Tesla's Q2 2026 earnings report may influence crypto and automotive markets, with projected record deliveries and a focus on Bitcoin holdings.

The post Tesla’s anticipated Q2 2026 earnings report: Trading community weighs in appeared first on Crypto Briefing.

Science Corp's PRIMA retinal implant gains EU approval, marking progress in neurotech market. Aims for $100M annual revenue to prove viability.

The post Science Corporation’s vision-restoring chip receives EU approval appeared first on Crypto Briefing.

US commits $5B to AI research under the Genesis Mission. NVIDIA as largest company by market cap on July 31, 2026 at 86% YES.

The post US commits $5B to AI research under Genesis Mission, boosts tech sector prospects appeared first on Crypto Briefing.

Odds for the Clarity Act being signed into law in 2026 have dropped after bill amendments. Clarity Act signed into law in 2026 at 36.5% YES.

The post Clarity Act odds drop after bill amendments, Polymarket data shows appeared first on Crypto Briefing.

Senate Republicans update the Clarity Act with crypto ethics rules, aiming to clarify US digital asset regulation and set high ethical standards.

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Bitcoin Magazine

New Clarity Act Draft Would Bar Trump and Officials From Issuing Crypto, With a 2029 Sunset

Senate Republicans released an updated version of the Clarity Act on Wednesday, a draft that for the first time carries a crypto ethics agreement barring the president, vice president, members of Congress, federal judges, and other covered officials from issuing or sponsoring digital assets.

The new Clarity Act text, posted after morning briefing calls with stakeholders, adds a section titled “Ban on certain digital asset transactions.” It states that a covered individual “shall not, in exchange for consideration,” issue or sponsor a digital asset, a prohibition that reaches public officials and employees during their service, and their spouses. 

A companion clause bars the listing of any digital asset found to be issued or sponsored by a covered individual in violation of the ban.

The bill offers a safe harbor. A covered individual would avoid violation by placing a direct interest in a digital asset in a qualified blind trust, divesting it, or both, along procedures that track the ethics-agreement rules under section 208 of title 18. 

A separate carve-out protects continued use of a covered individual’s name, image, or likeness when an issuer or intermediary used it before the person entered covered status.

The ethics package carries an expiration date. Under the draft, the provisions have no force after noon on January 20, 2029, and no person faces penalty after that sunset for conduct on or before it. The timing lines up with the end of the current presidential term.

Clarity Act dispute over President Trump’s crypto efforts

The ethics language answers a months-long Clarity Act dispute over President Trump’s crypto ventures, which a July financial disclosure tied to about $1.4 billion in 2025 income through the $TRUMP token and World Liberty Financial. 

Eleanor Terrett reported the package was negotiated between the White House and Republican Senators Cynthia Lummis and Bernie Moreno, and that it does not carry Democratic sign-off. 

Democrats on the Banking Committee had pressed for enforceable conflict-of-interest rules, and an amendment to bar officials from crypto ties failed during the May markup of the Clarity Act.

Beyond ethics, industry sources say the Blockchain Regulatory Certainty Act stays intact from the committee version. The BRCA holds that non-custodial developers and infrastructure providers are not money transmitters for building or maintaining decentralized networks, a protection the industry has pushed to preserve. 

Further amendment details

The Lummis-Grassley amendment keeps criminal liability for anyone who “knowingly” facilitates illicit transactions, and the Keep Your Coins Act preserves the right to self-custody.

The stablecoin-yield section holds the Tillis-Alsobrooks compromise: a ban on interest paid on idle payment-stablecoin balances, with room for rewards tied to activity such as transactions or staking, as long as those rewards do not function as interest on a bank deposit.

A new section of the Clarity Act builds out law enforcement tools. It raises funding for state and local crypto investigations and blockchain analytics, sets up training for police and prosecutors, creates a “cyber center” against nation-state actors such as North Korea and Iran, and forms a public-private task force on fraud. 

It also requires stablecoin issuers to comply with lawful orders to freeze, seize, burn, and reissue tokens.

The text carries bankruptcy protections that treat customer digital assets as property of the customer rather than part of a failed company’s estate, a rule meant to head off another FTX-style loss.

The 616-page draft came from Republicans, and it lacks Democratic support for the moment. 

Senator Lummis thanked her “Democratic colleagues for their important contributions” and voiced a commitment to “reaching a deal in the coming days that will allow this legislation to become law.” Majority Leader John Thune plans a floor vote in the coming weeks.

The release caps a stretch of pressure to move the Clarity Act. The House passed its version in July 2025 on a 294-134 vote, and the measure has waited in the Senate since. 

The Senate Banking Committee advanced its text in a 15-9 vote in May. Coinbase and other firms have pushed for passage before the August recess, Treasury Secretary Scott Bessent put the effort at the “1-yard line,” and Trump has pressed the chamber to act.

This post New Clarity Act Draft Would Bar Trump and Officials From Issuing Crypto, With a 2029 Sunset first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Winklevoss Twins Donated $10 Million From Bitcoin Sale to Trump Super PAC

Crypto entrepreneurs Tyler and Cameron Winklevoss donated over $10 million after liquidating Bitcoin to American super PAC MAGA Inc., which supports President Donald Trump. 

A Tuesday filing shows each twin — the founders of the public crypto exchange, Gemini — donated over $5 million each. 

The donation comes about one month after the U.S. Commodity Futures Trading Commission asked a judge to vacate the agency’s $5 million penalty against Gemini.

The twins back in 2024 announced that they had donated 30.94 Bitcoin, valued at over $2 million at the time, to President Trump’s campaign, claiming it would “put an end to the Biden Administration’s war on crypto.” 

During the Biden Administration, regulators cracked down hard on crypto exchanges — including Gemini — but since President Trump took office, a number of lawsuits have been scrapped. 

MAGA Inc. has raised over $400 million in fresh cash ahead of November’s midterm elections. 

The Winklevoss twins are Bitcoin OGs

The Winklevoss Twins — who claimed they played a part in the creation of Facebook — founded crypto exchange Gemini in 2014 after being early Bitcoin backers.

Crypto industry observers have long speculated that the twins are two of the biggest Bitcoin holders in the space. 

The twins have long praised President Trump’s pro-Bitcoin and pro-business stance, claiming it’s crucial for the future of the crypto industry in the country. 

Tyler in particular emphasized the need for a political shift to prevent further harm to the industry and to restore an environment conducive to innovation and economic growth.

“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” he said back in 2024. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth.”

Back in May, Gemini shares jumped over 20% in after-hours trading after the Winklevoss twins announced a $100 million Bitcoin-funded investment in the company alongside Q1 earnings showing 42% year-over-year revenue growth. 

The quarter’s results included a narrowed net loss of $109 million and a sharp rise in services and credit card revenue, though trading volumes had fallen from a year earlier following Bitcoin’s crash from its October peak. 

The rally followed months of turmoil for Gemini, including layoffs, executive departures, shareholder lawsuits, and a stock price that had dropped more than 89% from its IPO high, partly offset by a CFTC derivatives license granted in April.

This post Winklevoss Twins Donated $10 Million From Bitcoin Sale to Trump Super PAC first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do?

American investors have thrown fresh cash at Bitcoin exchange-traded funds over the past six days, helping the price of the top cryptocurrency to rise again. 

Data from Farside Investors shows that close to $1 billion has been pumped into the funds since Tuesday last week. 

The price of Bitcoin was recently trading at nearly $65,860, down slightly over the past 24 hours but up 1% over a seven-day period. The leading cryptocurrency touched a weekly high yesterday of $66,891. 

Funds managed by BlackRock, Morgan Stanley, and Grayscale have taken in over $930 million in the six-day streak after weeks of lacklustre flows and sloppy price action. 

Bitcoin is currently nearly 50% below its October record of $126,080 after a massive liquidation event, war in the Middle Eastern and inflation all weighed the cryptocurrency down. 

Bitcoin upside potential?

Analysts remain wary of digital assets’ future price path as markets reckon with a re-escalation of the Trump administration’s war with Iran and inflation. 

European asset management firm CoinShares last week said that while investors are back at putting fresh cash in Bitcoin via the exchange-traded products, other factors may hold digital asset markets from going higher. 

“We have said for some time that Bitcoin has probably reached, or is close to, its floor,” James Butterfill, head of research at CoinShares, wrote. “But we see no significant upside potential from here.”

Current macroeconomic headwinds, such as the US bombing Iran and rising oil prices, could see inflation go up again. The price of Bitcoin has typically done well on news that inflation is coming down because investors expect interest rates to come down.

And another report by NYDIG last week claimed that the asset’s current slump is down to supply mechanics rather than risk sentiment. 

The report revealed that Bitcoin’s year-to-date performance makes it the worst-performing asset — losing out against US treasuries, silver, and currencies like the Swiss Franc. 

It added that if Bitcoin’s price action were to match other drawdowns — like the bear market of 2022 — a “potential cycle low near $38k-$39k” was possible.

This post Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do? first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Coinbase Settles FOIA Fight With the SEC Over Gensler’s Vanished Texts

Coinbase has settled its Freedom of Information Act lawsuit against the Securities and Exchange Commission, closing a years-long fight that came to rest on a batch of text messages the agency admits it destroyed. 

Chief legal officer Paul Grewal disclosed the deal in a Wall Street Journal op-ed on Wednesday.

Under the terms, Grewal wrote, the SEC will pay $150,000 and repair its record-retention policies. 

The story behind the settlement is what gives it weight. Coinbase filed FOIA requests in 2023 for records that might show how the SEC decided to treat crypto as securities, the same question at the center of the enforcement suit the agency brought against the company that June. 

Rather than hand over the files, the SEC denied the requests, and the case dragged into court.

The SEC’s own inspector general found that close to a year of former Chair Gary Gensler’s text messages, from October 2022 to September 2023, had been wiped after the agency reset his phone before a backup was made. 

That window covered the collapse of FTX and the agency’s hardest push against crypto exchanges. The watchdog found that 38% of the recovered texts touched agency business, including a May 2023 exchange on the timing of enforcement against trading platforms.

SEC should play by the same rules: Coinbase

Grewal built his case on a point that needs no legal training to feel. Under Gensler, the SEC had levied more than $1 billion in fines on financial firms for losing employee messages, and had said “everybody should play by the same rules.” 

Yet it lost its own chair’s texts during the most consequential stretch in crypto’s short history. “The Gensler SEC destroyed documents they were required to preserve and produce,” Grewal wrote when the report landed. “We now have proof from the SEC’s own Inspector General.”

For Coinbase, the value was never the documents alone. The company had cast its transparency suits, including a challenge to the SEC and FDIC over pressure on crypto’s banking access, as proof that regulators leaned on the industry without clear rules. The SEC’s own case against Coinbase fell away in early 2025 under a new administration and a new chair.

The settlement doubles as a personal coda. Grewal, the lawyer who steered Coinbase through years of combat with the SEC, plans to leave the company at the end of July. 

He closes this chapter with a small check, a promise of better filing habits, and a story the industry will carry for a long time: that the recordkeeping enforcer could not keep its own records.

This post Coinbase Settles FOIA Fight With the SEC Over Gensler’s Vanished Texts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

VanEck: Bitcoin’s Summer Lull Masks a Tightening Supply Base

Bitcoin spent the past month in a holding pattern around $63,700, and VanEck’s latest Bitcoin ChainCheck reads the setup as a cautious pause rather than a bottom, with derivatives flashing fear, miner economics near multi-year lows, and long-term holders tightening their grip.

The mid-July report frames the moment as consolidation, not recovery. Bitcoin closed July 12 at $63,742, flat against a month earlier yet 33% off its six-month high and 14% below its 200-day moving average near a bitcoin price of $74,000. 

The pause caps two monthly declines, a 3.6% dip in May and a 20.5% drop in June. 

Trading thinned into the summer. Spot volume averaged about $5.1 billion a day over the 30-day window, down near 29% from the post-2019 norm, a softness the firm notes has marked June through August in each of the past six years. 

Realized volatility fell to 30.4% on an annualized basis, under the trailing-year 43% level and well beneath the long-run average near 81%.

Derivatives flash fear, not panic

VanEck reads the derivatives complex as defensive. The one-month put/call implied volatility skew widened to +11.4 percentage points, an 83rd-percentile mark since 2021, and traders appear content to fund put purchases with the sale of calls. 

The firm reads that as fear rather than capitulation. Total options premium eased 23% to $613.6 million, and the put/call premium ratio climbed to 1.49, against an average near 0.71.

Perpetual-futures funding tells a similar story. The rate sits near +4.5% on a 30-day average, about half the long-run +8.4%, a sign that positioning stays far from bullish after a spring stretch in which traders were paid to hold shorts. 

VanEck maps both signals to below-average forward returns across the 30-to-180-day window. It flags two markers of a true bottom that have not arrived: a skew past +15 points, or funding that flips negative. Until one appears, the firm sees near-term downside pressure over a quick rebound. 

VanEck has pointed to negative funding as a bullish tell in past notes.

Bitcoin ETP outflows and shaken treasury confidence

Demand ran negative on the month, a drop the report ties to exchange-traded product outflows. U.S. spot ETPs shed 40,010 BTC, worth about $2.40 billion, while corporate treasuries added 2,343 BTC and miners kept 1,204 BTC. Exchange balances rose to fill the gap. 

The report also charts shaken confidence among digital asset treasuries after Strategy used $1.38 billion to retire convertible notes, a move that left the company with a $900 million reserve and pushed it to its first bitcoin sales since 2022. Those sales, VanEck writes, fed the negative flows across the treasury cohort.

The on-chain picture cuts the other way. The share of bitcoin held longer than a year reached 60.8% of supply, a figure that has climbed through the price drop from 59.1% six months earlier. Another 17.7% of supply sits in the six-to-twelve-month band, coins that graduate into the long-term bucket if they stay put. 

VanEck projects the long-term share reaches about 62% in three months and nears 63% in six. Regimes with a long-term share above 60% and rising have lined up with above-average returns across horizons in the firm’s tests, an echo of its prior finding that whales kept holding through the selloff. 

Selling, the report finds, concentrates in the middle of the age curve, while the youngest and oldest coins stay still. Profitability metrics run cold, with net unrealized profit at the 17th percentile and 53% of supply in profit against a four-year average of 76%.

Miner economics near multi-year lows

Miner economics form the report’s grimmest section. Network hash rate held near record highs around 930 EH/s as price fell, a mix that pushed implied hashprice to about $30.6 per petahash per second per day, near multi-year lows. 

Daily miner revenue averaged $28.5 million, down 39.5% year over year, a level that puts lower-efficiency rigs at or below breakeven. Miner-held bitcoin stayed near 1.785 million, a sign of steady sales of new coins over capitulation.

The pivot to artificial-intelligence hosting runs through the section. VanEck highlights TeraWulf’s 20-year, $19 billion lease with Anthropic and CleanSpark’s $6.6 billion deal as top unlevered yields, part of a build-out the firm has tied to a $50 billion near-term funding gap. 

Miner equities have dropped about 42% from 52-week highs on higher rates, a New York pause on data-center construction, and doubt over AI returns. 

The firm keeps its conviction, and points to richer contract terms, new AI deals, and hyperscaler spending as reasons the de-rating overstates the risk. 

It also notes bitcoin correlation across the group has stepped down, a sign the market prices the names on their own merits. That optimism is not universal across the market; some analysts have argued an AI pivot alone will not rescue struggling miners.

VanEck sees a market that leans toward soft returns over the near term, held back by cautious derivatives and weak miner cash flow, yet supported by a supply base that keeps tightening. For patient holders, the firm writes, the structural picture stays constructive.

This post VanEck: Bitcoin’s Summer Lull Masks a Tightening Supply Base first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Galaxy Digital pledged up to $5 million on July 21 to help Bitcoin prepare for the quantum era. The initiative will back developers as they reach key milestones, while supporting research and a Quantum Advisory Council.

Quantum computers cannot crack Bitcoin’s signature security today, but the program aims to get migration work moving before that threat becomes real.

The initiative targets several links in the transition chain: review of quantum-resistant transaction proposals, post-quantum signature integration, formal security audits, and software and institutional migration tools.

Funding can accelerate those workstreams, but Bitcoin's decentralized governance still requires developers, miners, node operators, wallets, exchanges, custodians and users to coordinate an upgrade that Galaxy says could take years to design, test and deploy.

The technical risk has two windows. A sufficiently powerful quantum computer could use Shor's algorithm to recover a private key from an exposed elliptic-curve public key and forge a valid signature. Keys already visible onchain give an attacker a long window. Most Bitcoin spends also reveal a public key while the transaction waits in the mempool, creating a shorter window for a faster attack.

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Dec 19, 2025 · Liam 'Akiba' Wright

Draft BIP 360 identifies pay-to-public-key, bare multisignature and Taproot outputs among those exposed for long periods. Address reuse, extended public keys, and wallet descriptors can also reveal vulnerable material. Hash-protected outputs keep the public key hidden until spending or another disclosure.

BIP 360 would use a soft fork to add a new Pay-to-Merkle-Root output. Known as P2MR, it drops Taproot’s key path, limiting long-term exposure and leaving room for stronger signature schemes later.

The proposal remains a draft and covers only the first exposure window. Defending a transaction after its key appears in the mempool may require post-quantum signatures.

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That is where Galaxy's grant program could help move research into reviewed code and migration tooling, but funding cannot select Bitcoin's final design or schedule its adoption.

A second proposal, BIP 361, illustrates the operational scale. The draft informational BIP depends on a still-unspecified post-quantum signature proposal and sketches a roughly five-year, two-phase transition after activation. Its timetable is one scenario, not an adopted roadmap.

After a design is chosen, the network would still need proposal and signature review, audits, wallet and node releases, institutional upgrades, and holder migration. Users need time to move funds into protected outputs while existing signatures remain safe to use. Each dependency makes a last-minute response harder.

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Apr 16, 2026 · Gino Matos

Broader cryptography programs already work on multi-year horizons. NIST finalized three post-quantum standards in August 2024, including two for digital signatures, and urged early integration because migration takes time. Executive Order 14412 directs the Office of Management and Budget to require specified federal systems to use post-quantum signatures by Dec. 31, 2031.

Those federal rules cover only government systems and do not predict when quantum hardware will arrive. But they show why Galaxy is starting early. Bitcoin still needs a thoroughly reviewed signature design, broad community agreement, and enough time for users to move their funds, so the research and tools cannot wait until the threat is at the door.

The post Galaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives appeared first on CryptoSlate.

On July 22, US Senate Republicans released an updated version of the CLARITY Act, moving one of Washington’s most consequential cryptocurrency bills back toward a potential floor vote.

The updated text follows weeks of negotiations and seeks to establish a broad federal market-structure framework for digital assets in the United States.

The proposal addresses several disputes that have complicated its path through Congress, including ethics restrictions on federal officials, stablecoin rewards and the regulatory treatment of crypto developers and intermediaries.

Speaking on the legislation, Senator Cynthia Lummis said:

“I want to thank my Democratic colleagues for their important contributions to this draft, and express my commitment to reaching a deal in the coming days that will allow this legislation to become law. Consumer protection and pro-innovation policy aren't opposites — this bill proves it.”

Asset management firm Grayscale also stated that the bill would unlock the next wave of adoption for the emerging industry.

Republicans are expected to need Democratic votes to reach the 60-vote threshold required to overcome procedural hurdles in the Senate.

CLARITY Act's bans federal officials from issuing digital assets

The revised legislation would impose a new set of restrictions on the cryptocurrency activities of presidents, lawmakers and other senior federal officials, addressing a conflict-of-interest issue that has become one of the biggest obstacles to Democratic support for the CLARITY Act.

Under the proposal, the president, vice president, members of Congress, federal judges and other covered officials would be prohibited from issuing or sponsoring cryptocurrencies and other digital assets for compensation while in office. Their spouses would also fall under the restriction.

The legislation would go further by requiring covered officials to address cryptocurrency and digital-asset investments they already hold. They would have to sell affected holdings, place them in blind trusts they do not control, or use a combination of both approaches.

Crypto sales exceeding $1,000 would also have to be disclosed, adding digital-asset transactions to the financial activities subject to greater scrutiny while officials are in government.

The proposal would direct the Government Accountability Office to study whether additional gaps remain in federal ethics rules governing cryptocurrency and recommend further changes where necessary.

Enforcement would largely fall to the Justice Department, which would receive civil authority to pursue violations of the restrictions. The provisions would also extend to crypto intermediaries, allowing enforcement against exchanges that knowingly list digital assets issued or sponsored in violation of the rules.

The restrictions respond to months of pressure from Senate Democrats, who have argued that Congress should not establish new rules for the cryptocurrency industry without simultaneously addressing the ability of presidents, lawmakers and other officials to profit from businesses that could benefit from those policies.

Much of that pressure has centered on President Donald Trump and his family's growing involvement in digital assets.

Sen. Elizabeth Warren of Massachusetts, the top Democrat on the Senate Banking Committee, has repeatedly cited Trump's crypto ventures while demanding stronger conflict-of-interest provisions.

Those concerns persisted after the Banking Committee advanced CLARITY in a 15-9 vote in May. The committee version moved forward without the ethics protections Warren and several other Democrats had demanded, leaving the issue to be resolved before the legislation could attract broader support in the full Senate.

Trump's acceptance of the Republican proposal this week removes one source of uncertainty surrounding the negotiations by establishing what restrictions the White House is prepared to accept.

The language is unlikely to be final, however. Democrats have not signed off on the current wording and have already raised concerns about giving the Justice Department primary enforcement authority without providing a role for state attorneys general.

Further negotiations over the ethics section are expected as Republicans seek the Democratic votes needed to advance the broader CLARITY Act.

Developer protections survive as crime provisions expand

While lawmakers moved toward stricter rules for public officials, the revised draft also preserves protections for software developers that have generated a separate fight between crypto advocates and some law-enforcement groups.

The Blockchain Regulatory Certainty Act framework generally shields developers and infrastructure providers from being classified as money transmitters solely because they write software or maintain decentralized networks, provided they do not control users' assets.

The protection has become an important issue for DeFi developers, who argue that writing software without taking custody of customer money should not trigger the same regulatory obligations imposed on financial intermediaries.

The draft maintains a limit on that protection for people who knowingly facilitate illegal transactions, preserving a route for prosecutors to pursue criminal conduct rather than extending a blanket exemption to activity involving decentralized technology.

Republicans have paired those protections with a new package aimed at answering law-enforcement concerns about crypto crime.

The draft would provide additional resources for state and local investigations involving digital assets and expand access to blockchain-analysis tools.

It would also establish training programs for investigators and prosecutors and create a cyber-focused center to address threats connected to foreign actors, including North Korea and Iran.

A public-private task force would coordinate government and industry responses to cryptocurrency fraud, while stablecoin issuers would face requirements to comply with valid government orders involving actions such as freezing or seizing assets.

The changes build on an earlier Banking Committee version that already subjected digital-asset brokers, dealers and exchanges to Bank Secrecy Act requirements and contained safeguards for developers who do not control customer funds.

The combination reflects one of the central balancing acts in the Senate negotiations: preserving peer-to-peer software development while ensuring that those protections do not block investigations of money laundering, sanctions evasion and other crimes.

Stablecoin compromise avoids another reopening

Another dispute that threatened CLARITY earlier this year remains largely settled in the new draft, reducing the number of issues negotiators would have to renegotiate before a floor vote.

The stablecoin section keeps the compromise negotiated by Republican Sen. Thom Tillis of North Carolina and Democratic Sen. Angela Alsobrooks of Maryland.

Companies would be barred from paying interest merely because customers leave payment stablecoins sitting in an account. Rewards connected to qualifying activity, including transactions and certain other uses of the tokens, could continue as long as they do not function like interest paid on a traditional bank deposit.

The distinction emerged after banks warned that allowing stablecoin providers to offer deposit-like yields could pull money away from insured bank accounts, while crypto companies argued that a broad prohibition could eliminate loyalty programs and other activity-based incentives.

Meanwhile, the updated legislation also retains bankruptcy protections intended to clarify what happens to customers' digital assets when an exchange or custodian fails.

Customer assets covered by the protections would remain customer property rather than automatically becoming part of the bankrupt company's estate available to creditors. The distinction became a major issue after failures including Celsius and FTX exposed how differently customer claims could be treated depending on custody arrangements and contractual terms.

Those provisions address asset ownership and creditor treatment during insolvency, rather than preventing the fraud, liquidity problems, or management failures that can cause a crypto company to collapse.

What’s next for the CLARITY Act?

The revised text now moves the CLARITY Act into another round of negotiations, with lawmakers still needing to resolve disagreements over ethics and other provisions before Senate leaders can assess whether there is enough support for a floor vote.

The calendar adds pressure to those talks. The Senate is scheduled to begin its August state work period on Aug. 10, leaving less than three weeks for negotiators to settle outstanding issues, complete the necessary procedural steps and secure floor time.

No Senate vote on CLARITY had been scheduled as of press time.

Even if the bill clears the Senate, it would still face another legislative hurdle before reaching the White House.

The Senate has substantially revised the version passed by the House, meaning both chambers would need to reconcile their differences and approve identical language before the legislation could be sent to President Trump.

The post New CLARITY Act update bans officials including presidents from issuing or even holding crypto tokens appeared first on CryptoSlate.

Movement Labs raised $38 million in an April 2024 Series A led by Polychain Capital.

By July 22 this year, MVMT Labs’ bankruptcy filing showed just $100,001 to $1 million in estimated assets against $1 million to $10 million in liabilities, with 200 to 999 creditors listed.

After the company filed for Chapter 11 Subchapter V protection on July 15, creditors now face a more immediate question: which assets and claims remained with the debtor as Movement’s operating structure changed?

MVMT Labs was the company behind Movement Labs, the original developer of Movement Network. Its projects included the M1 and M2 blockchains, as well as Move Stack, an open-source framework for building networks with the Move programming language.

MVMT Labs is the only named debtor in Delaware case 26-11113-TMH. The Movement Network, Movement Network Foundation, Move Industries, Movement Limited and the MOVE token are not named debtors in the case.

Move Industries CEO Torab said on July 21 that MVMT Labs has no affiliation with Move Industries and that his company is not involved in the bankruptcy.

Torab supplied the current operator's account. The legal boundary still depends on court records and agreements. The Foundation's December 2025 announcement supports a change in operating roles while leaving the relevant ownership and transfer terms undisclosed.

The operating split predates the bankruptcy

Movement's present structure took shape during 2025, after a governance and market-making crisis and the departure of co-founder Rushi Manche.

Movement announced a reorganization under Move Industries in May. On Dec. 29, the Foundation said it had completed an operating change that made Move Industries its primary service provider.

According to that announcement, Move Industries assumed primary operating responsibilities for the network on the Foundation's behalf and acquired key employees. The Foundation described itself and its board as independent stewards, while Move Industries would build, operate, and grow the ecosystem for it.

The announcement leaves the transferor, consideration, and asset list unspecified. It establishes the operating roles the Foundation described, while ownership of bankruptcy-relevant rights remains unresolved.

A March 2026 Delaware Court of Chancery report described MVMT Labs as the technology-development company that created the Movement blockchain. It said MVMT launched MOVE in December 2024 through Movement Network Foundation and its subsidiary, Movement Limited.

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The bankruptcy docket index identifies a debtor-in-possession financing motion at Dkt. 19, a sealed exhibit at Dkt. 20 and Michael Robinson's first-day declaration at Dkt. 21. The captions do not reveal the financing amount or terms. They also do not explain Project Fenix, the operating-change consideration, MVMT's exact cash, ownership of IP and contracts, token interests, or insider and intercompany balances.

What enters MVMT's estate

Estate boundaries turn on MVMT's property interests.

Section 541 of the Bankruptcy Code creates an estate comprising the debtor's legal and equitable interests in property when the case begins, together with specified recoveries and proceeds. In MVMT's case, that could include cash, receivables, contractual rights, intellectual property, token holdings and legal claims, but only to the extent MVMT owns them.

Property owned outright by a separate non-debtor remains outside MVMT's estate even when it supports the same ecosystem. Only an ownership interest tying value to MVMT could bring the Foundation's property, Move Industries' property, or MOVE holdings into the estate.

Creditors can also benefit from claims that belong to the estate. Section 548 provides a mechanism to avoid qualifying transfers of debtor property or obligations made within two years before bankruptcy when the statute's tests are proved. The public docket index supplies no basis to classify the employee acquisition, service arrangement, Project Fenix, or another Movement-related transaction as qualifying.

The possibility still puts transaction documents at the center of the case. If MVMT transferred property before filing, creditors and the court will need to know what moved, what consideration MVMT received, and which rights it retained. Property that always belonged to another entity remains with that owner despite MVMT's role in creating the network.

A separate Chancery proceeding identifies a potential obligation without fixing its bankruptcy treatment. The March Rule 144 report concluded that Manche was entitled to advancement from MVMT for fees connected to a federal investigation, plus fees-on-fees and prejudgment interest. The report remains subject to exceptions and implementation and fixes neither an allowed bankruptcy claim nor a claim amount.

The schedules and statement of financial affairs should begin to show MVMT's cash, receivables, contracts, litigation claims, token holdings, insider balances and debts. Ownership and transfer disputes may continue beyond those disclosures.

Network activity leaves ownership unresolved

Movement's official documentation identifies mainnet as chain ID 126 and lists its public RPC. During a brief endpoint check at 11:59 UTC on July 22, the ledger version advanced from 180,558,734 to 180,558,762, and block height increased from 77,828,052 to 77,828,066 over about five seconds. The operator's status page simultaneously reported the mainnet, RPC, explorer, and indexer as operational.

At 12:21 UTC that day, CryptoSlate's MOVE market page showed the token at $0.011, down 93% since last July, with a market capitalization of about $44.26 million and $9.38 million in 24-hour volume.

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Those snapshots show the network and token were still moving. What they do not reveal is where MVMT’s property ended, and the wider Movement ecosystem began.

MOVE ownership by itself confers neither debtor nor creditor status in MVMT's case. A holder could have separate exposure through a claim against MVMT, while the token's market value could react to disclosures about assets, financing or litigation.

Builders and business partners will have to follow the paperwork. A responsive RPC shows that the network was available during the check. Each service, grant, license or commercial agreement still must be matched to MVMT, the Foundation, Move Industries or Movement Limited. The named counterparty may determine whether the agreement is implicated in Chapter 11 and whether another Movement entity has a claim against or obligation to MVMT.

For creditors, network activity and estate value are separate measures. Recovery depends on property MVMT owns, claims it can pursue, and any qualifying prepetition transaction it can challenge.

Four dates could clarify the boundary

The case calendar lists a Section 341 creditor meeting for Aug. 20, a second-day hearing for Aug. 27 at 11 a.m., a general claims deadline for Sept. 14, and the Subchapter V plan deadline for Oct. 13.

The Aug. 27 hearing may clarify the financing request. Schedules and other disclosures may illuminate the estate's assets and obligations, while objections could show whether creditors, the U.S. Trustee or the Subchapter V trustee contest a prepetition transaction or the asserted separation.

For now, the filing establishes a limited but important divide: MVMT Labs is the only named debtor, and the Movement Network remained operational after the petition.

Whether MVMT owns or can recover value tied to that ecosystem will turn on the disclosures, agreements, and court disputes that have yet to surface.

The post MVMT Labs bankruptcy lists under $1 million in assets after $38M raise appeared first on CryptoSlate.

U.S. prosecutors filed five civil-forfeiture complaints on July 21 seeking roughly $26.4 million in cryptocurrency traced through separate international fraud investigations.

Investigators can freeze suspected criminal proceeds before they know who is behind the scheme. They can then seek forfeiture while the search for suspects continues, with any final seizure and repayment to victims decided later.

The U.S. Attorney's Office for the District of Columbia said one investigation traced more than 270 suspected victim transactions involving fraudulent investment platforms. Another involved more than 200 romance-scam victims and hundreds of intermediary addresses used to commingle funds.

Across all five cases, DOJ said launderers were predominantly located in Southeast Asia, with associated IP addresses in China, Malaysia, and Cambodia.

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The fifth and smallest case shows the danger of repeat victimization. A person who had already lost money to an unrelated fraud was then contacted by scammers claiming they had recovered the stolen funds.

The victim paid a fee and sent a series of transactions before investigators traced some of those transactions. The complaint seeks about $285,000, and efforts to recover additional funds are continuing.

From restraint to restitution

A freeze is intended to prevent identified cryptocurrency from moving. A civil-forfeiture complaint starts the next legal step by asking a court to transfer ownership of the property to the government.

DOJ says civil judicial forfeiture proceeds against the property and does not require a criminal conviction. Still, prosecutors must prove its connection to criminal activity by a preponderance of the evidence. Filing a complaint therefore does not complete forfeiture or establish anyone's criminal guilt.

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DOJ described the five seizures as part of more than $800 million recovered through the Scam Center Strike Force.

A strike force program page, updated June 18, reported a different measure: $832.8 million in cryptocurrency restrained. The figures use different terms and dates, so they are not a before-and-after comparison or a victim payout tally. They show that the assets DOJ reports as recovered or restrained have reached the hundreds of millions of dollars, while leaving their final disposition unresolved.

Recovering the money does not automatically put it back in victims’ hands. Qualifying victims may later receive forfeited assets through DOJ’s remission or restoration process, which can also send funds to courts for restitution.

The July 21 announcement gave no distribution amount, eligible claimant list, or timetable for these five cases. What remains unresolved is whether the courts grant forfeiture, whom investigators ultimately identify, and how much of the cryptocurrency at issue eventually reaches victims.

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The post US targets $26.4 million in five crypto scam cases as DOJ says $800 million recovered appeared first on CryptoSlate.

The co-founders of Celsius, the bankrupt crypto lender, are now subject to permanent court orders that bar them from broad parts of the crypto and asset-services business.

The FTC put the founders’ combined obligations at $16.5 million, though Goldstein’s entered order lists $2.014 million.

Alexander Mashinsky and Shlomi Daniel Leon may not advertise, market, promote, offer or distribute products or services used to deposit, exchange, invest or withdraw assets, or assist in those activities.

Mashinsky's order covers assets generally, while Leon's expressly covers cryptocurrency, banking and financial assets. Both bans apply whether they act directly or through an intermediary.

Goldstein's order focuses on retail crypto. He may not advertise, market, promote, or offer for sale retail products or services used to buy, sell, deposit, withdraw, distribute, or trade cryptocurrency, or assist in those sales and marketing activities.

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All three orders also prohibit material misrepresentations about products and services. They bar obtaining or attempting to obtain customer information of a financial institution through false, fictitious, or fraudulent representations, including bank-account details, login credentials, private keys, and wallet information.

Mashinsky and Leon additionally must obtain express informed consent before disclosing consumers' nonpublic personal information.

Those restrictions track the conduct alleged in the FTC's 2023 complaint. The agency alleged Celsius was marketed as safer than a bank, promised withdrawals at any time, and advertised yields as high as 18.63% APY.

It also alleged the company claimed it had sufficient reserves on June 7, 2022, five days before freezing withdrawals and transfers. Celsius filed for bankruptcy on July 13, 2022.

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The bans follow the founders beyond Celsius and cover assistance they provide to others. Mashinsky and Leon’s orders also extend to work performed through intermediaries.

For years, the founders must file reports and keep records, giving the FTC a trail to follow and the court grounds to enforce the injunctions. The orders apply to these three founders and show how consumer-protection cases can place lasting limits on marketing custody, yield, and trading products.

Payments through DOJ forfeiture and Celsius bankruptcy settlements count toward the $16.5 million obligations.

Mashinsky's $10 million obligation can be satisfied through qualifying Justice Department forfeiture. Leon's $4.1 million obligation and Goldstein's $2.014 million clause credit qualify for payments or releases in the Celsius bankruptcy adversary proceeding.

The legal channels are separate but overlap economically, and the orders do not guarantee Celsius creditors an additional payout.

Money the FTC actually receives may fund consumer redress or related relief, with money not used for relief deposited in the U.S. Treasury.

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The post Celsius founders face permanent crypto bans that could cost more than their $16.5M obligations appeared first on CryptoSlate.

Bitcoin is having its best week in more than a month. A wave of institutional ETF buying, a regulatory breakthrough in Washington, and a shift out of "fear" sentiment have combined to push BTC back toward $67,000. Bitcoin crossed the important $65,000 resistance level as ETF inflows accelerated and the Crypto Fear and Greed Index exited the fear zone, trading at $66,267 on Wednesday — up nearly 15% from its lowest level this year. Here's what's actually moving the market.

How Much Have Bitcoin ETFs Bought This Week?

The headline number circulating on X is close to accurate. Spot $Bitcoin ETFs added $203 million in inflows on Tuesday, marking the sixth consecutive day of inflows and bringing the six-day total to over $928 million. That's nearly $1 billion in fresh institutional demand in less than two weeks.

The buying is heavily concentrated in the usual leaders. On July 21, Bitcoin hit $66,400 — its first time above $66,000 since June 17 — alongside five straight days of net inflows into US spot Bitcoin ETFs, the longest streak since early May, with roughly $727.3 million entering over five sessions and the final session alone bringing in $226.9 million, the best since July 6. Total Bitcoin ETF assets have surpassed $79 billion, up from about $71 billion in late June.

Why Does the ETF Flow Data Matter?

Because ETF flows are no longer just a sentiment gauge — they're a structural driver of price. The recent inflow run is meaningful precisely because of how deep the hole was. June 2026 alone saw $4.7 billion in outflows from Bitcoin ETFs, the largest monthly exodus since these products came to market, part of $8.2 billion in cumulative outflows during the early summer streak. Set against that backdrop, a six-day, near-billion-dollar reversal represents a genuine shift in institutional posture, not just noise.

Still, it's worth keeping perspective. Even after the recent inflows, 2026 ETF flows remain net negative at about $5.2 billion. The recovery is real, but it's filling a hole rather than breaking new ground — at least for now.

What Did Treasury Secretary Bessent Say About the CLARITY Act?

The second catalyst is regulatory. Bitcoin rose 2.5% at one point on Tuesday, inching toward $67,000, while shares of Coinbase climbed as much as 13% after Treasury Secretary Scott Bessent said lawmakers were at the "1-yard line" on the CLARITY Act, urging Congress to pass the landmark bill before leaving for recess.

The CLARITY Act is the market-structure bill crypto has been waiting on for over a year. It would split oversight of digital assets between the SEC and the CFTC, set disclosure rules for certain tokens, and extend anti-money-laundering and sanctions rules to crypto exchanges. The House passed its version a year ago, and the measure has waited in the Senate since.

Is the CLARITY Act Actually Going to Pass?

This is where the on-chain optimism meets political reality. Despite Bessent's football metaphor, the path is not clear. The bill needs 60 votes to pass the Senate, and Republicans only have 53 — meaning at least seven Democrats must cross over. Democrats have named their price: rules preventing the president and other senior officials from profiting off crypto.

The betting markets remain skeptical. Polymarket's contract on the CLARITY Act being signed into law in 2026 traded near 47% on Tuesday, up from a record low of 31% earlier this month but still short of a coin flip, while Galaxy Research had cut its passage odds to 50-50, citing the shrinking Senate calendar. With only 14 working days remaining before the recess, even supportive senators are hedging on timing.

What About the Macro Backdrop?

The broader risk picture is more mixed than the bullish crypto posts suggest. Oil has been climbing on geopolitical tension, with US-Iran friction pushing WTI crude to multi-week highs — the kind of energy-price and geopolitical stress that has historically weighed on risk assets, even as Bitcoin has so far shrugged it off this week. Traders should watch whether that resilience holds if tensions escalate further.

Bitcoin Price Analysis: Key Levels to Watch

With $BTC near $66,000–$67,000, analysts are watching the next resistance band closely. For a sustained uptrend, Bitcoin needs to hold above the $65,000–$65,500 range. Above current levels, the technical picture is unusually clean: Glassnode data shows only about 1% of Bitcoin supply last changed hands between here and $70,685 — meaning little overhead supply stands in the way of a move higher.

Bottom line: Two catalysts are firing at once — a near-billion-dollar ETF inflow streak and a regulatory bill inching toward the finish line. Both are genuinely bullish. But the ETF recovery is still net-negative year-to-date, and the CLARITY Act's Senate math remains unsolved. The momentum is real; the follow-through is not yet guaranteed.

The AI governance token DeXe (DEXE) just suffered one of the most violent collapses of the 2026 cycle. After printing an all-time high of $48.89 on July 13, the token free-fell to around $4–5, wiping out roughly 85% of its value and erasing billions in nominal market cap. DeXe is down 84.73% to $5.27 in 24h, dramatically underperforming a slightly positive broader market, primarily driven by a severe internal sell-off with no clear external catalyst. The speed and shape of the drop have flooded crypto forums with a single question: was this a rug pull?

What Happened to DeXe?

DEXE went parabolic in early-to-mid July before imploding. DEXE printed a record $48.89 on July 13, 2026, capping a roughly four-day run that started with the July 9 exchange listing. That all-time high capped a violent four-day run that began with an exchange listing and turned into a short squeeze.

From there, the token bled out in stages — first a 10% slide, then a 30% pullback, then a 58% plunge — before the final capitulation leg dropped it to single digits. DeXe (DEXE) plunged 58.13% today after a sharp reversal from recent all-time highs, as heavy selling pressure dominated the session even as its ongoing role as a governance and social trading token in the DeXe Network continued to attract attention. By the time the dust settled, the chart showed a near-vertical collapse from the mid-$30s straight through to the $4 handle.

Why Did DeXe Crash?

There is no confirmed hack or exploit on record. Analysts point instead to concentrated selling into a thin, over-extended market. The extreme drop appears driven by concentrated selling pressure, likely from large holders or panic exits. No specific hacks, partnership cancellations, or negative news were found in the data to explain the crash. 

The setup was fragile long before the drop. Traders were opening short positions on X as Dexe left its maximum coin supply unclarified for the future. The rally itself was built on mechanics rather than fundamentals: the recent price move was driven mostly by a listing catalyst and a short squeeze, so the fundamentals and the parabola are two separate stories that traders should not blur together. 

Skeptics had also flagged warning signs during the pump. Some noted that the white paper and GitHub hadn't been touched in many years, and one analyst framed DEXE as an old project from a previous cycle that's been heavily pumped again in this cycle — a classic profile for a run that ends in a sudden shakeout. 

Was DeXe a Rug Pull?

Strictly, "rug pull" means a team draining liquidity or dumping supply and abandoning the project. What's documented so far looks more like a parabolic blow-off top unwinding on concentrated selling than a confirmed developer exit — but the price action is behaving exactly like a rug. One community member described it as behaving like it got rugged, free-falling from $49 to around six dollars, and pointed to a stale white paper and GitHub as red flags. As of now, no on-chain evidence of a liquidity drain has been publicly confirmed, and the team has not issued a definitive statement. Traders should treat the "rug pull" label as an allegation, not an established fact.

DeXe Crash — Chart Analysis

The attached daily chart tells the story cleanly. DEXE ran from the $8 zone in April up through a stair-step uptrend, accelerating into a near-vertical spike toward the ~$48 all-time high in July. The final candle is the killer: a full-length red bar that opened around $36, wicked down and closed at $4.487, printing a −27.49% session on the chart shown and slicing straight through every intermediate support.

Two horizontal levels matter now. The $20.218 line (the old June consolidation shelf) offered zero support on the way down — price gapped through it in a single wick, a hallmark of a liquidity vacuum rather than orderly selling. The $5.681 level is the last visible structure holding price; a daily close below it opens air toward the low-$4s and below.

The RSI (14) confirms the exhaustion: it collapsed to 26.98, deep into oversold, after the yellow signal line spent the entire rally elevated. Oversold does not mean a floor — in a post-blow-off collapse, RSI can pin near lows for extended periods. Any bounce off $5.68 or $4.50 is more likely a relief pop than a trend reversal until price reclaims and holds higher structure.

Bottom line: DEXE went from a squeeze-fueled 18x parabola to an 85% collapse in days, on heavy selling with no confirmed exploit. Whether it's technically a rug pull or a classic pump-and-dump unwind, the outcome for late buyers is the same. Extreme caution warranted.

XRP is having a strong day. The Ripple-linked token climbed about 4% over the last 24 hours to trade near $1.13, and this time the move has real drivers behind it — a major regulatory win, widening institutional access, and a broader market lifted by a resurgent Bitcoin. The rally has also pushed $XRP above a descending trendline that has capped every attempt to recover since its $1.54 high.

Let's start with why it's moving, then look at what the chart says.

Why is XRP Price up today?

Three things are working in XRP's favor at once.

First, regulation. Ripple has secured full MiCA approval to operate across 30 European countries, which strengthens its appeal to banks and payment providers and removes a layer of uncertainty that had kept institutions cautious. Second, access is widening: investors can now buy 21Shares XRP through most brokerages without needing to hold the coin in self-custody — a meaningful lowering of the barrier for traditional money. Third, momentum from the broader market: XRP posted its fourth straight green daily close on Monday, with the move powered in large part by a rebounding Bitcoin dragging the majors higher.

Put together, that's a mix of structural and momentum drivers rather than a one-off spike.

XRP Price Analysis: Is XRP UP?

Now the technicals. From the $1.54 high, XRP carved out a clean downtrend — a series of lower highs, each rejected right at the same descending line (the yellow arrows on the chart mark those failed attempts). Price bottomed near the $1 support zone, bounced, got rejected at the trendline again, and pulled back.

Today breaks that pattern. The latest green candle has pushed through the descending line near $1.1361 instead of bouncing off it. That resistance has defined XRP's price action for roughly two and a half months, so clearing it is the first genuine technical win the bulls have had in a while. Analysts note the move also lines up with a symmetrical-triangle breakout that traders had been watching, with $1.13 as the key trigger level.

XRP Prediction: Where does XRP go from here?

Breaking a trendline is a start, not a confirmation. On the daily chart, XRP is still inside a larger descending channel, with the 100-day and 200-day moving averages sitting overhead around $1.12-$1.13 and again near $1.24. That makes the $1.24-$1.28 zone the real test — it lines up with both the channel's upper boundary and the major moving averages. Clear it decisively, and analysts see $1.35 coming into focus.

On the downside, support sits firmly around $1.02-$1.06, where buyers have repeatedly stepped in over recent weeks. A loss of that zone would undo the breakout and potentially expose the $0.88-$0.92 area.

The takeaway: XRP has fundamentals and momentum aligning with a technical breakout — but it needs to hold above $1.13 and eventually crack $1.24-$1.28 to turn today's move from a breakout attempt into a real trend reversal.

The crypto market has flipped green again. After weeks of Extreme Fear and a bruising sell-off, the total market capitalization has climbed back above $2.2 trillion, gaining roughly 1.7% in the last 24 hours. Bitcoin reclaimed the $65,000 threshold, rising 0.77%, while Ethereum surpassed $1,900 with a 1.54% gain. Most majors are participating, with $XRP, $Solana, and $TRON all posting modest advances alongside the two market leaders. 

So what's actually behind the move? Let's break it down.

Why is the crypto market up today?

The single biggest catalyst is a shift in inflation expectations. Market concerns over a potential resurgence in inflation are gradually subsiding, and this cooling has lifted both Bitcoin and Ethereum back above key levels. Crucially, this is happening despite ongoing geopolitical tension: crude oil prices have cooled even with the situation in the Middle East, which has helped fade fears of a second inflation wave. 

Since oil feeds directly into headline inflation, easing crude removes one of the market's biggest overhangs. Lower inflation pressure means the Federal Reserve has less reason to stay hawkish, and that improved macro backdrop is exactly the kind of environment where risk assets like crypto tend to perform.

Are institutions buying again?

Yes, and this is the structural part of the story. U.S. spot Bitcoin and Ethereum ETFs have reported consecutive net inflows, underscoring sustained institutional demand and renewed confidence despite lingering macroeconomic uncertainty. The disappearance of institutional demand was a major driver of the earlier correction, so its return is one of the more meaningful signals beneath today's price action.

Investor sentiment has shifted as both safe-haven and risk-tolerant capital flowed into liquid crypto assets — a sign that money is rotating back into the space rather than fleeing it.

Is this rally sustainable?

That's the key question. Sentiment has recovered from June's Extreme Fear lows but remains fragile, and the broader market still sits well below where it started 2026. For the move to hold, Bitcoin needs to defend the $65K–$66K zone as support rather than treat it as a ceiling, and ETF inflows need to stay consistent. Traders are also watching upcoming Fed signals and pending U.S. crypto legislation, including the CLARITY Act, as the next potential catalysts.

For now, the setup looks constructive: cooling inflation fears, returning institutional flows, and broad participation across majors rather than a single-coin bounce.

Want to trade the majors as sentiment turns? You can buy and hold crypto directly on Bitpanda using code CRYPTOTICKER.

Russia's push to bring digital assets into international commerce is moving forward, though not as quickly as first planned. After passing its first reading back in April, the government's crypto bill has been revised and cleared for its next stage. Russia's State Duma committee has approved a revised cryptocurrency regulation bill for its second reading, removing a proposed requirement to declare crypto wallet addresses while adding provisions for crypto-funded investments and new transfer controls.

The headline feature for businesses is unchanged: crypto stays banned for domestic payments but is permitted for cross-border trade. Meanwhile, Bitcoin is flashing strength of its own, closing above key long-term support for a third straight week. Below, we cover both the regulatory update and what the BTC chart is signaling.

Where does Russia's crypto bill actually stand right now?

It has passed one of three required readings. The bill, formally titled "On Digital Currency and Digital Rights," passed its first reading with 327 of 340 deputies voting in favor. Since then it has been reworked. Russia's Financial Markets Committee approved the revised bill for its second reading, with Chairman Anatoly Aksakov saying the proposal removes wallet address reporting while strengthening legal protections for crypto owners.

Importantly, the second-reading floor vote hasn't taken place yet. The committee endorsement was announced through Aksakov's Telegram channel, and records on the State Duma website had not yet been updated since the bill cleared its first reading in April. Two Duma readings, Federation Council approval, and a presidential signature are still required before it becomes law.

What changed in the revised bill?

Several things. The updated draft no longer requires cryptocurrency holders to declare wallet addresses; instead, users would only need to report wallet balances and transaction volumes. Aksakov said the revision is intended to reduce the risk of sensitive information being exposed in ways that could be used against Russia.

New investment and control provisions were also added. Investors would be allowed to purchase Russian securities and Digital Financial Assets using cryptocurrencies, and licensed Russian brokers and asset managers could eventually gain access to approved foreign crypto exchanges, subject to additional conditions. Retail investment limits remain unchanged, while the bill introduces a new provision allowing authorities to delay certain large outbound crypto transfers for up to two days. The retail cap holds at 300,000 rubles annually.

Why does the cross-border trade angle matter?

Because it hands Russian companies a settlement route outside sanctioned banking channels. The bill maintains crypto's ban for domestic payments while carving out its use in foreign trade and, in the revised text, covering investor eligibility, consumer protections, cross-border crypto transactions, and the use of digital assets in Russia's financial markets. The scale is significant: Russian exporters and importers moving goods across an estimated $240 billion in trade volume and facing payment friction would gain a legal pathway to settle contracts in cryptocurrency.

Only major assets are expected to qualify. Only cryptocurrencies with market caps above 5 trillion rubles (around $66.6 billion) and a five-year trading history would be eligible, with Bitcoin and Ethereum the expected first approvals.

When will the law take effect?

Later than originally targeted. Finance ministry official Alexey Yakovlev told Interfax the bill is largely ready but unlikely to be adopted by the initial July 1, 2026 target, having been sent back for committee review before its second reading. No firm replacement date has been confirmed, so the timeline now hinges on how quickly the remaining readings and approvals proceed.

Bitcoin Price Analysis: Why s Bitcoin Price UP?

Bitcoin just delivered its highest weekly close in five weeks. More notably, $BTC closed above its 200-week moving average support for the third consecutive week — resilience that stands out given the Nasdaq 100 fell more than 4% over the same period. That divergence from tech equities at a major support zone is exactly what bulls want to see.

The technical picture is constructive. The MACD has turned bullish, the RSI bullish divergence remains valid, and the Stochastic RSI is showing positive momentum. The bullish engulfing candle from three weeks ago is also still holding — a pattern that has appeared three times this cycle, each time followed by a strong rally.

Which Bitcoin levels matter most?

The map is clean on both sides. Resistance sits at $67,000, then $83,000. Support sits at $58,000, then $49,000.

Two scenarios stand out. If BTC holds above $58K, it could break toward $67K and then $83K. If instead BTC closes below $58K on the weekly chart, the next meaningful support is around $49K. With price currently trading near $64K, the $58K weekly close is the line in the sand to watch.

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TLDR

• Scripps names Dean Littleton president of media to lead TV operations
• SSP appoints new media chief overseeing local and national television units
• Dean Littleton takes charge of Scripps’ expanded television portfolio
• Scripps unifies broadcast operations under newly created media leadership role
• SSP strengthens media structure with new president overseeing TV business

The E.W. Scripps Company traded at $3.1350, down 3.83%, after the company announced a new media leadership structure. Scripps promoted Dean Littleton to president of media, creating a unified role across its television operations. The appointment places local stations, national networks, and streaming services under one executive.

The newly created position brings together Scripps’ enterprise television and broadcast activities. The company aims to improve coordination across its expanding video distribution platforms. The move reflects Scripps’ focus on strengthening its media operations across different audiences.

Littleton will oversee approximately 60 local television stations, Scripps Networks, and Scripps News. He will manage brands including ION and other multicast and digital networks. The role combines multiple business areas under a single leadership structure.

The E.W. Scripps Company, SSP

Scripps Expands Television Leadership Structure

The E.W. Scripps Company operates as a diversified media organization with a strong presence in local broadcasting. The company serves communities through local journalism, entertainment networks, and digital platforms. Scripps continues developing its video distribution strategy across various markets.

The company formed its current media portfolio through decades of broadcasting experience and strategic expansion. It operates local television stations across numerous U.S. markets. Its national networks provide additional reach through entertainment and news programming.

Littleton joined Scripps in 2017 after building a long career in local television management. He previously held senior roles focused on broadcast operations and local media performance. His new position builds on his previous experience within the company.

Dean Littleton Takes Control of Local and National Media Operations

Before becoming president of media, Littleton served as executive vice president of media broadcast operations. He also held the role of senior vice president of local media at Scripps. His background includes leadership positions at television stations in Knoxville and Denver.

The appointment places Scripps Networks under Littleton’s management while connecting national and local operations. The company expects stronger alignment between its various television platforms. The structure supports faster decision-making across its media businesses.

Scripps also operates Scripps News, a 24-hour national streaming news service. The service expands the company’s digital reach beyond traditional broadcast television. Scripps continues offering entertainment brands such as Bounce, Grit, ION Mystery, ION Plus, and Laff.

Scripps Focuses on Long-Term Media Growth

The company’s latest leadership change comes as the media industry continues shifting toward digital platforms and streaming services. Scripps is strengthening its internal structure to manage changing audience habits. The company combines broadcast experience with newer distribution channels.

Scripps serves customers across the United States through local news, sports, entertainment, and digital content. It also operates Scripps Sports, which supports professional and college sports organizations. The company remains one of the largest holders of broadcast spectrum in the country.

The E.W. Scripps Company was founded in 1878 and has built a long history in journalism and broadcasting. With Littleton leading its media division, the company continues its effort to connect local and national operations. The new structure positions Scripps to manage its television portfolio through a single leadership approach.

The post The E.W. Scripps Company (SSP) Stock: New Media President to Oversee Local and National TV Business appeared first on Blockonomi.

TLDR

• EBZT stock holds at $0.1150 as Everything Blockchain joins Robinhood Chain.
• PAYDAY protocol will pay EBZT a steady 0.2% cut of all transaction volume in ETH.
• Robinhood Chain users receive tokenized stocks every Friday through PAYDAY.
• A permanent Vault accumulates real stock assets from every single PAYDAY fee.
• EBZT also runs PAYDAY’s public dashboard tracking every stock purchase made.

EBZT stock trades flat at $0.1150, unchanged on the day. The company announced a fresh revenue deal with PAYDAY, a stock-rewards protocol on Robinhood Chain. EBZT will earn 0.2% of all PAYDAY transaction volume, paid directly in ETH.

Everything Blockchain, Inc., EBZT

PAYDAY Brings Weekly Stock Rewards to Robinhood Chain

PAYDAY launches on Robinhood Chain in August 2026, targeting stock-token holders. Every trade on the platform carries a 2% fee. That fee buys tokenized stocks throughout each trading week.

Robinhood Chain then distributes those stocks to PAYDAY holders every Friday. Holders receive assets ranging from S&P 500 exposure to single names like NVIDIA. This weekly payout structure sets PAYDAY apart from typical crypto rewards programs.

Holders also vote weekly on which stock the protocol buys next. A share of every fee flows into a permanent Vault that never sells. Longer holding periods increase a wallet’s share of each Friday’s distribution.

EBZT Secures Steady ETH Revenue From Robinhood Chain Growth

EBZT now earns 0.2% of every PAYDAY trade, paid continuously in ETH. This revenue scales directly with trading volume across the protocol. Robinhood Chain has processed millions of daily transactions since its July 2026 launch.

The chain already reaches users across more than 120 countries. Weekly trading volume on the network now reaches billions of dollars. Robinhood’s leadership has urged developers to build products using tokenized stocks on the chain.

PAYDAY aims to become one of the largest weekly stock buyers on Robinhood Chain. That scale directly benefits EBZT through its ongoing revenue share. EBZT also operates PAYDAY’s public transparency dashboard for every transaction.

EBZT Expands Its Role in Tokenized Assets

The dashboard shows every stock purchase and distribution recorded on-chain. EBZT publishes monthly attestations covering assets held and distributed. This structure gives the public a clear view of PAYDAY’s operations.

The PAYDAY deal extends EBZT’s reach into tokenized assets, a fast-growing digital asset category. It also places EBZT among the earliest firms active on Robinhood Chain. Revenue generated under the agreement flows entirely to the company.

EBZT is reviewing further programs that align shareholder interests with the protocol’s growth. Full details will follow legal and regulatory review. CEO Arthur Rozenberg said Robinhood built a large user base within weeks, and PAYDAY now gives that volume a place to settle, while EBZT earns a share of it.

The post Everything Blockchain, Inc. (EBZT) Stock: Jumps Into Robinhood Chain Ecosystem With PAYDAY Revenue Deal appeared first on Blockonomi.

TLDR

• DSGR schedules August 6 pre-market release for second-quarter 2026 earnings
• Distribution Solutions Group confirms August 6 date for Q2 financial results
• DSGR announces August earnings release for its second-quarter 2026 performance
• Distribution Solutions Group sets August 6 pre-market earnings announcement
• DSGR confirms Q2 2026 earnings release date with August 6 pre-market filing

Distribution Solutions Group, Inc. traded at $34.51 during market hours, down 0.03%, before announcing its next earnings date. The company will publish its second-quarter 2026 financial results on August 6 before the market opens. The release will include accompanying financial information through the company’s investor relations website.

Distribution Solutions Group, Inc., DSGR

Distribution Solutions Group Confirms Second-Quarter Earnings Schedule

Distribution Solutions Group selected August 6 as the reporting date for financial results covering the quarter ended June 30, 2026. The company plans to publish the earnings announcement before regular trading begins. Shareholders and market participants will receive updated operating and financial data before the opening bell.

The company will post the earnings release together with supporting financial information through its investor relations platform. This approach provides public access to the latest financial disclosures at the same time. The online publication supports the company’s regular financial reporting process.

The scheduled update follows the completion of another fiscal quarter for the specialty distribution company. Management has not released additional financial details before the reporting date. The August announcement will provide the next official performance update for the business.

DSG Continues to Expand Its Multi-Platform Distribution Business

Distribution Solutions Group operates as a specialty distributor serving maintenance, repair, operations, manufacturing, and industrial technology markets. The company delivers value-added distribution services through multiple operating platforms. It combines product availability with technical support and supply chain capabilities.

DSG emerged from the strategic combination of Lawson Products, Gexpro Services, and TestEquity. Each business contributed specialized capabilities across industrial distribution and supply chain services. As a result, the combined company expanded its reach across multiple customer segments and industries.

The company supports maintenance operations, original equipment manufacturers, and industrial technology customers with a broad product portfolio. It also provides supply chain services designed to improve operational efficiency and reduce total operating costs. Customers receive products and services through an integrated distribution network.

Global Operations Support Broad Customer Base

Distribution Solutions Group serves approximately 220,000 customers across a wide range of industrial and commercial markets. The business also employs approximately 4,300 people supporting operations across multiple regions. These resources strengthen its ability to provide consistent service across international markets.

The company’s distribution and service centers operate throughout North America, Europe, Asia, South America, and the Middle East. This geographic footprint allows the company to support customers through regional inventory and logistics capabilities. Its global presence helps meet demand across diverse industries.

DSG continues to position itself as a one-stop provider for specialty industrial distribution solutions. The company combines technical expertise, product availability, and reliable delivery within its operating model. The upcoming earnings release will provide updated financial results and additional insight into business performance during the second quarter of 2026.

The post Distribution Solutions Group, Inc. (DSGR) Stock: Company Sets August 6 Date for Q2 Earnings Report appeared first on Blockonomi.

Key Takeaways

• European regulators gave conditional clearance for Paramount’s $110 billion Warner Bros. Discovery acquisition
• As part of the approval, Paramount must divest from United International Pictures within 13 months post-closing
• The company also committed to avoiding film co-distribution agreements with NBC Universal in Europe for a decade
• While the Justice Department cleared the transaction in June, a coalition of 12 states launched legal action on July 13 to stop it
• On Monday, a California federal court granted a 14-day temporary restraining order, preventing the deal from closing

Shares of Paramount (PSKY) advanced 2.5% on Wednesday following the European Commission’s conditional approval of its $110 billion purchase of Warner Bros. Discovery (WBD).

Paramount Skydance Corporation Class B Common Stock, PSKY

Brussels’ executive body stated that its approval hinges on “full compliance with the commitments offered by Paramount.”

Under the terms of European approval, Paramount must divest its ownership position in United International Pictures, a film distribution joint venture operating across Europe. The company has a 13-month window following deal completion to finalize this divestiture.

Additionally, Paramount pledged not to pursue any co-distribution arrangements with NBC Universal for theatrical releases in Europe over the next ten years. The company will also maintain Warner Bros.’ current theatrical distribution structure in the region rather than consolidating operations.

Competition authorities in the EU indicated these commitments “fully address the competition concerns identified by the commission by ensuring that the films of the merged entity will not be distributed jointly with those of Universal or Disney.”

Warner Bros. Discovery shares showed minimal reaction to the announcement, closing approximately flat for the session.

Federal Approval Granted — State Opposition Emerges

The Department of Justice concluded its review in June, choosing not to contest the merger or require any remedies. Federal regulators gave it a complete pass.

However, the situation became more complex when California joined 11 additional states in filing litigation on July 13 aimed at blocking the combination. Their lawsuit contends that merging two of Hollywood’s five major studios would damage competition in theatrical distribution and cable television markets.

On Monday, a federal judge in California granted a 14-day temporary restraining order, halting the companies from finalizing the transaction for the time being.

This represents a significant obstacle. The original timeline called for closing the deal this week.

Deadline Pressure Mounting

Should the transaction fail to close by September’s end, Paramount will incur financial penalties. The agreement requires the company to pay Warner Bros. shareholders approximately $7 million daily in late fees until completion.

Those costs escalate quickly.

Paramount initially announced the acquisition agreement in February, prevailing over Netflix in a competitive bidding situation. CEO David Ellison negotiated and secured the deal.

The transaction carries an $81 billion valuation for equity, reaching $110 billion when debt obligations are included.

European regulatory approval represented one of the last significant barriers. With Brussels now satisfied, attention returns to the California federal courthouse.

The post Paramount (PSKY) Stock Climbs as EU Clears $110B Warner Bros. Merger Despite US Legal Battle appeared first on Blockonomi.

Key Takeaways

• Q1 2026 revenue reached $1.63 billion, representing an 85% year-over-year increase
• U.S. commercial segment exploded 133% to $595 million; U.S. government sector climbed 84% to $687 million
• Annual revenue outlook upgraded to $7.65–$7.662 billion, with U.S. commercial segment projected to grow at least 120%
• GAAP operating profit reached $754 million, while adjusted operating margin touched 60%
• Analyst consensus stands at Moderate Buy with a mean price target of $190.85 over the next twelve months

Palantir Technologies delivered an exceptional first quarter to open 2026, reporting revenues that soared 85% compared to the same period last year, reaching $1.63 billion.

Palantir Technologies Inc., PLTR

The headline figure capturing attention is the U.S. commercial segment, which exploded 133% to reach $595 million. For an enterprise of Palantir’s scale, this acceleration is extraordinary. Meanwhile, U.S. government revenues weren’t far behind, surging 84% to $687 million.

In response to this performance, leadership upgraded full-year revenue expectations to a range of $7.65 billion to $7.662 billion. The U.S. commercial division alone is forecasted to maintain at least 120% growth through year-end.

This momentum isn’t built on speculation or abstract AI promises. Real customers are committing to substantial contracts and rapidly scaling their usage.

The AIP Platform Powers Expansion

The primary catalyst fueling this surge is Palantir’s Artificial Intelligence Platform (AIP). This solution enables enterprises to integrate AI capabilities directly with their proprietary data, operational processes, and decision frameworks.

Consider a manufacturing firm optimizing logistics networks, a healthcare system coordinating personnel schedules, or a financial institution monitoring fraudulent transactions.

AIP isn’t a generic conversational AI tool. It’s deeply integrated artificial intelligence that becomes fundamental to how organizations operate — creating significant barriers to replacement.

This integration depth represents one of Palantir’s most strategic advantages. After the platform becomes essential to daily workflows, migration costs become prohibitively expensive.

Profitability Metrics Stand Out

The financial efficiency story is equally compelling as the revenue expansion.

Q1 GAAP operating profit totaled $754 million, a dramatic leap from $176 million in the prior year period. GAAP gross margin expanded to 87%, while adjusted operating margin reached an impressive 60%.

These metrics position Palantir among an elite group of rapidly expanding enterprise software companies.

One consideration deserves attention: stock-based compensation increased 30% to approximately $202 million during the quarter. While Palantir maintains profitability including these expenses, continuous equity awards create shareholder dilution.

Government partnerships — especially through its Maven platform serving defense and intelligence organizations — constitute a significant business component. These arrangements typically involve substantial long-term commitments, though they carry exposure to budgetary cycles and procurement policy changes.

Analyst sentiment leans favorable. According to MarketBeat, the consensus across 35 analysts rates at Moderate Buy — comprising two Strong Buy recommendations, 19 Buy ratings, 11 Hold positions, and three Sell opinions.

The consensus twelve-month price objective sits at $190.85, spanning a range from $90 to $255. This wide dispersion reveals substantial disagreement regarding appropriate valuation levels.

Palantir’s fundamental business strength is undeniable. The central question revolves entirely around price — specifically, what multiple investors should reasonably pay for this growth trajectory.

The post Is Palantir (PLTR) Stock Worth the Premium After 85% Revenue Surge? appeared first on Blockonomi.

The second-largest cryptocurrency has staged a minor resurgence in the past few days, yet certain bullish signals suggest it could be on the verge of a further rally.

Analysts speculate that the price may soon surpass $2,300, while others warn that a potential drop to as low as $1,000 might also be on the way.

Exodus From Exchanges and More

The popular analyst Ali Martinez revealed that investors have withdrawn roughly 1 million ETH (worth almost $2 billion) from centralized platforms over the last 30 days. A deeper look on CryptoQuant shows that the total figure has plummeted to around 15.1 million, marking the lowest level in the past 10 years.

Such action is usually considered an optimistic sign for the cryptocurrency, with Martinez explaining:

“Falling exchange balances typically point to reduced sell-side pressure, a trend that supports Ethereum’s bullish outlook.”

Another positive development surrounding the asset is the return of institutional interest. According to SoSoValue, inflows into spot ETH ETFs have been dwarfing outflows on most days this month, meaning that conservative investors like pension funds and hedge funds have increased their exposure, forcing BlackRock, Fidelity, VanEck, Franklin Templeton, and other financial behemoths to back the shares with real ETH.

Institutions aren’t the only ones ramping up their interest in the asset, as earlier this week, Arthur Hayes (co-founder of BitMEX) spent over $2.5 million to purchase 1,332 units.

The Latest Forecasts

$2,300 appears to be a common short-term target outlined by multiple analysts. According to Ali Martinez, an increase of that magnitude is possible after the formation of a double bottom on ETH’s price chart and as long as the asset holds the $1,850 level.

For their part, KALEO envisioned a pump to $2.3K by mid-August, which could then be followed by a major drop to $1,200 and a revival in October.

Crypto Patel also gave their two cents. The analyst described a potential surge to $2,160-$2,400 as a likely scenario, going even further to predict a possible explosion to as high as $10,000 in the event of a confirmed close above $2,400. At the same time, they suggested that a rejection from the depicted range may open the door to a whopping crash to $1,500-$1,000.

The post 1,000,000 ETH in a Month: Is Ethereum Poised for a Major Rally? appeared first on CryptoPotato.

With the crypto market showing signs of bottoming, Bitwise Chief Investment Officer Matt Hougan said investors looking ahead to the next crypto bull market should pay particular attention to two types of investments that he believes are best positioned to benefit as blockchain technology becomes more deeply integrated with traditional finance.

In his latest market commentary, Hougan identified these as the “Hyperliquid Lane” and the “Robinhood Lane.”

The Hyperliquid Lane

The Bitwise exec said he believes the next crypto bull market will be driven by the convergence of onchain and traditional finance through trends such as stablecoins, tokenization, 24/7 trading, instant settlement, and institutional decentralized finance. While he said it is still too early to declare the market has fully recovered, he did add that improving sentiment, positive ETF flows, and Bitcoin’s recent performance have prompted investors to start asking what could lead the next cycle.

The first investment category – the Hyperliquid Lane – includes crypto financial applications generating meaningful revenues while directly linking token value to platform activity through strong tokenomics. Hougan said Hyperliquid stands out because the protocol has built a large derivatives platform that has expanded beyond crypto into traditional markets. He added that the platform surpassed $1 billion in lifetime revenue in June and is on pace to generate about $800 million this year.

The focus was also on its token model, under which 99% of protocol revenue is used to buy back HYPE tokens on the open market, reducing supply. Hougan said this combination of real revenues and aggressive token buybacks differentiates Hyperliquid from many earlier crypto applications that attracted users without delivering similar value to token holders.

He added that he expects more crypto projects to adopt similar tokenomics over time.

The Robinhood Lane

Hougan said the second investment category – the Robinhood Lane – consists of existing companies that are actively building financial services on blockchain infrastructure rather than limiting themselves to pilot programs. He cited Robinhood’s launch of its Layer 2 blockchain on July 1 as an example of this strategy.

Robinhood Chain accumulated more than $300 million in deposits and processed 3.6 million daily transactions within two weeks of launch. He said companies experimenting with crypto at real scale are better positioned than firms conducting small proof-of-concept projects because they are gaining practical experience as financial markets evolve.

The post Bitwise CIO Predicts the Biggest Crypto Bull Market Yet – These 2 Investments Could Lead It appeared first on CryptoPotato.

Ethereum has staged a notable recovery from its June lows. It has reclaimed some important support levels and is now pushing toward a major technical barrier. While short-term momentum continues to favor buyers, the broader trend remains challenged by overhead resistance and a still-negative Coinbase Premium Index, suggesting institutional demand from U.S. investors has yet to fully return.

Ethereum Price Analysis: The Daily Chart

On the daily timeframe, ETH has rebounded sharply after defending the $1.5K demand zone, where buyers repeatedly stepped in to halt the broader downtrend. The recovery has carried price back above the descending channel’s higher boundary.

The price is also approaching an important confluence of resistance. The descending trendline aligns closely with the 100-day moving average, while the 200-day moving average remains higher around the $2.2K region. These dynamic resistance levels reinforce the nearby horizontal supply zones at $2K and $2.4K. This confluence makes this area the primary obstacle before any larger bullish reversal can develop.

Momentum has also improved considerably, with the RSI climbing toward the upper half of its range, reflecting strengthening buying pressure without yet reaching overbought territory. As things stand, the path toward the $2K to $2.2K resistance area is open. Yet, a rejection from this zone would keep the broader bearish structure intact and increase the likelihood of another retracement back inside the channel and toward the $1.5K support zone.

ETH/USDT 4-Hour Chart

The lower timeframe shows a much more constructive market structure. ETH has been producing higher highs and higher lows while respecting an ascending channel that has supported the advance throughout June and July.

After rebounding from the $1.7K short-term demand zone, the price accelerated toward the upper boundary of the large channel, where it is currently consolidating around $1.9K. This places ETH directly beneath a key resistance trendline that has capped rallies over the past several weeks.

The immediate support lies around $1.76K, where a previous resistance zone has flipped into support. Holding above this region and the short-term rising trendline would preserve the current bullish structure and keep the focus on another attempt to break above the channel resistance near $1.95K.

A successful breakout could trigger a continuation toward the psychological $2K level, while a loss of the ascending trendline would likely shift momentum back in favor of sellers and expose the $1.7K support area once again.

Sentiment Analysis

The Coinbase Premium Index continues to paint a more cautious picture despite ETH’s recent price recovery. Although the metric has rebounded from its deeply negative readings seen earlier this summer, it remains below zero, indicating that Ethereum continues to trade at a discount on Coinbase relative to offshore exchanges.

Historically, sustained positive readings have reflected stronger buying activity from U.S.-based institutional participants. The current negative premium suggests that this segment of the market has not yet returned aggressively, even as price attempts to establish a short-term uptrend.

This divergence implies that the ongoing recovery is being driven primarily by broader market demand rather than strong institutional accumulation. A move back into positive territory would strengthen the bullish case and increase confidence that the current advance has sufficient underlying support to challenge the major resistance levels overhead.

Until then, traders should monitor the current breakout attempt with some caution, as weakening demand at resistance could still lead to another corrective move.

The post Ethereum Price Analysis: ETH Holds Crucial Support as $2K Comes Into View appeared first on CryptoPotato.

An entity deeply affiliated with Ripple was shortlisted for several recognitions at one of the industry’s most respected hedge fund award ceremonies.

XRP has entered green territory over the past week, while the recent behavior of the whales and renewed interest from institutional investors signal that the bears may lose even more ground in the short-term.

The Prestigious Nominations

The Hedgeweek US Awards – annual industry honors recognizing top-performing hedge funds and leading service providers across the United States – will take place on October 8 in New York.

The nominated companies have been announced, and interestingly, Ripple Prime was included in four of the categories: Prime Broker of the Year: Client Service, Prime Broker of the Year: Technology, Prime Broker of the Year: Specialist Markets, and Prime Broker of the Year: Start-up & Emerging Managers. Competition for the entity will include well-known brokerage firms such as Mirae Asset Securities and Interactive Brokers.

Speaking on the matter was Ripple Prime’s CEO Mike Higgins, who thanked all clients and partners for their “continued trust” in the platform, its solution, and services. He also noted that voting for winners is open.

Whales Are Back

Another recent Ripple-related development is the evident return of big XRP investors. As CryptoPotato reported, whales and sharks holding between 100,000 and 100 million tokens each have added almost 3% more coins to their bags in the past five weeks. At the same time, smaller players (those owning less than 0.01 XRP) have reduced their exposure.

“Historically, XRP price has tended to move more with key stakeholders and against the smallest retail wallets, so this split supports the bullish case behind the bounce,” the analytics platform Santiment explained.

The ETF Front

Institutional investors have also shown renewed appetite toward XRP. SoSoValue’s data shows that lately spot XRP ETFs have attracted millions of dollars of capital, with the last red day being July 8. The past trading week was also in the green, with roughly $7 million in net inflows. However, four out of the five trading days saw no reportable action, which raised some eyebrows.

The launch of these products was highly anticipated across the community, and the first one (which has 100% exposure to the asset) saw the light of day in November 2025. Its issuer is Canary Capital, while prominent companies like Franklin Templeton, 21Shares, Grayscale, and Bitwise followed shortly after. Since day 1, these investment vehicles have generated a cumulative total net inflow of almost $1.5 billion.

XRP Price Outlook

The asset is currently worth around $1.14, representing a 3% increase on a weekly scale. Whale activity and interest in spot ETFs only reinforce the scenario shared by many analysts that XRP is poised for more substantial gains in the short term.

Earlier this week, Ali Martinez labeled $1.13 a level of huge importance, claiming a decisive breakout above could open the door for further upside to as high as $1.30. He later confirmed the setup, saying that XRP has cleared resistance, but the token remains sideways around that line as of press time.

Cryptollica also chipped in. A few days ago, the analyst argued that “there is no better opportunity” than XRP right now, stating that it has reached an all-time low oversold level.

The post Ripple News Today and XRP Price Update: July 22 appeared first on CryptoPotato.

Crypto analyst EGRAG CRYPTO posted on X on Wednesday that Bitcoin (BTC) is forming an Adam and Eve double bottom on its weekly chart, a pattern that is not yet confirmed but could open the door to $173,000 if it plays out.

The setup hinges on a decisive weekly close above $83,000, followed by a retest that holds that level as new support.

The Setup the Analyst Is Watching

According to EGRAG, the double bottom is forming inside the $51,000 to $67,000 support band, with an aggressive V-shaped low forming the Adam side and a slower, rounded base forming the Eve side. The neckline sits at $83,000.

Getting there, per EGRAG’s roadmap, means holding the current bottom, reclaiming $68,000, then breaking and retesting $83,000 before the move can extend toward $103,000, then $120,000 to $126,000, and finally $173,000.

“$83K is the gateway,” wrote the analyst. “Break it, hold it, and the Adam & Eve structure can trigger the next major expansion.”

However, he did warn that a weekly close below approximately $51,000 would invalidate the whole setup.

Other traders have also chipped in with numbers of their own, including Ted Pillows, who pointed to Bitcoin’s daily Supertrend flipping green, noting that the last time that happened, BTC gained almost 15% in four weeks, and a repeat would put it near $76,000 by August.

But not everyone agrees the move up will continue, one of them being ChartNerd, who called this rally a countertrend move back in April. According to him, the 200-week EMA near $68,000 could be the local top before a final drop into late Q3 or Q4.

A separate note from Axel Adler Jr. added some nuance: realized volatility has fallen 31% this month to its lowest since 2016, and leverage, measured by open interest against market cap, has declined for 21 straight days, a combination he says makes the current bounce of more than 11% off the June 30 low near $59,000 less prone to a forced liquidation cascade.

Meanwhile, Markus Thielen, in a report for BIT, said implied volatility on Bitcoin and Ethereum options has climbed back to 36% after dropping to 31% from 44%, a shift he read as rising demand for upside calls heading into the usually quieter summer months.

Why Bitcoin Has Been Climbing

BTC was trading near $66,000 at the time of writing, down slightly on the day but up over 2% in the past week and close to 3% in the last month.

Data from CoinGecko shows that at one point, the asset came within touching distance of $67,000 before it was dragged back to its current level, which puts it about 47% below its all-time high from October 2025 when it went past $126,000.

That bounce has come alongside a resumption in inflows for spot Bitcoin ETFs, after eight weeks of outflows, as well as improved sentiment following news that there has been some progress on the CLARITY Act’s ethics language.

Bitfinex has flagged $68,000 as the next test for the OG cryptocurrency. It says there’s a reaction zone between $67,900 and $68,300 where short-term holders may look to sell, and that a real breakout will need spot buying rather than speculation to hold.

The post Bitcoin Could Rally to $173K if This Pattern Plays Out: Analyst appeared first on CryptoPotato.