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News | Crypto Converter | Crypto Calculators

Mac malware pairs Telegram hijacking with crypto wallet theft

Key points:

• New macOS malware can hijack authenticated Telegram sessions and steal crypto wallet data.

• Attackers can attempt to decrypt wallet files or use fake Ledger and Trezor apps to capture recovery phrases.

News - A newly analyzed macOS information stealer is targeting both Telegram accounts and cryptocurrency wallets through a coordinated attack chain, according to blockchain security firm SlowMist.

The malware collects data from macOS Keychain, Safari, Apple Notes, Telegram Desktop, browser wallet extensions, and wallet databases. Its targets include Exodus, Atomic Wallet, Electrum, Wasabi, Monero, Ledger Live, Trezor Suite, and several full-node clients.

Rather than relying on one theft method, attackers can combine stolen passwords, authenticated sessions, and wallet files to pursue multiple routes into a victim’s crypto accounts.

Telegram protection stops at the device - Telegram’s two-step verification does not block this attack because the malware is not creating a fresh login.

SlowMist demonstrated that stolen Telegram Desktop session data could be restored on another Mac without a phone number, verification code, or two-step verification password. That gives attackers access through a session the victim had already authenticated.

Wallet theft does not require an instant drain - The malware can copy encrypted wallet databases and attempt to unlock them offline using passwords harvested from the infected device.

For hardware wallet users, the attack can go further. SlowMist said legitimate Ledger or Trezor applications may be replaced with fake versions that prompt users to enter their recovery phrases.

A password reset may not be enough - SlowMist advised suspected victims to terminate Telegram sessions, change Telegram security credentials, create a new recovery phrase on a clean device, and move assets to new addresses.

Once a private key or recovery phrase is exposed, changing only the wallet password does not secure the funds.

South Korea and Japan’s AI selloffs make Bitcoin look comparatively calm

Key points:

• South Korea’s Kospi entered a bear market, while Japan’s Nikkei and Kioxia sank in an AI-led unwind.

• Bitcoin remains near $63,000 under long-term-holder selling, yet its implied volatility is far below the Kospi’s.

News - South Korea and Japan are absorbing sharp reversals in AI-linked equities just as Bitcoin tests $63,000, creating an unusual comparison between stressed stock markets and crypto.

The Kospi has fallen nearly 25% in four weeks and entered a technical bear market. Japan’s Nikkei dropped as much as 4.4% on Friday as chip stocks sold off, while Kioxia plunged 16% in one session after a steep monthlong reversal.

South Korea’s leverage amplifies the fall - Retail enthusiasm for AI stocks, margin trading, and leveraged ETFs magnified the Kospi’s decline. Its 30-day implied volatility reached about 81%, more than twice Bitcoin’s roughly 38%.

The comparison does not make Bitcoin stable. It shows that options markets are pricing substantially greater volatility in Seoul.

Japan’s chip boom meets its bust - Kioxia had briefly surpassed Toyota in market value before the reversal. Bain Capital’s full exit, retail leverage, and concerns about the semiconductor cycle added pressure as Advantest and SoftBank also fell sharply.

Bitcoin’s weakness follows a different route - More than 65% of coins moving onto exchanges came from long-term holders realizing losses, according to Glassnode. Modest ETF inflows have not lifted the price, although analysts said leverage is not crowded and spot selling remains the main pressure.

The contrast arrives as Japan classifies crypto as financial products and South Korea brings digital assets into its state-wealth framework. Whether equity losses accelerate crypto adoption remains unproven.

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Europe redraws banking as stablecoins, rates, and MiCA converge

Key points:

• The ECB says stablecoin growth could weaken bank deposits, while its digital euro project aims to keep banks central to payments.

• Europe is also weighing another rate increase and expanding MiCA’s licensed provider base for banks and crypto companies.

News - European policymakers are reshaping the region’s financial system across three fronts: digital money, interest rates, and regulated crypto services.

ECB Executive Board member Piero Cipollone warned that wider stablecoin adoption could erode commercial banks’ retail deposits. He also said banks are already losing payment fees and customer transaction data to mobile payment providers.

The digital euro offers banks a counterweight - Cipollone argued that a retail central bank digital currency could preserve public money while keeping banks involved in payments.

The ECB has selected 36 banks, fintechs, and payment companies for a 12-month pilot beginning in the second half of 2027. The test will precede any issuance decision, which could come as early as 2029.

Tighter rates add another pressure point - Economists expect the ECB to hold rates next week, although most surveyed by Bloomberg forecast a quarter-point September increase to 2.5%.

That outlook remains dependent on energy prices, inflation, and developments surrounding the Iran war. The Bank of Korea and Bank of Japan have also raised rates this year, extending the broader tightening trend.

Banks are entering crypto through MiCA - ESMA added 14 crypto-asset service providers to its register, lifting the total to 294 after 37 additions in the previous update.

New entrants include Ripple Payments Europe, Bison Bank, Croatia’s state-owned HPB, two German cooperative banks, and Kaiser Partner Privatbank. The slower licensing pace still shows traditional financial institutions moving deeper into Europe’s regulated crypto market.

Citadel’s $400M Crypto.com bet highlights crypto’s funding divide

Key points:

• Citadel Securities invested $400 million in Crypto.com at a $20 billion valuation, marking the exchange’s first institutional funding round.

• The deal stands out as crypto fundraising falls to its lowest monthly deal count since November 2020.

News - Citadel Securities has taken a $400 million stake in Crypto.com, giving the Singapore-based exchange a $20 billion valuation and its first institutional capital since launching in 2016.

Crypto.com said the funds will support expansion into tokenized securities, derivatives, and other asset classes. The deal deepens Citadel’s crypto exposure after its $200 million investment in Kraken in November 2025.

An outlier, not a funding rebound - Crypto companies completed 61 funding rounds in June, down 31.5% from May and the lowest monthly total since November 2020, according to CryptoRank.

Capital raised also fell to $1.44 billion from $3.89 billion in May. July remained subdued through mid-month, even as a few established platforms continued attracting nine-figure checks.

The announced strategy centers on tokenization - The announced expansion centers on tokenized securities and derivatives rather than direct exposure to Bitcoin.

That focus mirrors a wider push by traditional finance firms into crypto infrastructure, including stakes by Citadel in Kraken, Intercontinental Exchange in OKX, and Nasdaq in Gemini.

Scale is concentrating at the top - The investment arrives while Bitcoin is down 28% this year and the broader crypto market is valued near $2.2 trillion.

The contrast suggests institutional capital has not disappeared, but it is flowing unevenly. Large incumbent exchanges are still drawing major checks, while the wider funding market records fewer deals.

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More stories from the crypto ecosystem

• ‘Median hack size’ declines despite 3 DeFi exploits in 24 hours – Here’s why!

• ‘40% of long-term supply under loss’ – Why Fidelity foresees Bitcoin cycle bottom

• How BONK’s post-exploit moves could spur a price decline of 18%

• Bitcoin price prediction: $55.5K or $70K for its next impulse move?

• Polygon adds 107K holders in a month – What’s holding POL price back?

Crypto scams uncovered

• The second theft arrived wearing a law-firm letterhead: The FBI warned that fictitious law firms target people who have already lost money to crypto scams, sometimes citing exact details from the original theft before directing victims to fake foreign-bank platforms and demanding additional fees.

• The fake paycheck grew only after the worker paid in: Cryptocurrency job scams recruit victims for simple online tasks, allow some early withdrawals to create trust, and then demand increasingly large crypto deposits until the account is frozen and every deposited dollar is stolen.

• The QR code finished the robbery before the ATM did: Crypto ATM scammers stay on the phone while victims deposit cash, then send a QR code containing the scammer’s wallet address so the newly purchased cryptocurrency is transferred directly to them.

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Top 3 coins of the day

Polygon (POL)

Key points:

• POL defended its 20 EMA and returned to the $0.085 to $0.086 resistance zone, while the entire EMA stack remained in bullish order.

• OBV turned higher alongside 12.82M volume; $0.0825 to $0.083 is the first defense, while $0.088 to $0.09 is next if resistance breaks.

What you should know:

Polygon’s payments pivot began gaining both adoption and market traction. Polygon Labs’ planned Coinme acquisition reinforced its commercial payments focus, while wallet holders reportedly rose 78% to 245,000 and crypto-card volume climbed more than 122% to $30.5 million. Founder Sandeep Nailwal’s comment that investors still “sleep on Polygon” added a brief sentiment boost. POL rebounded 2.90% to $0.0847 after defending the 20 EMA at $0.0828, with the 20, 50, 100, and 200 EMAs arranged in bullish order. OBV turned higher to -836.52M as volume reached 12.82M. The $0.085 to $0.086 zone is the breakout test, while $0.0825 to $0.083 is the first support area.

Hyperliquid (HYPE)

Key points:

• HYPE rebounded 2.80% from the $58.50 area, but price remained below every EMA after losing its $65 to $68 consolidation range.

• EWO fell to -7.98, leaving $63.86 as the first repair level and $65.27 to $66.11 as the larger reversal barrier.

What you should know:

Hyperliquid’s product momentum could not prevent its chart from breaking down. The IPOP launch expanded the platform into pre-IPO perpetual markets, while trading volume reportedly rose 36% to $433 million and Hyperion DeFi committed 500,000 HYPE to institutional perpetual markets. Even so, HYPE fell beneath all four EMAs before rebounding 2.80% to $60.32 from near $58.50. The 20 EMA stood at $63.86, while the 50, 100, and 200 EMAs clustered between $65.27 and $66.11. EWO dropped to -7.98, confirming that bearish momentum remained dominant despite the bounce. The $58.50 to $59 zone is the immediate defense, while $63.86 is the first recovery test.

Cronos (CRO)

Key points:

• CRO’s Citadel-driven surge briefly stretched toward $0.069 before sellers forced price back inside the Bollinger Bands.

• CMF remained negative at -0.24, making $0.0602 the continuation test and $0.0566 the key stabilization level.

What you should know:

CRO’s first reaction to the funding headline proved stronger than the price it could retain. Crypto.com reportedly secured a $400 million strategic investment led by Citadel Securities at a valuation near $20 billion, while native USDC and EURC expansion strengthened Cronos’ institutional-liquidity backdrop. CRO briefly spiked toward $0.069 on exceptional volume before retreating to $0.059, leaving a pronounced upper wick. Price still held above the Bollinger midpoint at $0.0566, but CMF at -0.24 showed that capital flow continued to favor sellers despite the rebound. Volume reached 734.37K as volatility cooled from the initial burst. The upper band at $0.0602 is the continuation threshold, while $0.0565 to $0.0567 is the main stabilization zone.

 

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ZachXBT’s iPhone wallet pitch exposes crypto custody’s missing layer

Key points:

• ZachXBT said a dedicated iPhone could outperform hardware wallets for experienced users, while Roman Storm flagged the lack of mobile BIP39 passphrase support.

• Trezor defended dedicated devices, as Ledger extended hardware-based transaction approval to AI agents.

News - Onchain investigator ZachXBT reignited the self-custody debate after calling hardware wallets “complete garbage,” naming Ledger as the worst, and recommending a separate iPhone used only for crypto.

His criticism focused on Ledger Live’s frequent software and interface updates, which he said can disrupt basic actions. Ledger’s 2020 customer data breach, backlash over Ledger Recover, and the 2023 Connect Kit compromise added context to his attack.

Tornado Cash developer Roman Storm broadly agreed with the iPhone idea but identified a missing safeguard: BIP39 passphrases.

The hidden wallet problem - A BIP39 passphrase adds another secret to a 12- or 24-word recovery phrase. The same seed words can then open a different wallet, allowing the visible account to remain empty if the phrase is exposed.

Storm said Trezor, Ledger, Coldcard, Keystone, and BitBox support passphrases, while MetaMask and Trust Wallet do not, and Rabby limits the feature to desktop. He also advocated air-gapped mobile signing.

The concern is growing. Chainalysis recorded 158,000 personal wallet compromises in 2025, affecting 80,000 victims and causing $713 million in losses.

Ledger doubles down on human approval - Ledger, meanwhile, launched Ledger Agent Stack, an open-source toolkit that lets AI agents analyze portfolios and prepare transactions but requires every sensitive action to be approved on a Ledger hardware device.

Trezor executive Danny Sanders also rejected the phone comparison, citing zero-click exploits, cloud backups, clipboard leaks, and the absence of an independent confirmation screen. The dispute ultimately exposes competing risks rather than a universally safer device.

XRP’s bullish headlines collide with a market that will not follow

Key points:

• XRP barely participated in the post-CPI crypto rally as its Clarity Act catalyst was delayed and exchange outflows faded.

• Whale-retail behavior remains split across venues, while a formed head-and-shoulders pattern awaits breakdown confirmation at key levels.

News - Softer June inflation helped Bitcoin clear $65,000 and pushed Ethereum close to $1,900, but XRP remained near $1.10 and slipped about 0.5%. Its indicator score stood at -42%, while the daily chart retained a confirmed death cross.

The expected Senate floor vote on the Clarity Act also moved beyond July 4, with late July or August now the earliest likely window. That left XRP relying largely on broader market momentum, where Bitcoin and Ethereum absorbed capital first.

Bullish news meets resistant positioning - Ripple joined the Linux Foundation’s x402 Foundation on July 14 to support AI-agent payments on the XRP Ledger using XRP and RLUSD. Top traders still leaned bearishly. One proprietary gauge showed them positioned 136% more short than retail, while daily net outflows fell from about 205 million XRP on July 3 to 87 million by July 14.

CryptoQuant data added a venue split. Binance’s whale-to-retail gap dropped to 35.1%, near its early-May level, while the reading across other exchanges remained higher at 38.4%.

A warning pattern, not a confirmed break - XRP’s 8-hour chart formed a bearish head-and-shoulders setup with a projected downside near $0.92, but weakening sell volume means the breakdown is not confirmed.

Holding $1.10 preserves room for $1.13. Losing $1.08 would expose the $1.06 neckline, while an 8-hour close above $1.13 would weaken the bearish setup.

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Senate closes ranks against SBF, but cannot close Trump’s pardon door

Key points:

• The Senate unanimously adopted a nonbinding resolution saying SBF should never receive a pardon or sentence commutation.

• His clemency petition remains pending, but the vote cannot restrict President Donald Trump’s constitutional authority to grant it.

News - The U.S. Senate approved S. Res. 772 by unanimous consent, declaring that former FTX CEO Sam Bankman-Fried (SBF) should “under no circumstances” receive executive clemency.

The bipartisan measure was led by Senators Cynthia Lummis and Ruben Gallego, the top Republican and Democrat on the Senate Banking Committee’s digital assets subcommittee, and introduced on June 17. It also affirmed the Senate’s commitment to the rule of law and the integrity of the U.S. financial system.

SBF is serving a 25-year sentence after his 2023 conviction on seven fraud and conspiracy counts tied to FTX’s collapse.

A unanimous vote without legal force - The resolution creates political pressure, not a legal barrier. As a simple Senate resolution, it does not require approval from the House or president and carries no force of law.

Article II, Section 2, Clause 1 gives the president broad authority to grant pardons and commutations for federal offenses, except in impeachment cases. Congress cannot use a resolution to narrow that power.

The clemency path remains open, but narrow - SBF filed a formal pardon petition with the Justice Department’s Office of the Pardon Attorney in 2026, and the request remains pending.

Trump said in January that he had no plans to pardon him, although he has granted clemency to other crypto figures, including Changpeng Zhao and Ross Ulbricht. Polymarket traders placed the chance of a pardon by July 31 below 1%, while SBF’s release eligibility remains around 2044.

Dormant Bitcoin whale moves $383M without sending it to an exchange

Key points:

• A wallet inactive since December 2017 transferred its entire 5,907.56 BTC balance, now worth about $383.6 million, to a new address.

• The destination was not linked to an exchange, leaving the move consistent with custody migration rather than a confirmed sale.

News - A Bitcoin wallet dormant for more than 8.5 years moved 5,907.56 BTC in block 958217 early Thursday, reviving a position accumulated near the peak of the 2017 cycle.

Galaxy Research estimated that the holdings were acquired at an average price near $17,000 per Bitcoin and had appreciated by roughly $285.5 million, or 291%. Another calculation, using an entry closer to $16,000, placed the gain near 284%.

The wallet had remained untouched through Bitcoin’s 2018 crash, its 2021 rally, the 2022 downturn, and the record highs reached in 2025.

The destination matters more than the transfer - The full balance moved to a new, unidentified wallet rather than a Coinbase, Binance, or other known exchange deposit address. That means the transaction provides no direct evidence of liquidation.

The coins also shifted from a legacy address beginning with “1” to a newer bc1q format, which supports lower transaction fees and more modern wallet standards. Such a move can reflect upgraded custody or key management, although the holder’s intent remains unknown.

An old wallet enters a newer dispute - Galaxy Research labeled the sending address “Noah Doe #27 – Salomon Client Dusted,” linking it to addresses examined in its reporting on litigation seeking ownership of millions of allegedly abandoned Bitcoin.

For traders, the next transfer matters most. A later move into an exchange-linked wallet would offer clearer evidence of an exit. For now, the whale has moved its Bitcoin, but has not demonstrably sold it.

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More stories from the crypto ecosystem

• BNB’s $931M burn strengthens tokenomics – Can Solana’s RWA boom keep pace?

• Can XRP reclaim $1.20 as whales quietly add 70mln tokens?

• Why DEXE’s post-ATH sell-off could send its price below $30

• Bitcoin holders ‘will regret not selling above $60K,’ Peter Schiff warns

• Can Ethereum break THIS pattern as 2.6M ETH enters staking?

Interesting facts

• A 12-word wallet backup is not just twelve random words: In a standard BIP-39 phrase, four of the 132 encoded bits form a checksum. This means only one out of every 16 randomly assembled 12-word combinations will pass checksum validation.

• Cosmos let one blockchain operate an account on another: Interchain Accounts allow a controller chain to register and control an account on a separate host chain through IBC messages. Instead of signing transactions with its own private key, the account executes instructions received from the controller chain.

• Algorand can make 16 transactions share one fate: Its protocol can group up to 16 transactions of any supported type into one atomic unit. Every transaction in the group succeeds together, or the entire batch fails.

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Top 3 coins of the day

Ethena (ENA)

Key points:

• ENA reclaimed the entire MA Ribbon and rose 4.51% to $0.0858, turning the $0.086 to $0.087 area into the next confirmation test.

• Awesome Oscillator remained positive at 0.0015 but showed fading momentum, while $0.0818 to $0.0824 is the key breakout defense.

What you should know:

Ethena’s ecosystem expansion arrived as its chart shifted into a stronger moving-average regime. Galaxy Digital launched an institutional Vault Curator that identified Ethena products among the targeted assets for enhanced-yield Morpho vaults, while Ethena deployed $50 million into a Morpho USDG vault following the Robinhood Chain launch. ENA then climbed to $0.0858 and moved above the 20, 50, 100, and 200 SMAs, with volume rising to 47.43M. The Awesome Oscillator stayed positive at 0.0015, although its contracting red bars showed that bullish momentum had cooled despite the latest price advance. The $0.086 to $0.087 area is the confirmation test, while $0.0818 to $0.0824 is the first support zone.

Ondo (ONDO)

Key points:

• ONDO’s wave-three surge carried price to $0.38 on 27.91M volume, but RSI at 85.16 showed the advance had entered heavily stretched territory.

• The $0.39 to $0.40 area is the continuation test, while $0.36 and $0.35 are the projected wave-four retracement levels.

What you should know:

Ondo’s latest product launches turned its rally into a near-vertical wave-three expansion. The project introduced CRCLon and SPYon through a framework linked to DTC Tokenized Entitlements, while its SBI Group partnership targeted tokenized Japanese equities and RWA products using JPYSC for collateral and settlement. ONDO then surged from roughly $0.31 to $0.38, cleared the wave-one peak near $0.35, and drew 27.91M in volume. RSI climbed to 85.16, confirming exceptional momentum but also showing that the move had become overextended. The $0.39 to $0.40 area is the immediate continuation test. If momentum cools, the Elliott Wave indicator projects wave-four retracement levels at $0.36 and $0.35.

DeXe (DEXE)

Key points:

• DEXE’s drop below the 20 and 50 SMAs turned its post-rally pullback into a deeper unwind, although the rising 100 and 200 SMAs preserved the broader trend.

• Squeeze Momentum fell to -7.097 as volume reached 328.21K; $32.50 to $33 is the immediate floor, while $37.35 to $38.95 is the recovery threshold.

What you should know:

DEXE’s pullback stopped looking orderly once price lost both short-term averages on heavy selling volume. The token fell 7.15% to $33.04 after its parabolic run toward $49, while large transfers from DeXe treasury and team-linked wallets into unlabeled addresses added supply-overhang fears and intensified profit-taking. DEXE traded below the 20 SMA at $38.95 and 50 SMA at $37.35, while Squeeze Momentum sank to -7.097 and volume climbed to 328.21K. The broader ribbon remained intact because price still held above the 100 SMA at $30.90 and 200 SMA at $24.99. The $32.50 to $33 area is the immediate floor, while reclaiming $37.35 to $38.95 is needed to repair the correction.

 

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BlackRock’s crypto inflows lose against a $45.8B market drag

Key points:

• BlackRock’s digital asset AUM fell 39% year over year to $48.8 billion, despite attracting $15.1 billion in net inflows.

• Q2 brought $3.1 billion in crypto outflows, even as BlackRock’s firmwide AUM reached a record $15.3 trillion.

News - BlackRock’s crypto products attracted substantial investor capital over the past year, but falling markets erased every dollar of those inflows and considerably more.

Digital asset AUM dropped from $79.6 billion in June 2025 to $48.8 billion at the end of Q2 2026. Clients added $15.1 billion during that period, while market depreciation removed $45.8 billion as Bitcoin and Ether declined.

The pressure intensified during Q2. BlackRock entered April with $60.7 billion in digital assets, before price losses erased $8.7 billion and investors withdrew another $3.1 billion.

The flow story changed inside one quarter - The annual numbers still show clients as net buyers, but Q2 marked a clear reversal. Investor withdrawals accompanied falling prices, interrupting the net-inflow trend that had defined the previous 12 months.

That divergence also separated crypto from BlackRock’s wider ETF business, which collected $177.9 billion during the quarter.

The long-term target remains intact - BlackRock’s broader operations remained strong, with total AUM reaching $15.3 trillion after $192 billion in quarterly inflows. Digital assets generated only about $40 million in base fees, representing less than 1% of firmwide fee revenue.

Still, BlackRock is targeting $500 million in annual crypto-related revenue by 2030. The target nevertheless sits far above the roughly $40 million the business currently generates, showing the scale of growth BlackRock expects by 2030.

Bitcoin clears $64K while Strategy waits to restart its buying engine

Key points:

• Bitcoin broke above $64,000, but a death cross and prediction-market skepticism continue to challenge the breakout.

• Strategy plans to resume Bitcoin purchases when its STRC preferred shares return to $100 par, while its cash reserve supports the balance sheet through the downturn.

News - Bitcoin and its largest public holder are both testing whether short-term relief can become something more durable.

BTC reached $65,511 on Tuesday after clearing resistance near $64,000, then traded around $64,858. Softer U.S. producer price data supported risk sentiment, but the chart has not fully escaped its bearish structure.

Strategy, meanwhile, has paused Bitcoin purchases since late June. CEO Phong Le said buying would resume once STRC recovers to its $100 par value, allowing the company to issue more preferred stock profitably.

A breakout still searching for conviction - Bitcoin sits only slightly above the descending channel that has guided price lower since May. Its 50-day moving average remains below the 200-day average, while a few traders see a probability of BTC reaching $55,000 before $84,000.

Still, support around $61,000 has held, while liquidity above $67,000 and a $68,000 analyst target define the next upside test.

Strategy prioritizes runway before accumulation - STRC traded near $89 after falling below $75 in June, leaving Strategy’s preferred-share funding engine below par. The company raised $467 million through common stock and expanded its dollar reserve to $3 billion, enough to cover two years of dividends.

Le said Strategy feels secure unless Bitcoin falls toward $8,000 to $10,000. The firm still holds more than 840,000 BTC, but fresh purchases depend on STRC’s recovery.

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South Korea and Japan give crypto new roles in state assets and markets

Key points:

• South Korea plans to classify digital assets as national assets while preparing tokenized government bonds, deposits, and real estate initiatives.

• Japan has reclassified crypto as a financial instrument, opening the door to stricter market rules, future ETFs, and a lower tax framework.

News - South Korea and Japan are moving digital assets deeper into established financial systems, but through different policy routes.

South Korea plans to replace its 1950-era state property framework with a broader national asset system that explicitly includes virtual currencies and intellectual property. Japan, meanwhile, has approved legislation shifting crypto away from its payment-focused treatment and into an investment framework under financial law.

South Korea brings blockchain into state asset planning - The proposed reform would modernize how state-owned assets are defined and managed. Officials also reaffirmed a 2027 pilot for tokenized government bonds, which would connect to the Bank of Korea’s CBDC infrastructure.

The government is separately exploring tokenized state-owned real estate for retail participation and plans to use tokenized deposits for operational spending. Legal amendments taking effect on February 4, 2027, will recognize blockchain ledgers as valid securities registries.

Japan moves crypto closer to traditional markets - Japan’s revised framework introduces insider-trading restrictions, expanded disclosure duties, stronger investor protections, and tougher penalties for unregistered operators.

The reclassification also removes a legal obstacle to future spot Bitcoin ETFs, although no ETF has been approved. Lawmakers separately backed a flat 20% tax framework for crypto income, replacing rates as high as 55%, with implementation expected in 2028.

Together, the reforms show neighboring markets assigning crypto more formal roles in both public finance and regulated investing.

Ostium’s own oracle pipeline becomes the route to an $18M drain

Key points:

• An attacker reportedly used Ostium’s registered price-reporting infrastructure and future-dated oracle reports to manufacture trading profits.

• The exploit triggered an estimated $18 million USDC payout from the protocol’s OLP vault, forcing Ostium to pause all trading.

News - Ostium’s price-reporting infrastructure became the attack surface in an exploit that drained roughly $18 million from its Arbitrum-based liquidity vault.

According to security firm Blockaid, the attacker used a registered PriceUpKeep forwarder and authorized oracle reports carrying future timestamps. Those reports made trades appear profitable, prompting the vault to issue an artificial USDC payout.

Ostium acknowledged the incident, suspended trading, and said its team was investigating.

Authorized infrastructure was turned against the vault - Ostium depends on price feeds to settle perpetual trades tied to assets such as equities, commodities, forex, and indices. Its PriceUpKeep system helps write market data onchain when trades are executed.

Initial findings indicate that the attacker exploited this reporting process rather than ordinary market movement. Onchain data later showed portions of the USDC being swapped into Ether through Kyber Network and distributed across multiple wallets.

The breach lands during Ostium’s RWA expansion - Before the incident, Ostium had processed more than $50 billion in cumulative trading volume and raised $27.8 million in total funding. It had also recently announced a Nasdaq partnership involving market data for equity perpetual products.

The exploit therefore interrupts a period of rapid expansion for a protocol built to bring non-crypto markets onchain. For now, trading remains paused while Ostium investigates the incident involving its OLP vault.

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More stories from the crypto ecosystem

• Tether CEO: ‘Demand for dollar settlement is a wages story’ – $7M Pact Labs investment proves it

• After a brutal H1, is the worst over for the crypto-market in 2026?

• Bitcoin banking adoption hits 32%, but ‘we’re still early,’ says Strategy’s Saylor

• Assessing ENA’s target price after Ethena bulls extend post-Coinbase rally

• How high can MemeCore [M] rally as it leads top 100 with 16% gains?

Did you know?

• Avalanche replaced a 2,000 AVAX gate with a running meter: Since Etna activated on December 16, 2024, validators securing an Avalanche L1 no longer need to stake 2,000 AVAX or validate the Primary Network. They instead pay a dynamic continuous fee that remains about 1.33 AVAX per month while the validator count stays below the 10,000 target.

• Sui turned social login into a wallet without making identity public: zkLogin lets users authorize Sui transactions with an OAuth credential while zero-knowledge proofs conceal the link between that identity and the onchain address. The OAuth provider cannot move funds by itself because authorization also requires a separate user salt and ephemeral signature.

• A non-Bitcoin payment can cross Lightning through nodes that never adopted it: Taproot Assets edge nodes can swap an asset into BTC at the network’s edge, route its value across ordinary Bitcoin Lightning channels, and swap it again at the destination. Existing routing nodes do not need to upgrade or opt into Taproot Assets.

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Top 3 coins of the day

Zcash (ZEC)

Key points:

• ZEC extended its higher-high sequence to roughly $576 after defending the latest higher low near $490, while rising volume strengthened the breakout.

• +DI at 36.50 remained well above -DI at 10.59 as ADX reached 38.37; $550 to $552 is the key defense, while $576 to $580 is the immediate hurdle.

What you should know:

Zcash’s advance developed as a staircase rather than a single spike. After defending a higher low near $490, the token pushed through its prior $550 swing high and climbed 3.47% to $571, printing another higher high near $576. DMI confirmed the trend’s strength, with +DI at 36.50 well above -DI at 10.59 and ADX at 38.37, while volume rose to 31.13K. Anticipation around the July 28 Ironwood upgrade, scheduled for block height 3,428,143 to address the Orchard shielded-pool vulnerability, strengthened the confidence-recovery narrative. Softer U.S. CPI at 3.5% versus 3.8% expected also improved the broader risk backdrop. The $550 to $552 zone is the breakout defense, while $576 to $580 remains the immediate resistance test.

Ethereum (ETH)

Key points:

• ETH cleared its $1,850 swing high on strong volume as MACD momentum expanded and Parabolic SAR stayed firmly below price.

• The $1,885 to $1,900 area is the immediate test, while $1,850 to $1,860 is the key breakout defense.

What you should know:

Institutional demand broke Ethereum out of its stalled range. U.S. spot Ether ETFs reversed into $58.3 million in net inflows, entirely driven by BlackRock’s ETHA, while aggregate ETF assets moved back above $10 billion. Against that backdrop, ETH cleared the $1,850 swing high on strong volume and rose to $1,881. Parabolic SAR remained below price at $1,771, confirming the bullish reversal, while MACD strengthened with the line at 24.6 above the signal line at 15.98 and the histogram at 8.61. Softer U.S. CPI at 3.5% versus 3.8% expected added a broader risk-on tailwind. The $1,885 to $1,900 area is the immediate test, while $1,850 to $1,860 is the breakout defense.

Pump.fun (PUMP)

Key points:

• PUMP erased its recent lower-high and lower-low sequence, rebounding from $0.00135 and clearing $0.00153 on 951.37M volume.

• Squeeze Momentum expanded to 0.000102, placing $0.00167 to $0.00170 against the recovery while $0.00150 to $0.00153 is the support zone.

What you should know:

A feared insider supply event became the launchpad for PUMP’s reversal. The 57.279 billion PUMP allocation reportedly triggered no immediate mass selling across 121 recipient wallets and remained under a three-year vesting schedule, easing pressure around the unlock. Price then rebounded from roughly $0.00135, invalidated the recent lower-high and lower-low sequence, and climbed to $0.00165. The Squeeze Momentum histogram expanded to 0.000102, while volume surged to 951.37M, confirming strong participation. Pump.fun also reportedly processed 143,906 transactions over 24 hours, adding a usage signal behind the move. The $0.00167 to $0.00170 zone is the higher-high test, while $0.00150 to $0.00153 is the key support area.

 

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News | Crypto Converter | Crypto Calculators

U.S. crypto transfer puts Trump’s no-sell pledge under scrutiny

Key points:

• U.S. government-linked wallets moved about $288 million in seized Bitcoin and Ether to Coinbase Prime, reviving sale speculation.

• The Bitcoin appears tied to active criminal cases, potentially placing it outside the Strategic Bitcoin Reserve’s no-sell protection.

News - Arkham data showed the U.S. government moved roughly $288 million in seized crypto to Coinbase Prime on Monday, including about 3,800 BTC worth $235 million and 30,000 ETH worth $53 million.

The Bitcoin came from seizures involving dark web dealer Ryan Farace and the defunct BTC-e exchange, passing through intermediary wallets before reaching Coinbase Prime. The Ether, tied to a money-laundering case involving Oracle employee Brian Krewson, moved directly.

Why the destination raised alarms - Large holders typically keep crypto in cold storage, so transfers to exchange-linked platforms often trigger sale speculation.

Coinbase Prime, however, also provides custody, financing, trading, and asset-staging services. The U.S. Marshals Service selected it in 2024 to manage forfeited digital assets, meaning the move could reflect custody consolidation rather than an imminent sale.

The no-sell rule has boundaries - Trump’s March 2025 executive order bars selling Bitcoin placed in the Strategic Bitcoin Reserve. Only coins that have completed final forfeiture can enter it.

The transferred Bitcoin appears linked to active criminal cases and may sit outside that protection. Ether is not covered by the Bitcoin restriction and instead falls under the separate Digital Asset Stockpile, which the Treasury can manage within its legal authority.

Large move, limited balance-sheet impact - Government-linked wallets still hold roughly $20.6 billion in crypto, including more than 324,000 BTC. Monday’s transfer remains a small fraction of that total.

Inflation surprise resets the Fed debate for crypto

Key points:

• U.S. headline inflation fell 0.4% in June, while annual CPI eased to 3.5%, both coming in softer than expected.

• Bitcoin climbed above $63,000 as yields dropped, but Fed Chair Kevin Warsh maintained that persistent inflation would not be tolerated.

News - U.S. inflation cooled sharply in June, giving crypto and other risk assets an immediate lift. Headline CPI fell 0.4% month over month, compared with forecasts for a smaller decline, while the annual rate slowed from 4.2% in May to 3.5%.

Core CPI, which excludes food and energy, was flat for the month and rose 2.6% year over year, also below expectations. Lower energy costs helped drive the headline retreat.

A softer print changes the July setup - Bitcoin rose to about $63,400 after the release, while U.S. stock futures advanced and Treasury yields fell. The report also likely undercut rising expectations for a July rate hike, which had accelerated after Fed Governor Chris Waller signaled support for tighter policy if core inflation remained elevated.

Warsh keeps policy caution intact - Fed Chair Kevin Warsh told Congress that the central bank had “no tolerance” for persistently high inflation. He also described the labor market as “broadly stable,” limiting pressure for an immediate policy shift driven by economic weakness.

One report does not settle the trend - The June data strengthens the case that inflation may have peaked in May, but the policy path still depends on coming readings. Oil prices fell heavily in June, while renewed increases and concerns about AI-related costs could complicate further progress. For crypto, the immediate relief is clear, but sustained disinflation remains the stronger test.

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CLARITY support widens, but Senate disputes deepen before recess

Key points:

• Banking and law enforcement groups are backing the CLARITY Act while seeking different changes, exposing unresolved fights over stablecoin rewards and DeFi protections.

• Negotiations face added pressure as White House adviser Patrick Witt prepares for military leave before the Senate’s August 8 recess.

News - The CLARITY Act is entering a crucial Senate stretch with broader support but no consensus on its language. On July 13, the American Bankers Association, Independent Community Bankers of America, and 76 state associations proposed targeted revisions to Section 404.

Days earlier, the Federal Law Enforcement Officers Association (FLEOA) endorsed the bill while requesting changes to its DeFi and investigative provisions.

The deposit fight becomes more specific - Section 404 restricts returns paid for holding payment stablecoins while preserving certain activity-based rewards. Banks want lawmakers to remove “solely” and replace the “economically or functionally equivalent” test with a “substantially similar” standard, arguing the wording could let firms design incentives around the prohibition.

They warn that deposit outflows could reduce funding for mortgages, small businesses, and agricultural lending.

Support is arriving with conditions - FLEOA requested narrower DeFi protections, clearer accountability, and explicit preservation of investigative powers. National Organization of Black Law Enforcement Executives (NOBLE) had backed the legislation nine days earlier, helping counter claims that CLARITY would weaken crypto enforcement.

A deadline handoff adds pressure - Witt, who helped negotiate stablecoin yield and ethics disputes, is expected to begin military leave after July 24. Deputy Director Harry Jung is expected to assume his responsibilities, while Witt reportedly plans to remain involved.

With lawmakers due to begin recess on August 8, unresolved disputes over stablecoin rewards, developer protections, and ethics rules leave little room for delay.

Digital euro enters its rehearsal phase before any launch decision

Key points:

• The ECB selected 36 banks and payment firms for a 12-month digital euro pilot beginning in the second half of 2027.

• The test will cover online, offline, in-store, and e-commerce payments, but issuance still depends on EU legislation and Governing Council approval.

News - Europe’s digital euro is moving from design into testing. The ECB chose 36 payment providers, including Deutsche Bank, Revolut, Stripe, and UniCredit, from more than 50 applicants for a pilot involving the ECB and 19 euro-area national central banks.

The beta currency will not have legal tender status. ECB and national central bank staff will act as users, while participating firms and merchants test account access, person-to-person transfers, retail payments, and e-commerce purchases.

A rehearsal, not a launch - The 12-month program will examine technical performance, operational processes, and user experience before any issuance decision. Some providers will support user access, while others will help merchants accept payments or test related services.

Private firms become the test bed - The mix of banks, fintechs, processors, and non-bank providers gives the ECB a broad environment for testing how the digital euro could operate across markets. Officials said strong participation reflects private-sector interest in helping shape Europe’s payments infrastructure.

Europe advances while the U.S. resists - The pilot sharpens the policy divide across the Atlantic. European officials are exploring a digital euro partly to strengthen monetary autonomy, reduce reliance on private payment networks, and address concerns over dollar-backed stablecoins, while U.S. policymakers continue pursuing restrictions on a Federal Reserve-issued CBDC.

A possible 2029 launch remains conditional on EU legislation and a separate decision by the ECB Governing Council.

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More stories from the crypto ecosystem

• LAB token sinks 99% from ATH: 3 reasons behind the collapse

• New Hampshire Governor Kelly Ayotte signs ‘Blockchain Basic Laws’ – What is HB 639 about?

• Robinhood Chain memecoin CASHCAT explodes to $100M in hours: Can the bull flag hold?

• Trump urges CLARITY Act passage in honor of ‘big supporter’ Lindsey Graham

• Can ARB’s price absorb 92.65M new tokens without losing its pace?

Interesting facts

• Monero refused to let its security meter hit zero: Since tail emission began at block 2,641,623 on June 9, 2022, Monero’s block reward has remained at 0.6 XMR per two-minute block, or less when block-size penalties apply, ensuring miner incentives never disappear entirely.

• Cardano made staking a commitment without captivity: Delegated ADA never leaves the holder’s wallet, remains spendable without a lock-up, and cannot be slashed. If the chosen stake pool underperforms, the delegator risks earning fewer rewards, not losing the ADA principal.

• Bitcoin’s first reward was sealed before the economy began: The 50 BTC subsidy created in Bitcoin’s genesis block is permanently excluded from the network’s unspent transaction output set, meaning it cannot be spent like subsequent mining rewards.

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Top 3 coins of the day

Injective (INJ)

Key points:

• INJ returned to the top of its multiweek range, with stronger volume and a positive EWO reading giving this resistance test more weight.

• Price remained above the 9 SMA at $4.82, while $5.05 to $5.08 is the breakout zone and $4.80 to $4.82 is the first pullback checkpoint.

What you should know:

INJ’s second challenge of range resistance arrived with stronger participation than its earlier attempt. The token rebounded from roughly $4.67 and climbed to $5.05, while volume expanded to 75.47K and the EWO turned positive at 0.340. Price also held above the rising 9 SMA at $4.82, confirming improved short-term momentum, but it remained inside the highlighted $4.92 to $5.08 resistance band. The move came two days before the July 16 Injective Summit in Washington, D.C., where institutional finance, tokenization, and onchain markets are set to take center stage. A sustained break above $5.08 confirms a range escape and shifts attention toward $5.15. Failure at the ceiling leaves $4.80 to $4.82 as the first support area.

Bittensor (TAO)

Key points:

• TAO slid along its lower Bollinger Band before rebounding to $199.70, but CMF at -0.09 showed that capital flow still favored sellers.

• The $195 to $196 zone is the immediate floor, while a reclaim of the $206 to $207 midpoint area is needed to signal stronger stabilization.

What you should know:

TAO’s latest bounce lacked the money-flow confirmation needed to call a clean reversal. Price had fallen from roughly $213, tracked the lower Bollinger Band near $195.90, and then recovered modestly to $199.70. CMF improved from deeper negative territory but remained below zero at -0.09, while volume reached just 5.06K on the rebound after heavier selling activity. Lingering concern around the Root Reborn governance proposal remained part of the sentiment backdrop, although Bittensor’s July 10 activation of its Conviction mechanism added a constructive counterweight by introducing locked-stake enforcement for subnet ownership. The $195 to $196 area is the key defense. A move above the Bollinger midpoint at $206.70 strengthens stabilization, while a break below the lower band exposes $193 to $194.

MemeCore (M)

Key points:

• M surged out of a tight base and into the $1.50 to $1.59 resistance band, while RSI at 70.74 showed momentum had already reached overbought territory.

• Volume expanded to 10.47K and price stretched well above the 9 SMA at $1.28, making $1.59 the breakout trigger and $1.28 to $1.30 the first pullback checkpoint.

What you should know:

Momentum accelerated before resistance fully gave way. M broke out of its recent $1.20 to $1.30 consolidation and climbed to $1.51, while volume expanded to 10.47K and price moved far above the 9 SMA at $1.28. RSI rose to 70.74, confirming strong buying pressure but also showing the move had become stretched inside the $1.50 to $1.59 resistance zone. The rally followed MemeCore Foundation’s approval of a treasury buyback program worth at least $10 million, although the execution schedule was not disclosed. Separate market-flow data also pointed to positive spot netflows and accumulation among larger holders. A sustained move above $1.59 confirms the breakout, while $1.28 to $1.30 is the first momentum support area.

 

Reading time: 5 minutes

News | Crypto Converter | Crypto Calculators

Trump’s China warning collides with CLARITY’s Senate math

Key points:

• Trump urged the Senate to pass CLARITY, warning that China could seize leadership in crypto and AI.

• The bill still needs 60 votes as ethics disputes and a shrinking calendar threaten its path.

News - U.S. President Donald Trump urged senators to pass the CLARITY Act in honor of the late Senator Lindsey Graham, whom he called a strong supporter, while framing the bill as part of the U.S. race with China over crypto and artificial intelligence.

Lawmakers are preparing a merged draft combining proposals from the Senate Banking and Agriculture committees. The legislation would divide digital asset oversight between the SEC and CFTC while setting registration, disclosure, consumer protection, and compliance rules for crypto companies.

The Graham framing draws scrutiny - Graham backed the GENIUS stablecoin law in 2025, but he did not serve on either committee handling CLARITY, vote to advance it, or publicly endorse the bill, according to the cited reports. Senator Cynthia Lummis nevertheless said he wanted the United States to remain at the forefront of digital assets.

The vote math is tightening - Graham’s death and Senator Mitch McConnell’s hospitalization reduced the Republican majority to 51-47, increasing the need for Democratic support. Two Democrats who backed the Banking Committee version said their floor votes depend on unresolved concerns being addressed.

Ethics remains the bottleneck - Democrats want restrictions on crypto ties involving senior officials, lawmakers, and their families after his financial disclosure showed roughly $1.4 billion in income from family crypto ventures. With the August 8 recess approaching, Polymarket traders placed the bill’s 2026 passage odds near 24% on July 13.

XRP’s courtroom win faces a harder test near $1

Key points:

• XRP marked its ruling anniversary near $1 as whale activity and ETF demand weakened.

• Ripple kept expanding, but Congress has yet to provide lasting statutory clarity.

News - XRP entered the third anniversary of its landmark court ruling under renewed market pressure. The token traded near $1 as transactions worth more than $1 million fell from 70 over the prior week to two on Monday, while U.S. XRP ETFs recently recorded outflows after nine consecutive weeks of inflows.

That contrast sharpened the significance of Judge Analisa Torres’s July 13, 2023 decision. The ruling found that Ripple’s programmatic exchange sales were not securities transactions, although institutional sales violated securities laws. XRP surged more than 70% that day and was quickly relisted by major U.S. exchanges.

Ripple expanded after the legal win - Attorney John Deaton argued that the SEC sued Brad Garlinghouse and Chris Larsen individually to pressure Ripple into settling. He also said prosecutors sought financial records involving their wives and relatives before a judge rejected the request. Both executives ultimately refused to settle.

Institutional expansion followed - Ripple launched RLUSD, added payment, custody, interoperability, and tokenization partnerships, and completed major acquisitions, including Hidden Road for $1.25 billion. Spot XRP ETFs then began trading in late 2025, extending XRP’s shift from a delisted asset to an institutional product.

The next battle is legislative - XRP secured meaningful courtroom clarity three years ago, but Congress has yet to deliver a durable federal framework. The stalled CLARITY Act could strengthen regulatory certainty for assets like XRP, although unresolved Senate disputes and the approaching August recess keep that outcome uncertain.

Strategy builds cash as BitMine doubles down on Ethereum

Key points:

• Strategy skipped Bitcoin purchases while lifting its cash reserve to $3 billion.

• BitMine added $49 million in ETH, lifting its holdings to about 4.8% of circulating supply.

News - Two major crypto treasury companies reported contrasting treasury priorities last week. Strategy raised $466.7 million through MSTR share sales and made no Bitcoin trades, leaving its holdings at 843,775 BTC. BitMine, meanwhile, acquired 27,801 ETH worth about $49 million, increasing its treasury to 5.77 million ETH.

The updates revealed different priorities as both companies managed large digital asset positions.

Strategy protects the payout runway - Strategy directed its latest capital raise entirely toward its U.S. dollar reserve, lifting the balance from $2.55 billion to $3 billion. The cash now covers roughly 20.4 months of annualized preferred-stock dividends and debt interest. The larger reserve also followed the prior week’s sale of 3,588 BTC for about $216 million to replenish the reserve and fund distributions.

BitMine keeps leaning into accumulation - Nearly five million ETH in BitMine’s treasury are staked, allowing the company to earn rewards while expanding one of the largest corporate Ethereum holdings. Its balance sheet also includes 206 BTC, cash, and equity investments.

Utility anchors the Ethereum thesis - Chairman Tom Lee pointed to Robinhood Chain’s July 1 mainnet launch as evidence of Ethereum’s product-market fit. The Arbitrum-based layer 2 settles on Ethereum and uses ETH for gas. Lee said early dollar volume exceeded $1 billion, while DeFi Llama data cited in the reports showed more than $3 billion in weekly DEX volume.

UK tokenization push turns pilots into a market race

Key points:

• A Treasury-backed roadmap targets live tokenized repo and a digital gilt by early 2027.

• Ripple, BlackRock, and major banks are helping shape the shift from pilots to scale.

News - The United Kingdom has laid out a 12-month plan to move tokenized wholesale markets beyond isolated experiments and into live financial activity. Led by HM Treasury’s Wholesale Digital Markets Champion Chris Woolard, the 54-member task force includes BlackRock, Goldman Sachs, JPMorgan, HSBC, Ripple, Coinbase, and major market infrastructure providers.

The roadmap begins with tokenized repo, followed by broader work across fixed income, funds, derivatives, and collateral use. It also calls for the first digital government bond, known as DIGIT, by the first quarter of 2027.

The gilt could become the foundation - The proposal goes beyond issuing tokenized sovereign debt. It seeks live secondary trading and eventual eligibility for digital gilts as Bank of England collateral, reflecting the report’s view that tokenized securities need trading and financing utility.

Public chains enter the institutional design - Woolard’s report favors a hybrid structure in which permissioned institutional networks sit above permissionless blockchains that provide shared liquidity. BlackRock’s Ethereum-based BUIDL fund was cited as one model, although possible chain reorganizations still create unresolved settlement-finality risks.

Ripple illustrates the convergence - The report highlighted Ripple’s $1.25 billion purchase of Hidden Road and Santander UK’s use of Ripple’s payment rails as evidence that traditional finance and crypto infrastructure are merging. If the United Kingdom becomes a leading tokenization hub, the report estimates annual economic output could rise by as much as £33 billion, or roughly $44 billion, by 2035.

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More stories from the crypto ecosystem

• June’s $7.7B stablecoin outflow points to Bitcoin’s next bottom – Here’s how!

• Which way is Ethereum headed? What to expect as bulls and bears fight for ETH

• Why is Bitcoin’s price down today? 67K BTC sell-off tests the recovery

• Wall Street bets on Bitcoin – Will BTC survive this week’s inflation test?

• Hackers use SpaceXAI, Starlink X accounts to pump SCATMAN: Token crashes 98%

Did you know?

• Solana’s second engine is being built from scratch: Firedancer is an independent Solana validator client developed by Jump Crypto in C, creating a separate codebase intended to improve client diversity and reduce the network’s dependence on software descended from the original validator implementation. The complete Firedancer client remains under development, while the hybrid Frankendancer version is available on testnet and mainnet beta.

• Stellar built an emergency brake into the blockchain itself: Stellar’s Protocol 26 introduced Quorum Freeze, a consensus-governed mechanism that lets validators freeze specified ledger keys during serious incidents, causing affected smart-contract transactions to be rejected while keeping the intervention visible and reversible.

• Ethereum quietly taught ordinary wallets new tricks: Ethereum’s Pectra upgrade introduced EIP-7702, allowing existing externally owned accounts to gain smart-account capabilities such as transaction batching, sponsored gas, spending controls, and recovery features without requiring users to migrate to a new address.

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Top 3 coins of the day

Morpho (MORPHO)

Key points:

• MORPHO’s 3.89% rebound reclaimed the 100 EMA at $2.01, but the converged 20 and 50 EMAs near $2.05 still form the immediate ceiling.

• Stochastic RSI turned higher from oversold levels, placing $2.05 to $2.06 against the recovery while $1.95 to $1.96 remains the key defense.

What you should know:

Morpho’s pullback from roughly $2.30 found buyers near $1.95, where the latest 4-hour candle rebounded 3.89% to $2.03 and reclaimed the 100 EMA at $2.01. The move also kept MORPHO above its 200 EMA at $1.96, preserving the broader recovery structure, although price remained below the converged 20 and 50 EMAs near $2.05. Stochastic RSI turned higher from oversold territory, with the blue line at 14.82 above the orange line at 6.88, while volume at 329.38K stayed below the strongest recent spikes. The July rally coincided with Robinhood choosing Morpho to power Robinhood Earn’s USDG lending product for eligible U.S. users at an estimated 7% APY, alongside Standard Chartered’s $60 end-2030 target. A move above $2.05 to $2.06 strengthens the rebound, while $1.95 to $1.96 remains the key support zone.

NEAR Protocol (NEAR)

Key points:

• NEAR broke above its recent consolidation band and three shorter EMAs, but the 200 EMA at $1.97 still blocks a confirmed trend reversal.

• Awesome Oscillator edged above zero as volume improved to 2.48M; $1.98 to $2 is the breakout test, while $1.91 to $1.92 is the first defense.

What you should know:

NEAR’s upgrade pipeline returned to focus as the token escaped a tight $1.87 to $1.94 range and rose 1.88% to $1.95. Price moved above the 20 EMA at $1.90, 50 EMA at $1.92, and 100 EMA at $1.94, while the 200 EMA at $1.97 still capped the recovery. Awesome Oscillator edged above zero to 0.005, showing bearish momentum had faded, although volume at 2.48M stayed below the strongest spikes. NEAR had released nearcore v2.13.0 ahead of protocol voting on July 20, bringing post-quantum signatures, gas keys, and dynamic resharding closer to activation. NEAR Intents had also processed roughly $20.44 billion by July 10, with near.com directing captured front-end fees toward token buybacks. A move above $1.98 to $2 strengthens the breakout, while $1.91 to $1.92 is the first support area.

XRP (XRP)

Key points:

• XRP’s rebound toward $1.12 failed beneath both moving averages, sending price back to $1.07 while the bearish crossover remained intact.

• Awesome Oscillator weakened to -0.0154 as selling volume increased; $1.06 to $1.07 is the immediate defense, while $1.10 to $1.12 remains the reversal barrier.

What you should know:

The market backdrop offered XRP little cover as fresh U.S.-Iran strikes lifted oil prices and reinforced risk-off trading, while Santiment reported just 25,350 active XRPL wallets and 2,130 new wallets. Against that weaker demand backdrop, XRP’s rebound toward $1.12 failed and price slipped 0.32% to $1.07. It traded below the 20 MA at $1.09 and 50 MA at $1.10, preserving the bearish crossover, while the Awesome Oscillator fell to -0.0154 as red bars expanded below zero. Volume reached 12.21M, with selling participation rising during the break from the recent range. The $1.06 to $1.07 area is the immediate defense. A recovery above $1.09 to $1.10 improves the setup, but $1.10 to $1.12 remains the stronger reversal barrier.

 

Reading time: 5 minutes

News | Crypto Converter | Crypto Calculators

Bitcoin’s $64K rebound puts Strategy fears on trial

Key points:

• Bitcoin recovered toward $64,400 as the Coinbase Premium reclaimed its 14-day moving average, pointing to renewed buying from U.S.-based whales.

• The premium remains negative and $65,000 is still unresolved, while Standard Chartered says Strategy’s Bitcoin sales are mostly noise rather than a medium-term signal.

News - Bitcoin returned to roughly $64,400 on Friday, nearing a three-week high as crypto strengthened despite weaker U.S. equity futures. Lower oil prices, easing dollar strength, and improving derivatives positioning formed the backdrop to the move, but the rebound still faces an important confirmation test.

The U.S. bid supplied the spark - CryptoQuant linked Bitcoin’s climb from $58,000 to $64,000 to the Coinbase Premium recovering above its 14-day simple moving average. The index, however, remained near -0.08. U.S. whale demand is improving, but a move above zero is still needed before the shift can be treated as a broader market regime change.

Strategy’s selling scare lost some force - Strategy’s sale of 3,588 BTC to fund preferred-share dividends and top up its cash reserve unsettled the market. Standard Chartered called the move mostly noise and kept its $100,000 end-2026 Bitcoin forecast, arguing that clearer communication could reduce fears of wholesale selling.

The breakout still has to earn itself - Bitcoin’s immediate hurdle remains $65,000, with a clean break potentially reopening the path toward $67,250. About 6% of circulating supply last moved between $58,000 and $64,000, creating a potential support area below. 

Open interest also rose as trading volume declined, suggesting more deliberate positioning. Still, Bitcoin has spent 307 days inside the $60,000 to $70,000 band, making this one of its longest historical consolidations.

CBDC ban advances as CLARITY loses time

Key points:

• A four-year ban on a Federal Reserve-issued digital dollar is set to become law at midnight unless President Donald Trump formally vetoes the housing bill.

• Trump’s push to prioritize the SAVE America Act is squeezing the Senate calendar for the CLARITY Act, despite extensive crypto lobbying and campaign spending.

News - A temporary U.S. central bank digital currency ban is poised to take effect through an unrelated housing bill, even though Trump has refused to sign it. Under the Constitution, the legislation becomes law after the 10-day window closes unless he issues a formal veto, with the restriction running through the end of 2030.

One crypto victory needs no final signature - The provision blocks the Federal Reserve from issuing a digital dollar, a policy supported by crypto and privacy advocates concerned about government surveillance and competition with private stablecoins. The Fed had repeatedly said it would not launch a CBDC without congressional authorization, making the ban more politically significant than operationally disruptive.

The same standoff raises CLARITY’s cost - Trump tied his refusal to sign the housing bill to the Senate’s failure to advance the SAVE America Act. That pressure forces the CLARITY Act to compete for limited floor time before the August recess. The bill still lacks a scheduled Senate vote, while ethics provisions and developer protections under Section 604 remain unresolved.

Money built influence, not certainty - Crypto-aligned groups have spent $189 million to shape the 2026 midterms, while Fairshake-backed candidates won 38 of 40 decided races examined in one analysis. Still, only 16 appeared competitive enough for the spending to have plausibly affected the outcome. 

Law enforcement groups have also split over CLARITY, showing that campaign power can create access and momentum, but coalition-building and legislative compromise remain essential to whether a bill advances.

Japan’s policy split gives Bitcoin two jobs

Key points:

• Japan’s push to redirect public pension money into domestic assets, while the Bank of Japan tightens policy, could unsettle global markets and revive yen carry trade risks.

• Meanwhile, CRYL and Metaplanet-led initiatives are pushing Bitcoin toward a broader role in Japan as collateral for loans and digital credit.

News - Japan is pulling Bitcoin in two directions. Government efforts to increase domestic investment could ripple across global bonds, equities, and crypto, while Japanese firms are launching and studying ways to use BTC to unlock credit without requiring a sale.

The macro risk begins with a possible rotation - Japan wants the world’s largest pension fund and other public pools to hold more local assets as the BOJ raises rates and reduces bond purchases. Even a modest shift away from foreign holdings could create market volatility. A renewed unwind of yen-funded trades could also pressure Bitcoin and other risk assets, as seen after the BOJ’s 2024 rate increase.

Bitcoin’s yen price is already diverging - A stronger yen left BTC/JPY up only 0.68%, compared with a 1.15% gain for a U.S. BTC/USD pair. In the longer term, directing savings toward domestic bonds while inflation remains elevated could strengthen the appeal of limited-supply assets such as Bitcoin and gold.

The domestic story is moving toward collateral - Japanese lender CRYL launched BTC-backed loans of up to 1 billion yen, allowing businesses and individuals to access fiat without selling their holdings. 

Separately, Metaplanet Securities, JPYC, and Progmat are studying Bitcoin-backed digital credit using stablecoin settlement and security tokens. The proposed structure could support around-the-clock settlement and daily interest accrual, but no product has been launched, and no issuance has been decided.

Circle’s bank charter turns trust into leverage

Key points:

• Circle received final OCC approval to establish Circle National Trust, placing its new trust-bank custody operations under direct federal supervision.

• The bank will initially serve Circle and its affiliates, while future reserve management and institutional custody could deepen USDC’s regulated financial footprint.

News - Circle’s stock rallied after the Office of the Comptroller of the Currency (OCC) granted final approval for its national trust bank. Shares rose roughly 14% to 16% in pre-market trading and remained 8.4% higher after the opening bell, while growing stablecoin competition remained in view.

The charter is narrower than a commercial bank - Circle National Trust can provide fiduciary custody services but cannot accept consumer deposits or issue loans like a traditional bank. Its initial scope covers Circle and affiliated companies, although the approved plan leaves room to serve a limited group of institutional clients if demand develops.

USDC gains a federal option, not an instant overhaul - The charter could eventually bring management of USDC’s roughly $73 billion reserve under OCC supervision, but Circle described that as a future capability. For now, the approval strengthens its custody infrastructure and adds a unified federal framework for the trust bank alongside Circle’s wider regulatory footprint.

Regulation is becoming a competitive weapon - Circle’s rally followed weeks of pressure after more than 140 financial and technology firms, including Coinbase, Mastercard, and BlackRock, backed rival stablecoin Open USD. 

Coinbase still praised Circle’s approval despite supporting that challenger. Meanwhile, ARK Invest bought about $13.7 million in Circle shares one day before the rally. The reaction suggests investors see federal supervision as a possible advantage as crypto firms compete for institutional trust, custody business, and stablecoin distribution.

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More stories from the crypto ecosystem

• DeXe hits new ATH, targets $40 – THESE 2 indicators back bulls

• ‘Walled off’ – Hyperliquid, Phantom press CFTC for 3 DeFi demands

• BNB worth $226K lost! How BFB token’s safety protocol became its own worst enemy

• Rebound or liquidation? SOL at a make or break point!

• XRP’s sell pressure is on the lower side, so why is the market still weak?

Crypto scams uncovered

• Hong Kong is treating login codes as a phishing weak spot: The SFC told licensed crypto platforms and internet brokers to adopt phishing-resistant authentication within 12 months, saying one-time passwords should no longer be used for client login and device binding. 

• A Telegram staking pitch hid behind stolen influencer trust: A New York man was sentenced in June 2026 after prosecutors said he impersonated popular crypto influencers on Telegram, promoted fake staking and investment opportunities with guaranteed returns, and obtained at least $1.4 million before disappearing with victims’ crypto. 

• Some crypto scam victims are rescued before they know they are trapped: DOJ said Operation Level Up had notified 8,935 cryptocurrency investment fraud victims as of March 2026, with 77% of them unaware they were being scammed and an estimated $562.7 million saved from further losses.

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Top 3 coins of the day

DeXe (DEXE)

Key points:

• DEXE extended its 4H breakout near $36 after clearing $34, with $36 as immediate price-discovery resistance and $34-$34.50 as first support.

• The Madrid Ribbon stayed fully green and stacked below price, while EWO climbed to 15.388 and volume reached 101.03K, confirming aggressive trend momentum.

What you should know:

DEXE’s rally looked like a positioning squeeze turning into price discovery. Spot buyers reportedly dominated for eight straight days, with positive spot delta above 1M tokens, while open interest climbed 18% to $160M and derivatives volume jumped 146% to $210M as shorts were forced to cover. That demand matched the chart, where price pushed from the $28-$29 area into a high near $36. The Madrid Ribbon stayed fully green and layered below price, while EWO expanded to 15.388 and volume reached 101.03K. $36 is the resistance to clear next, while $34-$34.50 is first support and $30-$32 is the broader trend cushion.

Pepe (PEPE)

Key points:

• PEPE rebounded near $0.00000275 after holding above the Parabolic SAR near $0.00000255, putting $0.0000028-$0.00000285 back in focus.

• Stochastic RSI jumped to 89.73 and 83.53, while volume reached 2.03T, showing a strong but stretched memecoin bounce.

What you should know:

PEPE’s move read like a sentiment-led rebound chasing meme-sector momentum. Canary Capital’s Spot PEPE ETF S-1 filing kept an institutional-legitimacy hook alive, while PEPE’s reported $96M-$111M in 24-hour turnover supported its high-beta rotation story. On the chart, price recovered from the $0.0000023-$0.0000024 base and pushed near $0.00000275, with Parabolic SAR trailing below at $0.00000255. Stochastic RSI at 89.73 and 83.53 showed buyers had momentum, but the setup was already stretched. Volume reached 2.03T, confirming active participation without looking like a blowoff. $0.0000028-$0.00000285 is the resistance zone to clear, while $0.00000255-$0.0000026 is first support.

Pump.fun (PUMP)

Key points:

• PUMP slipped near $0.00145 after losing the Madrid Ribbon cluster around $0.00148-$0.00153, turning that area into the first reclaim zone.

• Stochastic RSI cooled to 44.21 and 61.46, while volume rose to 869.5M, showing active selling behind the latest breakdown.

What you should know:

PUMP’s chart seemed like a supply-overhang trade spilling through support. Ahead of the July 12 unlock, 82.5B PUMP tokens worth roughly $127M-$130M are set to enter circulation for teams and early investors, pushing traders into pre-unlock de-risking. Price lost the Madrid Ribbon cluster around $0.00148-$0.00153 and slid near $0.00145, turning that band into the first reclaim zone. Stochastic RSI cooled to 44.21 and 61.46, showing momentum had weakened without reaching clean exhaustion, while volume rose to 869.5M on the red candle. The pressure also had a fundamentals layer, with reported active user engagement down 80% over the last month. $0.00140-$0.00144 is support, while $0.00160-$0.00165 is upper resistance.

 

Reading time: 5 minutes

News | Crypto Converter | Crypto Calculators

UK crypto donation freeze faces permanent ban push

Key points:

• Labour MPs are pushing amendments to the Representation of the People Bill that would turn the UK’s temporary crypto donation moratorium into a permanent ban.

• The move comes amid wider scrutiny of Reform UK’s funding, although the major donations cited in the controversy were made in cash, not cryptocurrency.

News - Labour MPs are preparing to challenge the UK government’s political funding reforms by demanding tougher rules on campaign finance, including a permanent ban on cryptocurrency donations. The proposed amendment would harden the crypto donation moratorium introduced in March, when concerns around digital asset anonymity and foreign money risks pushed the issue into Westminster’s election law debate.

Crypto becomes the pressure point - The proposal is not being driven by confirmed crypto donations in the latest Reform UK funding row. Instead, crypto is being treated as a structural weak spot in political finance because of concerns that digital asset transfers can be harder to trace, especially across borders. That shifts the debate from whether crypto was used this time to whether it should be allowed at all.

The funding fight is widening - The crypto ban sits alongside other proposed amendments, including lower campaign spending limits, checks on new parties’ start-up capital, and stronger donor-risk reviews tied to foreign influence. Labour MPs backing the changes argue the bill is a rare chance to close gaps in UK political financing rules.

Why this matters - A permanent ban would mark a sharper political line against crypto’s use in elections, even as one review had argued for a temporary pause while regulation caught up. For the crypto industry, the risk is reputational: political finance could become another area where digital assets are framed less as innovation and more as a transparency problem.

Cash Cat memecoin drives early surge on Robinhood Chain

Key points:

• Robinhood Chain’s DEX volume hit a record $563.9 million on July 8 as Cash Cat became the week-old network’s first major breakout token.

• CASHCAT’s rally brought new wallets and fast profits, but thin liquidity and no official Robinhood affiliation kept the surge firmly in high-risk territory.

News - Robinhood Chain’s first major hype cycle did not come from tokenized stocks or bonds. It came from Cash Cat, a memecoin inspired by Robinhood’s early CashCat branding. Dune data showed the new Arbitrum-based network hit record DEX volume of $563.9 million on July 8, with nearly 200,000 active addresses and more than 140,000 first-time users.

The meme trade arrived first - Robinhood launched the chain on July 1 with a real-world asset focus, but retail speculation quickly set the pace. More than 16,000 tokens were created in a single day, while Cash Cat led network activity after Vlad Tenev posted that the chain was being built for RWAs but “works great for memes too.”

Early winners do not tell the full story - Onchain data showed one early CASHCAT buyer turning an $838 purchase into more than $900,000 in realized profit, with more tokens still held. Still, the token’s liquidity remained far smaller than its market value, meaning paper gains and headline returns did not reflect what most holders could realistically exit with.

Why this matters - For Robinhood Chain, meme trading delivered the wallets, transactions, and attention a new network needs. The harder test is whether that activity can outlast the Cash Cat rush and support Robinhood’s broader RWA pitch.

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One USDT approval drains nearly $1 million on Ethereum

Key points:

• A crypto user lost 999,999 USDT after signing a phishing token approval on Ethereum, according to Scam Sniffer.

• The attacker used approval permissions and multicall transactions to move the wallet’s balance without needing the victim’s private keys.

News - An Ethereum user lost 999,999 USDT after approving a malicious token permission that allowed attackers to drain funds from the wallet. Scam Sniffer flagged the incident, with onchain data showing the attackers first tried to pull a rounded 1 million USDT, failed because the wallet held slightly less, and then adjusted the script to withdraw the exact remaining balance.

The approval was the attack - This was not a seed phrase leak or a broken USDT contract. The loss came through an ERC-20 approval, a standard wallet permission that can let another address spend tokens on a user’s behalf. When that spender is malicious, the attacker can move funds after the signature without asking for another confirmation.

Automation narrowed the exit window - The stolen USDT was extracted across three transfers, including 639,999 USDT, 159,999 USDT, and 200,000 USDT. Sources said the attacker used multicall functions, allowing multiple actions to be bundled quickly. That speed made any later attempt to revoke the approval far less useful.

Why this matters - Approval phishing remains one of crypto’s most persistent user-side risks because a familiar “approve” prompt can hide a direct spending authorization. Security firms urged users to verify domains, spender addresses, token permissions, and approval amounts before signing, while regularly revoking unused approvals tied to unfamiliar apps.

Sony Bank’s stablecoin plan clears first U.S. hurdle

Key points:

• Sony Bank received conditional OCC approval to create Connectia Trust, a U.S. national trust bank subsidiary focused on dollar-denominated stablecoins.

• The unit will be backed with $40 million in capital, but it cannot begin operations or issue stablecoins until final approvals are secured.

News - Sony Bank has received preliminary approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Connectia Trust, National Association, a wholly owned U.S. subsidiary for issuing and managing dollar-denominated stablecoins. The planned unit, expected to be based in New York, will start with $40 million in capital and is part of Sony Financial Group’s longer-term digital asset strategy.

The approval is only a doorway - The OCC nod moves Sony closer to regulated U.S. stablecoin issuance, but it does not allow the business to launch immediately. Sony Bank said Connectia Trust will not conduct business or issue stablecoins until all required authorizations are received, including final OCC approval.

Sony’s payment use case is still the test - The stablecoin plan could support payments for digital content across Sony’s U.S. business, including games, anime, and subscriptions. That gives the project a more specific use case than a generic dollar token, especially if Sony can connect stablecoin payments to its existing entertainment reach.

Why this matters - Sony is entering a crowded stablecoin field where dollar-backed tokens already dominate market value and major issuers, payment firms, and crypto companies are also pursuing federal trust structures. Conditional approval gives Sony a regulatory path, but the bigger test is whether Connectia Trust can turn that approval into a usable payment layer rather than another stablecoin plan waiting on final clearance.

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More stories from the crypto ecosystem

• Kazakhstan’s new crypto adoption push: Stablecoin rules, tax exemptions explained!

• Bitcoin vs. gold: Why the BTC/XAU ratio could be key in July

• Is Robinhood making the same ‘memecoin’ bet that made Solana a winner?

• Shiba Inu drops 5% despite biggest token burn in 6 months – Here’s why!

• How fresh liquidity, adoption can revive XRP’s demand and short-term price on the charts

Interesting facts

• Tezos just scaled its data lane without splitting the chain: The Ushuaia upgrade went live on Tezos mainnet on June 30, 2026, increasing Data Availability Layer bandwidth to 10 MB/s, a 15x jump, while activating through on-chain governance without a fork or network disruption. 

• Stellar is testing privacy that still leaves room for compliance: Stellar’s Confidential Tokens developer preview is live on testnet, letting SEP-41 tokens hide balances and transfer amounts while keeping sender and recipient addresses visible, with auditor view keys and policy controls built into the design. 

• Uniswap’s next liquidity experiment makes idle capital work between trades: Spark migrated $150 million of stablecoin liquidity to Uniswap v4 and plans to route it through DualPool, a new hook that keeps liquidity in yield-bearing ERC-4626 vaults between swaps and pulls it into a v4 pool only when execution needs it.

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Top 3 coins of the day

Celestia (TIA)

Key points:

• TIA pushed back near $0.41 after reclaiming $0.40, with $0.41-$0.43 now acting as the next resistance zone.

• Supertrend stayed supportive near $0.37, while Squeeze Momentum turned positive at 0.0092 and volume reached 2.91M.

What you should know:

TIA’s move was built around a post-upgrade recovery attempt, with the July 1 v9.0.4 completion lifting sentiment and reportedly driving a sharp jump in daily trading volume. On the chart, price reclaimed $0.40 and closed near $0.41, turning the latest candle into a resistance-flip attempt rather than a clean breakout. Supertrend stayed supportive near $0.37, giving the move a clearer trend floor, while Squeeze Momentum rose to 0.0092 above zero. Volume reached 2.91M, confirming participation behind the push without matching the largest prior spikes. $0.41-$0.43 is the resistance zone to monitor, while $0.40 and $0.37-$0.38 are support areas if momentum cools.

Arbitrum (ARB)

Key points:

• ARB rebounded near $0.087 after a fresh Supertrend buy signal, with $0.088-$0.09 now acting as the next resistance zone.

• RSI jumped to 71.42, while volume surged to 36.67M, showing strong breakout participation but also a slightly overheated short-term setup.

What you should know:

ARB’s latest jump had a clearer value-accrual story behind it. Robinhood Chain launched on Arbitrum Orbit and crossed 4M transactions in its first week, while a new fee-sharing model directs 10% of protocol fees back to the Arbitrum ecosystem, including 8% to the ARB tokenholder-controlled DAO treasury. That gave the breakout more weight as price rebounded near $0.087 after a Supertrend buy signal around $0.076. RSI rose to 71.42, showing strong but stretched momentum, and volume expanded to 36.67M. $0.088-$0.09 is the resistance zone to clear, while $0.08-$0.082 and $0.075-$0.076 are support areas to monitor.

Stellar (XLM)

Key points:

• XLM stayed under pressure at $0.18 after failing at $0.21-$0.215, leaving $0.19-$0.20 as the first reclaim zone.

• Price remained below the 20/50 MA Cross levels near $0.19 and $0.20, while Squeeze Momentum stayed negative at -0.0141 and volume spiked to 418.18M.

What you should know:

XLM’s decline looked like a post-upgrade unwind rather than simple market drift. The July 8 Protocol 27 vote, which introduced delegated authentication and quantum-safe cryptography components, failed to spark fresh speculative demand and instead fed a sell-the-news reaction. On the chart, price slipped near $0.18 after rejection from $0.21-$0.215, while the 20/50 MA Cross kept resistance stacked around $0.19-$0.20. Squeeze Momentum stayed negative at -0.0141, showing sellers still had control, and volume jumped to 418.18M during the breakdown. $0.18 is the immediate support to watch, while $0.17-$0.172 is the deeper downside zone if selling continues.

 

Reading time: 5 minutes

News | Crypto Converter | Crypto Calculators

SpaceX’s tiny Bitcoin transfer sparks outsized market scrutiny

Key points:

• SpaceX moved less than $300 worth of Bitcoin across tagged wallets after about six months of inactivity, with no coins sent to an exchange.

• The activity looked like routine custody maintenance, but SpaceX’s disclosed 18,712 BTC position has made even minor wallet moves market-sensitive.

News - SpaceX’s first Bitcoin wallet activity in about six months triggered outsized attention, even though the transfers totaled less than $300. 

Arkham Intelligence flagged small movements between SpaceX-tagged wallets, along with a Coinbase Prime custody top-up that appeared consistent with fee funding. The reaction showed how SpaceX’s June 12 IPO filing changed the market lens around its Bitcoin treasury by revealing 18,712 BTC worth about $1.16 billion.

The signal stayed inside SpaceX - None of the Bitcoin reached an exchange deposit address, the clearest sign of a potential sale. Instead, the transfers fit routine institutional wallet maintenance, including fee funding, address checks, or signing setup tests before any larger transaction. That distinction mattered after recent corporate Bitcoin sales made investors quicker to read large-wallet activity as a market risk.

Public ownership changed the stakes - Before the IPO filing, Arkham had attributed only about 8,285 BTC to SpaceX. The disclosed figure more than doubled that estimate and brought the full treasury into public view. As a result, even a tiny internal transfer now carries more weight than it would have when SpaceX was private.

SPCX added another pressure point - The wallet activity landed as SpaceX’s stock remained under pressure despite joining the Nasdaq-100 before the July 7 opening bell. SPCX has fallen more than 25% from recent highs, while JPMorgan expects the index addition to generate about $4.3 billion in passive buying.

Crypto slides as oil surge reframes Iran tensions as a macro shock

Key points:

• Bitcoin fell below $62,000 after Trump said the U.S.-Iran ceasefire was “over,” while oil surged as Strait of Hormuz supply risks returned.

• Altcoins took heavier damage, with $350 million of the $450 million in crypto liquidations coming from altcoin pairs.

News - Crypto and stock markets slipped into risk-off mode after U.S. President Donald Trump said the U.S.-Iran ceasefire was “over,” following renewed strikes tied to the Strait of Hormuz and regional U.S. targets. Bitcoin dropped toward the $61,500 to $62,000 zone while ether fell more than 2%. Oil moved the other way, with U.S. WTI climbing above $75 and Brent rising above $79 as traders repriced supply disruption risks.

Bitcoin traded like risk, not refuge - The move reinforced Bitcoin’s current crisis behavior. Instead of rallying as a haven, BTC fell alongside equities while oil climbed on supply fears. Traders flagged the $61,000 area as a crucial level, but the immediate trigger remained geopolitical headlines, not a single crypto-native catalyst.

Altcoins carried the sharper wound - The broader crypto sell-off was more severe outside Bitcoin. CoinGlass data showed altcoin pairs accounting for $350 million of $450 million in total liquidations, while JUP, ETHFI, and PUMP lost more than 5%. Solana also erased its July rally, showing how quickly thinner liquidity can amplify macro shocks.

Oil now sets the market’s stress level - The bigger crash risk sits with crude. Schwab’s scenario work keeps Brent at $75 to $100 in a moderate case, but warns that $100 to $125 could deepen equity corrections, while a move above $125 could imply recession and a bear market. For now, the market test is less about rhetoric and more about whether Hormuz-linked oil pressure keeps building.

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BNB Chain’s AI-agent roadmap turns execution into the new battleground

Key points:

• BNB Chain plans to launch a new layer-1 blockchain for high-frequency trading, automated payments, and AI-driven transactions.

• The roadmap targets more than 100,000 transactions per second, sub-second finality, a late-2026 testnet, and an early-2027 mainnet.

News - BNB Chain has unveiled plans for a new layer-1 blockchain built for high-frequency trading and autonomous AI agents, as developers argue that today’s blockchains are not fast enough for software that can trade, pay, and execute transactions without constant human approval. The network will run alongside the existing BNB Chain ecosystem rather than replace it, with a public testnet expected by the end of 2026 and mainnet planned for early 2027.

The speed race moved to execution - The roadmap targets transaction preconfirmations under 50 milliseconds, throughput above 100,000 transactions per second, and sub-second block finality. BNB Chain also plans to remove the public mempool by streaming transactions directly to block leaders, a design meant to reduce latency and limit front-running risks.

BSC became the baseline - The new plan builds on performance gains already made during the first half of 2026. BNB Smart Chain cut block intervals from 750 milliseconds to 450 milliseconds, while benchmark throughput rose from roughly 2,800 transactions per second to about 5,200. The next phase shifts toward execution-layer upgrades, including just-in-time compilation and other optimization techniques.

The Binance frame adds a separate tension - The infrastructure push landed as Binance separately denied a report that it changed U.S. law-enforcement cooperation policies after a reported DOJ memo warned prosecutors of reduced cooperation. The contrast is subtle but relevant: BNB Chain is pitching faster rails for AI-driven finance, while the exchange faces renewed scrutiny over how crypto platforms respond to investigators.

Ethereum’s UTXO rethink reopens Cardano’s credit fight

Key points:

• Charles Hoskinson accused Ethereum of copying Cardano’s EUTXO model after an Ethereum researcher proposed native UTXOs for payments.

• The proposal targets roughly 99.8% lower permanent state use for certain payment workloads, but it remains research, not a mainnet upgrade.

News - Cardano founder Charles Hoskinson criticized Ethereum after Ethereum Foundation researcher Toni Wahrstätter published a proposal for native UTXOs on Ethereum. The design treats payments as one-shot objects, proving their existence from history while keeping only a small spent marker in state. Wahrstätter argued that this could cut permanent state usage by roughly 99.8% for payment activity that does not need persistent account state.

The technical issue is Ethereum’s state load - Ethereum’s account model can leave permanent state entries even after simple payments. Wahrstätter’s proposal would add UTXO-style payments without abandoning accounts, using frame transactions under EIP-8141 and a structure that stores UTXO openings in logs and roots instead of permanent account state. The goal is efficiency, especially for payment flows that do not need full smart-contract state.

Hoskinson turned design into attribution - Hoskinson argued that Ethereum developers are exploring territory Cardano has spent years building through its Extended UTXO model, while avoiding direct credit to Cardano. He claimed EUTXO is one of smart contracts’ biggest innovations and said mentioning Cardano remains taboo inside Ethereum circles.

Cardano’s own timing sharpened the contrast - The debate landed as Hoskinson also praised RealFi’s Phase 1 testnet, calling it one of Cardano’s most important releases. That matters because Cardano’s argument is not only about who had the model first. It is also about whether Cardano can pair its technical claims with useful financial applications, deeper DeFi activity, and upcoming scaling work such as Leios.

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More stories from the crypto ecosystem

• Will Zcash’s ‘formal verification’ of Ironwood clear counterfeiting fears and boost ZEC? 

• Ethereum holds Q3 gains as Tether burns $2.5B – Yet THIS catalyst remains

• Solana: Pump.fun transfers over 68K SOL, yet buyers refuse to panic – Why?

• Is crypto heading for another Q1-style sell-off amid macro FUD?

• Examining how Japan’s bond market could decide Bitcoin’s next move

Did you know?

• Solana’s speed story is entering the validator-client handoff: Solana Foundation says Alpenglow is under development as a consensus overhaul targeting 150ms confirmation times, and its July 2026 changelog said Agave had merged the final feature flag for validators to begin switching to Alpenglow in v4.3. 

• Dubai turned crypto token approval into a firm-level responsibility test: From January 12, 2026, DFSA shifted its DIFC crypto token framework from a regulator-led suitability assessment to a firm-led, documented assessment, meaning firms must now decide whether each token they handle meets suitability criteria. 

• Crypto ETPs got the plumbing upgrade they missed at launch: In July 2025, the SEC approved in-kind creations and redemptions for crypto asset ETP shares, moving Bitcoin and Ether ETPs closer to the operating model used by commodity-based ETPs after their earlier cash-only setup.

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Top 3 coins of the day

Zcash (ZEC)

Key points:

• ZEC cooled near $463 after its latest push toward $500, leaving $475-$500 as resistance and $435-$440 as deeper support.

• Price sat near the Bollinger basis around $464, while CMF slipped slightly negative at -0.01 and volume stayed light at 5.37K.

What you should know:

Zcash’s pause came after a security-led rally, not a simple chart reset. Ironwood progress gave the move its anchor, with developers nearing an AI-assisted formal proof for the new shielded pool ahead of the July 21 mainnet launch, directly addressing hidden inflation fears tied to Orchard. On the chart, price cooled near $463 after testing the $500 area, landing close to the Bollinger basis around $464. CMF slipped slightly negative at -0.01 and volume stayed light at 5.37K, so follow-through still needs stronger inflows. $475-$500 is the resistance area to monitor, while $435-$440 is the deeper support zone.

Uniswap (UNI)

Key points:

• UNI cooled near $3.29 after pressing the upper Bollinger Band, keeping $3.30-$3.40 as the next resistance zone.

• MACD stayed supportive, with the line at 0.042 above the signal at 0.035, while the histogram remained positive at 0.007 and volume reached 462.19K.

What you should know:

UNI’s latest push had a tokenomics hook before the chart cooled. The July 7 UNIfication vote would extend fee burns to v4 pools, while Uniswap’s native AMM role on Robinhood Chain had already topped $250M in first-week volume. On the 4H chart, price hovered near $3.29 after pressing the upper Bollinger Band around $3.31, keeping $3.30-$3.40 as the zone bulls need to clear. MACD stayed supportive as the line held above the signal at 0.042 versus 0.035, with the histogram positive at 0.007. Volume reached 462.19K, but follow-through still needs to improve. $3.19-$3.20 is mid-band support, with $3.08-$3.10 deeper below.

Morpho (MORPHO)

Key points:

• MORPHO pulled back near $2.10 after testing $2.15-$2.20, keeping that zone as the next resistance area to clear.

• Parabolic SAR stayed below price near $1.97, while MACD remained bullish with the line at 0.032 above the signal at 0.018 and volume at 195.35K.

What you should know:

MORPHO’s rally was anchored in usage, not just chart momentum. Robinhood Earn put Morpho Vaults in front of eligible U.S. users seeking an estimated 7% APY on USDG deposits, while Robinhood Chain’s TVL topped $100M, with roughly $90M concentrated in Morpho infrastructure. On the chart, price pulled back near $2.10 after testing $2.15-$2.20, but Parabolic SAR stayed below price near $1.97. MACD also remained constructive, with the line at 0.032 above the signal at 0.018 and the histogram positive at 0.014. $2.15-$2.20 is the resistance zone to clear, while $2.05-$2.10 and $1.95-$2.00 are support levels.

 

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BONK’s treasury attack turns DAO voting into a capital test

Key points:

• BonkDAO lost roughly $20 million after an attacker used BIP #76 to move 4.426 trillion BONK from the treasury through a passed governance proposal.

• The incident exposed how low turnout, a 1% quorum, and the lack of execution delays or multisig safeguards can leave token-weighted DAOs vulnerable.

News - BonkDAO’s treasury was drained after an attacker used the project’s own governance process to pass a malicious proposal and transfer roughly $20 million in BONK tokens to a controlled wallet. The attacker reportedly spent about $4.4 million buying BONK across exchanges, assembled enough voting power to clear the DAO’s quorum, and pushed through BIP #76, titled “Sowellian BonkDAO.” 

BonkDAO said it has notified law enforcement and is working with exchanges, bridges, and the Solana Foundation to track and recover the funds.

A vote that became the exploit - The attack did not rely on a conventional wallet breach. It used the DAO’s token-weighted voting design, where a temporary voting majority could approve an onchain transfer. The proposal passed with limited participation, turning low turnout into a treasury-level security risk.

The missing guardrails mattered - The incident sharpened scrutiny of BonkDAO’s governance setup. Sources pointed to weak safeguards, including no timelock delay after approval, no emergency multisig override, and a quorum threshold that could be reached through concentrated token buying.

BONK now faces a confidence test - The market reaction reflected more than the stolen funds. BONK fell after the attack, exchanges including Upbit and Kraken paused token services, and the episode revived a larger debate over whether valid onchain transactions can still amount to theft when governance rules are used against the community.

Japan’s bond stress puts Bitcoin’s carry trade risk back on the table

Key points:

• Japan’s 10-year bond yield climbed to around 2.85%, its highest level in roughly three decades, raising fresh pressure on global risk assets, including Bitcoin.

• The weak yen is also pushing Japanese firms toward Bitcoin, XRP, and stablecoins, creating a split signal between treasury adoption and macro stress.

News - Japan’s bond market is becoming a bigger test for crypto’s latest rebound. The country’s 10-year government bond yield rose to its highest level since the 1990s, while the yen traded near multi-decade lows despite a record ¥11.73 trillion ($73.6 billion) intervention.

Bitcoin was still trading near $64,000 after recent macro relief, but rising Japanese yields have revived concerns that yen-funded carry trades could unwind across stocks and crypto.

The carry trade risk returns - For years, investors borrowed cheap yen to fund positions in higher-return assets. Higher Japanese yields make that trade harder to maintain, especially with yen short bets reportedly near $11.3 billion. The warning is simple: if funding costs rise too quickly, investors may sell risk assets to repay yen loans.

Adoption has a different driver - Japan’s weak currency is not only a stress signal. SBI VC Trade said Japanese companies are adding Bitcoin and XRP to diversify reserves beyond cash, while demand for USDC, RLUSD, and JPYSC has supported broader regulated crypto access. Its VCTRADE and BITPOINT services have now crossed 2 million registered accounts.

Leverage could amplify the shock - The macro risk is landing in a market already carrying heavy long exposure. Alphractal CEO Joao Wedson warned that unliquidated longs now dominate Bitcoin, Ethereum, XRP, and Solana, leaving major tokens vulnerable if a small pullback turns into a liquidation cascade.

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Dormant Bitcoin lawsuit raises questions about ownership and inactivity

Key points:

• The Digital Chamber filed an amicus brief urging a New York court to dismiss a lawsuit seeking title to 39,069 inactive Bitcoin addresses.

• The case could test whether dormancy, public blockchain data, and lost-property law can be used to challenge self-custodied Bitcoin ownership.

News - The Digital Chamber has stepped into a New York lawsuit over thousands of dormant Bitcoin addresses, warning that the case could create a dangerous precedent for self-custody. 

The suit, brought by Noah Doe and two Wyoming-based companies, seeks ownership of 39,069 inactive addresses that reportedly hold roughly 3.7 million to 3.8 million BTC, including some addresses associated with Satoshi Nakamoto. The plaintiffs argue that years of inactivity support an abandoned property claim under New York’s lost property law.

Inactivity is not surrender - The Digital Chamber pushed back on the idea that dormant wallets can be treated as abandoned property. Its brief argued that long-term inactivity can reflect holding strategies, cold storage, estate situations, or simple non-use, not an intent to give up ownership.

The private-key gap matters - The lawsuit also runs into a basic crypto reality: the plaintiffs do not control the private keys. Digital Chamber argued that granting paper title without access to the assets would create legal uncertainty for real wallet owners who may still control the addresses.

Old coins are already moving - The case is also being challenged by activity onchain. Galaxy Digital’s Alex Thorn said 31 listed addresses moved 17,527 BTC in June, while a pseudonymous defendant, John Doe 33, has appeared in court claiming control of one address. Court proceedings are paused until oral arguments scheduled for July 14.

Coinbase’s UK license tests how far a crypto exchange can stretch

Key points:

• Coinbase secured UK investment services authorization from the Financial Conduct Authority (FCA), allowing it to expand into equities and derivatives alongside crypto.

• Retail users will be able to trade equities, while derivatives access will remain limited to institutional and advanced traders under current UK rules.

News - Coinbase has received UK regulatory approval to offer traditional investment services, marking a major expansion of its product lineup in the country. 

The authorization allows retail users to trade equities on Coinbase for the first time, while institutional and advanced traders can access perpetual futures tied to crypto, equities, and commodities. The move fits Coinbase’s stated “everything exchange” plan, but the rollout still depends on UK market rules and future regulatory permissions.

Access expands, but unevenly - The approval does not open every product to every user. Retail customers gain access to equities, while crypto derivatives remain restricted because the FCA’s ban on retail crypto derivatives is still in place. That keeps Coinbase’s UK expansion broad, but clearly segmented.

Rules still set the ceiling - The license adds to Coinbase’s UK e-money license and crypto registration, giving it a wider regulated base before the country’s full crypto framework takes effect in October 2027. It also shows how exchanges may need formal authorization to move beyond spot crypto products.

The exchange label keeps shifting - Coinbase remains a crypto exchange, but its UK approval pushes it further into multi-asset territory. With equities, derivatives for advanced users, and tokenized stock plans in its wider roadmap, the company is moving closer to the territory already occupied by brokerages, fintech apps, and trading platforms.

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More stories from the crypto ecosystem

• Will Noah Doe’s Satoshi BTC claim ‘disrupt entire industries’? Defendants say…

• United Nations doubles down on Stellar after aid costs fall 80% – Details

• Bitcoin whales bet $94M on recovery – Can BTC finally clear $64K?

• ‘Incentivize democracy’ at the cost of security? Inside Bonk’s $20M exploit

• Can Ethereum’s $150B stablecoin liquidity help ETH bulls reclaim control?

Interesting facts

• Regulated crypto derivatives just crossed into always-on territory: CME Group launched 24/7 trading for its cryptocurrency futures and options on May 29, 2026, bringing regulated derivatives closer to crypto’s nonstop spot-market rhythm instead of Wall Street’s usual trading clock. 

• Bitcoin’s data debate moved from theory into node policy: Bitcoin Core 30.0 raised the default -datacarriersize setting to 100,000, effectively uncapping OP_RETURN data relay within standard transaction-size limits, while still letting operators revert to the older limit through configuration. 

• ENS canceled its own chain because Ethereum got cheaper: ENS Labs said in February 2026 that it would stop developing Namechain and deploy ENSv2 exclusively on Ethereum L1, after falling registration gas costs made a dedicated ENS rollup less necessary.

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Top 3 coins of the day

Aerodrome Finance (AERO)

Key points:

• AERO held near $0.60 after printing a fresh HH, with $0.61-$0.62 as immediate resistance and $0.54 as the prior HL support.

• DMI stayed constructive, with ADX at 36.85 and +DI at 29.02 above -DI at 15.45, though volume remained light at 6.51K.

What you should know:

AERO’s chart read like a structure-led climb, not a volume-led breakout. Price held near $0.60 after the Higher High Lower Low indicator marked a fresh HH, while the prior HL near $0.54 kept the recovery sequence intact. DMI supported that bias as ADX remained strong at 36.85 and +DI stayed above -DI, although volume was only 6.51K. The move also had clear protocol drivers: the July Aero merger will combine Aerodrome on Base and Velodrome on Optimism into one cross-chain model, while Predictive Allocation added an efficiency-focused upgrade. $0.61-$0.62 is the resistance area to monitor, with $0.54 as the key structure support.

Bonk (BONK)

Key points:

• BONK slipped back around $0.0000042 after rejecting $0.0000050-$0.0000051, leaving $0.0000044 as the first reclaim area.

• The AO stayed negative at -0.00000025, while volume rose to 9.83B, showing that the latest move was still weighed down by sell-side pressure.

What you should know:

BONK’s setup shifted from a support hold to event-risk damage after the token rejected $0.0000050-$0.0000051 and slipped back around $0.0000042. Price remained below the 9-day SMA near $0.0000044, while the AO stayed negative at -0.00000025, showing that the bounce had not repaired bearish momentum. Volume climbed to 9.83B during the sell-off, pointing to active exit pressure rather than quiet drift. The pressure came with a clear trigger: a $20M BonkDAO governance exploit passed through BIP #76, while stolen tokens reportedly moved toward centralized exchanges and Upbit suspended BONK deposits and withdrawals. $0.0000045 is the first reclaim area, while $0.0000040-$0.0000041 is the support zone to monitor.

MemeCore (M)

Key points:

• M recovered near $1.50 after its late-June crash, but $1.70-$1.80 remains the next resistance zone before the rebound looks stronger.

• Price stayed above the 9-day SMA near $1.30, while RSI held at 58.45 and volume sat at 1.17K, showing a steadier but lighter recovery.

What you should know:

M’s rebound was still a repair trade, not a full trend reset. After collapsing from around $2.80 to $0.40 in late June, price recovered near $1.50 and stayed above the 9-day SMA near $1.30. RSI at 58.45 showed momentum had normalized without reaching an overheated zone, but volume was light at 1.17K, so the latest bounce lacked the force seen during the first rebound. The main driver behind the move was the MemeCore Foundation’s $10M buyback initiative, alongside reassurances that no underlying issues were detected and that insiders had not offloaded tokens. On the chart, $1.70-$1.80 stands out as the next hurdle, while $1.30 and $1.20 continue to act as downside cushions.

 

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Strategy’s Bitcoin sale turns its buy-and-hold pitch into a market test

Key points:

• Strategy sold 3,588 BTC for $216 million to fund preferred stock dividends and replenish cash reserves, leaving it with 843,775 BTC and a $2.55 billion U.S. dollar reserve.

• Bitcoin briefly fell near $61,000 after the disclosure, while analysts split over whether Strategy’s sale marks a temporary funding move or a bigger change in market support.

News - Bitcoin erased much of its holiday rebound after Strategy disclosed that it sold 3,588 BTC through July 5. The sale, which raised $216 million, was used to fund preferred stock dividends and support cash reserves. BTC dropped more than 4% near $61,000 before a U.S. session rebound stalled around $62,000, keeping the market focused on whether Strategy’s treasury playbook is changing.

Why the sale mattered beyond size - The transaction represented less than 0.5% of Strategy’s total Bitcoin holdings, but timing made it more sensitive. It followed an earlier 32 BTC sale, recent buys at higher prices, and a new capital framework that allows selective Bitcoin sales to support dividend obligations.

STRC became the pressure point - Strategy’s preferred stock, STRC, remained below its intended $100 par value, even after the company raised its annual dividend rate to 12%. Cantor said restoring STRC to par is central to restarting Strategy’s capital engine, while Bernstein argued the firm’s liquidity position makes forced Bitcoin sales unlikely.

The market lost a cleaner buyer story - Strategy is still the largest public corporate Bitcoin holder, but the sale complicated its long-running accumulation narrative. Rekt Capital saw echoes of Bitcoin’s 2022 weakness, while Michaël van de Poppe argued Strategy could later announce fresh BTC purchases that offset the market’s initial shock.

Ethereum’s rebuild narrative gets a treasury-demand boost

Key points:

• Vitalik Buterin’s updated Lean Ethereum strawmap proposes a 3 to 4 year overhaul centered on recursive STARKs, privacy, quantum safety, and new state types.

• BitMine bought 42,197 ETH worth roughly $74 million last week, lifting holdings to 5.74 million ETH, or about 4.8% of circulating supply.

News - Ethereum’s latest market story was not only about price. Buterin’s refreshed Lean Ethereum roadmap drew broad support from core researchers, even as developers, including Eli Ben-Sasson and Dankrad Feist, argued that the execution window was too slow. At the same time, BitMine kept adding ETH, tying its accumulation to rising optimism around the proposed Clarity Act and regulatory clarity for smart contract platforms.

The roadmap found support, but not patience - Researchers largely backed the direction: lighter verification through recursive STARKs, privacy as a first-class goal, quantum-safe cryptography, and more scalable state design. The pushback centered on pace, with Ben-Sasson warning against waiting years for quantum readiness and Feist urging a roughly one-year target.

BitMine turned ETH into a treasury story - BitMine’s latest purchase lifted its ETH stack to about $10 billion, with more than 4.8 million ETH staked for recurring yield. Its buying contrasted with Strategy’s Bitcoin sale, giving Ethereum a clearer treasury-accumulation contrast while BTC’s largest corporate holder faced dividend-related pressure.

Market strength met technical ambition - ETH led major crypto assets over the week, rising about 12% as Bitcoin steadied above $63,000. For Ethereum, the signal was the alignment of developer ambition, treasury accumulation, and regulatory optimism, even if the roadmap remains years from full execution.

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Ripple’s MiCA win puts XRP’s utility gap under the spotlight

Key points:

• Ripple secured full MiCA CASP authorization in Luxembourg, allowing it to offer regulated cryptoasset services across all 30 EEA countries.

• XRP rose 2.87% after breaking above $1.14, but sellers near $1.158 turned the move into a support test rather than a confirmed trend shift.

News - Ripple’s preliminary Crypto-Asset Service Provider (CASP) authorization in Luxembourg has been upgraded to a full MiCA license, giving the company a regulated path to provide cryptoasset services across the EEA. The approval follows Ripple’s February Electronic Money Institution license from Luxembourg’s CSSF, strengthening its ability to scale regulated payment and crypto services in Europe after MiCA came fully into force.

The license helps Ripple first - The CASP authorization is a service-provider approval, not a token approval. It can support Ripple’s regulated payments push across transfers, custody, exchange, and institutional crypto services, depending on the scope approved by the regulator. That makes the win more directly relevant to Ripple’s infrastructure business than to XRP itself.

RLUSD has the cleaner compliance link - Ripple’s stablecoin strategy fits neatly into the post-MiCA market, where licensed partners matter more. RLUSD could benefit if institutions use Ripple for compliant settlement, liquidity, remittances, or business payments, especially as unlicensed crypto firms are forced to stop operating in the region.

XRP still needs usage to follow - XRP could benefit if Ripple’s growth creates real activity on the XRP Ledger, deeper XRP liquidity, or bridge-asset demand. For now, the market is testing that link. XRP broke above $1.14 on heavy volume, but the pullback left traders watching whether $1.14 to $1.145 can hold as support.

AI agents push tokenized finance into the policy danger zone

Key points:

• UK Foreign Secretary Yvette Cooper warned that governments cannot wait for an “AI equivalent of Hiroshima” before agreeing on global safety principles and standards.

• The FCA’s new retail finance review said agentic AI could shift financial services from human-led decisions to continuous, delegated automation.

News - UK officials and financial regulators are sharpening their warnings on AI as autonomous systems move closer to real financial decision-making. Cooper called AI safety the greatest security challenge of the next decade, while the FCA’s Mills Report said retail finance is moving toward AI-enabled, continuous, and delegated services. That shift could make programmable settlement, stablecoins, and tokenized deposits more important to future financial infrastructure.

The risk moved from theory to market plumbing - The FCA’s blueprint placed agentic AI on an autonomy spectrum, with humans potentially becoming observers as AI agents manage capital. For those agents to execute complex strategies at machine speed, the report pointed to the need for instant, programmable settlement mechanisms that traditional banking rails may struggle to provide.

Regulators worry about synchronized machines - Bank of England Deputy Governor Sarah Breeden warned that if many AI agents react similarly to identical prompts, they could amplify volatility during market stress. She also raised the possibility of guardrails, such as circuit breakers or kill switches, if faulty AI models threaten market stability.

Accountability became the sticking point - FCA leaders and industry voices said innovation still needs clear human responsibility. As Nikhil Rathi warned, traditional rulemaking cycles may not work when AI systems evolve in weeks or months, leaving regulators to build faster, more collaborative tools.

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More stories from the crypto ecosystem

• Pump.fun: Why a 61% volume surge could send PUMP price to $0.0018

• Bitcoin miner stress returns to historic lows – Is a BTC recovery near?

• Bitcoin’s ‘greatest evolution’ lies beyond the protocol: Michael Saylor

• Aave V4 crosses $250M – But ONE liquidity challenge still remains

• Is altcoin season here? Why Bitcoin’s $21B OI says not yet

Did you know?

• The U.K.’s crypto rulebook is turning compliance prep into a two-year runway: The FCA’s crypto regime is giving firms a long lead time before full rules take effect, with pre-application support beginning in July 2026, formal applications opening on September 30, 2026, and the regime expected to go live on October 25, 2027.

• A central bank tokenization test is moving from prototype to real money: Project Agorá, led by the BIS and IIF, showed that tokenized central bank reserves and commercial bank deposits can support wholesale cross-border settlement with finality across jurisdictions, and the project now intends to advance into real-value transaction testing.

• Crypto collateral is inching toward regulated derivatives plumbing: The CFTC launched an initiative to explore tokenized collateral in derivatives markets, then followed up with FAQs for registrants covering crypto assets, blockchain technologies, tokenized collateral guidance, and digital assets accepted as margin collateral.

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Top 3 coins of the day

Lighter (LIT)

Key points:

• LIT pushed higher to $2.56 after holding firm above $2.35-$2.36, with $2.60-$2.62 and $2.70-$2.73 now acting as the next resistance levels.

• Momentum stayed strong as the latest Bollinger Bar closed at its high, while CMF remained positive at 0.09 and volume reached 65.29K, indicating continued buyer dominance.

What you should know:

LIT’s rally looked like an extended momentum move, not a fresh base breakout. Price had climbed from the late-June $1.70-$1.80 range before the latest 4H candle closed at $2.56, right at its high. The chart still leaned bullish as the Bollinger Bar held a strong close, CMF stayed positive at 0.09, and volume reached 65.29K. The move also had clear drivers: Lighter shifted from revenue-based buybacks to permanent supply burns, with about 15.5M LIT, or 6.3% of circulating supply, set to be destroyed. Robinhood Wallet’s Lighter Perps integration and an $11M LIT rewards pool added the retail-access angle. Now, $2.60-$2.62 is the first resistance, while $2.43-$2.44 and $2.35-$2.36 are support zones to watch for.

Aave (AAVE)

Key points:

• AAVE rebounded to $94.41 on the latest 4H candle after defending $89.80, bringing $94.70-$95 and $97.50-$99 back into focus as resistance zones.

• The Squeeze Momentum Indicator turned positive at 2.22, while volume rose to 72.96K and the latest Bollinger Bar closed near its high, showing renewed upside pressure.

What you should know:

AAVE’s chart framed the move as a recovery test after the early-July pullback, not a chase into fresh highs. Price bounced from $89.80 and closed at $94.41, near the latest 4H high of $94.72, as buyers pushed back into the $94.70-$95 resistance area. The Squeeze Momentum Indicator improved to 2.22 above zero, while volume rose to 72.96K, confirming stronger participation than the prior quieter candles. The move had protocol-specific support too: Aave’s Monad deployment crossed $100M in user deposits within 48 hours, and Aave V4 surpassed $250M in liquid asset deposits. Now, $97.50-$99 is the larger recovery test, while $91.50-$92 and $89.50-$90 are supports to monitor.

DeXe (DEXE)

Key points:

• DEXE climbed to $28.43 after tagging $28.50, placing price near the Elliott Wave 5 high and keeping $28.50-$29 as the immediate resistance zone.

• Stochastic RSI stayed stretched at 100.00 and 95.35, while volume reached 63.8K, showing strong but overheated short-term momentum.

What you should know:

DEXE’s move carried a late-cycle breakout tone. Price pushed to $28.50 and closed at $28.43, placing the latest 4H candle near the Elliott Wave 5 high rather than at the start of a new setup. Stochastic RSI was stretched at 100.00 and 95.35, so momentum stayed powerful but overheated, while volume reached 63.8K. The rally had a specific demand story: whale transactions, active addresses, and new wallet creation reportedly hit highs, while DeXe gained attention as an AI and DAO governance play supporting over 100 DAOs and about $1.7B in TVL. $28.50-$29 is the resistance zone to watch, with $27.38 as immediate support. If wave 5 cools, $22.63, $20.81, and $19 are the displayed corrective levels.

 

Reading time: 5 minutes

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India’s central bank wants crypto kept out of banks

Key points:

• The Reserve Bank of India (RBI) told lawmakers that crypto should not be legalized, warning that formal regulation could legitimize speculative assets and create a false sense of safety.

• The central bank wants banks, payment systems, and regulated financial institutions insulated from crypto and privately issued stablecoins, even as India’s accounting body pushed for a broader legal framework.

News - India’s central bank has renewed its hardline crypto stance as lawmakers review how the country should handle digital assets.

RBI Deputy Governor Rohit Jain and Executive Director P. Vasudevan told the Parliamentary Standing Committee on Finance that cryptocurrencies pose risks to India’s economy and should not receive legal status. The RBI also recommended blocking crypto from payments and settlements, while barring banks and regulated financial institutions from holding, trading, or taking exposure to crypto assets and privately issued stablecoins.

A banking wall, not a crypto rulebook - The RBI’s proposal centers on containment rather than regulation. It argued that applying traditional financial rules to crypto could legitimize speculative products that offer no beneficial economic impact.

Stablecoins drew separate scrutiny. The RBI warned that privately issued versions could weaken monetary policy transmission, fragment payment systems, and challenge India’s monetary sovereignty.

The adoption debate gets sharper - The RBI also pushed back on claims that India leads global crypto adoption, saying population-heavy rankings overstate actual market depth. It told the panel that India has 54 FIU-registered service providers and 39.3 million KYC-verified users holding about 20,437 crore rupees, or roughly $2.4 billion, in crypto assets.

A widening policy split - The RBI’s stance clashed with the Institute of Chartered Accountants of India, which said digital assets could offer strategic opportunities if paired with India’s fintech strengths.

Lawmakers are now left weighing two very different paths: isolate crypto from the banking system, or create a wider legal framework for issuance, trading, and custody.

Trump’s crypto windfall becomes an optics fight

Key points:

• U.S. President Donald Trump reported at least $1.4 billion in 2025 crypto-related income, with major gains tied to his memecoin business, World Liberty Financial, and Stablecoin Holdco.

• Treasury Secretary Scott Bessent dismissed appearance concerns, while critics argued Trump is profiting from crypto as his administration pushes a pro-industry agenda.

News - Trump’s crypto earnings have become a fresh political flashpoint after financial disclosures showed at least $1.4 billion in income tied to digital asset ventures.

The filings listed about $636 million from his memecoin business, roughly $594 million from World Liberty Financial, and nearly $197 million from an equity sale involving Stablecoin Holdco. Trump told CNBC there was “nothing wrong” or illegal about the income, adding that he was not fully aware of the size of his family’s crypto holdings.

The official defense hardens - Bessent told CBS News he did not see “an appearance problem” with the disclosure. A White House spokesperson also said there were “no conflicts of interest,” while Bessent framed the administration’s stance as part of a wider innovation agenda covering crypto, AI, and the tech ecosystem.

The conflict question stays alive - Democrats have argued that the windfall creates a conflict because Trump’s administration has sought to ease crypto regulation, promote dollar-backed stablecoins, and position the U.S. as the “crypto capital of the world.”

Trump pushed back, saying the U.S. needs to lead in crypto or risk China taking over the sector.

The buyer-loss angle deepens scrutiny - Economist Peter Schiff added another layer of criticism, arguing that Trump-linked memecoins function as a way to buy access rather than returns. CoinGecko data showed TRUMP down 98% from its January peak, while MELANIA was down more than 99%.

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Open USD’s partner list runs into a consent test

Key points:

• Several South Korean firms listed as Open USD consortium members said they had not formally agreed to participate, raising questions over the stablecoin’s 140-company alliance claim.

• Samsung, Dunamu, Shinhan Financial Group, and K Bank said their involvement was either not formally discussed or limited to reviewing possible future participation.

News - Open Standard’s Open USD stablecoin is facing early backlash after several companies disputed their inclusion in its announced partner roster.

The project said more than 140 businesses had “signed up to use” OUSD, including major finance, payments, and technology names. However, reports from Chosun Biz and follow-up comments from listed firms showed that at least some South Korean companies did not view themselves as committed consortium members.

Samsung Electronics said it had not held formal consultations and did not know what role it would play. Dunamu, Shinhan Financial Group, and K Bank said Open Standard had only asked whether they would consider participation.

The roster was the pitch - OUSD’s biggest selling point was its claimed corporate network. The stablecoin model offers participating companies fee-free minting and redemption, no volume limits, and a share of reserve income after costs.

That makes the partner dispute more damaging. If some listed firms were only exploring the idea, OUSD’s early network effect may be less firm than the launch suggested.

The credibility gap widens - Upbit clarified that it had only expressed potential willingness to consider future participation in the OpenStandard ecosystem, not OUSD issuance. Circle CEO Jeremy Allaire also posted that “integrity matters,” while Open Standard had not addressed the Korean accounts in the provided sources.

Logos now need volume - Some commitments, including Stripe’s default stablecoin pledge and Coinbase’s Base integration, appeared firmer. Still, the real test will come when OUSD launches later this year and companies actually mint, hold, or settle with it.

MiCA’s deadline starts sorting Europe’s crypto market

Key points:

• ESMA added 37 crypto-asset service providers to its MiCA register after the July 1 transition deadline, bringing the EU’s licensed CASP total to 280.

• Standard Chartered secured MiCA and EMI licenses through its Luxembourg entity, while unauthorized firms now face wind-down pressure or service limits.

News - Europe’s crypto rulebook has entered its first major enforcement phase after the Markets in Crypto-Assets Regulation transition period ended on July 1.

The European Securities and Markets Authority’s latest register update added 37 licensed crypto-asset service providers, including Standard Chartered, FalconX, Sygnum Europe, and Ronin EM. Crédit Agricole’s CACEIS was also added to the electronic money token issuer register, while total authorized CASPs rose from 243 to 280.

The license wave marks a cutoff - The latest update was the first major post-deadline batch since MiCA’s grandfathering period closed. Firms that missed the deadline can no longer serve EU clients under national rules and are expected to wind down operations or face enforcement action.

Experts also warned that early enforcement may vary by country because national regulators still handle day-to-day supervision, even as ESMA coordinates across member states.

Standard Chartered gets its EU route - Standard Chartered received both a MiCA authorization and an Electronic Money Institution license through Standard Chartered Luxembourg S.A.

The bank said the approvals support its European digital asset strategy and build on custody launches already live in Asia and the Middle East. Its MiCA status also gives it a path to expand services across Europe through phased passporting, subject to further approvals.

The exclusion test begins - MiCA’s next question is not just who gets licensed, but who gets left out. Binance withdrew its Greek MiCA application before the deadline, paused some EU services and new registrations, and said it remains committed to securing a new license in Europe.

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More stories from the crypto ecosystem

• Whale bets $70M on Bitcoin, Solana recovery – Will Fed’s hike fears ruin it? 

• Crypto rules are ‘not a favor,’ says SEC, but CLARITY Act still waits

• Bitcoin miner Riot’s 500 BTC transfer sparks sell-off fears – Correction possible IF…

• Bitcoin under pressure as $30M from ‘lost’ drug dealer stash hits Coinbase – Details

• Aave just crossed $1M in swap revenue, but HERE’s what you’re missing

Crypto scams uncovered

• World Cup hype is already getting an on-chain scam layer: Crypto scammers have started targeting 2026 World Cup fans through fake ticketing sites, fixed-match betting pitches, scam-kit sellers, and fan-branded memecoin promotions. The warning sign is timing, with fraud infrastructure being seeded months before demand peaks.

• The AI trading bot pitch is still a fraud magnet: A Texas resident was charged over an alleged crypto trading scheme that raised about $12.3 million from around 150 investors, partly by claiming proprietary AI bots would run high-frequency arbitrage. The case shows how “AI-powered” crypto returns can still be a familiar Ponzi-style script in newer packaging.

• Wash trading became the undercover sting target: Federal prosecutors charged 10 foreign nationals tied to four crypto market-making firms over alleged schemes to inflate token volume and prices before dumping holdings on investors. The case stood out because investigators used FBI-created crypto tokens to infiltrate professional wash-trading services.

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Top 3 coins of the day

NEAR Protocol (NEAR)

Key points:

• NEAR pushed to around $2.11 after the Elliott Wave count marked wave 5/(c) near $1.72-$1.80, turning $2-$2.02 into the support zone to monitor.

• MACD stayed positive, with the histogram around 0.024, while volume rose to 5.11M as NEAR moved toward the $2.20-$2.25 resistance area.

What you should know:

NEAR’s recovery moved from upgrade narrative to structure repair. After the Elliott Wave count marked wave 5/(c) near $1.72-$1.80, price climbed back above $2 and reached around $2.11 on the latest 4H candle. MACD stayed positive, with the histogram around 0.024, showing momentum continued to improve. Volume also rose to 5.11M, giving the breakout more participation as NEAR approached $2.20-$2.25. The $2-$2.02 area is the support zone to monitor if the move cools. Outside of the chart, NEAR’s 2.13 testnet upgrade, FIPS-204 post-quantum access keys, Dynamic Resharding, and NEAR Intents crossing $22 billion in volume supported the set of positive developments driving interest in the project.

Hyperliquid (HYPE)

Key points:

• HYPE hovered near $69.71 as the Elliott Wave count placed price around wave (3), keeping $70-$72 as the zone to clear for stronger continuation.

• Stochastic RSI was stretched at 100.00 and 98.54, while volume stood at 70.36K, making participation important if buyers want to avoid a fade toward $66-$67.

What you should know:

Hyperliquid’s buyback bid ran straight into a $70 resistance chase. HYPE traded near $69.71 on the latest 4H candle, with the Elliott Wave count placing price near wave (3) and a possible wave (4) pullback area around $66-$67. Stochastic RSI was maxed out at 100.00 and 98.54, showing strong but stretched momentum, while volume stood at 70.36K, below earlier rally spikes. That makes $70-$72 the zone to clear before the move looks more convincing, with $68-$69 as near-term support. Beyond technicals, HypeStrat’s $40.6 million purchase of 600,000 HYPE, VALR’s upcoming July 6 integration for 200+ perpetual markets, and OI rising to $2.67 billion supported demand.

World Liberty Financial (WLFI)

Key points:

• WLFI slipped to around $0.0565 after losing the Supertrend support near $0.057, leaving $0.057-$0.058 as the first reclaim zone.

• Stochastic RSI dropped to 2.80 and 13.01, while volume rose to 15.5M on a red candle, showing active selling despite stretched downside momentum.

What you should know:

WLFI’s weakness came with headline risk pressing directly into the chart. Price fell to around $0.0565 on the latest 4H candle, slipping below the Supertrend support near $0.057 after a recent Sell signal around $0.060-$0.061. That makes $0.057-$0.058 the first zone to reclaim, while $0.0558-$0.056 is the immediate support area to monitor. Stochastic RSI sank to 2.80 and 13.01, showing heavy short-term weakness, and volume rose to 15.5M during the decline. Aside from the technical picture, federal filings showing $515 million from WLFI token sales, the reported 75% Trump-controlled sales cut, and over 85% of secondary buyers sitting at a loss hurt sentiment.

 

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Metaplanet’s Bitcoin sprint runs into a funding test

Key points:

• Metaplanet bought 2,823 BTC in Q2, lifting its total holdings to 43,000 BTC and making it the world’s third-largest corporate Bitcoin treasury.

• The purchase was its smallest quarterly Bitcoin addition in a year, while the firm leaned more on debt, options income, and selective equity issuance.

News - Metaplanet added 2,823 Bitcoin in the second quarter, spending about $222 million and pushing its total holdings to 43,000 BTC. The milestone moved the Tokyo-listed firm into third place among global corporate Bitcoin treasuries, behind Strategy and Twenty One Capital.

The latest buy came at an average price of roughly $79,000 per Bitcoin, below the company’s overall cost basis. Even so, the quarter marked a clear slowdown from earlier accumulation waves, including the 17,473 BTC it added in Q3 2025.

The milestone comes with pressure - Metaplanet’s 43,000 BTC stack was worth about $2.5 billion to $2.6 billion as of June 30, while the company had paid roughly $4.1 billion to $4.2 billion for the holdings. That left the treasury sitting well below its cost basis as Bitcoin weakened during the quarter.

Funding now matters more - Rather than leaning heavily on new common shares, Metaplanet used borrowing, bonds, and its Bitcoin Income Generation business to support the quarter’s buying. That income strategy, which includes selling Bitcoin options, generated about $10.9 million in Q2 revenue.

Why the playbook is narrowing - The bigger issue is whether Bitcoin treasury firms can keep buying when their market premium fades. Metaplanet still wants 100,000 BTC by the end of 2026, but its latest quarter showed that the race is now less about ambition and more about capital discipline.

JPMorgan flags Strategy’s Bitcoin play over market impact and investor trust

Key points:

• JPMorgan said Strategy’s selective Bitcoin sales policy adds avoidable “two-way” flow risk to crypto markets.

• The warning landed as STRC traded below Strategy’s $99 to $100 objective and FBI Director Kash Patel amended a late MSTR stock disclosure.

News - Strategy’s capital framework drew fresh scrutiny after JPMorgan said its policy allowing selective Bitcoin sales to fund preferred dividends creates unnecessary uncertainty for crypto markets. The bank argued that Strategy should rely on equity issuance to build larger cash reserves instead of leaving investors to price in potential BTC sales.

The concern is scale. Strategy holds 847,363 BTC, around 4% of Bitcoin’s total supply, and JPMorgan said the company has bought roughly $13.7 billion worth of Bitcoin year to date. That makes any shift from steady accumulation to occasional selling more meaningful for liquidity, price dynamics, and sentiment.

Cash reserves become the real signal - JPMorgan said Strategy’s $2.55 billion reserve covers about 17 months of preferred dividend and interest obligations. The bank argued that a 24 to 36-month buffer would make investors more comfortable that Strategy would not need to sell Bitcoin in the foreseeable future.

STRC still has ground to recover - Michael Saylor reiterated that Strategy wants STRC, its variable-rate preferred stock, to trade between $99 and $100 over time. STRC had rebounded to around $87.46 after hitting a record low of $71.25, while Strategy raised its dividend rate to 12% starting July 1.

Disclosure scrutiny adds another layer - The MSTR story also drew attention after FBI Director Kash Patel amended a filing for a $100,001 to $250,000 MSTR purchase roughly six months after the trade. Watchdogs said the delay violated the STOCK Act, though Justice Department officials said the amended disclosure was approved.

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Standard Chartered puts USDC minting inside bank rails

Key points:

• Standard Chartered became the first G-SIB licensed to offer eligible institutional clients integrated access to USDC minting and redemption.

• The service starts through the bank’s DIFC operations in Dubai, with expansion planned in other markets subject to approvals.

News - Standard Chartered and Circle launched a bank-led service that lets eligible institutional clients mint and redeem USDC through Standard Chartered’s platform, without opening direct accounts with Circle. The capability brings USDC access into a single onboarding and service experience, combining fiat banking, custody, digital asset infrastructure, and public blockchain networks.

The launch makes Standard Chartered the first Global Systemically Important Bank (G-SIB) licensed to offer integrated USDC minting and redemption access for institutions. It also deepens the bank’s role in Circle’s ecosystem, where it already serves as a reserve bank for USDC cash holdings and advises on Circle’s payments network.

Why bank rails matter - The service targets on-chain settlement, treasury operations, and liquidity management, with payment-related use cases planned later. For institutions, the pitch is not just faster stablecoin access. It is access through familiar risk, compliance, governance, and banking standards.

Dubai becomes the launchpad - The rollout begins through Standard Chartered’s Dubai International Financial Centre operations. The bank said the launch reinforces the UAE’s role as a regulated digital asset hub and marks the first phase of a broader global stablecoin strategy.

The distribution race is widening - The timing matters as banks, fintechs, and stablecoin issuers compete to control how digital dollars reach institutions. Circle is also facing fresh competition from Open USD, making bank-led USDC access a strategic defense as much as a product launch.

Solana gives validators a formal governance lane

Key points:

• The Solana Foundation launched Solana Governance Proposals, letting validators move major protocol questions into stake-weighted on-chain votes.

• Validators need at least 100,000 delegated SOL to submit an SGP, while proposals need 15% active stake support before formal voting begins.

News - Solana now has a formal framework for protocol-level governance after the Solana Foundation launched Solana Governance Proposals (SGPs). The system gives validators and SOL delegators a recorded, stake-weighted way to signal where the network should move next.

Under the new process, validators with at least 100,000 delegated SOL can submit proposals on major directional questions. A proposal must then secure support from validators representing at least 15% of active stake before it can enter a formal on-chain vote.

Signals, not code - SGPs are designed to answer whether Solana should pursue a given direction, while Solana Improvement Documents handle the technical details of how a change would be built. That split keeps broad community governance separate from developer-led implementation.

Delegators get a stronger voice - The framework also introduces a delegator override mechanism. If SOL holders disagree with how their validator votes, they can override that vote with their own stake-weighted choice. The Solana Foundation has described this as “staker sovereignty,” giving token holders more direct influence without requiring them to run validators.

A high bar for network change - The process is built to filter out weaker proposals. After the 15% support gate, passage requires at least two-thirds of voting stake, with no minimum turnout rule. The structure gives Solana a more transparent path for major decisions while preserving a separate route for routine technical upgrades.

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More stories from the crypto ecosystem

• Why NEAR Protocol’s latest upgrade could matter beyond its 5% price rally

• Bitcoin price reclaims $60K – Is BTC’s rally more than just a short squeeze?

• Examining ENA’s price targets after Ethena announces new partnership with Blackrock

• Will JUP’s price hit $0.28 on the back of these THREE catalysts?

• Here’s how DYDX surged by +30% ahead of much-awaited ecosystem announcement

Interesting facts

• The crypto app-store fight is moving onto hardware: Solana Mobile’s dApp Store has crossed 700 apps, while the Seeker ecosystem has 100K+ active users and 4.3B+ SKR staked. That makes the phone less of a gadget drop and more of an attempt to build a user-owned mobile distribution layer.

• A remittance giant is giving stablecoins a cash pickup layer: Western Union’s USDPT is live on Solana, while its Digital Asset Network aims to connect digital dollars to local currency through 360,000+ collection points worldwide. The interesting part is the off-ramp, not just another dollar token.

• The U.S. token map now has named lanes: U.S. regulators’ March guidance created categories for digital commodities, digital collectibles, digital tools, stablecoins, and digital securities, while addressing airdrops, protocol mining, protocol staking, and wrapping. The key twist is that a non-security crypto asset can still become part of an investment contract depending on how it is sold or promoted.

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Top 3 coins of the day

Pump.fun (PUMP)

Key points:

• PUMP climbed to around $0.00157 after pushing above the 200 EMA near $0.00150, turning $0.00150-$0.00151 into the support zone to monitor.

• RSI held at 61.58 and volume rose to 2.01B, giving the EMA reclaim stronger participation while keeping $0.00158-$0.00160 as the next test.

What you should know:

Pump.fun’s rebound finally had something concrete behind the reclaim attempt. PUMP climbed to around $0.00157 on the latest 4H candle, moving above the 200 EMA near $0.00150 while RSI held at 61.58. That kept momentum firm without pushing into overbought territory. Volume rose to 2.01B, giving the break above the EMA cluster more weight. The next test is $0.00158-$0.00160, while $0.00150-$0.00151 is the support zone to monitor if the move cools. Beyond the chart, Pump.fun crossing $400 million in cumulative token buybacks, its 50% revenue-funded repurchase model, and the reported 242.66 million PUMP whale buy helped strengthen the demand story.

Zcash (ZEC)

Key points:

• ZEC pushed to around $437 and stretched above the upper Bollinger Band near $432, turning $432-$440 into the zone to defend before $440-$450.

• Squeeze Momentum rose to 26.33, while volume of 57.11K supported the recovery, though it stayed below the panic volume spike seen during the early-June selloff.

What you should know:

Whale positioning took over Zcash’s rebound narrative as ZEC climbed to around $437 on the latest 4H candle and stretched above the upper Bollinger Band near $432. That puts $432-$440 as the zone to defend if buyers want the move to hold, with $440-$450 as the next resistance test. Squeeze Momentum rose to 26.33, while volume of 57.11K supported the recovery without matching early-June panic spikes. Beyond technicals, a whale deploying $10.12 million on HyperLiquid to build a leveraged long, a three-day streak of large futures orders, and Open Interest rising to $750 million helped fuel the positioning-led bounce.

NEAR Protocol (NEAR)

Key points:

• NEAR climbed to around $1.94 after reclaiming the 20 EMA at $1.85 and 50 EMA at $1.89, but the 100/200 EMA ceiling at $1.96-$2.01 remains the real test.

• Squeeze Momentum turned positive at 0.027, while volume rose to 2.87M, showing buyers had momentum but still needed follow-through near $2.

What you should know:

NEAR’s upgrade story met its first major chart test near the short EMA stack. Price pushed to around $1.94, clearing the 20 EMA at $1.85 and 50 EMA at $1.89, but the 100 EMA at $1.96 and 200 EMA at $2.01 still sit overhead. That keeps $1.96-$2.01 as the zone to clear before the rebound looks stronger. Squeeze Momentum flipped positive at 0.027, while volume rose to 2.87M, giving the move early support. Outside of the chart, NEAR’s 2.13 testnet upgrade, FIPS-204 post-quantum access keys, and automated Dynamic Resharding gave buyers a specific protocol catalyst.

 

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Citi cuts Bitcoin, Ether targets as ETF outflows deepen

Key points:

• Citi lowered its 12-month Bitcoin target to $82,000 from $112,000 and cut its Ether target to $2,240 from $3,175 after scrapping its ETF inflow forecast.

• The reset followed record June outflows from Bitcoin ETFs, although XRP and HYPE funds still attracted inflows, and Cantor said Bitcoin’s bear cycle may be nearing its final stretch.

News - Citi has cut its 12-month Bitcoin and Ether targets after ETF demand weakened sharply and U.S. crypto legislation failed to deliver the catalyst the bank had expected. The bank now expects zero net ETF inflows over the next year, citing weak demand, stalled regulatory progress, and concerns around digital asset treasury selling.

The downgrade followed the worst month on record for U.S. spot Bitcoin ETFs, which posted $4.5 billion in June outflows. BlackRock’s IBIT accounted for $3.55 billion of that total, while Ether ETFs saw $528.99 million in outflows.

Why Citi changed its call - Citi’s earlier outlook depended on fresh ETF demand and progress on U.S. digital asset market structure legislation. With both fading, the bank said supportive macro conditions were not enough to offset weaker flows.

The market reset cut both ways - Talos said Bitcoin and Ether long liquidations totaled $8.35 billion in Q2, reducing leverage across the market. However, thinner order-book depth left crypto less able to absorb renewed selling pressure, even after speculative positions were cleared.

Rotation did not fully break - XRP funds added $59.4 million in June, while HYPE funds drew $161 million. That showed some capital was still rotating inside crypto, even as Bitcoin and Ether products lost demand.

Cantor gave the counterpoint - Cantor Fitzgerald said Bitcoin may be in the late stage of its current bear cycle, with historical patterns pointing to a potential bottom around October. Still, the bank cautioned that macro, regulatory, and geopolitical risks could disrupt that timeline.

Standard Chartered backs Morpho as DeFi infrastructure bet

Key points:

• Standard Chartered initiated coverage of Morpho with a $60 end-2030 target, implying roughly 33x upside from current levels.

• The bank said Morpho could scale with DeFi’s projected growth if its Vaults business keeps attracting traditional finance-linked capital.

News - Standard Chartered has initiated coverage of Morpho, framing the DeFi lending protocol as both a lending market and infrastructure layer for onchain banks and asset managers. The bank set a $60 price target for MORPHO by the end of 2030, saying the token could outperform both Bitcoin and Ether over the same period.

The forecast is tied to Standard Chartered’s expectation that assets deployed in DeFi could grow 37x by 2030. Morpho was trading above $2 after the report landed, with sources citing gains of more than 10% to 13% over 24 hours.

Why Morpho stood out - The bank split Morpho’s business into two parts: Morpho Markets, a lending protocol compared with Aave, and Morpho Vaults, which supports onchain asset management and banking use cases. That second layer is the key differentiator in the bank’s thesis.

The TradFi bridge matters - Standard Chartered said Morpho’s growth will depend on Vaults attracting institutional capital. Integrations with Fireblocks, Anchorage, and Taurus, along with vault curators such as Steakhouse Financial, give the protocol distribution channels beyond crypto-native users.

The forecast is still conditional - Morpho’s 0% take rate currently leaves lending income with depositors, which could support adoption. Still, the $60 target depends on deeper traditional finance relationships, tokenization growth, regulatory conditions, and DeFi assets expanding broadly in line with the bank’s long-term forecast.

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Jefferies warns against Circle dip as Open USD tests USDC moat

Key points:

• Jefferies warned against buying Circle’s dip after Open USD raised new concerns about USDC’s growth, distribution, and market share.

• The new stablecoin consortium has more than 140 backers, including Stripe, Coinbase, Visa, Mastercard, BlackRock, and Google.

News - Circle shares rebounded Wednesday after plunging roughly 17% on Tuesday, but Jefferies said the selloff may not fully reflect rising stablecoin competition. The bank warned that banks, payment firms, fintechs, and crypto companies are moving into stablecoins with built-in distribution networks that Circle did not face when USDC launched in 2018.

The concern centers on Open USD, a stablecoin from Open Standard that is expected to go live later in 2026. Its model lets businesses mint and redeem for free, shares reserve income with partners, and gives participants a role in governance.

Why Open USD stung - Stablecoin reserve income is central to Circle’s business, with Jefferies noting that Circle earns most of its revenue from interest on USDC reserves. Coinbase’s role adds another pressure point because it is both Circle’s major distribution partner and an Open USD backer.

Circle’s defense is scale - CEO Jeremy Allaire argued that USDC’s integrations, liquidity, regulatory approvals, banking relationships, and reserve infrastructure were built over years. He also questioned whether giving away nearly all reserve income would leave enough funding to sustain infrastructure.

The DeFi angle matters - If payment flows shift away from USDC, Aave’s USDC borrowing demand and utilization could face pressure, which may weigh on lending yields over time. Still, OUSD is not fully live yet, and Bernstein and ARK flagged unresolved governance, operational, and coordination risks for a 140-member consortium.

Goliath CEO pleads guilty in $400M crypto Ponzi case

Key points:

• Former Goliath Ventures CEO Christopher Delgado pleaded guilty to fraud and money laundering tied to a crypto investment scheme prosecutors said raised at least $400 million.

• Delgado admitted to causing at least $250 million in investor losses and agreed to forfeit properties, vehicles, watches, luxury bags, jewelry, and crypto accounts.

News - Christopher Alexander Delgado, the former CEO of Goliath Ventures, has pleaded guilty to conspiracy to commit wire fraud, wire fraud, and money laundering in a crypto Ponzi case. Prosecutors said Goliath, formerly Gen-Z Venture Firm, solicited investors from January 2023 through January 2026 with promises of monthly returns from crypto liquidity pools.

Instead, investor money was used to pay earlier investors, process withdrawals, fund business events, and support Delgado’s personal spending. He faces up to 20 years in prison for each fraud count and up to 10 years for money laundering.

The pitch hid the structure - Goliath promoted monthly payouts tied to crypto liquidity pools, but prosecutors said new investor funds were used to meet obligations to earlier participants. That structure allowed the operation to keep paying returns and withdrawals while new investor money continued coming in.

The luxury trail exposed spending - Prosecutors said Delgado used investor funds to buy at least six homes, Lamborghinis, Rolls-Royces, Rolex watches, Louis Vuitton bags, and custom Tiffany jewelry. Under the plea deal, he agreed to surrender eight properties, 11 vehicles, 30 watches, more than 50 luxury bags and wallets, and at least 29 pieces of jewelry.

The fallout widened - Delgado’s sentencing is scheduled for October 8. The case has also drawn scrutiny of financial institutions, with investors suing JPMorgan and alleging the bank processed about $253 million in Goliath-linked deposits while ignoring red flags.

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More stories from the crypto ecosystem

• ‘Seems bearish’ – Circle slides 17% as Open USD enters the stablecoin race

• Polygon burns hit 107M POL this year – So why is its price tanking?

• Can XPL break $0.105 after Plasma’s product launch fails to lift price?

• Ethereum at $1.5K: A tense stand-off forms, with ETH shorts under pressure

• Bitcoin faces $58K test as U.S. demand cracks – What’s next for BTC?

Did you know?

• Taiwan just turned crypto licensing into law: Taiwan’s legislature passed the Virtual Asset Service Act, setting licensing rules for crypto platforms and stablecoin issuers, along with penalties for fraud and market manipulation. The move pushes Taiwan from AML-era oversight into a fuller digital asset rulebook.

• AI agents can now meet a crypto paywall: Publishers and API providers using AWS CloudFront and WAF can enable x402 payments, letting AI agents pay for content or API access through an HTTP 402 flow. That turns crypto payments into a machine-to-machine revenue layer, not just a consumer checkout tool.

• Bitcoin just helped fund a Fannie Mae-backed mortgage: Better and Coinbase funded the first U.S. Fannie Mae-backed mortgage backed by Bitcoin, with the product initially supporting Bitcoin and USDC as pledged collateral. The setup lets qualified borrowers pursue a conforming mortgage without selling their digital assets first.

Elon's Cooking Up Something Big

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Show Me the 3 Stocks

Top 3 coins of the day

MemeCore (M)

Key points:

• M ripped back above $1 after its post-crash base, jumping to around $1.15 on the latest 4H candle, but the Higher High Lower Low indicator still marked the move as a lower high.

• Awesome Oscillator flipped positive at 0.10104, while volume rose to 324.13K, giving the rebound force but leaving $1.18-$1.20 as the first real test.

What you should know:

MemeCore’s chart seemed like a damaged market trying to stage a comeback. After the token crashed from around $2.92 to $0.51 last week, buyers pushed M back above $1, with the latest 4H candle up 25.93% near $1.15. The Awesome Oscillator turned positive at 0.10104 and volume climbed to 324.13K, showing fresh momentum behind the rebound. Still, the Higher High Lower Low indicator labeled the latest swing as a lower high, so $1.18-$1.20 is the resistance zone to monitor. The rally was helped by speculative meme coin rotation and short-term volume chasing, but ZachXBT-linked supply concerns and thin liquidity keep the recovery fragile.

Cardano (ADA)

Key points:

• ADA bounced to around $0.157 after buyers defended the $0.141-$0.150 range, but the Higher High Lower Low indicator still marked the latest swing as a lower high.

• DMI favored buyers, with +DI at 30.47 above -DI at 11.77 and ADX at 27.79, while volume rose to 53.03M as ADA tested $0.156-$0.160.

What you should know:

Cardano’s rebound looked like whales trying to build a floor after June’s steep decline. ADA climbed near $0.157 on the latest 4H candle, backed by 53.03M in volume and a DMI setup where +DI at 30.47 stayed well above -DI at 11.77. Still, the Higher High Lower Low indicator marked the move as a lower high, so $0.156-$0.160 is the zone to clear before the bounce looks stronger. Beyond the chart, wallets holding 10 million to 100 million ADA raised their supply share from 37.66% to 38.13%, while SecondFi’s planned $2.4 million stolen ADA return helped support sentiment.

Solana (SOL)

Key points:

• SOL surged to around $77.41 as buyers pushed above the upper Bollinger Band near $76.90, turning $77.5-$78 into the immediate breakout test.

• CMF stayed strong at 0.28 and volume rose to 878.33K, showing capital inflow backed the move, but a slip below $76.90 could pull price back inside the band.

What you should know:

Solana’s move had the cleanest institutional bid. SOL climbed to around $77.41 on the latest 4H candle, pushing above the upper Bollinger Band near $76.90 while CMF held at 0.28. That showed the move had capital inflow behind it, not just price expansion. Volume also rose to 878.33K, supporting the push into $77.5-$78 resistance. If SOL cools, $76.90 is the first level to monitor, followed by the middle band near $73.70. Beyond technicals, Forward Industries’ purchase of over 500,000 SOL, the World prediction market launch inside Phantom, and Solana’s OUSD stablecoin validation supported the institutional-and-ecosystem bid.

 

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MiCA deadline sends Europe’s crypto market into reshuffle mode

Key points:

• ESMA said EU crypto clients should be served through a MiCA-authorized entity, as ESMA register data showed 244 MiCA CASP licenses had been issued by June 29.

• The licensing gap is pushing some firms to restrict EU services, while Dubai is drawing fresh interest from European founders seeking faster setup routes.

News - Europe’s MiCA deadline is turning crypto compliance into a market-access test. ESMA said EU and EEA clients should be served through a MiCA-authorized legal entity, with protections applying only to that licensed entity. The clarification came as Binance adjusted services in several EU countries, Bybit began restricting Global platform access for EEA users, and licensed rivals moved to attract displaced traders.

Europe’s license map is uneven - ESMA register data showed 244 MiCA licenses had been issued by June 29. Germany led with 57 approvals, followed by France with 26, while Greece, Hungary, Poland, Portugal, and Romania had issued none. That uneven rollout matters because one MiCA authorization can support broader EEA access through passporting.

Dubai becomes the pressure valve - The UAE is emerging as a favored alternative for firms frustrated by Europe’s timing, costs, and bureaucracy. Dubai lawyer Irina Heaver said her firm now receives more than 120 weekly inquiries from companies and founders exploring UAE setup, with about half coming from Europe.

Licensed exchanges press the advantage - The deadline is also becoming a user-acquisition moment. OKX promoted an 8% deposit offer to users leaving Bybit Global and Binance, while Coinbase has also moved to attract European users. For crypto platforms, compliance is no longer just legal housekeeping. It is becoming the new dividing line for access, liquidity, and user flows.

Supreme Court rulings tighten crypto’s Washington clock

Key points:

• The Supreme Court blocked Trump from removing Fed Governor Lisa Cook for now, preserving a hawkish Fed setup that has weighed on Bitcoin through rate fears and ETF outflows.

• A separate ruling gave presidents wider power to fire SEC and CFTC commissioners, adding fresh uncertainty as the Senate prepares to revisit crypto market structure legislation.

News - Crypto’s U.S. policy backdrop shifted again after the Supreme Court issued two rulings with different consequences for regulators. One decision stopped Trump from immediately removing Lisa Cook from the Federal Reserve, while another allowed presidents to fire commissioners at agencies such as the SEC and CFTC at will, except for Fed governors.

The Fed remains the market pressure point - The Cook ruling matters for Bitcoin because it keeps the current Fed balance intact while rate-cut hopes remain weak. Moreover, Bitcoin recently traded below $60,000 as ETF outflows and rate-hike fears continued to pressure zero-yield assets.

Regulator independence gets thinner - The SEC and CFTC ruling could matter more for crypto’s rulebook. These agencies are central to the CLARITY Act, which aims to formalize oversight of U.S. crypto markets. Democrats had already pushed for bipartisan representation at both agencies, but the ruling could make those appointments easier to reverse later.

A CBDC ban enters the same policy window - Trump also has about 10 days to sign, ignore, or veto a bipartisan housing bill that includes language barring the Fed from issuing or creating a CBDC, or a substantially similar digital asset, until the end of 2030. With senators expected back by July 13, crypto legislation now faces a compressed summer test.

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Australia’s travel rule turns every exchange transfer into a data check

Key points:

• Australia’s crypto travel rule takes effect on July 1, requiring regulated exchanges to collect additional details on all incoming and outgoing transfers.

• The rule has no minimum threshold, meaning small transfers face the same information checks as larger ones when they touch regulated platforms.

News - Australian crypto users are set to face stricter transfer checks as AUSTRAC begins enforcing the country’s travel rule from July 1. Regulated exchanges will need to collect details such as sender and receiver information, wallet information, and the name of the platform involved before processing covered virtual asset transfers.

No transfer is too small - The sharpest change is the zero-threshold design. Australia’s rule applies to transfers of any value, placing it alongside jurisdictions such as France, the Netherlands, and Japan. In practice, a small exchange transfer can trigger the same data collection requirement as a much larger one.

Self-custody stays open, but less frictionless - The rule does not ban self-custody wallets. However, transfers from regulated exchanges to self-hosted wallets can still require users to verify and declare that they own the destination address. AUSTRAC’s guidance also requires ordering institutions to collect payer, payee, and tracing information where relevant.

Compliance becomes the user experience - The change has already drawn mixed reactions from Australian crypto users, with some warning that anonymous exchange transfers are effectively over and others arguing regulated platforms were never truly anonymous. 

The travel rule also lands as Australia moves toward broader crypto licensing, with ASIC extending temporary relief until September 30 and a Senate committee backing wider rules for exchanges and tokenized custody platforms.

Solana Company deal tests Kazakhstan’s crypto megacity ambitions

Key points:

• Solana Company signed an MOU with Alatau City to support blockchain and crypto infrastructure within Kazakhstan’s planned digital-first megacity.

• The pact sits inside a broader city project pitched at more than $6 billion, while Alatau City remains early-stage and Solana Company faces financial strain.

News - Nasdaq-listed Solana Company has signed a memorandum of understanding (MOU) with Kazakhstan’s Alatau City, a planned digital-first urban project that aims to become a crypto and fintech hub in Central Asia. The agreement was signed during an Alatau City roadshow in Shenzhen and Hong Kong, where the broader city push reportedly secured 30 cooperation agreements with more than $6 billion in combined investment potential.

The partnership has a focused crypto brief - The collaboration covers four areas: digital asset treasury, blockchain infrastructure, institutional blockchain adoption, and platform development. Alatau City officials also said Solana Company would participate in the Alatau Crypto Cluster, a planned special economic area where crypto could be permitted for everyday transactions.

Kazakhstan’s Solana ties are getting deeper - The MOU follows other Solana-linked moves in the country, including Central Asia’s first Solana Economic Zone in Astana and the Kazakhstan Stock Exchange’s (KASE) first Solana ETF. However, Solana Company is not a megacity funder. The firm’s stock has fallen 81% over the past year, and it reported a $99.8 million Q1 2026 net loss.

The city still has to catch up to the pitch - Alatau City’s vision includes AI, digital identity, blockchain, robotaxis, autonomous drones, and hydrogen-powered infrastructure. However, the project is still in early planning, with reports citing concerns from Kazakhstan’s National Bank and Financial Monitoring Agency, as well as local gaps in gas, water, electricity, and internet connectivity.

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More stories from the crypto ecosystem

• Humanity jumps 18% as Open Interest climbs – Can H extend its recovery?

• Bitcoin consolidates near $60K – Can BTC whale demand beat ETF selling?

• India’s USDT premium surges above 8.5% as regulatory pressure tightens supply

• MemeCore hits multi-month lows: Can M recover after losing $1.25?

• Why is Siren’s price down today? Long liquidations, funding rates & more…

Interesting facts

• The U.K.’s crypto rulebook now has a launch clock: Final rules and guidance for qualifying stablecoin issuance and cryptoasset custody have been published today, while the new cryptoasset regime is expected to come into force on October 25, 2027. That gives firms a long runway, but also moves the U.K. from consultation mode into implementation mode.

• Bitcoin’s mining math just made a rare U-turn: Bitcoin’s mining difficulty fell 10.09% at block 953,568 on June 14, moving from 138.96T to 124.93T in one of the network’s largest downward adjustments. The reset showed how quickly weaker miners can get pushed offline when price pressure and hashpower economics collide.

• NFT volume still has a quality control problem: June’s global NFT sales table showed $174.31 million in sales alongside $83.12 million in wash volume. That keeps the NFT rebound story more complicated than raw volume suggests, especially when wash activity still takes up a large share of reported activity.

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Top 3 coins of the day

Kaspa (KAS)

Key points:

• KAS turned the Toccata hard fork into a breakout attempt, climbing to around $0.0314 as the Madrid Ribbon flipped green beneath price.

• Squeeze Momentum accelerated to 0.00161 and volume hit 412.28K, but $0.0315-$0.032 is the immediate gatekeeper before $0.033-$0.034.

What you should know:

Kaspa’s chart finally gave the hard fork trade a technical backbone. After weeks of slipping under a red Madrid Ribbon, KAS reversed from the $0.0275-$0.0282 base and pushed to $0.0314, with the ribbon flipping green beneath price instead of capping it. That puts $0.0305-$0.0307 as the support zone to monitor if the breakout cools. Squeeze Momentum strengthened to 0.00161 and volume rose to 412.28K, showing the move had participation behind it. The next test is $0.0315-$0.032, then $0.033-$0.034. The catalyst was specific: Kaspa’s Toccata hard fork activated on June 30 at 16:15 UTC, bringing native L1 programmability, KRC-20 issuance, SilverScript, and smart-contract functionality into focus.

Ethena (ENA)

Key points:

• ENA’s BlackRock-linked spike faded fast, with price sliding back to around $0.071 after failing to hold the $0.085-$0.087 area.

• The MA Cross stayed above price at $0.077 and $0.081, while Squeeze Momentum remained negative at -0.0023 and volume stood at 5.64M.

What you should know:

Ethena’s chart looked like a sell-the-news unwind rather than a simple pullback. ENA had jumped after Ethena’s USDe integration with BlackRock’s Aladdin platform, but the move stalled near $0.085-$0.087 and price fell back to around $0.071. The MA Cross now sits above price at $0.077 and $0.081, making $0.076-$0.077 the first recovery zone to monitor. Squeeze Momentum stayed negative at -0.0023, showing downside pressure had not fully cooled. Volume of 5.64M also suggested active selling after the failed spike. Beyond the chart, ENA’s roughly $21 million token unlock and broader DeFi weakness added pressure to the faded news setup.

Lighter (LIT)

Key points:

• LIT cooled near $1.89 after pressing into the $1.90-$1.93 zone, but the Madrid Ribbon stayed green beneath price and kept the 4H uptrend intact.

• RSI held at 65.03, showing momentum stayed firm without crossing 70, while volume of 306 looked light and left the next push dependent on stronger participation.

What you should know:

Lighter’s rally had a different look from the day’s event trades: it was already riding an established 4H uptrend. Price cooled near $1.89 after pressing into $1.90-$1.93, but the Madrid Ribbon stayed green beneath it, making $1.85-$1.87 the support zone to monitor. RSI held at 65.03, showing momentum remained firm without crossing the 70 threshold. Volume was light at 306, so a push toward $1.95 and $2 needs stronger participation. Beyond the chart, Grayscale’s $50 million annual revenue highlight, Brighter’s yield-aggregator and airdrop launch, and HYPE-linked sector comparisons kept the accumulation story alive.

 

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News | Crypto Converter | Crypto Calculators

Ukraine’s $8.3M USDT handoff tests crypto seizure playbook

Key points:

• Ukraine moved more than $8.3 million in seized USDT into an ARMA-controlled wallet, marking its first successful transfer of seized crypto into state management.

• The funds were linked to an alleged international hacking group, while total seizures in the case have exceeded $11.1 million across crypto, cash, homes, vehicles, and other assets.

News - Ukraine has moved seized cryptocurrency into state management for the first time, transferring more than $8.3 million in USDT to a wallet controlled by ARMA, the country’s asset-recovery agency. The transfer, equal to roughly 372 million Ukrainian hryvnias, followed a court order and a State Bureau of Investigation probe.

The funds came from wallets tied to an alleged member of an international hacker group accused of targeting people and companies in Europe and the United States. Investigators said the group stole private data, demanded ransoms, and laundered proceeds through Ukrainian real estate, cars, and other high-value property.

Why custody mattered - ARMA is holding the USDT in custody, not ownership. Formal confiscation still requires a conviction, and the four detained suspects, including the alleged organizer, have not been convicted.

That distinction makes the transfer procedural, not a state windfall. Still, it gives Ukraine a working model for moving seized digital assets beyond frozen evidence and into formal asset management.

The bigger policy signal - The case landed as Ukraine explored a more formal crypto framework, including potential reserve plans and the use of seized digital assets to support war bond purchases once converted into traditional currency.

With investigators estimating more than $100 million in damage from the alleged group, the handoff tied cybercrime recovery to Ukraine’s emerging crypto custody playbook.

Bitcoin’s $60K stall turns July into a support test

Key points:

• Bitcoin hovered below $60,000 after a roughly 12% quarterly drop, putting it on track for a rare second straight quarterly loss after falling 22% in Q1.

• ETF outflows, weak technical levels, bearish derivatives signals, and whale exchange inflows kept downside risk in focus as July opened.

News - Bitcoin entered the final stretch of June near $59,800, leaving the market on edge as the quarter and first half approached their close. The asset was on pace for a rare back-to-back quarterly loss, with last week’s $1.79 billion in spot Bitcoin ETF outflows adding to the pressure.

The weakness was not limited to spot flows. Bitcoin had failed to reclaim major technical and on-chain levels, including the True Mean Price near $76,300, the 200-day moving average near $75,500, and the Short-Term Holder Cost Basis near $69,600. That left BTC trading in a “no man’s land” between resistance above and deeper support below.

Why the decline looked sticky - The market’s pressure appeared more like a slow bleed than a leverage-driven crash. Bitcoin open interest had fallen from about $31.3 billion near May 30 to around $21.6 billion, reducing the fuel for a violent liquidation cascade.

Still, downside protection remained popular in options markets, and a nearly $1 billion notional position sat around the $60,000 put. At the same time, June spot Bitcoin ETF outflows reached roughly $4.06 billion, the largest monthly redemption since launch.

The levels now matter - Historical bear-market patterns could imply downside near $45,000, while a separate head-and-shoulders setup opened risk toward $42,000 if BTC closed below $55,298.

For bulls, the counterargument came from sentiment. Bitcoin’s Fear and Greed reading sat at 18, and prior two red half-year stretches in 2018 and 2022 were followed by multi-year recoveries.

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Strategy’s Bitcoin stack becomes a capital management tool

Key points:

• Strategy approved a Digital Credit Capital Framework that allows future Bitcoin sales to support its USD reserve, preferred dividends, interest payments, and buybacks.

• The company raised STRC’s annual dividend to 12%, rebuilt its reserve to $2.55 billion, and authorized up to $2 billion in security repurchases.

News - Strategy has opened the door to selling part of its Bitcoin holdings under a new Digital Credit Capital Framework, marking a shift in how the world’s largest public Bitcoin treasury company manages liquidity.

The board-approved Bitcoin Monetization Program allows Strategy to sell BTC when management sees it as more advantageous than issuing Class A common stock or using other financing options. Proceeds may be used to build or replenish its USD reserve, fund preferred stock dividends and interest payments, or finance repurchases of Digital Credit Securities and MSTR common stock.

Why the framework mattered - The move came as Strategy’s preferred stock, STRC, remained under pressure. The company raised STRC’s annual dividend rate to 12% from 11.5%, while its USD reserve stood at about $2.55 billion, enough to cover roughly 17.4 months of preferred dividend and interest obligations.

Strategy said the reserve must cover at least 12 months of those obligations unless the board approves otherwise. With the approved Bitcoin monetization capacity, the company said dividend and interest coverage could extend to nearly 26 months.

The Bitcoin strategy is evolving - Strategy emphasized that the framework does not obligate it to sell Bitcoin and that BTC remains its primary treasury reserve asset.

Still, the plan gives the company new levers at a sensitive moment. Its Bitcoin holdings stayed unchanged at 847,363 BTC, but the framework showed that Saylor’s Bitcoin bet is now tied more directly to liquidity, dividend support, and capital discipline.

BitMine keeps buying ETH as treasury peers split paths

Key points:

• BitMine bought 27,084 ETH worth about $43 million last week, lifting its holdings to 5.7 million ETH, or roughly 4.7% of Ethereum’s circulating supply.

• The purchase came as ETH fell sharply, Strategy paused Bitcoin buys, and Sharplink resumed Ether accumulation with $62.4 million in purchases.

News - BitMine Immersion Technologies added another $43 million in Ethereum to its balance sheet last week, extending its accumulation streak even as crypto prices weakened. The company now holds about 5.7 million ETH, valued around $8.9 billion to $9 billion, along with 206 BTC, cash, marketable securities, and other investments.

Chairman Tom Lee blamed the latest crypto weakness on quarter-end “window dressing,” saying investors were reducing exposure to assets that had fallen over the past three months. ETH dropped 8% during the week and was down more than 22% over the past month, but BitMine continued buying as it moved closer to its goal of owning 5% of Ethereum’s supply.

The Ethereum treasury split - BitMine’s purchase was its smallest since early May, signaling a slower pace, not a halt. That still set it apart from many digital asset treasury peers, including Strategy, which did not add Bitcoin last week and instead approved a framework that could allow future BTC sales to support reserves and dividends.

Sharplink also reentered the accumulation story, buying $62.4 million worth of ETH after an eight-month pause.

Why timing mattered - The buying landed during a weak stretch for Ethereum. BitMine’s stock was under pressure, spot Ether ETFs recorded a seventh week of outflows, and USDT briefly surpassed ETH in market value.

Still, BitMine and Sharplink both backed Ethlabs, a new Ethereum research nonprofit focused on institutional adoption, keeping the treasury narrative tied to Ethereum’s long-term infrastructure bet.

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More stories from the crypto ecosystem

• Hyperliquid: USDH fades to $20mln – Here’s what’s replacing it

• No supply shock yet – Why Bitcoin’s price bottom may have to wait

• Bitcoin and gold decline together – ‘Haven’t seen before,’ says strategist

• EIGEN gains 10% amid rising institutional activity – Yet THIS blocks the trend

• Pump.fun surges 12% as holder count hits record high – 2 metrics could cap gains

Did you know?

• USDC is moving deeper into bank-grade plumbing: BNY plans to let institutional clients store, transfer, mint, and burn USDC through its digital-asset platform by the end of July. The move is notable because the bank already safeguards most of USDC’s dollar reserves, linking reserve custody with on-chain stablecoin operations.

• Crypto’s prediction markets are becoming Big Tech’s next trend watch: Meta CEO Mark Zuckerberg has reportedly asked teams to explore working with Polymarket and Kalshi while building a points-based prediction app called Arena. That makes prediction markets less of a crypto election-cycle niche and more of a mainstream product format Big Tech is now watching.

• Tokenized stocks are knocking on the U.S. market’s front door: The U.S. SEC is reportedly preparing a policy that could let crypto firms offer blockchain-based versions of stocks. If cleared, the move would push tokenized equities from offshore experiments closer to U.S. market structure, with 24/7 trading and faster settlement at the center of the pitch.

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Top 3 coins of the day

Audiera (BEAT)

Key points:

• BEAT recovered to around $2.74 after extending its rebound from the $1.60 area, but the 4H structure still ran into the Parabolic SAR near $2.83, keeping the $2.80-$3.00 zone as the next test.

• The EWO stayed positive at 12.80, while volume of 26.7K looked modest versus earlier spike candles, meaning buyers need stronger participation to confirm continuation.

What you should know:

Audiera’s 4H chart showed a controlled recovery after the mid-June selloff, with price grinding higher from the $1.60 base and holding near $2.74. The move aligned with positive EWO momentum, but the Parabolic SAR still sits above price at $2.83, making $2.80-$3.00 the key overhead zone to monitor. Volume lagged earlier spike candles, keeping the rebound vulnerable to profit-taking. Beyond the chart, high-beta altcoin rotation, Audiera’s music label partnerships, and derivatives-heavy positioning may have helped extend the move. Still, the July 1 token unlock, valued around $53.4 million, remains the main event risk if BEAT fails to hold $2.50.

Sky (SKY)

Key points:

• SKY bounced to around $0.051 after defending the $0.049-$0.050 area, with the Parabolic SAR near $0.049 sitting below price and helping the short-term recovery attempt.

• MACD improved after a bullish crossover, while volume of 3.47M supported the bounce. Still, SKY needs a move above $0.053 to make the rebound look stronger.

What you should know:

SKY’s latest move looked less like a breakout and more like a base defense after the token slipped from the $0.060 area earlier in June. Price recovered to $0.051, while the Parabolic SAR at $0.049 sat below the candles, making $0.049-$0.050 the support zone to monitor. MACD also improved after a bullish crossover, though both lines remained below zero, so momentum had not fully reset. Volume rose to 3.47M, adding weight to the bounce, while $0.053 is the next recovery test. Outside the chart, Sky’s $150 million USDS liquidity deployment into Uniswap v4 with Spark and Uniswap, Framework Ventures’ $400 million fund exposure, and Grayscale’s $248 million revenue highlight supported the protocol narrative.

MemeCore (M)

Key points:

• M stayed under pressure around $0.56 after losing its former $2.80 support, with price still below the 9-day SMA at $0.66 and unable to repair the crash structure.

• Stochastic RSI slipped to 30.39 and 47.64 after the bounce faded, while volume of 3.09M came on a red candle, showing sellers remained active near the lows.

What you should know:

MemeCore’s 4H chart remained defined by damage control after its collapse from the $2.80-$3.20 range to the $0.48-$0.50 area. Price hovered around $0.56, but the 9-day SMA at $0.66 still sits above it, making $0.66-$0.70 the first recovery zone to monitor. The Support Resistance Signals MTF also showed how the former $2.80 floor turned into the major breakdown level. Stochastic RSI weakened after the bounce, while elevated volume of 3.09M on a red candle pointed to continued sell-side pressure. Beyond the chart, ZachXBT’s renewed insider-supply allegations, thin on-chain liquidity, and the project team’s silence after the crash kept confidence fragile.

 

Reading time: 5 minutes

News | Crypto Converter | Crypto Calculators

𝐗𝐑𝐏’𝐬 $𝟏 𝐟𝐥𝐨𝐨𝐫 𝐭𝐮𝐫𝐧𝐬 𝐢𝐧𝐭𝐨 𝐚 𝐬𝐭𝐫𝐞𝐬𝐬 𝐭𝐞𝐬𝐭

𝐊𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬:

• XRP retested the $1.01 area as analysts flagged $1.06, $1.00, and lower support zones as critical levels in the current selloff.

• Technical readings across the USDT and BTC pairs showed that sellers still controlled the broader trend, even as short-term relief remained possible.

𝐍𝐞𝐰𝐬 - XRP’s latest slide pushed the token back toward the psychological $1 level, turning a familiar support zone into XRP’s main stress test.

On-chain data shared by analyst Ali Martinez showed that $1.06 had become a key support area after more than 830 million XRP were previously acquired near that level. However, fresh selling pressure dragged XRP toward $1.01, raising the risk of a break below $1 if buyers fail to defend the range.

The broader technical picture remained weak. On the USDT pair, XRP traded near $1.04 after nearly losing the $1.10 zone, which has now turned into immediate resistance. The token also stayed below its 100-day and 200-day moving averages, near $1.25 and $1.50, while a descending channel continued to cap price action.

Against Bitcoin, XRP traded around 1,720 sats and sat near support at roughly 1,700 sats. A breakdown there could expose the 1,500 sats area, while recovery attempts face resistance near 1,850 to 2,000 sats.

𝐓𝐡𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐦𝐚𝐩 - Analysts pointed to $1.06, $0.80, $0.62, and $0.51 as major XRP levels based on past trading activity. Other downside zones include $0.86 to $0.87, $0.73, and $0.60 if the $1 region fails.

𝐓𝐡𝐞 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐭𝐫𝐢𝐠𝐠𝐞𝐫 - Bulls need XRP to reclaim and sustain $1.05 before any relief bounce gains credibility.

Tether’s 𝐔𝐒𝐃𝐓 𝐛𝐫𝐢𝐞𝐟𝐥𝐲 𝐬𝐭𝐞𝐚𝐥𝐬 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦’𝐬 𝐍𝐨. 𝟐 𝐬𝐩𝐨𝐭

𝐊𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬:

• Tether’s USDT briefly overtook Ether by market capitalization, with USDT near $186 billion as ETH fell to $1,510.

• The flip reflected rising stablecoin demand during volatility, even though Ether reclaimed second place within hours.

𝐍𝐞𝐰𝐬 - Tether’s USDT briefly became the second-largest crypto asset behind Bitcoin after Ether’s market value slipped below the stablecoin’s expanding supply.

At the crossover, reports placed USDT around $186.06 billion to $186.07 billion, while ETH stood near $185.58 billion to $185.66 billion. The move came after Ether dropped 5.2% over 24 hours to $1,510, its weakest level of 2026 and a support area last visited in October 2023 and April 2025.

The lead did not last. Ether reclaimed second place near $189 billion within hours as dip buyers returned, but the brief reshuffle still marked a rare moment for the market. Some even described it as the first time in roughly eight years that USDT had outranked ETH.

The mechanics were straightforward. USDT’s market cap grows as more tokens are issued, while Ether’s valuation was compressed by price weakness. That made the flip less about USDT “rallying” and more about stablecoin supply meeting a sharp ETH drawdown.

𝐓𝐡𝐞 𝐬𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐬𝐢𝐠𝐧𝐚𝐥 - Stablecoins now account for almost 15% of the total crypto market, with supply above $300 billion. Analysts framed the move as a flight to stability, as dollar-pegged tokens continue to serve trading, payment, transfer, and liquidity needs during volatile periods.

𝐓𝐡𝐞 𝐄𝐓𝐇 𝐜𝐨𝐮𝐧𝐭𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭 - Not everyone treated the drop as bearish. SharpLink bought 5,000 ETH after an eight-month pause, while Bitmine added 76,881 ETH last week. Tether’s broader rise also came as its reserve buffer grew and the company pushed into wallets, mining, AI, and XAUT-linked products.

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𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲’𝐬 𝐒𝐓𝐑𝐂 𝐬𝐥𝐮𝐦𝐩 𝐩𝐮𝐭𝐬 𝐒𝐚𝐲𝐥𝐨𝐫’𝐬 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐨𝐧 𝐭𝐫𝐢𝐚𝐥

𝐊𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬:

• Strategy’s STRC preferred stock hit fresh lows as Bitcoin weakness pulled attention back to the company’s leveraged capital structure.

• Investors are watching the June 30 ex-dividend date and monthly dividend reset as STRC trades far below its $100 par value.

𝐍𝐞𝐰𝐬 - Strategy’s preferred-stock stress deepened as STRC slipped further below par while Bitcoin hovered near the $60,000 area.

The dividend-paying product, also known as Stretch, fell to a new low of $71.25 after U.S. markets opened before firming near $75.30. Another report placed STRC around $73, roughly 27% below its $100 par value, as investors focused on its June 30 ex-dividend date and monthly dividend rate reset.

Michael Saylor addressed the pressure on X, writing that “volatility tests every capital structure,” while saying Strategy remained focused on Bitcoin, disciplined capital allocation, credit quality, and long-term value creation. His post came as the company faced a securities probe and sharper questions over recurring costs tied to STRC.

The pressure is tied to both Bitcoin and yield. Strategy’s Bitcoin holdings were described across sources as roughly 844,000 BTC to 847,363 BTC, with paper losses exceeding $13 billion as BTC traded near $60,000. Meanwhile, STRC’s 11.5% annual dividend has translated into an effective yield near 15%.

𝐓𝐡𝐞 𝐉𝐮𝐧𝐞 𝟑𝟎 𝐰𝐚𝐭𝐜𝐡 - Eligible STRC holders are set to receive a $0.48 per share dividend on July 15, but the bigger focus is the monthly reset. Investors expect a possible increase to at least 12% or 12.50%.

𝐓𝐡𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞 - Analysts are watching Strategy’s cash cushion, estimated STRC dividend burden, and Bitcoin-linked paper losses as volatility tests confidence.

𝐇𝐲𝐩𝐞𝐫𝐥𝐢𝐪𝐮𝐢𝐝’𝐬 𝐌𝐀𝐒 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐭𝐞𝐬𝐭𝐬 𝐃𝐞𝐅𝐢’𝐬 𝐥𝐢𝐜𝐞𝐧𝐬𝐞 𝐠𝐚𝐩

𝐊𝐞𝐲 𝐩𝐨𝐢𝐧𝐭𝐬:

• Singapore’s MAS added Hyperliquid and the Hyper Foundation website to its Investor Alert List, flagging that the platform is not licensed or authorized by the regulator.

• Hyperliquid said the listing was not a ban, enforcement action, or finding of wrongdoing, and that its permissionless network remains unchanged.

𝐍𝐞𝐰𝐬 - Hyperliquid landed on Singapore’s Investor Alert List as MAS continued warning users about crypto platforms that may be wrongly perceived as licensed or regulated in the city-state.

The entry, added on June 26, covered Hyperliquid’s trading app and the Hyper Foundation website. Hyperliquid responded by saying it has never claimed to be licensed or authorized by MAS, and users should not treat the platform as holding such approval. It also stressed that the listing does not amount to a regulatory violation, ban, or enforcement action.

MAS describes the Investor Alert List as a consumer protection tool for entities that may be mistakenly viewed as authorized, recognized, registered, or regulated. For users, the practical issue is protection. Listed platforms do not carry MAS investor safeguards if trades or access go wrong.

Hyperliquid framed itself as permissionless public infrastructure. The team said users keep self-custody of their assets, while transactions remain transparent and fully settled on-chain. It also said the ecosystem would continue engaging constructively with regulators and institutions globally.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞’𝐬 𝐰𝐢𝐝𝐞𝐫 𝐜𝐫𝐚𝐜𝐤𝐝𝐨𝐰𝐧 - Hyperliquid joins a list that has included Bybit, KuCoin, Bitget, and Binance. MAS has also tightened rules for crypto firms serving overseas customers from Singapore, requiring licensing or a halt to such activity.

𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐚𝐜𝐭𝐢𝐨𝐧 - HYPE showed limited damage, trading near $62 after the listing. Investor interest also remained visible, with reports citing strong HYPE ETF inflows and public support from backers such as Bitwise and Multicoin.

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More stories from the crypto ecosystem

• Grayscale cuts fees ahead of MSOL launch – Will institutions drive Solana’s next rally?

• Worldcoin’s breakdown may be the start of a bigger fall – Here’s why

• Hyperliquid’s ‘structural advantages’ will help HYPE rocket to $319 by 2028 – Multicoin Capital

• Jito price prediction: How far will JTO go despite mixed sentiments?

• Examining if STABLE’s uptrend is sustainable after its latest 5% price hike

Crypto scams uncovered

• Illegal mining is becoming a laundering cover story: Thailand issued an arrest warrant for Wang Yicheng, a Chinese businessman accused of helping launder scam and online gambling proceeds through illegal crypto mining. Authorities said the network illicitly used about $28 million worth of electricity, while Reuters previously linked a wallet in Wang’s name to $9.1 million from scam-linked sources.

• Crypto kiosks became a cash-to-scam pipeline: The FBI’s IC3 received more than 13,400 complaints involving cryptocurrency kiosks in 2025, with reported losses topping $388 million. More than half of those complaints involved people over 50, showing how scammers are using ATM-like crypto rails to pressure victims into irreversible transfers.

• A fake approval can quietly turn into a wallet drain: Operation Atlantic identified more than 20,000 approval phishing victims across the U.K., Canada, and the U.S., while freezing over $12 million in suspected criminal proceeds. The scam works by tricking users into signing blockchain approvals that hand attackers control of their wallets.

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Top 3 coins of the day

Venice Token (VVV)

Key points:

• VVV bounced from the $11.85-$12.87 support region and pushed toward $13.7-$14.4, but the Elliott Wave structure still shows a lower-range recovery.

• MACD improved, with the line at -0.244 above the -0.335 signal line, while volume stood at 1.21K on the live candle.

What you should know:

VVV’s latest 4H move turned the focus back to whether its support bounce can grow into a real recovery. Price defended the $11.85-$12.87 region, then pushed near $13.71, with the live candle up 3.69% and volume at 1.21K. MACD backed the short-term improvement: the histogram rose to 0.09 and the MACD line at -0.244 crossed above the -0.335 signal, though both lines remain below zero. The bounce also gained a project-specific boost from Venice’s GLM-5.2 Private Inference deployment, while the supplied 24H volume context pointed to a nearly 80% jump to $51.1M. July’s Final Emission Cut added a supply-tightening angle. Clearing $13.7-$14.4 is key before $15-$15.6 returns.

Solana (SOL)

Key points:

• SOL reclaimed the 20, 50, and 100 EMAs during its 4H bounce, but the 200 EMA at $73.22 remains the bigger recovery barrier.

• The Awesome Oscillator stayed negative at -1.75, while volume reached 409.74K as buyers pushed price back toward the $70.6-$71 zone.

What you should know:

SOL’s recent bounce came through as a relative strength reclaim rather than a clean trend flip. Price rose 2.96% to around $70.64, moving back above the 20 EMA at $69.08, 50 EMA at $69.89, and 100 EMA at $70.59. That put buyers back in the short-term fight, but the 200 EMA at $73.22 remains the larger trend-control barrier. The bounce had a firmer narrative from MoneyGram joining Solana as a validator and infrastructure partner, staking-enabled Solana ETF inflows topping $1.1B, and Solana’s 24.7% monthly DEX volume share worth $43.9B. Volume stood at 409.74K, while the Awesome Oscillator stayed negative at -1.75. Holding $69.8-$70 keeps $73-$73.2 in focus.

Hyperliquid (HYPE)

Key points:

• HYPE rebounded from the $58-$60 zone and traded near $63.65, but the $64.8-$65 EMA cluster remains the first major test.

• Stochastic RSI stayed elevated at 79.09 and 87.42, while volume stood at 8.11K as the bounce approached resistance.

What you should know:

Hyperliquid’s 4H recovery carried stronger narrative weight than its EMA position confirmed. Price bounced from the $58-$60 zone and rose 2.51% to around $63.65, but it still sat below the 50 EMA at $64.96 and 100 EMA at $64.85. The 20 EMA near $63.68 is the immediate pivot, while the 200 EMA at $62.28 remains support. Sentiment got a boost from a 572,900 HYPE staking inflow from Coinbase Prime, the Portfolio Margin beta rollout making HYPE eligible collateral, and Multicoin’s $319 long-term target under its “Everything Exchange” thesis. Still, Stochastic RSI stayed elevated at 79.09 and 87.42, so clearing $64.8-$65 matters before $68-$70 resumes.

 

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MemeCore’s M crash exposes the liquidity trap behind listed tokens

Key points:

• MemeCore’s M token plunged roughly 74% to 76% in 24 hours, pushing its market cap below $1 billion.

• No confirmed hack, exploit, or announcement explained the move, while earlier ZachXBT warnings on supply concentration resurfaced.

News - MemeCore’s M token delivered one of this week’s steepest crypto collapses, erasing close to $3 billion in value as its price fell from near $3 to the $0.50 to $0.74 range. Its market cap dropped below $1 billion, while its fully diluted valuation also fell sharply, with trackers placing it near $3.69 billion to $3.8 billion after the selloff.

A crash without a clear trigger - The move stood out because there was no confirmed exploit, hack, or project announcement tied to the slide. That shifted attention toward market structure. Reports cited thin trading conditions, limited on-chain liquidity, and a wide gap between circulating supply and total supply as factors that may have amplified the downturn once selling pressure hit.

The collapse also revived earlier warnings from on-chain investigator ZachXBT, who had questioned M’s exchange listings and alleged that insiders manipulated the token’s price. He also pointed to inorganic supply concentration, suspicious wallet activity, and limited liquidity, although those claims remain allegations based on the supplied reports.

Why the listing glow faded fast - M traded on venues including Kraken, Bitget, Binance Alpha, and other platforms, giving it visibility that may have looked reassuring to traders. But the crash showed that exchange access and actual liquidity depth are not the same thing, especially when supply is concentrated and markets are thin.

CoinEx pushes back after TRM flags $3.84B in Iran-linked flows

Key points:

• TRM Labs said it traced more than $3.84 billion in flows between CoinEx and sanctioned Iranian crypto entities over seven years.

• CoinEx denied having commercial ties with Iranian exchanges or government-linked entities, arguing that on-chain flows alone do not prove participation.

News - TRM Labs said CoinEx became a major route for Iran-linked crypto flows, tracing more than $3.84 billion between the exchange and sanctioned Iranian entities over seven years. The firm said about $2.7 billion of that moved between CoinEx and Nobitex, Iran’s largest domestic crypto exchange, while more than 60 Iranian platforms had direct transaction exposure to CoinEx.

The disputed evidence - TRM argued the pattern looked coordinated rather than organic, citing Nobitex’s large counterparty relationship, CoinEx’s reported share of illicit transaction volume, and exposure tied to sanctioned or terrorist-linked entities. It also said major Iranian exchanges routed about 5% to 10% of their volume through CoinEx, putting the exchange’s exposure above levels seen at compliant counterparts.

CoinEx rejected the findings, saying on-chain flows do not prove that a centralized exchange knew about, supported, or participated in related activity. It denied commercial ties with Iranian government entities, domestic exchanges, the IRGC, and other sanctioned parties. The exchange also said its official domain has been blocked inside Iran since 2021 and that it has no offices or operating entities there.

Compliance moves now matter - CoinEx said it began reviewing and exiting Iran-related exposure after U.S. sanctions on Iranian exchanges. It also pointed to tighter controls, including new registration restrictions from Iran, broader geo-fencing, stronger KYT monitoring, and enhanced reviews of higher-risk accounts.

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Crypto crime crackdown hits malware rails and SIM-swap gangs

Key points:

• Operation Endgame froze more than $47 million in criminal crypto assets and recovered about 27 million stolen credentials.

• Polish authorities arrested four suspects accused of using SIM-swap attacks to hijack crypto accounts and launder stolen funds.

News - Law enforcement pressure on crypto crime widened this week, with one operation targeting malware infrastructure and another going after a suspected SIM-swap network. In the latest phase of Operation Endgame, authorities from Europe and North America froze more than €41 million, or about $47 million, in crypto tied to cybercrime while disrupting 326 servers and 142 domains.

The malware supply chain - Europol said the operation targeted SocGholish, Amadey, and StealC, three malware families used in credential theft, ransomware support, financial fraud, and large-scale intrusions. Investigators also recovered about 27 million stolen login credentials, cleaned nearly 15,000 infected websites, and cited Microsoft data linking Amadey and StealC to more than 140,000 infected devices in early May 2026.

The second front came from Poland, where the Central Bureau for Combating Cybercrime (CBZC) arrested four members of an alleged organized group with support from the FBI and Homeland Security Investigations. Authorities said the suspects breached systems tied to telecom partners, used social engineering and specialized software to access employee emails, and hijacked victims’ phone numbers.

Why identity access mattered - Once the group controlled SMS and email channels, investigators said it could bypass security checks, seize crypto exchange accounts, and drain digital assets. The stolen funds were allegedly laundered through bank accounts, payment platforms, and multi-currency crypto wallets, with the total estimated above tens of millions of Polish zlotys.

Indonesia turns crypto influence into a compliance job

Key points:

• Indonesia’s OJK will require influencers recommending crypto and other digital financial assets to hold competency certifications.

• Promotions must be tied to authorized assets, licensed providers, regulated businesses, and official communication channels.

News - Indonesia is tightening crypto marketing rules by requiring certain influencers who recommend digital assets to obtain competency certifications. The requirement comes under Financial Services Authority Regulation No. 6 of 2026, announced Wednesday, and applies unless the person already falls under a separate licensing framework.

The recommendation gate narrows - OJK’s rule limits influencers to recommending only digital assets listed on authorized exchanges. Any service provider featured in promotional content must also be licensed, while campaigns must be conducted through regulated financial services businesses. Those businesses remain responsible for the material and must distribute it through official communication channels, reducing room for unmanaged influencer-led promotions.

The move also fits Indonesia’s broader crypto overhaul. Recent reforms have expanded OJK’s authority over digital financial assets, shifting crypto further into the supervised financial system rather than leaving it at the edges of commodity-style oversight. That matters because promotion rules now sit alongside a wider push for licensing, governance, and market conduct controls.

A global finfluencer reset - Indonesia is not moving alone. Australia has warned that influencers may need a financial services license when content amounts to advice or transaction arrangement. The U.K. has said unauthorized influencers may commit a criminal offense when promoting regulated products without approval, while the Philippines introduced crypto-specific marketing restrictions covering endorsements, social posts, podcasts, livestreams, and some paid educational content.

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More stories from the crypto ecosystem

• Here’s why the $1B tokenized stock breakthrough isn’t just a SpaceX story

• Sahara AI surges: Can its price recovery survive a 1.03B token unlock?

• All about LIGHT’s latest rally and buyers’ push towards higher liquidity zones

• DeFi’s $70B slide – Is crypto’s trust problem getting worse?

• 2026 not the same as 2024 because long-term Bitcoin holders are ‘doing the opposite’

Interesting facts

• Crypto sleuthing is being pulled into wildlife crime: PayPal, TRM Labs, Chainalysis, and Luno have joined a United for Wildlife-backed push to disrupt financial flows linked to illegal wildlife trade. The effort shows how crypto compliance tools are moving beyond exchange hacks and sanctions into wider financial-crime investigations.

• Banks are building an on-chain money bridge of their own: A group of major financial institutions is backing a Clearing House-operated initiative for on-chain clearing and settlement of tokenized commercial bank money. The system aims to connect blockchain activity with existing fiat rails like RTP and CHIPS, giving banks a regulated path into programmable payments.

• U.S. crypto rules now have a five-bucket map: The SEC and CFTC issued joint guidance classifying crypto assets into digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. The move matters because it gives builders and investors a clearer framework for how U.S. securities laws may apply to different token types.

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Top 3 coins of the day

MemeCore (M)

Key points:

• M bounced from its flash-crash low near $0.30-$0.40, but the move still looked like a fragile relief rebound rather than a bullish reversal.

• DMI showed extreme seller control, with -DI at 66.97 far above +DI at 7.13, while ADX at 37.03 confirmed strong trend pressure.

What you should know:

M’s green 4H candle looked like a relief bounce after a credibility shock, not a clean recovery. Price rebounded from the $0.30-$0.40 flash-crash zone and traded near $0.88, but it remains far below the broken $2.50-$3 range. The move followed a reported 71%-76% collapse, suspected insider-control concerns, under-$100K liquidity reports, and renewed ZachXBT criticism around MemeCore’s supply structure and exchange listings. Volume rose to 230.78K on the live candle, showing active trading after the crash. Still, DMI stayed heavily bearish, with -DI at 66.97 against +DI at 7.13. Holding $0.75-$0.80 matters, while $0.90-$0.92 and $1 are the first rebound tests.

Aave (AAVE)

Key points:

• AAVE surged into $84-$85 before pulling back toward $80-$81, making the current move a breakout retention test rather than a failed rally.

• Supertrend stayed bullish with support near $72.93, while EWO held positive at 7.62 and volume rose to 81.32K.

What you should know:

AAVE’s rally had stronger conviction than the latest red candle suggested. Standard Chartered’s $3,500 2030 target gave the token a major institutional validation angle, while USDT deposits nearing $3B on Ethereum V3 Core added a specific capital inflow driver. Price pushed to $84.74 before slipping near $80.59, so the immediate focus is whether buyers can defend $80-$81 after the breakout. Supertrend remained bullish, with trend support around $72.93, and EWO stayed positive at 7.62, confirming that upside momentum was still active. Volume rose to 81.32K during the move, but sellers appeared near $84-$85. Holding $80-$81 keeps $84-$86 in play, while $77.50-$78 is secondary support.

World Liberty Financial (WLFI)

Key points:

• WLFI bounced from the $0.055-$0.057 area after the latest Supertrend Buy signal, but price rejected $0.061-$0.0615 and slipped back near $0.059.

• DMI showed buyers still had a narrow edge, with +DI at 28.96 above -DI at 25.64, though ADX at 16.38 kept the trend weak.

What you should know:

WLFI’s latest 4H move looked like a shaky bounce inside a politically loaded range. Supertrend flashed a fresh Buy near $0.055-$0.057, helping price push to $0.0615 before sellers pulled it back near $0.059. The move came as Senate scrutiny over a $500M Abu Dhabi-linked investment, the 62B token unlock restructuring, and exchange or yield-driven bounces being capped by liquidity exits kept pressure on sentiment. Volume stood at 24.86M, showing active trading around the rejection. DMI stayed mixed: +DI at 28.96 led -DI at 25.64, but ADX at 16.38 showed weak trend strength. Holding $0.057-$0.058 matters, while $0.061-$0.0615 remains the first resistance.

 

Reading time: 5 minutes

News | Crypto Converter | Crypto Calculators

Strategy’s Bitcoin bet cracks below $100

Key points:

• Strategy’s MSTR fell below $100 for the first time since March 1, 2024, as Bitcoin weakened toward the $60,000 to $61,000 range.

• STRC’s slide below par, shrinking cash reserves, and rising dividend obligations deepened concerns around Strategy’s Bitcoin-buying model.

News - Strategy’s Bitcoin-linked stock came under fresh pressure after MSTR dropped below $100 for the first time since March 2024, marking a sharp reversal for one of Wall Street’s best-known Bitcoin-linked stocks.

The stock fell as low as $97.30 on Wednesday, while Bitcoin slipped to around $60,935, its lowest level in two weeks. MSTR was down about 20% over the past week and more than 38% over the past month, showing how quickly investor confidence has weakened as Bitcoin moved farther from last year’s highs.

A funding engine starts to wobble - The selloff was not just about Bitcoin’s price. Strategy’s STRC preferred shares, used to help fund Bitcoin purchases, also traded far below their intended $100 level after recently falling to a record low near $82.50. That raised concerns about Strategy’s ability to keep raising capital efficiently while annual dividend obligations have climbed to about $1.2 billion.

CryptoQuant added that Strategy’s cash reserve has dropped 38% year-to-date and now covers only about 14 months of dividends, down from more than seven years.

The Saylor playbook faces a test - Strategy’s 32 BTC sale to fund preferred stock distributions also challenged its long-running “never sell” image. CryptoQuant said the company should pause Bitcoin purchases, rebuild reserves, and adopt a more disciplined buying framework.

For investors, the break below $100 raised a bigger question: whether Strategy’s Bitcoin treasury flywheel can still work when BTC falls, STRC weakens, and dilution risk returns.

BlackRock gives Bitcoin a portfolio lane

Key points:

• BlackRock advised investors to consider a 1% to 2% Bitcoin allocation as a small risk-budget sleeve, not an aggressive crypto bet.

• IBIT’s scale gives the guidance institutional reach, though ETF flows, token transfers, and Bitcoin volatility keep caution in view.

News - BlackRock gave Bitcoin a clearer place in institutional portfolios after setting a 1% to 2% allocation range for investors seeking measured exposure.

The recommendation came through a BlackRock Investment Institute note, “Sizing Bitcoin in Portfolios,” and centered on position size rather than conviction. A small Bitcoin sleeve, the firm argued, could support diversification and long-term return potential without letting BTC dominate portfolio behavior.

Risk math sets the boundary - Under BlackRock’s model, a 1% Bitcoin allocation contributes roughly 2% of a standard portfolio’s total risk. A 2% allocation raises that contribution to about 5%, comparable to holding one large-cap “Magnificent Seven” tech stock. A 4% allocation, however, could contribute about 14% of total risk, making BTC a larger driver of gains and losses.

IBIT gives the framework reach - BlackRock’s iShares Bitcoin Trust (IBIT) manages approximately $62 billion and accounts for nearly half of U.S. spot Bitcoin ETF assets. That makes the guidance more than a research note for advisors weighing client exposure.

The backdrop stayed mixed. Bitcoin traded near the low $60,000s, while on-chain data showed large BlackRock Bitcoin and Ethereum transfers to Coinbase Prime during weak ETF performance. Still, CryptoQuant said long-term holders had cut selling activity to the lowest level since late 2024.

For advisors, the takeaway is practical: Bitcoin may fit in portfolios, but only as a controlled allocation that absorbs volatility without steering the entire portfolio.

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Standard Chartered bets Aave could surge 50x on RWA boom

Key points:

• Standard Chartered initiated coverage on Aave with a $3,500 price target by the end of 2030, implying a roughly 50x gain.

• The call depends on tokenized assets moving into DeFi and restoring momentum across Aave’s lending markets.

News - Standard Chartered put Aave back in focus after forecasting that AAVE could reach $3,500 by the end of 2030.

The call, led by Geoff Kendrick, the bank’s Global Head of Digital Assets Research, implied a roughly 50x increase from current levels near $70 to $76. It also suggested AAVE could outperform Bitcoin and Ethereum over the period if DeFi recovers as the bank expects.

The real bet is tokenization - Standard Chartered’s thesis hinges on tokenized finance moving on-chain at scale. The bank expects tokenized assets active in DeFi to grow 37-fold by 2030, with earlier research pointing to $2.7 trillion in assets locked in DeFi by the end of the decade. Since Aave’s model depends on deposits and borrowing activity, that shift could directly support the protocol.

Aave still carries fallout from April’s KelpDAO-related cybertheft, which involved roughly $292 million and contributed to assets leaving the platform. Kendrick said Aave had moved past the disruption as assets began returning.

Horizon links Aave to RWAs - Aave’s Horizon initiative is central because it supports lending against tokenized real-world assets in a permissioned environment. Early RWA activity has included VanEck and WisdomTree, while mGLOBAL, a Midas token tied to a Fasanara Capital private credit strategy, drew $17.1 million in supplied funds on day 1.

For now, the $3,500 target depends on whether tokenized collateral becomes a real lending market, not just whether DeFi sentiment rebounds.

World Liberty Financial faces Senate pressure

Key points:

• Five Senate Democrats requested hearings into a reported $500 million UAE-linked investment in World Liberty Financial.

• Lawmakers want Trump administration officials to testify under oath about what they knew regarding the deal and later UAE-related policy decisions.

News - World Liberty Financial came under sharper Senate scrutiny after five Democratic lawmakers called for hearings into a reported $500 million investment tied to UAE-linked buyers.

Senators Elizabeth Warren, Richard Blumenthal, Gary Peters, Dick Durbin, and Ron Wyden asked Republican committee chairs to examine whether the reported investment in the Trump family-backed crypto firm created conflicts of interest or foreign influence concerns.

The deal sits at the center - The senators pointed to a reported agreement in which an Abu Dhabi investment vehicle acquired a 49% stake in World Liberty Financial for roughly $500 million. 

The deal was reportedly signed four days before U.S. President Donald Trump’s January 2025 inauguration and backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser. Lawmakers also said the arrangement included upfront payments to entities tied to the Trump family and Steve Witkoff’s family.

The letter connected the investment to later UAE-related decisions, including a $1.4 billion arms sale, advanced AI chip approvals for G42, a streamlined investment review program, and steps to ease crypto oversight.

Officials reject the conflict framing - The White House denied wrongdoing and said Trump’s assets are held in a trust managed by his children. It also said UAE-related AI agreements had nothing to do with World Liberty Financial, while a person close to Witkoff said he was briefed on G42 discussions but did not negotiate them.

For Democrats, the demand now is sworn testimony on what officials knew and whether U.S. policy was affected.

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More stories from the crypto ecosystem

• LAB falls 13% amid ZachXBT alerts & token unlock fears – But THESE metrics suggest…

• Zcash miner Fortitude set for Nasdaq debut – Why are ZEC traders ignoring it

• Why whales are buying Ethereum’s dip despite weak price action and ETF outflows

• 20 transactions, $5.1M transferred to Tornado Cash – Aftermath of the Jaredfromsubway.eth attack

• ARB risks fresh low as traders betting on a rebound take the heaviest hit – Details

Did you know?

• Bitcoin’s data debate got a quiet software rewrite: Bitcoin Core 30.0 increased the default -datacarriersize setting to 100,000 and now permits multiple OP_RETURN outputs for relay and mining, effectively loosening how much data can be carried in standard Bitcoin transactions.

• Binance is turning the crypto app into a stock gateway: Binance now lets eligible users access more than 7,000 U.S. stocks and ETFs from the same app used for crypto, with fractional stock purchases starting from $5.

• Bitcoin ETFs are learning Wall Street’s income tricks: Goldman Sachs filed for its first cryptocurrency ETF product, the Goldman Sachs Bitcoin Premium Income ETF, which seeks Bitcoin-linked exposure while generating income through an options-based strategy.

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Top 3 coins of the day

Jupiter (JUP)

Key points:

• JUP cooled after its push toward $0.225-$0.230, with price rejecting near the upper Bollinger Band at $0.223 and slipping toward the $0.211 midline.

• The Squeeze Momentum Indicator turned negative at -0.0078, while volume stood at 2.74M, showing active participation during the pullback.

What you should know:

JUP’s latest 4H candle shifted the story from breakout chase to pivot defense. After stretching toward $0.225-$0.230, price rejected near the upper Bollinger Band at $0.223 and slipped to around $0.212, close to the middle band at $0.211. Volume stood at 2.74M, showing the pullback came with active participation rather than quiet consolidation. The Squeeze Momentum Indicator also flipped negative at -0.0078, so momentum needs to stabilize before bulls retest $0.220-$0.223. Beyond the chart, Jupiter’s Solana DeFi exposure, 50% protocol-fee buybacks through the Litterbox Trust, and its Polymarket integration keep the utility and demand narrative alive. Holding $0.211-$0.212 is key, while $0.199-$0.200 is deeper support.

Avalanche (AVAX)

Key points:

• AVAX rejected $6.45-$6.50 and slipped back toward the 20 MA at $6.308, keeping the recovery attempt fragile.

• The Squeeze Momentum Indicator stayed positive at 0.108, but volume rose to 337.25K on the red candle, exhibiting sellers were active near resistance.

What you should know:

AVAX had a stronger narrative than its latest 4H candle showed. FIFA Collect’s World Cup 2026 ticketing initiative and the Avalanche Payments Collective, which includes institutional names like VanEck, Anchorage Digital, and Paxos, gave the network fresh real-world utility and payments momentum. Still, price rejected $6.45-$6.50 and slid toward $6.307, almost matching the 20 MA at $6.308. The 50 MA sits higher at $6.382, so buyers still need to reclaim that area before retesting $6.45-$6.50. The Squeeze Momentum Indicator stayed positive at 0.108, but volume rose to 337.25K on the pullback. Holding $6.30-$6.31 is key, while $6.10-$6.15 is the next support.

Worldcoin (WLD)

Key points:

• WLD struggled to reclaim $0.55 after its sharp drop, leaving $0.526-$0.53 as the immediate support zone.

• Price stayed below the 20 MA at $0.589 and 50 MA at $0.615, while RSI at 35.81 showed buyers had not regained control.

What you should know:

WLD’s latest setup was less about a rebound and more about damage control after a sentiment shock. Price hovered near $0.536 after losing the $0.55 area, while the 20 MA at $0.589 and 50 MA at $0.615 now form the main recovery wall. RSI sat at 35.81, showing weak momentum, and volume stood at 13.79M as traders reacted to the breakdown. Beyond technicals, probe-related headlines around Tools for Humanity and WLD’s June 23 Robinhood listing appearing to act as a sell-the-news event added pressure. The broader tech and AI sell-off also weighed on sentiment. Holding $0.526-$0.53 matters, while $0.50-$0.51 is lower support.

 

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News | Crypto Converter | Crypto Calculators

Europe’s payment race shifts gears

Key points:

• EU lawmakers advanced the digital euro framework after ECON backed the package in a 43-14 vote.

• Ripple also secured preliminary MiCA approval in Luxembourg, adding to Europe’s regulated crypto payments push.

News - Europe’s digital payments push moved forward after the European Parliament’s Economic and Monetary Affairs Committee approved its position on the digital euro package. The vote backed a framework for an ECB-issued currency that could work both online and offline, while keeping cash in the system rather than replacing it.

The approved draft includes no interest payments, holding limits for individuals, and temporary 24-hour holding rules for businesses receiving digital euros. Basic account access and payments would be free, while offline transactions would also remain free under the proposal.

Privacy becomes the selling point - The offline version would use local device storage, allowing payments without an internet connection. Lawmakers framed that model as cash-like, although losing the device would also mean losing the offline digital money without a refund.

The draft also includes privacy-by-design features such as zero-knowledge proofs, with the announcement stating that the ECB would not have access to personal identification data. Before any rollout, the ECB would still need technical rules, pilot testing, and coordination with payment providers, with a 2029 launch target now in view.

MiCA race adds pressure - The timing also matters for crypto firms. Ripple received preliminary CASP approval from Luxembourg’s CSSF under MiCA, which could allow it to offer regulated crypto and stablecoin payment services across the European Economic Area once finalized.

The move builds on Ripple’s Luxembourg EMI license and lands just before the July 1 MiCA transition deadline, as Europe becomes a key regulatory test case for crypto payments.

SpaceX rout tests Bitcoin’s $60K floor

Key points:

• Bitcoin tested a two-week low near $62,000 as SpaceX’s post-IPO slide pressured broader risk appetite.

• Traders are watching whether BTC can defend $60,000 as tech weakness, Fed expectations, and crypto catalysts collide.

News - Bitcoin’s latest slump came as SpaceX’s post-IPO reversal rattled tech markets and added pressure to speculative assets. The newly public stock fell below its debut opening price after announcing a $20 billion bond sale, briefly pushing its valuation below $2 trillion.

Across three sessions, SpaceX erased more than $600 billion in market value, while the broader tech sell-off weighed on chipmakers including Micron Technology, SanDisk, Intel, and AMD. Bitcoin also tested a two-week low near $62,000, falling 4% over the past day as Ethereum, XRP, and Solana posted steeper losses of at least 5%.

Bitcoin’s support line tightens - The move brought Bitcoin’s $60,000 support back into focus. One analyst said a break below $62,200 could increase the chance of BTC falling under $60,000, while a decisive move below the $61,000-$62,000 neckline could point toward $55,000-$56,000.

Still, Bitcoin stayed comparatively rangebound near the lower end of its recent range, even as SpaceX saw a sharper three-day drawdown.

Fed pressure meets crypto catalysts - The macro backdrop also remained tense after Kevin Warsh’s first remarks as Fed chair and rising expectations for a July rate hike. Hashdex’s Gerry O’Shea said a hawkish environment could hurt crypto and other risk assets, but pointed to Middle East de-escalation and the Clarity Act as possible catalysts later this year.

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Housing bill freezes Fed CBDC plans

Key points:

• The U.S. Senate passed the 21st Century ROAD to Housing Act in an 85-5 vote, with a CBDC ban attached to the package.

• The measure would block the Fed from issuing or creating a digital dollar through Dec. 31, 2030, while carving out private stablecoins.

News - A U.S. digital dollar moved closer to a formal freeze after the Senate passed a bipartisan housing affordability bill that includes a temporary ban on Federal Reserve CBDC activity. The 21st Century ROAD to Housing Act now heads to the House, where lawmakers are expected to take it up quickly before it can move to U.S. President Donald Trump’s desk.

The broader bill targets housing supply and also includes measures aimed at large institutional investors buying single-family homes. Its crypto clause, however, bars the Fed from directly or indirectly issuing or creating a central bank digital currency, or any substantially similar digital asset, including through a financial institution or intermediary.

Stablecoins remain protected - The restriction runs through the end of 2030, but it includes a carve-out for dollar-denominated assets that are open, permissionless, and private. That leaves private stablecoins outside the ban.

Even after the restriction expires, the Fed would still need explicit congressional authorization to pursue a CBDC. The measure also aligns with Trump’s January 2025 executive order, which had already directed the administration not to pursue a U.S. CBDC.

U.S. splits from global trend - The ban comes despite there being no active federal CBDC project, with the Fed having stayed at the research stage. Globally, however, the direction looks different. Europe is preparing a digital euro, China has expanded cross-border e-CNY participation, and dozens of countries remain in CBDC pilot, development, or research phases.

Trump’s quantum push puts crypto on alert

Key points:

• Trump signed two executive orders to accelerate U.S. quantum computing while hardening federal systems against quantum-enabled encryption threats.

• The push adds urgency to post-quantum cryptography work already underway across Ethereum, Solana, Bitcoin, and other crypto networks.

News - U.S. President Donald Trump signed two executive orders aimed at expanding U.S. quantum computing capabilities and speeding up the shift to quantum-resistant cryptography. One order directs agencies to update the National Quantum Strategy within 180 days, support commercialization, strengthen industry partnerships, and advance a national effort called QC-ADDS.

That program is intended to develop a large-scale quantum computer for scientific discovery, with the Department of Energy expected to host at least one advanced system. The administration is also targeting a scientifically relevant quantum computer by 2028, while asking defense officials to prioritize next-generation quantum sensors.

Encryption deadline moves closer - The second order focuses on cybersecurity, warning that large-scale quantum computers could threaten widely used cryptographic systems, especially if adversaries collect encrypted data now and decrypt it later.

Federal agencies must move sensitive systems to post-quantum cryptography for key establishment by the end of 2030 and for digital signatures by the end of 2031. The orders also call for NIST-led pilot work, critical infrastructure support, stronger domestic supply chains, workforce programs, and closer coordination with allies.

Crypto faces the same clock - The crypto industry is already preparing for that risk. Ethereum and Solana have started post-quantum roadmaps, while Bitcoin remains divided over how to protect older coins. Other recent efforts include BTQ’s Bitcoin testnet around BIP-360, BIP-361’s proposal for vulnerable legacy addresses, Stellar’s migration roadmap, and Algorand’s plan for broad quantum resilience by 2027.

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More stories from the crypto ecosystem

• Here’s why DYDX traders are eyeing $0.20 after a 115% volume surge

• Ondo Finance shifts 150mln tokens – Here’s why traders are watching!

• Can Bitmine’s $10B ETH strategy pay off as Ethereum prices stay weak?

• Strategy now holds 847,363 BTC, but Bitcoin bulls still need proof!

• Why is SOL losing despite Solana beating Hyperliquid on the revenue front?

Interesting facts

• Europe’s crypto deadline is turning into a license race: Italian fintech Conio, backed by Poste Italiane and Banca Generali, has secured a MiCAR license in Italy before the June 30, 2026 transition deadline. The approval lets it offer custody, transfer, and digital asset placement services under EU rules, while unlicensed firms face being barred from serving clients in Italy and the wider bloc.

• Coinbase just made India a rupee-rail story: Coinbase is allowing users in India to trade using the rupee, with deposits and withdrawals routed through an immediate payment service channel. The move matters because it gives the U.S.-listed exchange a cleaner local access point in one of the world’s most active crypto markets.

• A crypto exchange is buying Wall Street’s back-office rails: Bullish agreed to buy transfer agent Equiniti for $4.2 billion, a deal aimed at connecting crypto markets with traditional capital market infrastructure. Equiniti serves more than 20 million shareholders and manages about $500 billion in annual payments, giving Bullish a regulated bridge into settlement and tokenized market workflows.

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Top 3 coins of the day

Algorand (ALGO)

Key points:

• ALGO lifted from its $0.0885-$0.091 base and reclaimed the 9-day SMA at $0.0913, putting the $0.096-$0.10 resistance pocket back in play.

• RSI rose to 56.45 and volume hit 17.46M, while Algorand’s post-quantum roadmap gave the rebound a project-specific catalyst.

What you should know:

ALGO’s 4H bounce started from the lower support shelf, not from a clean trend reset. After holding $0.0885-$0.091, price reclaimed the 9-day SMA at $0.0913 and pushed toward $0.096-$0.10, with volume rising to 17.46M. RSI also improved to 56.45, leaving momentum constructive but not overheated. The move had a sharper project angle after Algorand detailed its post-quantum security roadmap, including native post-quantum accounts and staking from those accounts planned for Q3 2026. May ecosystem data also helped sentiment, with asset creation up 238.7% MoM, smart contract deployments up 47.3%, and community staking at 81.4%. Holding $0.091-$0.092 keeps $0.105-$0.109 in view.

Canton (CC)

Key points:

• CC’s Bithumb CC/KRW listing brought fresh trading attention, but price rejected $0.157-$0.158 before settling near the 9-day SMA at $0.1511.

• The Awesome Oscillator improved from negative territory but stayed below zero at -0.00309, keeping the rebound tentative while $0.15-$0.151 acts as the key support zone.

What you should know:

CC’s latest 4H move showed fresh attention running into nearby supply. The Bithumb CC/KRW listing opened direct Korean won access and helped explain the volume pickup to 232.42K, but price rejected $0.157-$0.158 before slipping back toward $0.1517. The 9-day SMA sits at $0.1511, making $0.15-$0.151 the first area to defend. Canton’s locking service, tied to CIP-0105 and CIP-0116, added a supply management narrative, while Palladium Labs’ 10M CC Genesis Fund supported the builder growth story. Still, the Awesome Oscillator remained negative at -0.00309, so momentum has not fully flipped. A break above $0.157-$0.158 opens room toward $0.164-$0.171, while $0.146-$0.149 is deeper support.

Venice Token (VVV)

Key points:

• VVV lost the $14.2-$14.4 shelf after its recovery attempt faded, leaving $13.3-$13.5 as the immediate support zone.

• Parabolic SAR stayed above price at $15.98 and the Awesome Oscillator turned negative at -0.248, showing sellers still held the short-term trend.

What you should know:

VVV’s recent 4H setup looked more like a failed rebound than a fresh recovery. Price slipped under the $14.2-$14.4 shelf and hovered around $13.48, putting $13.3-$13.5 in focus as the first support to defend. The correction followed an earlier failed breakout near $17.60-$17.78, while the supplied liquidation context showed over $310K in long liquidations adding forced-selling pressure during the decline. On the chart, Parabolic SAR stayed above price at $15.98, keeping trend control with sellers, and the Awesome Oscillator turned negative at -0.248 after the prior bounce faded. Volume stood at 2.15K on the live candle. A reclaim of $14.2-$14.4 is needed first, while $14.8-$15.4 is the next resistance zone.

 

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News | Crypto Converter | Crypto Calculators

Strategy builds cash shield after STRC slide

Key points:

• Strategy added $300 million to its USD reserve, lifting it to $1.4 billion after STRC fell sharply below its $100 reference level.

• The firm bought only 520 BTC for about $35 million, while most of its latest share-sale proceeds went toward liquidity.

News - Strategy’s latest update looked less like an aggressive Bitcoin accumulation move and more like a balance-sheet defense play. The Michael Saylor-linked firm raised $335.5 million through sales of its Class A common stock, but only about $34.9 million went into Bitcoin.

Cash took priority - Strategy used the larger portion of the proceeds, $300 million, to expand its USD reserve to $1.4 billion. The reserve is meant to support dividend payments, debt obligations, and the credit quality of its Digital Credit securities, a key concern as investors continue to watch the company’s preferred-stock structure.

STRC pressure framed the move - The liquidity build came after STRC, Strategy’s perpetual preferred stock, slipped below $90 last week and briefly fell below $83. That placed the security well under its $100 par value and raised fresh questions about investor confidence in the company’s high-yielding credit products.

Strategy still added to its Bitcoin stack, buying 520 BTC at an average price of $67,068 per coin. The purchase lifted total holdings to 847,363 BTC, acquired at a total cost of about $64.1 billion, or $75,651 per Bitcoin.

The update showed how Strategy’s Bitcoin strategy is now being shaped by more than accumulation. With preferred-share obligations in focus, the firm’s cash reserve has become part of the story too.

XRP rebound case meets $1 trapdoor

Key points:

• XRP rebounded after briefly losing the $1.13-$1.14 area, keeping the token inside its broader $1.10-$1.30 June range.

• Technical signals remained split, with liquidation clusters pointing toward $1.40 while a bearish pattern kept $0.96 in view if $1.10 breaks.

News - XRP’s recent price action left traders with two competing reads rather than one clear signal. The token briefly slid toward $1.12 after heavy selling pushed it below nearby support, but buyers quickly drove it back toward $1.15 and preserved the broader $1.10-$1.30 range that has shaped most of June.

Range defense held - The rebound suggested buyers remained active in the $1.10-$1.15 support zone. Still, XRP stalled near $1.14-$1.15, keeping short-term resistance intact and leaving traders focused on whether the recovery marked accumulation or another pause inside a wider downtrend.

The upside case - Some technical signals pointed to a possible relief rally. XRP’s 20-week EMA was close to crossing below its 200-week EMA near $1.39-$1.40, a rare death-cross setup that previously preceded mean-reversion rebounds. CoinGlass liquidation data also showed a large short-liquidity cluster around $1.37-$1.40, keeping that zone in focus if buyers extend momentum.

The downside risk - A separate 12-hour chart showed a bearish head-and-shoulders structure, with the neckline sitting just above $1.10. On-chain cost basis data suggested support below that level was thinner, while a clean break could open $1.04 and then $0.96.

For now, XRP’s setup depends on which side of the range breaks first. Above $1.17, bulls gain a stronger invalidation signal. Below $1.10, the sub-$1 risk returns.

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BitMine’s ETH chase becomes yield test

Key points:

• BitMine added 52,203 ETH worth about $92 million, bringing its holdings to 5.67 million ETH, or roughly 4.7% of Ethereum’s circulating supply.

• The firm’s staking-heavy treasury model came as Ethereum validators faced a new proposal to redirect up to 10% of staking rewards toward ecosystem funding.

News - BitMine is now close enough to its 5% circulating supply target that the question has shifted from how much ETH it can buy to how well its treasury model can fund itself. The Tom Lee-chaired firm bought 52,203 ETH last week, lifting its holdings to about 5.67 million ETH, valued near $10 billion.

Accumulation slowed, but continued - The purchase was smaller than recent weekly buys, yet BitMine said it was 94% of the way toward its goal of owning 5% of Ethereum’s circulating supply. Lee said the company planned to keep accumulating through 2026 and maintained that crypto remained in the early stages of a broader recovery.

Staking became the support layer - BitMine had more than 4.7 million ETH staked, representing over 83% of its holdings. That matters because the firm recently raised about $274 million through its 9.50% Series A Perpetual Preferred Stock, BMNP, which pays weekly cash dividends. Lee has argued that staking income can help support those obligations, with projected annualized rewards potentially reaching $268 million once fully staked through its validator platform.

Ethereum’s own funding question - Separately, a new Ethereum research proposal would let validators redirect 0% to 10% of staking rewards toward ecosystem funding. Supporters said it could fund public goods, while critics flagged cartelization risks and concerns over who pays when staking operators act for delegated ETH holders.

Together, the updates put ETH staking at the center of two debates: corporate treasury sustainability and Ethereum’s shared funding burden.

Crypto hacks turn from shock to pattern

Key points:

• Q2 2026 became the most-hacked quarter on record by incident count, with 83 exploits and $755.3 million stolen so far.

• Cross-chain bridges remained the costliest weak spot, while June’s exploits widened across Taiko, Secret Network, MEV bots, and other attack surfaces.

News - Crypto’s Q2 security picture was not defined by one outsized breach, but by the number of times defenses failed. According to Unfolded analysis based on DefiLlama data, the quarter has already recorded 83 exploits, making it the most-hacked quarter by incident count.

Losses stayed concentrated - Hackers stole $755.3 million during the quarter so far, well below the $3.56 billion lost in Q4 2020. Still, KelpDAO’s $293 million hack and Drift Protocol’s $280 million exploit showed that large-scale losses remained a real threat even as the broader pattern pointed to more frequent attacks.

Bridges stayed exposed - Cross-chain bridges were the largest attack vector, accounting for $351 million in stolen value. Taiko became the latest example after an attacker forged withdrawal proofs and drained about $1.7 million from its bridge and ERC20 vault. The Ethereum layer-2 network halted block production, urged users to withdraw from all bridges, and said a full incident report was being prepared.

June’s attack surface widened - Secret Network also suffered a $4.67 million exploit tied to an “infinite mint” bug, while Ethereum MEV operator Jaredfromsubway.eth offered a 50% white hat deal after a reported $15 million exploit. Humanity Protocol, Syscoin Bridge, Aztec Connect, Raydium, and other incidents added to the month’s pressure.

The takeaway was clear: crypto’s hack problem is no longer just about single catastrophic breaches. In Q2, repeated failures across bridges, contracts, and automated systems became the bigger warning sign.

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More stories from the crypto ecosystem

• Ethereum whales bet on downside, but 73% traders are long – Who wins?

• Why analysts see a ‘legendary rally’ as altcoins near a KEY trigger

• Taiko token crashes 10% following $1.7mln exploit – Details

• Story [IP] eyes a breakout after 11% rally – Why traders remain cautious

• Ethereum whale shorts $72.4mln at $1,735 – What happens next?

Did you know?

• Stablecoins just got a Bank of England rewrite - The Bank of England has dropped its earlier individual holding-limit approach for systemic sterling stablecoins, replacing it with a temporary £40 billion issuance guardrail per stablecoin and allowing up to 70% of backing assets in short-term UK government debt.

• Solana’s next speed story is being written under the hood - Solana’s Alpenglow upgrade remains under development, but its target is already clear: 150ms confirmation times, with Proof of History and on-chain vote transactions set to be removed in favor of a simpler consensus design.

• Tokenized Treasuries are no longer a tiny experiment - Tokenized U.S. Treasury products now sit around $15.04 billion in distributed value, showing how real-world asset tokenization has moved from crypto-native curiosity to an increasingly visible institutional market segment.

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Top 3 coins of the day

DeXe (DEXE)

Key points:

• DEXE rebounded from the $13.10-$13.40 higher-low zone and broke above $16.70-$17.00, shifting its latest 4H structure in buyers’ favor.

• The rally was backed by stronger volume and renewed attention around AI-linked DAO tooling, while MACD improved after crossing above the signal line.

What you should know:

DEXE rebounded sharply from the $13.10-$13.40 higher-low zone and broke above $16.70-$17.00, turning its latest 4H structure more constructive. The move came with stronger participation, with the live candle showing 21.32K in volume and DEXE’s 24H trading volume jumping 221% to $52.1M. AI-linked DAO tooling and governance infrastructure also gave the rally a stronger story, helping DEXE stand out during selective altcoin rotation. Still, the rally has to clear $17.80-$18.00 to open room toward $18.80-$19.80. A hold above $16.70-$17.00 keeps the breakout intact, while a drop below $15.40-$15.60 would weaken the rebound. Watch whether MACD keeps rising toward zero.

XRP (XRP)

Key points:

• XRP defended the $1.12-$1.13 area and recovered toward $1.14-$1.15, but the move still looked like a range rebound rather than a confirmed breakout.

• Bollinger Bars turned positive and MACD improved mildly, though price still needs a clean push above $1.16 to regain stronger momentum.

What you should know:

XRP’s latest 4H move looked more like a defended range than a breakout. After sellers pressed price toward $1.12-$1.13, buyers pushed it back into the $1.14-$1.15 pocket, with Bollinger Bars flipping positive and the live candle showing 2.65M in volume. MACD also improved, with the line at -0.0056 above the -0.0078 signal and the histogram at 0.0022, though both lines still sit below zero. Away from the chart, U.S.-Iran talks helped ease risk anxiety, while spot XRP ETF inflows above $1.4B and futures open interest rising from $2.5B to $2.89B kept XRP in focus. A move above $1.16 is needed for $1.18-$1.20, while $1.12-$1.13 remains key support.

Sui (SUI)

Key points:

• SUI bounced from $0.69-$0.70 and reclaimed $0.72-$0.73, but the latest lower high near $0.74-$0.75 kept the recovery unfinished.

• DMI showed a narrow momentum shift, with +DI at 20.48 barely above -DI at 19.81, while ADX at 33.33 kept trend pressure active.

What you should know:

SUI’s rebound was not just a quiet range bounce. After defending $0.69-$0.70, price climbed through $0.72-$0.73 and tested $0.74-$0.75, where the latest 4H candle stalled into a lower high. The move landed as Sui’s claimed one million operations-per-second milestone and its long-term AI/global finance roadmap brought fresh attention to the network’s scalability story. Volume stood at 2.73M on the live candle, showing buyers returned, but not with enough force to confirm a full reversal. DMI also stayed mixed: +DI at 20.48 barely led -DI at 19.81, while ADX at 33.33 kept trend pressure in play. Holding $0.72-$0.73 matters, while $0.74-$0.75 is the immediate test.