On July 23, BlackRock’s spot ETFs made major purchases, acquiring 1,190 Bitcoin (BTC) and 86,650 Ethereum (ETH). This move highlights strong institutional confidence in leading cryptocurrencies amid active market conditions. The increased holdings reflect growing investor demand for exposure to digital assets through reputable ETF products. BlackRock’s continued investment emphasises its influential role in driving …
The Ethereum validator exit queue is at its longest in nearly two years as $2.3 billion worth of Ether now awaits unstaking. Is it profit taking or repositioning?
XRP is currently showing signs of weakness after its recent rally, and technical signals show that the token could be preparing for a deeper pullback. While the price remains above important support levels, chart patterns and broader market conditions are flashing early warning signs. Bearish Divergence on the Weekly Chart On the weekly timeframe, a …
The CRA, a key instrument used to bundle future cash flows from Brazil’s agricultural sector was recorded on-chain using the XRPL and its Ethereum-compatible EVM sidechain.
Bitcoin’s recent price action reflects a consolidation phase rather than a decisive move in either direction. After briefly touching an all-time high of over $123,000 earlier this month, BTC has seen a gradual pullback, currently trading around $118,000 at the time of writing. This represents a 1.1% drop in the last 24 hours and a 3.9% decline from its peak, as traders evaluate whether the current market structure suggests a continuation or a correction. According to new insights from CryptoQuant contributors, indicators present a split narrative. Some metrics suggest rising optimism among traders, while others indicate a more cautious and holding-focused environment. Related Reading: Trump Shares Viral Bitcoin Breakdown — Here’s What He Posted Surge in Long Positions Raises Contrarian Concerns CryptoQuant contributor BorisVest highlighted a notable spike in the long/short sentiment ratio on Binance, showing a growing preference among traders for long positions. This metric, which tracks the volume of long versus short positions on the exchange, has tilted significantly bullish within the $116,000–$120,000 price range. He noted that during Bitcoin’s previous consolidation between $100,000 and $110,000, sentiment leaned toward short positions, a setup that preceded a breakout to the upside and a wave of short liquidations. This time, however, the environment has flipped. BorisVest explained: Now that sentiment is skewed heavily toward longs, the same principle could apply in reverse. When the majority positions in one direction, it often creates a setup for the opposite move. The current range is acting as a trap zone, where traders’ expectations are repeatedly tested. The historical tendency for sentiment extremes to precede contrary price action has prompted some analysts to advise caution, suggesting that growing bullish bias could lead to a temporary reversal if met with enough liquidity pressure. Bitcoin Exchange Flow Patterns Reflect Investor Patience While Binance sentiment data leans bullish, another key on-chain indicator paints a different picture. CryptoQuant analyst Arab Chain examined the Bitcoin Flow Pulse (IFP) indicator, which tracks BTC movements to centralized exchanges. Related Reading: Bitcoin Must Defend This Key Support For $180,000 Year-End Target, Analyst Says According to the data, despite Bitcoin’s recent high above $120,000, there has not been a corresponding spike in exchange inflows, suggesting that investors are not rushing to take profits or exit the market. This behavior contrasts with historical cycles in 2017 and 2021, where price peaks were accompanied by large exchange inflows and followed by corrections. Arab Chain wrote: The market now shows a consolidating trend, with reduced selling pressure. The low flow to exchanges indicates confidence among holders and suggests that many participants are expecting the uptrend to continue. Still, he cautioned that a shift in the IFP indicator, such as a sudden rise in exchange flows, could act as an early warning for increased supply pressure. Featured image created with DALL-E, Chart from TradingView
The US Ninth Circuit Court of Appeals has reversed Yuga Labs’ $9 million reward in its trademark infringement suit against artist Ryder Ripps.
Solana has activated the SIMD-0256 proposal, raising the network’s block limit to 60 million Compute Units (CU) on the mainnet. Compute Units, comparable to Ethereum’s Gas, determine block processing capacity. This upgrade is designed to support higher transaction throughput and more complex applications. Developers anticipate further expansion, with block space possibly growing to 100 million …
Ripple CEO Brad Garlinghouse has warned XRP investors about a surge in scams exploiting the cryptocurrency’s all-time high. Fraudsters are using deepfake videos of Ripple executives and fake YouTube accounts to promote fraudulent XRP giveaways, deceiving victims into sending XRP with no returns. Ripple urges users to beware and report suspicious content, emphasizing that no …
Pumpfun co-founder Alon announced that the anticipated airdrop for $PUMP tokens will not occur in the immediate future. He assured the community that details about the airdrop will be communicated once they become available. The update comes as $PUMP holders await further developments around the project’s token distribution. Market participants are advised to stay tuned …
XRP price started a downside correction from the $3.650 zone. The price is now trading below $3.30 and remains at risk of more losses. XRP price started a downside correction below the $3.50 zone. The price is now trading below $3.450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3.30 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $3.050 zone. XRP Price Dips Further XRP price started a fresh decline after it failed to clear the $3.650 resistance zone, like Bitcoin and Ethereum. The price declined below the $3.450 and $3.350 support levels. The decline was such that the price traded below the $3.120 level. A low was formed at $3.050 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $3.650 swing high to the $3.050 low. The price is now trading below $3.450 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3.30 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.2320 level. The first major resistance is near the $3.2650 level. A clear move above the $3.2650 resistance might send the price toward the $3.350 resistance or the 50% Fib retracement level of the recent decline from the $3.650 swing high to the $3.050 low. Any more gains might send the price toward the $3.450 resistance or even $3.50 in the near term. The next major hurdle for the bulls might be near the $3.650 zone. Another Drop? If XRP fails to clear the $3.350 resistance zone, it could start another decline. Initial support on the downside is near the $3.150 level. The next major support is near the $3.120 level. If there is a downside break and a close below the $3.120 level, the price might continue to decline toward the $3.050 support. The next major support sits near the $3.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.120 and $3.050. Major Resistance Levels – $3.250 and $3.350.
Trump’s World Liberty recently purchased 561 Ethereum (ETH) tokens for approximately $2 million at an average price of $3,567. The investment adds to its existing holdings of 76,849 ETH valued at $281 million, acquired at an average price of $3,291. With current market prices, the portfolio reflects an unrealized profit exceeding $28 million. World Liberty …
The Bitcoin market is experiencing a notable surge in long-term holder activity, with the Monthly Cumulative Distribution Days (CDD) to Yearly CDD ratio hitting 0.25—levels reminiscent of past peaks in 2014 and 2019. This ratio signals that experienced holders are actively moving dormant coins onto the market. Even though more long-term holders are selling their …
The US Ninth Circuit Court of Appeals has overturned Yuga Labs’ $9 million trademark infringement award against artist Ryder Ripps and Jeremy Cahen. The court ruled that Yuga had not proven consumer confusion over Ripps’ “Ryder Ripps Bored Ape Yacht Club” NFTs allegedly mimicking Yuga’s Bored Ape Yacht Club collection. The lawsuit now returns to …
FTX will begin distributing the next batch of creditor claims on September 30 after a bankruptcy court approved reducing the claims reserve by $1.9 billion. Eligible claim holders must be on record by August 15. To date, FTX has distributed around $6.2 billion to former customers. The upcoming payouts will be handled through BitGo, Kraken, …
On July 23, Ethereum spot ETFs recorded a net inflow of $332 million, sustaining a 14-day streak of consecutive inflows. Notably, BlackRock’s ETHA led with a single-day net inflow of $325 million. In contrast, U.S. Bitcoin spot ETFs experienced a net outflow of about $86 million and have now seen outflows for three straight days. …
Large long liquidations often signal panic bottoms, while short liquidations may precede a squeeze.
The crypto market is experiencing a dip today, and many are wondering what’s behind the sudden bearish shift. From large-scale liquidations to shifts in Bitcoin dominance, several factors are contributing to this market-wide correction. Bitcoin is currently trading at $118,514, showing a mild 0.11% gain in the past 24 hours and a 0.35% gain over …
A crypto executive says it is “difficult to pinpoint” exactly where XRP is going, but reclaiming levels above the current all-time high is not off the table.
Ethereum price started a downside correction from the $3,850 zone. ETH is now moving lower but might find bids near the $3,520 support zone. Ethereum started a downside correction below the $3,770 level. The price is trading below $3,680 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,670 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,550 zone in the near term. Ethereum Price Holds Support Ethereum price failed to extend gains above the $3,850 level and started a downside correction, like Bitcoin. ETH price traded below the $3,800 and $3,770 support levels. There was a move below the 50% Fib retracement level of the upward move from the $3,480 swing low to the $3,859 high. The decline was such that the price even dived below the $3,660 level and the 100-hourly Simple Moving Average. However, the bulls were active near the 76.4% Fib retracement level of the upward move from the $3,480 swing low to the $3,859 high. Ethereum price is now trading below $3,680 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,670 level. There is also a key bearish trend line forming with resistance at $3,670 on the hourly chart of ETH/USD. The next key resistance is near the $3,770 level. The first major resistance is near the $3,800 level. A clear move above the $3,800 resistance might send the price toward the $3,850 resistance. An upside break above the $3,850 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,000 resistance zone or even $4,200 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,670 resistance, it could start a downside correction. Initial support on the downside is near the $3,600 level. The first major support sits near the $3,570 zone. A clear move below the $3,570 support might push the price toward the $3,520 support. Any more losses might send the price toward the $3,450 support level in the near term. The next key support sits at $3,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,520 Major Resistance Level – $3,670
The order requires "ideological neutrality" and bans DEI-aligned large language models from government contracts.
Ripple warns that bad actors are stealing YouTube accounts and using them to impersonate the firm to shill their scams, including fake “XRP giveaways.”
Ethereum (ETH) is attempting to reclaim its most critical resistance after registering a nearly 70% rally in the past month. Some crypto analysts suggest that the King of Altcoins is preparing to aim for new highs, but warned a potential pullback might come first. Related Reading: PENGU Leads Top Memecoin List Amid 20% Daily Surge – What’s Behind The Rally? Ethereum Risks 15% Correction Ethereum started the week hitting a yearly high and recording a 178% recovery from the April lows. The cryptocurrency has seen a significant rally over the past few weeks, following its price breakout and consolidation between May and June. As the crypto market started to soar again this month, driven by Bitcoin’s climb to new all-time highs (ATHs), ETH reclaimed the crucial $3,000 barrier and has continued to rise to its most critical resistance around the $3,800 area. On Monday, Ethereum reached its yearly high of $3,860 before being rejected and retracing to the $3,600 area. Following this performance, analyst Ali Martinez suggested that the $3,835 resistance and the $3,490 support will likely determine Ethereum’s next move. Notably, the $3,825 area sits as the largest resistance ahead, where 2.82 million addresses have bought 1.48 million ETH. Reclaiming this level would set the stage for a rally to the cycle high of $4,107. Meanwhile, the $3,490 area, where 4.18 million addresses bought 3.53 million ETH, remains the largest support after the recent breakout. A strong rejection from the key resistance could send the price toward this area if the current levels don’t hold. Market Watcher Andrew Crypto considers that Ethereum will likely see a correction soon, as “a chart without a correction isn’t a healthy chart.” To the analyst, the cryptocurrency could be headed to its yearly opening (YO) area, between $3,300-$3,400, after being rejected from the local supply zone and major resistance. Nonetheless, he forecasted a bounce and retest of the $3,800 mark if the pullback occurs. ETH To Repeat Past Cycle’s Playbook? Analyst Crypto Bullet suggested that Ethereum’s performance resembles its price action from last cycle. According to the post, ETH’s chart is starting to form a Descending Broadening Wedge pattern, “almost identical” to its setup from 2019-2020. To the analyst, “The picture looks very bullish right now” as price is testing the pattern’s resistance for the third time. He believes it will break out this time, similar to what happened in 2020, and eyes a cycle top target between $8,000 and $10,000. Crypto Bullet warned that a 10%-15% pullback to the $3,300-$3,400 area could come first, but added that “If we do break this formidable Resistance, ETH will rally hard. In this case, a new ATH is guaranteed.” Similarly, Merlijn The Trader highlighted the similarities between Ethereum’s rally in 2017 and 2025, as the King of Altcoin shows the “Same range. Same fakeout. Same breakout.” Related Reading: Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates The trader noted that ETH retested the key resistance twice in 2016-2017 before breaking out and recording a 5,000% rally. To him, the cryptocurrency could have a similar performance this cycle as institutions are “behind the wheel.” As of this writing, ETH is trading at $3,698, a 21% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
US crypto watchers are on edge. A new policy report is set to land before the month ends – and it could reshape how digital assets fit into the US government’s plans. Related Reading: PEPE Sparks Google Frenzy With 300% Surge In Search Interest Working Group Sets Release Date According to an X post by Bo Hines, the President’s Digital Asset Working Group wrapped up its 180‑day study and will publish the findings on July 30. Based on reports, the group was originally expected to unveil the report around July 22, following an executive order in January by US President Donald Trump. That order asked the team to sketch out how a Strategic Bitcoin Reserve might work. The report should spell out how much Bitcoin the US holds today. Those coins come from law enforcement seizures over recent years. Policy wonks and investors alike want to know whether the federal stash is just a data point or the start of a bigger reserve plan. Strategic Bitcoin Reserve Insights Inside sources say the document will cover the nuts and bolts of setting up a national digital‑asset fund. It’s likely to recommend using existing seized coins first. Then it could suggest budget‑neutral methods—like moving assets from other funds—to buy more Bitcoin. There’s talk of tapping nearly 200,000 BTC that authorities have captured so far. Security, storage and audit rules will also get attention, since a reserve needs tight guards and clear accounting. The executive order hinted that the reserve would use only lawfully obtained coins. It didn’t detail how long the government must hold them before selling, but some drafts mention a 20‑year holding period for stability’s sake. If that sticks, it would mirror long‑term strategies used for gold and other strategic resources. Related Reading: PENGU Heats Up: Nearly $600M In Open Interest Sparks Rally Talk Congressional Moves On Crypto On the Hill, Congress isn’t sitting still. Trump recently signed the GENIUS Act, which lays out rules for banks, credit unions and trusted non‑banks to issue stablecoins. At the same time, the Senate Banking Committee just rolled out a crypto market structure bill. That proposal aims to decide who’s in charge—whether it’s the SEC or the CFTC—and how to protect everyday users. Beyond those measures, Senator Cynthia Lummis has reintroduced the BITCOIN Act. It would direct the Treasury to buy 1 million BTC over five years. Investors see a clear upside if both executive and legislative moves line up. More government buying could add heavy demand to Bitcoin’s market. Yet some experts warn that holding such a volatile asset on a government balance sheet carries its own risks, from price swings to security costs. Featured image from Pexels, chart from TradingView
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Aims Another Increase Bitcoin price started a correction phase from the $120,250 resistance zone. BTC dipped below the $118,500 level and tested the $118,000 zone. There was a move below the 50% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high. However, the bulls were active near the $117,500 support zone. There is also a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $118,600 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,300 level. The first key resistance is near the $120,000 level. The next resistance could be $120,250. A close above the $120,250 resistance might send the price further higher. In the stated case, the price could rise and test the $122,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200. Another Decline In BTC? If Bitcoin fails to rise above the $120,250 resistance zone, it could start another decline. Immediate support is near the $118,500 level and the trend line. The first major support is near the $117,200 level or the 76.4% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high. The next support is now near the $116,250 zone. Any more losses might send the price toward the $115,000 support in the near term. The main support sits at $113,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $118,250, followed by $116,250. Major Resistance Levels – $119,250 and $120,250.
Horizen has moved its native ZEN coin from its Layer 1 blockchain to the Base blockchain as a standard ERC-20 token.
Ethereum fell 4% and XRP dropped 12.7% over the past 24 hours, with several other major altcoins also posting losses.
PENGU is finally getting serious consideration this week, with indications of strength straight out of the derivatives market. Open interest has spiked to $591 million, while overall derivatives volume detonated to more than $4.43 billion. That’s a 35% jump in open interest and a massive 291% spike in volume, based on data from Coinglass. Related Reading: PEPE Sparks Google Frenzy With 300% Surge In Search Interest This kind of sharp increase in activity suggests traders are becoming more aggressive. Many are either betting on higher prices or preparing for big moves in both directions. For now, the momentum favors the bulls. Strong Price Holds Support As Traders Build Positions Price-wise, PENGU has been steady above $0.036 after reclaiming the key $0.033 level. It’s currently trading at $0.041. Its relative strength index is sitting at 64.04—well above neutral, but not yet in overbought territory. That’s a good sign for bulls hoping for more upside without triggering a correction too soon. Volume Spikes Add Fuel To Momentum Traders are now watching the $0.038 level closely. That’s just below the Fibonacci 1.618 extension, which sits at $0.03846. If PENGU manages to break above it, more traders could jump in, especially with the derivatives side already heating up. More than 38 million PENGU tokens were exchanged in the past 24 hours, underpinning the strength of the move. The bullish configuration is also aided by support levels near the 0.786 Fib, 0.618, and 0.5 regions. These are areas where buyers have intervened in the past, and they might do the same if prices retract. There are no signs of bearish divergence on the RSI, and each dip has been followed by quick recoveries. That keeps the overall trend in favor of the bulls. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now PENGU Open Interest Up Open interest increasing along with price generally indicates that traders are supporting the move with conviction. But this also makes the market more prone to sudden changes. With $591 million invested in open positions, even a minor pullback could cause a mass of exits. That’s the danger when too much money rushes in too fast. $PENGU break-out/retest pic.twitter.com/EVJaryQzzs — Muro (@MuroCrypto) July 22, 2025 Another Move Upward? PENGU Pudgy Penguins is making another move upward. Crypto analyst Muro’s latest 15-minute chart reveals a sharp push through the downward trendline that kept price in check throughout the prior day. That breakout—paired with a successful retest and bounce—typically marks a change in momentum, hinting that the bulls may be back in control. Featured image from Unsplash, chart from TradingView
The sharp decline in PUMP's value highlights the volatility and investor uncertainty in the crypto market, impacting future token launches.
The post PUMP crashes over 50% post-ICO as founder says airdrop not coming soon appeared first on Crypto Briefing.
PayPal World will link major domestic digital wallets, but legacy constraints could limit its challenge to stablecoins, Decrypt was told.
Beijing once warned of stablecoin risks. Now it’s turning to them to help stem the growth of U.S. dollar-pegged tokens in Asia.