July has been historically a positive month for bitcoin and this edition hasn’t disappointed so far. The cryptocurrency began the month on the wrong foot, dipping below $58,000 for the first time in nearly two years, but it rebounded swiftly in the following weeks.

Earlier today, it rocketed past $66,000 for the first time in over a month, gaining over $8,000 since that July 1 low. Here are some of the possible reasons behind it.

Whale and ETF Accumulation

As June was coming to an end and it became known that it would be a highly painful month for the asset with a nosedive of over 20%, we outlined several factors that had to change in July for a price resurgence. One of them was the ETF inflows. The financial vehicles went on a violent eight-week withdrawal-only streak, which was finally snapped a couple of weeks ago.

Moreover, investors continued to pour funds into the ETFs, which ended two weeks in the green in a row for the first time in months. July 20 extended the streak as the funds attracted almost $227 million.

The second major reason for the price revival is whale behavior. Data shared by CryptoQuant indicated that large market participants holding between 1,000 and 10,000 BTC increased their 60-day net accumulation to roughly 66,700 units, which is close to the recent record seen a month ago.

“This is the cohort’s strongest accumulation reading since February 17, when net accumulation briefly exceeded 106,000 BTC.”

News From the US

The third reason has a more macro scent. It came a week ago when the US CPI numbers for June were announced, showing softer-than-expected inflation rates. BTC rallied immediately after the news went live as lower inflation reduced the pressure on the Fed to hike interest rates. Similar market conditions are regarded as beneficial for risk-on assets like bitcoin.

Last but perhaps most importantly at the moment comes a development on the CLARITY Act. After the odds of approval dropped toward 30% just days ago, reports emerged that the White House had agreed on an ethics package for the key legislation and sent the language to certain Senate republicans for further validation.

Although the details are still scarce, industry experts believe this is a major step in the right direction for the bill, and it increases the chances for a 2026 approval.

The post 4 Key Reasons Behind Bitcoin’s (BTC) Rally Above $66K appeared first on CryptoPotato.

Source link

Prism, a token that pays a share of trading fees to everyone who holds it, is relaunching on a new Ethereum contract after disclosing that an attacker spent most of July siphoning off nearly 40% of those fees. The original PRISM token, which the project is now abandoning, plunged about 91% in the… Read the full story at The Defiant

Source link

Citigroup has reaffirmed its KOSPI price target of 10,000, projecting that the recent sell-off in South Korean stocks could soon reverse.

The index has shown notable volatility in 2026, forcing the Korea Exchange to trigger sidecars and circuit breakers across repeated sessions.

Why Citi Sees a Buying Opportunity For KOSPI

The KOSPI has slid into a broader decline since setting a record closing high of 9,114.55 on June 22. Citi remains bullish on a revival. 

The bank’s analysts told clients in a Monday note that the market’s headwinds have peaked. Citi argues that strong economic fundamentals and a market-friendly policy mix can drive the recovery.

“We think the recent share price pullback of KOSPI equities, led by KR memory suppliers, is more of a technical correction driven by market-wide profit-taking and therefore could represent a potential buying opportunity,” the analysts stated.

Meanwhile, the index posted another red session on Monday, dropping more than 4%. It reversed sharply on Tuesday. The surge tripped a buy-side sidecar at 12:41 p.m., a curb that briefly suspends program buy orders when KOSPI 200 futures rise 5% or more for at least a minute.

The KOSPI closed Tuesday up 3.56% at 6,747.95. From that level, Citi’s 10,000 target implies a 48% gain, and it sits nearly 10% above the previous closing record.

Follow us on X to get the latest news as it happens

Notably, volatility remains the KOSPI’s defining feature. Volatility on the index has topped 60% this year, almost double Japan’s Nikkei 225 and higher than Bitcoin (BTC).

The turbulence forced the Korea Exchange to trigger circuit breakers seven times through mid-July, up from none in 2025.

Tuesday’s rebound closed part of the distance Citi flagged. Whether it holds remains to be seen.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

The post Citi Keeps 10,000 KOSPI Target Despite Market Selloff appeared first on BeInCrypto.

Source link

Pi Network’s PI has emerged as one of the strongest performers in the top-100 crypto ranking over the past week, outpacing countless major digital assets.

However, this rally may prove short-lived and could be followed by another sharp pullback in the near future.

PI Flashes Green

In mid-July, the native token of the controversial crypto project tumbled to a new all-time low of around $0.07, while its market capitalization slipped well below the $1 billion psychological level.

Since then, though, the bulls have stepped in, and now PI trades at around $0.093 (per CoinGecko), representing a roughly 25% increase on a weekly basis.

The exact catalyst of the resurgence remains unclear since Pi Network’s team has been rather silent over the past few days and has not unveiled any new ecosystem updates. Of course, one potential factor could be the overall revival of the crypto market, where Bitcoin (BTC) crossed $66,000, while Ethereum (ETH) aims to reach $2,000.

Many analysts are now optimistic that PI can post further gains. X user Crypto With Gopal claimed that the asset is printing a “Falling Wedge” after a prolonged downtrend where selling pressure is fading, and the price is “squeezing toward the wedge apex.” They believe this formation often signals that momentum is shifting back to the bulls.

“Buyers are quietly defending support while lower highs continue to compress. A strong breakout above the wedge resistance could spark a sharp relief rally as sidelined buyers step in. If bulls reclaim the trendline with volume, PI could be setting up for a major expansion move. Market sentiment is cautiously turning bullish,” they added.

Prior to that, OxNeena argued that after months of selling pressure, PI has finally shown signs of accumulation. They believe that if buyers step in, this could mark the beginning of a strong trend reversal, with $0.20 and $0.32 set as potential upside targets.

Brace for Potential Drop

PI investors should remain cautious, as previous pumps like this have often been abruptly ended by another major move downward. The prolonged bear market and the concerning condition of the entire crypto sector reinforce those fears.

Meanwhile, the PI community must take other factors into account, including the upcoming token unlocks. Around 127.5 million coins are set for release in the next 30 days: a development that doesn’t guarantee a price drop but increases selling pressure.

X user Travladd told their nearly 500,000 followers on X that PI is “looking cooked,” noting that there is too much supply. “Won’t catch me buying into any relief rally,” they added.

The post Pi Network (PI) Rises 25% in a Week But Warning Signs Point to Another Possible Pullback appeared first on CryptoPotato.

Source link

Source link

Bernstein just raised its price target on Robinhood stock to $160, and the key driver is not crypto trading volume. Instead, the firm sees long-term value in Robinhood’s blockchain infrastructure. Robinhood Wrapped ETH on Robinhood Chain has gained about 2% over the past week, while daily trading volume sits near $44 million. Those numbers suggest the network is attracting steady activity rather than short-lived hype.

Ethereum (ETH)

24h7d30d1yAll time

Bernstein analysts, led by Gautam Chhugani, lifted their HOOD target from $130 to $160, based on a 2028 EPS estimate of $4.56 and a 35x forward P/E multiple. The firm expects prediction markets, perpetual futures, and Robinhood Chain to generate 18% of total revenue by 2027, rising to 23% in 2028. Prediction markets alone could contribute $1.7 billion by 2028.

Discover: The Best Crypto to Diversify Your Portfolio

Robinhood, The Stock Platform Juggernaut

Robinhood’s second-quarter earnings arrive on July 29, and Bernstein expects new businesses to soften any slowdown in crypto trading revenue. That fits a growing trend across the market. Investors increasingly reward companies building the rails for digital assets instead of simply benefiting from speculative token rallies. Building the highway often pays better than collecting tolls during rush hour.

Robinhood Chain could also benefit the crypto market beyond its own ecosystem. More Layer 2 infrastructure gives users cheaper transactions and faster settlement while helping Ethereum scale. As more developers deploy applications and liquidity spreads across new networks, on-chain activity becomes easier to access for retail users. Fresh competition rarely hurts innovation, especially in crypto.

For traders, the takeaway is simple. Robinhood Chain appears to be gaining real usage, and that matters more than any single token’s price action. If network adoption keeps climbing, it could strengthen Ethereum’s ecosystem and encourage more capital to flow into decentralized finance. In crypto, the flashiest coin grabs headlines, but the strongest infrastructure often wins the longest race.

Bridge to Robinhood Chain With The Lowest Fee Using RocketX

LiquidChain Targets Cross-Chain Infrastructure as HOOD Token Tests Lows

The Robinhood Chain story is a reminder that chain-level infrastructure can capture value before native tokens catch up. That gap is exactly where early-stage infrastructure finds its pitch. Investors rotating out of speculative token exposure are increasingly looking at what’s being built at the execution layer.

LiquidChain is positioning as a Layer 3 infrastructure project with a specific structural thesis: fuse Bitcoin, Ethereum, and Solana liquidity into a single execution environment. The USP is architectural with a Unified Liquidity Layer with Single-Step Execution, Verifiable Settlement, and a Deploy-Once framework that lets developers access all three ecosystems without rebuilding for each chain.

The presale is live at $0.01482 per $LIQUID, with $915K raised to date. As covered in earlier presale reporting, the project is approaching the $1M milestone.

Research LiquidChain here before sizing any position.

Trade Memecoins like DOGE on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

The post Robinhood Chain Booming, Bernstein Puts Higher Target on HOOD appeared first on Cryptonews.

Source link

Twenty One Capital (XXI) CEO Jack Mallers stepped down on Monday, seven months after the company went public. Tether also dropped its plan to merge the Bitcoin treasury firm with Strike, Mallers’ payments company.

The bigger story is the new game plan. Twenty One listed five fresh priorities, and buying more Bitcoin (BTC) is not one of them.

Why Tether Is Rewriting Its Bitcoin Treasury Playbook

Back on April 29, Tether pitched a grand plan. It wanted to fold Twenty One, Strike, and Elektron Energy, a Bitcoin mining firm, into a single Bitcoin platform.

Galaxy Research said the combined group could rival Strategy’s dominance among corporate holders. Now, Jack Mallers is leaving, and has announced his step-down as CEO of Twenty One.

That vision lasted less than 12 weeks. Strike now stays independent. A deal with Elektron is still possible, but talks are early. There is also a catch. Tether owns majority stakes on both sides, so any deal would face extra review as a related-party transaction.

The timing is no accident. Digital asset treasury (DAT) companies, firms that mainly buy and hold crypto, are under pressure. Bloomberg reported that Bitcoin’s price slump has brought losses and job cuts across the sector.

XXI has felt that pain. The stock listed on the New York Stock Exchange (NYSE) in December after a rocky market debut. It closed Monday at $5.32, down about 43% this year. The company is now worth about $1.85 billion.

Zagury Takes Over With a Cash Flow Mandate

New CEO Raphael Zagury comes from the money side of the business. He held senior roles at Goldman Sachs, Deutsche Bank, and Merrill Lynch. He later ran finances at OpenCo, once among Brazil’s largest fintech lenders.

His plan reads simply. Buy and build businesses that earn money, and keep the Bitcoin. The company compared its new model to Berkshire Hathaway. It also wants to lend against Bitcoin, so holders can access cash without selling.

“My job is to build the operating company around it, with the discipline, governance, and executional rigor of an institution. I believe our business will perform best when we also focus on the cash flow we generate and the rigor with which we allocate capital, not only by the Bitcoin we hold,” Zagury said in a statement.

Tether saw this coming. It took full control in May by buying SoftBank’s 25% stake. Twenty One still holds 43,514 BTC, second only to Strategy in BitcoinTreasuries.net data. It also keeps its strict Bitcoin-only treasury stance.

The big question is what happens next. If the second-largest Bitcoin treasury needs more than Bitcoin, others may follow. The Elektron talks should offer the first clue.

The post Tether Rethinks XXI’s Bitcoin Treasury Model After Just 7 Months appeared first on BeInCrypto.

Source link

Source link

Strike will remain a standalone company after the proposed three-way merger was scrapped, while Twenty One Capital and Elektron continue discussions, Bloomberg reported.

Source link

Coinbase (COIN) CEO Brian Armstrong told followers on X that his personal account carries no trading signals. He distanced himself from the BRIAN meme coin frenzy his profile picture swap triggered on Base last week.

The clarification arrived after Base community members accused Armstrong of offering too little support. Armstrong called the criticism fair. Still, he made clear that his account should never guide a meme coin trade.

A Profile Picture That Moved the Meme Coin Market

Armstrong swapped his X avatar on July 16 for artwork tied to BRIAN, a meme coin nicknamed Coinbase Man. The token runs on Base, Coinbase’s layer-2 network built on top of Ethereum.

Within hours, the token’s market cap jumped 37x. It climbed from roughly $1 million toward $37 million as traders chased the signal.

The rally reversed the moment Armstrong restored his prior picture. Market cap collapsed by more than 85% in under a day. BeInCrypto data now shows the meme coin holding near $224,000, well below its pre-pump level. The swing highlights meme coin trading risks tied to founder attention rather than fundamentals.

Armstrong Draws a Line on Trading Signals

Armstrong addressed the swings directly in a lengthy X post.

“If you’re treating my X account as alpha, you are doing so at your own risk, against my wishes. I would never recommend this.”

He said he supports the economic freedom to trade meme coins. So he will keep posting content he personally finds funny. Still, he stressed that his posts and profile pictures represent no endorsements or commitments to any project.

Neither he nor Base creator Jesse Pollak will promote coins on demand, Armstrong added. Compliance and regulatory rules already block many tokens from listing on Coinbase’s exchange, he said.

What Base Actually Supports Beyond the Meme Coin Craze

Armstrong pointed to past Base coin experiments that failed to deliver lasting value. That list includes a content-coin push he ended weeks earlier after admitting the strategy had flopped.

He said genuine backing flows through builder grants, Coinbase Ventures, and the Base Ecosystem Fund. Viral meme coin attention plays no role in that support, he added.

However, regulatory limits shape which tokens Coinbase can list. That constraint differs from the Base app promotion concerns raised earlier this year. Armstrong’s push toward tokenized stocks and payments echoes his broader stablecoin vision for crypto.

Whether traders heed the disclaimer remains uncertain. Base meme coins tied to Armstrong’s dog and family photos have reacted to his posts before, sometimes gaining triple digits within a day. His account will likely keep moving meme coin prices regardless of any warning attached to it.

The post Brian Armstrong Warns Traders Against Treating His X Account as “Alpha” appeared first on BeInCrypto.

Source link