Crypto World
Canopy and Fhenix make private the default for onchain apps
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Fhenix and Canopy integrate confidential computation to simplify private onchain app development.
Summary
- Fhenix and Canopy integrate confidential computation, enabling developers to build privacy-preserving onchain apps with encrypted data.
- The two projects have launched a confidential app template, bringing fully homomorphic encryption to sovereign blockchain applications.
- Fhenix brings encrypted computation to the Canopy Stack, simplifying confidential onchain app development with familiar tooling.

Fhenix and Canopy are integrating confidential computation into the Canopy Stack, giving developers a direct way to build sovereign onchain apps that keep user data encrypted while it is being used. The integration removes the need for teams to assemble a separate cryptography stack or hire specialist cryptographers before they can ship private application logic.
The new Canopy Confidential App template is powered by Fhenix’s CoFHE coprocessor for fully homomorphic encryption (FHE). Developers will be able to add encrypted computation through a familiar TypeScript library, making confidentiality part of the app from the start rather than a feature added later. The approach extends Canopy’s existing platform model: the stack handles the underlying infrastructure so builders can focus on the application.
Public-by-default infrastructure works for many onchain use cases, but it breaks down when applications handle commercially sensitive, personal, or strategic data. Some teams respond by moving to closed networks. Fhenix and Canopy are taking a different approach: keep the network open while keeping the data encrypted.
Confidential operations are added through Canopy’s plugin and runtime layer without changing its base consensus. A user’s input is encrypted in the Canopy wallet and submitted as a standard transaction. CoFHE processes the encrypted data offchain, and when a result must be disclosed, a trust-minimized process returns a signed value for Canopy to verify before state is settled. Builders access the flow through familiar tooling, without managing a separate privacy stack or encryption keys.
The core Canopy components are already live, including plugin lifecycle hooks, the state bridge, plugin scaffolding, and the wallet runtime. CoFHE is currently deployed across Ethereum, Arbitrum, and Base. Work on the remaining encrypted-transaction components is in progress.
What it enables
In an onchain game, a player’s hand, units, and map knowledge can remain encrypted. Players submit moves privately and learn only the outcome of each encounter, such as who won, how much damage was dealt, or which territory changed hands.
The same model applies to business workflows. A buyer can open an RFP, receive encrypted bids from multiple suppliers, and publish only the winner and winning price at the deadline. The losing bids do not need to be revealed to the other participants.
The Fhenix integration is in development and is scheduled to roll out in Q4 2026. Canopy is currently live on public testnet, with 16.8k forks and more than 100,000 daily active wallets.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
Robinhood Posts Record Quarter as Crypto Revenue Falls 38%
[Update 08:55 UTC, July 30: Updates with additional reporting and context.]
Online brokerage Robinhood posted record second-quarter revenue and earnings, though cryptocurrency transaction revenue fell 38% from a year earlier.
The company said Wednesday in its earnings report that crypto transaction revenue fell to $100 million from about $160 million a year earlier. Overall revenue rose 32% year-over-year to $1.31 billion, while net income increased 48% to $573 million. Transaction-based revenue climbed 44% to $776 million.
Robinhood reported $40 billion in crypto notional trading volume during the quarter. Of that total, $18 billion came from the Robinhood app, down 35% from a year earlier, while $22 billion came from Bitstamp, the crypto exchange it acquired in June 2025.
The price of Robinhood shares was down 3.15% on Wednesday ahead of the company’s earnings release, according to Yahoo Finance data.
Robinhood expands crypto ecosystem
Despite the decline in crypto trading revenue, Robinhood continued expanding its digital asset business during the quarter, completing its acquisition of Canadian crypto platform WonderFi as it broadened its crypto offerings beyond trading.
After the quarter ended, the company unveiled the public mainnet of Robinhood Chain, introduced tokenized US stocks to eligible users in more than 120 countries and debuted its first decentralized lending product, Robinhood Earn.
Related: Bernstein raises Robinhood price target, cites tokenization and prediction markets
Data from DefiLlama shows Robinhood’s new Ethereum layer-2 network had $348 million in total value locked on Thursday, more than $500 million in stablecoins and over $1 billion in bridged assets.
Platform growth offsets crypto slowdown
Cryptocurrency was the only major transaction category to decline during the quarter.
Robinhood said growth in event contracts, options and equities more than offset the weakness, with event contract revenue surging more than tenfold to $156 million, options revenue rising 29% to $342 million and equities revenue jumping 95% to $129 million.
The company also reported record net deposits of $21.7 billion during the quarter, while total platform assets increased 32% year over year to $369 billion and funded customers grew 7% to 28.4 million.
Robinhood lowered and narrowed its 2026 outlook for adjusted operating expenses and share-based compensation to between $2.675 billion and $2.775 billion, from $2.7 billion to $2.825 billion previously. Adjusted EBITDA rose 35% to $741 million, while total operating expenses increased 33% to $734 million.
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Crypto World
30-Year Treasury Yield Hits 2007 High as Bond Market Doubts the Fed
The US government has not paid this much to borrow money since 2007. The 30-year Treasury yield closed at 5.20% on Wednesday, hours after the Federal Reserve left interest rates alone.
Three Fed officials wanted a rate hike instead. Bond traders sided with them.
Why the 30-Year Treasury Yield Jumped
A bond yield is what lenders charge to hold government debt. When it rises, borrowing gets pricier for everyone.
The Federal Open Market Committee (FOMC) kept its rate range at 3.50% to 3.75%. The vote was 9 to 3.
Beth Hammack, Neel Kashkari and Lorie Logan each wanted a quarter point increase, the Fed statement shows.
Long-term bonds fell hardest. The 30-year yield rose from 5.09% to 5.20%, and the 10-year climbed to 4.67%.
Short-term bonds went the other way. The two-year yield slipped to 4.22%.
That split is the signal. Traders are worried about the next 30 years, not the next 30 days. Some intraday quotes ran as high as 5.244%.
Three dissents sound dramatic. They are not that rare, and four officials broke ranks in April. The direction is what stands out. Three votes for higher rates at one meeting last happened in September 2016.
The Fed has not raised rates since July 2023. The three dissenting officials want that streak to end.
Chair Kevin Warsh took the job on May 22. He refused to call the decision a pause and defended the 2% inflation target at his press conference.
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This Looks Like 2007, But It Is Not
The last time the 30-year yield sat here, the Fed was about to cut rates. In July 2007, the yield was 5.28%. The Fed’s own rate was 5.25%. The two were basically level.
Two months later the Fed cut by half a point. Warsh, then a Fed governor, voted for it. Today the picture is flipped. The 30-year yield sits roughly 1.45 percentage points above the Fed’s rate.
In 2007, long rates were falling toward a rescue. Now they are climbing away from one. Someone pays for that. The interest bill on US debt hit $857 billion in nine months, up 13% from a year earlier.
“Outlays for net interest on the public debt rose by $98 billion (or 13 percent) because the debt was larger than it was in the first nine months of fiscal year 2025 and because of higher long-term interest rates,” the Congressional Budget Office reported.
Interest now costs more than Medicare, at $778 billion. It also beats military spending, at $677 billion.
Total US debt reached about $39.8 trillion in late July.
Oil is not helping either. West Texas Intermediate crude settled 6.6% higher at $84.46 a barrel on Wednesday.
US Central Command said Iran fired ballistic missiles at American forces on July 28. All were intercepted. The US-Iran ceasefire collapse keeps oil risk alive.
Where Bitcoin and Gold Fit In
Crypto did not follow bonds down. Bitcoin (BTC) traded near $64,730 on Thursday, up 0.48% on the day.
Bitcoin’s recent price action shows a 9.2% gain over 30 days, though it is down 45% over a year.
Gold traded near $4,078 an ounce on Thursday. It had settled at $4,036.30 the day before.
Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, says traders only delayed the hike.
“September remains a live meeting, and the incoming inflation data between now and then will be all that matters,” Zentner said.
Thursday’s inflation data helped the doves. The Fed’s preferred gauge, personal consumption expenditures (PCE), rose 3.7% in the year to June, down from 4.1% in May.
Core PCE, which strips out food and fuel, came in at 3.3%.
Even so, inflation has topped 2% every month since March 2021. Global bond yields climbed to their highest since 2008 earlier this year, and the long end never came back down.
The Fed meets again on September 15 and 16. That is when the three dissenters find out if they were right.
The post 30-Year Treasury Yield Hits 2007 High as Bond Market Doubts the Fed appeared first on BeInCrypto.
Crypto World
BitRiver founder charged in Russia over alleged $8M fraud

Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska.
Crypto World
Malaysia arrests two over illegal Bitcoin mining operation, seizes 73 rigs
Malaysian police have dismantled an illegal Bitcoin mining operation and arrested two men after seizing 73 mining machines that investigators say were powered through stolen electricity.
Summary
- Malaysian police arrested two men and seized 73 Bitcoin mining machines during raids on three properties in Tronoh.
- Investigators said the mining operation used stolen electricity through illegal power connections confirmed by TNB inspections.
- The latest crackdown follows earlier Bitcoin mining raids in Terengganu and Kuala Lumpur linked to electricity theft across Malaysia.
According to a statement from Batu Gajah district police chief Assistant Commissioner Md Noor Aehawan Mohammad, officers carried out coordinated raids at three properties in Tronoh on Tuesday night under Op Elektrik, uncovering what investigators described as illegal Bitcoin mining activities supported by unauthorized electricity connections.
The operation began at about 9:02 p.m. and involved personnel from the district Criminal Investigation Department together with the Technical Unit of Malaysia’s national electricity provider, Tenaga Nasional Berhad (TNB), also known as the SEAL Team.
Police detained two local men, aged 40 and 52, to assist with the investigation. Alongside the arrests, officers confiscated 73 Bitcoin mining machines and additional equipment believed to have been used to operate the mining network.
Bitcoin mining operation used illegal power connections
Police said inspections carried out during the operation found that each of the three premises had been used for Bitcoin mining. Technical examinations conducted by TNB later confirmed electricity theft at two abandoned houses, while the third property involved in the case was an unoccupied house.
Md Noor Aehawan said investigators found evidence that the mining equipment had been connected through illegal electricity supply lines rather than legitimate metered connections.
Both suspects have been remanded for three days, beginning Wednesday and ending Friday, to facilitate further investigations.
Authorities are investigating the case under Section 427 of Malaysia’s Penal Code for committing mischief, including electricity theft, as well as Section 37(1) of the Electricity Supply Act 1990, which covers interference with electrical installations.
Police also urged residents to report suspicious activities linked to electricity theft or unauthorized cryptocurrency mining. Members of the public with relevant information have been asked to contact the Batu Gajah district police operations room or the nearest police station.
Malaysia has continued targeting illegal Bitcoin mining
The latest enforcement action follows several similar crackdowns carried out across Malaysia over the past year as authorities continue to target cryptocurrency mining operations that bypass electricity meters.
In May, Terengganu police dismantled another suspected Bitcoin mining syndicate during Op Letrik after raiding properties in the Hulu Terengganu and Marang districts. Working alongside TNB’s SEAL unit, officers seized 45 illegal Bitcoin mining machines from two premises, including a residential property in Bukit Perpat and a commercial building in Wakaf Tapai.
At the time, Terengganu police chief Datuk Mohd Khairi Khairuddin said investigators believed the premises had been modified to bypass electricity meters, causing estimated monthly losses of about RM36,000 for TNB. Authorities also seized mining-related equipment valued at approximately RM225,000, although no arrests were announced in that operation.
The Terengganu investigation proceeded under Sections 379 and 427 of the Penal Code together with Section 37 of the Electricity Supply Act 1990.
Earlier cases have exposed electricity theft
Another illegal mining operation came to light in February after firefighters responded to reports of an explosion and smoke at a house in Kuala Lumpur.
Authorities later discovered modified electrical wiring that had caused a fire before uncovering several Bitcoin mining rigs inside the property. Investigators also confirmed that the operation had been drawing electricity through unauthorized connections, prompting a separate investigation.
Malaysia’s national electricity provider has repeatedly warned about the financial impact of electricity theft linked to cryptocurrency mining. TNB reported in 2024 that illegal Bitcoin mining had caused losses of more than 440 million Malaysian ringgit, or roughly $101 million, due to stolen electricity.
The utility also estimated that electricity theft associated with illegal cryptocurrency mining resulted in losses of about $755 million between 2018 and 2023, highlighting the continued challenge posed by unauthorized mining operations across the country.
Outside Malaysia, governments have taken similar action against illicit cryptocurrency mining where unauthorized electricity use has strained national power systems. Iran has conducted repeated crackdowns on illegal mining operations, while Venezuela introduced a ban on crypto mining to protect its electricity grid from excessive energy demand.
Crypto World
Bitcoin’s Next Bull Run Could Follow US Midterms: Analyst
Bitcoin’s market cycles could be more closely linked to the US political calendar than many investors think, according to a new analysis shared by Alphractal founder Joao Wedson.
In a July 30 post on X, he showed that the flagship cryptocurrency has repeatedly entered bear markets before US midterm elections, only to recover after voters head to the polls.
Recurring Election Cycle Patterns
Wedson compared Bitcoin’s price history against US election cycles and found what he described as a recurring sequence. According to his chart, BTC enters a bear market about one year before every US midterm election before starting a longer bull market right after the vote. In some cycles, the market bottom formed just days before the election, while in others it came shortly afterward.
He also noted that presidential elections have produced a different effect, with Bitcoin rallying strongly every time a president won an election before approaching a major cycle top not long after the president was inaugurated.
“Data reveals patterns that narratives often miss,” wrote the analyst.
According to Wedson, XRP offers an even more striking example, starting a steep rally on the day Donald Trump won the 2024 election and reaching a local peak on January 20, 2025, the day Trump was inaugurated.
His observations are quite similar to those made in a Binance Research report from earlier in the year, which found that BTC has historically struggled during US midterm election years before posting gains once the political uncertainty faded.
Per the report, Bitcoin dropped by an average of about 56% during completed midterm cycles since 2014, before returning an average gain of roughly 54% in the year after the elections.
Wedson had earlier contended that while many market participants believed Bitcoin has already established a bottom, “a price recovery alone does not confirm a structural shift.” He said there must be clear signs of capitulation and deleveraging, as well as short-term investors bringing in new capital before such a conclusion can be reached.
Macro Conditions Could Shape Whether History Repeats
There’s still about three months left before Americans go to the polls, and BTC is currently hovering around the $64,000 level, which is nearly 50% below its October 2025 all-time high of over $126,000, with data from CoinGecko showing it dipped about 2.5% in seven days.
However, it’s still up nearly 8% across the last month, after weathering the latest Federal Reserve decision to leave interest rates unchanged at 3.50% to 3.75%.
The post Bitcoin’s Next Bull Run Could Follow US Midterms: Analyst appeared first on CryptoPotato.
Crypto World
‘Don’t Fear a Drop to $60K:’ Analyst Sees That as a Healthy Reset for BTC
The leading cryptocurrency experienced enhanced volatility over the past week, eventually stabilizing at around $64,500 (per CoinGecko’s data).
Given the ongoing bear market, though, the price may soon head south again, but one popular analyst claimed that a dip to around $60K should actually be welcomed as good news.
Exactly What BTC Needs?
The renowned analyst Ali Martinez argued that a drop by nearly five grand would complete a classic inverse head-and-shoulders pattern that could set the stage for a serious pump. The setup consists of three dips – a low (left shoulder), a deeper plunge (head), and another low (right shoulder) and signals that sellers are running out of steam.
According to Martinez, the completion of the pattern combined with a confirmed breakout above $66,500 could open the door to a pump to a two-month high of around $74,000.
The analyst has been quite focused on BTC lately, revealing that whales have purchased roughly 29,000 units (worth more than $1.8 billion at current rates) over the past week. Accumulation from this cohort of investors is considered a bullish sign as it suggests that they are preparing for a potential upward move. Their actions could encourage smaller players to hop on the bandwagon, too, thus distributing fresh capital into the ecosystem.
Another comment from Martinez was his recent prediction about when BTC will reach its bottom. If the 4-year cycle theory holds, he expects that to happen between October 6 and October 16. This is a common thesis among analysts, as many believe the cryptocurrency could nosedive to multi-year lows before entering a new bull run. Others, like Joao Wedson, anticipate that the pivotal moment when bulls would finally regain control is the midterm elections in the US scheduled for early November.
An Additional Bullish Forecast
Vivek Sen – an X user with almost 300,000 followers – presented another optimistic scenario for BTC, based on the formation of a cup-and-handle breakout.
The pattern represents a big rounded dip (the cup), followed by a smaller pullback (the handle) and typically shows that the asset has built up strength and is perhaps gearing up for a rally. According to the analyst, this formation could be a precursor to a giant increase, setting $220,000 as the minimum target.
“Most people will only find out after it happens,” he added.
The post ‘Don’t Fear a Drop to $60K:’ Analyst Sees That as a Healthy Reset for BTC appeared first on CryptoPotato.
Crypto World
Ark Invest Rotates Within Crypto Equities, Adding Coinbase and Circle While Trimming Other Names
Ark Invest sold shares of Bitmine Immersion Technologies, Bullish, and Block as crypto-related equities extended losses across U.S. markets. The move raised questions after months of aggressive buying during previous pullbacks. Rather than signaling a broad exit, the latest trades suggest Ark is actively rotating capital within its crypto portfolio instead of abandoning the sector.
That view is supported by recent buying activity. Over a three-day period, Ark purchased roughly $43.5 million in crypto stocks, including 122,544 Coinbase shares valued at nearly $18.6 million and 169,777 Circle shares worth about $12.9 million. The purchases came as both companies declined alongside Bitcoin and weakening expectations for U.S. crypto legislation.
The broader backdrop also explains the pressure. Falling digital asset prices have weighed on exchange revenues and crypto-related valuations. At the same time, uncertainty surrounding U.S. market structure legislation has cooled investor optimism. Stocks that previously benefited from expectations of regulatory progress have been among the hardest hit during the recent pullback.
Discover: The Best Crypto to Diversify Your Portfolio
Position Rotation Looks More Likely Than a Thesis Change
Ark’s history with these companies provides important context. The firm invested roughly $16.8 million into Bullish and about $7.6 million into Bitmine during late 2025. It also deployed approximately $38.7 million into Coinbase, Bitmine, Circle, and Bullish during another sharp crypto equity decline. Those earlier purchases leave plenty of room to trim positions without changing the broader investment thesis.

The direction of recent trades reinforces that interpretation. Ark previously sold about $8.9 million worth of Block, Bullish, and Robinhood while purchasing roughly $12.5 million of SpaceX and Bitmine. That pattern suggests the firm is reallocating capital toward higher conviction ideas rather than reducing overall crypto exposure.
Block deserves separate attention because its business extends beyond cryptocurrency. Payments, merchant services, and Bitcoin products all contribute to its revenue. Selling Block alongside Bullish and Bitmine therefore points to a broader reduction in crypto equity risk instead of targeting only pure play digital asset companies.
Coinbase and Circle tell a different story. Ark continued adding to both positions during the latest selloff despite near-term losses. That approach signals conviction rather than retreat. While those investments may currently sit below Ark’s average purchase price, the firm appears willing to absorb short-term weakness in exchange for longer-term growth potential.
Circle also occupies a different position within the crypto ecosystem. Its outlook depends heavily on stablecoin adoption and regulatory clarity rather than exchange trading volumes. Continued buying suggests Ark sees stablecoin infrastructure as a stronger long-term opportunity than several other crypto-related equities currently under pressure.
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Bitcoin, Regulation Will Shape Ark Invest Next Moves
Ark’s daily trade disclosures remain the clearest indicator of its strategy. If the firm resumes buying Bitmine or Bullish during additional weakness, the recent sales will likely be viewed as routine portfolio management. However, continued net selling across multiple sessions without offsetting purchases would suggest a more meaningful reduction in risk appetite.
External conditions will ultimately drive that decision. Bitcoin price trends remain the biggest factor influencing crypto equity performance, while regulatory developments continue shaping investor sentiment. Delays to market structure legislation could pressure valuations further, whereas renewed momentum in Washington may revive demand for crypto-linked stocks.
Ark has already shown it will act quickly when conditions deteriorate. Earlier this year, the firm sold roughly $11.2 million of its ARKB spot Bitcoin ETF alongside about $84 million in technology holdings during a broader risk reduction move. That history suggests Cathie Wood remains flexible. For now, the latest transactions look more like selective portfolio rotation than a broad retreat from crypto equities.
Discover: The Best Token Presales
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Crypto World
BNB Price Prediction: Binance Chain Dominates Weekly DEX Volume Amid Memecoin Revival
BNB Chain just posted $19 billion in weekly DEX volume, the highest among major blockchains, and the market is taking notice. BNB is trading near $580, holding steady after recent gains. However, BNB price still faces strong resistance around the $620 to $646 zone, where buyers must prove they can sustain a bullish prediction.
Dune Analytics data shows BNB Chain’s $19 billion in weekly DEX volume comfortably outpaced Solana’s $10.6 billion and Ethereum’s $5.8 billion during the same period. PancakeSwap remains the main driver, fueled by retail activity and another wave of memecoin speculation. That combination continues to generate heavy trading volume despite relatively modest capital inflows.

Meanwhile, Robinhood Chain, launched in July 2026, has already processed roughly $3.5 billion in trading during its first week. That rapid start highlights how quickly competition among Layer 2 networks and trading ecosystems can evolve, especially when fresh liquidity enters the market.
Still, DEX leadership alone does not guarantee higher prices. Strong on-chain activity supports demand for BNB, but sustained upside will likely depend on whether buyers can break and hold above the $620 to $646 resistance range. Until then, the recent surge in trading volume remains an encouraging signal rather than confirmation of a lasting breakout.
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BNB Price Prediction: Hit $650 This Week?
BNB is trading around $580, making it the strongest performer among the top 10 cryptocurrencies today, up more than 3%. That rebound puts it back above recent support, although the $620 to $646 resistance zone remains the next major hurdle.
Technical levels remain largely unchanged. A daily close above $646 would strengthen the bullish case and could open the way toward the $650 to $670 range over the coming weeks. Until then, BNB may continue consolidating while buyers build momentum.
If BNB holds above $580, the recent surge in BNB Chain activity should continue supporting sentiment. The chain’s industry-leading DEX volume and renewed memecoin trading have helped attract fresh liquidity. Even so, price action still needs to confirm the improving fundamentals.
On the downside, a daily close below $565 would weaken the current recovery and expose the $540 area. Longer term, some analysts still project $1,300 to $2,100 across future market cycles, supported by Binance’s token burn mechanism and continued ecosystem growth.
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Bitcoin Hyper Targets Early Mover Upside as BNB Tests Key Levels
BNB at $580 with a path to $650 is a legitimate trade, but at a $78B+ market cap, the asymmetry is structurally limited. A move from $588 to $1,100 represents roughly a 90% gain. That’s meaningful, but it’s not the kind of return profile that early-stage infrastructure plays can offer.
Bitcoin Hyper ($HYPER) is building what it positions as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, bringing smart contract execution speed and low fees to the Bitcoin ecosystem without sacrificing Bitcoin’s base-layer security.
The pitch is direct: BTC’s trust and finality, SVM’s throughput and programmability. The presale has raised $32.9 million at a current price of $0.0136839, with staking available for early participants.
The broader DeFi liquidity infrastructure narrative, the same one driving BNB Chain’s DEX volume story, is exactly the environment where a Bitcoin L2 with SVM could find traction.
Traders watching BNB for a breakout may find the risk/reward more interesting one layer down the cap table. Research Bitcoin Hyper before the presale closes.
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Crypto World
Ethereum price stalls below $2K as fear blocks breakout
Ethereum price remained trapped near $1,920 on July 30 as resistance below $2,000, restrictive US monetary policy, delayed crypto legislation, and broader market fear limited demand.
Summary
- Ethereum price traded near $1,922, below resistance around $1,938 and the psychological $2,000 level.
- 4-hour momentum remains constructive, but a negative CMF reading shows weak capital inflows.
- US spot Ethereum ETFs recorded $18.65 million in net outflows on July 29.
- Fed policy, the delayed CLARITY Act, and geopolitical risks are discouraging aggressive risk-taking.
Ethereum price consolidates below $2,000
According to data from crypto.news, Ethereum (ETH) price was trading around $1,922 at the time of writing, up roughly 0.6% on the daily chart but still unable to turn its July recovery into a clean breakout.
The token has spent several sessions consolidating below $2,000 after briefly reaching the $1,970–$1,980 area earlier in the week. Sellers repeatedly appeared near the upper end of that range, preventing ETH from challenging the psychological threshold.
The daily chart places immediate resistance near $1,938, an area that previously acted as support in February and March. Ethereum’s latest candles have formed directly below that level, suggesting buyers and sellers are waiting for a stronger catalyst before taking control.

Momentum has also started to flatten. The daily relative strength index stood near 58, keeping ETH above neutral territory but below overbought levels. The MACD remained positive, although its lines were converging and the histogram had slipped slightly below zero.
These signals point to consolidation rather than a confirmed bearish reversal. However, they also show that the recovery from June’s low near $1,530 has lost momentum as ETH approaches heavier overhead supply.
Macro fear is limiting risk appetite
Ethereum’s stalled breakout follows the Federal Reserve’s decision to maintain its benchmark interest rate at 3.5%–3.75%. Although the decision was widely expected, it gave investors little reason to increase exposure to high-beta assets.
Three Federal Open Market Committee members voted for a quarter-point rate increase, showing that inflation remains a concern inside the central bank. Chair Kevin Warsh also reaffirmed the Fed’s commitment to returning inflation to its 2% target, leaving open the risk of tighter policy if price pressures persist. The Federal Reserve’s statement confirmed the 9–3 decision.
Higher rates increase the relative appeal of interest-bearing assets while raising the opportunity cost of holding cryptocurrencies. The effect is especially important for Ethereum because its recent recovery has depended partly on investors becoming more willing to move back into risk assets.
Geopolitical pressure has added another layer of uncertainty. Brent crude jumped more than 7% on Wednesday amid renewed US-Iran tensions, while the Dow fell 2.2%, the S&P 500 lost 1.5%, and the Nasdaq declined 1.7%. The combination of rising energy prices and weaker equities raised fresh concerns that inflation could remain elevated.
The crypto market’s broader mood reflects that caution. The Fear and Greed Index remained in the “Fear” category on July 30, showing that traders have yet to regain confidence despite ETH’s recovery from its June low.
CLARITY Act delay removes a crucial catalyst
Regulatory uncertainty is also weighing on Ethereum indirectly. The US Senate has postponed work on the Digital Asset Market Clarity Act while lawmakers prioritize a Russia sanctions package and federal nominations.
The delay reduces the likelihood of meaningful progress before the Senate’s August recess. The bill is intended to clarify how the Securities and Exchange Commission and Commodity Futures Trading Commission divide oversight of digital assets.
Ethereum already has access to regulated US spot exchange-traded funds, but wider market-structure rules could encourage exchanges, brokers, and institutions to expand their crypto operations. Delaying those rules leaves investors without a near-term regulatory catalyst.
According to data from SoSoValue, US spot Ethereum ETFs recorded approximately $18.65 million in net outflows on July 29, reversing the previous session’s inflow. The withdrawal was modest compared with the funds’ recent weekly gains, but it showed that institutional demand was not strong enough to force ETH through $2,000 during the latest attempt.
Ethereum breakout needs stronger capital inflows
Ethereum’s 4-hour chart remains more constructive than the macro backdrop. ETH was trading above its 20-period, 50-period, 100-period, and 200-period simple moving averages, which stood near $1,913, $1,903, $1,889, and $1,801, respectively.

An ascending trendline also continues to support the recovery. That structure gives buyers a path toward $1,960 and $2,000 as long as ETH holds above the $1,888–$1,900 region.
However, the Chaikin Money Flow indicator stood at minus 0.05. A negative reading means capital flow has not confirmed the rising price structure, increasing the risk that another push toward resistance will fade without stronger spot demand.
The liquidation heatmap shows a concentrated liquidity pocket near $1,940, followed by a wider cluster around $1,980–$2,000. A move through $1,940 could therefore trigger short liquidations and pull ETH toward the psychological barrier.

Downside liquidity is concentrated near $1,840. If Ethereum loses the ascending trendline and breaks below $1,888, that lower cluster could attract price and expose the 200-period average near $1,800.
Analysts see upside if support holds
Crypto analyst Michaël van de Poppe expects the recovery to continue while Ethereum remains above its medium-term moving averages.
“As long as ETH remains above the 21-Day MA and the 50-Day MA, higher prices are likely going to follow.”
Van de Poppe also identified US personal consumption expenditure inflation and advance gross domestic product data as the next macro catalysts. Softer inflation could ease pressure on Treasury yields and improve demand for technology stocks and cryptocurrencies.
Analyst Ted Pillows placed Ethereum’s main support slightly lower.
“As long as the $1,850–$1,870 level holds, the next big move for Ethereum will be upside.”
For now, Ethereum’s structure remains resistant to the negative backdrop rather than decisively bullish. Holding above $1,888–$1,900 preserves the recovery, but a sustained breakout will likely require ETH to clear $1,940 with stronger volume before overcoming the larger $1,980–$2,000 supply zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament
South Korea plans to impose an up to 22% combined tax on annual crypto gains exceeding 2.5 million won ($1,740).
The country plans on taxing cryptocurrency gains from Jan. 1, 2027, signaling that it does not intend to postpone the measure for a fourth time.
The tax was originally due to take effect in January 2022 and had been postponed until 2025. A December 2024 amendment delayed its introduction by another two years, to the start of 2027.
“We are pushing forward with the plan to tax [cryptocurrency] starting next year as scheduled., Deputy Prime Minister Koo Yun-cheol told lawmakers at a July 29 meeting of the National Assembly’s Finance and Economy Planning Committee.
Under the current framework, income from transferring or lending crypto will be taxed separately as “other income.” Investors will receive an annual deduction of 2.5 million won, with gains above that threshold subject to a 20% national tax rate, or 22% including local income tax, according to Korea’s National Tax Service.
Kim Sang-hoon, of the principal opposition People Power Party, criticized the absence of loss carryforwards and warned that investors could shift activity to overseas centralized exchanges, decentralized platforms and peer-to-peer markets.
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𝗔𝗥𝗞 𝗜𝗡𝗩𝗘𝗦𝗧 𝗦𝗟𝗜𝗖𝗘𝗦 $𝟮𝟬𝟬𝗠 𝗙𝗥𝗢𝗠 𝗕𝗜𝗧𝗠𝗜𝗡𝗘!
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