Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Arkham on-chain tracking says the US government transferred about $288.33M of seized crypto to Coinbase Prime, in roughly half a day. The routing totals around 3,800 BTC (about $235M) and about 30,000 ETH (about $53M). The BTC reportedly traces to multiple criminal cases, including funds linked to dark-web dealer “Xanaxman” (Ryan Farace) and proceeds tied to the defunct BTC-e exchange. Arkham notes the flow used intermediary wallets before depositing into Coinbase Prime, which may reflect custody/operational routing rather than an immediate sale. The ETH linked to a ~$54M Oracle money-laundering case involving Brian Krewson was sent directly to a Coinbase Prime deposit address. Traders are watching whether this seized crypto later turns into exchange inflows and sales. Depositing to Coinbase Prime alone does not confirm liquidation, but it can still trigger volatility if markets interpret it as a precursor to government selling. This comes after a March 2025 executive order establishing a Strategic Bitcoin Reserve stating that reserve Bitcoin “shall not be sold” with narrow exceptions after final forfeiture. The article argues these transferred assets may fall outside that reserve rule, while ETH is treated under a separate Treasury-managed digital-asset stockpile. For trading: monitor follow-on transfers from Coinbase Prime to exchanges, any signs of custody onboarding/configuration changes, and further official clarity on whether these assets comply with the Strategic Bitcoin Reserve and ETH stockpile constraints.

Extended said it regained control of its Discord server after attackers used a compromised community channel to post a fake EXT token claim. The scam message told users “$EXT Claims are now live” and linked to a website impersonating an official Extended claim page. The decentralized exchange confirmed the announcement did not come from its team and that it has not launched an EXT token, a token generation event (TGE), or any legitimate claim portal. Extended initially warned users not to click links while it worked to restore access. It later removed malicious content and reopened the channel. Extended said the trading app, smart contracts and user funds were not compromised. However, users who visited the fake site or approved wallet requests were advised to revoke suspicious token permissions using a reputable approvals-management service. If a user signed an unknown transaction, Extended recommended moving remaining assets to a new wallet and treating the original address as potentially exposed. No confirmed loss figure was disclosed. The incident highlights how fake EXT token claim scams often use wallet-approval prompts to enable drainers without needing a seed phrase.

The American Bankers Association (ABA), alongside ICBA and 76 state banking associations, has sent a joint letter to Senate leaders urging changes to the CLARITY Act stablecoin yield provisions. The groups say the current language is too ambiguous and could let payment stablecoins function like deposit substitutes rather than pure transaction tools. They support the broader CLARITY Act, but warn that the draft may trigger a “deposit flight.” The letter calls for lawmakers to revise Section 404 to clarify the prohibition on stablecoin interest, yield, and rewards and to prevent circumvention via alternative incentive structures. This pushback comes ahead of a House hearing on July 17 and follows earlier industry resistance. The article notes the Senate Banking Committee cleared the bill in May, but Democrats and banking firms objected that it could allow crypto firms to pay stablecoin yields without meeting requirements faced by traditional banks. JPMorgan CEO Jamie Dimon previously said the banking industry would keep “fighting” the current version and argued crypto firms offering stablecoin yield should seek banking charters. Regulatory momentum is also mentioned: the CLARITY Act received a second law-enforcement endorsement on July 10 from the Federal Law Enforcement Officers Association (FLEOA), which backed the bill while calling for stronger accountability in DeFi. Market relevance: ongoing debate over the CLARITY Act stablecoin yield provisions keeps regulatory timelines uncertain, which can affect expectations for compliant stablecoin products and custody/yield-market activity.

The ECB has selected 36 payment service providers (PSPs) to take part in a digital euro pilot starting in the second half of 2027. The trial will run for 12 months across the ECB and 19 euro-area central banks. The program will test digital euro payment capabilities, offline payments, e-commerce transactions, and in-store consumer use. The ECB also aims to improve the user experience to support preparations for a potential future launch. After the ECB issued a call for expressions of interest to euro-area PSPs in March 2026, more than 50 applicants submitted proposals. The final shortlist includes firms from multiple member states such as Deutsche Bank, Adyen, Revolut Bank, Stripe Technology Europe, and Worldline. The ECB said that if the EU passes digital euro legislation in 2026, it targets having the conditions ready for a first digital euro issuance by 2029. A decision on whether to proceed with a full launch is still pending. For traders, this is a long-dated policy milestone for a state-backed payment rail (“digital euro”), rather than an immediate token catalyst. It could still shape expectations around future competition with private stablecoins and other on/off-ramp infrastructure, but near-term market impact is likely limited.

Bitcoin (BTC) recently tried to rebound toward nearly $65,000, but bears pushed it back to about $62,600. Several analysts now warn the cycle’s bottom may not be in yet. On X, “Aralez” argues a “massive bull trap” is in its final stage. The scenario calls for a rally toward $70,000 first, followed by a sharp reversal to around $39,000. Another analyst, “Crypto Lens,” expects a drop below $50,000 this week and a break under $40,000 by August, urging traders not to become “exit liquidity.” The bearish case is also supported by an on-chain/proxy metric: the BTC MVRV ratio is still above 1, which CryptoQuant interprets as the potential floor arriving later (historically associated with “generational buying opportunities”). One commentator (“symbiote”) estimates roughly 80 days remain to the cycle bottom, comparing BTC behavior in the 2018 and 2022 bear markets. Still, other views are more constructive. “AlΞx Wacy” highlights BTC hitting its most oversold monthly reading on record, often a precursor to rallies. “Ali Martinez” points to BTC’s Accumulation Trend Score staying near 1, suggesting continued large-investor accumulation. Traders will also watch whether July closes green, as Bitcoin has finished the month down only 4 of 13 times historically.

XRP is rebounding slightly after a prolonged correction that followed its breakout to a seven-year all-time high about a year ago. The token lost key supports at $3.00 and $2.00, then dropped to around $1.01 in late June/early July, and is now near $1.07—still more than 70% below the prior peak. Technical analyst CasiTrades says the latest move may represent a final 5-wave impulse down, potentially completing “Wave 2.” The projected path is: a sharp decline toward $0.93, followed by a bounce back to $1.00, which would then act as major resistance. If XRP rejects near $1.00, the final low could form around the macro support at $0.87. Other analysts cited in the article lean toward a similar bottom zone for XRP, with some expecting a low between $0.80 and $0.90. ChartNerd is mentioned as warning that consecutive lower highs could pressure the price to below $1.00. The trading takeaway is that multiple observers view XRP’s near-term structure as “cleanse then expand”: a last dip to support levels could reduce weak hands before the next broader uptrend. In the short term, traders may watch $1.00 as a make-or-break resistance and $0.87 (and potentially $0.80–$0.90) as the likely completion area for the correction in the coming weeks/months.

The “Daily Market Wrap” for Jul. 14 was not accessible because tokeninsight.com is protected by a Cloudflare security check. The crawler only captured the verification interstitial, which confirms successful verification but provides no actual “Daily Market Wrap” content. As a result, no crypto prices, headlines, token movers, ETF/regulatory signals, exchange flows, macro catalysts, or on-chain metrics were available for traders. The practical takeaway is that this feed currently delivers no actionable information, so traders should not infer market direction or volatility from it. If the “Daily Market Wrap” becomes readable later, re-check for major movers and catalysts, and then incorporate any confirmed signals into risk management and positioning.

Starknet (Ethereum Layer-2 ZK rollup) launched STRK20 on June 9, 2026, introducing a native note-based privacy framework for on-chain assets. STRK20 lets users shield any ERC-20 token balance, perform private transfers, and run private swaps—without creating a separate privacy coin or fragmenting liquidity into isolated pools. How STRK20 works: users convert tokens into encrypted “notes.” Zero-knowledge proofs are generated client-side, so the user’s device handles most of the cryptography locally. On-chain, Starknet verifies only that a valid proof exists, not the underlying transaction contents. Initial deployments and timeline: strkBTC was the first asset to use STRK20 after Starknet’s v0.14.2 protocol upgrade in April 2026. USDC support followed on June 25, 2026, extending STRK20 privacy to a major stablecoin. The system is designed to let any ERC-20 “plug in” on Starknet without special liquidity requirements. Wallet support at launch includes Xverse, AVNU, and Circle integrations. Compliance design: STRK20 includes encrypted viewing keys, enabling selective disclosure of transaction history to auditors, regulators, or legal counterparties. Third-party auditors can hold viewing keys so a court order can unlock a specific user’s history without broadly revealing others. Starknet says future phases will expand STRK20 into private lending and cross-chain functionality.

Oman’s Foreign Minister Badr bin Hamad Al Busaidi said the US-Israel war on Iran has not met its stated objectives and lacks a UN mandate. Initiated on Feb. 28, 2026, the campaign was intended to curb Iran’s nuclear capabilities and reduce its military strength. Al Busaidi argued the situation remains unresolved: Iran’s nuclear program is still active and Iran’s government is functioning. He also highlighted a legal vacuum under international law, saying the lack of a UN mandate complicates the legitimacy of the actions. The crypto-relevant takeaway is that prospects for a US-Iran nuclear deal look weaker. Market pricing points to reduced optimism for an agreement, with probabilities for a deal by Aug. 13, 2026 falling. What to watch: further diplomatic moves and statements from the P5+1, Iran, and the United States. Any shift in UN positions or new resolutions that clarify a UN mandate could change expectations. Continued military activity or diplomatic breakdowns would likely push the odds of resolution further out, reinforcing risk-off sentiment across markets.

The Securities Transfer Association (STA) has urged the SEC to design tokenized stocks rules that favor **issuer-backed** structures over third-party “synthetic” tokens. In a July 1 comment letter, the transfer-agent group argued that only tokenized stocks recorded on the issuer’s books, with real voting and dividend rights, should qualify for any SEC innovation exemption, pilot program, or permanent framework. STA warned that third-party tokenized stocks can add holders’ exposure to platform **credit**, **custody**, and **operational** risks, and may weaken the direct legal relationship between shareholders and the issuing company. The SEC has previously delayed an innovation exemption after similar concerns and has acknowledged a split between custodial and synthetic third-party tokens, but it has not yet proposed formal rules. For crypto traders, the key issue is how the SEC classifies tokenized stocks, because classification determines the actual legal rights investors receive. The latest push spotlights a market structure dominated by third-party synthetic models (notably Ondo Finance’s offerings and Kraken’s xStocks) and comes as Coinbase, Robinhood, Nasdaq, and the NYSE expand plans to move equities onchain.

Strategy (Michael Saylor’s bitcoin-treasury company) raised about $466.7 million via a common-stock sale and parked the proceeds in cash, lifting its US dollar reserve to $3 billion. For the third consecutive week, Strategy did not buy Bitcoin. During July 6–July 12 it sold around 4.8 million MSTR shares and reported zero Bitcoin purchases. Holdings remain at 843,775 BTC, acquired for $63.69 billion (about $75,476 per coin), leaving the position billions of dollars underwater. The cash reserve is intended to cover Strategy’s dividends on preferred stock and interest on its debt. The latest move adds roughly 18% to the cash cushion, covering more than 20 months of annual dividend and interest obligations of $1.76 billion. The company’s posture reflects a shift from offense to defense. Strategy previously outlined a broader framework that allows large-scale Bitcoin sales, after a reported large Bitcoin sale of about $216 million in late June. Meanwhile, Strategy’s preferred share (STRC) has traded below its $100 par value since mid-May, and the firm’s market context is pressured by Bitcoin trading around the low-$60,000s. MSTR has fallen sharply in the past month, even as it steadied from late-June lows. Bitcoin demand via new buys is temporarily paused, while liquidity is prioritized.

Bolivia is studying a regulatory framework to include Tether’s USDT in its national payments system alongside the boliviano and the US dollar. The proposal is still under technical review, and rules for banks, digital wallets, and payment providers have not been published yet. USDT has not been granted legal-tender status. The move comes as Bolivia faces a prolonged US dollar shortage. In practice, USDT has been used as a “dollar substitute” for everyday commerce, a pattern seen across other Latin American economies with limited USD liquidity. After the central bank lifted the crypto ban in June 2024, stablecoin adoption accelerated, with transaction volume up more than 630% to around $430 million in the following year. Institutionally, Banco Unión added USDT purchases to its Yasta wallet in April, and other lenders have launched stablecoin services. However, Bolivia has remained on the Financial Action Task Force (FATF) grey list since 2025, meaning any rollout will require stronger anti-money-laundering controls. For traders, this is mainly a regulatory and adoption signal rather than a direct catalyst for USDT price. It supports stablecoin usage in emerging markets, but broader crypto price impact is likely limited.

Bitcoin is consolidating around $62,600 after a Monday selloff that pushed price from about $64,400 down to $61,800. In the past 24 hours, $283M in liquidations occurred, with the balance skewed toward longs (74% long / 26% short). A key downside level is flagged near $61,300 on Binance’s liquidation heatmap. Derivatives positioning looks calm. Open interest is roughly $17.1B and funding rates remain mostly in a low 0%–8% band, suggesting no major leverage buildup. Options demand is still mildly call-biased, but bullishness is moderating: the 24-hour put/call ratio moved to 58/42 from 64/36, and the one-week delta skew compressed to ~15% from 26%. Implied volatility (DVOL) is near multi-year lows, pointing to a low-stress environment. Macro and regional flows are a notable driver. South Korea’s KOSPI is down about 10% since Friday, and Upbit volume surged 1,426%, reflecting a rotation back into crypto that may reverse the “machine chip trade” exit from late last year. Ether (ETH) is trading in a relatively tight $1,770–$1,790 range. Altcoin tape: LIT jumped about 5.7%, while ENA rose ~5.7% but remains in a deep long-term downtrend. NEAR and FET gained on the day. CoinMarketCap’s Altcoin Season indicator reads 54/100, shifting more constructive versus June’s sub-50 levels.

On-chain data suggests Bitcoin is moving through a “rotation” phase: long-term holders are gradually transferring supply to newer buyers rather than selling aggressively. Glassnode’s RHODL Ratio (long-term holder wealth vs newer investors) reached 6.5 in early July—its second-highest level on record. Since then, the ratio has started to fall but remains compressed while Bitcoin price action stays range-bound. Bitcoin has been trading sideways for five months, consolidating between about $60,000 and $80,000. The article notes Bitcoin is down roughly 50% from its October 2025 all-time high near $124,000, and is currently around $62,000, with no clear signs of panic. Historically, the RHODL Ratio has “rolled over” before major selloffs. In 2022, the metric collapsed alongside the FTX-driven rout, when Bitcoin fell toward ~$15,000. In 2026, the environment looks different: coins are changing hands without capitulation. Using Wyckoff-style interpretation, this can resemble a distribution-to-accumulation transition—distribution typically appears early in bear markets, followed by accumulation. The article points to prior extended consolidations near 2015, 2019, and 2023 lows as setups where RHODL compression preceded eventual recoveries. However, the near-term risk is macro. A potential Federal Reserve rate hike is highlighted as a likely catalyst for new lows. Markets are reportedly pricing roughly 50 basis points of tightening over the next six months. For traders, the setup is two-sided: Bitcoin’s supply transfer looks orderly, but a Fed shock could still break the current $60k–$80k consolidation.

Injective (INJ) gained about 5.1% in 24 hours after breaking above key technical resistance around the 30-day SMA near $4.85. Trading now focuses on the next target at the 38.2% Fibonacci resistance near $5.30. INJ was trading around $5.02 at press time. The breakout is reinforced by higher participation: daily volume rose over 26% to roughly $86.9M. The move also occurred while Bitcoin was slightly weaker, suggesting INJ’s rally is more driven by its own technical setup than broad market strength. Traders are also watching downside levels if the move fails. Losing the $4.85 breakout zone could expose support near $4.50. Broader market sensitivity remains important, with analysts noting that a larger BTC-led risk-off move could drag INJ toward lower ranges (including references to ~$3.75 and ~$3.40). On-chain and ecosystem signals add context. Injective has recorded $34B+ in derivatives trading volume, strengthened its stablecoin access with native USDC support, and more than 7.1M INJ have been permanently burned via the Community Buyback mechanism. Analysts cite improving momentum (RSI around 53) and a healthier market structure after prior corrections. Overall, INJ breakout momentum keeps $5.30 on traders’ radar, but follow-through depends on holding $4.85 and broader crypto sentiment.

A former Los Angeles County Sheriff’s Department deputy, Scott Allen Simpkins, was sentenced to 18 months in federal prison for obstructing justice in a crypto extortion case involving businessman Adam Iza. After a March 17 guilty plea, Simpkins was fined $10,000 and resigned from the LASD Special Enforcement Bureau. Prosecutors said Simpkins lied to federal investigators about witnessing Iza threaten a victim with live ammunition at Iza’s Bel Air home in 2021, then demand a $25,000 payment. Court records cited by the U.S. Attorney’s Office said Simpkins and another former deputy, Christopher Michael Cadman, provided private security via Saavedra & Associates, with each deputy paid $1,400 and the security firm receiving about 10% of first-month contract profits tied to the engagement. Iza remains in federal custody. Separate cases are also progressing: he pleaded guilty in California in January 2025 to conspiracy against rights, wire fraud, and tax evasion, and in June pleaded guilty in Connecticut to conspiracy to interfere with commerce by robbery—connected to a 2024 kidnapping plot targeting the parents of Veer Chetal, accused of involvement in theft of about 4,100 bitcoin, which is central to this crypto extortion narrative. For crypto traders, the latest development confirms tighter accountability around the individuals tied to the crypto extortion network, but it is not a direct change to Bitcoin’s protocol or liquidity.

The U.S. Senate is stalling the Digital Asset Market Clarity Act as Democrats tighten leverage around “crypto ethics.” Negotiators are struggling to finalise the ethics language needed for a Senate floor vote before the summer recess. Democrats want rules that would bar sitting presidents, members of Congress, and their spouses from issuing, sponsoring, owning, or profiting from digital assets. They cite President Trump’s crypto disclosures, including about $636 million of 2025 income tied to the TRUMP memecoin. A new draft is expected within days, but sources say it will not include finalised ethics wording. With Senate passage requiring 60 votes (cloture), Majority Leader John Thune hinted he could push a vote even if the ethics dispute remains unresolved. Republicans have been seeking votes, while earlier ideas like narrower restrictions or delayed enforcement were reportedly walked back. For traders, the unresolved Clarity Act ethics fight adds regulatory uncertainty, especially for token projects exposed to US governance and stablecoin/DeFi policy spillovers.

Spot XRP ETF inflows hit a wall, with the latest session showing zero inflows on July 13–14, ending an eight-week streak worth about $1.48B in cumulative net flows. The article links the turn to a simultaneous shift in demand signals: institutional flow softening, derivatives/retail sentiment weakening, and fear rising after XRP faced price rejection near the $1.15 resistance area. Despite the inflow streak narrative, the products hold about $988M in assets under management, and XRP in custody is ~970.9M as of July 9—below a prior 2026 peak above $1B—suggesting XRP price depreciation has eroded the market value of accumulated positions. On the price side, XRP extended its correction into a fourth straight session, trading in a descending channel below key moving averages: 50-day EMA ~$1.16, 100-day EMA ~$1.26, and 200-day EMA ~$1.47. RSI is around 39, indicating seller control. The near-term support highlighted is $1.04; a break could open a path toward ~$0.78. Separately, Ripple CEO Brad Garlinghouse said the company considered dissolving and distributing XRP holdings instead of fighting the SEC case from 2020. The Ripple–SEC settlement came in May 2025, after the court ruled XRP itself is not a security—paving the way for spot ETF approvals. For traders, the core signal is clear: XRP ETF inflows have turned off, aligning with price rejection. That combination often pressures near-term momentum and can increase volatility around key support levels.

A trader known as Max Crypto says the Bitcoin bear-market bottom is likely to form again in 2026 when the two-month stochastic RSI (a derivative of RSI) reaches zero. He points to a repeating pattern: in past cycles (2014, 2018, 2022), “the 2M Stoch RSI had a bullish cross and dropped to 0,” which coincided with BTC bottoms. The article notes that the two-month RSI setup is already in motion. TradingView data shows the 2M Stoch RSI around 4.81, after slipping into the sub-30 oversold zone during March—levels last seen just over three years ago. Traders are watching for divergences and trend confirmation as BTC/USD holds above $60,000 and reclaims the $64,000 area this month following bullish RSI divergences across multiple time frames. Other market participants cited additional momentum/oversold evidence. On one-day charts, one trader (Osemka) highlighted an extremely low daily RSI around 15 earlier in June, and argued BTC only “swept” prior lows rather than fully breaking them—suggesting a potential reversal if deeper retracements still appear. Separately, BitcoinHyper flagged a bullish divergence versus the S&P 500. Overall, the core trading takeaway is the potential timing signal: if the two-month RSI framework (via stochastic RSI) resumes the historical path to zero, it would mark a technical inflection for BTC’s bear-market phase.

A solo Bitcoin miner validated a solo Bitcoin block using a single budget Bitaxe rig, earning a 3.125 BTC reward (about $200K) on block #957382. The win was powered by a low-cost miner priced under $200 with roughly 1 TH/s hashrate—tiny versus the network—highlighting how a solo Bitcoin block remains statistically rare but still possible for retail participants. The article notes this solo Bitcoin block streak: hobby-level miners recorded 12 solo block validations in 2026 so far, lifting the past 12 months’ total solo payouts to 75.4 BTC (over $4.7M). Solo mining data shows solo blocks occur on average every 15.2 days, with the longest drought at 58 days. It also references other retail/solo paths: one miner validated a solo block in April via CKPool’s solo service, and another earlier used rented hashrate from a provider (not owning the physical rig). Key takeaway for traders: while this is a mining-specific, low-probability event, it can briefly boost sentiment toward retail mining opportunities. However, the incident is unlikely to materially change overall Bitcoin hash rate or immediate spot market dynamics.

In an interview, Iskandar Vanblarcum (Managing Director of Crypto.com Exchange) says institutional crypto adoption is shifting from “Bitcoin exposure” and custody toward active participation in on-chain market infrastructure. He links the change to industry maturation and clearer regulation, alongside demand for lower friction, faster 24/7 settlement, deep liquidity, and ultra-low latency. Key points for traders: - Tokenized RWAs are becoming usable collateral, not just investment products. Vanblarcum cites BlackRock’s tokenized fund BUIDL being integrated as collateral for margin trading. The stated goal is to unlock 24/7 tradability and real-time settlement with improved capital efficiency. - Institutions also seek “Yield-in-Transit” style efficiency via real-time settlement networks (example given: Lynq) and broader blockchain rails for cross-border payments (example: Nedbank). - Barriers remain: fragmented global regulation, product classification, and the need for institutional-grade security/compliance plus upgraded infrastructure to handle evolving tech and regulatory risks. - The exchange’s roadmap includes more on-chain products around real-world exposures (equities, commodities, metals, and pre-IPO) and expanded regulated prediction markets. For prediction markets, Vanblarcum argues institutional demand is rising because these contracts can hedge macro and portfolio risk. He notes Crypto.com Exchange’s positioning with U.S. CFTC derivatives licensing, suggesting prediction markets should fall under CFTC oversight in the U.S. Overall, the interview frames Crypto.com Exchange as a venue where TradFi assets and crypto infrastructure converge via tokenized collateral and regulated derivatives-like access.

The White House is urging the US Senate to pass the CLARITY Act before the Aug. 7 recess, with a shrinking timetable after President Trump’s July 13 push. The bill aims to set a federal crypto market-structure framework by splitting oversight between the SEC and the CFTC for trading and issuance. Still, CLARITY Act passage is not assured. There is no scheduled floor vote, and key disputes remain—especially government ethics provisions tied to disclosure and potential conflicts, stablecoin “rewards” language banks want to tighten, and protections for software developers building decentralized infrastructure. On the politics side, debate requires 60 votes for cloture in the 100-seat Senate. Before Sen. Lindsey Graham’s death, Republicans held 53 seats; if all GOP back the bill, at least seven Democrats would be needed. But during the May Senate Banking markup, only two Democrats supported, and neither has confirmed support for a final package. For traders, the CLARITY Act timeline uncertainty raises near-term volatility risk around stablecoins and compliance expectations, while longer-term market structure clarity could be bullish if the text and vote count firm up.

The US NFIB Small Business Optimism Index rose to 97.4 in June from 95.3 in May, beating forecasts around 95.7 and reversing the prior slide to the lowest level since Oct 2024. NFIB Chief Economist Bill Dunkelberg said May’s weakness was driven mainly by fuel-price volatility and tax concerns, while June moved closer to the long-run historical average near 98. For traders, there is no direct, mechanistic link between NFIB small business optimism and major crypto assets like BTC and ETH. However, easing near-term macro uncertainty can still improve overall risk appetite, which may support broader crypto sentiment. Key caveat: the index remains below its historical average, implying lingering headwinds from tax-policy uncertainty, input cost pressures, and regulatory burden. That means any crypto “relief rally” may fade unless policy risk continues to decline.

Houthis fired missiles and drones at Abha International Airport in southern Saudi Arabia on July 13, retaliating for Saudi-led coalition strikes on Sanaa International Airport earlier the same day. Saudi air defenses intercepted the projectiles, and no casualties or major damage were reported. The escalation began when Saudi-backed Yemeni government forces hit Sanaa airport. The coalition said the goal was to stop an Iranian plane, allegedly carrying Houthi delegates, from landing. Houthis spokesperson Yahya Saree said their retaliatory strikes achieved their objectives and warned commercial airlines to avoid Saudi airspace. Houthis also framed the Sanaa operation as Iran-focused, implying Tehran was the real target. A four-year ceasefire between Houthi rebels and Saudi Arabia has now collapsed. Since 2015, Yemen has been in civil war, with the Iran-aligned Houthi movement controlling large areas, including Sanaa. A UN-brokered ceasefire in 2022 reduced tensions, but prior attacks—such as the 2019 strikes on Aramco facilities—temporarily knocked out about half of Saudi oil production. For crypto and risk markets, the key trading focus is the path for oil prices and the USD, plus whether airlines reroute away from Saudi airspace. Any shift from targeting runways to attacks near major energy assets like Aramco would quickly change risk pricing across assets, including cryptocurrencies.

A solo Bitcoin miner using a Bitaxe ASIC mined block 957,382 on Public Pool and claimed 3.1382 BTC (about $200,000). The operator ran the device for roughly eight hours at an average hash rate near 995 GH/s (~1.0 TH/s) and received the full block subsidy plus transaction fees under Public Pool’s hosted solo-mining setup (3.125 BTC subsidy + ~0.0132 BTC fees). The news also highlights a softer network environment: mining difficulty fell 5% to 127.17T around block 957,600 after slower block production and reduced network hashrate. Solo mining activity is “having a moment,” with 24 solo blocks found over the past 12 months (+41% YoY), but expectations remain extremely low for ~1 TH/s home hardware. CoinDesk estimates a Bitaxe-class setup finds a block only about once in ~18,000 years on average. For traders, this is a reminder that solo Bitcoin mining remains overwhelmingly chance-driven even as difficulty adjustments slightly improve odds for active miners. In the short term, the event is unlikely to move BTC price directly, but ongoing difficulty trends and miner profitability can influence broader sell pressure and sentiment around network security—so watch difficulty and miner flows, not the one-off win.

Bitcoin has rebounded from late-June lows and is back above $64,000, helped by a partial return of ETF inflows after June’s record outflows. Still, BTC is trading below the $64,500–$65,000 resistance zone, leaving traders focused on whether a decisive breakout can resume. This article explains how Donchian Channels are used to spot breakouts and trend changes. Donchian Channels plot the highest high and lowest low over a set lookback period (commonly 20 candles). Breakout signals are clear and binary: a close above the upper band marks a new 20-period high (bullish momentum), while a close below the lower band marks a new 20-period low (bearish control). The channel width reflects volatility, but it does not directly indicate direction. For traders, the current setup is framed around BTC failing to push through the $64,700 area on the 4-hour chart and drifting back toward the channel’s middle—often consistent with consolidation. The next objectives are: - 4H: a close above the upper band would suggest trend resumption; staying inside the bands suggests range trading. - Daily: the upper Donchian band is around ~$65,600 (highest over the last 20 trading days). A daily close above ~$65,600 would confirm a new breakout; rejection would keep BTC classified as range-bound. Donchian Channels should be combined with structure and momentum checks (e.g., RSI/MACD) rather than used alone.

Bitcoin (BTC) steadied after a Middle East conflict-driven selloff, holding critical support and attempting to resume upside. The price slid below $58K earlier in the month, then rebounded to a local high near $64,700 and has since traded sideways above $60K. Traders are watching support around $61,700, which aligns with the bull-market trendline, and the 200-day SMA, now acting as resistance. On the chart, a previously suggested bearish “M pattern” may be negated after BTC bounced from the neckline area near the bull trendline and horizontal support. The next resistance zone is $63,000, followed by the top of a potential amended falling wedge. The key risk is that BTC could still remain inside a falling-wedge structure and break down later, which would reopen a search for a lower bottom. Momentum signals are also in focus. Stochastic RSI in the weekly view shows a bullish cross-up near the 20 level. However, a failure—where the cross-up turns into a cross-down—could flip the outlook quickly. Overall, the current setup is framed as bullish: a confirmed breakout would support the idea that the $57,550 low may already mark the start of a new bull phase. Traders should monitor whether BTC can push through the 200 SMA and then clear $63K for confirmation.

Pi Network (PI) has slumped to another all-time low, trading just above $0.07 after a 14% daily drop. The latest sell-off pushed PI to $0.07059, while it was already down after the July 13 low near $0.086. Overall, PI is down about 35% on the week and roughly 97.5% since its February 2025 peak. Analysts point to two main drivers behind the PI price down. First, large token unlocks could increase supply as long-waiting holders look to sell. Second, buying demand appears weak, so selling pressure has outweighed any bids. One contributor also blamed team execution, arguing the core team may be unprepared for the market reality. A scheduled release of 775M+ coins through year-end could land on exchanges, adding further liquidity pressure. The analysis says no single announcement, ecosystem update, or “Pi DEX” is likely to reverse the PI price down without changes to supply, demand, and liquidity. Suggested fixes discussed include burning a substantial portion of remaining supply, pursuing listings on major exchanges (e.g., Binance and Coinbase), and introducing a transparent, sustainable buyback-and-burn mechanism. Traders should watch for whether upcoming unlocks and liquidity conditions continue to drive PI price down or stabilize bids.

Pi Network (PI) is again making fresh lows after a rejection near $0.30 in March. Following a drop to about $0.086, PI crashed further to just above $0.07 in the past day, reinforcing its persistent underperformance. Bitcoin (BTC) also stayed volatile. BTC slid from above $64,400 to a multi-day low near $61,800, then rebounded as selling pressure eased. The move was tied to renewed US–Iran tensions and reported US Navy blockade activity in the Strait of Hormuz, which pressured BTC back toward roughly $61,600–$61,800. Altcoin breadth remains weak, with many large caps red on the day (including HYPE, ETH, XRP, SOL, TRX, DOGE, RAIN, ZEC, and XLM). Notable gainers include HASH (+25% to around $0.0095) and BDX (+10%). Total crypto market cap slipped another ~$20B to below ~$2.22T, while BTC dominance sits around 56.7%. For traders: Pi Network (PI) looks firmly bearish and may stay fragile, while BTC’s bounce appears more like a volatile technical repair that can be interrupted by macro/geopolitical headlines.