Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

An ex-NCA agent has been jailed for orchestrating a major Bitcoin theft and laundering scheme tied to the Silk Road 2.0 probe. During a 2022 audit, investigators flagged missing seized crypto assets. They found he stole 50 BTC—part of a broader loss initially estimated at 1,600 BTC—from an evidence vault. He routed funds through Bitcoin Fog and crypto debit cards linked to Silk Road 2.0 co-founder Thomas White. Chainalysis traced the flows, recovered devices and transaction records. In May 2024, Paul Chowles received a 5.5-year sentence for fraud and money laundering. The Bitcoin theft highlights insider risk, blockchain transparency, and the need for tighter security controls. Crypto traders should watch for regulatory measures and stronger institutional safeguards to protect market integrity.

Significant institutional rotation and Bitcoin ETF inflows have driven renewed momentum in Bitcoin. Over the past two days, 10,900 BTC flowed into Bitcoin ETFs, led by Fidelity, BlackRock, Ark and Bitwise. Long-time advocate Udi Wertheimer argues early, price-sensitive holders have offloaded coins to ETFs, corporate treasuries and nation-states, setting the stage for a larger generational rally. He projects a $400,000 year-end Bitcoin price and urges accumulation as supply tightens while BTC trades near $118,700. Meanwhile, Ethereum lags amid potential short-term overheating, with cumulative open interest above $2.2 billion and a Fear & Greed index at 70. Traders should monitor open interest, market sentiment and regulatory updates to navigate corrections and capture upside.

ETH price jumped 6% in 24 hours, surpassing $3,100, driven by Nasdaq-listed SharpLink Gaming’s latest $213 million purchase of 74,656 ETH. This adds to prior buys—including 24,371 ETH on July 15 and 10,000 ETH directly from the Ethereum Foundation—bringing its total holdings to over 310,000 ETH. Backed by a $425 million private placement and a $413 million ATM stock facility, SharpLink has $257 million reserved for future ETH acquisitions. Over 99% of its ETH is staked to generate yield and support Ethereum network security. Technical indicators on the 4-hour chart show a bullish RSI near 70 and positive MACD, with resistance levels at $3,437 and $3,519 and support at $2,946 and $2,805. A brief pullback to around $3,080 could clear market inefficiencies before a continued rally. SharpLink’s aggressive ETH accumulation underscores growing corporate demand for programmable, yield-bearing crypto assets and may bolster long-term ETH price stability.

Peter Thiel’s venture fund has acquired a 9.1% stake in NYSE-listed BitMine Immersion Technologies. The $50 million investment grants Thiel exposure to Bitcoin mining operations with immersion cooling technology and a 163,142 ETH reserve valued at about $500 million. BitMine plans upgrades to its mining rigs and partnerships in renewable energy. The Ethereum treasury offers diversification, staking yields, and avenues for future DeFi projects. Thiel’s move highlights growing institutional confidence in crypto infrastructure and may drive higher volume and volatility in BitMine’s shares. Traders should watch for shifts in BitMine stock and ETH metrics.

Congress is set to vote this week on the 2025 CLARITY Act, a bipartisan bill to clarify US digital asset regulation. The Act creates a unified SEC & CFTC oversight framework for digital assets, sets strict blockchain compliance and decentralization standards with clear deadlines, and temporarily excludes peer-to-peer derivatives (amendable later). It mandates SEC-CFTC collaboration to balance investor protection with technological innovation. Passage this summer would resolve regulatory uncertainty, reaffirm US blockchain leadership, and provide developers stable rules for responsible innovation. Delay risks missing the 2025 legislative window. Traders should monitor progress, as enhanced regulatory certainty can boost crypto market growth.

SUI token climbed 9% on July 14 to near $4 as Bitcoin’s record rally to $123,500 renewed DeFi demand. SUI’s TVL growth topped $2.2 billion, adding $600 million in ten days and overtaking LINK and ADA to rank 13th by market cap. Meanwhile, SEI token jumped nearly 40% over the past week to $0.35, driven by on-chain activity and TVL growth from $200 million in January to $673 million by mid-June. An unlock of 55.56 million SEI tokens (≈$20 million) on July 15 could trigger short-term volatility. Technically, SUI has cleared a $4.03 resistance channel and SEI trades above its upper Bollinger Band, with RSIs above 70 indicating overbought levels. Key support for SUI lies at $3.50/$3.30, while SEI must hold $0.33 to avoid pullbacks, though further gains could see SUI target $5 and SEI $0.40.

According to Arkham Labs, Bhutan’s sovereign arm Druk Holdings executed a major Bitcoin sale, transferring about $173 million worth of Bitcoin to Binance over four days in July. The latest Bitcoin sale involved 512.84 BTC ($59.5 M) via six transfers ranging from 99 to 208.56 BTC. Despite these outflows amid Bitcoin’s rise from $108,000 to $122,000, Bhutan remains the world’s fifth-largest holder with 11,411 BTC (≈$1.4 B) and 656 ETH (≈$1.93 M). Its crypto treasury grew from $1.29 B to $1.37 B over the week, aided by a 12.4% BTC and 18% ETH price surge. The kingdom—mining Bitcoin since 2017 using hydroelectric power—also plans to house strategic reserves of BTC, ETH, and BNB in the upcoming Gelephu Mindfulness City, underscoring an active portfolio management approach rather than an exit.

President Trump has intensified calls to replace Federal Reserve Chair Jerome Powell over a $2.5 billion building renovation. Former Fed officials Kevin Warsh and Kevin Hassett have backed his push, citing slow rate cuts and overspending. This political pressure fuels expectations of an early monetary easing. Traders are betting on a renewed Bitcoin rally, with prices surging above $120,000 as looser policy looms. Powell’s cautious stance on stablecoin regulation contrasts with potential successors’ pro-market views, adding volatility to the crypto market. Upcoming Fed announcements and US inflation and retail data will be key to confirming Bitcoin rally momentum and guiding price movements.

Bitcoin is holding steady at around $117,500 after a 0.24% dip over 24 hours, reflecting a phase of low volatility and market equilibrium. According to CoinStats, most of the daily ATR has been used, and price trades within a narrow channel on both hourly and daily charts. Traders should watch for a candle close without a long wick as a breakout indicator. Meanwhile, top 10 altcoins have slipped into the red amid mixed macroeconomic and regulatory factors. Analysts expect sideways movement through mid-July, with a clear breakout—potentially pushing Bitcoin toward a new all-time high—only if upcoming daily bars close without long wicks. Risk management remains crucial, so monitor key resistance levels and prepare for volatility shifts when new catalysts emerge.

From July 14 to 18, the US House of Representatives will host Crypto Week. It will vote on three bipartisan bills: the Digital Asset Market Clarity Act (CLARITY) to define SEC and CFTC roles, the GENIUS Act for federal stablecoin oversight, and the Anti-CBDC Surveillance Act banning a US central bank digital currency. The GENIUS Act has passed the Senate and could become the first major crypto law signed by President Trump. A House hearing on crypto taxation is set for July 16. Throughout Crypto Week, traders will monitor these legislative moves for legal clarity in digital assets, which may drive volatility and affect market trends.

Bitcoin (BTC) and Ethereum (ETH) led a broad market rally after former President Trump’s tweet that cryptocurrencies “punched through the ceiling,” with BTC climbing past $57,300 and ETH breaking above $3,000. The surge was driven by record spot Bitcoin ETF inflows totalling $1.175 billion on July 10 and coincided with the S&P 500 hitting fresh highs amid strong corporate earnings and easing inflation data. Meme coins outperformed, led by MOG (+20%), FARTCOIN (+17%) and PENGU (+24%). Meanwhile, the Ethereum Foundation unveiled four new support teams to boost adoption, and institutional blockchain finance advanced as Germany’s NRW.BANK issued €100 million in digital bonds on Polygon and Animoca Brands pledged $100 million to DDC’s Bitcoin treasury. The combined crypto market cap rose by $150 billion, highlighting growing risk appetite and suggesting continued bullish momentum.

An anonymous whale continued its on-chain whale accumulation by purchasing 7,171 ETH today, lifting its total Ethereum holdings to 54,125 ETH. This follows an earlier whale accumulation of 1,600.7 ETH after a price dip, highlighting significant ETH accumulation amid market volatility. On-chain data shows a steady reduction in circulating supply as large whale moves often precede price rallies and tighten market liquidity. Traders should monitor short-term volatility from whale rebalances, key support at $2,600 and resistance near $2,800. Ongoing whale accumulation underscores the bullish foundation for Ethereum’s recovery potential.

Bitcoin is eyeing a breakout near $110,500 after surging above $108,500 and breaching the bearish trendline at $108,800. The 3% rally pushed BTC toward $112,000, where it now consolidates around the 23.6% Fibonacci retracement from $107,500. Long-term holders (over 155 days) control more than 80% of circulating supply, a historical precursor to major rallies. Institutions added over 19,400 BTC to managed wallets this week, highlighting renewed demand. Technically, Bitcoin trades in a narrowing channel between $107,000 and $110,500. Bollinger Bands are tightening, the RSI stands at 52, and the MACD shows mild bullish momentum. A recent Golden Cross—where the 50-day MA crossed above the 200-day MA—has preceded 100% gains in past cycles. Traders should watch for a decisive Bitcoin breakout above $110,500. A sustained move beyond this level, backed by holder and institutional accumulation, could signal a new bullish wave. Key support lies at $110,800, $109,750 (50% Fib), and $107,500.

Since 2019, OmegaPro founders Michael Shannon Sims and Juan Carlos Reynoso have allegedly operated a $650 million crypto Ponzi scheme via multi-level marketing, selling packages that promised up to 300% returns in 16 months. They lured investors with luxury events, social media hype and a Burj Khalifa projection. In January 2023, a claimed network breach forced a shift to the Broker Group platform, blocking withdrawals while insiders reportedly laundered funds through crypto wallets. Indicted in Puerto Rico, both now face wire fraud and money laundering charges with potential 20-year sentences. Traders should track DOJ enforcement in crypto, monitor regulatory risks and perform rigorous due diligence. This crypto Ponzi scheme underscores vulnerabilities in unregulated crypto investments and highlights the need for strict investor due diligence.

Asia FX markets rebounded after US President Trump flagged that the planned August 1 tariffs are “not 100% certain”. The decision to delay Trump tariffs knocked the US Dollar Index down 0.2% and boosted Asia FX. Currencies like the Chinese Yuan, Korean Won, and Singapore Dollar first tumbled as traders sought safe havens in the US Dollar and Japanese Yen. However, technical rebounds and short covering helped Asia FX recover. The Reserve Bank of Australia (RBA) held rates at 3.85% in a surprise 6–3 vote. AUD/USD jumped as Australia’s business conditions hit their strongest level since March. Market attention now turns to the next RBA decision. A 25 bp cut could weaken the AUD and reinforce global easing expectations. A hawkish hold could lift the currency and signal economic strength. Trade tensions, low inflation, central bank divergence, and geopolitical risks will keep volatility high across forex and crypto markets. For crypto traders, the weakening US Dollar traditionally supports risk assets. Bitcoin and altcoins may benefit from dollar softness. Traders should diversify, monitor macro data, use stop-losses, and consider hedging to manage volatility.

BlackRock’s Bitcoin Spot ETF has surpassed 700,000 BTC in holdings, representing about 3.3% of the circulating supply and valued at approximately $76 billion. Since its January 2024 launch, the ETF has secured over 55% of US spot Bitcoin ETF assets. The Bitcoin Spot ETF’s rapid growth highlights strong institutional adoption and robust market liquidity. By offering regulated Bitcoin exposure, the ETF allows traditional investors to diversify portfolios while tightening exchange supply and supporting price stability. Continued inflows could drive further demand, influencing both short-term momentum and long-term market growth.

XRP is showing a Bollinger Band squeeze on both three-day and two-day charts, signaling rising volatility. Since mid-January, the token has traded in a symmetrical triangle around $2.21–$2.27 on low volume. Analysts note that XRP’s tight Bollinger Bands often precede sharp moves, as seen before November’s rally. A daily close above $2.33 could confirm a breakout toward $5, implying 120% gains. Traders should also watch resistance near $5 and short-position liquidity above $2.35 for a possible short squeeze. With crypto sentiment lagging the stock market, volatility may intensify. Wait for a confirmed breakout before trading and apply strict risk management.

CoreWeave has agreed to acquire Core Scientific in a $9 billion all-stock bid, offering 0.1235 CoreWeave shares per CORZ share at $20.40 each. The transaction — expected to close in Q4 2025 — eliminates over $10 billion in lease obligations and unlocks about $500 million in annual savings by 2027. At a 16x 2026 EBITDA multiple, the all-stock bid trades at a significant discount to data center peers. CoreWeave CEO Michael Intrator is pivoting the firm from crypto mining to AI and high-performance computing. While KBW analysts label the cash-free deal as opportunistic and foresee potential shareholder pushback, the lack of competing offers suggests the merger will proceed. This merger scales CoreWeave’s AI infrastructure amid rising data center power demand and AWS’s planned $100 billion AI spend in 2025.

Elon Musk has launched a crypto-backed America Party to challenge the US two-party system, declaring fiat “doomed” and naming Bitcoin as its financial backbone. The movement aims to secure key Senate and House seats using a decentralized finance model. Building on Tesla’s $1.5 billion BTC purchase in 2021, the news sent Bitcoin surging toward $110,000, while Dogecoin jumped about 6% and other major cryptocurrencies rallied. Musk’s break from the Republican Party over a budget bill underscores his push for crypto in fiscal policy. Traders should brace for heightened volatility from short-term bullish sentiment and potential long-term institutional inflows into Bitcoin and the wider market.

Bitcoin eyes a breakout above its all-time high as it reclaims key levels amid rising institutional demand and technical signals of a parabolic rally. Year-to-date, Bitcoin has risen 16.8%, adding over 2% in June. It recently climbed back above $108,000, trading around $109,000. Corporate treasuries are boosting Bitcoin holdings. The Blockchain Group raised €10.7M to add 116 BTC to its treasury. Japan’s Metaplanet increased reserves to 15,555 BTC and plans 30,000 BTC by year-end. The UK’s Smarter Web Company reached 1,000 BTC. Crypto analyst Merlijn The Trader charts a three-phase bull cycle mirroring 2017 and 2021. A final parabolic leg could drive Bitcoin toward a conservative $150,000 target or as high as $335,000 by 2025. Traders should watch for a decisive breakout above $110,000 to confirm this next rally phase.

Crypto ETPs clocked $1.03 billion in weekly inflows, boosting total AUM to a record $188 billion. Bitcoin ETFs led with $713 million in new capital, marking a 17th consecutive week of inflows, while Ether ETFs added $275 million, extending a nine-week streak. BlackRock’s IBIT ($304 million) and Fidelity’s FBTC ($112 million) topped Bitcoin flows; Franklin’s EFI and BlackRock’s EETH dominated Ether inflows. Combined, Bitcoin and Ether products now manage over $45 billion and $8 billion in assets, respectively. Sustained demand coincided with modest BTC and ETH price gains, reflecting growing institutional interest and offering bullish signals for traders.

Two decade-old Bitcoin wallets moved a combined 101,857 BTC (≈$10.28 billion) in separate on-chain transfers. On July 20, an anonymous whale shifted 81,857 BTC into three fresh addresses. Previously dormant since April 2011, two other wallets transferred 20,000 BTC. On-chain analytics firm Glassnode flagged the transfer as the largest daily shift of old Bitcoin ever recorded. Data from Lookonchain and CryptoQuant indicate these transfers reflect long-term whale accumulation rather than imminent selling. Despite the sizable outflows, Bitcoin held above $108,000, showing no immediate sell-off. Traders should monitor exchange inflows and on-chain metrics as market volatility may rise. Sustained whale accumulation and reduced sell pressure could support a bullish outlook with price momentum toward the $118,000 all-time high.

Analyst JackTheRippler’s latest XRP price prediction outlines both a near-term pullback and an ambitious long-term target. On the daily chart, XRP failed to break above $2.30, forming a lower high from a rally off $2.05 support. Technical indicators show bearish RSI divergence (~38) and flat Chaikin Money Flow (-0.01), while funding rates (+0.009%), 24-hour volume (-16.7%) and open interest (-1.47%) point to weakening momentum. Key levels to watch are support at $2.21 and $2.05, with resistance at $2.30, $2.40 and $2.65. Traders should expect bearish pressure over the next 24 hours unless XRP reclaims $2.30 with volume-backed conviction. Looking ahead, JackTheRippler’s long-term XRP price prediction includes precise buy and sell signals: a dip to €2.13 triggers a buy after three days; a rise to €7.60 marks a sell within one week; a drop to €3.40 prompts another buy after two weeks; and a push to €29.50 in seven months signals further accumulation. The final phase forecasts an exponential rally to €702.50 by 2026. This model is highly speculative and lacks disclosed methodology or fundamental analysis. Traders should treat it as a theoretical framework and apply robust risk management.

The US House Financial Services Committee will hold Crypto Week from July 14–18, hosting five hearings on cryptocurrency regulation. Sessions will cover stablecoin frameworks, digital asset legislation, SEC oversight, crypto mining and a potential US CBDC. Lawmakers, led by Chair Patrick McHenry and backed by the Financial Services and Agriculture committees (including French Hill, Maxine Waters, Tom Emmer and Bryan Steil), will gather expert testimony and review major bills such as the CLARITY Act, the Anti-CBDC Surveillance State Act and the GENIUS Act. The goal of Crypto Week is to establish clear rules for dollar-backed stablecoins, ban a Fed-issued digital dollar to protect privacy, promote Web3 innovation and cement US blockchain leadership. Traders should watch Crypto Week closely: hearing outcomes could shape market stability, compliance requirements and long-term growth prospects.

Digital World Acquisition Corp, the SPAC behind Truth Social, filed a 19b-4 proposal for a politically branded Bitcoin–Ethereum ETF. The fund would hold 75% BTC and 25% ETH, charge a 0.50% annual fee, and calculate NAV daily. Crypto.com is named custodian, liquidity provider, and execution agent. Executives cited recent SEC custody clarity as a driver of mainstream crypto ETF demand. If approved, the ETF could launch on major U.S. exchanges by early next year, boosting Bitcoin–Ethereum ETF liquidity and pressuring competitors. Traders should monitor SEC feedback and potential volatility around the approval process.

Former President Donald Trump celebrated the Iran-Israel ceasefire as “a beautiful day for the world,” after reports of a temporary 12-hour truce evolved into a Qatar-mediated deal confirmed by Prime Minister Benjamin Netanyahu. Initial denials from Tehran’s National Security Council gave way to mutual agreement. U.S. stock futures jumped up to 0.6% and the Dow closed nearly 1% higher, while oil prices plunged over 7% to $64 per barrel. In crypto, Bitcoin rebounded sharply from $98,000 to a peak of $106,700 before settling at $105,600, liquidating over $50 million in shorts as traders priced in reduced geopolitical risk. The Iran-Israel ceasefire is expected to lower risk premiums, improve market sentiment, curb cryptocurrency volatility, and support a bullish outlook for digital assets.

Bitcoin slid 11% from around $110,000 to $98,000 amid rising Middle East tensions involving Iran, Israel and the U.S. Traders briefly pushed prices up by 3% on renewed institutional buying. Major firms—MicroStrategy, Metaplanet (1,111 BTC), Panther Metals and Sequans—added over $500 million of BTC to treasuries this week, while U.S. spot Bitcoin ETFs saw $408.6 million of inflows. On-chain data show a weekly RSI divergence hinting at a potential test of $92,000–$94,000, though strong bids and liquidity above may trigger a short squeeze. Technicals remain mixed: Bitcoin holds key support at $103,430 and the 50-day EMA, with a bearish MACD setup poised for a bullish crossover. Market attention shifts to today’s FOMC meeting, where the Fed is expected to maintain rates but signal two cuts this year—news that could fuel another rally and possibly retest the all-time high near $111,000.

Tokyo-listed Metaplanet has expanded its Bitcoin holdings with a 1,111 BTC purchase—its second major buy this quarter—bringing reserves to 11,111 BTC, or 11% of its 2026 target of 100,000 BTC. The latest acquisition cost about ¥17.26 billion (≈$117 million) at an average price of $105,500 per BTC, following an earlier addition of 1,112 BTC that pushed its total past 10,000 BTC. To sustain its aggressive accumulation—aiming for roughly 5,000 BTC monthly—Metaplanet launched the “555M Plan,” issuing 555 million warrants to raise about $5.3 billion. Its BTC Yield metric, which measures Bitcoin growth per share, reached 107.9% quarter-to-date. With its current pace, Metaplanet is poised to overtake Tesla’s 11,509 BTC by month-end, reflecting broader corporate treasury demand for Bitcoin.

Bitcoin and Ethereum both plunged sharply this week, breaking critical support levels amid growing bearish momentum. BTC fell below $105,500, $103,000 and $102,000, testing a low near $98,277 and trading under the 100-hour SMA. Immediate resistance for BTC sits at $101,250 and $103,500, with key support at $100,150, $98,500 and $95,000. Meanwhile, ETH dropped over 10%, breaching $2,350 and $2,250 and dipping to the $2,120 zone beneath its 100-hour SMA. ETH faces resistance at $2,250 and a bearish trend line near $2,280; a clear break above $2,340–$2,400 could spark a rebound toward $2,500 and $2,620. Failure to reclaim $2,340 risks further declines to $2,150, $2,120 or the critical $2,000 level. Both MACD indicators show weakening momentum below zero, and RSI readings remain under 50, underscoring cautious market sentiment. Traders should watch for decisive closes above key resistance levels to signal potential reversals, while breakdowns below critical supports may trigger deeper losses.