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42 minutes ago

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XRP Rises 4% Amid Triangle Breakout Speculation

XRP surged 4% as traders monitored a potential 'triangle breakout' that could propel the cryptocurrency toward $1.35. Trading volume increased significantly, with CoinGecko reporting a 24-hour volume of approximately $1.27 billion. XRP maintained its position above the $1.08-$1.10 range, preserving its short-term recovery structure. Technical analysis indicates that a sustained break above $1.13 would confirm the triangle breakout, potentially targeting $1.35. The hourly chart shows a symmetrical triangle pattern, with price compression between lower highs and higher lows. However, the daily chart remains cautious, as XRP continues to trade within a descending channel, with the 100-day and 200-day moving averages positioned above the current price. Key resistance is identified in the $1.24-$1.28 range, aligning with the channel's upper boundary and major moving averages. Support is strongest around $1.02-$1.06, a zone where buyers have consistently entered in recent weeks. Traders are advised to watch for a breakout above $1.13 to strengthen the bullish outlook, while a drop below $1.02 could expose XRP to further declines toward $0.88-$0.92.

XRP +4.11%
2 hours ago

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Stablecoin Outflows Persist, Weakening Bitcoin Buying Momentum

Bitcoin is trading near $65,000, but CryptoQuant analyst Axel Adler Jr. highlights weak buying momentum due to persistent stablecoin outflows. Bitcoin's 30-day net flow remains near neutral, lacking the deep outflow signals typical of accumulation phases. Stablecoin net flow has been negative for 35 consecutive days, recently dropping below -$100 million, indicating a continued drain from exchanges and insufficient purchasing power in the market. Adler Jr. notes that Bitcoin's neutral flow is not a bullish indicator, as the absence of significant outflows suggests strong holders are not removing supply from exchanges. A positive shift would require stablecoin net flow to turn positive and sustained Bitcoin outflows. Further deepening of stablecoin outflows could increase price pressure on Bitcoin.

BTC +3.04%
2 hours ago

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ZHIPU Surges 31.1% from Recent Lows, Short Positions Suffer Losses

ZHIPU has experienced a significant rebound, climbing 31.1% from its recent low to reach $149.52, according to Hyperinsight monitoring. The cryptocurrency is currently trading at $146.71. This sharp increase has resulted in substantial losses for new counter-trend short positions, which have lost nearly four times their principal.
6 hours ago

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Phemex Crypto Market Daily: Lido DAO Surges 10% as BTC, ETH Rebound; Major Token Unlocks Today (Jul 21)

Key Takeaways:
1. Macro Environment Persistent US inflation and a Fed blackout period have shifted market focus to macro data, with rate cuts unlikely before September. The ECB's upcoming policy decision and recent energy price volatility are heightening global risk sensitivity. Regulatory uncertainty persists as the GENIUS Act stablecoin rules deadline was missed, increasing compliance risks for issuers. 2. Crypto Market The crypto market shows a mild rebound, with BTC up 0.91% at $65,424 and ETH rising 1.56% to $1,909. Lido DAO (LDO) leads altcoins, surging 10.92% on governance upgrades, while DEXE (DEXE) and Virtuals Protocol (VIRTUAL) gained 5.13% and 5.48% respectively, driven by exchange listings and ecosystem growth. Broader sentiment remains cautious amid macro headwinds. 3. Today's Outlook Major token unlocks today include HYPE ($690.55M), PUMP ($120.56M), LAB ($378.70M), CONX ($35.21M), $ZRO ($20.48M), and $H ($15.55M), potentially impacting liquidity and short-term price action across affected tokens.

BTC +3.04% DEXE +14.67% ETH +3.83% LDO +11.10% VIRTUAL +9.27%
7 hours ago

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Ethereum's Tokenized RWA Market Cap Grows by $7.2 Billion, Holds 52.5% Share

Ethereum's tokenized real-world assets (RWA) market cap has surged by $7.2 billion over the past year, according to recent data. This growth has solidified Ethereum's position as the leading platform in the tokenized RWA space, capturing a 52.5% market share. The increase highlights the growing adoption and integration of real-world assets into the Ethereum blockchain, reflecting its robust infrastructure and appeal to investors.

ETH +3.83%
8 hours ago

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Tokenized Stock Market Cap Surges Over Fivefold to $1.7 Billion

The market capitalization of tokenized stocks reached approximately $1.7 billion by the end of June, marking a more than fivefold increase from $329 million a year ago, according to data from a16z Crypto. This makes tokenized stocks one of the fastest-growing categories of tokenized assets. Unlike stablecoins, the market cap of tokenized stocks is influenced by both new issuances and underlying asset price fluctuations. However, the data indicates that the growth is primarily driven by an expansion in issuance, with over half of the market cap coming from assets that were not on-chain a year ago. Most of the new balances were added mid-year, after significant price changes in the underlying stocks had already occurred.
8 hours ago

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CryptoQuant Warns of Weak BTC Spot Demand and Long Liquidation Risk

Bitcoin's 30-day spot demand has sharply declined to nearly -170,000 BTC, according to CryptoQuant analyst ScenarioX. This follows a brief recovery to around -80,000 BTC in early July. Despite the drop in spot demand, Bitcoin's price remains stable due to reduced short-term selling pressure and short covering in the derivatives market. ScenarioX highlights that the current derivatives demand is insufficient to sustain a long-term upward trend, leaving the market structure fragile. A resurgence in spot selling pressure could lead to a significant downturn, while continued sluggish spot selling might allow for a derivatives-driven technical rebound. However, without strong spot demand, such rebounds are likely to culminate in large-scale long liquidations.

BTC +3.04%
8 hours ago

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Kalshi and Polymarket Open Interest Drops 20% Post-World Cup

Open interest on prediction markets Kalshi and Polymarket has decreased by 20% as the excitement surrounding the World Cup fades. The combined open interest fell from a peak of approximately $2 billion in early July to about $1.5 billion. Kalshi's trading volume in sports events, which reached around $9 billion during the week of July 5, has declined to $4 billion, while Polymarket's volume dropped from $2.3 billion to $740 million. During the World Cup, sports events constituted 80% of the trading volume on these platforms. In the aftermath of Spain's 1-0 victory over Argentina, marking its second World Cup title, Polymarket's profit and loss data revealed that 194,000 addresses participated in the World Cup champion market. Approximately two-thirds of these traders incurred losses, with most profits and losses under $100. However, 54 addresses each gained over $100,000, including 5 that earned more than $1 million, while 43 addresses each lost over $100,000. Prediction market activity is expected to remain low until the U.S. midterm elections provide the next significant trading catalyst.
17 hours ago

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Stablecoin Supply Drops $1.24B as DEX Trading Rebounds

The stablecoin market experienced a $1.24 billion decrease in supply last week, while decentralized exchange (DEX) trading volumes showed signs of recovery. Spot trading on DEXs increased by 1.7%, and perpetual contract volumes rebounded by 9.23% week-over-week. Despite the uptick in trading activity, institutional buying remained subdued, with public companies adding only 101.5 BTC, valued at approximately $6.53 million. Protocol revenue held steady, with SLVR leading growth with a 948% increase. Meanwhile, Bitmine acquired 7,430 ETH, worth $13.92 million, while Strategy neither bought nor sold BTC.

BMNRX +2.48% BTC +3.04% ETH +3.83% SLVR
18 hours ago

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Solana Q2 Report Highlights Surge in Tokenized Asset Trading

Blockworks' Solana Q2 2026 Token Holder Report reveals a significant increase in on-chain tokenized asset trading, reaching approximately $5.8 billion, a 114% rise from Q1. Tokenized stocks dominated, making up 97% of the network's tokenized equity trading volume. Despite a 43% drop in Real Economic Value revenue to $51 million due to declining meme coin interest, Solana's SOL spot ETP saw $120 million in net inflows, with 427 million SOL tokens staked, representing two-thirds of the supply. The report also notes upcoming adjustments to Solana's inflation and burn mechanisms through the Alpenglow upgrade and proposals SIMD-550 and SIMD-553, aimed at enhancing SOL's value capture.

SOL +3.34%
19 hours ago

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Bitcoin Consolidates Around $64.5K Amid Stabilizing Market Conditions

Bitcoin has entered a consolidation phase around $64,500 after rebounding from below $58,000 and briefly testing $65,000. The cryptocurrency's upward momentum has cooled, with spot volumes remaining subdued, indicating a search for market equilibrium. Derivatives markets show compressed volatility spreads, suggesting a reduced risk premium as sentiment stabilizes. Speculative interest is gradually returning, evidenced by increased futures and options open interest and a shift in perpetual taker flow towards net buying. On-chain activity is stabilizing, supported by modest improvements in economic throughput and participant engagement. Institutional selling pressure appears to be fading, with US spot ETF flows recovering and ETF cohorts nearing breakeven. Despite the consolidation, the market remains sensitive to shifts in momentum and sell-side pressure due to the growing presence of short-term, price-sensitive capital.

BTC +3.04%
21 hours ago

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BTC Trades Steadily Amid Rising Oil Prices and Market Volatility

Bitcoin remains in a narrow trading range between $63,000 and $65,000, currently priced around $64,100, as the broader market experiences a risk-off sentiment. This comes amid escalating US-Iran tensions, which have pushed Brent crude prices above $85 per barrel, marking a one-month high with over 10% weekly gains. The US semiconductor sector has led declines due to concerns over potential cuts in AI infrastructure spending by cloud vendors. Ethereum is underperforming Bitcoin, trading at $1,832 after briefly surpassing $1,900. Key resistance is noted at $1,847, with bulls needing to reclaim the 200-day moving average near $2,400 to strengthen its position. Meanwhile, US spot Bitcoin ETFs have seen net inflows for four consecutive days, reversing a previous trend of $8 billion in net outflows. In the options market, realized volatility is low, and market makers are in a Gamma short position ahead of the July 28-29 FOMC meeting, with potential upside if geopolitical tensions ease.

BTC +3.04% ETH +3.83%
1 day ago

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Solana Tops Blockchain Network Revenue for First Time in Five Months

Solana has reclaimed the top position in single-day network revenue among all blockchains, according to data from SolanaFloor. On July 18, Solana achieved this milestone for the first time in nearly five months, highlighting its growing traction and usage within the blockchain ecosystem.

SOL +3.34%
1 day ago

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Bank of America Warns of Extreme Bullish Sentiment, Advises Caution

Bank of America Securities has reported that its Bull & Bear Indicator has climbed to 9.6, signaling extreme bullish sentiment. Historically, a reading above 8.0 suggests a sell signal. The report highlights significant inflows into semiconductor ETFs, totaling $46 billion year-to-date, and tech funds, which saw $48 billion in inflows over the past three weeks. Despite these inflows, the Philadelphia Semiconductor Index has dropped about 20% from its June highs, indicating a disconnect between market flows and prices. Bank of America advises reducing equity exposure and considering a shift towards defensive sectors, high dividends, and the US dollar. The report cautions that current market optimism is based on fragile assumptions, including an economic "no-landing" scenario and stable Fed rates, which could be disrupted. Investors are advised to monitor the Mag 7 Index, with a drop below 65 suggesting a retreat, while a rise above 70 could signal a re-entry point.
1 day ago

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SOL Spot ETFs See $948,200 Net Inflow Last Week

SOL spot ETFs experienced a net inflow of $948,200 during the trading week from July 13 to July 17, according to SoSoValue data. The Grayscale SOL Trust (GSOL) led the inflows with $493,100, bringing its historical total net inflow to $109 million. Fidelity's ETF (FSOL) followed with a weekly net inflow of $455,100, reaching a historical total of $196 million. As of the latest update, the total net asset value of SOL spot ETFs stands at $872 million, with a net asset ratio of 1.99% relative to SOL's total market capitalization. The cumulative historical net inflow for SOL spot ETFs has reached $1.14 billion.

SOL +3.34%
1 day ago

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Ethereum Spot ETFs Attract $105M in Net Inflows, Led by BlackRock's ETHA

Ethereum spot ETFs experienced significant net inflows of $105 million during the trading week from July 13 to July 17, according to SoSoValue data. BlackRock's ETHA led the inflows with $135 million, bringing its cumulative historical net inflows to $11.31 billion. Meanwhile, BlackRock's ETHB saw $3.96 million in net inflows, with a cumulative total of $520 million. Conversely, Fidelity's ETF FETH recorded the largest net outflows of $21.56 million for the week, though its cumulative net inflows remain at $2.13 billion. The total net asset value of Ethereum spot ETFs stands at $9.97 billion, with a net asset ratio of 4.48% relative to Ethereum's total market cap. Historical cumulative net inflows for these ETFs have reached $11.08 billion.

ETH +3.83%
1 day ago

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Agent Trading Volume on Robinhood Chain Exceeds $150 Million

The Agent economy on Robinhood Chain has seen significant growth, with trading volumes surpassing $150 million this week. Over 4,500 Agents have been launched, and builders have raised more than $2.3 million in total funds. Notably, the trading volume increased from $100 million to $150 million in just three days, highlighting the rapid acceleration of activity on the platform.

HOOD -2.10%
1 day ago

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Zhipu Shares Plummet Over 13% Amid Market Volatility

Zhipu (02513.HK) experienced a significant decline in its stock price, dropping over 13% in recent trading sessions. This sharp decrease highlights the volatility currently affecting the market. Additionally, MINIMAX-W (00100.HK) also saw a notable decline, with its shares falling over 4%. These movements reflect broader market trends impacting investor sentiment.
1 day ago

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Stablecoin Market Cap Drops by $1.415 Billion in a Week

The stablecoin market cap has decreased by $1.415 billion over the past week, marking a 0.45% decline, according to DeFiLlama data. The total market cap now stands at $310.077 billion. USDT remains the dominant stablecoin, representing 59.36% of the total market cap.

USDT +0.01%
1 day ago

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Phemex Crypto Market Daily: BTC Slides as Geopolitical Risks Rise, ETH Outperforms on DeFi Strength (Jul 20)

Key Takeaways:
1. Macro Environment Escalating US-Iran tensions have disrupted oil shipping via the Strait of Hormuz, raising inflation risks and delaying potential Fed rate cuts. US regulators missed the GENIUS Act stablecoin rule deadline, extending uncertainty for stablecoin issuers. Upcoming global inflation data and central bank decisions may further impact crypto market sentiment. 2. Crypto Market The crypto market shows mixed performance as BTC trades at $64,720, down 1.89% in 24h, pressured by risk-off flows and ETF outflows. ETH outperforms, up 0.88% to $1,875, supported by DeFi and staking activity. Altcoins diverge: PI surges 12.09%, PEPE gains 4.46%, HYPE edges up 0.22%, driven by retail momentum and sector rotation. 3. Today's Outlook Key events today include Canada’s June CPI release, China’s July Loan Prime Rate announcement, and the US June Leading Economic Indicators report. These macro releases may drive volatility in both traditional and crypto markets, especially amid heightened geopolitical and regulatory uncertainty.

BTC +3.04% ETH +3.83% HYPE +3.68% PEPE +3.91% PI -6.57%

XRP Rises 4% Amid Triangle Breakout Speculation

Stablecoin Outflows Persist, Weakening Bitcoin Buying Momentum

ZHIPU Surges 31.1% from Recent Lows, Short Positions Suffer Losses

Phemex Crypto Market Daily: Lido DAO Surges 10% as BTC, ETH Rebound; Major Token Unlocks Today (Jul 21)

Ethereum's Tokenized RWA Market Cap Grows by $7.2 Billion, Holds 52.5% Share

Tokenized Stock Market Cap Surges Over Fivefold to $1.7 Billion

CryptoQuant Warns of Weak BTC Spot Demand and Long Liquidation Risk

Kalshi and Polymarket Open Interest Drops 20% Post-World Cup

Stablecoin Supply Drops $1.24B as DEX Trading Rebounds

Solana Q2 Report Highlights Surge in Tokenized Asset Trading

Bitcoin Consolidates Around $64.5K Amid Stabilizing Market Conditions

BTC Trades Steadily Amid Rising Oil Prices and Market Volatility

Solana Tops Blockchain Network Revenue for First Time in Five Months

Bank of America Warns of Extreme Bullish Sentiment, Advises Caution

SOL Spot ETFs See $948,200 Net Inflow Last Week

Ethereum Spot ETFs Attract $105M in Net Inflows, Led by BlackRock's ETHA

Agent Trading Volume on Robinhood Chain Exceeds $150 Million

Zhipu Shares Plummet Over 13% Amid Market Volatility

Stablecoin Market Cap Drops by $1.415 Billion in a Week

Phemex Crypto Market Daily: BTC Slides as Geopolitical Risks Rise, ETH Outperforms on DeFi Strength (Jul 20)