Analysts warn that elevated yields may reduce investor appetite for speculative assets by making safer returns more attractive.
A recent auction of 30-year Treasury bonds, sold at a yield of 5.06%, has brought rising long-term US borrowing costs back into focus.
Specifically, it has revived concern among certain market observers about how tighter monetary conditions could impact Bitcoin (BTC) and other risky assets, just as investors are getting ready for the Fed’s next policy meeting.
Treasury Yields Hit a Post-2007 High That 5.06% print is the highest 30-year auction yield since 2007, and it reflects how expensive it has become for the US government to finance its growing debt. Furthermore, the 30-year Treasury yield has also climbed back above 5%, although it remains below the 5.20% peak reached on May 20, which was also the highest level since July 2007.
For comparison, auctions for the same maturity cleared at roughly 2% in early 2022, which pointed to heavier Treasury supply, rising inflation risk, and growing borrowing needs as the reasons the government now has to pay more to attract buyers.
Market commentators at The Kobeissi Letter also flagged the AI investment boom as an added source of pressure, since tech companies issuing record debt to fund AI infrastructure are competing with the government for the same pool of capital. “The US debt crisis is intensifying,” the account wrote.
Meanwhile, Spot On Chain analyst Hupzy called the move a structural headwind for BTC and risk assets, arguing that higher discount rates compress valuations across the risk curve and that yields above 5% make speculative allocation harder to justify.
Hupzy described the fiscal picture as double-edged, since rising debt costs could eventually push the Fed toward a dovish pivot, but said that the near-term signal is “risk-off as markets price deteriorating sovereign credit.” They also pointed to the May 5.20% peak as a level to watch, since a break above it would open a new stretch of sustained high long-term rates.
You may also like: Bitcoin Has Exited Capitulation Regime as Momentum Rebuilds: Analysts What Does $2.3B Stablecoin Exodus From Binance and Bybit Mean for Bitcoin Analyst Says Waiting for Bitcoin’s Four-Year Cycle Bottom Could Be a Costly Mistake Bitcoin was last trading above $64,000, down 1.3% over 24 hours but still up 1.7% over the past week and 1.2% in two weeks. The 30-day change is almost flat at 0.4%, with BTC’s market cap standing at around $1.284 trillion and the OG crypto trading roughly 49% below its all-time high of over $126,000 reached on October 6, 2025.
Fed Meeting Now Takes Center Stage for Crypto Markets Treasury yields will not determine Bitcoin’s direction on their own, and the bond market move has come during a relatively quiet week for scheduled US economic data, with investors focusing on weekly jobless claims, purchasing managers’ index reports, and quarterly earnings from Alphabet and Tesla before the Federal Reserve’s July 29 meeting.
Furthermore, the CME FedWatch data currently assigns an 86% probability that policymakers will leave interest rates unchanged, and, as CryptoPotato reported, an unexpected rate increase could trigger selling across cryptocurrencies and equities because markets have largely priced in no change.
That said, the return of 5% long-term borrowing costs is certainly another macro factor that investors need to watch. And with the Fed decision approaching and bond yields sitting at multiyear highs, any surprise in either market could quickly spill over into crypto trading.
SEOUL – Investing in South Korea’s stock market has yielded huge returns in 2026, but it has been a wild ride.
Volatility on the benchmark Kospi index has topped 60 per cent, almost double that of Japan’s Nikkei 225. It has even put the notoriously skittish cryptocurrency Bitcoin in the shade.
The gyrations have forced the Korea Exchange to trigger its “circuit breaker” mechanism, which puts a temporary halt on trading to prevent flash crashes and investor panic, seven times in 2026 through mid-July.
There was no such halt in 2025 and just one in 2024.
Here are some reasons for the unprecedented volatility in Korean stocks:
The Samsung-SK Hynix phenomenonTwo companies account for South Korea’s roller-coaster stock performance: Samsung Electronics and SK Hynix.
Their profits are exploding as they supply the memory chips required for the new generation of artificial intelligence systems.
The AI boom has sent their stock prices up so far, so fast that they now account for more than 50 per cent of the Kospi.
Listed affiliates of both companies take their share even higher.
As a result, funds tracking the Kospi index have effectively become a giant bet on AI.
When the Kospi closed at a record high in late June, more than 650 of its 831 constituent stocks actually fell.
The valuations of AI-related companies are hostage to swings in investor sentiment.
Hundreds of billions of dollars are being poured into AI platforms and data centres in the hope that the technology’s transformative capabilities will yield vast profits.
For now, AI has not generated enough revenue from end-users to cover the cost of building it.
Leveraged ETFs Leveraged exchange-traded funds (ETFs) are hugely popular in South Korea, and very risky.
They use derivatives and debt to amplify the daily returns of an underlying index or asset – typically by a factor of two.
The sophistication and riskiness of leveraged ETFs mean that in most parts of the world, they are primarily bought by professional traders and investors.
In South Korea, they are actively embraced by individuals investing their own savings, many of whom often lack much formal training in finance.
South Korea’s leveraged-ETF boom has its roots in 2010, when Samsung Asset Management launched KODEX Leverage, a 2x KOSPI 200 product that the firm and South Korean media describe as Asia’s first leveraged ETF.
For more than a decade, Korea’s leveraged-ETF market stayed mostly tied to broad indexes.
The country’s financial regulators recognised the risks when they tried to curb local investor demand for foreign leveraged ETFs in 2025.
But in 2026, they allowed the establishment of more than a dozen such products tracking Samsung and SK Hynix, 90 per cent of which are held by retail investors.
As concerns grew over their destabilising impact, the South Korean authorities announced on July 16 that new listings of single-stock leveraged products would be temporarily halted.
Together with the two chipmaker stocks they track, the ETFs have recently been accounting for more than 70 per cent of daily traded value in the US$4 trillion (S$5 trillion) market, amplifying the price moves in the two underlying stocks.
As the AI trade loses momentum globally, these products have now fallen below their launch prices.
Retail investorsSouth Koreans have long dabbled in the stock market, but the AI frenzy focused on Samsung and SK Hynix has really got them excited.
Local individual investors have poured more than 100 trillion won (S$88 billion) into shares in the Kospi in 2026.
Their money is helping to lower the companies’ cost of capital, supporting ambitious expansion plans.
But it has also added to the share price volatility.
The sellers have often been foreign investors – specifically, fund managers obliged to reduce their positions in Samsung and SK Hynix to ensure their share portfolios are not over-exposed to the two companies.
Foreigners have sold Kospi shares worth around US$108 billion in 2026, with SK Hynix seeing withdrawals of more than US$40 billion.
Institutional investors are more likely to stick with a company that is going through a rough patch and have a clearer view of its fundamental value during waves of euphoria.
Retail traders in South Korea are often hungry for returns and willing to take risks. They are known locally as “ants” for their tendency to act in unison.
When a stock falls, it can trigger a panicked stampede. When it rises, it can induce a wave of buying at inflated prices by small investors anxious not to miss out.
The boom in leveraged ETFs is only making things worse.
Goldman Sachs Group strategists wrote in late June that assets invested in South Korean leveraged ETFs tracking indexes and single stocks had soared to over US$40 billion from US$5 billion at the start of 2026.
“Leveraged ETFs are the principal risk to monitor,” they wrote in a separate note dated July 5.
While the amount of margin debt – borrowing to buy stocks – has eased in recent weeks from a June peak, it remains significantly above the level a year ago.
When a stock market is propped up by borrowed money, it can increase the risk of panic selling when prices start to fall.
“Given that leverage was a meaningful driver of the second-quarter rally in memory names, we remain cautious in calling the bottom,” said Gary Tan, a portfolio manager at Allspring Global Investments. BLOOMBERG
BlackRock has reportedly acquired $116 million worth of Bitcoin, further bolstering its competitive position as a significant institutional player in the cryptocurrency market. This purchase, likely facilitated through its iShares Bitcoin Trust (IBIT) ETF, continues BlackRock’s trend of substantial asset accumulation in 2026, despite fluctuations in Bitcoin’s price. The firm’s ongoing acquisitions have made it the largest institutional holder of Bitcoin, with its total holdings reaching 734,762 BTC as of July 17, 2026. This move aligns with BlackRock’s strategy of leveraging its ETF structures to capitalize on the potential of digital assets.
The acquisition comes as Bitcoin prices hover between $64,500 and $65,600. Market participants appear to interpret BlackRock’s purchase as an indication of increasing confidence in the long-term value of Bitcoin, which may influence market sentiment and price expectations. The news has coincided with increased odds in prediction markets concerning Bitcoin reaching higher price targets in July, suggesting that this institutional activity could be seen as supportive of upward price movements.
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In active prediction markets, the probability of Bitcoin reaching $67,500 by the end of July has increased to 60.5%, up from 48% just 24 hours ago. This shift suggests that market participants may be factoring in the potential impact of BlackRock’s purchase on Bitcoin’s near-term price trajectory. Other price targets, such as $70,000 and $72,500, have also seen increased probabilities, indicating that sentiment around Bitcoin’s price performance is becoming more optimistic.
Key Takeaways BlackRock’s $116 million Bitcoin purchase appears to suggest growing institutional confidence in cryptocurrency as a long-term asset. Market participants show increased optimism, with prediction markets reflecting higher probabilities for Bitcoin reaching $67,500 and beyond in July. The acquisition by BlackRock is consistent with its pattern of steady asset accumulation through its ETF structures, reinforcing its influential role in the cryptocurrency market. What to Watch Observers will be closely monitoring further institutional activities and any subsequent Bitcoin purchases by major entities like BlackRock. The next few days could be pivotal, as any significant market movements or announcements may impact Bitcoin’s price trajectory. Market participants will also be attentive to regulatory developments, especially any actions by the SEC that could influence ETF operations or digital asset markets. These factors could either reinforce or challenge the current upward trend in Bitcoin’s price expectations.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 60.5% — — View market → August 1 2026 23.5% — — View market → August 1 2026 4.5% — — View market → August 1 2026 0.8% — — View market → August 1 2026 0.1% — — View market → August 1 2026 3.6% — — View market → August 1 2026 0.2% — — View market → August 1 2026 8.5% — — View market → August 1 2026 0.3% — — View market → August 1 2026 1.1% — — View market → August 1 2026 2.6% — — View market → August 1 2026 1% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.1% — — View market →
Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
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Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
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Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
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According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
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ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
Bitcoin prices are at a five-week high, and the asset has moved out of its capitulation zone, according to analysts.
Bitcoin momentum is rebuilding, but confirmation has not arrived yet, said analytics platform Swissblock on Monday as BTC tapped a five-week high of $65,700.
“Bitcoin has exited its capitulation regime and is once again inside the transition area,” they added.
Swissblock identified the current area as “where a new impulse begins, or momentum fades back into weakness.”
Where to Next for Bitcoin? It added that the next test is clear and it needs to “reclaim the ignition line” to push above the “next Inflection point.” “Every sustained rally began with this sequence, but not every transition has succeeded,” it said.
Bitcoin has been in the capitulation zone since early June when it fell below $70,000, having remained below it ever since. It hit a current cycle low of around $58,000 at the end of June and has been trending higher ever since, gaining 12% over the past three weeks, which has moved it into a higher momentum or transition zone.
Is a bitcoin:native breakout on the verge of happening?
Momentum is rebuilding, but confirmation has not arrived yet.
Bitcoin has exited its Capitulation regime and is once again inside the Transition Area.
This is where a new impulse begins or momentum fades back into… pic.twitter.com/m0GBVttR7n
— Swissblock (@swissblock__) July 20, 2026
CryptoQuant analyst ‘Darkfost’ said on Monday that Bitcoin has spent 95% of its time at a higher MVRV. This metric compares market cap, calculated as price multiplied by supply, with its realized value, which reflects the price of each coin when it last moved.
“This shows just how significantly undervalued BTC is today compared to its historical evolution.”
Meanwhile, crypto trader ‘Daan’ said the $65,000 level has capped price for the entirety of July so far, before adding:
You may also like: Bitcoin and Risk Assets Under Pressure as 30-Year Yields Push Above 5% What Does $2.3B Stablecoin Exodus From Binance and Bybit Mean for Bitcoin Analyst Says Waiting for Bitcoin’s Four-Year Cycle Bottom Could Be a Costly Mistake “But I do think the longer price spends here, the more likely the $65K level is to break. Especially with the higher lows being made over the past 3 weeks.”
BTC Price Outlook Bitcoin was trading at $65,500 at the time of writing, following a 1% gain on the day. It tapped $65,700 in late trading on Monday, which is its highest level since June 15 when it topped $67,000 briefly.
Zooming out shows that the asset remains within a seven-week range-bound channel, but at resistance at the upper bounds of that channel.
“If BTC breaks above $66K, the next key level to watch is $66,700,” said Alphractal founder and CEO Joao Wedson.
“This is the Structural Midline, a key on-chain level from the Structural Market Bands that has historically acted as a highly reliable reaction zone,” he said before adding that bears will likely try to regain control around this area.
Bitcoin hits a two-week high near $65,500 as the chip trade turns back into a tailwind.(dujin yun/Pixabay)Summary
Bitcoin climbed to a two-week high around $65,500 as a rebound in Asian semiconductor stocks fueled a broader risk rally, with ether and several major tokens also advancing.The move has been supported by five straight days of inflows into U.S. spot bitcoin ETFs totaling more than $600 million, marking the strongest stretch of institutional buying since mid-July.Traders see the Federal Reserve’s late-July meeting as the key test for the rally, with low but fair crypto prices, subdued spot volumes and the prospect of further rate hikes all limiting conviction.Bitcoin climbed to about $65,500 on Tuesday, a two-week high, as the semiconductor selloff that dragged crypto lower last week reversed and Asian chip stocks led a broad risk rally.
The largest cryptocurrency rose 1% on the day and 5% on the week, with roughly $33 billion changing hands. Ether was the stronger of the two majors again at $1,922, up 3% on the day and 8% over seven sessions. XRP added 3% to $1.13 and is up 6% on the week, Solana rose 2% to $78, BNB held at $574 and dogecoin was flat. Hyperliquid's HYPE gained 4% to $63 but remains the only major underwater over the week.
The rebound started where last week's damage did. MSCI's Asia Pacific equities gauge climbed 2%, its first gain in four sessions, with Samsung and Taiwan Semiconductor the biggest contributors.
South Korea and Taiwan benchmarks each rose about 4%, and a tech-heavy mainland China gauge jumped almost 7% as state-linked institutions stepped in. Japan's Nikkei rose 3% after slipping into correction on Friday. The Chinese AI shock that hit chip stocks last week has, for now, given way to buyers returning to the same names.
Two other supports lined up behind the move. U.S. spot bitcoin ETFs have now drawn inflows for five straight sessions totaling more than $600 million, the most sustained institutional buying since mid-July and a reversal of the eight-week outflow run that ran through late June.
And oil, which had climbed for two days on the war, pulled back, with Brent falling 1% to about $88.58 as Iran said mediators were circulating proposals to ease hostilities, including a reported suggestion for a 10-day halt in strikes.
"Current bitcoin and ether prices are low but fair, given the macro uncertainties pervading markets," said Jeff Mei, chief operating officer at BTSE, who pointed to the Fed meeting as the event traders are positioned around.
"Traders expect rates to hold steady but are looking for more signals as to what's to come later in the year,” Mei added.
The read on that meeting is where the rally meets its limit. The Federal Reserve gathers July 28 and 29, and markets put the odds of a July rate increase at about 15%, though a September move is still live.
Spot-market volume across crypto stayed subdued even as prices rose, the sign of a tape lifted by returning risk appetite rather than fresh conviction, and higher oil and Treasury yields remain the levers that could keep the Fed hawkish and cap risk assets.
The same force that set the direction all month is simply pointing the other way now. Bitcoin fell last week because Asian chip stocks did, and it is at a two-week high this week because they bounced.
Bitcoin futures and options show whales still prefer hedging downside risks as socio-economic risks mount.Rising Treasury yields and declines in AI stocks fuel risk aversion, yet BTC’s strength signals continued decoupling.Bitcoin (BTC) showed relative strength over the past week, despite failing to break above $65,500. More importantly, the cryptocurrency has decoupled from traditional markets as investors took profits in memory-chip makers amid fears of excessive valuations in the artificial intelligence sector. Still, judging by Bitcoin’s derivative metrics, top traders are not particularly confident about a rally toward $70,000.
The Bitcoin perpetual futures annualized funding rate stood at a neutral 8% mark on Monday, flat from one week prior. Excessive demand for bullish leverage drives the indicator above the 12% level, which last occurred on July 10. It is unclear if Bitcoin traders’ lack of optimism is somewhat related to contagion fears from the sell-off in tech stocks or the war in Iran.
Nasdaq-100 futures (left) vs. Bitcoin/USD (right). Source: TradingView
The tech-heavy Nasdaq-100 Index dropped below 28,800 on Friday for the first time in five weeks, while Bitcoin displayed strength over the weekend and eventually broke above $65,000 on Monday. Strategy announced a successful raise of $263 million in cash by selling common stock during the prior week, easing concerns of potential Bitcoin sell pressure.
Investors became extremely anxious about Strategy’s $1.76 billion annual dividend payout to its preferred perpetual equity shareholders, in addition to the $2.6 billion of convertible debt maturing in 2028 and 2029. By raising cash reserves to a comfortable $3.22 billion, the company hopes to eliminate the uncertainty caused by unrealized Bitcoin losses held in its balance sheet.
Bitcoin 30-day options delta skew (put-call) at Deribit. Source: Laevitas
The Bitcoin 30-day options delta skew stood at 13% on Monday, meaning puts (sell) traded at a premium relative to calls (buy). Under neutral conditions, the indicator should range from -6% to +6%. Despite the modest improvement from the prior week’s 19% delta skew, whales and market makers remain reluctant to hold downside price exposure.
Bitcoin’s resilience amid AI stocks weakness and increased risk aversionThe sell-off in AI-related stocks has also caused investors to act more risk-averse. The sharp declines in the shares of IBM, SanDisk, Oracle, ARM, SpaceX and Intel coincided with a rally in five-year US Treasury yields. Traders demanded higher returns to hold government bonds, indicating they anticipate further expansionary monetary measures due to the ongoing fiscal debt issue.
Gold/USD (left) vs. US five-year Treasury yield (right): Source: TradingView
The US five-year Treasury yield surged to 4.33% on Monday, up from 4.22% two weeks prior. Curiously, gold prices have been in a downtrend since mid-May, suggesting that no asset class has been immune to the deteriorating global economic growth outlook and ongoing geopolitical tensions in the Middle East.
On Monday, US President Donald Trump vowed to retaliate against Iran for a missile strike that killed US soldiers in Jordan, putting risk assets on high alert. Bitcoin’s jump to $65,500 strengthens the case for further decoupling from traditional finance markets amid signs of monetary base expansion. Despite a lack of bullishness in BTC derivatives markets, a rally toward $70,000 could be ignited by weak corporate earnings, especially in the AI sector.
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.
Bitcoin hovered close to $64,200 on Monday morning, maintaining a narrow trading range ahead of the Wall Street open. Traders focused on the influence of semiconductor stocks, ETF inflows, and the $62,500 to $65,000 price band, watching to see whether the top cryptocurrency can reclaim higher levels or revisit recent lows.
Bitcoin holds key range before US market openDuring pre-market hours, Bitcoin traded around $64,245, according to analyst Ted Pillows. The asset remained locked between support at $62,500 and resistance at $65,000, a range that persisted throughout the weekend after US stock markets declined on Friday.
Ether was stable near $1,872, while XRP hovered at $1.09. These moves occurred while US equity markets were closed, leaving crypto to trade mostly on its own momentum ahead of the new week.
Stock market performance continued to weigh on sentiment. Pillows said the current session will provide the first significant test of the rebound seen over the weekend. “I’m watching the clock this morning, the bounce held the whole weekend, BTC is near $64,200 and the fear gauge has thawed, but the test I flagged is now hours away, not days,” Pillows posted on X, noting his cautious stance before the open because equities had been closed during the crypto rally.
BTC has held above $64,000 following a stock selloff, but the key decision comes as US markets open for the week, according to market participants.
The Crypto Fear and Greed Index rose from 25 to 28, signaling a slight improvement in sentiment but still reflecting lingering caution in the market after the recent downturn in chip stocks.
Semiconductors and equities pressure crypto momentumOn Friday, the S&P 500 fell 1.01%, the Nasdaq Composite dropped 1.4%, and the Dow Jones slipped 0.77%. Analysts attributed much of this pressure to major semiconductor firms after Taiwan Semiconductor Manufacturing Company (TSMC) shared cautious capital spending guidance. The performance of semiconductor stocks has played a growing role in influencing digital asset prices because of the sector’s ties to risk appetite and broader technology trends.
Gold surged to a new high near $4,017, highlighting persistent risk-off sentiment. Meanwhile, US 10-year Treasury yields remained unchanged at roughly 4.55%, with real yields close to 2.31%.
Ted Pillows highlighted that Bitcoin’s price action is increasingly correlated with the Nasdaq. If semiconductors stabilize, he observed, Bitcoin could have room to rise toward $65,000. However, renewed selling in equities might drag prices back toward the lower end of the range.
Mini dictionary: TSMC (Taiwan Semiconductor Manufacturing Company) — A multinational semiconductor contract manufacturing firm based in Taiwan, recognized as the world’s largest and leading chip foundry supplying global technology companies.
If the stock market weakness resumes, Bitcoin could come under renewed pressure, increasing the risk of a move below $62,500 support.
AssetFriday’s PerformanceCurrent LevelS&P 500-1.01%–Nasdaq Composite-1.4%–Dow Jones-0.77%–Gold+ New high$4,017Bitcoin–$64,200Ethereum–$1,872XRP–$1.09ETF inflows and Fed blackout keep crypto traders waryBitcoin ETFs logged four consecutive days of net inflows as of Friday, led by the iShares Bitcoin Trust (IBIT), which added $132.3 million on the last reported day. Ethereum ETFs also returned to positive inflows after seeing outflows a day prior.
Pillows also noted the impact of the current Federal Reserve “blackout period” ahead of the Federal Open Market Committee (FOMC) meeting scheduled for July 28-29. With no official Fed commentary to steer rate expectations this week, attention turns to stock market developments and ETF flows. Bitcoin open interest remained close to $48.5 billion, with minimal liquidation activity over the weekend.
This combination keeps the immediate outlook uncertain. If Bitcoin maintains support above $62,500, the next resistance to watch is $65,000. Should selling pressure return at the open, traders may see a renewed test of lower support levels.
Mini dictionary: Fed blackout period — The time ahead of each Federal Reserve meeting when central bank officials refrain from public statements about monetary policy decisions to avoid influencing markets.
ETF inflows remain positive, but with the Fed silent and equities under pressure, traders are closely monitoring Bitcoin’s ability to hold its current range heading into the week.
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.
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.
Vet argues that reserve requirements serve as an important defense against spam attacks and excessive network resource usage.
An XRPL validator has said that he will not vote for another reduction in its account reserves, sparking a community debate over whether lower costs would help adoption or weaken network protections.
The dispute has split community members between those who see lower reserves as necessary for easier onboarding and those who argue that it could strip out a security buffer that the network still needs.
XRPL Reserve Debate Revisits Network Costs and Spam Protection In a July 20 post on X, Hussein Zangana, the XRP Ledger Foundation’s director of community, told his nearly 57,000 followers that the network’s account reserves have already fallen significantly since the network launched.
In 2012, activating an account required 1,000 XRP in base reserves, with Jed McCaleb later reducing the requirement to 200 XRP. From there, reserves came down gradually through validator votes rather than formal amendments, landing at today’s figures: a 1 XRP base reserve to activate an account, plus a 0.2 XRP owner reserve for each token held, including RLUSD or USDC, or for each of up to 32 NFTs.
He said that he’d backed earlier reductions himself, and at the time, the cuts had made sense given XRP’s rising price and XRPL’s beefier server capacity. However, as things stand, he’s drawing a different line.
“We have to be very careful in arbitrarily lowering reserves,” Vet wrote. “There’s a clear reason for its existence and security comes first. The debate should start there.”
According to him, reserves were designed to protect network resources, including storage and memory, by making it more expensive to create a large number of accounts that could be used for spam or DDoS attacks.
The dUNL validator added that he would only vote to lower reserves if the lower requirements could provide the same level of protection the current one does. He further confirmed that he would definitely not vote for higher transaction fees, which he claimed many community members had been using “as an argument to compensate for lower reserves.”
You may also like: XRP Has Stayed in Crypto’s Top 10 for 13 Straight Years – No Other Altcoin Has Done This Binance XRP Reserves at Lowest Since February as Ripple Price Defends Key Support Ripple, Coinbase, Circle Join Linux x402 Foundation to Help Shape AI Payments Where the Rest of the Community Landed Vet did face some pushback, especially from community member Daniel Keller, who argued that lower reserves could help the project attract more users who are unfamiliar with crypto.
According to him, the focus should be on onboarding people outside the existing crypto audience, where sponsors might want to activate accounts on their behalf while keeping down acquisition costs.
Keller also questioned whether Vet’s concerns about spam were overstated and pointed out that the ledger had handled periods of high activity in the past without lower reserves causing any issues.
Meanwhile, another community member, Chris Thompson, raised a different worry: that lowering reserves could make it easier to create more easily disposable wallets, which could increase the surface area for possible exploitation.
Recent XRPL updates have also seen uneven adoption, with only 43% of nodes moving to its v3.2.0 upgrade. The update introduced changes such as reduced memory usage for nodes of between 30% and 40%, as well as improvements tied to network operations.
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.
Sen. Elizabeth Warren (D-Mass.) criticized political action committee spending during elections on Monday, including spending by the cryptocurrency lobby.
‘Fight To Unrig This Broken System’Warren said on X that “dark money groups” are “spending millions” to influence the selection of congressional representatives.
She targeted groups tied to AI, cryptocurrency and the American Israel Public Affairs Committee—the bipartisan political lobbying organization that advocates for pro-Israel policies.
“We must elect fighters who reject corporate PAC money and will fight to unrig this broken system,” the senior lawmaker said.
AIPAC didn’t immediately return Benzinga’s request for comment.
Crypto Leads Corporate Spending In MidtermsA report published at the end of June found that cryptocurrency, artificial intelligence, Big Tech and online betting corporations collectively spent over $290 million in the 2026 U.S. midterm elections.
Federal filings show Fairshake had already blown past that number—over $74 million spent by May 31.
Supreme Court Ruling At The Heart Of The IssueWarren’s criticism mirrors that of Sen. Bernie Sanders (I‑Vt.), who is equally outspoken against big money in politics.
He is unequivocal in his belief that the Supreme Court’s Citizens United ruling must be overturned. The decision lifted numerous campaign finance laws, enabling corporations, super PACs and outside organizations to spend an unlimited amount of money on elections.
Photo Courtesy: Bryan J. Scrafford on Shutterstock.com
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Validator Draws the Line on Reserve ReductionsXRP Ledger validator Hussein Zangana, widely known in the community as Vet, has publicly pushed back against calls to reduce the network's account reserve requirements, saying he will not vote for further cuts unless proponents can demonstrate that the network would remain equally protected against spam and DDoS attacks.
Zangana, who serves as the XRP Ledger Foundation's director of community, shared his position on July 20 with his nearly 57,000 followers on X. He acknowledged that reserves have already fallen sharply since the network launched. The original 2012 requirement of 1,000 XRP was later reduced to 200 XRP by Jed McCaleb. Most recently, on December 2, 2024, validators voted to set the base reserve at 1 $XRP per account, down from 10 XRP, with the owner reserve dropping to 0.2 XRP per item from 2 XRP.
Zangana said he had backed earlier reductions himself, noting the cuts had made sense given XRP's rising price and XRPL's beefier server capacity at the time. But he is now drawing a firm line. The dUNL validator said he would only vote to lower reserves further if the lower requirements could provide the same level of protection the current system does.
Security Over Cheaper OnboardingThe XRP Ledger applies reserve requirements to protect the shared global ledger from growing excessively large as the result of spam or malicious usage, with the goal of constraining ledger growth to match improvements in technology so that a current commodity-level machine can always fit the ledger in RAM.
According to Vet, storage and memory are precious commodities, and it is through the reserve system that the network is able to defend itself against any form of spam and DDoS attack. He added that a 1 XRP base reserve is unlikely to discourage legitimate users, and that long-term adoption depends more on developers building useful applications than on cheaper account creation.
The stance has sparked a wider community debate, splitting members between those who see lower reserves as necessary for easier onboarding and those who argue it could strip away a security buffer the network still needs.
Sources
CryptoPotato: XRPL Reserve Debate Splits Community Over Adoption vs Security
XRPL.org: Lower Reserves Are In Effect (December 2024)
XRPL.org: Reserve Requirements Documentation
The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin (BTC) rising above $65,000 on Tuesday, amid improving retail sentiment. Top altcoins, including Ripple (XRP) and Cardano (ADA), are gaining bullish momentum, while Dogecoin (DOGE) continues to consolidate, holding above a crucial support zone.
Ripple regains bullish momentumXRP remains below both the 50-day and 200-day Exponential Moving Averages (EMAs) at $1.1456 and $1.4678, respectively, keeping the pair in a capped, mildly bearish near-term structure. A decisive close above the 50-day EMA at $1.1456 could ease the current downside bias, ahead of a more substantial barrier at the $1.2543 to $1.2700 supply zone.
Momentum, however, is more constructive than price action suggests, with the Moving Average Convergence Divergence (MACD) and its signal line maintaining an upward trend, suggesting a bullish profile. Meanwhile, the Relative Strength Index (RSI) around 53 points to steady, non-overbought conditions that could support further recovery.
XRP/USDT daily price chart.On the downside, the recent reaction low zone just below the $1.0000 psychological support becomes the next area to watch, as a decisive move below it would likely invite renewed selling pressure.
Cardano extends gains toward its 50-day EMACardano holds above $0.1700 at press time on Tuesday, extending the previous day's gains. However, the altcoin remains below both the 50-day EMA at $0.1772 and the 200-day EMA at $0.2882, which keeps the broader tone bearish.
The MACD rises above its signal line after a minor consolidation, rebuilding a positive histogram profile, while the RSI at 53 hints at modest recovery momentum, yet the pair remains capped by the nearby 50-day EMA overhead.
Looking up, if ADA clears above $0.1772, the potential breakout rally could target the support-turned-resistance level at $0.2205.
ADA/USDT daily price chart.Looking down, the key structural floor is the horizontal support at $0.1486, which marks the initial bearish target if selling pressure resumes.
Dogecoin consolidates near key support levelDogecoin maintains a bearish near‑term bias as it stays below the 50‑day EMA at $0.0798 and the 200‑day EMA at $0.1040. The meme coin is consolidating just above the $0.0700 handle after failing to hold the prior horizontal resistance at $0.0777.
The RSI at 39 hints at subdued but stabilizing downside momentum, and the MACD line hovering slightly above its signal line suggests modest bullish attempts within an overall capped structure.
Immediate resistance appears at $0.0777, followed by the 50‑day EMA at $0.0798; only a sustained break above these levels would ease selling pressure and expose the next key barrier at $0.0879.
DOGE/USDT daily price chart.Initial support is seen at $0.0700, where a daily close would likely extend the bearish phase toward $0.0642.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
4 minutes ago
Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
4 minutes ago
Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
4 minutes ago
Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
4 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
4 minutes ago
Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
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.
After weeks of steady decline, Shiba Inu has shown a slight but noteworthy recovery, with the well-known meme asset rising by about 1.7% during the most recent trading session. The move is notable because it came after a protracted period of diminishing momentum and almost constant selling pressure, even though it is insufficient to change SHIB's overall bearish trend.
SHIB has recovered from local lows set earlier in July and is currently trading at about $0.0000114. The rebound occurs as the token makes an effort to hold steady above a crucial support area that has drawn buyers on multiple occasions over the previous few weeks. Technically speaking, the shift seems to be motivated more by seller fatigue than by aggressive new purchases.
SHIB/USDT Chart by TradingViewSHIB is still below all significant moving averages, according to the chart. The long-term market structure is still bearish because the 50-day EMA is close to $0.0000118 and the 100-day and 200-day trend indicators are still significantly higher. Nonetheless, a number of indicators suggest that the downward momentum has started to wane. The RSI is now getting close to the 42 level after recovering from oversold territory.
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This shows that selling pressure is no longer controlling the market to the same extent as it was in June and early July, even though it is still below neutral. The concept of stabilization is also supported by volume dynamics. Speculative mania is not driving the current rebound because trading activity has not skyrocketed. Rather, SHIB seems to be establishing a short-term base following a protracted decline. Overhead resistance continues to be the largest obstacle for bulls.
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The $0.0000118 and $0.0000120 resistance levels have now turned into resistance zones. A successful move above those levels could pave the way for the 100-day moving average and would be buyers' first significant technical victory in months.
On the downside, SHIB would soon be vulnerable to another test of recent lows if support were not maintained at current levels. Traders should not assume that a single green session signals the start of a more significant trend reversal, due to the asset's propensity for extreme volatility.
Ethereum Yet to Be TestedAs the second-largest cryptocurrency continues to recover from the severe June sell-off, Ethereum is getting close to what might be its most significant resistance test in recent months. ETH has risen back toward the $1,900 area after recovering from lows close to $1,550, putting it squarely below a significant technical barrier that may decide whether a move toward $2,000 materializes.
Ethereum is currently trading at about $1,870 and has established a series of higher highs and higher lows throughout July. Growing momentum and a successful recovery of the 50-day and 100-day moving averages have bolstered this comeback. Bulls now have a stronger base than they did a few weeks ago because the 50-day EMA around $1,796 and the 100-day EMA around $1,732 have moved into support. The most significant obstacle is still ahead.
ETH/USDT Chart by TradingViewThe 200-day moving average for Ethereum is currently being tested close to $1,936, a level that has frequently served as resistance throughout 2025. This region is more significant than just a moving average. Additionally, ETH would return above a crucial psychological threshold and greatly improve market sentiment if it broke above the 200-day trend line. The current price structure indicates a rise in buyer aggression.
Despite sporadic profit-taking, Ethereum formed a robust V-shaped recovery after the capitulation event in June and has continued to push higher. Throughout the advance, trading volume has stayed high, suggesting real participation as opposed to a purely speculative bounce.
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Momentum metrics lend credence to the bullish argument. The RSI has increased to about 60, indicating that demand is getting stronger, while it is still below overbought territory. In the event that resistance starts to wane, this allows for another leg higher.
The $2,000 level, which is still the next important psychological and technical target, would probably be reached with a clear close above $1,936. If the price breaks above $2,000, more momentum buying may occur, forcing sidelined investors to return to the market. Failure at current levels, though, might cause a brief decline toward support at $1,800. Such a move would postpone Ethereum's attempt to recover one of the most significant price levels in the market, even though it would not necessarily invalidate the recovery.
Bitcoin's Momentum Is ThereAfter recovering from its dramatic June correction, Bitcoin is quietly gaining momentum. The current technical structure indicates that the market still has room to rise before running into significant resistance. As buyers continue to defend higher lows, the path toward $68,000 seems more plausible, with Bitcoin currently trading at $64,600.
Bitcoin's successful comeback above the 50-day and 100-day moving averages is the chart's most significant development. In contrast to the market structure observed only a few weeks ago, the 50-day EMA near $63,700 and the 100-day EMA around $63,100 are now functioning as support rather than resistance.
BTC/USDT Chart by TradingViewAfter Bitcoin briefly fell below $60,000 due to a sharp sell-off, buyers intervened forcefully, setting off a series of higher lows. The recovery has been gradual rather than rapid, which frequently provides a stronger basis for long-term upward movement. Technically speaking, the next major barrier does not appear until the $68,000 range.
This region is in line with the 200-day moving average, which is currently close to $68,100. Traders are likely to see this zone as the first significant test for the continuing recovery, since long-term trend indicators frequently attract significant selling activity. The bullish argument is still supported by momentum indicators.
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The RSI has increased above 54, indicating that demand is improving without entering overbought territory. This is significant because it implies that Bitcoin still has potential to grow before its momentum becomes stretched.
Following the June panic, volume has also stabilized, suggesting that the market is no longer going through the aggressive liquidation phase that defined the previous decline. Rather, as confidence reappears, participants seem to be progressively rebuilding their positions. But the overall trend is still uneven.
Even though the short-term outlook has significantly improved, Bitcoin is still far from the highs set earlier in the year and is still trading below its 200-day moving average. Bulls must demonstrate that the current comeback is more than just a passing rally. Technically, a move toward $68,000 seems warranted if the current support levels hold.
Reclaiming the 200-day trend line could significantly boost market sentiment and bolster the case for a more significant recovery during the second half of the year, making such a rally a crucial turning point. With $68,000 emerging as the next significant target, Bitcoin's chart currently indicates that the market still has unresolved business to the upside.
Bernstein analysts have raised their price target for Robinhood (HOOD), citing potential growth in the company's prediction market revenue, as well as new revenue streams from perpetual futures and its recently launched Ethereum (ETH) Layer 2, Robinhood Chain.
In a note to investors on Monday, the firm's analysts, led by Gautam Chhugani, raised their target for the exchange's stock from $130 to $160, applying a 2028 calendar-year earnings-per-share estimate of $4.56, 39% higher than the market consensus.
"We maintain a 35x one-year forward price-to-earnings multiple, based on projected revenue, EBITDA, and earnings-per-share compound annual growth rates of 32%, 47%, and 49%, respectively, between 2026 and 2028," Bernstein wrote.
The firm stated that the change is driven by Robinhood's expansion into prediction markets, tokenized equities and perpetual futures. Particularly, it projected revenue from Robinhood's prediction markets business, boosted by the company's Rothera exchange, will hit $1.7 billion by 2028. That reflects a compound annual growth rate (CAGR) of 64% between 2026 and 2028.
Chhugani added that Robinhood and prediction marketplace Kalshi have developed a "frenemy" relationship, as the company has continued to distribute Kalshi's contracts alongside event contracts from its Rothera exchange to users simultaneously.
Robinhood acquired a majority stake in the existing LedgerX exchange in 2025 and rebranded the company to Rothera before launching event contracts in May.
"We model new asset classes, including prediction markets, perpetual futures, and Robinhood Chain, to contribute 18% of total revenue in 2027 and 23% in 2028," Chhugani added.
Robinhood is set to release its Q2 earnings report on July 29, and Bernstein estimates that the company's results will align with market forecasts, adding that prediction-market revenue will offset weakness in its cryptocurrency business.
HOOD climbed above $102 following Bernstein's report but eventually erased those gains, closing at $99.28, a 0.68% decline on Monday.
Major cryptocurrencies are beginning to show signs of recovery after a challenging stretch marked by consistent selling and heightened volatility. Shiba Inu, Ethereum, and Bitcoin have each rebounded from their July lows, testing important resistance zones that could determine the direction of the broader market in the coming weeks.
Shiba Inu holds support, buyers show cautionShiba Inu, a well-known meme-based cryptocurrency, rose by 1.7% in the most recent session, marking a pause in its earlier slide. SHIB recovered from local lows reached earlier in July and is now trading around $0.0000114, attempting to stabilize above a key support area that has previously attracted buyer interest.
Technical analysis indicates that the move is propelled largely by a slowdown in selling pressure, rather than the emergence of significant new buying. With the price still below all major moving averages, including the 50-day exponential moving average (EMA) at $0.0000118, SHIB maintains a bearish long-term structure.
Momentum indicators provide mixed signals. The relative strength index (RSI) has improved from oversold territory, now approaching 42, reflecting a reduction in selling momentum compared with June and early July. Trading volume remains subdued, indicating that speculative fervor is not driving the recent rebound.
For the market to shift decisively, SHIB must overcome resistance at $0.0000118 and $0.0000120. A move above those barriers may enable the price to target the 100-day moving average, which would represent a meaningful technical achievement for buyers.
Overhead resistance at $0.0000118 and $0.0000120 has become the most significant challenge facing bulls; only a successful breakout above these levels could turn market sentiment in their favor.
Should SHIB fail to maintain support at current prices, the token could be exposed to another test of recent lows.
Ethereum targets key resistance after V-shaped recoveryEthereum, the second-largest cryptocurrency by market value, is approaching a major technical milestone after rebounding from sharp June declines. ETH is currently trading near $1,870, having climbed from lows close to $1,550 this month.
Throughout July, Ethereum established a sequence of higher highs and higher lows, reclaiming its 50-day and 100-day moving averages. These short-term averages, now at $1,796 and $1,732, have shifted from resistance to support, strengthening the bullish case.
The main obstacle for Ethereum is the 200-day moving average, positioned close to $1,936. This level has frequently acted as resistance so far in 2025, and a breakout would not only shift the technical outlook, but could also restore positive sentiment among investors.
Momentum signals are improving. The RSI has climbed to around 60, remaining below overbought territory but highlighting renewed demand. Also, sustained trading volume underscores that participation is broad-based and not limited to speculative traders.
A confirmed break above $1,936 could open the way to the next psychological target at $2,000, potentially attracting more buyers and further momentum. However, failure to surpass resistance might see ETH revisit the $1,800 support zone, which could delay its recovery.
Ethereum LevelCurrent Price / IndicatorStatus50-day EMA$1,796Support100-day EMA$1,732Support200-day EMA$1,936Key ResistancePsychological Resistance$2,000Potential TargetMini dictionary: Exponential Moving Average (EMA), a type of moving average that gives more weight to recent prices, providing a more responsive indicator of trend direction compared to simple moving averages.
Bitcoin sets sights on $68,000 resistanceBitcoin has gradually rebounded from its steep June correction, regaining strength as buyers step in to defend higher lows. The largest cryptocurrency currently trades at $64,600, showing continued recovery momentum ahead of the key $68,000 resistance zone.
BTC’s return above its 50-day EMA at $63,700 and 100-day EMA at $63,100 marks a transition where former resistance levels now provide new support. This technical structure suggests improved confidence compared with recent weeks.
Buyers responded decisively after Bitcoin briefly dipped below $60,000, resulting in a steady, rather than rapid, climb. The next significant resistance is the 200-day EMA, located near $68,100, which has historically generated notable selling activity.
Momentum indicators continue to favor an upward move. The RSI has risen above 54, implying healthier demand without nearing the overbought threshold. Stability in trading volume further signals a gradual return of market participants following June’s sell-off.
The $68,000 region represents both a technical and psychological target for Bitcoin; if sustained support holds and the price reclaims the 200-day average, the rally could accelerate and meaningfully boost sentiment for the second half of the year.
Despite the positive short-term signals, Bitcoin remains well below its peak from earlier in 2025. Investors are watching closely to determine whether the recovery can maintain its momentum and break through key resistance levels, setting the stage for further gains.
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.
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.
A cluster of large Ethereum holders has been quietly stacking $ETH in recent days, with on-chain data from Lookonchain capturing a series of significant wallet moves that have drawn attention across the market.
Dormant Wallets and Fresh Accounts Move Big One previously dormant whale resurfaced after three months of inactivity, spending $20 million in USDC to acquire 10,501 $ETH. Separately, two newly created wallets withdrew more than 86,000 ETH from Binance and Gemini before staking the entire amount, a move that takes supply off exchanges and signals longer-term conviction. Such movements are often associated with large investors who seek to generate passive yield by participating in Ethereum's proof-of-stake consensus mechanism, with staking involving locking up ETH to help secure the network in return for validator rewards.
Adding a historical dimension to the activity, an Ethereum ICO participant also moved 2,000 ETH after remaining inactive for 11 years, a reminder of how deep early-stage holdings can run.
Arthur Hayes Keeps Buying BitMEX co-founder Arthur Hayes added another 1,332.5 $ETH, worth approximately $2.53 million, to his holdings. The purchase continues a broader pattern of accumulation. Lookonchain has flagged Hayes-linked addresses scooping up ETH in a steady streak going back to at least mid-June, when wallets tied to him acquired roughly $5.4 million in ether. Hayes has been vocally bullish on ether's long-term trajectory, arguing that the asset is positioned to benefit from expanding macro liquidity and its central role in facilitating collateral across the decentralized finance landscape.
According to Lookonchain, there are a total of five different wallets believed to be linked to Hayes, with a combined Ethereum balance of around 4,353 ETH, valued at approximately $8.35 million at recent prices.
The broader accumulation trend extends well beyond Hayes. Data from CryptoQuant's Spot Average Order Size indicator revealed substantial whale-sized orders occurring for seven straight days, though the metric captures both buy and sell orders, confirming heightened activity without indicating clear directional bias. The total amount of staked ETH has climbed to an unprecedented 40.93 million ETH.
While the on-chain flows paint a broadly constructive picture, analysts caution that large wallet activity alone does not guarantee price continuation. Traders are watching whether sustained demand from big holders can absorb any near-term profit-taking.
Sources:
CryptoPotato: Arthur Hayes Buys ETH Above $1,900
Bitcoin.com News: Ethereum Whales Load Up
MoneyCheck: Ethereum Whale Accumulates $165M
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.
Abraxas Capital withdrew 20,000 ETH from Aave, valued at approximately $38.47 million.
According to monitoring by Onchain Lens, Abraxas Capital has just withdrawn 20,000 ETH (approximately $38.47 million) from Aave.
4 minutes ago
Wanchain-Cardano cross-chain bridge exploited, approximately 515 million NIGHT tokens stolen.
According to monitoring by BlockSec Phalcon, Wanchain’s Cardano cross-chain bridge was exploited, with approximately 515 million NIGHT tokens stolen from the bridge’s Treasury. BlockSec’s preliminary analysis attributes the root cause of the vulnerability to the non-injective encoding method used by the TreasuryCheck verifier for signed messages: 14 variable-length fields were directly concatenated to generate the message to be signed, without using separators or length prefixes. This allowed different field combinations to produce identical byte sequences, enabling attackers to reuse valid signatures to carry out the exploit.
4 minutes ago
Bitget has launched 8 stock perpetual contracts including NVDL, TSLL and others.
According to an official announcement, Bitget has launched 8 US equity leveraged and ETF perpetual contracts, including NVDL (2x long Nvidia ETF), TSLL (2x long Tesla ETF), AAPU (2x long Apple ETF), MSFU (2x long Microsoft ETF), and other products. All contracts are settled in USDT, support up to 20x leverage, and enable 24/7 trading. As of press time, Bitget’s stock contracts cover a total of 230 underlying assets. For more details, please refer to Bitget’s official platform.
4 minutes ago
OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
4 minutes ago
Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
4 minutes ago
ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early cryptocurrency holdings, including XRP at $0.10 and Ethereum at around $1.
He says his decision was driven mainly by his aversion to risk, which he "really, really" hates.
"Obviously, I wish I hadn't done those things," Schwartz replied.
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The Ripple veteran explained that the sales were part of an agreement he had made with his wife to gradually reduce exposure whenever his holdings reached new all-time highs.
“But I agreed with my wife to sell at every new ATH and I really, really hate risk,” Schwartz said. “I wish I was more comfortable with risk, but I'm just not that person.”
Unlikely price predictions Schwartz previously revealed that he sold his Ethereum because he viewed extreme price predictions as unlikely
Addressing criticism over the early sale, Schwartz said that his decision was based on probability rather than a lack of belief in crypto’s long-term potential.
“If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05,” Schwartz previously stated.
Ripple veteran no longer holds much XRPDespite once owning a significant amount of XRP, Schwartz has said that he has largely reduced his cryptocurrency exposure and "does not have much left anymore."
In April, Schwartz revealed that most of his remaining crypto holdings had been sold.
"I don't have that much left anymore," Schwartz said. "I've tried to get most of my assets (other than Ripple stock) away from crypto exposure."
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He explained that his preference for lower volatility outweighed the possibility of future crypto gains.
The Ripple executive acknowledged that his decision could cause him to miss out on potentially historic returns but said he was comfortable with the tradeoff.
“I fully recognize that crypto may be a once-in-a-generation chance to get rich that we have not missed yet and that may mean that I miss a lot of it,” Schwartz said.
Schwartz's early XRP position in the token was substantial. At the peak, he held approximately 26 million XRP.
"Me? At my peak holding, I had about 26 million XRP," Schwartz said.
He also explained that his early crypto strategy involved moving into XRP and Ethereum after selling Bitcoin.
He added that his personality played a major role in his approach. The Ripple veteran has repeatedly said that maintaining peace of mind is more important than attempting to capture every possible market gain.
"I don't really feel my wins and my losses really sting. I still have more risk left than I'm comfortable with. But, obviously, I can't really complain,” he said.
Bitcoin price climbed above $65,000 as renewed regulatory optimism strengthened sentiment across the cryptocurrency market on Tuesday.
The total crypto market capitalization rose 1.56% within 24 hours, reaching $2.24 trillion overall. There was also an increase in on-chain activity and inflows into United States spot exchange-traded funds which was beneficial to Bitcoin. The recovery has put the $66,000 resistance level within reach in case the momentum is strong.
CLARITY Act Breakthrough Lifts Market Confidence Investor confidence was boosted following the acceptance of an ethics clause by President Donald Trump associated with the CLARITY Act. The agreement could remove a key obstacle that delayed negotiations for several months.
A source in the industry indicated that the deal came up Monday evening after negotiations between the legislators and the administration officials. The clause concerns limiting the manner in which government officials can use digital resources when they are in office.
Trump Clears Path For CLARITY Act Vote With Ethics Deal
US President Donald Trump has agreed to an ethics provision that could unlock passage of major crypto legislation.
An industry source told The Block the agreement came Monday evening after months of stalled talks.
The… pic.twitter.com/loQB0Sykvu
— BSCN (@BSCNews) July 21, 2026
The bill would separate the regulation of digital assets between the Securities and Exchange Commission and Commodity Futures Trading Commission. Congress needs to do it before the end of early August where congress recess may postpone further development.
Upon passing, the bill would be reintroduced in the House and then go to Trump to be approved. Ethereum price has surged to over $1,900 as part of the wider rally. XRP also managed to stay above $1.20 following the increase of about 5% in the last week.
Bitcoin Open Interest Climbs as Derivatives Volume Surges 95% The Bitcoin derivatives activity intensified as the volume of trading increased by 95% to reach 59.67 billion in the course of the session. The open interest rose by 2.36% to $49.07 billion indicating traders were increasing positions even as the market experienced more uncertainty.
Source: Coinglass data Options trading saw the greatest action, with a gain of 138% and a total volume of $3.25 billion. Meanwhile, options open interest rose 1.86% to $32.67 billion, indicating steady demand for hedging strategies. Generally, the numbers indicate more involvement in the Bitcoin futures and options exchanges, with the most significant growth in transaction volumes.
Spot Bitcoin ETFs Attract $227M as Inflow Streak Reaches 5 Days U.S. spot Bitcoin ETFs attracted $227 million in net inflows on July 20, extending their positive streak to five sessions.
The daily inflows also increased the total ETF net assets to about 79.16 billion as per the market data accompanying.
Spot Ethereum ETFs recorded $38.09 million in net inflows during the same trading session.
Spot Bitcoin ETFs Record $227M in Net Inflows on July 20
On July 20 (ET), U.S. spot Bitcoin ETFs recorded total net inflows of $227 million, marking the fifth consecutive day of net inflows. U.S. spot Ethereum ETFs saw total net inflows of $38.09 million. pic.twitter.com/bXok2eaMkN
— Wu Blockchain (@WuBlockchain) July 21, 2026
The numbers depicted that institutional demand was still alive in the major cryptocurrency investment products.
The sustained inflows may aid in wider market sentiment in future trading sessions.
Bitcoin Price Outlook: Will BTC Reach $66,000 After This Breakout? The latest BTC price soared to $65,442, extending its recovery as buyers maintained control above the $65,000 support zone.
The four-hour chart showed Bitcoin prices between $65,140 and $65,623, with consistent demand around the latest highs. The asset increased by 3% in the previous candle, which illustrates increased purchasing activity in the market.
The MACD was bullish with its main line above the signal line. Its positive histogram also reflected positive upward momentum. The RSI, in the meantime, stood at 62, still not in the overbought range.
An established breakout at the higher end of $66,000 would open the way to $67,000 and then $68,000. Nonetheless, to maintain the short-term bullish setup, the future Bitcoin outlook will be required to maintain a value of $65,000.
Source: BTC/USDT 4-hour chart: TradingView Any drop below that support may propel BTC to $64,000. The additional weakness can reveal the exposure of the $63,000, wherein buyers might seek to recover once more.
Ripple CTO Emeritus David Schwartz has admitted that he regrets selling some of his early XRP and Ethereum holdings, while explaining that risk management drove the decisions rather than a loss of confidence in cryptocurrency.
Summary
David Schwartz says risk aversion drove early XRP and Ethereum sales despite later price gains. Schwartz followed a family agreement to sell at new highs, reducing long-term crypto exposure substantially. The XRP Ledger co-creator once held about 26 million XRP before steadily cutting holdings down. Schwartz addressed the sales in a July 20 post on X after another user raised his history of selling XRP at $0.10 and Ethereum near $1. “Obviously, I wish I hadn’t done those things,” he said.
However, he added that he had agreed with his wife to reduce exposure whenever his holdings reached new highs because he strongly disliked financial risk.
Obviously, I wish I hadn't done those things. But I agreed with my wife to sell at every new ATH and I really, really hate risk. I wish I was more comfortable with risk, but I'm just not that person.
— David 'JoelKatz' Schwartz (@JoelKatz) July 20, 2026 Risk aversion drove Schwartz’s early crypto sales Schwartz has discussed his early exits several times in recent months. In January, he said he started selling XRP when the token reached $0.10 because that price appeared extremely high at the time. He also recalled believing that XRP reaching $0.25 was unlikely, showing how different market expectations were during the asset’s early years.
His Ethereum sale followed a similar pattern. Schwartz has previously said he sold 40,000 ETH at about $1.05 each. In May, he explained that he would have held the tokens if he had believed there was even a small chance that Ethereum could later reach thousands of dollars.
“If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05,” he wrote.
If I had thought there was a 1% chance of it hitting $2,368, I would not have sold it for $1.05. I'm still not sure the odds of that happening really were more than 1% at the time. 😉
— David 'JoelKatz' Schwartz (@JoelKatz) May 4, 2026 The latest comments make clear that Schwartz now regrets the missed returns. However, his explanation centers on his personal approach to risk. Selling at new highs allowed him to reduce exposure to assets whose future prices remained highly uncertain at the time.
His decisions also covered Bitcoin. Schwartz has previously acknowledged selling much of his early Bitcoin holdings at prices far below later market levels. His comments have repeatedly presented those sales as part of a broader effort to manage volatility rather than a specific judgment that the underlying networks would fail.
Former Ripple CTO has reduced his personal crypto exposure Schwartz once held a much larger XRP position than he does. As previously reported, his historical XRP holdings peaked at about 26 million tokens. He has since reduced that exposure and said in May that he had moved much of his wealth outside cryptocurrencies, apart from his Ripple equity.
That approach means Schwartz still has financial exposure to the digital asset industry through Ripple while holding fewer cryptocurrencies directly. He has not provided a complete public breakdown of his current portfolio, making it difficult to determine exactly how much XRP, Bitcoin or Ethereum he still owns. His recent statements instead focus on the broader shift toward lower personal crypto exposure.
The strategy also explains why his early sales continued even as cryptocurrency prices moved higher. Schwartz said his agreement with his wife called for selling at every new all-time high. Such sales locked in gains while gradually lowering the share of the household’s wealth tied to volatile digital assets.
His latest remarks do not present that approach as the best strategy for other investors. Rather, Schwartz described a personal preference that favored lower risk, even when that choice meant giving up the possibility of much larger returns.
Early XRP sales return to a wider price debate Schwartz’s comments come months after his previous statements about XRP price forecasts drew attention from the community. In January, he said that selling XRP at $0.10 once seemed reasonable because even $0.25 appeared unlikely to him. The example formed part of his response to claims that XRP could eventually reach much higher price targets.
The discussion also followed renewed attention around one of his older XRP posts. As crypto.news reported in April, Schwartz rejected claims that a 2017 discussion about XRP liquidity represented a guaranteed price prediction. He said the comments explained the relationship between asset value, liquidity and transaction size rather than promising holders a specific future price.
His latest admission does not introduce a new XRP forecast. Instead, it adds personal context to his earlier trading decisions. Schwartz has repeatedly acknowledged that he underestimated how high several cryptocurrencies could rise while also maintaining a cautious approach toward extreme future price targets.
The distinction has remained central to his recent comments. His regret concerns the returns he missed by selling early, while his explanation focuses on the information and probability estimates available to him when he made those decisions.
Schwartz remains active around XRP after leaving daily leadership Schwartz stepped away from Ripple’s day-to-day chief technology officer duties at the end of 2025 and became CTO Emeritus. However, he has remained involved with the company and the XRP Ledger community. As previously reported, he said he planned to continue coding, running independent XRPL infrastructure and researching new uses for XRP.
His involvement has continued through 2026. In June, Schwartz backed the XRP Ledger 3.2.0 upgrade by updating his independent hub server. The release included changes affecting XRPL infrastructure and tools connected with decentralized finance, lending and tokenized assets.
More recently, as crypto.news reported, Schwartz continued discussing the long-running legal debate surrounding XRP and Ripple’s case with the U.S. Securities and Exchange Commission. He argued that the regulator had originally used broader language about XRP before the court later separated the token itself from the circumstances surrounding particular sales.
Schwartz’s latest comments remain focused on his own financial decisions. His early XRP and Ethereum sales produced returns at the time but left him without much of the later upside. More than a decade later, he continues to describe those decisions through the same framework: he accepts that reducing risk can also mean selling an asset long before it reaches its eventual peak.
David Schwartz, CTO Emeritus of Ripple, stated that he significantly reduced his XRP and Ethereum holdings over the years, citing a strong dislike of risk as the primary motivation behind his decision. Ripple, a San Francisco-based fintech company known for its blockchain-based payments network and the XRP cryptocurrency, has been at the center of major developments in the digital asset sector. Schwartz, recognized as a key technical architect of the company, revealed that his approach led him to miss out on substantial gains during crypto market surges.
Reducing Holdings Amid Market HighsSchwartz explained that a personal agreement with his wife required him to sell a portion of his cryptocurrency holdings each time they reached a new all-time high. This strategy, aimed at gradually lowering risk, led him to part ways with significant amounts of XRP and Ethereum during periods of price appreciation. He admitted to selling XRP at $0.10 and Ethereum at around $1, far below the peaks these assets later achieved.
Schwartz emphasized his deep aversion to volatility and risk, noting that emotional well-being influenced his financial decisions more than the possibility of outsized returns. He said that he is not comfortable taking large risks, even if it means stepping back from potential “once-in-a-generation” opportunities.
“I wish I was more comfortable with risk, but I’m just not that person. I agreed with my wife to sell at every new all-time high and I really, really hate risk,” Schwartz reflected.
According to Schwartz, maintaining financial and emotional stability took priority over maximizing wealth, even though his decisions sometimes resulted in missed profits.
Defending Probabilistic SellingFacing criticism over selling major digital assets too early, Schwartz clarified that his approach was rooted in probability and self-awareness rather than a lack of belief in the future of cryptocurrencies. He said that, for him, the high valuations projected by some in the community appeared too far-fetched to justify holding long term at higher risk levels.
If he believed there was even a 1% chance that Ethereum could reach $2,368, he would not have sold at $1.05, Schwartz explained in previous remarks.
In April, Schwartz reported that he had sold most of his remaining cryptocurrency holdings, preferring to keep the bulk of his wealth away from the volatility of digital assets. At his peak, he held approximately 26 million XRP, a stake that has been substantially reduced over time.
He also disclosed that, after liquidating his Bitcoin positions, he moved into XRP and Ethereum, but gradually converted much of his portfolio back into more stable holdings. As of his latest public statement, Schwartz holds only a small amount of crypto aside from his Ripple stock.
Looking back, Schwartz said he has accepted the possibility that he may forgo life-changing gains, but prefers the peace of mind from avoiding extreme volatility. For him, a measured approach outweighs the allure of chasing unpredictable returns.
Mini dictionary: Ripple is a technology company specializing in real-time gross settlement systems, currency exchange, and remittance networks, utilizing distributed ledger technology. XRP is its associated cryptocurrency, used for facilitating cross-border payments and liquidity.
AssetSchwartz’s Sale PricePeak Price (Historical)Peak HoldingsXRP$0.10$3.8426 millionEthereum (ETH)$1$4,878UndisclosedDisclaimer: 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.
This Tuesday, July 21, 2026, Russia is about to take a new step in the regulation of digital assets. The State Duma is indeed beginning the final reading of a bill that will regulate investors, crypto platforms, as well as cross-border payments. Analysts already see it as a double-edged strategy: attracting foreign capital without relaxing control over the domestic market.
In Brief The State Duma of the Russian Federation will examine bill no. 1194918-8 in second and third readings. The text creates the first comprehensive legal framework for digital assets in Russia, under the supervision of the Bank of Russia. If adopted, the main provisions will come into effect as of September 1, 2026. A Reform That Promises Legal Status for Crypto Assets Submitted by the Russian government on April 1, 2026, bill no. 1194918-8 is titled “On Digital Currency and Digital Rights.” It passed its first reading on April 21, 2026, with 327 votes in favor out of 340 voters. This was followed by approval by the State Duma’s financial markets committee, chaired by Anatoly Aksakov in early July. This Tuesday, July 21, it will move to second and third readings for a final vote.
Already, crypto analysts highlight two key points:
The new law legally classifies cryptocurrency as a property asset and not as legal tender. It also officially recognizes crypto-assets as property rights while entrusting supervision of the sector to the Bank of Russia. In other words, the ruble remains the only currency having legal tender in Russia. Furthermore, it is entirely possible (and legal!) to hold bitcoin, Ether, or any other crypto asset. Russians will even be able to buy or sell digital assets. However, they will not be allowed to use them to pay for everyday purchases.
For some crypto experts, the reading of this bill is thus clear: Russia considers digital assets as financial instruments rather than as currency.
Is the Russian Crypto Market on the Brink of Change? Bill no. 1194918-8 classifies crypto investors into two categories:
qualified; non-qualified. The first is a status regulated by Article 51.2 of the federal law “On the Securities Market” (law no. 39-FZ). To obtain it, at least one of the following criteria must be met:
assets or financial holdings exceeding a certain threshold (in the order of several million rubles, the threshold raised by the Bank of Russia in 2025); proven professional experience in financial markets; a diploma or specific certification recognized by the Bank of Russia; or, for legal entities, size criteria (equity, turnover) that effectively make them institutional players (insurers, management companies, investment funds…). The second group covers the vast majority of individuals. If the new crypto law is passed, they will see their investments capped at 300,000 rubles per year when purchasing crypto assets through a regulated intermediary. This represents between $3,800 and $4,000. For international transfers, the annual cap is 100,000 rubles.
Qualified investors will benefit from a more flexible regime. According to RBC, they will be able to:
acquire up to 3 million rubles worth of cryptocurrencies per year; transfer up to 1 million rubles abroad. Another key element: no purchase limit.
The Crypto Law Also Provides Enhanced Control Over Intermediaries The reform requires a license from the Bank of Russia for all crypto exchanges. The same applies to brokers, custodians, and other intermediaries. Licensed platforms could even act as tax agents. In other words, they will be authorized to directly collect income tax from crypto investors. Unauthorized exchanges could be banned starting July 2027. This date corresponds to the entry into force of the new crypto law if approved by the Duma.
As for mining, it remains under the supervision of the Federal Tax Service, not the Bank of Russia. This distinction reflects the legalization of mining by a law signed by Vladimir Putin in 2024.
An important technical detail: the bill dropped an initial requirement to disclose individual wallet addresses. Reporting will focus on balances and transaction flows.
Decrypting: private crypto wallets could interact with the licensed Russian infrastructure. However, enforcement rules remain to be clarified. The text does not name any specific crypto (neither Bitcoin, nor Ethereum, nor stablecoins). This leaves the door open to any digital currency deemed useful for foreign trade.
A Fully Assumed Crypto Strategy Analysts agree on one point: the timing of the Russian Parliament is no accident. Since 2022, Western sanctions have systematically cut Russia off from the traditional financial infrastructure. This notably includes the exclusion of certain Russian institutions from the SWIFT network. The bill thus constitutes a response to a structural constraint: making cross-border payments when conventional channels are locked.
That’s not all! The Duma vote also comes at a moment of global regulatory convergence. In the United States, the CLARITY Act is gaining ground in Congress. In Europe, the MiCA regulation is being implemented. In Asia, Singapore, Hong Kong, and Japan are refining their frameworks. Russia, for its part, chooses a distinct path: not integrating crypto into an existing financial market, but transforming it into a monetary sovereignty infrastructure.
For investors, this implies two things:
On one hand, cross-border legalization strengthens bitcoin’s status as a neutral and borderless asset. On the other hand, liquidity concentration in state operators’ hands and sanction risks limit immediate appeal. One thing is certain: through its approach, Russia reaffirms its desire to integrate crypto-assets into its financial architecture. The next closely watched step: the publication of implementing regulations by the Bank of Russia.
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
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.
Dogecoin price has held near $0.073 after whales accumulated 200 million DOGE and futures open interest climbed 3.74% to $1.08 billion.
Summary
Dogecoin whales accumulated 200 million DOGE worth roughly $14 million through Robinhood. Futures open interest rose 3.74% to $1.08 billion as derivatives volume jumped 114%. DOGE must clear $0.07539 and $0.07965 to confirm a stronger bullish reversal. CoinGlass’s three-day liquidation heatmap shows DOGE trading between large leveraged-position clusters near $0.074 and $0.071, leaving the meme coin exposed to volatility in either direction. At the time the charts were captured, Dogecoin traded near $0.0732 after gaining about 1% on the daily chart.
Dogecoin liquidation heatmap | Source: CoinGlass Market conditions offered some support, with Bitcoin holding above $64,000 and Ethereum trading over $1,870. XRP, however, remained below $1.10, indicating that gains were uneven across large-cap cryptocurrencies.
According to an X post, large Dogecoin holders acquired 200 million DOGE through Robinhood. The purchase was valued at roughly $14 million based on DOGE’s price near $0.07, adding to evidence that large wallets were buying while the price moved sideways.
Whale purchases can affect exchange liquidity and trader sentiment, although the transaction alone does not confirm that DOGE will break higher. The impact will depend on whether the acquired coins remain in long-term wallets or return to exchanges for sale.
Derivatives activity rose alongside the whale accumulation. Notably, Dogecoin futures volume jumped 114% to approximately $739.56 million, while open interest increased 3.74% to $1.08 billion.
Rising volume and open interest show that traders added exposure instead of merely closing existing positions. CoinGlass’s heatmap indicates that this leverage has formed clear liquidation targets on both sides of the current price, raising the chance of a sharp move if either cluster is reached.
Liquidity favors an initial test of $0.074 The nearest large concentration of liquidation leverage sits between approximately $0.0737 and $0.0740, according to CoinGlass. Since the upper pool is closer to DOGE’s current price, a continued recovery could force short liquidations and pull the token toward that zone.
Above it, smaller liquidity bands appear near $0.0745 and between $0.0750 and $0.0755. A move through these areas would align with the four-hour chart’s upper Fibonacci resistance at $0.07539, which represents the top of the measured range.
Dogecoin price 4-hour chart — July 20 | Source: crypto.news DOGE has already recovered the 50% Fibonacci retracement at $0.0732 on the four-hour chart. The next barriers stand at $0.0737, corresponding to the 38.2% level, and $0.0743 at the 0.236 retracement.
Momentum has also improved on the same timeframe. TradingView’s relative strength index has risen to 55.45, above its moving average of 46.42, showing that buying pressure has strengthened without pushing DOGE into overbought territory.
Aroon readings provide another constructive signal, with Aroon Up at 100% and Aroon Down at 85.71%. While the elevated readings indicate active price extremes on both sides, the fresh rise in Aroon Up supports the latest rebound from the lower end of the range.
Failure to retain $0.0732 would weaken the recovery setup. TradingView’s Fibonacci levels place subsequent support at $0.0726 and $0.0719, followed by the range floor at $0.0710.
CoinGlass data reinforces the importance of that lower boundary. The heatmap’s strongest downside liquidity pool is concentrated around $0.0708–$0.0710, where a breakdown could trigger leveraged long liquidations before DOGE tests the psychological $0.070 level.
Daily resistance still blocks a confirmed reversal Despite improving short-term momentum, TradingView’s daily chart keeps Dogecoin below the Supertrend resistance at $0.0796. The indicator has remained bearish since DOGE lost the $0.10 region in early June, making a daily close above $0.0796 necessary before the trend can be considered reversed.
Dogecoin price daily chart — July 20 | Source: crypto.news The daily MACD offers an early sign that selling pressure is easing. Its MACD line stands near minus 0.00210, above the signal line at minus 0.00255, while the histogram has turned positive at 0.00045. Both lines remain below zero, however, so the crossover has not yet confirmed sustained bullish momentum.
Commenting on the consolidation, crypto analyst CW linked the flat price action to improving internal strength.
“Strong accumulation of DOGE is occurring during the current sideways movement,” CW wrote, adding that the RSI was rising sharply and the accumulation score had reached 100.
Strong accumulation of $DOGE is occurring during the current sideways movement.
While the price is consolidating, the RSI is rising sharply.
The accumulation score is 100. pic.twitter.com/knM0h7VnZh
— CW (@CW8900) July 19, 2026 Fellow analyst Javon Marks offered a more aggressive long-term view, describing the current phase as temporary post-breakout stagnation similar to structures that preceded previous Dogecoin rallies. Marks listed targets of $0.653, above $0.70, and beyond $1.25, although those projections depend on DOGE repeating earlier macro cycles.
A separate analyst projection cited in the original market report identified a weekly double-bottom pattern and placed a possible extended target near $3.25. The same analysis treated that level as hypothetical until DOGE clears the pattern’s neckline with a decisive weekly breakout.
For the immediate outlook, the TradingView chart places $0.07539 and $0.07965 as the main upside tests. On the downside, losing $0.0710 would invalidate the current range recovery and expose the dense liquidation zone below $0.071.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Leading cryptocurrencies traded mixed on Monday as escalating geopolitical tensions curbed investors’ risk appetite.
Crypto Trading Volume SpikesBitcoin traded in the $65,000 area through most of the day as 24‑hour volume increased 92%. Ethereum continued to face strong resistance around the $1,915, while XRP edged higher.
More than $245 million in cryptocurrency positions were liquidated over the past 24 hours, with bearish shorts taking the heaviest losses, according to Coinglass data.
Bitcoin’s open interest rose 2.20% over the last 24 hours. Retail derivatives traders on Binance turned neutral on the flagship cryptocurrency, while whales stayed bullish.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.30 trillion, representing a 0.66% increase over the last 24 hours.
Stock Market Closes LowerStocks closed in the red on Monday. The Dow Jones Industrial Average slid 307.16 points, or 0.59%, to close at 51,839.26. The S&P 500 declined 0.19% to close at 7,443.28, while the tech-heavy Nasdaq Composite fell 0.05% to end at 25,508.07.
The U.S. military said it initiated a new round of strikes against Iran even as President Donald Trump said via his Truth Social that Iran would pay for the deaths of American soldiers “many times over.”
This development comes after Iranian Foreign Minister Seyed Abbas Araghchi said that the U.S. would lift its naval blockade of the Strait of Hormuz and begin releasing frozen Iranian assets.
Will Momentum Fizzle Out?Blockchain analytics firm Santiment noted that the average short-term holders of Bitcoin and Ethereum were in “slight profit,” with the 30-day Market Value to Realized Value back above 0%.
“Positive MVRVs tell us the rebound is real, while also reminding bulls that short-term gains can invite faster selloffs if momentum starts cooling,” the research firm added.
Ali Martinez, a widely followed cryptocurrency analyst and trader, stated that Ethereum must hold $1,850 as support to target the next upside at $2,300.
Photo Courtesy: Marc Bruxelle on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Dogecoin co-founder Billy Markus has dismissed concerns over the network's security model, telling critics to revisit Satoshi Nakamoto's Bitcoin white paper. The remarks came in response to a debate sparked by Dogecoin Foundation developer Paulo Vidal, who questioned whether Dogecoin relies too heavily on Litecoin for its security.
The Debate Over Merge Mining Dependency Vidal's concern centres on Dogecoin's use of Auxiliary Proof of Work (AuxPoW), the mechanism that enables merged mining. Under this arrangement, miners can secure multiple blockchains simultaneously using the same computational work. In practice, a miner solving a block on the Litecoin network can submit the same solution to Dogecoin, earning rewards on both chains without spending any additional energy. Dogecoin and Litecoin implemented merged mining in August 2014, before which Dogecoin faced potential security risks due to its smaller hashrate, making it vulnerable to 51% attacks. Within one month of the switch, Dogecoin's hashrate increased by more than 1,500% as large mining pools widened their operations.
Vidal's argument is that by not having its own independent mining base, Dogecoin's security remains tied to the activity of other blockchains. Fellow developer Chromatic X pushed back on this view, clarifying that Dogecoin does not depend solely on Litecoin but rather on all merge-mined layer-one Scrypt coins.
Markus: Miners Follow Incentives, Not Loyalty Markus, who posts on X under the handle @shibetoshi, took a straightforward position. He argued that security follows economic incentives rather than any particular blockchain allegiance. He noted that $DOGE remains the most profitable Scrypt coin to mine, adding that AuxPoW simply allows it to be mined alongside any other Scrypt coin. Calling the idea of removing merged mining "dumb and pointless," Markus argued the current model continues to make sense.
David Schwartz, director of projects and strategic partnerships at the Litecoin Foundation, has said merged mining remains Dogecoin's best option and would still be appropriate even without benefits flowing to Litecoin. The broader community remains divided, however, with the fundamental question of whether Dogecoin should be capable of securing itself independently still unresolved.
Markus also shifted the framing of the dependency question, arguing that many Scrypt miners are attracted to Litecoin precisely because it lets them earn Dogecoin at no additional cost. From a security standpoint, AuxPoW raises the cost of an attack significantly: under the merged mining model, anyone wishing to attack Dogecoin must confront the total physical hashrate of the entire Litecoin network. Whether that arrangement is a strength or a structural vulnerability remains a live question inside the Dogecoin developer community.
Sources:
Dogecoin Co-Founder Fires Back on Bitcoin Security Debate, Crypto Economy
Dogecoin Dev Clarifies How DOGE Merge Mining Works, U.Today
Case Study: Merged Mining in Dogecoin and Litecoin, Binance Research
Cardano completed the Van Rossem hard fork on July 18, upgrading the blockchain to protocol version 11 without any network downtime. This upgrade marks a significant shift for Cardano as it is the first major update ratified entirely through on-chain community governance, rather than being directed by Input Output, the blockchain’s founding development company.
Where previous upgrades were managed by Input Output, the Van Rossem upgrade was decided collaboratively by Cardano’s decentralized community. Named in honor of Max van Rossem, a Dutch Cardano contributor who passed away in October 2025, the upgrade highlights the governance system he helped design. Van Rossem served as a developer, node operator, and constitutional delegate on the Cardano network.
Three groups approved the upgrade: delegated representatives (DReps), stake pool operators, and the Constitutional Committee. DReps, who act on behalf of Cardano ADA holders, voted overwhelmingly in favor at 77.63%, passing the 60% approval requirement. Stake pool operators, responsible for running the network’s core servers, approved the fork at 52.7%, just over the 51% minimum. The seven-member Constitutional Committee, which ensures proposals align with Cardano’s founding principles, also granted approval.
Since 2024’s Chang hard fork, Cardano has been moving toward this decentralized governance structure. The subsequent Plomin hard fork in early 2025 further empowered token holders by introducing real on-chain voting rights.
Mini dictionary: DReps (Delegated Representatives), elected members who represent ADA holders in on-chain governance votes, similar to parliamentary delegates.
Technical changes and developer impactThe Van Rossem upgrade is classified as an intra-era upgrade, meaning it delivers targeted improvements without altering Cardano’s fundamental architecture. Its main focus is to reduce Plutus smart contract execution costs, giving developers the ability to deploy more complex decentralized apps and tools at lower cost.
Plutus, Cardano’s smart contract programming language, underpins decentralized finance (DeFi) apps, NFT marketplaces, and on-chain payment solutions built on the network. Alongside cost reductions, the upgrade introduces cryptographic enhancements and a security improvement mandating unique cryptographic keys for every stake pool, closing a previously known attack vector.
With protocol version 11 live, technical changes include constant-time array indexing, native handling of Value types, faster list traversal, and the implementation of new cryptographic primitives. These improvements apply to Plutus versions V1, V2, and V3, with no change to transaction structures.
ComponentBefore Van RossemAfter Van RossemSmart contract execution costHigherLowerArray indexingVariable timeConstant timeSecurity (stake pools)Shared keys possibleUnique keys requiredMarket reaction muted, upgrade paves way for future changesDespite the substantial technical and governance changes, ADA’s market price remained relatively stable. The token traded flat for three days around $0.1662, maintaining a market capitalization of approximately $6 billion. Analysts noted that while bullish traders made attempts to gain momentum, overall sentiment remained cautious. The hard fork appears to have offered some price support, preventing further declines.
Technical indicators reflected a mostly neutral to weak trend. The 50-day exponential moving average remained below the 200-day level, a configuration often interpreted as bearish. The Relative Strength Index (RSI) measured 48.8, signaling a neutral momentum, while the Average Directional Index (ADX) registered a lack of strong trend but showed early signs of a potential bullish shift.
Whale holders with balances between 100,000 and 100 million ADA increased their holdings to the highest level since 2023, according to analytics firm Santiment, while retail investors reduced exposure.
Protocol version 11 introduces smart contract cost reductions, enhanced cryptography, and a stronger security model for stake pool operators, helping pave the way for broader scalability and future upgrades.
Next steps: Ouroboros Leios and Cardano’s roadmapCardano’s next major development is the Ouroboros Leios upgrade, expected to boost the network’s transaction throughput by 30 to 65 times, with a target of over 1,000 transactions per second. The van Rossem upgrade is regarded as a key technical prerequisite for this step. The public testnet for Leios, named Musashi Dojo, launched on June 23. Charles Hoskinson, founder of Cardano, projected that Leios may reach mainnet before the end of 2026.
Input Output, the developer behind Cardano’s foundational code, recently announced plans to transition development to external specialist teams beginning in August. Van Rossem is the first protocol upgrade coordinated under this decentralized development initiative.
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.
Cardano founder Charles Hoskinson, while commenting on the sharp drop in ADA price, made important statements regarding the project’s future roadmap. Hoskinson stated that Cardano’s core infrastructure needs to come under more community control and the development process needs to be spread across a wider group of companies.
Hoskinson acknowledged that ADA has lost significant value, stating, “There has been a dramatic drop, no doubt about it.” He recalled that ADA had risen to $1.20 last year, arguing that there was considerable excitement at the time about the price potentially returning to its 2021 levels.
According to Hoskinson, the market outlook changed completely after October 10th, and the crash reinforced the view within the Cardano community that the project needed to return to its core principles.
Hoskinson argued that Cardano shouldn’t be judged solely on its price performance, highlighting the network’s track record of reliability. He stated that Cardano has earned a reputation as a blockchain that is uninterrupted, vulnerable to attacks, and operational 24/7, a reputation built on years of intensive work.
Hoskinson also stated that there is a strong demand for Cardano’s core infrastructure to eventually come under the control of the community or smaller, more agile companies. He indicated that with this transformation, he wants Input Output Group to focus its activities on the two areas where it has been most successful: developing new ventures and conducting innovation, research, and development work.
Hoskinson stated that the Input Output Group is working intensively to make open-source development activities more decentralized, and explained that their goal is for numerous independent organizations, not just a few companies, to work on Cardano’s core infrastructure.
Hoskinson added that Cardano’s Haskell-based node software is no longer the product of a single company, but is being developed with contributions from numerous companies.
*This is not investment advice.
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Cardano’s ADA price is trading near $0.1702, up by 2.4% in the last 24 hours. This follows the news of the network activating its latest major upgrade. Moreover, the move highlights the key question for investors: can the Van Rossem hard fork turn Cardano’s technical progress into real adoption? Can it trigger a sustained ADA recovery?
Van Rossem Goes Live Through On-Chain GovernanceCardano activated the Van Rossem hard fork on July 18, upgrading the network to Protocol Version 11. The transition was completed smoothly, with only a brief 10-minute block gap and no reported disruption to user funds.
The upgrade brings faster Plutus smart-contract execution, new built-in functions, updated cost models and stronger node security. These changes are designed to make smart-contract development cheaper and more efficient. As a result, this could potentially support growth across Cardano’s DeFi, NFT and real-world asset ecosystems.
However, the biggest milestone is governance. Van Rossem is the first major Cardano hard fork to be proposed, debated and fully ratified through the Voltaire on-chain governance system. There was participation from DReps, stake pool operators and the Constitutional Committee. More than 77% of delegated representatives and 52% of stake pool operators supported the upgrade.
ADA Price Still Needs Real GrowthDespite the technical milestone, the upgrade has not yet triggered a sustained ADA rally. There was a little bounce today. Technically, ADA is still showing a bearish setup. The 50-week EMA is below the 200-week EMA. ADA has an RSI of 34 pointing to weak momentum. The Average Directional Index (ADX) signals a strong downtrend. Even so, traders remain bullish. ADA futures open interest is at around $193 million and a 2.84 long-to-short ratio. This suggests most are betting on a price rebound.
That means rising developer activity, new dApp launches, higher DeFi total value locked and growing daily user activity will be crucial. Upcoming developments, including Ouroboros Leios, Hydra scaling upgrades, Mithril progress and Pyth oracle integrations, could provide additional catalysts.
Santiment Highlights Whale AccumulationOn-chain analytics firm Santiment reported that wallets holding between 100,000 and 100 million ADA now control more than 25.6 billion tokens. This is the highest level since February 2023.
✍️ TL;DR: Cardano’s key stakeholder holdings reach a 3.5 year high
📊 Metrics Used: Supply Distribution
🔗 Live Chart: https://t.co/9lzM6kxdcb
🦈 Cardano’s 100K to 100M ADA wallets now hold more than 25.6B coins, their highest level since February, 2023.
📉 Retail is doing the… pic.twitter.com/7iHLl5xyHT
— Santiment Intelligence (@SantimentData) July 13, 2026 While smaller retail wallets holding fewer than 100 ADA have reduced their holdings by around 0.7% over the past four months, larger holders have continued accumulating. Santiment said these strong hands are absorbing supply while retail sentiment remains weak.
The upgrade also comes ahead of Input Output’s planned handover of core infrastructure, including Plutus and Daedalus, to external firms from August. Ultimately, the Van Rossem upgrade strengthens Cardano’s fundamentals. ADA’s next major move will depend on whether that technology translates into real users, capital and on-chain activity.
Story Ends Here
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The Midnight ecosystem came under intense scrutiny after an unusually large transfer of NIGHT tokens triggered a sharp market sell-off, sending the token’s price tumbling.
According to on-chain analysis, a Wanchain bridge contract originally funded in December 2025 transferred 515.2 million NIGHT, the native token of Cardano’s partner chain Midnight, within just eight minutes.
Interestingly, the contract also held several other liquid assets, including Mynth, XER, and WMT, yet only the NIGHT tokens were withdrawn. This suggests that the activity specifically targeted the NIGHT asset.
On-Chain Investigation Reveals Transfer Pattern In an X thread, Cardano community investigator UTxOMaestro revealed that the 515.2 million NIGHT tokens arrived from the Wanchain bridge in four separate transfers, such as 203.0 million NIGHT, 129.6 million NIGHT, 120.4 million NIGHT, and 62.1 million NIGHT.
All four transfers reached the same wallet between 14:46 UTC and 14:55 UTC on July 20, 2026. The investigation further suggested that Wallet 1 (W1) and Wallet 2 (W2) were likely controlled by the same entity.
According to the analysis, W1 first sent 1,000 ADA to W2 before transferring 200.06 million NIGHT. W2 later returned 100.31 million NIGHT, along with ADA and USDCx, reinforcing the theory that both wallets operated under common control.
300M NIGHT Sold Across DEXs After receiving the tokens, W1 immediately began selling NIGHT across decentralized exchanges. Early estimates indicate that W1 sold around 300 million NIGHT, contributing to an initial price decline of nearly 50%.
Subsequent blockchain analysis identified several confirmed swaps, including 217.7 million NIGHT exchanged for approximately 24.02 million ADA, while 87.88 million NIGHT swapped for roughly 1.44 million USDCx.
Although a significant portion of the tokens entered the market, the liquidation remained incomplete. Investigators found that W1 transferred 200 million NIGHT to W2. At the time of analysis, W2 had sold only a small portion of those holdings, leaving a substantial amount of NIGHT unsold and creating the potential for additional selling pressure.
Rather than liquidating all of its holdings, W2 adopted a different strategy. The wallet deposited approximately 68.27 million NIGHT into the Liqwid lending protocol as collateral. It then borrowed roughly 4.364 million ADA against those holdings and transferred the borrowed ADA back to W1.
Midnight Foundation Reacts As concerns spread throughout the community, the Midnight Foundation issued an official statement clarifying that the Midnight blockchain itself had not been compromised.
According to the foundation, the incident was isolated to the Wanchain Cardano-BNB bridge, which operates as third-party cross-chain infrastructure.
The organization emphasized that Midnight’s protocol, validator network, consensus mechanism, and core infrastructure continue to function normally and remain secure. Based on current findings, the foundation sees no evidence that the incident has affected the security or operational integrity of the Midnight network.
NIGHT Remains Under Pressure Despite Rebound The large-scale selling triggered intense volatility across the NIGHT market. Earlier in the day, the token climbed to an intraday high of $0.02689 before plunging to a low of $0.01582 as the wave of on-chain selling intensified.
At press time, NIGHT is down 35.12% over the past 24 hours, currently trading at $0.0174. Notably, its daily volume is up 798% over the past day to $125.96 million.
Although NIGHT has staged a modest recovery from its lows, analysts caution that the remaining unsold holdings still pose a significant overhang. If those tokens are eventually sold, they could continue to weigh on the token’s price in the near term.
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.
Deepwater Management Managing Partner Gene Munster predicts a major enterprise and consumer hardware refresh cycle beginning in 2027, driven by resource-intensive artificial intelligence applications that demand far greater memory capacity.
Heavy AI Strains Consumer LaptopsMunster’s industry forecast stems directly from practical testing of advanced software tools. Deepwater’s in-house AI guru Doug Clinton recently spent time “pounding on Grok’s Build (command line version of Claude Code and OpenAI Codex) last weekend.”
Although Clinton found the platform’s overall results to be “impressive,” Munster pointed out that running such tools locally places an extraordinary burden on current hardware systems.
He specifically characterized the command-line AI software as “a memory hog as evidence by his laptop shutting down,” demonstrating that existing commercial laptops are not equipped to support intensive local AI workflows.
‘The Writing is on the Wall’ for Unified MemoryAs corporate and consumer AI models grow increasingly sophisticated, current memory configurations face severe operational bottlenecks. Munster explained that hardware infrastructure must evolve rapidly to prevent system failures and handle heavy software loads effectively.
“The writing is on the wall,” Munster cautioned regarding the upcoming technological shift. “In CY27 and beyond we will start to see an enterprise and consumer hardware upgrade cycle driven in part by the need for more unified memory.”
Market Beneficiaries of the Upcoming Upgrade CycleUltimately, Munster views this hardware bottleneck as a significant market catalyst, opening his analysis with “Good news for $AAPL,$HPQ, $SNDK,$WDC.”
As businesses and consumers find their existing laptops overwhelmed by advanced software, demand will inevitably shift toward next-generation devices equipped with expanded unified memory.
This transition signals a key structural growth phase for personal computing and memory chip makers alike over the coming years.
How Have Munster’s Top Memory Picks Performed?Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Bybit is trying to turn a single stablecoin into a liquidity magnet. The exchange, the world’s second-largest by trading volume, launched a limited-time RLUSD Hold & Earn program that combines boosted annual percentage rates with zero maker fees on spot trading pairs that include the Ripple-issued stablecoin, the announcement confirmed. The move targets users who want yield on idle stablecoin balances without moving funds to DeFi protocols.
RLUSD is Ripple’s dollar-pegged stablecoin, which has been steadily integrated into trading infrastructure since its launch. Bybit already lists it, and the new Hold & Earn product lets users lock RLUSD for a period to earn a boosted yield, while the simultaneous zero maker fee applies to RLUSD spot pairs—a clear bid to attract market makers and tighten order books. The program is explicitly time-limited, though the duration was not disclosed.
Competing for Stablecoin Liquidity Centralized exchanges are in a quiet but fierce race to attract stablecoin deposits. Binance, Coinbase, and Bybit each run yield programs tied to different dollar-pegged tokens. RLUSD gives Bybit an asset that is still building liquidity, and pairing a deposit incentive with zero maker fees creates a short-term boost that can reshuffle market share. The logic is simple: liquidity draws more liquidity, and flow on one stablecoin can spill into other trading pairs. This strategy arrives as the broader tokenization trend that has pushed on-chain real-world assets past $20 billion reshapes how exchanges think about collateral and settlement.
Zero Fees and Market Maker Appeal The zero maker fee sits at the center of the offer. For market makers, removing the fee on RLUSD pairs changes the spread calculation. Even small improvements in net profitability can redirect algorithmic flow, and the exchange clearly hopes that the combination of reduced cost and yield will pull in fresh order flow from institutional desks. That pitch lines up with growing institutional demand for on-chain yield opportunities that is already visible in other corners of the market.
The Yield Race and Regulatory Shadows Yield-bearing stablecoin products now straddle centralized platforms and DeFi. The Bybit offer essentially repackages DeFi-style rewards inside a custodial wrapper, simplifying access at the cost of giving up self-custody. How high the “boosted” APR is remains unknown, and such promotions often rely on subsidy rather than organic earnings, which means they can fade quickly. Meanwhile, the stablecoin yield market itself sits inside a regulatory debate that could reshape what exchanges can legally offer. The stablecoin regulation debate in the US Senate is still fluid, and any legislation redefining what counts as a security or a deposit could directly alter programs like this one.
For now, Bybit is betting that RLUSD can be a wedge to pull in sticky liquidity. The product will be judged by two numbers: how much RLUSD flows in during the promotional window, and whether the order books retain any of that depth once the incentives end. Other exchanges will be watching both figures closely.
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FATF Releases Seventh Virtual Asset/VASP Standard Implementation Update: Global Regulation Advances, but Enforcement and DeFi Oversight Still Show Significant Gaps
The international anti-money laundering standard-setter FATF (Financial Action Task Force) recently released a report stating that global regulation of virtual assets (VA) and virtual asset service providers (VASP) continues to progress, with 86% of jurisdictions having completed risk assessments and 83% having legislated to implement the Travel Rule. The proportion of jurisdictions rated “largely compliant” with R.15 rose to 34%. However, significant deficiencies remain in enforcement, VASP identification, offshore VASP regulation, and DeFi regulation. The report also warns of emerging risks such as stablecoin abuse, non-custodial wallet P2P transactions, offshore VASPs, DeFi, and AI-assisted fraud, and calls for strengthened international cooperation, risk-based regulation, and public-private collaboration.
Zilliqa: ZIL Stolen from an Exchange’s Cold Wallet, All Exchanges Notified to Temporarily Suspend ZIL Deposits and Withdrawals
The project team learned that one of its exchange partners suffered a security incident, resulting in some ZIL being stolen from a cold wallet. The incident is currently under joint investigation by multiple parties, and the specific scale and cause of the theft have not yet been disclosed. As a precautionary measure, Zilliqa has notified all exchanges to temporarily suspend ZIL deposits and withdrawals to prevent the stolen funds from being transferred or sold through centralized platforms. The team stated that further updates will be released once accurate information is available, and reminded users to only follow official channels.
White House Has Not Yet Signed the ‘Clarity Act’ Ethics Clause, Legislative Text Still Awaiting Update
The White House and Republican senators have yet to reach an agreement on the digital asset-related ethics provisions in the “Clarity Act,” leaving the bill unable to be scheduled for a Senate vote. President Trump met last week with Chief of Staff Susie Wiles, White House Counsel David Warrington, Crypto Council Executive Director Patrick Witt, Acting Attorney General Todd Blanche, and Senators Cynthia Lummis and Bernie Moreno, but the White House has not yet clarified acceptable ethical boundaries. Technical negotiations continue on the BRCA provisions in the bill and on the Agriculture Committee’s text regarding vertical integration and affiliate transactions of crypto exchanges. Law enforcement concerns that “crypto fuels money laundering and crime” are also affecting the stance of some Democratic lawmakers. If a procedural vote cannot be advanced this week, the window for passing the bill before the August recess will essentially close.
Strategy Did Not Increase Bitcoin Holdings Last Week, Injected $225 Million into Dollar Reserves
Michael Saylor’s Strategy (formerly MicroStrategy) did not purchase any bitcoin over the past week. Meanwhile, the company added $225 million to its dollar reserves, bringing its total dollar reserves to approximately $3.2 billion.
Coinbase to Launch CRCL, HOOD, MSTR Perpetual Contract Trading on July 21
Coinbase announced that it will launch perpetual contract products related to CRCL, Robinhood (HOOD), and MicroStrategy (MSTR). The platform plans to open trading for the CRCL-PERP, HOOD-PERP, and MSTR-PERP perpetual contract markets on or after 9:00 UTC on July 21 (17:00 Beijing time on July 21).
BitMine Increased ETH Holdings by 7,430 Last Week, Repurchased 5.5 Million Common Shares in the Same Period
BitMine added 7,430 ETH last week, bringing its total ETH holdings to 5,777,468 ETH, approximately 4.8% of the total Ethereum supply. The company disclosed that the total value of its crypto, cash, and other investment assets is approximately $11.5 billion, including $385 million in cash and marketable securities, 207 BTC, $180 million in Beast Industries equity, and a $58 million investment in Eightco Holdings (ORBS). BitMine has staked 4,917,189 ETH (about 85% of its ETH holdings), valued at approximately $9.2 billion based on a price of $1,879 per ETH, with current annualized staking income of about $247 million, and earns yield through its self-built MAVAN staking network. Bitmine repurchased 5.5 million common shares last week, carried out under the previously announced $4 billion share repurchase program authorization.
Foreign Media: Google’s ‘Frozen V2’ Chip Expected to Be 6–10 Times More Efficient Than Its Existing TPUs
Two people familiar with the matter revealed that Google is developing a new server chip that can directly integrate the design blueprint of its Gemini AI model, thereby enabling the company to deliver AI model services to users more efficiently. The sources said that Google hopes to leverage this new chip, internally codenamed “Frozen v2,” to alleviate the severe shortage of AI computing power. The lack of computing power has not only triggered internal resource contention but also forced Google Cloud to turn down collaborations with some external customers. According to the sources, Google employees involved in the project expect that once the chip is launched, its efficiency, measured by tokens processed per unit of power consumption, will be 6 to 10 times higher than that of Google’s current latest-generation self-developed AI chip. Engineers are still deciding the main features of the new chip and how the various components will work together. Sources said Google plans to deploy the chip as early as 2028. Alphabet (GOOG.O) rose in pre-market trading, now up 1.2%.
AI Security Control Platform Neo Completes $100 Million Funding Round Led by Andreessen Horowitz and Bessemer Venture Partners
Neo, a company founded by former SentinelOne executives, announced the completion of a $100 million funding round led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Craft Ventures and Merlin Ventures. Neo is positioned as an “Agentic Software Control” platform, providing enterprise SecOps teams with real-time inventory, capability and risk intelligence, behavioral attribution, and fine-grained policy control over AI agents, AI applications, browsers, identities, and traditional software, with native ability to intercept high-risk operations and malicious models. Gartner predicts that by 2026 the proportion of enterprise applications with agentic capabilities will rise from 5% in 2025 to 40%. Neo plans to use this funding to accelerate product development and market expansion, helping enterprises enhance security governance while adopting AI agents at scale.
Hut 8 Signs $9.8 Billion Long-Term Deal to Advance AI Data Center Expansion, Related Computing Power Stocks Rise
Bitcoin miner and AI infrastructure developer Hut 8 (HUT) has signed a second-phase 15-year lease agreement with the same investment-grade tenant, valued at approximately $9.8 billion, for its Beacon Point AI data center campus in Texas. The new agreement will add 352 megawatts of AI computing power based on Nvidia architecture, bringing the tenant’s total contracted computing power at the campus to 704 megawatts and commercializing the campus’s full 1 gigawatt of power capacity, with the total base contract value for the campus rising to approximately $19.6 billion. Boosted by this, shares of IREN, Cipher Mining (CIFR), TeraWulf (WULF), and the CoinShares Bitcoin Miners ETF (WGMI) rose simultaneously in early trading.
Exodus Lays Off 25% to Cut Costs and Focus on Stablecoin Payments and Card Infrastructure
Exodus Movement (EXOD) will reduce its global workforce by approximately 25% to cut costs and shift its business focus to stablecoin payments and card payment infrastructure. In a recent filing, the company said the restructuring is part of its strategy to build a complete payment stack platform following the acquisitions of e-money institution Monavate and crypto payment company Baanx. Exodus expects to record pre-tax restructuring charges of approximately $2.5 million to $3.5 million, primarily for severance and employee-related costs, and anticipates annual cash operating expense savings of about $10 million to $13 million through 2027. EXOD shares rose about 2.2% in early trading but remain down nearly 85% from the same period last year.
ZachXBT: TeleSwap suspected of $735,000 attack, still undisclosed 5 days later
The cross-chain bridge TeleSwap is suspected of suffering an attack exceeding $735,000 on July 15, 2026. As of July 20, 2026 Beijing time, the project team has still not publicly disclosed the incident. Shortly after the attack, TeleSwap’s Bitcoin hot wallet stopped processing transactions; about two hours ago, the attacker transferred the stolen funds into Tornado Cash, suspected of mixing. ZachXBT also disclosed suspected addresses involved and TeleSwap’s Bitcoin hot wallet address for community tracking.
Skyfall AI plans to use AI to take over SME operations, verifying feasibility of “AI CEO”
Founded by a former Microsoft AI team, Skyfall AI plans to spend up to $1 million to acquire a small B2B SaaS or e-commerce company, with an AI acting as “CEO” responsible for key decisions such as pricing, marketing, customer service, finance, and operations. The goal is to double revenue while gradually reducing human intervention. Its founders Sam Pasupalak and Kaheer Suleman believe that existing enterprise AI paths centered on LLMs and “digital employees” struggle to continuously learn in dynamic environments. Skyfall is instead developing “Enterprise World Models,” simulating the long-term impact of decisions on business by building enterprise evolution world models and latent world models, and will publicly verify in real business scenarios whether this architecture can support highly autonomous enterprises.
Superseed to abandon its own Layer2 and return to Ethereum mainnet, users need to bridge assets out before August 15
The project announced it will abandon its own Layer2 and focus on launching a self-repaying loan product on the Ethereum mainnet. The team will deploy a native lending protocol and stable asset suprUSD, and automatically repay users’ debts and improve collateral utilization through “Super Strategies” yield strategies. The native token SUPR will be used for strategy efficiency and potential fee sharing. Officials require users to bridge all assets such as USDC, USDT, oUSDT, cbBTC, OP, and ETH on the Superseed chain to other chains before August 15, 2026; after the deadline, all assets except SUPR (which will be distributed later via a subsequent contract) may be irrecoverable.
Bloomberg: Correlation between Korean stocks and Nasdaq approaches two-year high, becoming a global AI investment sentiment bellwether
As the correlation between the South Korean stock market and U.S. tech stocks continues to strengthen, global fund managers are viewing the Korean market as a leading indicator of AI investment sentiment. Monitoring the trends of Korean tech stocks such as Samsung Electronics and SK hynix before the market opens has become a new normal in the industry. The 60-day correlation coefficient between the Korea Composite Stock Price Index (KOSPI) and the Nasdaq 100 Index has risen to 0.46, close to the highest level in the past two years and about three times the five-year average of 0.16. Especially during market downturns, the sensitivity of the Nasdaq to Korean stock moves has increased significantly, with the relevant indicator hitting its highest level since 1990 on the 7th of this month.
Analyst: Declining stablecoin reserves signal liquidity contraction, Bitcoin’s breakout still lacks capital support
CryptoQuant analyst Darkfost published a note pointing out that Bitcoin has been oscillating around the $60,000 key support level for nearly 165 days, failing to hold above it and reignite upward momentum. A core reason is the lack of new liquidity in the market. Over the past 30 days, the net outflow of stablecoin reserves on Binance and Bybit approached $2.3 billion. New demand, whether flowing into Bitcoin or the broader crypto market, has been relatively weak. Exchange stablecoin reserves have been declining continuously this year. This relatively bearish market sentiment is still limiting the capital support needed for Bitcoin to break out of its current consolidation range. However, as regulatory measures such as the GENIUS Act require stablecoins to improve compliance, the decentralized nature of the stablecoin ecosystem may be weakened. In the long term, Bitcoin’s decentralized characteristics may become more prominent as a result.
Analysis: Bitcoin “volatility storm” may be coming, market could face a new round of turbulence
Market analysts are reminding traders to pay close attention to a potential Bitcoin “volatility storm” — a rapid spike in volatility — which often accompanies price declines. This warning is primarily based on the trend of Bitcoin’s 30-day Implied Volatility Index (BVIV), often seen as the crypto market’s version of the “fear index” (VIX), whose changes are influenced by options demand. Options are derivatives used by investors to hedge against the risk of sharp market fluctuations; the higher the demand, the higher the implied volatility usually is, and vice versa. Currently, BVIV is hovering in the 34%-38% range. Historical data shows this area has repeatedly been a critical juncture before volatility outbreaks, often followed by Bitcoin price pullbacks. Although past performance does not guarantee future recurrence, the market generally believes volatility exhibits mean-reverting characteristics. Typically, a low-volatility phase is easily followed by a volatility expansion, while a high-volatility phase may gradually return to stability.
Tom Lee responds to slowing ETH purchases: Due to large-scale stock buybacks
Bitmine Chairman Tom Lee stated that Bitmine’s recent ETH purchase pace has slowed somewhat due to large-scale stock buybacks during the same period. However, since launching its ETH Treasury Strategy on June 30, 2025, it has maintained a weekly ETH buying rhythm. Bitmine repurchased approximately 5.5 million common shares over the past week at an average repurchase price of $15.6156 per share, and this stock buyback will help enhance shareholder value. In addition, Bitmine’s proprietary staking business generated a yield of 2.67% (annualized) over the past 7 days, and it will continue to strengthen its digital asset treasury strategy by expanding ETH holdings and staking yields.
Analysis: Memory chip trio hit by sell-off, Samsung’s low valuation may become a new choice for investors
The share prices of the three major memory chip companies — Samsung Electronics, SK hynix, and Micron Technology — all fell this month, providing an opportunity for investors to reposition in the rapidly growing memory chip sector. The market is concerned that the current memory chip boom driven by AI demand may slow in the coming years, repeating the familiar “expansion—oversupply—downturn” pattern seen in cyclical industries. Analysts note that if investors choose to enter the memory chip sector at this stage, they need to believe that AI-driven memory demand growth can be sustained and will be able to withstand the risks brought by industry cyclical fluctuations. In terms of investment choice, one strategy is to focus on the company with the lowest valuation. Samsung currently trades at a relatively low valuation among the three major memory chip firms, potentially making it a choice for some investors seeking exposure to memory sector growth.
Arthur Hayes bought another 1,332.5 ETH 3 hours ago, worth about $2.53 million
BitMEX co-founder Arthur Hayes bought another 1,332.5 ETH ($2.53 million) 3 hours ago.
Ethereum pre-mine address dormant for 11 years activated, containing 2,000 ETH
At 03:30 Beijing time today, a dormant pre-mine address containing 2,000 ETH was activated after 11 years of inactivity. The address was worth about $620 in 2015 and is currently worth about $3.785 million.
Grayscale has submitted a Worldcoin ETF registration statement to the U.S. SEC
Grayscale has submitted a Grayscale Worldcoin ETF registration statement to the U.S. Securities and Exchange Commission (SEC). The fund will hold WLD, the native token of the World Network, as a passive investment vehicle, aiming for each share’s value to reflect the value of the held WLD minus expenses and liabilities. If approved, the ETF will list on Nasdaq, with Bank of New York Mellon serving as transfer agent and BitGo Bank & Trust as custodian.
The Russian State Duma will conduct the second and third readings of the crypto market regulation bill on July 21
Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, stated that the crypto market regulation bill will undergo its second and third readings on July 21. Aksakov said the bill will “combat the illegal use of cryptocurrencies” while providing legal space for international settlements. Under the bill, non-professional investors wishing to purchase cryptocurrencies must pass a special test, with an annual limit of 300,000 rubles, can only trade through licensed institutions, and may only buy the most liquid crypto assets. The bill was originally scheduled to take effect on July 1, but was postponed to September 1. The Duma Financial Market Committee had previously rejected multiple amendments to relax the rules, including increasing the purchase limit for non-professional investors and allowing the use of non-custodial wallets. If passed on the 21st, the bill still needs approval from the Federation Council and the president’s signature.
Trump did not sign ethics provisions, Clarity Act negotiations deadlocked
Last Thursday, President Trump held a meeting with Republican Senators Bernie Moreno and Cynthia Lummis, and White House crypto advisor Patrick Witt on the ethics provisions of the Clarity Act, but the meeting details were not disclosed. Industry sources revealed that Trump did not sign the ethics provisions at the meeting, and the two sides failed to reach agreement on any provisions, with concerns that the clauses could have adverse effects on Trump in the future. Lummis' spokesperson declined to comment, and Moreno's team and the White House did not respond. The ethics provisions are one of the last obstacles to passing the Clarity Act, aimed at restricting senior officials including the president, vice president, and members of Congress from profiting from digital assets during their tenure, with the core controversy centering on Trump’s meme coin and his family company World Liberty Financial. Politico previously reported that the current text lacks Democratic support, and Senator Ruben Gallego stated there will be no Democratic votes without strong ethics provisions. The bill text is expected to be released in the coming days, and the Senate needs to vote by the first week of August, but industry sources say the text may not be released until an ethics deal is reached.
Coinbase executive: US Democrats have added consumer protection rules to the CLARITY Act
Coinbase Vice Chairman Ryan VanGrack said that Democratic lawmakers in the US have added customer protection provisions to the digital asset market structure bill, the CLARITY Act, which is under consideration in the Senate. The new provisions are designed to ensure that digital asset trading platforms better protect consumer rights during their operations, including strengthening transparency requirements, preventing fraud, and ensuring the security of customer funds. He added that these consumer protection measures are the result of bipartisan cooperation, reflecting legislators' growing attention to the digital asset market. The bill is still under Senate review and has not yet reached the final voting stage. VanGrack's comments were made during a public discussion on digital asset regulation, and he emphasized that Coinbase supports establishing a balanced regulatory framework that both promotes innovation and protects investors.
Total marked suspicious trades on prediction market Polymarket in H1 this year about $200 million
As prediction markets like Kalshi and Polymarket become increasingly popular and scaled, the use of insider information for trading is surging. Bloomberg’s analysis of about 34,000 suspicious trades on Polymarket flagged by Polysights shows that from January to June 2026, the total volume of suspicious trades flagged on Polymarket was about $200 million, with geopolitical and war-related bets being the main driver, and Iran-related bets peaking in late February. Among the flagged trades, as many as 71% were funded through US-regulated crypto exchanges. Profits from flagged suspicious trades are highly concentrated, with the top 1% of profitable wallets reaping over half of the profits, and 57% of these wallets created within 24 hours before trading. Several cases have already triggered investigations: a US soldier was accused of using military secrets to profit over $400,000 on Polymarket; Israeli reserve soldiers were accused of using secret intelligence to bet on Iran events. Although Polymarket bans US users, users can bypass restrictions via VPN. Goldman Sachs has banned employees from trading prediction markets, and the US Senate prohibits lawmakers and staff from participating.
South Korea's KOSPI index volatility surpasses 60%, higher than Bitcoin, AI chip duopoly and leveraged ETFs the main causes
South Korea's KOSPI index volatility has exceeded 60% this year, almost twice that of the Nikkei 225, even higher than Bitcoin, known for its volatility. The Korea Exchange has triggered circuit breakers seven times this year (zero in 2025, only once in 2024). The root cause of the volatility lies in Samsung Electronics and SK Hynix, the two AI chip giants that together account for over 50% of the KOSPI market cap. The AI boom has driven their stock prices soaring, but the sector’s valuation is highly dependent on investor sentiment, while AI has yet to generate enough revenue to cover construction costs. The proliferation of leveraged ETFs has exacerbated market volatility. Korean retail investors actively use leveraged products, with over $4 billion flowing into leveraged ETFs tracking individual stocks this year, accounting for more than 70% of the daily trading volume of the related stocks, amplifying price swings. Retail investors net purchased over 100 trillion won (about $67 billion) of KOSPI stocks this year, while foreign investors net sold about $108 billion. Goldman Sachs strategists noted that “leveraged ETFs are a major risk to watch.” Although margin debt has retreated from its June peak, it remains significantly higher than the same period last year.
A new wallet withdrew 74,000 ETH from Gemini and staked all, worth about $136 million
A newly created wallet withdrew 74,033 ETH ($136.17 million) from Gemini and staked all of it.
Japanese media: US Big Five tech giants' "hidden debt" soars to $1.65 trillion
A study by Nikkei shows that with the surge in AI investment, the hidden debt of US tech giants has grown eightfold in just four years, estimated to reach $1.65 trillion. This figure exceeds their actual on-book debt, making it harder for investors to assess the associated risks. Nikkei analyzed recent financial statements and other materials of Google parent Alphabet, Microsoft, Amazon, Meta, and Oracle. Among them, Meta’s off-balance-sheet debt is particularly high, at about $420 billion, nearly three times its recorded debt.
London Stock Exchange plans to launch round-the-clock trading in H1 2027 to win back retail market
London Stock Exchange Group (LSEG) plans to launch an independent night trading venue in the first half of 2027 to win back retail investors and compete with crypto platforms that operate 24/7. Initially, this after-hours market will offer trading services for exchange-traded products (ETPs), including funds tracking UK and US stock markets.
Solv: BTC+ contract attacked due to deployer private key leak, subscriptions and redemptions expected to resume within two weeks
Solv Protocol posted on X platform stating that on July 13, the BTC+ contract on BNB Smart Chain suffered a security incident. After investigation, the attacker compromised the deployer’s private key and upgraded the BTC+ minting proxy contract on BSC, minting unauthorized BTC+ tokens. The team completed emergency response within three hours, isolated the malicious contract, and froze, burned, or isolated all unauthorized BTC+. All underlying BTC assets are safe. As a precaution, BTC+ subscriptions and redemptions have been suspended and are expected to resume within two weeks. BTC+ has never established official liquidity pools on any DEX, and users should only obtain and hold BTC+ through Solv’s official channels. The team has upgraded deployer security measures, rotated all affected access credentials and signing keys, and initiated a comprehensive external re-audit. A detailed post-mortem report will be released later.
A whale spent 20 million USDC to buy 10,500 ETH
A whale just transferred 20 million USDC into Binance, bought 10,501 ETH at $1,904, and withdrew it back to an on-chain wallet.
Trump has agreed to ethics provisions, clearing the last obstacle for the Clarity Act
U.S. President Trump has agreed to the ethics provision, clearing the final hurdle for the passage of the Clarity Act. Industry sources say that after months of negotiations, the two sides reached an agreement on the ethics provision. The provision was discussed during Trump’s July 16 meeting with Republican senators and White House crypto advisors, when no agreement was reached, but on Monday the provision was signed by Trump. The bill text is expected to be released in the coming days, and the Senate needs to vote by the first week of August. If passed, the bill will return to the House and then be sent to Trump for signature. The ethics provision was the final obstacle to the Clarity Act’s passage, and it aims to restrict senior officials such as the president, vice president, and members of Congress from profiting from digital assets while in office. The core controversy revolves around Trump’s Meme coin and his family company World Liberty Financial. White House crypto advisor Patrick Witt has postponed military training to remain at the White House to push the bill, and his deputy Harry Jung will leave in two weeks.
Robinhood Opens Its Platform to AI Agents, Users Can Authorize AI to Trade and Manage Portfolios
Robinhood announced on X that Robinhood is now open to AI agents. Users can open an agent account and connect an AI agent, authorizing it to research, trade, and manage their portfolio on their behalf. Users only need to add the Robinhood MCP server to the agent platform, and the entire setup takes less than a minute.
Anchorpoint, Led by Standard Chartered, Expected to Launch Hong Kong Dollar Stablecoin HKDAP as Soon as This Month
Anchorpoint, a fintech company formed under the leadership of Standard Chartered Bank (Hong Kong), is expected to announce the launch of a stablecoin by the end of this month at the earliest. Anchorpoint plans to launch HKDAP, a stablecoin pegged to the Hong Kong dollar. Virtual asset trading platforms including OSL Group and HashKey Exchange will serve as distributors. An Anchorpoint spokesperson told the Hong Kong Economic Journal that preparations for the phased issuance of the regulated Hong Kong dollar-pegged stablecoin HKDAP are proceeding as planned, and further updates will be announced in due course.
EUR/JPY edges higher after three days of losses, trading around 185.50 during the Asian hours on Tuesday. The currency cross is holding above both the nine-day and 50-day Exponential Moving Averages (EMAs), which reinforces a mildly bullish near-term bias.
The EUR/JPY cross is pressing into the upper end of its recent range while the 14-day Relative Strength Index (RSI) around 53 suggests constructive but not overstretched momentum. The daily chart technical analysis shows the currency cross is remaining within the ascending triangle, signalling aggressive buying pressure.
The EUR/JPY cross may find the initial resistance at the triangle’s upper boundary around 186.10. A decisive break above the triangle could trigger a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.
On the downside, immediate support sits at the nine-day EMA of 185.46, with additional backing at the 50-day EMA of 185.12 and the lower edge of the ascending triangle near 185.00. A breakdown below the triangle pattern would undermine the bullish setup, exposing the EUR/JPY cross to deeper downside toward the March 16 five-month low of 181.87 and the seven-month low of 180.81.
EUR/JPY: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
USDEURGBPJPYCADAUDNZDCHFUSD-0.04%-0.08%0.00%-0.01%-0.16%-0.41%0.00%EUR0.04%-0.04%0.06%0.03%-0.10%-0.37%0.04%GBP0.08%0.04%0.11%0.08%-0.05%-0.33%0.09%JPY0.00%-0.06%-0.11%-0.01%-0.15%-0.43%0.00%CAD0.00%-0.03%-0.08%0.01%-0.14%-0.40%0.01%AUD0.16%0.10%0.05%0.15%0.14%-0.27%0.14%NZD0.41%0.37%0.33%0.43%0.40%0.27%0.41%CHF-0.01%-0.04%-0.09%-0.00%-0.01%-0.14%-0.41% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
TRONDAO has cemented its position as one of the leading blockchain networks for stablecoin settlements in 2026, securing $9.7 billion in added stablecoin market capitalization over the past year. This surge places the network second only to Ethereum in terms of total stablecoin volume handled among blockchains.
TRONDAO rises as stablecoin settlement hubThe recent influx into the TRON network is widely attributed to its low transaction fees and significant processing capacity, making it an attractive destination for digital dollar transfers globally. According to data provided by on-chain analytics platforms such as DefiLlama and CoinMarketCap, TRON has consistently reported the highest stablecoin transaction volume outside of Ethereum.
USDT, or Tether, represents the largest portion of stablecoins circulating on TRON, fueling cross-border payment solutions and acting as a bridge for international exchanges. The network’s ability to process transactions at costs amounting to fractions of a cent while maintaining instant settlement further enhances its appeal to both institutions and retail users.
Mini dictionary: TRONDAO is the autonomous decentralized organization that governs the TRON blockchain protocol, overseeing network upgrades and ecosystem growth.
The growing popularity of TRON is particularly evident in markets where Ethereum’s mainnet fees have become prohibitive, allowing TRON to capture users and transactional volume that require affordable, efficient, and reliable settlement options.
BlockchainStablecoin Market Cap Added (1 Year)Main StablecoinKey AdvantageEthereumHigher than $9.7 billionUSDT, USDC, DAIWidest DeFi ecosystemTRON$9.7 billionUSDTLow fees, fast settlementsRegulatory focus and future directionsThe sharp rise in stablecoin activity conducted via TRON has attracted the attention of regulatory bodies, with a significant share of transactions now occurring on a single chain. This trend highlights the ongoing competition among Layer-1 blockchains for dominance in stablecoin liquidity—a critical indicator of ecosystem utility and adoption.
TRONDAO’s next steps reportedly include deepening partnerships with compliant stablecoin issuers and supporting decentralized finance (DeFi) protocols, aiming to enable broader possibilities for stablecoin utilization within the network beyond basic settlements.
Market observers have pointed out that the strong demand for on-chain dollar assets during times of global financial uncertainty has contributed to TRON’s expanding role, especially within enterprise blockchain use cases.
At the same time, observers have expressed concerns about the network’s reliance on a single stablecoin and the corresponding risks of centralization, which may create compliance vulnerabilities as institutional participation grows.
Outlook for TRON in emerging marketsCost efficiency continues to benefit both retail users and institutions operating in emerging economies, where affordable USDT transfers are crucial. In many cases, withdrawal fees from exchanges have dropped as more transactions shift to the TRON network.
Layer-1 competition in the stablecoin sector, as reflected in TRON’s performance, is expected to remain a key metric for assessing blockchain utility and overall network health.
As TRONDAO moves forward, its commitment to infrastructure development and regulatory compliance is expected to shape the evolving landscape of stablecoin settlements and DeFi activity.
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.
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.
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OKX launches RLUSD holding yield activity, with annualized yield up to 10%
According to official announcements, OKX will launch the RLUSD Holding Yield Program on July 21, 2026. Users holding RLUSD will automatically earn holding yields without requiring subscription, redemption, or asset locking; the first 2,000 RLUSD of each user’s holding will enjoy a 10% annualized return. Additionally, VIP users can receive an annualized return of up to 4.1% with no cap on their holdings, while regular users will get a 3.5% annualized return. Rewards can be distributed in either RLUSD or XRP, and users can participate in the program and check their holdings and earnings via the "Earn" — "RLUSD Rewards" section in their OKX accounts. It is noted that RLUSD is a U.S. dollar-pegged stablecoin issued by Standard Custody & Trust Company, a subsidiary of Ripple.
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Nikkei 225 index gains widened to 3%
According to Bitget market data, the Nikkei 225 index continued to rise in late trading, gaining 3% intraday and currently trading at 66079.56 points.
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ZHIPU has rebounded 31% from its recent low, with new short positions opened against the trend losing nearly 40% of their principal.
According to Hyperinsight monitoring, ZHIPU on Hyperliquid saw a sharp rebound today to $149.52, with a 31.1% gain from its intraday low to high. As of press time, ZHIPU trades at $146.71. Background: Zhipu (ZHIPU) completed a placement of 19.78 million new H shares on July 13. On July 17, Moonshot AI released its 2.8-trillion-parameter open-source model Kimi K3, which intensified market concerns over China’s large language model competitive landscape, leading to a sustained slump. The stock price halved after the H-share offering, and today it has recouped a portion of those losses. During this rebound, an address starting with 0x52e6 took a contrarian short position early today, with all orders opened at the midpoint of the rally. The address initiated shorts when the stock rose ~12% from its low, adding to positions from $127.5 to $143.2. The position then saw continued gains before noon, leaving only ~$17 of buffer to its liquidation price. It currently holds ZHIPU short positions with 5x isolated margin, worth ~$198,700, with a liquidation price of ~$163.83. The position has an unrealized loss of ~$14,100, a return of ~-38.1%, and has nearly lost 40% of its initial margin. Monitoring shows that, aside from this largest loss-making position, there are 7 new ZHIPU positions exceeding $50,000 opened in the last 2-3 hours during today’s rebound—all short positions, totaling ~$953,200 in value, all currently underwater with a combined unrealized loss of ~$70,800. In contrast, among long positions exceeding $100,000, the average cost is ~$149.66, only ~2% above the current price. Currently, only the largest long position near $159.41 faces real liquidation pressure; the cost lines of the other four long positions have already been reclaimed by the current price.
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Spot silver's intraday gain has expanded to 3%
According to Bitget's market data, spot silver's intraday gain has widened to 3%, now trading at $58.1 per ounce.
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Cloud computing startup Fluidstack secures $830 million in Series A funding at a $7.5 billion valuation.
According to official sources, cloud computing startup Fluidstack closed an $830 million Series A funding round in January this year, valuing the company at $7.5 billion. The round was led by Situational Awareness, with participation from multiple prominent investment firms. The company primarily provides infrastructure for leading AI labs, aiming to accelerate the deployment of ultra-large-scale computing power and support the rollout of hundreds of gigawatt-level computing resources.
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UK Parliament Launches Investigation Into Banking Services for Crypto Industry
The UK Parliament’s cross-party Digital Assets Group has launched an investigation into banking services for the local crypto industry. The probe will focus on assessing the difficulties crypto firms face when opening and maintaining bank accounts, as well as the restrictions banks impose on crypto asset-related transactions.
Allium Labs has launched a real-time data tracking platform dedicated to Stellar Lumens (XLM), providing open access to live on-chain statistics. Users can now monitor smart contract activity, transaction fees, and active address counts for the Stellar network.
RWA Adoption on Stellar Reaches New MilestonesA major focus of Allium Labs’ platform is its deep analysis of Real World Assets (RWAs) on Stellar. Current data shows that the number of RWA holders has surpassed 12,538, while the total market capitalization for tokenized real assets on the network has climbed to $3.10 billion. This marks a dual milestone for Stellar, which has registered a 300% increase in RWA market value this year.
Spiko, a key player in the ecosystem, leads custody handling with $1.2 billion under management. This figure includes substantial holdings of government debt and Euro-denominated Treasury bills. The majority of Spiko’s portfolio consists of tokenized near-term European government securities and a fund tracking short-term Euro rates.
Franklin Templeton, an American asset management firm, and the German company Bitbond Finance GmbH are also active in Stellar’s RWA segment, with growing participation. The Depository Trust & Clearing Corporation (DTCC) has reportedly announced plans to integrate part of its $114 trillion traditional securities market into the Stellar network by the first quarter of 2027.
Mini dictionary: The Depository Trust & Clearing Corporation (DTCC) is a leading US financial market infrastructure provider that handles settlement and clearance of securities worth trillions of dollars annually, playing a vital role in global capital markets.
EntityRoleAssets on StellarSpikoCustody handler$1.2 billionFranklin TempletonAsset managementGrowing presenceBitbond Finance GmbHFinance/TokenizationGrowing presenceDTCCSecurities infrastructureTo be deployed in 2027Trading Metrics Reflect Cautious MomentumInstitutional interest in Stellar is rising, leading some long-term investors to hope for an upward breakout in XLM’s price. Such moves are often accompanied by price consolidation after a drop and visible support from high-volume traders, commonly referred to as crypto whales. On the 4-hour chart, Stellar’s price appears to be gaining strength, with the Chaikin Money Flow (CMF) currently at 0.12.
In contrast, the one-hour price chart for XLM recently signaled a short-term sell-off, while the daily chart remains flat, with the CMF indicator showing a neutral reading of zero. Market analysts have connected this uncertainty to broader geopolitical tensions and the general sideways movement in commodity assets such as gas and gold.
Still, further growth in Stellar’s RWA sector could set XLM apart from the broader market, where caution persists even as Bitcoin (BTC) has returned above $65,600. Over the past two months, BTC has shown a tendency to fall back to $60,000 after brief rallies.
AssetRecent PeakKey SupportBTC$65,600$60,000XLM$0.19 (barrier)$0.19Stellar’s Role in On-Chain FinanceStellar’s network has gained attention for transforming traditional assets, such as money market funds and Treasury bills, into digital tokens that can be traded around the clock. Spiko’s $1.2 billion contribution has positioned the network among the top platforms for tokenized real assets, especially in Europe-focused funds.
Real-world yield products, including European treasury exposure and overnight funds, are now available as digital tokens with low fees and high accessibility. Increased adoption of on-chain assets boosts network activity and demand for XLM, which serves as Stellar’s native token and main transaction bridge.
These developments suggest strong fundamental momentum, but a broader rally for XLM remains dependent on sustained volume and overall market support.
Stellar’s RWA market cap hit $3.10 billion, with over 12,500 holders—a 300% increase this year, fueled by major players like Spiko and incoming participants such as the DTCC.
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.
Stellar’s native token, XLM, is trading at $0.1878, reflecting a modest 0.21% decline in the past day. Although price action remains subdued, network activity is drawing attention following the launch of an Allium-powered dashboard that tracks real-time metrics on the Stellar blockchain.
Network Expansion and Real-Time TrackingThe introduction of the Allium dashboard enables users to monitor Stellar’s network performance with detailed data, including active addresses, smart contract operations, and real-world asset (RWA) issuance. This new interface also offers a comprehensive view of RWA market capitalization growth, highlighting the increasing volume of tokenized assets on the network.
With increased transparency and easier monitoring, market participants can now track the evolving RWA ecosystem and its impact on Stellar’s broader utility. The launch of such tools comes as Stellar seeks to move beyond its core payment features and further establish its role in asset tokenization and decentralized finance.
CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
Among the visualizations available, the dashboard spotlights the steady rise in RWA market value over time, indicating that more tokenized assets are being issued on the Stellar network. These developments point to a maturing ecosystem with growing applications in both payment solutions and broader asset management.
With the new dashboard, users have access to real-time data on active addresses, contract operations, and network fees, as well as detailed insights into RWA issuance, including breakdowns by asset issuer.
Key Resistance and Market StructureTechnical indicators show XLM encountering resistance at $0.2154, while maintaining support near $0.1845—a level that buyers have held several times in July. The lack of clear directional movement leaves XLM in a consolidation phase, with traders closely watching for a breakout.
The On-Balance Volume (OBV) indicator registers at approximately 37.09 billion and continues to trend higher, pointing to relatively steady buying interest even as price momentum stalls. TradingView charts illustrate that for now, the bullish outlook remains valid as long as the critical support holds.
Recent liquidation data from CoinGlass suggests that leveraged trading has subsided, with large liquidation events seen in June giving way to a more stable environment in July. Lower leverage typically shifts market moves from forced liquidations to organic spot trading, allowing price action to better reflect investor sentiment.
Should XLM break above $0.2154, bullish momentum may strengthen and spark additional buying, while a drop below $0.1845 would present downside risk and could trigger further selling pressure.
Healthy Participation Amid Price StagnationDefiLlama data shows Stellar’s total value locked (TVL) has hovered near $220 million throughout July, while active address counts remain elevated relative to previous months. This ongoing engagement suggests that users are still participating in network activities, despite muted price action.
With XLM yet to break key resistance, traders are closely monitoring whether buyers can regain control and drive further gains. The combination of expanding RWA activity, robust user engagement, and improving structural stability continues to shape the outlook for Stellar’s ecosystem in the coming days.
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.
Ripple (XRP) and Stellar (XLM) trade within tight ranges on Tuesday as traders await the next directional move. XRP’s technical indicators suggest bearish momentum is fading, while XLM continues to consolidate near a critical support zone. Mixed derivatives metrics highlight growing market indecision, raising the likelihood of a volatile breakout in either direction in the coming days.
Derivatives positioning shows mixed biasDerivatives data shows mixed sentiment. CoinGlass’ long-to-short ratio for both XRP and XLM reads 0.88 and 0.81, respectively, on Tuesday. The ratio being below one, indicates bearish sentiment, as traders are betting the assets' prices will fall.
XRP long-to-short ratio chart. Source: Coinglass
XLM long-to-short ratio chart. Source: CoinglassMeanwhile, the funding rates show a positive bias for both altcoins. XRP funding rates flipped positive on July 14 and continue to remain in bullish territory, reading 0.0081% on Tuesday. Similarly, for XLM, the metrics turned positive on Monday, reaching 0.0068% on Tuesday. These positive rates indicate that longs are paying shorts and project bullish sentiment.
XRP funding rate chart. Source: Coinglass
XLM funding rates chart. Source: CoinglassOn-chain data shows mixed sentimentCryptoQuant’s summary data shows mixed bias. XRP’s spot and futures markets show large whale orders with neutral conditions in other metrics, supporting a potential recovery.
However, XLM shows selling-side dominance in both markets with large whale orders, hinting at cautious sentiment among traders and capping any potential recovery.
XRP summary data. Source: CryptoQuant
XLM summary data. Source: CryptoQuantXRP technical outlook: Fading bearish strengthXRP price trades at $1.11 on Tuesday after a slight recovery in the previous day. However, XRP is holding below the short-, medium- and long-term Exponential Moving Averages (EMAs), which keeps the near-term bias capped despite improving momentum. The 50-day EMA at $1.14 and the 23.6% Fibonacci retracement at $1.13 sit just overhead as immediate resistance, while a mid-range Relative Strength Index (RSI) around 51 and a positive Moving Average Convergence Divergence (MACD) histogram hint that selling pressure is easing rather than reversing.
On the topside, initial resistance is clustered between the 23.6% Fibonacci retracement at $1.13 and the 50-day EMA at $1.14, followed by a broader structural band around the 38.2% Fibonacci retracement at $1.21 and the 100-day EMA at $1.23. Higher up, the 50% retracement level at $1.27 and the horizontal barrier at $1.28 precede deeper retracement resistance at $1.34, marking a more distant ceiling.
On the downside, immediate support is defined by the psychological horizontal floor at $1.00, where buyers would be expected to defend the broader bullish cycle.
XLM technical outlook: Consolidates around key support zonesXLM price trades at $0.187 on Tuesday, consolidating below the key 50-day and 100-day EMAs around $0.187, keeping the near-term bias bearish despite a slight improvement in momentum. Price is marginally above the 100-day EMA at $0.187, hinting at tentative underlying support, while the RSI is near 47 and a mildly positive MACD reading suggests consolidative rather than impulsive selling pressure at current levels.
On the topside, immediate resistance is seen at the 50-day EMA at $0.189, followed by the 200-day EMA at $0.196 and the 61.8% Fibonacci retracement at $0.200.
On the downside, initial support comes from the 100-day EMA at $0.187, ahead of the horizontal floor at $0.177 and the 78.6% Fibonacci retracement at $0.173, with a deeper cushion only at the $0.142 horizontal level if bearish pressure resumes.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Chainlink, a leading decentralized oracle network, is maintaining its bullish structure as buyers continue to defend a critical accumulation zone. Market participants have interpreted this trend as a sign of confidence in the token’s long-term outlook, further supported by a recent partnership with United Stables, a growing stablecoin issuer.
LINK sustains momentum after recent gainsLINK is currently trading at $8.52. Over the past 24 hours, trading volume has reached $221 million, with a total market capitalization of $6.38 billion. Following a 2.27% increase in price during this period, analysts have identified positive signals in LINK’s price structure and ongoing network adoption.
Crypto analyst Moe stated that LINK retains a higher-timeframe bullish structure, despite a recent pullback that brought the token back to a long-term accumulation zone. This area had previously served as support during the bear market, and renewed buyer interest has reinforced optimism around LINK’s price trajectory.
Market experts note that maintaining this consolidation range can reinforce bullish momentum and may drive LINK above $100, provided buyer interest persists and broader crypto market conditions remain favorable.
The token’s ability to defend key accumulation areas is being watched closely as a potential catalyst for further gains.
United Stables partners with Chainlink for cross-chain expansionUnited Stables, a stablecoin project with a circulating supply exceeding $1 billion, has chosen Chainlink as its official data oracle and provider for cross-chain infrastructure. This partnership aims to support the expansion and interoperability of the United Stables ecosystem across DeFi platforms.
United Stables selected Chainlink due to its institutional-grade security and infrastructure, which the company sees as essential for stablecoin adoption at global scale. Integration of Chainlink’s protocol will enable United Stables to facilitate secure cross-chain communication, improve data accuracy, and increase trust among both developers and users.
Mini dictionary: Chainlink is a protocol that connects smart contracts to off-chain data through decentralized oracles, enabling secure and verifiable data feeds for blockchain networks.
The partnership is expected to help United Stables’ $1 billion stablecoin reach additional decentralized finance use cases and networks, particularly on BNB Chain.
ProjectRoleMain FocusChainlinkData oracle & cross-chain infrastructureEnabling secure DeFi connectivityUnited StablesStablecoin issuerExpanding stablecoin reach in DeFiIntegration of Chainlink’s technology is designed to boost United Stables’ interoperability and accessibility, fostering greater adoption within the decentralized finance sector.
Outlook for LINK and continued market momentumThe combination of bullish price momentum and expanding network integrations has contributed to a positive outlook for LINK. The token is increasingly seen as a key asset for institutional-grade DeFi infrastructure.
If LINK maintains its price above major accumulation levels, analysts expect bulls to target higher resistance zones, which could drive further upside in the current market environment.
Growing institutional partnerships, along with broader market interest, could drive additional capital into LINK, reinforcing its position as a central player in the decentralized data and infrastructure ecosystem.
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.
