Jito DAO just put its money where its tokenomics are. The protocol has introduced JIP-38, a governance proposal that would channel 100% of Jito’s 80% revenue share from its upcoming JTX Trade platform directly into automated buybacks and burns of the JTO token, with a minimum commitment of one year.
What JIP-38 actually does The mechanics are straightforward, even if the implications are not. JTX Trade, Jito Labs’ forthcoming self-custodial trading terminal built on Solana, will generate trading fees. Under the current structure, Jito DAO receives an 80% cut of those fees.
JIP-38 proposes taking that entire 80% share and routing it into a programmatic mechanism called a Rev Splitter. The Rev Splitter would automatically purchase JTO tokens on the open market and then burn them, permanently removing them from circulation.
In English: every dollar of fee revenue Jito earns from JTX Trade gets used to buy JTO and destroy it. No treasury allocation debates, no discretionary spending. Just automated supply reduction, running for at least one year through Q4 2027.
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The on-chain nature of the Rev Splitter means anyone can verify the buybacks in real time.
JTX Trade and Jito’s product evolution To understand why JIP-38 matters, you need to understand what JTX Trade represents for Jito’s broader strategy. The protocol built its reputation on Solana infrastructure: the Jito Block Engine handles MEV (maximal extractable value) optimization, and JitoSOL is one of the most widely adopted liquid staking tokens on the network, used by entities as large as Coinbase.
JTX Trade is a self-custodial trading terminal designed for what Jito describes as “pro-retail” users, essentially experienced individual traders who want institutional-grade tools without giving up custody of their funds. The platform was announced in May 2026, with a launch window targeting July 2026.
Initially, JTX Trade will focus on spot trading. The roadmap extends into perpetual futures and even prediction markets.
The buyback playbook in DeFi JIP-38 didn’t emerge in a vacuum. Jito’s community has been debating fee allocation strategies for months. A previous proposal, JIP-24, also centered on routing fees toward buybacks, suggesting this is a conversation the DAO has been iterating on rather than a sudden decision.
By locking in the policy for at least one year, Jito is essentially telling the market: we believe JTX Trade will generate enough fees to make this worthwhile, and we’re willing to stake our treasury allocation on that conviction.
What this means for JTO holders and the broader market For current JTO holders, if JTX Trade generates substantial trading volume, the automated buybacks create persistent buying pressure on JTO while simultaneously removing tokens from circulation.
There’s also a governance dimension worth watching. JIP-38 positions Jito as one of the most explicitly “shareholder-friendly” DAOs in crypto. By making every fee dollar traceable and every buyback verifiable on-chain, the protocol is creating a level of financial transparency that most traditional companies would struggle to match.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jito has published JIP-38, a governance proposal that would formally designate the protocol as a token-centric network, under which all major network revenues will flow to the DAO and be governed by JTO token holders.
The only exception is 20% of JTX platform fees, which will continue to be reinvested in JTX development, according to the proposal posted on July 13.
JIP-38 is now live.
Value should live with the Network. This proposal formally establishes Jito as a token-centric network, committing 100% of the Jito DAO's revenue share from @JTX_trade to programmatic buyback and burns of $JTO for at least 1 year from JTX launch.
— Jito (@jito_sol) July 13, 2026
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The plan would commit 100% of the DAO’s JTX revenue share to open-market JTO buybacks and permanent token burns for a minimum of one year through Q4 2027.
As noted, buybacks would be executed automatically through a Rev Splitter mechanism overseen by the Dev Council, while governance documentation would be updated to reflect the network’s token-centric policy.
JIP-38 also outlines governance and implementation measures including updating official governance documentation to reflect Jito’s token-centric model, progressively automating the Rev Splitter, and completing existing revenue allocation mandates before conducting a comprehensive review of all protocol fee streams in Q4 2027.
That review will evaluate the effectiveness of buybacks, growth incentives, and other capital deployment strategies, after which JTO holders will determine the network’s next long-term revenue allocation framework through governance voting.
According to the proposal, this framework is intended to ensure that the value generated by the network accrues to the token rather than external corporate entities.
JTO surged as much as 8% shortly after the team unveiled JIP-38, per CoinGecko.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Jito has proposed a governance overhaul that would direct 100% of the DAO’s JTX revenue share toward open-market JTO buybacks and permanent token burns through at least Q4 2027.
Summary
Jito has proposed using DAO revenue for JTO buybacks and permanent token burns through Q4 2027. JIP-38 would place most protocol revenue under DAO control, with JTO holders governing allocations. JTO rose as much as 8% after the governance proposal was unveiled, according to crypto.news. According to a governance proposal published by Jito on July 13, the protocol has introduced JIP-38, which would formally classify Jito as a token-centric network where nearly all major network revenue flows to the decentralized autonomous organization and remains under the control of JTO token holders.
JIP-38 is now live.
Value should live with the Network. This proposal formally establishes Jito as a token-centric network, committing 100% of the Jito DAO's revenue share from @JTX_trade to programmatic buyback and burns of $JTO for at least 1 year from JTX launch.
— Jito (@jito_sol) July 13, 2026 The proposal triggered an immediate market reaction, with Jito (JTO) climbing as much as 8% shortly after its release, according to data from crypto.news.
Revenue would be redirected to JTO holders Under JIP-38, Jito proposes using the DAO’s entire share of JTX revenue to buy JTO tokens on the open market before permanently removing those tokens from circulation. According to the proposal, this arrangement would remain in place for at least one year, extending through the fourth quarter of 2027.
One exception remains in the framework. The proposal states that 20% of JTX platform fees would continue to be reinvested into JTX development rather than being allocated to buybacks and burns. Jito said the remaining major revenue streams would continue flowing through the DAO under governance controlled by JTO holders.
To carry out the program, the proposal calls for buybacks to be executed automatically through a Rev Splitter mechanism overseen by the project’s Dev Council. Alongside the automation process, Jito plans to update its governance documentation so the protocol’s operating model formally recognizes the token-centric structure.
According to JIP-38, existing revenue allocation commitments would be completed before a comprehensive review of protocol fee streams takes place in Q4 2027.
During that review, governance participants would evaluate the performance of token buybacks, ecosystem incentives, and other capital allocation methods before JTO holders vote on the network’s next long-term revenue framework.
Governance changes extend beyond token burns Beyond the buyback program, JIP-38 outlines several operational changes intended to support the new revenue structure. According to the proposal, the Rev Splitter would become progressively more automated while governance records would be updated to match the revised economic model.
Jito also stated in the proposal that the framework is designed so value generated across the network accrues to the JTO token instead of external corporate entities. Any future changes to revenue allocation after Q4 2027 would require approval through governance voting by JTO holders.
The proposal arrives as Jito continues expanding its presence across the Solana ecosystem. Earlier this year, as previously reported by crypto.news, 21Shares launched the 21Shares Jito Staked SOL ETP (JSOL) on Euronext Amsterdam and Euronext Paris.
The issuer said the product provides regulated exchange-traded exposure to Solana through JitoSOL while embedding staking rewards, allowing investors to access the asset through traditional brokers and banks without managing wallets or staking infrastructure.
Institutional support for the protocol has also grown over the past year. As previously reported by crypto.news, Andreessen Horowitz’s (a16z) crypto division invested $50 million in Jito to help expand the Solana staking protocol’s ecosystem.
The investment included an allocation of JTO tokens to the venture firm, adding another high-profile backer as the protocol seeks approval for its latest governance proposal.
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.
Jupiter just teamed with Collector Crypt to launch onchain gacha packs to its millions of users.
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Jupiter unveiled Jupiter Gacha today, a beta release that lets users rip digital packs containing real, graded Pokémon and One Piece cards that are vaulted slabs tokenized onchain and instantly tradeable on the leading Solana DEX.
Notably, the launch is powered by a partnership with Collector Crypt, the current heavyweight of the onchain gacha scene.
Introducing Jupiter Gacha
Real graded Pokémon & One Piece cards, fully onchain.
Every pull is an authenticated slab, the same cards you chased as a kid, now tradeable on Jupiter.
You can pull cards worth multiples of what you paid AND earn up to $100,000 rewards while you do… pic.twitter.com/Yyrsif62Fv
— Jupiter (@JupiterExchange) July 13, 2026 What's the Scoop?The mechanics: Every Jupiter Gacha pull yields an authenticated, PSA-style graded slab that can be worth multiples of the pack price, and Jupiter is dangling up to $100k in rewards for early users who participate in the beta and climb the product's leaderboard.The partner: Collector Crypt processed over $209M in gacha spends in June 2026 alone, nearly two-thirds of the category's record $324M month. This deal plugs the vertical's dominant player directly into Solana's largest DEX frontend.The pattern: Jupiter keeps positioning itself as Solana's RWA gateway; Securitize also recently tapped the DEX for its tokenized stocks rollout. Tokenized trading cards are on the cultural side of RWAs, yet onchain gacha activity has doubled since March, so Jupiter is clearly taking this category seriously. Now, we'll have to see if other DEXes get inspired to make similar integrations.Tokenized Trading Card Gachas Blow Past $300M in June on Bankless
June marked a new ATH for onchain gacha spending volume, the category’s fourth record month running.
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MEXC, a pioneer in 0-fee digital asset trading, announced the addition of five Ondo tokenized stock and ETF trading pairs to its spot market, the latest expansion of its ongoing collaboration with Ondo Finance. The new pairs cover the semiconductor, energy and AI infrastructure sectors, expanding the range of tokenized U.S. equities available to users and allowing them to trade these assets using USDT.
The trading pairs include tokenized stocks and ETFs tracking Direxion Daily Semiconductor Bull 3X ETF (SOXLON/USDT), Direxion Daily Semiconductor Bear 3X ETF (SOXSON/USDT), Halliburton (HALON/USDT) and Core Scientific (CORZON/USDT), all now open for trading on MEXC’s spot market.
SK hynix completed its Nasdaq listing on July 10, 2026, raising $26.5 billion in one of the largest U.S. listings this year, with shares initially trading under the ticker SKHYV before switching to SKHY on July 13, 2026. The company is a leading global supplier of high-bandwidth memory (HBM) chips, a component in high demand amid the expansion of AI infrastructure. To meet user demand for trending U.S. stocks, MEXC will add SKHYON/USDT, tracking SK hynix (Nasdaq: SKHY), to the spot market at 13:30 on July 13, 2026 (UTC).
Ondo Finance focuses on bringing traditional financial assets on-chain through compliant infrastructure, allowing users to access assets such as U.S. Treasuries, stocks and ETFs in a blockchain-native format, with each tokenized asset backed by the corresponding underlying security held through regulated custodial brokers. This deepened collaboration with Ondo reflects MEXC’s continued build-out in the tokenized real-world asset space. As a one-stop trading platform, MEXC provides users with diverse access to global markets, offering both Ondo’s tokenized stocks and RealStocks, a product that allows users to hold real share ownership and dividends.
About MEXC MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
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Hyperliquid, a decentralized derivatives exchange, saw its total open interest climb to an all-time high of $11.07 billion on July 13, 2026, according to data from DeFiLlama, cited by Wu Blockchain. The platform’s open interest later settled slightly lower at $10.88 billion, but remained near record levels, indicating robust participation in derivatives trading.
Elevated open interest signals strong activityDeFiLlama, which tracks decentralized finance market metrics, reported that Hyperliquid’s open interest reached its peak for the year as traders kept substantial positions open. Open interest reflects the total value of active derivatives contracts that have yet to be settled or closed out.
Analysts noted that open interest levels above $11 billion indicate strong engagement from market participants, despite minor pullbacks after the spike. Open interest, on its own, does not distinguish between the betting direction of traders; it merely highlights the aggregate capital locked into ongoing contracts.
Open interest gauges not only the activity within derivatives markets but also signals broader leveraged exposure across decentralized finance, irrespective of price direction or momentum.
Market observers continue to compare open interest data with factors like trading volume and price movements to assess risk and leverage in the ecosystem.
HIP-3 and RWA markets drive growthWu Blockchain added that HIP-3 markets contributed approximately $3.69 billion to Hyperliquid’s total open interest, setting a new record for that segment on the decentralized exchange. HIP-3 represents a category of perpetual futures tracking multiple assets, expanding the range of products offered on Hyperliquid.
In addition, MSB Intel reported that real-world asset (RWA) open interest on Hyperliquid surged to about $3.6 billion. This milestone put a spotlight on increased demand for tokenized traditional assets in decentralized trading platforms.
Mini dictionary: RWA (Real-World Assets): Tokenized representations of traditional assets such as commodities, securities, or credit products, traded on blockchain-based platforms.
Institutional interest in tokenized asset derivatives is pushing RWA open interest to new highs, with $3.6 billion reached on Hyperliquid and a total platform open interest of $11 billion for 2026.
The expansion in RWA-based derivatives highlights growing appetite for exposure to non-crypto instruments within decentralized finance. However, analysts emphasize the continued need for effective liquidity monitoring and risk controls as volumes expand.
MarketOpen InterestRecord DateTotal (Hyperliquid)$11.07 billionJuly 13, 2026HIP-3$3.69 billionJuly 13, 2026RWA$3.6 billionJuly 13, 2026Technical levels and future outlookCharts show that Hyperliquid open interest has rebounded sharply from early 2026 lows near $5 billion, forming higher highs and higher lows throughout the year. Analysts point to resistance zones between $11 billion and $12 billion, with a breakout above this level potentially opening the door to targets near $13 billion to $15 billion. The historical peak region between $15 billion and $16 billion also serves as a reference for future movements.
On the downside, initial support lies between $9 billion and $9.5 billion, while a further decline could find stability near $6 billion to $7 billion. These key technical areas may influence trader behavior and leverage deployment across Hyperliquid’s markets.
Hyperliquid’s recent surge in open interest and record-setting performance in both HIP-3 and RWA markets demonstrate the evolving structure and growing sophistication of decentralized derivatives trading in 2026.
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.
Galaxy Digital CEO Mike Novogratz has stated that cryptocurrency volumes have increased by 20% to 30% from previous lows, suggesting a renewed enthusiasm in the market. He highlighted that smaller positive developments are contributing to this upswing. Novogratz’s remarks align with recent data indicating a 19% rise in centralized exchange volumes, a notable growth over four consecutive months. Additionally, Robinhood Chain, an Ethereum Layer 2 network, reported significant usage, surpassing Hyperliquid’s activity on its launch day. This surge in activity on new platforms like Robinhood Chain reflects a shift in liquidity, potentially affecting the dynamics within the crypto market.
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Key Takeaways Novogratz’s statement suggests a positive shift in crypto market sentiment, with volumes increasing significantly from recent lows. Robinhood Chain’s debut highlights a migration of liquidity toward emerging networks, surpassing established platforms like Hyperliquid. Market participants appear encouraged by these developments, indicating a shift from speculative interest to practical use cases. What to Watch Observers will be keen to see if the increase in volumes sustains and influences the broader market, particularly in relation to Hyperliquid’s performance. Any further announcements from major platforms like Robinhood or strategic partnerships involving Hyperliquid could provide additional insights. Markets will also watch for shifts in sentiment and volume that could impact the pricing of Hyperliquid, especially as the year progresses toward the end of 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
Financials Crypto Sector protocols, such as Hyperliquid’s $HYPE, are reportedly outperforming Consumer & Culture Sector tokens. This development is attributed to strong fundamentals, including real cash flows, stablecoins, tokenization, and increased blockchain adoption. Hyperliquid, a decentralized perpetuals exchange, has emerged as a leader in on-chain derivatives, benefiting from fees and a robust token buyback program. The protocol’s success is further bolstered by institutional interest and strategic partnerships, including Circle’s investment and integration with USDC on its HyperEVM platform.
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Key Takeaways Market activity suggests that $HYPE’s performance is consistent with a broader trend favoring financial sector tokens with strong cash flow fundamentals. Current pricing indicates a moderate increase in the probability of Hyperliquid reaching $100 by the end of 2026, suggesting positive investor sentiment. The financial sector’s focus on real yield and tokenization appears to be driving market rewards over consumer-focused narratives. What to Watch Watch for further institutional involvement, such as new partnerships or investments, which could support a YES outcome for Hyperliquid reaching $100. Potential risks include regulatory challenges or security breaches that could impact sentiment negatively. Developments in blockchain technology adoption and stablecoin integration will also be key indicators for the protocol’s future performance.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
Hyperliquid’s HIP-3 markets have experienced a significant increase in perpetual futures market volume, now accounting for nearly 50% of the protocol’s total perp volume. This marks a substantial rise from roughly 2% at the beginning of 2026. The surge is primarily driven by the onchain activity in real-world assets, including tokenized U.S. equities and commodities. With 23 of the top 30 Hyperliquid pairs by open interest, the growth reflects a shift towards 24/7 access to traditional assets, especially during periods of geopolitical volatility when legacy markets are closed. Market participants are increasingly favoring HIP-3’s framework for its ability to offer continuous exposure to these assets.
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Key Takeaways The increase in HIP-3’s market share appears consistent with growing interest in onchain access to tokenized real-world assets. Hyperliquid’s recent performance suggests market participants are rotating from altcoins to tokenized stocks and commodities. The rise in onchain stock activity may indicate a longer-term trend toward integrating traditional financial assets into blockchain ecosystems. What to Watch The market will be closely monitoring if Hyperliquid can sustain or further increase its market share in perpetual futures. Key indicators include announcements of partnerships or technological advancements that could enhance Hyperliquid’s offerings. Additionally, developments in geopolitical events or regulatory changes impacting real-world asset tokenization could significantly influence market sentiment and pricing, potentially affecting Hyperliquid’s trajectory towards its $100 price target by the end of 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
Hyperliquid’s HIP-3 markets have surged to nearly 50% of the protocol’s perpetual futures volume, reflecting a significant shift towards on-chain activity in tokenized traditional assets such as U.S. stocks, commodities, and indices. As of July 12, 2026, the HIP-3 markets have reached an open interest of $3.68 billion, with cumulative volume surpassing $309 billion since the upgrade’s launch in October 2025. This growth underscores the increasing appeal of non-crypto assets in the crypto derivatives markets, as they now dominate seven of Hyperliquid’s top ten volume markets. The trend challenges centralized exchanges and traditional finance infrastructure by attracting more participants towards decentralized avenues.
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Key Takeaways The surge in Hyperliquid’s HIP-3 market volume suggests a growing interest in on-chain access to tokenized traditional assets. Non-crypto assets are now predominant in Hyperliquid’s top volume markets, indicating a shift in the focus of crypto derivatives. Market pricing implies that the increased activity could support scenarios where Hyperliquid’s value continues to rise, consistent with increased YES outcomes. What to Watch Future developments could further influence Hyperliquid’s market trajectory. Announcements of major partnerships or technological advancements by Hyperliquid could be supportive of YES scenarios, potentially driving the asset closer to the $100 mark by the end of 2026. Conversely, any reports of security issues or regulatory challenges could suggest scenarios leading to a decline in market confidence. Market participants will be closely monitoring these factors and their potential impacts on Hyperliquid’s pricing trends.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 39% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 68.5% — — View market → January 1 2027 9.2% — — View market → January 1 2027 4.5% — — View market →
The Pump.fun business model is making profits at a much quicker pace than it is spending on narratives. According to the recent data, the platform’s annualized revenue has hit $344 million, with the network earning approximately $944,000 every day for the past three months.
Meanwhile, more than $407 million worth of PUMP tokens have already been bought back and removed from circulation.
In simple terms, PUMP is no longer relying solely on speculation. The platform is generating enough cash flow to consistently return value to token holders.
Source: Pump.fun Approximately half of the revenue is returning According to AMBCrypto’s close analysis on the network data, over 50% of its revenue is allocated to token buybacks. This cements the network’s long-term project of reducing circulating supply while at the same time boosting its volatility.
Every day when the platform generates income, some part of the income is spent on buying PUMP coins from the market before destroying them.
The impact of the process has been significant. Up until now, 149 billion PUMP tokens have been destroyed, thereby covering almost 15 percent of the entire circulating supply.
The process does not guarantee higher prices. However, it creates a steady source of demand regardless of broader market conditions.
Source: Pump.fun How are network users reacting to the developments? Normally, buybacks are only effective if the underlying business continues generating revenue. At least for now, that does not seem to be the case.
The number of active addresses is still high. In most cases, it has exceeded 7,000 users per day throughout the past few months. The consistency matters since it suggests that the platform’s revenue is being supported by actual network activity rather than a short-lived spike in trading volume.
In other words, the allocation of a bigger proportion of revenue on buyback seems to bear some fruit. If the activity sustains, the current bullish momentum could be accelerated.
Source: Santiment Is $0.001698 next for PUMP? On the daily chart, the token’s price action has just broken past the 20-period Simple Moving Average (20 SMA). The Bollinger Band’s divergence is wide enough, suggesting that the market still has more volatility for a potential explosive move. But the direction is not clear.
However, with the token Stochastic RSI now dropping below 25, which often points to an oversold market, the current bullish push could be prolonged. At press time the token had recorded a 10% surge and was trading at around $0.001495.
The resistance level at $0.001698 stands as the next target for the market buyer if the current bullish run is sustained.
All in all, Pump.fun is already generating nearly $1 million per day. If that pace continues, buybacks will continue removing supply regardless of short-term market sentiment. When combined with positive technicals, the projected bullish run continuation nears certainty.
Source: TradingView Final Summary Pump.fun’s annualized revenue has surged to $344 million, with the platform generating nearly $944,000 per day over the past three months. More than $407 million has been allocated to buybacks, removing nearly 15% of PUMP’s total supply from circulation.
The U.S. government has transferred 2,874.9 Bitcoin worth approximately $183.28 million to Coinbase Prime, according to blockchain data shared by Galaxy Research.
The transaction was performed across Bitcoin blocks 957893 and 957894 from a government-controlled address.
The latest movement brings the total amount of BTC sent by U.S. authorities to Coinbase Prime today to nearly 4,000 BTC.
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Speculation about transfer The translation has raised some speculation about whether the coins could be prepared for liquidation or internal custody operations.
In March 2025, an executive order was signed to establish the Strategic Bitcoin Reserve, directing the Treasury Department.
Treasury Secretary Scott Bessent previously said that the government would not purchase Bitcoin directly for the Strategic Bitcoin Reserve but would retain confiscated BTC instead of selling it.
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The latest Coinbase Prime transfer has therefore raised questions among investors about whether the US government is preparing for potential sales.
imagine US gov is selling
— RunnerMU (Micron-san) (@RunnerXBT) July 13, 2026 Notably, the coins trace to multiple unrelated cases (BTC-e and others). It is highly unusual for the government to move them at the same time.
The Bitcoin treasury firm Strategy (MSTR) has now gone three consecutive weeks without buying any BTC.
On Monday, Strategy Chairman Michael Saylor announced the company increased its US dollar reserve by $450 million over the past week but opted not to buy any new Bitcoin.
Over the two weeks prior, the firm sold a total of 3,588 BTC for $216 million. The sales, which sparked headlines across the crypto sector, materialized under the Strategy’s newly introduced BTC monetization program, designed to bolster the firm’s cash reserve and support dividend payments.
The firm still holds 843,775 Bitcoin worth $52.47 billion at time of writing, as well as $3 billion in cash reserves.
In May, Strategy sold 32 BTC worth $2.47 million, the company’s first Bitcoin sale since 2022, when the firm’s subsidiary, MacroStrategy, hawked 704 BTC for approximately $11.8 million.
The May sale marked a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.
He did tip that a sale could happen, however, suggesting in a first-quarter earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”
Strategy was the first public company to adopt Bitcoin as its sole treasury reserve asset and remains the world’s largest corporate holder of BTC by a wide margin.
Bitcoin has entered a high-risk week as fresh inflation data and renewed Federal Reserve rate concerns have intensified pressure on crypto markets.
Summary
Bitcoin faces renewed pressure ahead of the U.S. CPI and PPI inflation reports. Fed Governor Christopher Waller’s hawkish comments have lifted September rate hike expectations. Investors are also tracking CLARITY Act developments as another key crypto market catalyst. According to Reuters, Federal Reserve Governor Christopher Waller warned that the U.S. central bank could consider raising interest rates if inflation continues to remain above its 2% target, placing investors on alert before this week’s key economic releases.
His comments come as traders prepare for the June Consumer Price Index (CPI) report due on July 14, followed by the Producer Price Index (PPI) data on July 15.
Bitcoin has already reacted to rising macro uncertainty. The cryptocurrency slipped below $62,000 after climbing to around $64,500 earlier, with escalating tensions between the United States and Iran adding another layer of risk to global financial markets.
Higher geopolitical uncertainty has combined with growing expectations of tighter monetary policy to weaken demand for risk assets.
Inflation data could shape Fed expectations Wall Street economists expect the June CPI report to show monthly inflation easing to 0.2% from 0.5% in May. Annual inflation is projected to slow to 3.8% from 4.2%, offering investors another measure of whether price pressures are cooling.
The inflation figures are likely to influence expectations for future Federal Reserve policy. If consumer prices rise faster than forecast, markets could strengthen their bets that policymakers may keep interest rates higher for longer or even consider another increase.
Attention will then turn to the June PPI report, which measures inflation at the wholesale level. Together, the two reports are expected to provide a clearer picture of inflation trends across the U.S. economy and could influence trading across equities, bonds and digital assets.
Following Waller’s remarks, the CME FedWatch Tool showed that the probability of a September Federal Reserve rate hike climbed to 51.3%. Higher borrowing costs typically reduce appetite for speculative investments, making cryptocurrencies particularly sensitive to changes in monetary policy expectations.
Source: FedWatch Recent Federal Reserve communications have already pointed to persistent inflation risks. Minutes from the central bank’s latest policy meeting noted that several officials remain concerned about inflationary pressures, including those linked to rising artificial intelligence investment and stronger-than-expected economic activity, keeping markets cautious ahead of this week’s data releases.
Crypto legislation adds another market catalyst While inflation remains the primary focus, investors are also monitoring developments in Washington as lawmakers prepare for another important week for the CLARITY Act, one of the most closely watched crypto market structure bills.
U.S. President Donald Trump recently urged the Senate to pass the legislation in honor of Senator Lindsey Graham, who died on July 11. The bill is expected to receive renewed attention this week as lawmakers continue discussions over its final form.
The legislation seeks to establish a clearer regulatory framework for digital assets in the United States. Market participants have been watching the proposal closely because it could determine how cryptocurrencies are regulated by federal agencies and influence future institutional participation in the sector.
With inflation reports, Federal Reserve policy expectations, geopolitical tensions, and crypto legislation all converging within days, investors are preparing for another volatile trading week.
Softer-than-expected inflation could ease pressure on risk assets, while stronger readings may reinforce expectations for tighter monetary policy and keep cryptocurrencies under pressure.
Bitcoin (CRYPTO: BTC) may be entering the final stages of its bear market as higher-timeframe technical indicators increasingly point towards a long-term bottom.
Multiple Bullish SignalsIn a "Kev Capital" podcast on July 13, crypto analyst Kevin said he is not attempting to pinpoint the exact bottom but instead is gradually building exposure based on improving technical conditions.
He added that BTC is now showing multiple bullish signals on higher timeframes, including the weekly and two-week charts, rather than just shorter-term indicators.
Among the signals he highlighted are technical bullish divergences and BTC trading near its 12-day 200 EMA and 200 SMA—areas that have historically coincided with major cycle lows.
Kevin says he believes Bitcoin could still revisit the $44,000 to $56,000 region before a durable bottom is established but stressed that such a move would not alter his accumulation strategy.
The analyst argued that disciplined dollar-cost averaging has historically been a more effective strategy than waiting for a single-entry price.
Kevin also cited stablecoin dominance as another indicator supporting his bullish medium-term outlook.
Those signals suggest selling pressure is fading and that “the Bitcoin bears are finally getting weaker.”
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Bitcoin prices dropped as geopolitical concerns fueled losses.
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Bitcoin prices took a tumble on Monday, July 13, falling as global markets responded to the latest geopolitical tensions involving the Straight of Hormuz.
This development combined with other factors to place downward pressure on the digital asset’s price.
The world’s most valuable digital currency dropped to $61,750.90, according to Coinbase data from TradingView. At this point, the cryptocurrency was down roughly 4% after rising to nearly $64,400 earlier in the day.
Major stock indices including the S&P 500 and the Dow Jones Industrial Average also pushed lower during the day, according to Google Finance data.
“Bitcoin’s recent weakness has been driven by a broader risk-off move across global markets,” Roy Kashi, co-founder and CEO of Falconedge, stated via email.
“Rising tensions between the U.S. and Iran have pushed oil prices higher, reignited inflation concerns and reduced expectations for near-term rate cuts, prompting investors to trim exposure to risk assets.”
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Tal Fromchenko, Founder and CEO of Leveraged, offered a similar take, while also citing additional causal factors.
“The pullback to $62,000 is primarily driven by escalating U.S.-Iran tensions over the Strait of Hormuz, which sparked a broader shift away from risk assets while cooling institutional ETF inflows and triggering leveraged long liquidations after Bitcoin failed to break past key resistance on Friday,” he said through emailed comments.
“However, this remains a standard macro-driven flush within a historically healthy multi-year market cycle, leaving Bitcoin’s broader structural trajectory for growth entirely intact,” added Fromchenko, who provided a bullish outlook.
Himanshu Sahay, cofounder and CTO of crypto lender Arch, also weighed in, pointing to various factors when explaining bitcoin’s latest price movements.
“I don’t think this decline is the result of any one event. It’s more likely the market reacting to a mix of macro sentiment, positioning and liquidity, all of which can change pretty quickly,” he noted through emailed commentary.
Saeed Al-Marri, CEO at Ethra Invest, took a different tack, choosing to focus on market factors and an upcoming inflation report due for release later this week.
“I think on the technical side what we’re seeing looks like a wave of liquidations, not a loss of faith in Bitcoin. When traders go long, essentially borrowing money to bet the price will rise, then any drop basically forces exchanges to automatically liquidate those positions once losses hit a limit,” he stated via email.
“Right now, longs are being liquidated six times as often as shorts (6 to 1), which tells you this is bullish bets getting wiped out, not a broad exit from the asset.”
“And on the macro side the bigger driver is what’s coming on Wednesday: US Consumer Price Index (inflation data),” he continued. "If it comes in hot, it pushes back any hope of the Fed cutting interest rates soon, and higher rates make safer options like bonds and cash more attractive than a volatile asset like Bitcoin.
“That’s the real story right now. Its not Bitcoin breaking down, but the whole market waiting on a single number from the CPI.”
Bitcoin prices dropped as geopolitical concerns fueled losses.
getty
Bitcoin prices took a tumble on Monday, July 13, falling as global markets responded to the latest geopolitical tensions involving the Straight of Hormuz.
This development combined with other factors to place downward pressure on the digital asset’s price.
The world’s most valuable digital currency dropped to $61,750.90, according to Coinbase data from TradingView. At this point, the cryptocurrency was down roughly 4% after rising to nearly $64,400 earlier in the day.
Major stock indices including the S&P 500 and the Dow Jones Industrial Average also pushed lower during the day, according to Google Finance data.
“Bitcoin’s recent weakness has been driven by a broader risk-off move across global markets,” Roy Kashi, co-founder and CEO of Falconedge, stated via email.
“Rising tensions between the U.S. and Iran have pushed oil prices higher, reignited inflation concerns and reduced expectations for near-term rate cuts, prompting investors to trim exposure to risk assets.”
MORE FOR YOU
Tal Fromchenko, Founder and CEO of Leveraged, offered a similar take, while also citing additional causal factors.
“The pullback to $62,000 is primarily driven by escalating U.S.-Iran tensions over the Strait of Hormuz, which sparked a broader shift away from risk assets while cooling institutional ETF inflows and triggering leveraged long liquidations after Bitcoin failed to break past key resistance on Friday,” he said through emailed comments.
“However, this remains a standard macro-driven flush within a historically healthy multi-year market cycle, leaving Bitcoin’s broader structural trajectory for growth entirely intact,” added Fromchenko, who provided a bullish outlook.
Himanshu Sahay, cofounder and CTO of crypto lender Arch, also weighed in, pointing to various factors when explaining bitcoin’s latest price movements.
“I don’t think this decline is the result of any one event. It’s more likely the market reacting to a mix of macro sentiment, positioning and liquidity, all of which can change pretty quickly,” he noted through emailed commentary.
Saeed Al-Marri, CEO at Ethra Invest, took a different tack, choosing to focus on market factors and an upcoming inflation report due for release later this week.
“I think on the technical side what we’re seeing looks like a wave of liquidations, not a loss of faith in Bitcoin. When traders go long, essentially borrowing money to bet the price will rise, then any drop basically forces exchanges to automatically liquidate those positions once losses hit a limit,” he stated via email.
“Right now, longs are being liquidated six times as often as shorts (6 to 1), which tells you this is bullish bets getting wiped out, not a broad exit from the asset.”
“And on the macro side the bigger driver is what’s coming on Wednesday: US Consumer Price Index (inflation data),” he continued. "If it comes in hot, it pushes back any hope of the Fed cutting interest rates soon, and higher rates make safer options like bonds and cash more attractive than a volatile asset like Bitcoin.
“That’s the real story right now. Its not Bitcoin breaking down, but the whole market waiting on a single number from the CPI.”
In brief New Hampshire's governor signed the Blockchain Basics Law, introducing new protections for blockchain innovation and crypto users in the state. Last year, the state became the first in the nation to introduce a strategic Bitcoin reserve, allowing for up to 5% of public funds to be invested in the leading crypto asset. However, its executive council recently rejected the allowance of the first Bitcoin-backed municipal bond. New Hampshire Governor Kelly Ayotte helped make the state into one of the crypto-friendliest in the nation when she signed HB 639 into law last week.
Known as the The Blockchain Basic Laws act, the bill provides protections for cryptocurrency innovation and use in the state while also allowing for the creation of a special blockchain dispute docket in the superior court.
"With Governor Ayotte's signature on HB 639, New Hampshire has once again demonstrated that it intends to lead the nation in blockchain innovation," said New Hampshire Representative Keith Ammon, the bill’s primary sponsor, in a statement.
“The Blockchain Basic Laws protect one of the most fundamental rights in the digital economy—the right of individuals to control their own digital assets through self-custody,” he added. “They also provide clear legal protections for blockchain developers, miners, validators, entrepreneurs, and businesses building the next generation of financial technology.”
The state’s latest blockchain legislation follows its passing of a strategic Bitcoin reserve last year. The bill, signed by Ayotte in May 2025, allows the state’s treasurer to invest up to 5% of its public funds in the leading crypto asset, alongside precious metals like gold and silver.
Ammon, who played a key role in that bill’s passage, told Decrypt at the time it was “one little way our state could hedge against inflation in the future."
“Today, with the signing of HB 639, we have taken another major step by enacting one of the most comprehensive blockchain rights laws in the country,” he said in a statement. “Entrepreneurs, investors, developers, and innovators across America should know that New Hampshire is open for blockchain business."
Despite its advances, the state’s executive council last week blocked a proposal that would have allowed the New Hampshire Business Finance Authority to facilitate a Bitcoin-backed municipal bond.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief New Hampshire's governor signed the Blockchain Basics Law, introducing new protections for blockchain innovation and crypto users in the state. Last year, the state became the first in the nation to introduce a strategic Bitcoin reserve, allowing for up to 5% of public funds to be invested in the leading crypto asset. However, its executive council recently rejected the allowance of the first Bitcoin-backed municipal bond. New Hampshire Governor Kelly Ayotte helped make the state into one of the crypto-friendliest in the nation when she signed HB 639 into law last week.
Known as the The Blockchain Basic Laws act, the bill provides protections for cryptocurrency innovation and use in the state while also allowing for the creation of a special blockchain dispute docket in the superior court.
"With Governor Ayotte's signature on HB 639, New Hampshire has once again demonstrated that it intends to lead the nation in blockchain innovation," said New Hampshire Representative Keith Ammon, the bill’s primary sponsor, in a statement.
“The Blockchain Basic Laws protect one of the most fundamental rights in the digital economy—the right of individuals to control their own digital assets through self-custody,” he added. “They also provide clear legal protections for blockchain developers, miners, validators, entrepreneurs, and businesses building the next generation of financial technology.”
The state’s latest blockchain legislation follows its passing of a strategic Bitcoin reserve last year. The bill, signed by Ayotte in May 2025, allows the state’s treasurer to invest up to 5% of its public funds in the leading crypto asset, alongside precious metals like gold and silver.
Ammon, who played a key role in that bill’s passage, told Decrypt at the time it was “one little way our state could hedge against inflation in the future."
“Today, with the signing of HB 639, we have taken another major step by enacting one of the most comprehensive blockchain rights laws in the country,” he said in a statement. “Entrepreneurs, investors, developers, and innovators across America should know that New Hampshire is open for blockchain business."
Despite its advances, the state’s executive council last week blocked a proposal that would have allowed the New Hampshire Business Finance Authority to facilitate a Bitcoin-backed municipal bond.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
The U.S. government has transferred 2,874.9 Bitcoin, estimated to be worth $183.28 million, to Coinbase Prime. According to blockchain data analyzed by Galaxy Research, the transfer took place across Bitcoin blocks 957,893 and 957,894, originating from an address under government control.
Large-scale transfers trigger market attentionWith this recent move, the total amount of Bitcoin sent by U.S. authorities to Coinbase Prime today has reached nearly 4,000 BTC. These transactions have drawn the attention of market participants, with some observers speculating on possible intentions behind the transfer.
The coins transferred reportedly stem from a range of unrelated enforcement cases, including the BTC-e case and other seizures. It is considered highly unusual for government agencies to move assets from separate seizures in a single operation.
Mini dictionary: Coinbase Prime, an institutional platform operated by leading U.S. cryptocurrency exchange Coinbase, provides custody, trading, and other services for large or regulated clients. It is often used for managing significant digital asset transfers on behalf of institutions and governments.
Purpose of transfers remains unclearRecent speculation has centered on whether authorities are preparing these Bitcoin holdings for liquidation or if the transfers are connected to internal custody operations. The government has previously used Coinbase Prime for both asset management and for selling confiscated crypto holdings through auctions or direct transactions.
Many investors are watching to see if these movements point to the U.S. government planning to sell a portion of its Bitcoin holdings, especially given the timing and size of the transactions.
Uncertainty remains regarding the government’s intent, as no official statement has explained the reason for these significant transfers. Typically, such large-scale on-chain movements by government entities have preceded either asset sales or adjustments to custodial arrangements.
Strategic Bitcoin Reserve and policy contextIn March 2025, an executive order was signed establishing the Strategic Bitcoin Reserve, with oversight assigned to the Treasury Department. Treasury Secretary Scott Bessent stated that the government would not directly purchase Bitcoin for the reserve but would hold onto confiscated coins rather than sell them for fiat currency.
This position marked a policy change from previous practice, which usually saw the liquidation of seized cryptocurrency at auction.
Given this shift, today’s transfer to Coinbase Prime stands out, fueling debate about whether the government’s approach to seized digital assets is evolving. Since the assets trace back to various unrelated criminal cases, the consolidation and movement of these funds appear significant against the backdrop of the Strategic Bitcoin Reserve initiative.
DetailsAmountValue (approx.)DestinationLatest transfer2,874.9 BTC$183.28 millionCoinbase PrimeTotal transferred today~4,000 BTC~$255 millionCoinbase PrimeDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto derivatives market had a rough Wednesday. More than $315 million in leveraged positions were forcibly closed within a single 24-hour window, with long traders absorbing the overwhelming majority of the damage.
Bitcoin slipping below the $60,000 support level was the match that lit the fuse, and an over-leveraged market provided plenty of fuel.
The breakdown, by asset Bitcoin led the carnage, accounting for $152 million of the total liquidations. Of that figure, 92.91% were long positions, meaning traders who had bet on continued upside got caught badly offside.
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Ethereum was not far behind. ETH traders saw $148 million liquidated, with 84.3% of those on the long side. Solana added roughly $15.17 million to the tally, with approximately 91% of those also longs.
Elevated funding rates matter here. In perpetual futures markets, funding rates are periodic payments between long and short traders. When they run high for an extended period, it is a reliable signal that longs are crowded and the market is carrying significant speculative leverage.
What actually triggered the move Bitcoin breaking below $60,000 was the proximate cause. Large transfers of Bitcoin to centralized exchanges in the lead-up to the event added selling pressure, as on-exchange BTC typically signals that holders are preparing to sell rather than hold in cold storage.
The mechanics of what happened next are worth understanding. Perpetual futures liquidations do not happen in isolation. When a position is liquidated, the exchange sells the underlying asset to cover the debt, which pushes price lower, which triggers the next round of liquidations. The $315 million figure reflects where the loop settled before buyers stepped back in.
Context: bad, but not historic To be clear about the scale here: $315 million is significant. It is not, however, the kind of number that rewrites the record books. Between 2021 and 2025, the crypto market witnessed several liquidation events measured in the billions, including episodes tied to the Terra/LUNA collapse, the FTX unwind, and various leverage flushes during Bitcoin’s more volatile rallies and corrections.
Open interest, the total value of outstanding derivative contracts, declined following the liquidations, which is how the market clears excess speculation. Less open interest means less fuel for the next cascade, at least in the near term.
The distribution of losses here, north of 90% long liquidations across the major assets, reflects a market that had become structurally skewed. For investors watching from the sidelines, the key variable to monitor is how quickly funding rates recover. A rapid return to elevated funding would suggest the market has not absorbed the lesson, and that another flush is being assembled in real time.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
New Hampshire has strengthened its position as a crypto-friendly state after Governor Kelly Ayotte signed the Blockchain Basics Law last week. This new legislation is designed to provide legal protections for blockchain technology, cryptocurrency innovation, and users within the state.
Blockchain Basics Law Signed by Governor AyotteThe Blockchain Basics Law, formally known as HB 639, introduces a framework that safeguards the rights of individuals and businesses operating in the digital asset sector. In addition to strengthening self-custody protections for digital asset holders, the legislation establishes a special blockchain dispute docket within New Hampshire’s superior court system.
New Hampshire Representative Keith Ammon, the primary sponsor of HB 639, stated that the law places the state at the forefront of blockchain innovation. He emphasized the significance of self-custody, affirming that individuals now have explicit legal rights to control their digital assets.
With Governor Ayotte’s signature on HB 639, New Hampshire has once again demonstrated that it intends to lead the nation in blockchain innovation. The Blockchain Basic Laws protect one of the most fundamental rights in the digital economy—the right of individuals to control their own digital assets through self-custody. They also provide clear legal protections for blockchain developers, miners, validators, entrepreneurs, and businesses building the next generation of financial technology.
The legislation aims to attract blockchain developers and business founders to New Hampshire by removing legal uncertainty and establishing a secure environment for new projects. Ammon further commented that the state is now more welcoming to businesses and innovators in the blockchain industry.
Strategic Bitcoin Reserve and Municipal Bond RejectionNew Hampshire built upon its pro-crypto initiatives after introducing a strategic Bitcoin reserve policy last year. This measure allows the state treasurer to invest up to 5% of public funds in Bitcoin, as well as in precious metals such as gold and silver. The move positioned New Hampshire as the first state in the US to formally include Bitcoin in its reserve assets.
Ammon characterized the policy as a means to hedge against inflation and diversify state treasury funds. The law granting this authority was signed in May 2025, further establishing the state’s innovative approach to digital assets.
Despite advancing several crypto-friendly policies, New Hampshire’s executive council recently rejected a proposal to issue the state’s first Bitcoin-backed municipal bond. The proposal, led by the New Hampshire Business Finance Authority, aimed to offer a new investment vehicle tied directly to the price of Bitcoin. The decision highlights ongoing caution among policymakers regarding novel crypto-based public financing instruments.
PolicyStatusDescriptionBlockchain Basics LawEnactedLegal protections for blockchain users, developers, and a new court docketStrategic Bitcoin ReserveActiveAllows up to 5% of public funds to be invested in Bitcoin and precious metalsBitcoin-backed Municipal BondRejectedProposal to create a municipal bond tied to Bitcoin’s value; blocked by executive councilStrategy Company Maintains Cash PositionMeanwhile, Strategy, a digital asset company known for its aggressive Bitcoin acquisition program, did not purchase any Bitcoin for the third consecutive week. Instead, the firm focused on increasing its cash on hand, raising $467 million through stock issuance and bringing its USD reserves to $3 billion.
Strategy’s stock opened down 4%, trading at approximately $90.80 per share. Despite the pause in Bitcoin purchases, the company has not indicated any shift in its long-term digital asset strategy.
The move to pause Bitcoin acquisitions comes at a time when the market is closely watching institutional buying trends in the crypto sector. Strategy continues to play a notable role among companies publicly holding large amounts of Bitcoin.
New Hampshire’s latest actions illustrate the state’s ongoing efforts to create a leading regulatory environment for blockchain and digital assets, despite some resistance to certain initiatives.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The US government just moved $288 million worth of Bitcoin and Ether to Coinbase Prime, the exchange’s institutional custody and trading arm. The deposits include crypto confiscated from three separate criminal cases: assets tied to Brian Krewson, the defunct BTC-e exchange, and Ryan Farace.
Where the crypto came from BTC-e was a cryptocurrency exchange seized by US authorities back in 2017 on money laundering charges. The platform was one of the earliest major exchanges to face a full government takedown, and forfeited assets from that case have been trickling through the legal system ever since.
Ryan Farace, along with his brother Joseph Farace, was involved in a drug trafficking operation that led to the forfeiture of over 4,000 BTC between 2018 and 2021. Ryan and Joseph were sentenced for their roles in 2023 and 2024, respectively.
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The government also made a smaller, related transfer of 2.44 BTC to Coinbase Prime addresses, suggesting this isn’t a one-off dump but part of a broader, methodical approach to managing its growing crypto inventory.
Why Coinbase Prime matters here Coinbase Prime is an institutional-grade platform built for large clients, including government agencies, that need custody services, over-the-counter trading, and structured liquidation capabilities.
The Department of Justice and the US Marshals Service have increasingly relied on regulated platforms like Coinbase to handle forfeited digital assets. The process typically works like this: assets are held in custody until all legal formalities surrounding forfeiture are completed, at which point they can be liquidated for the government’s benefit.
The use of Coinbase Prime specifically signals something worth noting. The government is choosing regulated, compliance-heavy infrastructure over ad hoc methods for managing these assets. That’s a far cry from the early days of federal crypto seizures, when the US Marshals Service literally auctioned off Silk Road Bitcoin in bulk lots to the highest bidder. Tim Draper famously bought nearly 30,000 BTC that way in 2014.
Market implications for Bitcoin and Ether holders Coinbase Prime facilitates OTC sales, which are specifically designed to minimize market impact. Large blocks of Bitcoin or Ether can be matched with institutional buyers directly, bypassing the public order book.
On-chain analytics firms can now track these government wallets in near real-time. Transparency means traders get advance warning of potential sales, but it also means every wallet movement gets amplified by social media and crypto news cycles.
Investors would be wise to monitor Coinbase Prime wallet activity and any subsequent announcements from the DOJ or US Marshals Service regarding auction schedules or liquidation timelines.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
US President Donald Trump wants lawmakers to pass crypto market structure legislation in honor of the late Senator Lindsey Graham, who died unexpectedly on Saturday.
Trump took to Truth Social on Monday morning to whip votes for the Clarity Act.
“In honor of Senator Lindsey Graham, a big supporter, the U.S. Senate should pass the Clarity Act. China, and many other countries, would like to take complete and total control of this major financial ‘happening,’ as well as A.I., where we are now leading, but where they are fighting hard. Don’t let China win on either subject!!!”
The landmark crypto bill would largely place the digital assets under the regulatory purview of the Commodity Futures Trading Commission (CFTC), an agency industry stakeholders believe is friendlier to the sector than the Securities and Exchange Commission (SEC).
The potential legislation has faced opposition from traditional financial giants and banking associations, who have argued the bill could put financial stability at risk and cause bank deposits to lose ground to stablecoins.
In June, JPMorgan Chase chief executive Jamie Dimon said the potential legislation lacked adequate guardrails to protect investors and failed to address the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) law that aims to combat illicit financial transactions.
“It allows them to effectively pay interest on deposits—stablecoins or something like that—without the protection that they should have and it doesn’t do anything for AML/BSA. It has almost no legal protection.”
As the banking sector’s opposition to the bill solidified, Polymarket bettors’ confidence in the Clarity Act’s chances of passing this year dwindled, with its odds falling from a high of 82% in February to 40% at time of writing.
Some regulators have voiced the opposite opinion, with CFTC Chairman Michael Selig recently calling on senators to pass the legislation, emphasizing the need for a federal framework and statutory guardrails for crypto assets.
“It’s absolutely critical that we have federal standards for crypto assets. And right now we’ve dealt with a patchwork of state laws and regulations, and it’s really been bad for business here in the United States. We want to get this done so that we have certainty and clarity, and consumer protection should be a bipartisan issue. We’ve got to get it across the line.”
Strategy has raised $466.7 million through fresh MSTR stock sales while leaving its Bitcoin holdings unchanged at 843,775 BTC for the week ending July 12.
Summary
Strategy raises $466.7 million through MSTR stock sales. Company keeps Bitcoin holdings unchanged at 843,775 BTC. Standard Chartered maintains $100,000 Bitcoin target despite treasury concerns. According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), Michael Saylor-led Strategy sold 4,818,781 Class A MSTR shares between July 6 and July 12 through its at-the-market (ATM) program, generating approximately $466.7 million in net proceeds. Despite the capital raise, the company reported that it did not purchase or sell any Bitcoin during the reporting period.
The filing showed Strategy continued to hold 843,775 BTC, acquired for about $63.69 billion at an average purchase price of $75,476 per Bitcoin, excluding fees and expenses. Following the latest issuance, the company still has roughly $23.79 billion available under its MSTR ATM stock program.
Strategy keeps Bitcoin holdings unchanged after recent sale Fresh SEC disclosures also showed Strategy held approximately $3 billion in U.S. dollar reserves as of July 12. According to the filing, the cash is intended to cover preferred stock dividends and interest payments on the company’s debt. The reported balance also includes expected proceeds from ATM share sales that had not settled by the reporting date.
The company further disclosed that it did not repurchase any shares under its existing buyback programs during the same week.
The latest filing follows Strategy’s $216 million Bitcoin sale disclosed the previous week, only the second BTC sale in the company’s history. At the time, the company said the proceeds would be used to fund dividends tied to its STRC preferred stock and other digital credit securities. After that transaction, Strategy’s Bitcoin balance fell to 843,775 BTC, where it has remained through the latest reporting period.
Earlier reports also noted that Strategy has authorization to sell up to $1.25 billion worth of Bitcoin under its BTC Monetization Program, a development that has drawn close attention from market participants even though the company has not announced additional BTC sales.
Standard Chartered says treasury uncertainty drove recent weakness Attention around Strategy’s Bitcoin plans increased after Executive Chairman Michael Saylor posted the company’s familiar Bitcoin acquisition chart on July 12 with the message, “Orange dots tell only part of the story.” As crypto.news reported earlier, the post did not confirm whether Strategy had bought, sold, or held Bitcoin during the latest reporting week.
Crypto.news also noted that Strategy’s public Bitcoin tracker continued to show 843,775 BTC, matching the latest SEC filing. The company typically reports treasury activity through regulatory filings, meaning social media posts do not establish whether a transaction has occurred or indicate its direction.
The latest disclosure comes as Bitcoin has climbed back above $64,000 after Standard Chartered reaffirmed its $100,000 price target for the end of 2026. In a research note, the bank said recent weakness in Bitcoin was driven largely by uncertainty surrounding Strategy’s evolving treasury approach rather than by any deterioration in Bitcoin’s underlying fundamentals.
Standard Chartered added that the recent pullback should not be interpreted as a change to its long-term bullish outlook for the cryptocurrency.
Arbitrum (ARB) is attracting renewed attention as technical analysts point to a possible bullish reversal. The Layer-2 scaling solution for Ethereum has recently formed a falling wedge pattern on its daily chart, a formation that is frequently linked to upward price movements.
Falling wedge signals potential recoveryAt the time of reporting, ARB is trading at $0.09268. It recorded a 3.24% decline in the last 24 hours, while its 24-hour trading volume stands at $128.27 million. The token’s current market capitalization is $589.77 million.
Market observers, including the analyst Globe Of Crypto, state that a confirmed breakout from this falling wedge could indicate a shift in momentum. A close above the resistance trendline may trigger increased buying pressure, paving the way for a sustained recovery.
According to projections, ARB could reach an intermediate price target of approximately $0.20 if bullish momentum strengthens after a breakout, implying an almost 100% potential upside from current levels.
However, analysts caution that confirmation will require a notable increase in trading volume and a decisive daily close above key resistance levels. Without this confirmation, ARB may enter another consolidation phase.
MetricCurrent ValuePotential Target (if breakout)ARB Price$0.09268$0.2024h Trading Volume$128.27 millionIncrease required for confirmationMarket Capitalization$589.77 millionTo rise with price appreciationArbitrum’s recent price weakness also reflects the broader downturn in altcoin markets, as Bitcoin’s price correction exerts pressure across the sector.
Mentorship program drives Web3 innovationAlongside price movements, Arbitrum continues to expand its network through its Mentorship Program. The program is supporting ten teams developing advanced decentralized finance solutions, such as tokenized hedge funds, AI-powered credit markets, on-chain investment vehicles, and products linked to real-world assets.
Initiatives from these teams are expected to reinforce Arbitrum’s role as a hub for DeFi innovation. The winners of the program’s current cohort are set to be announced soon.
The mentorship effort provides startups with strategic guidance and resources, accelerating the development of their projects and contributing to the ecosystem’s long-term growth.
These advancements highlight Arbitrum’s efforts to foster a vibrant community around decentralized finance, harnessing both blockchain and artificial intelligence technologies to create new financial services.
Mini dictionary: Arbitrum Mentorship Program, an initiative that supports early-stage Web3 and DeFi startups building on the Arbitrum network by offering mentorship, resources, and networking opportunities to accelerate their development.
Market outlook remains cautiousDespite the positive sentiment surrounding technical indicators and ecosystem growth, ARB continues to face selling pressure. Broader market factors, including shifts in Bitcoin price trends, are contributing to volatility in altcoin markets such as Arbitrum.
Analysts emphasize the importance of monitoring key resistance levels and trading volumes in the coming days, as a clear breakout could set the stage for significant price gains. Conversely, failing to break resistance may lead to a period of sideways price action.
After weeks of consolidation, analysts highlight that a sustained breakout above resistance could unlock considerable upside, with ARB potentially targeting the $0.20 area in the intermediate term if buying momentum persists.
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.
OPEC just trimmed its outlook for global oil demand growth again. For the third month in a row, the organization revised its 2026 forecast downward, this time by 190,000 barrels per day, landing at a total projected growth of 780,000 bpd.
What OPEC actually said The Monday report painted a picture of a global economy that’s consuming less crude than previously expected. Gulf crude production is rebounding, tanker traffic through the Strait of Hormuz is gradually normalizing, and the combination is easing near-term supply pressure on energy markets.
The 780,000 bpd growth figure is notable because it sits well below the kind of demand expansion that typically supports sustained oil price rallies. Lower expected demand growth generally translates to softer pricing, assuming supply remains steady or increases.
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And supply is doing exactly that. The Gulf production rebound combined with reopening shipping lanes through the Strait of Hormuz, one of the world’s most critical oil transit chokepoints, means more barrels are reaching the market with less friction.
Why crypto investors should care about oil forecasts Bitcoin mining is, at its core, an energy arbitrage business. Miners convert electricity into block rewards, and their profitability hinges on the spread between energy costs and Bitcoin’s price. When energy gets cheaper, that spread widens.
Proof-of-work mining operations, particularly large-scale facilities in North America, often source electricity from grids where natural gas (which tracks loosely with oil prices) sets the marginal cost of power generation. A sustained softening in oil demand projections can pull natural gas and electricity prices lower over time.
That’s the direct channel. The indirect channel matters too. Lower energy costs improve miner margins, which means fewer miners are forced to sell their Bitcoin to cover operational expenses. When miners hold instead of sell, it reduces persistent selling pressure on the market.
This dynamic played out clearly during previous oil price declines. When energy costs dropped meaningfully, publicly traded mining companies like Marathon Digital and Riot Platforms saw their cost-per-Bitcoin-mined decline, boosting profitability even when Bitcoin’s price stayed flat.
The macro picture is getting complicated It’s also worth watching how this interacts with OPEC+ production agreements. The cartel has historically responded to weakening demand by cutting output, which would offset some of the price relief.
Investors tracking publicly traded mining stocks should monitor energy cost disclosures in upcoming quarterly reports. If OPEC’s demand trajectory holds, miners reporting in Q3 and Q4 could show improved unit economics. That would likely trigger renewed institutional interest in the mining subsector, which has been under pressure since the most recent halving compressed block rewards.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
OranjeBTC, the Brazilian public company traded on the B3 exchange under ticker OBTC3.SA, added 8 BTC to its treasury last week. That brings the firm’s total Bitcoin reserves to 3,912 BTC, reinforcing its claim as the largest corporate Bitcoin holder in Latin America.
The drip strategy in action When the company first listed on Brazil’s B3 exchange in October 2025 through a reverse IPO, it held roughly 3,650 BTC. Since then, it has steadily chipped away at adding more.
In June 2026 alone, the firm picked up 41 BTC. Several smaller purchases came earlier in the year. Now comes this 8 BTC addition, announced on July 13, 2026.
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Going from 3,650 BTC to 3,912 BTC represents growth of roughly 7% in holdings since listing, achieved entirely through incremental buys rather than a single dramatic treasury allocation.
Founded by Guilherme Gomes, OranjeBTC positions itself as both a Bitcoin education platform and an investment solutions provider. The company’s website recently displayed a Bitcoin price of around R$320,846, which provides some context for the local market conditions under which these purchases are being made.
Where OranjeBTC sits in the global pecking order Latin America’s largest corporate Bitcoin holder is one thing. But OranjeBTC’s stash also ranks it approximately 24th among all public companies globally holding Bitcoin on their balance sheets.
Many of the company’s regional peers have opted for share buybacks instead of additional crypto investments. OranjeBTC has gone the opposite direction, choosing to stack sats rather than repurchase equity.
What this means for investors watching the corporate Bitcoin trend For investors considering OBTC3.SA as a proxy for Bitcoin exposure on the B3, the company’s value proposition is almost entirely tied to its Bitcoin holdings, making it function somewhat like an ETF with corporate overhead.
OranjeBTC has not mentioned holding any digital assets beyond Bitcoin, meaning its treasury is a single-asset bet. If Bitcoin enters a prolonged downturn, the company’s balance sheet absorbs the full impact with no diversification buffer.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Texas spent years positioning itself as the promised land for crypto miners and data center operators. That welcome mat is getting pulled.
A Greenpeace-backed campaign, bolstered by grassroots activists and online opposition, is fueling a coordinated backlash against energy-intensive data center projects across the state. The movement has grown from scattered local complaints into something much harder to ignore: a statewide shift in public sentiment that’s already freezing billions of dollars in planned development.
The numbers tell the story A University of Texas poll from June 2026 found that 56% of Texans now oppose data center construction in their communities. In rural areas, where these facilities tend to land, that number climbs to 62%. The poll carried a margin of error of plus or minus 2.83 points, meaning even the most generous reading still shows majority opposition statewide.
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The resistance isn’t just talk. At least 75 data center projects, collectively worth roughly $130 billion, were stalled or blocked during the first quarter of 2026 alone. Hill County, Texas, went a step further in May 2026, enacting a one-year moratorium on all new data center construction after sustained public outcry.
Greenpeace and 520 friends want a national moratorium On June 11, 2026, more than 520 organizations, including Greenpeace USA, sent a letter to Congress demanding a national moratorium on new data centers tied to unregulated AI and cryptocurrency growth.
The coalition’s core argument centers on two resources that Texas already struggles to manage: water and electricity. Data centers are enormous consumers of both. They require constant cooling, which devours water supplies, and they draw massive amounts of power from a grid that Texans have learned the hard way is not exactly overbuilt for resilience.
Greenpeace USA has specifically targeted Texas Bitcoin mining facilities, citing their high energy consumption and carbon intensity.
How Texas became ground zero The roots of this conflict trace back to China’s crackdown on cryptocurrency mining in 2021. When Beijing effectively banned the practice, a massive wave of mining operations relocated, and Texas was the top destination. Cheap electricity, deregulated energy markets, and a business-friendly political climate made the state irresistible.
What this means for crypto miners and investors Texas has been the largest domestic hub for Bitcoin mining since the post-China migration. The $130 billion in stalled projects isn’t just a data center industry problem. A significant portion of that planned capacity was earmarked for crypto mining and related operations.
The Hill County moratorium could easily become a template for other jurisdictions. And if the congressional moratorium push gains any traction, even as a negotiating position, it could introduce federal-level uncertainty into an industry that has been operating largely under state and local rules.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin [BTC] has fallen by 3.21% in the past 24 hours, after facing rejection at the $64.6k local resistance zone. This was the same area that rebuffed the bulls a week ago.
The price downturn has led to $373.58 million in liquidation across the market, with Bitcoin seeing $107.32 million in long and short liquidations.
AMBCrypto reported that extreme fear ruled the market and had warned that derivatives demand was surging while spot demand was lacking. This spot-versus-derivatives divergence has naturally led to a correction.
Bitcoin excess leverage is being flushed A measured wave of profit-taking saw the 100-1,000 BTC-holding cohort sell 67,000 Bitcoin on July 13. This did not signal market panic, and the derivatives signals agreed.
Crypto analyst Axel Adler Jr. observed that Open Interest was falling as prices also declined. However, market participants were not aggressively building short positions yet.
Source: Axel Adler Jr. The Bitcoin Perpetual Market Pressure Index is a composite of price, net taker flow, open interest, and volume delta. It combines these factors into a single scale from 0 to 100.
The metric had fallen 11 points to 46 in just over 24 hours. It had been at 61, but has since fallen below 50, and the 30-day moving average is at 58.
This meant the buying pressure was weakening, and the index would need to reclaim the 30-day moving average to signal that buyers were back in control.
Additionally, the analyst demonstrated that the steady OI drop during the drop signaled long positions were being closed. This reinforced the idea of weak demand in the market and was a mark of leverage reduction.
The current downturn was not as dangerous as a full-blown, aggressive short-selling move would be.
The long-term lens AMBCrypto had reported that stablecoin outflows could leave BTC vulnerable to heightened volatility. The recent price drop was not one such moment, but steady selling pressure and a lack of demand could push the market towards a tipping point.
In a post on CryptoQuant Insights, analyst Moreno wrote that the Bitcoin/Stablecoin reserve ratio had fallen to its lowest in this cycle.
The concentration of buying powder in the form of stablecoins on Binance, combined with the relatively low 8-9% of exchange-held BTC balance on this exchange, was proof of an extreme liquidity imbalance.
Investors preferred to remain defensive rather than deploy their capital until prices reach a more attractive level.
Source: Glassnode The Bitcoin MVRV pricing bands assess whether the leading crypto is overvalued or undervalued, based on the average investor’s cost basis, or realized price.
Historically, each cycle has seen the price drop to 0.8 times the cost basis, or lower, before recovery. At the time of writing, this was at $42,429.
Such a deep drop could be what defensive investors are waiting for before deploying their capital.
Final Summary The recent Bitcoin sell-off was a measured wave of profit-taking and long positions closing, not a panicked move. There was a concentrated stablecoin supply on Binance, possibly waiting for a deeper price drop before being deployed.
After the SEC fight, Ripple bounced back with new deals, acquisitions, tokenization efforts, and XRP ETFs.
It has been three years since Judge Analisa Torres delivered her landmark ruling that Ripple’s programmatic sales of XRP on crypto exchanges did not constitute securities transactions. This decision remains one of the most important legal moments in the history of the industry that had long been vilified by regulators.
Issued on July 13, 2023, the ruling distinguished between XRP sold to institutional investors, which the court found violated securities laws, and tokens sold on public exchanges, which it said did not constitute securities transactions.
The decision triggered an immediate market reaction. The asset, for one, soared more than 70% in a single day as major US exchanges such as Coinbase, Kraken, and Gemini quickly relisted it after previously suspending trading following the SEC’s lawsuit.
The token staged a powerful rally in late 2024 and subsequently climbed above $3 in early 2025 before it tapped a new ATH in July that year. Although XRP later gave up part of those gains amid a broader market downturn, it stood above $1 on the ruling’s third anniversary.
Following the Torres ruling, Ripple continued expanding beyond XRP and launched its US dollar-backed stablecoin, RLUSD, in December 2024.
From Partnerships to Acquisitions Ripple partnered with African payments network Onafriq to facilitate cross-border payments between Africa and the rest of the world, using Ripple Payments months after the ruling. The following year, the company added the Axelar Foundation to its growing roster of strategic partners to support interoperability within XRP Ledger (XRPL).
It partnered with Clear Junction to ramp up euro payment rails for Ripple Payments and improve payout capabilities across Europe as well. Later that year, it collaborated with Archax to bring tokenized RWAs onto the XRPL. Ripple also worked with OpenEden to bring tokenized US Treasury bills to the network.
You may also like: The End of a Ripple Era: XRP ETFs Record First Red Week In Months XRP Stalls at $1.10: Could Quiet On-Chain Activity Be the Calm Before a Bigger Move? XRP’s On-Chain Data Flashes Warning While Sellers Continue to Dominate In 2025, South Korean institutional custody firm BDACS signed a strategic partnership with the company. An alliance was also made with the tokenization platform Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project. Meanwhile, BNY Mellon was appointed the primary custodian for RLUSD reserves.
On the acquisitions front, Ripple first announced the purchase of Standard Custody & Trust Company to strengthen its regulatory compliance. The acquisition officially closed in June 2024.
The next major acquisition came in April 2025 with the $1.25 billion purchase of global prime broker Hidden Road. The transaction expanded the company beyond payments into institutional prime brokerage, clearing, and financing, while positioning RLUSD and the XRP Ledger at the center of Hidden Road’s post-trade infrastructure.
Entering the ETF Era The Torres ruling also paved the way for XRP’s entry into the US exchange-traded fund market in a major milestone for institutional adoption. While several asset managers, including Bitwise, Franklin Templeton, Grayscale, Canary Capital, and 21Shares, filed applications for spot XRP ETFs over the following months as regulatory clarity around the asset improved, the products did not begin launching until late 2025.
Since they went live, these funds have dominated crypto ETF flows and have only recently suffered a setback. So far in July, XRP ETFs have recorded an outflow of $2.50 million after an impressive nine-week green-only streak.
President Donald Trump on Monday said the United States is “taking over” the Strait of Hormuz and countries “must pay” the US for defending. As a result, Brent crude oil prices extend gains above $79 per barrel, causing the crypto market and Bitcoin price to crash lower.
US Will Defend Strait of Hormuz, Expects Payment in Return: Trump President Donald Trump said the U.S. will guard the Strait of Hormuz and expects countries to pay them. It sent Brent crude oil above $79 per barrel, triggering further selloffs across stock and crypto markets on July 13.
“We’re taking over the Strait. They have nothing… yesterday, they had an 11-hour meeting… and everything was agreed to yesterday, and they leave the room, and they call back and they say, ‘we had to make a couple of change,” said President Trump.
Trump also issued a sharp warning to Iran following the collapse of the ceasefire. He added that U.S. forces carried out major strikes overnight that destroyed key Iranian military equipment.
Oil prices climbed nearly 4% on Monday as the US and Iran continued to exchange strikes amid ongoing tensions over the Strait of Hormuz’s control. Iran also declared the strait closed, but it was rejected by the US Central Command.
As geopolitical tensions escalate and major economic decisions loom, trading volumes are surging on the best crypto prediction markets as participants bet on real-world outcomes.
Bitcoin Price and Broader Crypto Market Crash Bitcoin price extended losses, tanking more than 3% over the past few hours. The price is currently trading at $62,389. The 24-hour low and high are $62,120 and $64,340, respectively.
Crypto market crashes further after Trump’s comments to take over the Strait of Hormuz, wiping out $20 billion from the market. Top altcoins Ethereum, XRP, BNB, Solana, Hyperliquid, Zcash and Cardano recorded 2-6% fall during the crypto market crash.
According to Coinglass data, the crypto market crash saw nearly $40 million in liquidations across Bitcoin, ETH, SPCX, SOL, SNDK, HYPE, MU, and XRP. Notably, 73k traders were liquidated in the past 24 hours. The largest single liquidation order of XYZ:SKHX valued at $4.86 million happened on Hyperliquid.
Traders are now awaiting the US CPI inflation data and Fed Chair Warsh’s testimony due Tuesday for clues on the Federal Reserve’s monetary policy path.
A new Treasury-backed report has placed Ripple, a provider of blockchain-based payment solutions, at the center of the United Kingdom’s strategy to move wholesale financial markets onchain. The ambitious plan seeks to bring tokenized repos, fixed income products, and funds from experimental sandboxes into live trading environments within the next 12 months.
Hybrid blockchain models and settlement risksChris Woolard, who serves as the UK’s wholesale digital markets champion, outlined in the report a hybrid approach for blockchain adoption. This proposed model combines permissioned institutional networks built atop permissionless public blockchains, aiming to leverage the liquidity benefits of open networks while maintaining stricter compliance controls for institutional players.
The report acknowledged that while public blockchains enable greater access and shared liquidity, they also carry risks related to transaction finality. Specifically, unanticipated chain reorganizations can potentially reverse previously confirmed transactions, introducing settlement uncertainty that does not typically occur in traditional market infrastructure.
Examples such as BlackRock’s BUIDL money market fund, issued on Ethereum with a compliance layer provided by Securitize, were cited to showcase integration of traditional finance with blockchain technology.
Mini dictionary: Tokenized repo: A digital version of a repurchase agreement traded and settled using blockchain, designed to increase settlement speed and reduce operational risks in the money market.
Ripple’s growing role in UK financial innovationRipple has become a prominent member of the task force guiding this transformation. The firm, which specializes in blockchain-based cross-border payment technology, is described in the report as a credentialed player driving the process rather than a disruptive upstart. Its $1.25 billion acquisition of Hidden Road, now known as Ripple Prime, reflects efforts to bridge traditional financial services with digital assets. Hidden Road holds both investment firm licenses and cryptoasset registration from the Financial Conduct Authority (FCA), supporting a broad range of spot and derivatives trading activities in forex and digital asset markets.
Santander UK’s integration of Ripple’s blockchain tech for international payments was cited as another example of established banks adopting blockchain. Santander operates as the customer-facing institution, while Ripple’s technology underpins the movement of funds.
Ripple’s involvement with both institutional-grade licensing and real-world use cases, including its prime brokerage and cross-border payment solutions, demonstrates the convergence between traditional finance and digital asset sectors.
Regulatory developments and global comparisonsThe report projects that upgrading the UK’s market infrastructure could raise the nation’s annual economic output by £33 billion ($44 billion) and boost annual tax revenues by £14 billion over the next decade, underscoring blockchain’s potential economic impact.
Woolard indicated that both the US and UK are targeting comprehensive stablecoin regulations for 2027. However, the UK is moving ahead in the wholesale space, as progress in the US has slowed due to legislative delays, such as the Clarity Act remaining stalled.
Currently, the FCA supervises crypto companies under anti-money laundering requirements. Expanded oversight is slated to begin when new rules under the Financial Services and Markets Act (FSMA) go into effect. The application window for registration under FSMA opens on September 30, with new regulations taking effect in October 2027.
Despite new rules, the report pointed out that the UK’s crypto company authorization process remains slower than the US. In contrast, the US Securities and Exchange Commission granted the Depository Trust Company a three-year pilot in December 2025 to run live tokenization projects immediately, rather than operating in test environments.
The report highlights that as traditional financial institutions and crypto-native firms converge, robust licensing and pragmatic regulation are becoming critical to maintaining the UK’s competitive edge in digital markets.
CountryRegulatory focusKey dateRegulatory bodyUKComprehensive stablecoin and wholesale digital marketsOctober 2027FCAUSStablecoin regulation (Clarity Act stalled), tokenization pilotsDecember 2025 (pilot starts)SECComing trends and industry participationOther industry news highlighted in the same period includes BlackRock, Goldman Sachs, JPMorgan, and Morgan Stanley participating in the UK government’s tokenization taskforce, further signaling robust institutional interest in the market’s transition onto blockchain infrastructure.
Crypto exchanges also reported a resurgence in activity. Centralized exchange (CEX) trading volumes rose in June for the first time in five months, with spot trading up 15.3% to $1.11 trillion and real-world asset perpetual volumes reaching a record $311 billion.
Meanwhile, ongoing geopolitical risks continue to impact market dynamics, as renewed hostilities between the US and Iran weighed on bitcoin’s performance despite strong demand reflected in ETF inflows.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The UK government has assembled a 54-member industry task force to advance the adoption of tokenization within the country’s wholesale financial markets. The group brings together major crypto firms including Circle, Ripple, and Coinbase alongside leading global financial players such as BlackRock, Goldman Sachs, J.P. Morgan, and Morgan Stanley.
Task force goals and structureChris Woolard, who took on the role of HM Treasury’s Wholesale Digital Markets Champion in April 2026 after serving as interim chief executive of the Financial Conduct Authority (FCA), introduced the task force in his first official report to Chancellor Rachel Reeves on July 13. The City of London Corporation is coordinating the task force, working with organizations such as TheCityUK, UK Finance, the Investment Association, and Innovate Finance.
The task force aims to build and deliver live, end-to-end use cases, starting with tokenized repo transactions over the next 12 months. Nine action groups within the task force will establish standards across priority segments of the market value chain.
The investor-oriented division of the City of London Corporation, The Global City, indicated that the first live trial of the repo use case is expected by spring 2027, with expansion to commodities and other asset classes under consideration later in the year.
Integration of crypto and traditional financeThe task force’s extensive roster goes beyond Wall Street institutions. Included on the stakeholder list are crypto and blockchain companies such as Circle, Ripple, Coinbase, Kraken’s Payward entity, Chainalysis, Fireblocks, Ctrl Alt, Digital Asset Holdings (the team behind the Canton Network), GFO-X, Ubyx, SLIX, Tokenovate, and Wintermute.
These firms will work alongside major financial institutions like HSBC, Barclays, UBS, Citi, State Street, the London Stock Exchange Group, and DTCC.
By bringing stablecoin issuers and cryptocurrency exchanges together with established banking giants, the initiative seeks to bridge the traditional and digital financial infrastructure often viewed as competitors.
Kirit Bhatia, chief digital assets officer at Banking Circle, noted that “the harder problem is plumbing, not issuance,” adding that payment infrastructure must support real-time settlement, cross-border movement, regulated money forms, and interoperability among stablecoins, tokenized deposits, and fiat payment systems.
Bhatia emphasized that “without it, digital assets risk becoming faster at the edges but still constrained by the legacy plumbing underneath.”
Mini dictionary: Tokenized repo, a form of repurchase agreement transaction that uses blockchain technology to tokenize the securities and cash flows, aims to improve speed, transparency, and efficiency compared to traditional repo markets.
Economic impact and projectionsWoolard’s report references a forecast from Boston Consulting Group that projects the tokenized real-world asset market could reach $88 trillion by 2035, compared to approximately $3 trillion in the current crypto and stablecoin market.
MetricCurrent Value (2026)Projected Value (2035)Total crypto and stablecoin market$3 trillion–Tokenized real-world asset market–$88 trillionUK additional annual economic output–£33 billionUK annual tax revenue–£14 billionFor the UK, the report anticipates a potential annual economic boost of up to £33 billion and an additional £14 billion in annual tax revenue by 2035.
Woolard characterized the competition between regions as “a network game” and cautioned that the UK’s leadership in the digital asset sector is not guaranteed. He suggested that the country “must move at the speed of the most agile players.”
Chancellor Rachel Reeves said that maintaining the UK’s lead in global finance will require “harnessing technologies like tokenisation,” while City of London Corporation Policy Chairman Chris Hayward described the initiative as an opportunity to “lead a digital Big Bang in financial services.”
Next steps for the initiativeThe task force’s work builds on previous projects, including DIGIT, the UK’s Digital Gilt instrument, a tokenized form of government bond. The first DIGIT is projected to launch in the first quarter of 2027 within the Bank of England and FCA’s Digital Securities Sandbox.
Feedback on Woolard’s report is open until September 4, 2026. Final membership for the nine action groups is scheduled to be confirmed by the end of September, with a second report to the Chancellor set for July 2027.
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 CEO Brad Garlinghouse says his company holds a substantial amount of XRP and cares deeply about the token’s future, but he draws a hard line when it comes to control. Speaking at the KU School of Business, Garlinghouse explained why he believes XRP was never the kind of asset the SEC accused it of being.
No company, no control
Garlinghouse says XRP looks more like Bitcoin than a security tied to a company. Unlike Ripple’s own shares, which came from private funding rounds in 2012, 2015, and 2016, XRP carries no ownership stake in the business. “There’s Ripple, cares about a lot. We own a lot of XRP, but we can’t control it because it’s open source,” he said.
That distinction sat at the center of the SEC’s 2020 lawsuit, which accused Ripple of selling unregistered securities. Garlinghouse pushed back hard on the characterization, arguing that XRP functions nothing like traditional company stock. “That’s owning Apple stock,” he said of what a real security looks like. “It wasn’t even close.”
Meetings that never raised a red flag
Garlinghouse met the SEC four times between 2017 and 2019 without a lawyer once. He said he saw no need for legal representation at the time, since he was simply explaining how Ripple’s technology worked. Not once, he said, did anyone at the agency warn him that XRP might be classified as a security.
That silence became a sore point once the lawsuit landed. The SEC sued both Ripple and Garlinghouse personally in 2020, tied to XRP he had sold as an individual. He called the timing distasteful, and even unethical, especially after the agency later offered to drop his personal case while continuing to pursue the company. The SEC agreed to drop his own case but not the one filed against Ripple itself.
A costly fight, and a shift after 2020
That four year legal fight with the SEC cost Ripple roughly $150 million. Ripple ultimately won the case, though the agency’s leadership at the time signaled plans to appeal. Garlinghouse said the environment shifted after a new SEC chair took office, one he described as far more constructive toward the crypto industry.
He tied the entire episode back to a broader argument he has made for years: that most people in crypto want clear rules, not a fight after the fact.
Story Ends Here
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XRP (CRYPTO: XRP) attorney John Deaton on Sunday said the SEC sued Ripple executives individually to force a faster settlement, calling it a deliberate intimidation campaign that reached their families.
How Far Did The SEC’s Intimidation Tactics Actually Go?Deaton argued on X that former SEC Chair Jay Clayton explicitly stated in a prior interview that suing individual executives, even in non-fraud cases, gives the government settlement leverage over the company.
“When the full weight and force of the United States Government comes after you, I don’t care who you are — it can be quite intimidating,” Deaton wrote. “That’s why Clayton did it.”
Prosecutors attempted to subpoena every credit card and bank statement belonging to Brad Garlinghouse and co-founder Chris Larsen, including records from their wives and family members, despite both executives having already handed over every XRP transaction ever made.
The judge shut that request down.
Deaton identified those same prosecutors as the team an appellate court later described as “arbitrary and capricious” and the same lawyers sanctioned in the Debt Box case for committing fraud upon the court.
The SEC complaint was drafted in a fraud-like style despite the agency never alleging fraud, a tactic Deaton said was designed to pressure the defendants into settling.
The same team lied to the court, claiming Deaton had threatened to beat up SEC staff, and asked the court to bar him from serving as amicus counsel on behalf of 75,000 XRP holders.
However, Garlinghouse and Larsen refused to settle through all of it, winning the case with those 75,000 holders behind them.
From Delisted To Institutional: How XRP Survived The SECRipple fought through four years of litigation and roughly $150 million in legal fees. A federal judge ultimately ruled that XRP itself was not a security and that programmatic sales on exchanges did not constitute securities transactions.
CEO Brad Garlinghouse revealed last week that Ripple had come close to shutting down entirely and distributing its XRP holdings to shareholders before choosing to fight.
Ripple has since secured licenses across multiple jurisdictions and expanded its U.S. operations, with banks actively building on its payments infrastructure.
XRP Price Update: Key Levels to WatchWhale activity on the XRP Ledger dropped sharply as crypto analyst Ali Charts noted on Monday.
Transactions worth more than $1 million fell from 70 over the past week to just 2 on Monday.
XRP is sitting below its 20-day EMA at $1.1044 and 50-day EMA at $1.1606. Meanwhile, buyers have repeatedly defended the $1.03 to $1.05 support zone, but the falling trendline keeps producing lower highs.
Key levels for XRP: $1.03 — losing this on a daily close confirms a breakdown and opens $1, then $0.95 $1.10 — first level XRP needs to reclaim to break the descending trendline Image: Shutterstock
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Ripple CEO Brad Garlinghouse recently shared that in the wake of the US Securities and Exchange Commission’s (SEC) 2020 enforcement action, he and co-founder Chris Larsen carefully evaluated shutting down the organization and allocating its extensive XRP reserves directly to equity holders. This alternative would have involved winding up operations and transferring tokens on a proportional basis before formally dissolving the entity.
Speaking to a live audience of students and alumni, Garlinghouse described the period as one filled with profound uncertainty.
He characterized the dissolution route as potentially the less complicated choice when squaring off against a regulatory body possessing seemingly unlimited resources and authority.
By eliminating the corporate defendant and redistributing holdings, the company could have left the lawsuit without a target, effectively concluding the matter.
The plan under discussion centered on Ripple’s substantial XRP treasury.
Distributing these assets to shareholders proportionally and ceasing business activities would have removed any ongoing corporate involvement with the token in a legal sense.
This approach reflected the intense pressure the firm faced amid allegations concerning unregistered securities offerings.
Despite the appeal of an immediate resolution, the leadership team ultimately decided against it.
Garlinghouse noted that closure would have resulted in significant job losses for hundreds of employees, an outcome viewed as undesirable even if strategically simpler at the time.
Instead, Ripple committed to a full legal defense, investing substantial resources—approximately $150 million—over several years while navigating an unpredictable regulatory landscape.
This perseverance yielded important milestones. A notable 2023 court decision established that XRP does not constitute a security when sold on secondary markets.
The dispute reached resolution in 2025 through a settlement that included a $50 million civil penalty and limitations on future institutional sales practices.
These developments provided much-needed regulatory clarity for the firm and the broader digital asset sector.
Garlinghouse’s reflections, shared during an engaging discussion at his alma mater, highlight the personal and professional challenges inherent in pioneering blockchain-based financial solutions.
The choice to fight preserved talent, sustained innovation in cross-border payments, and allowed the company to secure numerous international licenses.
Ripple has since advanced initiatives around tokenization, stablecoins, and enterprise blockchain applications, demonstrating resilience forged through adversity.
The disclosure offers valuable insight into decision-making during one of crypto’s most scrutinized regulatory confrontations.
It illustrates how founders balanced short-term survival options against long-term vision for industry utility and adoption.
Many in the ecosystem faced similar pressures, underscoring the high stakes of operating at the intersection of technology and evolving financial oversight.
Today, with enhanced policy direction and global partnerships, Ripple continues building infrastructure for efficient value transfer.
Garlinghouse’s account serves as a testament to strategic conviction, showing how steering through crisis can strengthen an organization’s foundation for future growth.
It also encourages the current / ongoing dialogue about balanced regulation that supports responsible innovation without stifling progress. This episode now remains a compelling case study in entrepreneurial leadership under regulatory duress, reminding stakeholders of the determination required to advance transformative financial technologies.
Ripple XRP remains above the key psychological level of $1, though analysts are watching whether buyers can sustain this threshold following a sharp drop in high-value whale transactions. The cryptocurrency has seen selling pressure ease on shorter timeframes, but broader technical signals still support a cautious view.
XRP price tests critical support zoneCurrently, XRP trades around $1.09 on Bitstamp, reflecting a modest daily gain of approximately 0.18%. Despite the minor uptick, the coin has remained under downward pressure in recent weeks, creating a fragile market outlook.
Market observers note that XRP is gradually moving closer to the $1.00 support level, a zone that acted as a significant breakout point nearly two years ago. Many traders see this area as the first meaningful line of defense where buying could return.
On the four-hour chart, attention is also focused on potential support around $0.95. Technical analysts identify an emerging ending diagonal pattern, often linked with trend exhaustion, as XRP trends lower.
@ew-forecast, a widely followed market analyst, indicated this formation may suggest selling pressure is maturing, but emphasized that the broader market structure remains bearish until a confirmed reversal appears.
XRP is gradually approaching a significant support zone near $1.00, an area which once served as the foundation for a large breakout nearly two years ago. Many traders are eyeing this level as the first meaningful support where buying interest could re-enter the market.
A persistent drop below $0.90 could invalidate near-term reversal prospects and potentially trigger a deeper price correction for XRP.
Sharp decline in whale transactions on XRP LedgerOn-chain data reveals a significant reduction in activity from large XRP holders. Santiment’s analytics, as shared by Ali Martinez, show that daily XRP Ledger transactions exceeding $1 million have plunged from nearly 70 earlier in the week to only 2 in the most recent session.
The falloff does not necessarily signal heavy selling. Instead, it highlights that major investors are currently less active in the market.
Periods marked by lower whale activity often coincide with sideways price movement or subdued volatility, but may also indicate that large holders are waiting for clearer signals before deploying capital.
Since whale wallets influence both liquidity and market sentiment, traders closely monitor such flows as potential clues to institutional moves and accumulation patterns.
Mini dictionary: Santiment, an on-chain analytics platform, provides real-time insights into cryptocurrency network activity, tracking wallet movements and transaction sizes to help investors interpret market trends.
Technical signals and trend indicatorsAccording to TradingView’s latest technical summary, XRP holds a Neutral overall rating, although the detailed breakdown leans bearish. The platform currently shows 14 Sell signals, 10 Neutral, and 2 Buy indications, with both weekly and monthly timeframes maintaining a bearish stance.
Momentum indicators are split: the Relative Strength Index (RSI) stands at 43.45 (Neutral), Stochastic %K is at 42.36 (Neutral), and the Commodity Channel Index (CCI) reads +8.11 (Neutral). The Average Directional Index is low at 14.74, and the Awesome Oscillator posts -0.018, both in Neutral territory. The only Sell among oscillators is Momentum (10) at -0.047, while the MACD (12,26) gives a Buy at -0.015.
With these readings, the market registers as directionless, though mild bearish momentum remains as RSI stays below the midpoint. The low ADX reading further points to a lack of strong trend direction.
IndicatorValueSignalRSI (14)43.45NeutralStochastic %K42.36NeutralCCI+8.11NeutralADX14.74NeutralMomentum (10)-0.047SellMACD (12,26)-0.015BuyMoving averages further highlight the challenging environment. The EMA 10 stands at $1.098, SMA 20 is at $1.087, EMA 50 at $1.161, and EMA 200 at $1.468—all above the current price, signaling a continuation of the overall downtrend. Only the Hull Moving Average (9) shows a Buy at $1.083, while the Ichimoku Base Line remains Neutral.
Moving AverageLevelSignalEMA 10$1.098SellSMA 20$1.087SellEMA 50$1.161SellEMA 200$1.468SellHull MA (9)$1.083BuyThe clustering of critical averages above the spot price points to ongoing weakness. Any upward movement is likely to face resistance unless several of these benchmarks are reclaimed.
Key price levels and outlookPivot point analysis identifies the central level near $1.128, positioning XRP below the threshold that usually signals a short-term bearish outlook. Resistance remains at $1.249 (R1), $1.459 (R2), and $1.790 (R3), with support at $0.918 (S1), $0.798 (S2), and $0.467 (S3).
LevelPricePivot$1.128Resistance 1 (R1)$1.249Resistance 2 (R2)$1.459Resistance 3 (R3)$1.790Support 1 (S1)$0.918Support 2 (S2)$0.798Support 3 (S3)$0.467Analysts continue to monitor the $1.00 to $0.95 area for signs of support, while key resistance levels cluster between $1.10 and $1.13, where moving averages converge. Although the presence of an ending diagonal hints at the possibility of decreasing selling pressure, a more optimistic outlook would only follow if XRP consistently forms higher lows and breaks above immediate resistance zones. For now, subdued whale activity, persistent bearish signals from moving averages, and a lack of clear trend leave the market in a holding pattern.
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] was down 2.23% in the past 24 hours, 4.24% in a week, and 6.83% over the past month. The steady price decline traces its origin back to August 2025, when the altcoin set a swing high, but not an all-time high, at $3.66 before descending.
AMBCrypto reported that the Open Interest has been in decline, showing a reluctance from derivatives traders to place directional bets. Falling exchange reserve trends were also spotted. It suggested accumulation but does not promise a quick recovery.
Low whale-to-exchange flows might be a sign of reduced selling intent from large market participants, but the price trends remained bearish. Sustained negative funding rates could be a medium-term buying opportunity, an analyst observed.
XRP price prediction- Here’s what a bullish reversal hinges on Source: XRP/USDT on TradingView The 1-day chart showed a bearish swing structure continuation in June, when the prices slipped below the February swing low at $1.11. This signaled a downward trend continuation.
The technical indicators agreed with this idea. The OBV has been moving sideways in the past six weeks as XRP prices bounced between $1.0 and $1.2.
The Awesome Oscillator was below the zero line, but did not show strong momentum in progress.
Based on the swing structure and the Fibonacci retracement levels [yellow], a bounce as high as the 78.6% retracement level at $1.529 is possible.
However, it is unclear if the bounce could go that high. Market sentiment across the crypto sphere was pessimistic. The OBV showed a lack of accumulation in recent weeks.
Absent demand meant a price drop below $1 is more likely than a recovery toward $1.5. The falling wedge pattern would need a confirmed breakout above resistance before it can be treated as a reliable reversal signal.
Traders call to action- Wait to buy Source: X In a post on X, popular technical analyst Chart Nerd pointed out that XRP’s drawdown from the cycle’s peak has not yet reached the average from previous cycles. This average came to 87%.
A bear market correction from the peak would take XRP prices to $0.44, if this average drawdown figure is met.
As things stand, XRP traders and investors need to keep an eye on $1.0, $0.85, and $0.60 as the next staunch supports.
Final Summary The dwindling Open Interest pointed to reduced speculative activity around XRP. Accumulation trends need to be backed by strong spot buying to give the altcoin a chance at recovery.
Ripple's highly regulated RLUSD stablecoin is seeing some adoption beyond payments. Recently, it helped to fund an initiative that it meant to support US businesses that are owned by military veterans and their spouses.
On Monday, nonprofit organization Hire Heroes USA announced the first 25 recipients of the grants that are part of Ripple's nationwide initiative.
The program has awarded $10,000 grants to each of 25 businesses. Recipients will also receive Hire Heroes USA's Certified Veteran Employer training, access to employer resources, and assistance with expanding operations.
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According to Hire Heroes USA, the initiative is intended to bolster veteran- and military spouse-owned businesses while creating new employment opportunities within the military community.
"Veteran and military spouse-owned businesses are a critical source of innovation, job creation, and economic opportunity," Jonathan Perri, Ripple's Director of Social Impact, said in a statement.
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Eligible businesses for the program must be at least 51% owned by a U.S. military veteran or military spouse, operate within the United States, and demonstrate a commitment to hiring veterans and military spouses over the next 12 to 18 months.
The grants are part of Ripple's broader environmental, social, and governance (ESG) and philanthropic effort.
RLUSD, which has now become one of the top regulated stablecoins, was initially introduced as an enterprise-grade stablecoin for payments and tokenized finance. However, it is now also used for funding community-focused programs.
Ripple's philanthropic efforts Ripple has donated more than $250 million globally, supporting universities, nonprofits, and social enterprises across more than 80 countries. Its programs generally focus on blockchain research, sustainability, and so on.
Last year, it pledged $25 million (mostly in RLUSD) to DonorsChoose and Teach For America. Ripple described the donation as one of the first major philanthropic programs funded with a stablecoin.
The company has also secured partnerships with Mercy Corps Ventures, Water.org, the International Rescue Committee, and Accion Opportunity Fund.
Ripple, a leading enterprise blockchain and cryptocurrency company based in San Francisco, has expanded the use of its regulated RLUSD stablecoin beyond traditional payments. In a partnership with nonprofit Hire Heroes USA, Ripple recently funded a grant program supporting U.S. businesses owned by military veterans and their spouses.
Ripple’s nationwide veteran business initiativeOn Monday, Hire Heroes USA announced the first 25 recipients of the grants, each receiving $10,000 to help grow their businesses. In addition to the financial support, the selected companies will have access to Certified Veteran Employer training, employer resources, and guidance for scaling their operations.
Hire Heroes USA, a nonprofit dedicated to empowering veterans and their families to gain civilian employment, stated that the new initiative aims to strengthen veteran- and military spouse-owned enterprises. The program also focuses on generating new job opportunities for members of the military community.
Jonathan Perri, Ripple’s Director of Social Impact, remarked that veteran and military spouse-owned businesses play a vital role in innovation, job creation, and providing economic opportunities.
To qualify for the grants, businesses must be at least 51% owned by a U.S. military veteran or military spouse, operate within the United States, and show a plan for hiring veterans and military spouses within the next 12 to 18 months.
RLUSD stablecoin’s expanding roleThe RLUSD stablecoin, launched by Ripple as a regulated, enterprise-grade digital asset, was originally designed for uses in payments and tokenized finance. In recent months, it has also served as a funding vehicle for programs with a social impact focus.
Mini dictionary: RLUSD (Ripple USD Stablecoin) — A fully regulated, US dollar-backed stablecoin developed by Ripple, designed to provide enterprise-grade security and transparency for digital payments and tokenized financial operations. RLUSD is backed one-to-one by reserves and registered with US regulatory authorities.
Ripple’s philanthropic efforts through RLUSD are part of its broader environmental, social, and governance (ESG) strategy. The firm has contributed over $250 million to global projects, partnering with universities, nonprofits, and social ventures in more than 80 countries. Its grant programs prioritize areas such as blockchain research, innovation, and sustainability.
Philanthropy, partnerships, and impactIn 2023, Ripple committed $25 million—primarily in RLUSD stablecoin—to educational organizations DonorsChoose and Teach For America. Ripple identified this as one of the earliest large-scale philanthropic initiatives to leverage stablecoins for funding.
Ripple also continues to build partnerships with international nonprofits, including Mercy Corps Ventures, Water.org, the International Rescue Committee, and Accion Opportunity Fund. These collaborations reinforce the company’s drive to apply blockchain technology and digital assets for social good, in addition to expanding its core business in payments and finance.
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.
At press time, XRP was trading at $1.06, down 3.53% in the last 24 hours and 7.54% in the past week. This made it the second-biggest loser among the top ten cryptocurrencies during that period, trailing only Hyperliquid (HYPE), which is down 6.55% in the past day.
Key factors that influenced the XRP price todaySeveral factors are to blame for this decline, the biggest being a broader market downturn as investors anticipate inflation-induced interest rate hikes. A week ago, Iran re-ignited its conflict with the US after attacking three commercial vessels off the coast of Oman. This led to the collapse of the June 17 peace memorandum, with both nations resuming strikes against each other.
As a result, oil prices are now up over 8-9% in the past 24 hours – something that typically renews macro inflation fears.
Source: oilprice.com
Notably, the US Federal Reserve attributed part of the inflation to the artificial intelligence (AI) boom at its June Federal Open Market Committee (FOMC) meeting. Just today, Fed Governor Christopher Waller warned that if tomorrow’s Consumer Price Index (CPI) reading is high, the Fed could be forced to hike interest rates.
FED AT A CROSSROADS: RATE HIKE BACK ON THE TABLE
Fed Governor Christopher Waller warned that another hot core inflation reading could force policymakers to consider raising interest rates soon.
While the US economy remains resilient, persistent price pressures from tariffs,…
— *Walter Bloomberg (@DeItaone) July 13, 2026 Fed Chairman Kevin Warsh remains slightly positive, arguing that AI could eventually boost economic efficiency, thereby creating a deflationary force in the long term.
Even more, today XRP price broke below the critical $1.07 Fibonacci support, which it had been holding for 158 consecutive days. This further fueled selling pressure, with long liquidations over the past 24 hours totaling $6.67 million, according to CoinGlass.
Technical levels to watch forWith the $1.07 price now acting as the new overhead resistance, the next support levels are the $1.00 psychological floor and the 18.75% Fibonacci level at $0.9980. The final major support line after that is the 12.50% macro retracement level at $0.7925. One analyst, however, has posted evidence of a potential 60,000% gain from a historical perspective.
Ironically, today is the 3rd anniversary of the “XRP Victory Day.” But while the community celebrates the landmark SEC ruling, selling pressures continue to overwhelm local bullish sentiment.
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BitMine Immersion Technologies has made a significant acquisition of Ethereum, purchasing $49 million worth of the cryptocurrency. BitMine Chairman Tom Lee attributes this move to the growing demand following the launch of the Robinhood Chain, an Arbitrum-based Ethereum Layer-2 network that has been gaining traction. The Robinhood Chain, which launched its public mainnet on July 1, 2026, offers 24/7 tokenized stock trading and DeFi features, contributing to increased Ethereum usage as it serves as the network’s native gas token.
The acquisition marks BitMine’s continued strategy to expand its Ethereum holdings, aligning with its goal to control a substantial portion of the total Ethereum supply. This latest purchase brings BitMine’s total Ethereum holdings to over 4.2 million ETH, approximately 3.5% of the total circulating supply. As Ethereum’s role as a financial infrastructure component grows, institutional demand for the cryptocurrency appears to be on the rise.
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Market participants are closely watching these developments, as they may influence Ethereum’s price trajectory in the coming weeks. Current pricing for Ethereum’s potential to reach $1,900 by the end of July is at 51% YES, suggesting moderate confidence in upward price movement.
Key Takeaways BitMine’s $49 million Ethereum purchase appears to indicate strong institutional interest, potentially impacting market sentiment. The Robinhood Chain’s success is cited as evidence of growing use cases for Ethereum, supporting its role as financial infrastructure. Current pricing suggests a moderate probability of Ethereum reaching $1,900 in July, reflecting recent developments. What to Watch Watch for further institutional activity and any announcements from key players like Vitalik Buterin or major financial institutions. The ongoing performance of the Robinhood Chain may continue to impact Ethereum’s utility and demand. Additionally, regulatory developments or changes in macroeconomic conditions could influence Ethereum’s price movement in the near term.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 51.5% — — View market → August 1 2026 3.2% — — View market → August 1 2026 22.5% — — View market → August 1 2026 7% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 10.5% — — View market → August 1 2026 14.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.5% — — View market → August 1 2026 2.8% — — View market → August 1 2026 5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.7% — — View market → August 1 2026 65% — — View market →
ETH looks "pretty attractive" in the short term, said one popular analyst.
The second-largest cryptocurrency has staged a minor resurgence over the past week, while numerous analysts believe a much more substantial pump could be on the way.
Certain technical indicators support the bullish outlook and may indeed set the stage for a more meaningful recovery.
Is ETH Ready to March? After the devastating June lows, the bulls clawed back some of the losses and even briefly pushed the price above $1,800 over the weekend. However, the bears offered strong resistance, and ETH currently trades at around $1,750 (per CoinGecko), representing a 1% increase for the past week.
According to X user Ted, such a level can be considered a good sign and shows that sellers no longer dominate. He believes that holding above the $1,750 support zone is crucial and could open the door to a rally towards $2,000.
Michael van de Poppe was even more optimistic, expecting the next breakout to push ETH to $2,500. For their part, AlΞx Wacy claimed that the asset needs to break above a certain descending trendline that has historically fueled 250% pumps in weeks. The analyst pointed out that this critical threshold sits at around $1,880.
Altcoin Sherpa gave their two cents, too. While noting ETH’s price decline over the last several months, the analyst described it as “pretty attractive” in the short term with potential to climb to around $2,500.
Ali Martinez also chipped in, vowing to open a long position in ETH if its price surpasses $1,850. It is important to note that his previous take on the asset was rather bearish, outlining that its TD Sequential indicator flashed a sell signal and that could be followed by a plunge to as low as $1,700.
You may also like: Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade ‘Summer of Ethereum Love’ Gaining Steam, Says Lubin, But When Will ETH Price Follow? Bitmine Buys Another 42K ETH as 5% Supply Goal Comes Within Reach The Bullish Metrics ETH’s Relative Strength Index (RSI) reinforces the predominant optimism shared by the aforementioned analysts. The technical analysis tool, whose ratio runs from 0 to 100, has fallen to around 30, indicating that the asset has entered oversold territory and could be on the verge of a rally. Conversely, readings above 70 are interpreted as pre-pullback signals.
ETH RSI, Source: RSI Hunter Next on the list is the declining amount of ETH stored on exchanges. Today (July 13), the figure dropped to a nearly ten-year low of around 15.3 million units. Fewer coins on centralized platforms usually result in reduced immediate selling pressure.
ETH Supply on Exchanges, Source: CryptoQuant Tags:
BitMine Immersion Technologies, a publicly traded firm specializing in holding Ethereum, increased its Ethereum holdings by acquiring 27,801 ETH worth $49 million last week. This purchase brings BitMine’s total stash to 5,770,038 ETH, representing nearly 4.8% of the token’s circulating supply, according to recent disclosures.
Major accumulation amid strong Ethereum demandWith Ethereum trading around $1,780 on Monday, BitMine’s current holdings are valued at approximately $10.1 billion. The company’s significant accumulation highlights sustained demand for Ethereum among institutional treasuries, even as wider cryptocurrency markets remain volatile.
BitMine Immersion Technologies focuses on actively managing digital asset reserves and is among the largest Ethereum treasury holders globally.
EntityEthereum (ETH) HeldEstimated Value% Circulating SupplyBitMine5,770,038$10.1 billion4.8%Shares of BitMine (BMNR) traded around $14.65 after the opening bell on Monday, reflecting a decline of more than 2.2% since trading began. Over the past week, BitMine shares dropped 5.7%, while Ethereum rose approximately 1.3% during the same period. However, Ethereum itself slipped about 2% in the last 24 hours.
Robinhood Chain’s impact on EthereumTom Lee, chairman of BitMine, commented on Ethereum’s ecosystem enhancement, citing the successful launch of Robinhood Chain’s layer-2 mainnet. Lee said the Robinhood Chain, which went live on July 1 and operates as an Arbitrum-based layer-2 solution, has accelerated activity in decentralized finance. Robinhood, a mobile brokerage platform with millions of users, allows crypto trading and now features its own blockchain scaling solution.
“One of the biggest crypto success stories in 2026 is the breakaway success of the Robinhood Chain L2 mainnet,” Lee stated, noting that dollar volumes have already exceeded $1 billion and Robinhood Chain now surpasses other decentralized exchanges in terms of trading volume. Lee claimed that this demonstrates Ethereum’s robust product-market fit, as Robinhood Chain leverages Ethereum’s security and settlement infrastructure.
“Robinhood’s 27 million users are paying crypto fees denominated in ETH. In other words, everyday users are starting to see ETH as money,” said Tom Lee.
Robinhood Chain uses ETH as its native gas token and finalizes transactions on the Ethereum mainnet. According to Token Terminal data, Robinhood Chain hosts 788,000 active addresses to date, suggesting early traction among users. Some early traders on the blockchain have reportedly generated large paper profits, including a case where one individual turned $85 into over $2 million.
In the last week, decentralized exchange (DEX) volumes on Robinhood Chain surpassed $3 billion, based on DeFi Llama data. However, these figures still lag established networks like Solana and Ethereum, which saw $12.34 billion and $7.27 billion in DEX volume, respectively, over the same period.
Mini dictionary: Robinhood Chain: A layer-2 (L2) blockchain built on Arbitrum that scales the Robinhood trading ecosystem, supporting cheaper, faster transactions and using Ethereum as the settlement layer. Layer-2 solutions process transactions off the main blockchain before settling them on the base chain, improving scalability and user experience.
Strategy focuses on cash reserves, pauses Bitcoin buyingWhile BitMine pushed further into Ethereum, the digital asset company Strategy held off on additional Bitcoin purchases for the third week in a row. Instead, the firm raised $467 million last week by issuing common stock, increasing its cash holdings—referred to as USD Reserve—to $3 billion. No new Bitcoin acquisitions were reported during this period.
Shares of Strategy opened at $90.80 on Monday, representing a 4% decrease after the opening bell. Although no Bitcoin was added to the treasury, Strategy significantly strengthened its liquidity position compared to prior weeks.
The divergent approach taken by BitMine and Strategy reflects contrasting treasury management strategies across the digital asset industry, especially as volatile market conditions persist and competition within major networks intensifies.
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.
WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.
According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.
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The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.
According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.
6 hours ago
Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.
Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)
6 hours ago
Mizuho: Circle’s Approval by U.S. National Trust Bank Fails to Alter Its Fundamentals, USDC Still Faces Growth and Competitive Pressures
Japanese investment bank Mizuho stated that Circle’s final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank is a positive development, but it does not address the firm’s core current challenges. Mizuho maintains a "neutral" rating on Circle, warning that the market’s reaction to this positive news may be overly optimistic. The firm notes that since March this year, USDC’s circulating market capitalization has fallen by roughly $70 billion to around $740 billion, a sign of slowing growth momentum that could weigh on Circle’s transaction revenue and reserve earnings. Additionally, Mizuho highlights that Open USD (OUSD), a stablecoin complying with the GENIUS Act and launched by over 140 financial and tech firms including Mastercard, Stripe, and Coinbase, is intensifying market competition. As more consortium-based stablecoins emerge, the stablecoin sector may become more homogeneous, making it increasingly difficult for Circle to retain its competitive advantage.
6 hours ago
Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.
According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.
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Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.
Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.
Bitmine Immersion Technologies, a company rarely in the crypto spotlight, now claims to hold 5.77 million ETH—representing 4.8% of the total circulating supply of 120.7 million ether. According to the company’s announcement, those ETH holdings are part of a broader crypto and cash treasury totaling $11.3 billion.
The announcement frames the accumulation as 96% of the way to what it calls the “Alchemy of 5%”—a milestone of owning 5% of all ether in existence, achieved in just twelve months. If accurate, the holding would rank Bitmine among the largest known ether whales, dwarfing the Ethereum Foundation’s publicly known position and rivaling some of the largest staking entities. Miners and infrastructure firms rarely accumulate ether on this scale, making Bitmine’s approach a departure from the typical model of selling into strength to fund operations. The firm’s treasury now rivals that of some of the largest exchange wallets tracked by on-chain analytics.
Ethereum remains the most active blockchain by developer activity, as highlighted in a recent Top 10 Blockchains by Developer Activity This Week report. That level of protocol usage makes such concentration a real governance concern: a single entity approaching 5% of supply could influence staking rewards, validator sets, and even protocol upgrade votes if the tokens are actively staked. It also raises questions about the dispersion of ether’s supply, which has long been a point of debate among Ethereum’s core developers.
The numbers and the missing proof What’s striking about the release is the absence of any on-chain verification. Bitmine’s announcement, distributed via PRNewswire, provides no public wallet address, no auditor’s attestation, and no snapshot of a custody arrangement. For a holding worth upwards of $10 billion—assuming a rough ETH price of $1,800—the lack of verifiable proof will immediately draw skepticism from market participants accustomed to tracking large wallets like those of exchanges or protocol treasuries.
The company itself is not a household name. Bitmine specializes in immersion cooling technology for cryptocurrency mining, and its stock trades under the ticker BMNR. A pivot to amassing such a large liquid treasury would mark a dramatic expansion of its treasury function, far beyond what most mining or infrastructure firms attempt.
Institutional appetite meets opacity Corporate crypto treasuries have become a fixture of the market narrative. Yet the typical pattern—from MicroStrategy’s bitcoin acquisitions to Tether’s USDT attestations—includes a layer of disclosure that Bitmine has not yet offered. The institutional trend is real: tokenized real-world assets have crossed $20 billion on-chain, as detailed in a recent Weekly Tokenization Roundup. But transparency remains the price of credibility in that shift.
Without visibility, the market cannot price in the risk of a potential sell-off by such a concentrated holder. If a 5.77 million ETH position were to be unwound, even partially, it could create liquidity shocks across centralized and decentralized venues. That’s a tail risk that traders will watch closely if the claim gains any traction.
Regulatory and governance implications At the same time, U.S. lawmakers are debating the contours of a major crypto bill, with banking interests attempting to weaken it just days before a Senate vote. An opaque, multi-billion-dollar ETH position controlled by a single issuer could become a flashpoint for regulators already uneasy about market influence and investor protection. If Bitmine’s claims hold true, they may attract attention not only from the SEC but also from the Ethereum community itself, which relies on a distributed validator set to maintain network security.
Bitmine says it’s 96% of the way to its 5% target. Whether the crypto world will treat that figure as fact remains an open question until the company provides independently verifiable evidence—or the public blockchain either confirms or contradicts the tally. For now, the announcement stands as a bold claim in a market where words carry weight only when matched by code.
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Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
