Crypto World
Bitcoin, Ethereum Outperform Markets in July as Chip Stocks Plunge 22%
Bitcoin (BTC) and Ethereum (ETH) look set to finish July ahead of most major asset classes, with the former adding over 7% and the latter gaining almost 20% in the last 30 days.
The performance adds to a month of recovery for the two largest cryptocurrencies after a difficult first half of 2026, although historical data suggests August has been a much tougher month for BTC.
Bitcoin and Ethereum Lead July Returns
Data from CoinGlass at the time of writing showed that Ethereum had gained 19.5% during the month while Bitcoin had risen 7.37%. Meanwhile, a comparison by analyst Ash Crypto across major markets showed chip stocks fell 22% in the same period, with the Nasdaq 100 and the Russell 2000 slipping by 9% and 3%, respectively.
The S&P 500 also fell, but its decline was much smaller than that of its counterparts, at about 1%. Silver dropped by 2.64%, but gold was little changed, adding just 0.38% to its value over 30 days.
What makes the gains by the cryptocurrencies noteworthy is that before July, they had endured a rough 2026. CoinGlass data shows BTC fell more than 10% in January, as it continued a red run that had started in October 2025. That sequence continued into February, when the OG crypto lost almost 15%, before reprieves in March and April. May registered a -3.41% return and June recorded the worst drop of the year so far when the asset lost over 20% of its worth.
Ethereum’s first two quarterly performances were just as bad, with Q1 returns at -21.26% and those for Q2 at -25.28%.
Recall that BTC started July trading near $58,000 but gradually climbed the chart, hitting a monthly high near $67,000 last week before price action started cooling somewhat. It was pretty much the same with ETH, as CoinGecko data shows it kicking off the month near $1,500 and eventually ending up very close to $2,000 as July drew to a close.
At the time of writing, the world’s second-largest cryptocurrency was changing hands just above $1,900, having shed about 1% in the last seven days. However, despite the good monthly run, it’s still more than 50% lower than where it was a year ago and about 61% away from its August 2025 all-time high. Bitcoin, on its part, has settled near $64,000, which is almost half of its own ATH, after shrugging off the slight volatility that came with yesterday’s decision by the Fed to keep interest rates unchanged.
August Record Keeps Traders Cautious
While July brought relief for crypto investors, CoinGlass data points to a recurring seasonal pattern. Every August since 2022 has ended with Bitcoin posting a monthly loss, including declines of 6.49% in 2025, 8.6% in 2024, 11.29% in 2023 and 13.88% in 2022.
That backdrop has kept analysts divided on what comes next, with Ali Martinez forecasting that Bitcoin’s bear market could last until October, while traders Pepesso and Crypto Lens expect another move lower before a broader recovery begins in 2027.
The post Bitcoin, Ethereum Outperform Markets in July as Chip Stocks Plunge 22% appeared first on CryptoPotato.
The United States and Iran are again at war. The renewed conflict is not about Iran’s nuclear program or regime change, but over the Strait of Hormuz through which a fifth of the world’s oil must pass.
For two weeks, American missiles have struck Iran. In turn, Iran has retaliated against American allies: Kuwait, Bahrain, and Jordan. Four U.S. soldiers have been killed and 142 wounded; at least 53 Iranians have been killed and 592 injured since July 6. Iran’s Islamic Revolutionary Guards Corps (IRGC) claimed to have destroyed an oil tanker in the Strait of Hormuz. Traffic in the strait has slowed to a trickle and oil prices have jumped again.
The ceasefire and the initial agreement signed on Jun. 17 lasted barely three weeks, undone by rival readings of a deliberately vague text. Washington wanted free navigation in Hormuz restored; Tehran insisted that it was the master of the strait. When traffic resumed, ships and tankers avoided the mined central route of the strait and hugged its southern coast close to Oman under American protection or sailed along the northern coast of Hormuz close to Iran, where it levied a “toll” for safe passage.
On July 7, the IRGC fired on ships defying routes designated by Iran; American airstrikes followed. Three days later, on July 10, President Donald Trump notified Congress that the war between the U.S. and Iran had resumed. Iran formally suspended the agreement, citing strikes, sanctions and Israel’s operations in Lebanon.
The costs are mounting. For decades, maritime traffic from Saudi Arabia, whose eastern border sits on the Persian Gulf, has passed through Hormuz to reach the Arabian Sea and the Indian Ocean. Since the closure of Hormuz, the Kingdom has been moving roughly four million barrels a day—around four times its pre-war volume—through the port of Yanbu on the Red Sea, along its western border.
But the Red Sea has a chokepoint of its own: the Strait of Bab al-Mandab, at its southern end, off the coast of Yemen, which connects it to the Gulf of Aden and the broader Arabian Sea. On July 20, the Houthis, Iran’s allies in Yemen, declared a maritime embargo on Saudi Arabia at Bab al-Mandab, invoking “an eye for an eye.” They have already struck two Saudi tankers in the Red Sea. With the chokepoints of Hormuz and Bab al-Mandab now contested simultaneously, the Gulf’s energy systems face an unprecedented strain.
American strikes have targeted Iran’s southern coastline and the approaches to Hormuz, with inland strikes largely reserved for the missile bases that allow Iran to reach the U.S. bases across the region. Its intensity is lower than the 40-day military campaign that preceded it, and it is an open-ended campaign: a war of attrition fought over a waterway. This is, for now, a bilateral contest, with Washington keeping Israel outside the frame for as long as Iran refrains from striking Israeli territory directly.
American objectives have contracted to reopening the Strait of Hormuz. Having survived the war and denied the U.S. and Israel their stated aims, Iran now regards the outcome as a victory and is working to shape and cement its terms.
Why Iran thinks it has won
Iran has managed to impose significant human and material costs. The war has already cost the U.S. more than $37.5 billion, 18 U.S. service members have been killed and 624 have been injured. Wartime learning, intelligence and technological cooperation with Russia and China, and better access to satellite imagery have markedly improved Iran’s missile and drone strike accuracy. And Iran has been able to rattle the global energy markets by closing the Strait of Hormuz, weaponizing a chokepoint that offers continuous leverage over the global economy.
Iranian strategists are aiming for something more ambitious: raising the cost of hosting American forces until the U.S. thins out its regional military presence. The U.S. has indeed moved some military assets away from the Persian Gulf toward Jordan and Israel. American radars, bases and surveillance systems across the Arab states also function as early-warning systems for Israel. Iran’s concentrated attacks on those systems in March and April likely improved its ability to attack Israel with its long-range missiles.
Tehran seems to hope that a combination of its control of Hormuz and the coercive power of its drones and missiles would make the Gulf states reluctant to host U.S. forces and facilitate military operations against Iran. That instead, the Gulf states would seek security arrangements with the Islamic Republic.
Iran is also tailoring its approach to different Gulf countries: it has no appetite for a direct war with Saudi Arabia, so the Houthis in Yemen carry the Saudi file. The Houthis imposed their embargo on the Bab al-Mandab Strait on July 20, days after Iranian officials signaled that the strait would close if American strikes on Iran’s infrastructure continued. The Houthis had their own reasons to move, especially Riyadh’s siege of Yemeni ports and a military strike on Sanaa airport. But either way, Tehran gained a second strategic chokepoint.
Intense Iranian attacks on Kuwait are the lesson intended for every Gulf state hosting U.S. forces. Kuwait facilitated American strikes on Iran from its territory, and Iranian drones have answered by striking the power and desalination plants that Kuwait depends on for roughly 90% of its drinking water. The strikes on Kuwait are also aimed at degrading a potential staging ground for a potential U.S. ground operation in southern Iran.
What this strategy lacks is a clear account of how Iran would convert wartime leverage into a durable political settlement. Tehran has shown how it can disrupt global energy supplies and impose costs on the U.S. and its allies, but it is not clear how it can remain in a permanent state of confrontation with America and the Gulf states.
Iran, America, and the limits of force
The first challenge Iran faces is the asymmetry of pain thresholds. American credibility is on the line, but Iranian territory is being hit hard. Year-on-year inflation in Iran reached an astonishing 88.6% by late June. In southern provinces, which are facing the brunt of the renewed conflict, inflation has crossed 101% in Hormozgan, 99% in Khuzestan, and 96.5% in Bushehr. Iran’s energy ministry has asked the citizens to ration electricity in extreme heat as American strikes strain the electricity grid. The Islamic Republic crushed a nationwide uprising in January, has an economy in free fall, and is fighting a war with America. Its most dangerous front may prove to be the domestic one.
Iran’s coercion of the Gulf states may produce the very coalition it fears. Attacks on Kuwaiti power and desalination plants are pushing Kuwait, Saudi Arabia, and the United Arab Emirates toward closer security cooperation with each other, with Washington, and eventually, with Israel. Given the disparity in economic resources between Iran on one side of the Persian Gulf, and Saudi Arabia, the United Arab Emirates, and Qatar on the other side, a counterbalancing bloc would hold the stronger hand over time.
The biggest challenge Iran faces: Israel’s secretive nuclear powers. Iran has been trying to destroy the U.S. surveillance and radar systems in the Gulf that serve as early warning systems for Israel. If Iran continues succeeding in degrading those early warning systems, Israel would have to confront its missiles with less warning and thinner interception depth. A more vulnerable Israel could lean harder on its nuclear deterrent. Iran’s success could turn out to be extremely dangerous.
Washington’s options are no better. Trump has promised to destroy “one bridge or power plant” for every ship Iran fires on. A war on infrastructure would amount to war crimes by Washington, and it would not change Tehran’s calculations. Iran would retaliate against Gulf infrastructure, and the destruction would spread across states that are party to none of this.
Airstrikes on Iran’s most sensitive nuclear facilities would also yield little. Trump has threatened to “very heavily” hit the area around Pickaxe Mountain, a fortified underground site near Natanz, one of Iran’s primary nuclear enrichment facilities. Such an attack would produce symbolic effects and trigger Iranian retaliation against energy and other critical infrastructure in the Gulf.
With the International Atomic Energy Agency locked out of Iran since June 2025 and the fate of nearly 400 kilograms of highly enriched uranium unverified, fresh air strikes on nuclear facilities in Iran would make it even harder to determine what nuclear material and capabilities remain, where they are located, and how quickly the program could be rebuilt. Subsequently, greater ambiguity around Iran’s nuclear capabilities would make any settlement harder to negotiate and verify.
That leaves ground operations. On July 15, Trump reportedly convened a meeting to weigh seizing Kharg Island, through which some 90% of Iran’s crude exports pass, and other territory along the strait. U.S. officials told the Wall Street Journal that Trump remained reluctant to commit ground forces. The threat of a ground invasion is only a threat as long as it stays a threat. Kharg and other such Iranian islands are hard to take and harder to hold. Their occupation would sharply reduce Iran’s oil revenue, but it would not necessarily compel Tehran to reopen the Strait of Hormuz or accept American terms. Iran could respond by intensifying attacks on Gulf energy infrastructure and shipping, while presenting the seizure of its territory as proof that the war had become one of national defense.
Neither Iran nor America has a credible military path to a durable settlement that ends the fighting, restores freedom of navigation through the Strait of Hormuz, and prevents another rapid return to war. Iran’s problem is the long-term cost of its current strategy; Washington’s problem is the diminishing returns on each additional night of bombing.
The choice Tehran and Washington have to make
The way out runs through the initial agreement. Its basic bargain remains workable: Iran would restore freedom of navigation through the Strait of Hormuz and halt attacks on U.S. forces, while Washington would lift its naval blockade of Iran, end its air campaign and suspend the punitive measures imposed after the agreement collapsed.
Pakistani and Qatari mediators are still working. What sank the previous deal was ambiguity: obligations without sequencing, commitments without monitoring, and no mechanism for containing an incident at sea before it became a campaign. Any new agreement will have to specify who verifies what, in what order, and what happens when a ship is hit.
Iran faces a larger decision. It cannot strike American assets in Gulf states indefinitely while expecting those states to put up with the attacks. Tehran must choose between a region organized around coexistence and one it hopes to dominate. Bids for hegemony summon their own opposition: the counter-coalition Iran could provoke, backed by Washington and Israel, would leave it more encircled than the war that began in February ever did. That is the calculation Tehran has yet to make, and the one on which everything else now depends.
SBI Holdings has reaffirmed its exposure to Ripple, telling investors that its Ripple shareholding carries an estimated value of $41.2 billion despite weaker XRP prices and sluggish crypto market conditions.
Summary
- SBI cited a ¥6.6 trillion valuation for its Ripple shareholding during its first-quarter earnings presentation.
- SBI’s crypto asset business posted a ¥1.4 billion pretax loss, although market maker B2C2 remained profitable.
- First-quarter net profit rose 149.9% year over year to ¥148.1 billion.
- SBI is also expanding through the Canton Network and a ¥3 billion crypto fund.
SBI maintains its Ripple position despite XRP weakness
SBI discussed its Ripple investment while reporting results for the first quarter, during which the Japanese financial group described its cryptocurrency business as sluggish.
Management linked the muted operating environment partly to uncertainty over whether the U.S. Senate will pass the CLARITY Act, a proposed market structure bill intended to define oversight responsibilities for digital assets.
“The cryptocurrency business remains sluggish, as if waiting to determine whether the CLARITY Act will be enacted,” SBI said in its earnings presentation.
The company added that its “Ripple shareholding alone is worth ¥6.6 trillion,” equivalent to about $41.2 billion at current exchange rates. The figure represents SBI’s stated valuation and should not be confused with cash realized from selling the investment.
SBI has maintained a relationship with Ripple for roughly a decade. The companies formed SBI Ripple Asia in 2016 to promote blockchain-based payments and settlement services across Japan and other Asian markets.
XRP’s recent decline has weakened sentiment around Ripple-linked assets, but SBI’s comments indicate that the group continues to treat the relationship as a long-term strategic investment rather than a short-term position tied solely to the token’s price.
CLARITY Act remains a key US catalyst
SBI’s comments placed part of the focus on Washington, where lawmakers have continued negotiations over the CLARITY Act before the Senate’s August recess.
Sen. Cynthia Lummis said Senate Majority Leader John Thune had retained space for the legislation on the chamber’s agenda, although nominations, government funding and a sanctions vote were competing for floor time.
“I believe he does intend to go through with it,” Lummis said, adding that a vote could occur within days.
Passage is not guaranteed. Senate leaders would need enough support to overcome procedural hurdles, while any amended version could also require further action in the House.
For Ripple and other U.S.-linked crypto businesses, the bill could provide clearer boundaries between the Securities and Exchange Commission and Commodity Futures Trading Commission. SBI’s remarks suggest the Japanese group views progress on U.S. regulation as relevant to both market activity and Ripple’s longer-term prospects.
SBI reports record first-quarter earnings
Weakness in SBI’s digital asset division did not prevent the broader group from recording its strongest first quarter.
Revenue reached ¥571 billion, while profit before tax climbed to ¥225.8 billion. Net profit attributable to shareholders rose 149.9% from a year earlier to ¥148.1 billion.
SBI reported a 29% return on equity over the past year, exceeding its medium-term target of 15%. However, the crypto asset segment recorded a ¥1.4 billion pretax loss. SBI said institutional crypto market maker B2C2 remained profitable during the period.
The group is also seeking to expand its domestic digital asset business through crypto lending, stablecoin-related services and its planned acquisition of Bitbank. SBI expects the deal to help increase its crypto customer base to about three million accounts and lift assets under custody to approximately ¥870 billion.
SBI expands beyond Ripple and the XRP Ledger
SBI’s blockchain strategy is no longer limited to Ripple. Earlier this week, the group restructured a wholly owned subsidiary to focus on the Canton Network, an institutional blockchain designed for regulated financial markets.
SBI Security Solutions was renamed SBI Digital Practice Co. Ltd. The company will develop financial infrastructure and applications for institutions, including regulatory compliance tools and systems supporting cross-border and multi-currency transactions.
SBI Financial Services has also partnered with Japanese game developer Gumi on SBI Crypto Fund I. The private fund began operating on Aug. 1 with roughly ¥3 billion in committed capital and will invest mainly in Bitcoin and major listed altcoins. Daiwa Securities Group and other investors have backed the vehicle, although individual commitments and planned allocations were not disclosed.
Together, the Ripple holding, Canton Network unit and new investment fund show SBI is broadening its digital asset exposure even as XRP and its crypto division face near-term pressure.
Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to said the company growing too quickly.
“This year’s honorees come from more than a dozen countries, reach audiences across every major platform, and are shaping everything from science, fashion, technology, sports, and entertainment,” TIME’s CEO Jessica Sibley said in her welcome remarks, stepping behind the DJ booth to address the crowd. “Together, you command a combined social following of more than 1 billion across the world’s leading digital platforms,” she continued. “You’re driving the economy—building businesses, creating opportunities, and delivering real value for your audiences.”
Throughout the night, influencer and skin-care brand founder Alix Earle, who appears on the TIME100 Creators cover, posed for photos with guests. Maura Higgins and Serena Page, both supernovas in the Love Island cinematic universe and beyond, reunited with a big hug. Creator mental-health advocate Shira Lazar and psychiatrist turned creator Judith Joseph chatted in the bathroom line. And Kane Parsons—the 21-year-old YouTuber turned director of A24’s Backrooms, which this year became the studio’s highest-grossing feature to date—stopped by the red carpet for an interview conducted by 2025 listee Cyrus Veyssi.
Bitcoin price fell below $64,000 on July 31 as renewed U.S.–Iran tensions lifted oil prices and strengthened the dollar, while its 4-hour chart formed a bearish rounded-top structure.
Summary
- Bitcoin price fell as low as $62,466, extending its rejection from the $65,000 area.
- A rounded-top breakdown points toward $59,000 if support near $62,000 fails.
- Iran reportedly attacked two tankers under U.S. escort in the Strait of Hormuz.
- Oversold momentum and concentrated liquidity near $62,000 could produce a short-term rebound.
Bitcoin price falls below key moving averages
According to data from crypto.news, Bitcoin (BTC) price dropped as much as 3.6% from its intraday high on Friday, sliding from $65,410 to a low of $62,466. It was trading near $63,155 at the time of the daily-chart snapshot, down 2.5% for the session.
The decline pushed Bitcoin below its seven-day and 25-day simple moving averages at approximately $63,445 and $64,488. Losing both levels indicates that short-term sellers have regained control after BTC failed to sustain its July recovery.
Bitcoin also remains far below the 50-day SMA at $69,104 and the 200-day SMA near $71,499. These averages represent major overhead resistance and reinforce the wider bearish structure that has remained in place since the asset fell from above $82,000 in May.
The daily Aroon indicator supports the bearish reading. Aroon Down jumped to 100%, while Aroon Up stood at 28.57%, showing that the latest low occurred much more recently than the last meaningful high.
However, Bitcoin has not yet broken the broader range between approximately $58,000 and $67,000. Sellers would need to force a sustained move below $62,000 to expose the lower end of that structure.
Iran escalation adds to risk-off pressure
Bitcoin’s latest decline coincided with another escalation in the U.S.–Iran conflict and renewed concerns about energy supplies passing through the Strait of Hormuz.
Iran said it attacked two oil tankers attempting to cross the waterway under U.S. military escort. Tehran also claimed it turned back four other vessels, while ship-tracking data showed that traffic through the strait remained thin.
The development carries greater market risk than an isolated attack on commercial vessels because the presence of a U.S. escort raises the possibility of a direct military response.
Iran separately launched drone attacks targeting U.S.-linked military facilities in Kuwait and Bahrain. Kuwait said it intercepted the drones and reported no casualties.
President Donald Trump also convened his Cabinet at Camp David as the administration considered its next steps in the conflict. No new military operation was formally announced during the meeting.
Meanwhile, the U.S. Senate failed in a 49–50 vote to advance a measure restricting Trump’s authority to continue hostilities. The result left the administration’s short-term military options largely unchanged.
These developments lifted oil prices and renewed concerns that higher energy costs could keep U.S. inflation elevated. A stronger dollar and rising Treasury yields added pressure on Bitcoin and other non-yielding risk assets.
The reported U.S.–Israeli proposal for a land blockade of Iran remains an option under discussion rather than an announced policy. It would reportedly involve persuading neighboring countries to restrict Iranian imports and exports.
Bitcoin rounded top targets $59,000
Bitcoin’s 4-hour chart shows a rounded-top formation developing since late June. BTC climbed from approximately $59,000 to a July 22 peak near $66,700 before forming a gradual series of lower highs.
The latest rejection from around $65,000 pushed the price toward the pattern’s neckline between $62,000 and $63,000. A confirmed 4-hour close below that area could validate the breakdown and place $59,000 back in focus.
Momentum indicators currently favor sellers. The 4-hour MACD line fell to approximately minus 229, below its signal line near minus 109. The negative histogram widened to around minus 120, showing that bearish momentum accelerated during the latest decline.
Still, the Stochastic RSI has reached oversold territory. Its two lines stood at 12.29 and 18.60, both below the 20 threshold. That reading does not guarantee an immediate recovery, but it suggests that the sell-off may be becoming stretched over the short term.
Bitcoin may therefore retest the broken $63,400–$64,500 area before deciding its next direction. Reclaiming $64,500 would weaken the immediate bearish setup, while a move above $65,500 would challenge the rounded-top structure.
Liquidity near $62K could trigger a reversal
Trader Ted Pillows identified another possible downside target using Bitcoin’s liquidation map. He said the decline had already cleared much of the liquidity beneath the previous trading range, leaving a remaining concentration close to $62,000.
“There’s still one cluster around the $62,000 level, which might be next. But after that, a reversal might happen.”
The $62,000 area aligns with the rounded top’s neckline and several recent intraday lows, making it the most important near-term level.
A sweep below that support could trigger leveraged long liquidations before buyers attempt a recovery. Failure to attract demand would instead open the path toward $60,000 and the rounded-top objective near $59,000.
On the upside, Bitcoin must first reclaim $63,445 and $64,488. Stronger resistance sits between $65,000 and $66,700, where several July rallies stalled.
Geopolitical headlines remain the immediate external risk. Further attacks involving U.S. forces, tankers, or major shipping routes could lift oil and extend the risk-off move. Conversely, evidence of negotiations or safer passage through Hormuz could ease inflation concerns and help Bitcoin stabilize.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AMLBot, a crypto compliance and forensics firm, has introduced “AI Tracer,” a new self-service blockchain analysis tool designed to help users follow funds across networks starting from a single transaction hash. The company positions the product as a way to reduce reliance on specialist tracing software and deep internal expertise when investigating how crypto moves on-chain.
In an announcement shared with Cointelegraph, AMLBot says AI Tracer automatically builds a transaction graph, follows movements of funds through intermediate wallets, and attempts to map the journey toward the endpoint addresses the funds ultimately reach. As it walks the trail, the tool matches wallet activity against known entity labels such as exchanges, related services, and flagged addresses.
Key takeaways
- AI Tracer is a self-service tracing tool that begins with a transaction hash and maps visible fund movements across supported blockchains.
- The tool is designed to follow cross-chain transfers through bridges and to handle cases where assets are split among multiple wallets.
- According to AMLBot, AI Tracer cannot view transfers between internal exchange accounts or explain the intent behind payments.
- Reports are intended as an investigation starting point and do not replace audits, legal processes, or asset recovery.
- The product includes a free check and paid plans that increase the number of automated checks.
How AI Tracer works for on-chain investigations
The core premise behind AI Tracer is graph-based transaction tracing. AMLBot states that the process is automatic: the system traverses the transaction graph from a starting transaction, follows where funds move through intermediary wallets, and continues until it reaches the money’s endpoint. This approach is aimed at giving users a structured view of the transfer path instead of requiring manual analysis across many hops.
A key added layer is entity labeling. AMLBot says it “matches known entity labels — exchanges, services, flagged addresses — against every wallet it encounters” during the traversal. For traders, compliance staff, and researchers, this can matter because addresses that look unrelated at first glance may in fact map to familiar services, custody providers, or previously identified risk clusters—information that can shape how an investigation is prioritized.
Cross-chain and split-funds tracing—plus clear limits
AMLBot highlights two real-world situations where tracing often becomes complicated: cross-chain activity and value fragmentation. The company says AI Tracer can trace through bridges that move assets between networks. It also claims it can follow cases where assets are split across multiple wallets, which is a common pattern in laundering attempts and in complex payment workflows.
At the same time, AMLBot lays out boundaries to prevent users from over-interpreting outputs. The tool, it says, cannot see transfers between internal exchange accounts. That limitation reflects a broader constraint in public blockchain data: while blockchains can show withdrawals and on-chain transfers, they do not reveal internal bookkeeping decisions inside centralized services. AI Tracer also cannot determine why a payment was made, cannot freeze assets, and does not guarantee recovery.
In the company’s description, AI Tracer’s findings are meant to help form hypotheses and provide a lead for next steps. Reports are positioned as a starting point rather than a substitute for audit procedures, legal processes, or formal enforcement action.
Networks supported and who the tool is for
AI Tracer is currently designed to work across a wide set of networks, according to AMLBot. The supported list includes Bitcoin, Bitcoin Cash, Litecoin, TRON, Ethereum, BNB Chain, Ethereum Classic, Polygon, Arbitrum, Base, Optimism, Solana, Cardano, and Ripple.
AMLBot says the tool is meant for multiple user groups, including journalists, researchers, traders, and crypto users who want to understand transaction paths. It also names law enforcement agents investigating crypto crime, along with independent investigators and compliance teams that need fast, repeatable analysis for due diligence or incident triage.
That “self-service” framing is significant: investigators often face a trade-off between speed and depth. By automating the tracing and labeling steps, AI Tracer aims to lower the initial friction for routine inquiries—especially when someone has a transaction hash but lacks the time or tooling to manually map intermediate hops across chains.
Pricing model and what to watch next
AMLBot states that AI Tracer offers a free check, with paid plans that raise limits on the number of automated checks users can run. While the announcement emphasizes usability and coverage, the practical value for compliance teams will likely depend on those limits and on the consistency of label matching over time.
For readers considering the tool, the biggest takeaway is to treat AI Tracer outputs as a structured visualization of on-chain movement—not as proof of culpability or intent. The company’s own limitations—no visibility into internal exchange transfers, inability to infer payment purpose, and no asset-freezing or recovery guarantees—signal that users should still pair the tool’s results with further verification and formal processes when stakes are high.
Going forward, attention should focus on how effectively AI Tracer handles increasingly complex cross-chain routes and entity labeling as bridge usage and address clustering tactics evolve. Users should also watch for updates that expand network support or refine what the system can reliably infer from public transaction data.
Several users of the long-defunct crypto exchange reported that distribution agents had begun releasing funds to reimburse creditors for some of their 2022 losses.
Most leading cryptocurrencies have headed south over the past 24 hours, yet Hyperliquid’s HYPE is among the few to defy the latest red wave.
While it has risen by a mere 1.5%, one analyst assumed it might be gearing up for a staggering 40% pump in the near future.
The Necessary Condition
Currently, HYPE trades at around $54.70, placing it above the lower boundary of an important channel depicted by Ali Martinez. He suggested that if the asset holds the $53 level, a move up to $75 is possible. Also speaking on the matter was Altcoin Sherpa, who claimed that HYPE’s current level is “a good spot for a bounce.”
“Expecting huge tradfi trading volumes to come over the next few days too, which helps,” the analyst added.
Some on-chain signals also suggest that the asset may post additional gains in the short term. CoinGlass’s data shows that exchange outflows have dominated over inflows in the last several days, meaning that investors have transferred their holdings from centralized platforms to self-custody solutions. This is considered a bullish factor since it reduces the immediate selling pressure.
The Bearish Case
The number of pessimists, though, seems even more well-represented. X user Cut recently doubted HYPE’s potential, reminding of its inability to break its all-time high and wondering if its price would make a substantial decline. Ryker joined the discussion, projecting a plunge to $32 “soon.”
Cryptorphic also gave their two cents, arguing that HYPE is showing weakness after losing its long-term trendline and its price has broken below the key ascending support. They believe that if the $57-$58 range turns into resistance, the breakdown could confirm further downside, envisioning a possible crash under $30.
Meanwhile, the whales’ activity reinforces the pessimists’ outlook. Lookonchain disclosed that large investors keep selling HYPE, revealing the case of a market participant who purchased over one million tokens at an average price of $18 17 months ago and unstaked and deposited the stash into FalconX and Coinbase, perhaps with the intention to cash out.
The waning institutional interest adds more weight to the bearish perspective. Spot HYPE ETFs, which attracted substantial capital in June, have not appealed to pension funds, hedge funds, and other conservative investors during most days of July, with outflows significantly dwarfing inflows.
The post Hyperliquid (HYPE) Could Soar by 40% But Under This Condition: Details appeared first on CryptoPotato.
Tether reported $1.5 billion in net operating profit for the second quarter of 2026, driven by returns from its U.S. Treasury and repurchase agreement holdings.
The issuer of USDT, the world’s largest stablecoin, reported holding $187.75 billion in assets against $183.64 billion in liabilities as of June 30, leaving it with $4.11 billion in excess reserves, according to the BDO attestation released Friday. Those excess reserves are down from just over $8.23 billion three months earlier.
The second quater report shows Tether increased its physical gold holdings by 14 tons to roughly 146.2 metric tons from 132.2 tons during the quarter. The value of those holdings, however, fell to $18.84 billion from $19.84 billion because the price of gold dropped about 15% to just over $4,000 per ounce.
The company lifted bitcoin holdings by roughly 1,796 coins to 98,933 BTC. The value of those holdings fell to $5.80 billion from $6.62 billion as the bitcoin price used in the reports declined to $58,600 from $68,200, during the period.
Tether’s USDT issuance increased by about $446 million to $184.6 billion during the quarter.
SBI Holdings has reaffirmed its commitment to Ripple despite weaker XRP prices and slower cryptocurrency activity. The Japanese financial group values its Ripple shareholding at ¥6.6 trillion, equal to about $41.2 billion. Meanwhile, SBI delivered record first-quarter earnings and continued expanding its digital asset operations.
SBI Holdings Maintains Its Ripple Investment
SBI disclosed the updated Ripple valuation during its first-quarter earnings presentation. The company stressed that its Ripple shareholding remains highly valuable despite the current weakness in the cryptocurrency market. Therefore, SBI continues to treat Ripple as a major strategic asset within its broader financial portfolio.
The group has maintained a long relationship with Ripple and has supported XRP-based payment services. SBI has also promoted blockchain settlement systems through its financial subsidiaries and regional partnerships. Consequently, its latest statement reinforces the group’s long-term focus on Ripple’s payments technology and international network.
XRP has faced selling pressure during the recent cryptocurrency market slowdown. However, SBI did not announce any reduction in its Ripple position during the earnings update. Instead, the company highlighted the stake’s valuation while explaining weaker conditions across its cryptocurrency division.
Clarity Act Uncertainty Weighs on Crypto Activity
SBI linked the sluggish cryptocurrency market to uncertainty surrounding the proposed Clarity Act. The legislation seeks to establish clearer oversight rules for digital assets within the United States. Therefore, its progress could influence market structure, regulation, and business planning across the cryptocurrency sector.
The United States Senate continues considering the bill before its scheduled August recess. Senator Cynthia Lummis recently indicated that Senate leaders had reserved potential floor time for the measure. However, several other legislative matters were also competing for attention during the remaining session.
The Clarity Act has become an important issue for cryptocurrency companies seeking clearer federal rules. Ripple has spent years operating within an uncertain American regulatory environment. As a result, regulatory progress could affect its domestic operations and the wider use of XRP-related services.
SBI Reports Record First-Quarter Earnings
SBI Holdings recorded its strongest first-quarter performance as revenue and profit increased sharply. Revenue reached ¥571.0 billion, while profit before tax climbed to ¥225.8 billion. Additionally, shareholder-attributable net profit rose 149.9% year-over-year to ¥148.1 billion.
The group reported a 29% return on equity for the previous twelve months. That result exceeded SBI’s medium-term return target of 15% by a wide margin. Strong performance across its main financial businesses offset weakness within the cryptocurrency asset division.
SBI’s crypto asset business recorded a ¥1.4 billion pre-tax loss during the quarter. However, global cryptocurrency market maker B2C2 remained profitable and supported the group’s digital asset operations. The mixed results showed continued pressure in retail crypto services but stronger performance within institutional trading activities.
SBI Expands Its Digital Asset Services
SBI continues building its digital asset business through lending, stablecoins, custody, and exchange services. SBI VC Trade recently introduced cryptocurrency lending and support services linked to the JPYSC stablecoin. These services extend the group’s reach across regulated digital payments and blockchain-based financial products.
The company also plans to acquire Bitbank and expand its cryptocurrency customer base. SBI expects the combined operations to serve about three million cryptocurrency accounts after completing the planned transaction. Furthermore, it targets approximately ¥870 billion in digital assets under custody.
These expansion plans support SBI’s strategy of combining traditional finance with regulated cryptocurrency services. The group continues investing in trading, custody, payments, stablecoins, and blockchain infrastructure. Meanwhile, its $41.2 billion Ripple stake remains the largest highlighted asset within that digital strategy.
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