Ethereum is trading confidently above the $3,100 level after breaking through this key resistance with strength, signaling a potential shift in market dynamics. While Bitcoin experiences a short-term pullback from its all-time highs, Ethereum’s upward move highlights growing momentum across the altcoin sector. Bulls are increasingly optimistic, viewing this divergence as a sign that capital may be rotating into ETH and other high-conviction altcoins. Related Reading: Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative Fueling this optimism is a combination of improving technicals and strengthening fundamentals. One of the most notable developments came today, as SharpLink Gaming—one of the first Nasdaq-listed companies to adopt an Ethereum-focused treasury strategy—purchased an additional $19,560,000 worth of ETH. The combination of strong price action, increasing corporate interest, and supportive on-chain metrics suggests that Ethereum could be leading the next leg of the altcoin rally, especially if Bitcoin continues to consolidate and investors shift focus to undervalued opportunities across the ecosystem. SharpLink Becomes Largest Corporate Holder Of Ethereum SharpLink Gaming has officially become the largest corporate holder of Ethereum, with a total of 280,706 ETH now held in its treasury, valued at approximately $840 million at current market prices. The company’s aggressive accumulation strategy signals a new phase in institutional Ethereum adoption, reinforcing the growing perception of ETH as a long-term strategic asset. Top analyst Ted Pillows confirmed SharpLink’s latest purchase using on-chain data, which shows that the ETH was acquired through a Coinbase Prime hot wallet—a platform commonly used by institutions for large-scale crypto transactions. According to a press release, SharpLink raised $413 million through the issuance of over 24 million new shares between July 7 and July 11, capital it promptly deployed into the crypto market. In total, the firm acquired 74,656 ETH over the past week at an average price of $2,852 per coin. This aggressive buying spree not only reflects SharpLink’s treasury strategy but also highlights a broader trend among institutional players of turning to ETH as a core asset. As traditional companies seek alternatives to cash and government bonds, Ethereum’s maturing ecosystem and growing staking participation make it an increasingly compelling option. SharpLink’s bold move may inspire other public firms to explore ETH as a reserve asset. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip ETH Weekly Chart Signals Trend Reversal Ethereum is showing strong bullish momentum on the weekly chart. The price is currently trading at $3,155.21, up over 6% for the week. The breakout above the key resistance zone at $2,850 is now confirmed. Marking a significant shift in market structure after months of consolidation and bearish pressure. This move pushes ETH to its highest weekly close since early 2024. Technically, Ethereum has reclaimed all major moving averages: the 50-week SMA ($2,645), 100-week SMA ($2,659), and 200-week SMA ($2,427). This alignment supports a longer-term bullish reversal and confirms that momentum has shifted in favor of buyers. The clean break above the previous resistance adds strength to the move. And sets the stage for a potential rally toward the $3,600–$3,800 range in the coming weeks. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth The reclaim of $2,850—a zone that had acted as strong resistance for months—now flips into support. If Ethereum continues to hold this level on a weekly closing basis, it will likely attract more institutional attention. Featured image from Dall-E, chart from TradingView
The acquisition highlights the growing trend of companies integrating Bitcoin into their financial strategies, potentially influencing market dynamics.
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The combination will create an integrated data and investment management platform for trading cryptocurrencies.
Binance maintained its top spot among crypto exchanges, handling over 35% of global trading volume in the second quarter.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
One-third of complex cross-chain investigations spanned over three blockchains, with 20% using more than 10, Elliptic finds.
The firm’s new mMEV and mRe7YIELD products deliver institutional-grade, market-neutral DeFi exposure.
The move is designed to give Aethir’s native ATH token holders and node operators access to stablecoin credit without liquidating their tokens
BONK surges 18.2% as bullish sentiment sweeps across crypto markets, led by altcoin breakouts
These crypto gems are flashing bullish signals with strong catalysts and upside momentum Altcoin season is in full swing as Bitcoin dominance dips and ETH/BTC shows reversal signs. Layer 1s, DeFi, and AI coins are leading the charge with real-world integrations and ecosystem growth. SUI, ARB, and AVAX are surging on high-profile partnerships and rising …
Expanding PYUSD to Arbitrum could enhance its utility and adoption, potentially boosting PayPal's influence in the crypto ecosystem.
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Pump.fun, the Solana-based meme coin platform, is back in the spotlight with a hefty $2.3 million buyback of its native token, PUMP, executed in just 20 minutes. The move caused a 13–15% price surge, pushing the token to $0.00656 and reigniting investor interest. But beneath the buzz, concerns over its long-term value and utility are …
Ethereum Name Service has ignited serious bullish momentum. This comes as it registers a 38.32% gain in the last 7 days and a jaw dropping 19.45% rally in just 24 hours. The catalyst behind the run, you ask? A combination of strong fundamentals, that includes Coinbase Germany’s direct ENS listing and a massive 157% spike …
Trading volumes for the frog-themed token surged to 4.6 trillion, while exchange balances have decreased 2.6% over the past 30 days.
As Bitcoin price jitters ripple through the market, Strategy isn’t backing down. In fact, it says it’s built to survive even if Bitcoin crashes all the way down to $20,000. That’s the message from Chaitanya Jain, Strategy’s Bitcoin strategy manager, who responded to growing concerns on social media about the company’s heavy exposure to BTC. …
Toymaker SRM Entertainment is rebranding after staking 365 million of the Justin Sun-linked cryptocurrency.
CMBI is the first Mainland China broker to get a virtual assets license from Hong Kong’s Securities and Futures Commission.
Your day-ahead look for July 16, 2025
A procedural vote to advance landmark crypto legislation failed on the House floor Tuesday, only to be revived hours later following direct intervention from President Donald Trump. The reversal followed a brief but intense standoff between Republican leadership and a small group of conservative holdouts, which paralyzed the chamber and ultimately required a presidential deal […]
The post This small House Republican caucus held US stablecoin bill hostage until Trump cracked the whip appeared first on CryptoSlate.
US authorities confiscated massive drug quantities and dismantled meth labs nationwide while pursuing crypto-linked cartel operatives.
A provocative post published on July 14 by long‑time Bitcoin advocate and “Taproot Wizard” Udi Wertheimer has ignited fresh debate over whether the cryptocurrency is on the cusp of what he calls a “generational run the likes of which we’ve never seen.” Bitcoin’s Generational Run Writing on X, Wertheimer contends that Bitcoin is emerging from a rare “rotation” in which early, price‑sensitive holders have surrendered their coins to newcomers—chiefly exchange‑traded‑fund investors, corporate treasuries and even nation‑states—who are largely indifferent to the unit price. “Many, if not most, of old big holders have rotated out of the asset,” he asserted, adding that once such rotations succeed, “what follows is a rally in multiples previously considered unimaginable.” Wertheimer frames his case through an exhaustive retrospective on Dogecoin’s 2019–2021 ascent, arguing that Bitcoin now occupies an analogous position. He recounts how an April 2019 tweet by Elon Musk (“dogecoin might be my favorite cryptocurrency”) triggered an initial 50 percent spike that lulled veteran traders into distributing their bags, only for TikTok‑driven retail inflows to drive the meme coin from roughly $0.0025 to nearly $1 within two years. “Crypto natives thought they knew it was a huge deal, but they underestimated it BY A LOT,” he wrote, describing the move as “the first dogecoin mindfuck,” followed by an even larger “second mindfuck” once legacy sellers exhausted their supply. Related Reading: Bitcoin Returns Under $117,000: Is Social Media FOMO To Blame? Transposing that template onto Bitcoin, Wertheimer insists that “the real move didn’t even start yet.” He claims that traditional capital‑market participants—embodied for him by BlackRock’s iShares Bitcoin ETF (ticker: IBIT) and Michael Saylor’s MicroStrategy—are blind to earlier cycle highs because they measure performance from the January 2024 ETF launch or in dollar‑notional terms, respectively. Referencing IBIT price surge from $30 to $70, Wertheimer says: “‘It’s only up $40! That’s nothing! Why not $700?’ […] They’re completely insensitive to the bitcoin price,” he adds of treasury‑based buyers, arguing that such entities simply “shove as many dollars as they can.” On price targets, Wertheimer is explicit: “I have a high degree of confidence that we’ll see $400k by the end of this year. This target might be too conservative.” He further predicts an additional order‑of‑magnitude revaluation once “the entire world starts to believe,” echoing Dogecoin’s second‑wave frenzy. “We’re just entering the first mindfuck,” he writes. Related Reading: Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge The thread reserves particular ire for competing crypto assets. “Your altcoins are fucked,” Wertheimer declares, suggesting that short‑lived spurts of outperformance will not match the “sheer amount of capital flowing into bitcoin.” He singles out Ethereum as “the biggest loser of the cycle,” forecasting that MicroStrategy’s equity capitalisation could surpass Ether’s market value and arguing that persistent selling by “old bagholders” will cap any relative rally. “ETH/BTC will continue to print lower highs,” he predicts, adding that incoming treasury‑style buyers would need “years” to absorb legacy supply before Ethereum can stage a true breakout. In a direct call to action, Wertheimer tells readers that “you will actually be able to retire off of 1 bitcoin,” urging immediate accumulation and warning that waiting for price dips is futile now that “old holders are out.” He closes with a plea stark in its simplicity: “Wall Street is buying all of the bitcoins … please buy some bitcoin before there isn’t any left.” Wertheimer’s thesis hinges on the notion that seller‑exhaustion dynamics proven in a small‑cap meme coin can translate, mutatis mutandis, to Bitcoin’s vastly larger market. Whether that analogy holds will be tested in the months ahead; for now, his post has sharpened the fault line between long‑term Bitcoin maximalists and a broader crypto community still weighing the merits—and risks—of what he calls “the first mind‑fuck” of a potentially epoch‑defining rally. At press time, BTC traded at $118,686. Featured image created with DALL.E, chart from TradingView.com
ETH eyes $3,400 after triangle breakout as major coins look north.
The next Federal Reserve FOMC meeting is scheduled for July 19, 2025, and all eyes are on the central bank’s decision. Veteran trader Matthew Dixon has made a sensational claim on X, stating there’s a 96.9% chance the Fed will keep rates unchanged at 4.25%–4.50%, and zero probability of a rate hike. Dixon also noted …
At least 50% of US states have strong congressional representative support on blockchain policy, while 36% have an active pro-crypto task force.
Bitcoin’s cryptography has never faced an existential threat and still doesn’t, except preemptive ones that can possibly target early wallets.
BONK price has broken out from a multi-week consolidation range, confirming bullish intent with a decisive shift in market structure. After testing critical price levels and reclaiming lost ground, the meme coin is now positioned for a continued move higher. The setup suggests further upside potential, with key levels now acting as both technical springboards …
Citigroup, one of Wall Street’s biggest banks, is taking a major step into the world of digital finance. CEO Jane Fraser has confirmed that the bank is “looking at the issuance of a Citi stablecoin” – a move that could reshape how traditional banks use blockchain. As crypto regulations ease and stablecoin demand rises, Citi’s …
The financial crypto realm isn’t limited to speculative tokens; in fact, it extends far beyond that to power critical infrastructure. These analytics tokens, in total hold a market cap of $1.49 billion and saw a 5.8% intraday rise. It includes tokens like Arkham (ARKM) and The Graph (GRT), which are carving out an underrated but extremely …
Bitcoin institutions have no desire to sell as BTC/USD drops $7,000 from all-time highs — in fact, they’re adding more and more BTC.
Ethereum is on fire again. As Bitcoin briefly pulls back from its new highs, ETH is climbing steadily, fueling growing buzz about a coming altcoin season. Analysts like Michaël van de Poppe are doubling down on this trend, highlighting Ethereum’s surge as a sign of broader altcoin momentum in the making. There we go, a …