Crypto World
BONK DAO Loses $20 Million as Stolen Tokens Hit Exchanges
BONK DAO has confirmed that attackers drained an estimated $20 million worth of BONK tokens from its treasury through a malicious governance proposal.
The stolen funds have reportedly started moving to exchanges, prompting the project to coordinate with exchanges, the Solana Foundation, and law enforcement in an effort to recover the assets.
BONK DAO Confirms $20M Governance Attack
BONK DAO has become the latest victim of a high-profile decentralized governance attack after confirming that approximately $20 million in BONK tokens was drained from its treasury.
According to the project’s official statement, the attacker successfully passed a malicious governance proposal, allowing treasury funds to be transferred to wallets under their control. BONK said it has already identified the exchange wallets used to accumulate voting power before the proposal was executed.
The team is now working alongside exchanges, the Solana Foundation, bridges, and law enforcement to track the stolen assets and explore recovery options.
How the Attack Worked
Preliminary on-chain analysis shared by blockchain investigators suggests the attacker purchased roughly $4 million worth of BONK to secure enough voting power for the proposal.
Once approved through BONK DAO’s governance system on Solana’s Realms platform, the proposal authorized the transfer of an estimated $20 million from the DAO treasury.
Unlike a smart contract exploit, the incident appears to be a governance attack, where token-weighted voting was used to legitimately approve a malicious treasury transaction.
Reports also indicate that portions of the stolen BONK have already begun moving to cryptocurrency exchanges, raising concerns that the attacker may attempt to liquidate the holdings.
What’s Next for BONK?
The investigation remains ongoing, with BONK stating that recovery efforts are underway.
The incident is expected to renew industry debate over DAO governance security, particularly around safeguards such as timelocks, multisignature approvals, and treasury execution delays designed to prevent single governance proposals from draining protocol funds.
Investors will now be watching for updates on potential fund recovery, exchange actions, and whether BONK introduces governance reforms to strengthen treasury protection.
The post BONK DAO Loses $20 Million as Stolen Tokens Hit Exchanges appeared first on BeInCrypto.
Vitalik Buterin has confirmed a winner in his AI challenge to unmask his anonymous writing, after researcher Franklyn Wang traced a hidden EIP-7503 revision back to the Ethereum co-founder.
Buterin launched the experiment on June 22, offering up part of his own anonymity to test whether AI stylometry can identify hidden authors. For 13 days, no one succeeded.
AI Challenge Winner Matched Reasoning, Not Prose
Wang ran the search through Co-Invest, an AI research engine, and flagged a December 2024 revision of EIP-7503, the Zero-Knowledge Wormholes privacy proposal. A throwaway account submitted the rewrite, which now forms roughly 75% of the proposal’s text.
The disguise nearly held. Keyvan Kambakhsh, an original EIP-7503 author, reviewed and approved the anonymous edit at the time. According to Wang’s analysis, his model gave the pick just 20% confidence, yet 10 times its next candidate. The search reportedly took about two hours.
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Buterin drafted the revision in Chinese, translated it locally with Alibaba’s Qwen2.5 model, and manually fixed the output. However, that camouflage covered only his prose.
“Notice that the stylistic hints that his AI picked up on were intellectual habits and style of math and algorithm explanation, which bypassed my obfuscation strategy (which only covered prose) completely.”
Buterin confirmed the result on Monday. Wang, for his part, argued the same engine could hunt trading signals across news and on-chain data.
What the Result Means for Pseudonymous Developers
Stylometry has unmasked authors before. In 2013, forensic linguists identified J.K. Rowling as crime novelist Robert Galbraith through vocabulary and phrasing. Buterin’s test suggests detection now reaches deeper, into how an author reasons rather than how they write.
That shift matters for an industry built on pseudonyms, from Satoshi Nakamoto down. Ethereum alone recently passed 1 million developers, while European regulators already fuel crypto privacy fears.
Buterin has championed privacy for years, from co-authoring the Privacy Pools paper to his Lean Ethereum roadmap. His self-experiment also sharpens the debate over AI safety rules as models grow more capable.
Whether obfuscation can catch up, or whether this “thoughtprint” detection keeps improving, may become clearer as researchers rerun Wang’s method on other anonymous work.
The post Vitalik Buterin AI Challenge Solved in 2 Hours: Can Developers Stay Anonymous? appeared first on BeInCrypto.
XRP’s Binance Scarcity Index has climbed to 0.77, its highest reading in more than two years, while the token trades near $1.13. The signal points to shrinking sell-side supply on the largest exchange for the asset.
CryptoQuant data shows Binance XRP reserves have dropped roughly 20% since November 2024. Meanwhile, derivatives markets suggest shorts got squeezed near $1, setting up a test of the $1.20 resistance.
XRP Binance Scarcity Index Rises to Its Highest Level Since Mid-2024
The XRP Binance Scarcity Index reached about 0.77 this week, according to CryptoQuant analyst ArabxChain. The reading is the highest in over two years and follows a long stretch of relative stability.
The index tracks how scarce XRP has become on Binance compared to earlier periods. Rising values suggest fewer coins are available for sale, which typically translates into weaker potential selling pressure.
Historically, the deepest negative readings told the opposite story. In December 2024, the index collapsed as holders flooded Binance with deposits to take profit during the rally toward $3. Today’s setup is the mirror image, with coins leaving the exchange into price weakness.
Exchange reserve data confirms the withdrawal trend. Binance held around 3.27 billion XRP in November 2024. That figure now sits near 2.6 billion, a decline of roughly 650 million coins, or 20%.
Moreover, the drawdown accelerated recently. Reserves slid from about 2.8 billion in May to 2.6 billion in early July, the same window in which the scarcity index broke out.
A sharp dip and rebound of roughly 350 million XRP in February and March likely reflected internal wallet transfers rather than organic flows.
Shorts Paid the Price at the $1 Bottom
Shrinking supply alone does not lift prices, however. Demand remains the missing piece, and derivatives data shows how positioning around it has shifted.
Coinglass data shows XRP’s open interest-weighted funding rate stayed mostly positive through May, even as price fell from above $1.45. Longs kept paying and kept getting punished.
In contrast, June brought a sharp flip. Negative funding clusters deepened as the price approached $1, and the most aggressive negative prints hit between June 26 and 28, right at the lows. Shorts were paying to press a market that had already hit its deepest holder losses in 12 years.
That crowding set the stage for a squeeze. The rebound to $1.13, therefore, reads as short covering rather than confirmed spot demand. Funding has turned mildly positive since early July, suggesting a positioning reset without tipping into euphoria.
XRP Price Prediction Hinges on the $1.20 Resistance Zone
The daily chart frames the battle. XRP fell from above $1.55 in February to the $1.00-$1.04 support zone in late June, the area a previous analysis flagged as the last major floor. That zone drove the current rebound, and XRP is now 8.6% higher over the past 7 days.
The nearest resistance stands at $1.20, the level that capped the mid-June bounce. A daily close above it would open the May breakdown area at $1.35-$1.40, roughly 22% above the current price. The daily RSI near 55 leaves room for such a move before overbought conditions appear.
Still, caution flags remain. Volume has declined throughout the recovery, a sign that spot buyers have not yet embraced the move.
However, demand may be building elsewhere. XRP volume recently topped Bitcoin (BTC) on Upbit, and BeInCrypto’s July prediction noted seasonal strength for the token.
A drop back below $1.00 would invalidate the recovery structure entirely. Thin Binance supply gives bulls leverage above $1.04, yet the same setup collapses quickly if the $1 floor gives way.
The post XRP Binance Scarcity Index Hits 2-Year High: What Does It Mean for Price? appeared first on BeInCrypto.
The decentralized autonomous organization (DAO) behind the Bonk (BONK) memecoin reported that an unknown entity had removed $20 million worth of the tokens in what it described as an attack using a “malicious governance proposal.”
In a Monday X post, the Bonk project said that it had informed law enforcement after the $20 million attack and was working to “recover funds and identify those responsible.” According to BonkDAO, the parties had drained $20 million in tokens from the project’s treasury on the Solana blockchain.
One of the dog-themed memecoins, along with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), BONK launched in December 2022, with its developers airdropping half of the token’s total supply. The price of BONK dropped about 7% over 24 hours amid reports of the attack, to about $0.05.
Source: Bonk Inu
The market capitalization of the top memecoins, including DOGE, SHIB and Pepe (PEPE), hit a two-year low last week, dropping to about $22 billion before recovering to more than $26 billion in July. According to CoinMarketCap data, the total market cap was $25.3 billion at the time of publication, down more than 54% over the previous 12 months.
Related: US senator calls for ban on elected officials issuing memecoins
In May, the memecoin launch platform DxSale reported losing $7.3 million in tokens following a cyberattack affecting liquidity providers on the BNB Chain. Although sleuths were able to identify the attacker’s wallet, one expert said the infrastructure used to move the funds could make tracing them difficult.
Trump memecoin holders lose big as president reports billions in crypto earnings
On Saturday, the New York Times reported that about 1 million investors in US President Donald Trump’s memecoin, Official Trump (TRUMP), had collectively lost $3.8 million as of June 30. The report, citing data from blockchain analytics company Nansen, came a few days after the president disclosed that he had earned more than $1.4 billion from his crypto-related ventures, including about $635 million from memecoin projects.
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Crypto-related losses have fallen 46.8% year over year to $1.32 billion during the first half of 2026, but blockchain security firm CertiK has warned that the decline does not indicate a safer digital asset ecosystem.
Summary
- CertiK says crypto losses fell 46.8% to $1.32 billion in H1 2026, but the decline does not mean the industry has become safer.
- Wallet compromises replaced phishing as the biggest attack method in Q2, with North Korean-linked attacks driving most major losses.
- CertiK and TRM Labs warn that attackers are becoming more targeted and sophisticated, making private key security a top priority.
According to CertiK’s H1 2026 security report, the lower loss figure is heavily influenced by the absence of an event on the scale of the $1.4 billion Bybit exploit recorded in the same period last year.
The firm said a simple comparison of headline numbers creates a misleading impression because attackers are carrying out fewer random campaigns and instead executing more targeted operations that inflict heavier damage per incident.
Attack patterns have become more concentrated
Breaking down the first-half figures, CertiK reported that phishing remained the leading cause of crypto theft during the first quarter, resulting in losses of $508.2 million. During the second quarter, however, wallet compromises overtook phishing as the largest attack method, accounting for $807.5 million in stolen assets.
A significant share of those losses came from just two major incidents. CertiK said more than 70% of the second-quarter total stemmed from attacks targeting KelpDAO and Drift Protocol, both of which are believed to have been carried out by North Korean state-sponsored hackers.
While total losses appear lower, CertiK said the industry is facing a structurally higher rate of attack activity than a year earlier. Excluding the exceptional Bybit hack from 2025, the firm concluded that individual attacks are becoming more financially damaging and increasingly focused on high-value targets instead of opportunistic exploits.
Separate findings from blockchain intelligence firm TRM Labs support that assessment. In its H1 2026 report released on Wednesday, TRM Labs said the decline in the total value stolen should not be interpreted as evidence that attackers have become less capable. According to the firm, the lower figure is largely the result of there being no record-breaking theft comparable to the Bybit incident during the reporting period.
TRM Labs also found that the number of crypto-related security incidents rose sharply from 83 in the first half of last year to 207 in H1 2026, the highest six-month total the company has recorded. Its analysis further showed that smart contract exploits accounted for 125 incidents, representing roughly 60% of all recorded attacks.
Private key security remains the main defense
Alongside its assessment of attack trends, CertiK identified private key management and multisignature wallet controls as the most critical areas requiring stronger protection. The firm recommended that crypto protocols and institutions securing substantial onchain assets strengthen every layer of key management, including hardware security, multisignature governance and geographic distribution of wallet signers.
CertiK said investments in these controls can produce disproportionately strong security benefits because they directly reduce the impact of attacks targeting sensitive wallet infrastructure.
Attention has also turned to the growing role of North Korean cyber operations. According to TRM Labs, North Korean hackers have stolen more than $6 billion worth of cryptocurrency since 2017. The recent attacks linked to KelpDAO and Drift Protocol prompted officials from the United States, Japan and South Korea to meet late last month to discuss ways to curb North Korea’s cyber activity and the illicit revenue generated through crypto theft.
During those discussions, government representatives acknowledged that North Korean IT workers are increasingly using artificial intelligence to improve the scale, speed and sophistication of cyber operations. Several cybersecurity leaders have separately warned that AI-assisted techniques are making protocol exploits harder to detect and defend against.
Meanwhile, hardware wallet maker Ledger has continued to advise crypto users to keep recovery seed phrases offline and never disclose them, describing those practices as basic but essential safeguards against phishing attacks and unauthorized wallet access.
Key takeaways:
- Bitcoin derivatives show resilience despite bearish pressure from Strategy’s Bitcoin sales.
- Onchain Bitcoin data points to sellers’ exhaustion, strengthening the $60,000 support level.
Bitcoin price quickly recovered from the selloff to $61,300 that followed Strategy’s Bitcoin sale announcement. Despite the negative impact on traders’ sentiment, the additional $216 million cash position eased concerns about the company’s ability to pay dividends and cover its debt. Does the quick recovery suggest that Bitcoin bulls back in control?
Bitcoin perpetual futures annualized funding rate. Source: Laevitas
The Bitcoin perpetual futures annualized funding rate jumped to 9% on Monday, indicating balanced demand between bullish and bearish leverage. While far from displaying conviction, the indicator distanced itself from the bearish momentum on Saturday marked by negative funding rates. But unlike the futures markets, Bitcoin options signaled minor stress on Monday.
Bitcoin options premium put-to-call ratio at Deribit. Source: Laevitas
The put (sell) options premium at Deribit outpaced the equivalent call (buy) instruments on Monday, reverting the trend from Thursday and Friday. Typically, periods of stress can easily push the indicator above 2 times, hence the current 1.15 level remains under the neutral range. Bitcoin futures and options displayed resilience, although the bounce to $63,500 was unable to instill bullishness.
Bitcoin ETF flows reversal and long-term holders conviction favor $65,000 rally
Bitcoin bears might have underestimated the relevance of the $223 million net inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) on Friday, the first after 10 consecutive outflows. The record-high $4.51 billion net outflows in June negatively impacted trader sentiment.
Still, the sell pressure will eventually subside, and the potential reversal in ETF flows could be enough to instill bullishness in Bitcoin derivatives markets.
US-listed spot Bitcoin ETFs daily net flows, USD. Source: SoSoValue
Part of the recent bearishness can be pinned to the record drawdown in Strategy preferred perpetual equity Stretch (STRC US), which offers holders an attractive 12% yield. However, new stock issuance can occur only at the fixed $100 price; hence, the company currently has fewer instruments available to support the dividend payout.
Strategy holds sufficient cash reserves to cover 17 months of dividends; thus, the urgency of additional Bitcoin sales is debatable.
Strategy preferred perpetual equity Stretch (STRC US). Source: TradingView
Regardless of Strategy’s extremely low 8% debt leverage, Bitcoin bears have the upper hand as the company endures $8 billion in unrealized losses from its Bitcoin purchases. Bitcoin bulls’ biggest hopes rely on long-term holders’ conviction and onchain data pointing to selling exhaustion, strengthening the $60,000 support level.
Bitcoin transfers from long-term holders to exchanges, BTC. Source: Glassnode
Transfers from long-term holders to exchanges are down to 4,130 BTC per day on average, from 8,040 BTC one week prior. Nonetheless, unless the spot Bitcoin ETFs exhibit a sequence of relevant net inflows, derivatives traders will likely remain skeptical of sustained bullish momentum, reducing the odds of a sustained rally above $65,000.
Presently, Strategy’s huge unrealized losses and skepticism in Bitcoin derivatives point to further pressure from bears.
Nvidia stock trades near $195, and it has quietly become the worst performer in its own chip group in 2026.
The slide comes as investors question whether the AI boom that powered Nvidia can keep paying off. A delayed mega-IPO has only deepened those doubts.
Why Nvidia Stock Price is Lagging
Nvidia (NVDA) is mostly trading flat this year. Its peers have soared, with the semiconductor ETF up nearly 59% and rivals like AMD and Micron gaining well over 100%. The pain is recent. After a strong 2025, Nvidia stock fell about 18% from its June high, including a 10.7% drop in June alone.
Meanwhile, the wider AI trade has cooled. Reuters reported in late June that OpenAI may delay its IPO to 2027 to protect a $1 trillion valuation.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
That matters because it signals caution. When the biggest AI name waits rather than test the market, investors read it as a warning on stretched valuations, and Nvidia is the sector’s bellwether.
The Catalysts That Could Turn It Around
Still, the news is not all bad. Washington has begun issuing licenses for Nvidia to sell its H20 chips in China again, reopening a key market the US had blocked.
Big customers could help too. Microsoft, Meta, Amazon, and Alphabet report earnings in late July, and strong AI spending plans would point straight to more Nvidia chip orders.
One caveat on timing. Nvidia’s own results do not land until late August, so July hinges on these outside events, not the company’s numbers. It is worth noting that Nvidia’s Q1 earnings report landed in May, and April and May were the best months in terms of returns.
If the Nvidia stock price follows the same trend, July could be a bullish month, on record.
Money Flow and Positioning Are Mixed
The tape sends mixed signals. Chaikin Money Flow, a gauge of whether big money is buying or selling, has climbed since June 25 and now sits near zero at -0.01. That hints that money is trickling back in early July, which aligns with recovery month expectations shared earlier.
Yet, the CMF must cross above the zero line to confirm buying.
Options lean the same way. The put-call ratio’s volume reading eased to 0.48 while open interest held at 0.82, showing a few more bullish call bets.
Large traders, however, disagree. Smart money data, per crypto perps, shows a net short of about $16.7 million in Nvidia, the heaviest short among major chip names.
Even with those shorts in place, the setup is unlikely to spark a crash. According to The Kobeissi Letter, leveraged ETF bets on Nvidia total about $5.6 billion against $28.8 billion in daily trading, far tamer than the crowded leverage seen in Korean chip stocks like SK Hynix. That matters for the downside.
With little forced leverage to unwind, any further drop in Nvidia stock is more likely to be an orderly slide than a violent, cascade-driven crash.
Nvidia Stock Price Levels to Watch
For now, one number rules the chart. Nvidia lost the $200 level on June 23 and has not reclaimed it. A move back above $200 would flip momentum and open room toward the $207 to $213 zone inside its falling channel.
On the downside, $189 marks the channel floor. A daily close below it would expose a deeper slide. So the setup is binary. Strong AI spending guidance from the big cloud companies in late July, or a firm China deal, could push Nvidia stock back above $200, while fading AI confidence could crack $190.
The $200 level separates a July recovery from another leg lower.
The post What to Expect From Nvidia Stock in July 2026: Recovery or Another Leg Down? appeared first on BeInCrypto.
South Korea has given Polymarket an opportunity to defend its operations before regulators decide whether to seek corrective action over concerns that the prediction market platform may violate the country’s gambling laws.
Summary
- South Korean regulators will hear Polymarket’s response before deciding on possible corrective action.
- Authorities are reviewing whether the platform’s prediction markets violate the country’s gambling laws.
- The review follows an earlier police investigation into South Korean Polymarket users over alleged illegal gambling.
The Broadcasting, Media and Communications Review Committee said on Monday that it will hear Polymarket’s explanation before reaching a final decision on a corrective request tied to the platform’s legality and service model. According to a machine translation of the committee’s statement, regulators decided to allow the company to present its position so they could fully examine both the legal status of Polymarket and how its services operate.
Rather than issuing an immediate recommendation, the committee said it wanted to verify whether the platform’s activities fall within South Korea’s legal framework governing online gambling-related services. The review could determine whether authorities proceed with corrective measures against the platform.
Regulators are reviewing whether Polymarket violates gambling laws
South Korea’s National Gambling Control Commission Act classifies illegal gaming businesses as services that facilitate speculative gambling over the internet. The law also gives regulators authority to identify, monitor, and respond to businesses that may fall into that category.
As part of that review, authorities are assessing whether Polymarket’s prediction markets comply with domestic regulations. The committee’s decision to seek the company’s response comes before any final enforcement recommendation is made.
Outside South Korea, Polymarket already limits access in multiple jurisdictions. According to the company, users in 33 countries cannot access its platform, including the United States, the United Kingdom, France, Germany, Brazil, Singapore, Japan and Australia. Polymarket says those restrictions are designed to comply with sanctions, local financial regulations, gambling and prediction market laws, anti-money laundering requirements and Know Your Customer rules.
The company also blocks access in selected regions within otherwise supported countries, including Alberta, British Columbia, Ontario and Quebec in Canada, along with Crimea, Donetsk and Luhansk in Ukraine.
Authorities have expanded scrutiny beyond individual users
Attention from South Korean authorities has increasingly moved beyond local users to the platform itself. The latest review follows an earlier criminal investigation involving South Korean users who allegedly participated in election-related prediction markets that authorities considered illegal gambling.
On June 5, the Gangwon Provincial Police opened what local media described as the country’s first investigation into local Polymarket users over suspected illegal gambling. According to those reports, the investigation was requested by the National Police Agency.
South Korean law carries financial penalties and possible prison terms for gambling-related offences. Under the country’s Criminal Act, gambling can result in a fine of up to 10 million won (about $6,500), while habitual gambling may carry a prison sentence of up to three years or a fine of up to 20 million won. Separately, operating a gambling venue for profit is punishable by up to five years in prison or a fine of up to 30 million won.
For now, the review committee has not announced any enforcement action against Polymarket. Instead, regulators have chosen to consider the company’s explanation before deciding whether corrective measures should be requested, leaving the platform’s status in South Korea dependent on the outcome of that legal assessment.
Prominent blockchain investigator ZachXBT said that several meme coins using his name and likeness were launched across multiple blockchains over the past week to capitalize on the recent attention surrounding him.
He clarified that he had no involvement with any tokens and reiterated his longstanding position that he would never endorse or launch a meme coin.
Copycat Tokens Emerge
In his recent post, ZachXBT disclosed that every token sent to his donation wallet was sold on the market. All proceeds were directed to charitable causes rather than kept for personal use.
In total, around $41,000 was donated through The Giving Block to support earthquake relief efforts in Venezuela. The funds included 25,000 USDT sent to GiveDirectly on July 6, 5,000 USDT sent to Direct Relief later that day, and 153 SOL, worth about $11,000, donated to Direct Relief on June 28.
ZachXBT rose to prominence as one of crypto’s most respected investigators after repeatedly exposing scams and bad actors. He has consistently distanced himself from meme coins. In April, ZachXBT said he had never promoted, deployed, or shared the contract address of any meme coin with his followers. He had also added that while he maintains a public donation wallet to support his investigative work, he sells all tokens sent to it.
This stance was also evident in December 2023 after he temporarily deactivated his X account, warning users not to buy meme coins using his name. Following his brief departure, several Solana-based meme coins tied to his persona emerged.
Many community members defended him. Former Wall Street trader turned crypto artist Ovie Faruq had then said that ZachXBT had done more than anyone to protect retail investors from crypto scams.
Recent Investigations
His latest target was MemeCore. ZachXBT called out the controversial meme coin and questioned its multibillion-dollar valuation. He also asked why insiders appeared to control more than 90% of the token supply and criticized major exchanges for listing it despite red flags.
He has also raised similar concerns about the SIREN and LAB tokens this year.
The post ZachXBT Turns Unwanted Meme Coin Donations Into $41K for Venezuela Relief appeared first on CryptoPotato.
Ethereum price is trading at $1,780 as Vitalik Buterin revealed the network’s biggest roadmap since the Merge, which somehow sends ETH’s prediction higher. The catch is that it won’t happen anytime soon. Instead, the overhaul is expected to take three to four years, giving the market plenty of time to figure out what it really means.
The roadmap, published on strawmap.org, lays out seven major upgrades through 2029. Buterin described Lean Ethereum as the network’s third major chapter. It includes zero-knowledge validity proofs, quantum-resistant cryptography, faster transaction finality, and a redesigned two-tier storage system.
The storage overhaul stands out the most. Buterin called it the plan’s most disruptive change because it reshapes how Ethereum stores and manages data. Hegota, expected as the second hard fork of 2026, is likely the last major upgrade before Lean Ethereum starts rolling out.
For now, ETH is hovering around an important technical level while this long-term plan begins to take shape. The roadmap will not change the network overnight, but it gives traders and investors something bigger to watch than the next daily candle.
Discover: The Best Crypto to Diversify Your Portfolio
Ethereum Price Prediction: Recover to $2,000?
Ethereum is trying to stabilize after several volatile weeks, with buyers defending the area around $1,750. That level has become the market’s last line after the previous support gave way. Meanwhile, $1,850 is the first hurdle bulls need to overcome before sentiment can improve.
Momentum has started to recover, but the technical picture still calls for caution. The RSI has rebounded from oversold territory and is moving toward neutral, showing that selling pressure has cooled. Even so, buyers still need stronger follow-through to confirm the shift.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
If ETH breaks above $1,850, it could extend toward the $1,950 region. However, another rejection may send the price back to test $1,750. A daily close below that level would leave $1,680 as the next support, making the current range especially important.
The longer-term outlook remains constructive, supported by continued network development and steady institutional participation through staking products. Still, those catalysts are unlikely to erase short-term volatility overnight, so the price will probably continue reacting to key technical levels before the next sustained move.
Discover: The Best Token Presales
LiquidChain Targets Early-Mover Upside as Ethereum Tests Key Levels
A multi-year rebuild cycle at the L1 level is precisely the kind of environment where L3 infrastructure plays gain traction. Developers need execution environments that abstract away the transition chaos beneath them.
ETH at current levels offers legitimate upside, but entry here means tolerating the full drawdown risk of a technically weak chart while waiting on a 3-4 year protocol overhaul. Some traders look one layer up the stack for asymmetric positioning.
An L3 crafted by LiquidChain? — LiquidChain (@getliquidchain) July 6, 2026
That is the most powerful type of Magic. 
⟁https://t.co/vqvBcdSQYC pic.twitter.com/7Rwd3fVOGc
LiquidChain is an L3 infrastructure project built around a unified liquidity layer that fuses Bitcoin, Ethereum, and Solana into a single execution environment. The core pitch is architectural: developers deploy once and access liquidity across all three ecosystems, with verifiable settlement and single-step cross-chain execution.
The presale is currently priced at $0.0147, with $888K raised to date. That figure is close enough to the $1M threshold to matter as early-stage presales tend to reprice at milestones.
Traders evaluating the project can research LiquidChain’s presale details here.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
The post Ethereum Price Prediction: Vitalik Hints at 3-4 Years Long ETH Rebuild appeared first on Cryptonews.
Yield Guild Games (YGG), the web3 gaming guild that pioneered play-to-earn gaming, is sunsetting its game publishing arm YGG Play, affecting 35 jobs, co-founder Gabby Dizon said on X Monday. YGG will pay departing staff eight additional weeks during the transition and help them find new roles,… Read the full story at The Defiant
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