Crypto World
Stablecoin growth will erode bank deposits, says ECB’s Cipollone
ECB’s Piero Cipollone said stablecoin adoption could erode bank deposits, but the digital euro will keep banks at the center of payments.
Jan said many Binance employees, including himself, already keep most of their assets on the exchange. “I could make payments, I could use my debit card to spend whatever I need wherever I want,” he said.
Lines are blurring
Eneko Knorr, co-founder and CEO of Dubai-based stablecoin company Stabolut, said the line between banks and crypto companies is becoming harder to see.
“Today, you see regular banks offering crypto, and crypto platforms offering real bank accounts and normal banking services,” Knorr told CoinDesk. “Of course, the world still runs on regular money, so we all have to make a standard bank transfer to pay rent or the utility bills.”
Knorr said younger customers may choose an app that combines stablecoins with daily banking services.
Rohan Misra, head of the Gulf Cooperation Council region and CEO of AMINA Bank ADGM, said stablecoins are increasingly used for payments and settlement but still need regulated banking infrastructure.
“The wallet alone isn’t the bank account,” Misra said. “The regulated infrastructure around it is.”
Misra also questioned whether self-custody, where users control their private keys, would become the default.
“Self-custody means if someone accesses your private key, your assets are gone with no recourse, no recovery and no insurance,” he said. “That’s cash under a mattress.”
Ethereum remains trapped below a major higher-timeframe resistance cluster despite recovering strongly from its June lows. The recent rejection near local highs has pushed the asset back into an important support zone, while the price is approaching a technical decision point that should determine whether buyers can extend the recovery toward higher resistance or whether another corrective leg unfolds.
ETH Price Analysis: The Daily Chart
On the daily timeframe, ETH continues to trade below the descending 100-day and 200-day moving averages, confirming that the broader market structure remains bearish despite the recent rebound.
The asset recently failed to sustain a move above the short-term resistance around $1.9K and has now pulled back into the $1.75K-$1.85K demand zone. This region has acted as support throughout the current recovery and now represents the first line of defense for buyers.
As long as Ethereum holds above this area, another push toward the major decision zone between $2K and $2.15K remains possible. This region also aligns with the descending long-term trendline and the declining 100-day moving average, making it the most significant resistance cluster on the daily chart.
A successful breakout above this confluence would mark an important structural improvement, while rejection would likely shift attention back toward the long-term demand zone around $1.45K-$1.55K.
ETH/USDT 4-Hour Chart
The 4-hour chart shows Ethereum pulling back after failing to extend above the recent swing high near $1.95K. The correction has pushed it back to the short-term demand zone around $1.76K-$1.84K, which has repeatedly attracted buyers over the past week.
This area now serves as the immediate support needed to preserve the sequence of higher lows established since early July. Holding above it could allow another attempt toward the upper boundary of the current recovery structure and eventually the daily resistance around $2K.
However, losing this demand zone would likely expose the lower support levels around $1.7K before buyers attempt another recovery.
Sentiment Analysis
The liquidation heatmap highlights a large concentration of short liquidations positioned above the current market, with the most notable liquidity cluster sitting around the $1.95K-$2K region.
Importantly, this liquidity pool aligns closely with the key technical resistance visible on both the daily and 4-hour charts. The cluster sits directly beneath the higher-timeframe supply zone around $2K-$2.15K and near the descending trendline, creating a strong confluence between derivatives positioning and technical resistance.
This alignment increases the probability that Ethereum could first stage an upside liquidity grab into the $1.95K-$2K area to sweep leveraged short positions before facing renewed selling pressure from the overhead supply zone. A decisive breakout through both the liquidity cluster and the daily resistance would invalidate this scenario and instead strengthen the case for a broader bullish reversal.
The post Ethereum Price Analysis: $2K Dream Remains on the Table as ETH Defends Key Levels appeared first on CryptoPotato.
Supporters of BIP-110 view Bitcoin as a public utility whose scarce block space should be reserved primarily for monetary settlement. Inscriptions and other data-heavy applications represent consumption of a limited resource that should be protected for financial transactions, even if doing so requires introducing new consensus rules.
DOG Mode starts from the opposite premise.
Leonidas argued Bitcoin should remain a neutral marketplace for block space, where any valid transaction is equally legitimate provided the sender pays the prevailing fee. From that perspective, there is no objective distinction between a bitcoin payment and an Ordinals inscription.
Rather than seeking permission through a protocol upgrade, the intention for DOG Mode is to remove policy restrictions that its supporters argue Bitcoin itself never required.
The proposal also raises a more subtle question about Bitcoin’s infrastructure.
If enough nodes begin running different policy software, the network’s mempool — the collection of unconfirmed transactions waiting to be mined — could become increasingly fragmented. Consensus would remain intact, but different parts of the network could relay different transactions, affecting fee estimation and how quickly some transactions reach miners.
That fragmentation already exists to a degree, but DOG Mode could widen those differences by encouraging broader acceptance of transactions that many default nodes currently refuse to relay.
Crypto World
Trump targets Brazil’s payments system while dollar stablecoins are quietly overtaking country’s payments
Dollar-linked stablecoins already account for roughly 90% of crypto transaction volume in Brazil, most of it used for payments and settlement, according to tax authority data.
Brazil processes between $6 billion and $8 billion in crypto each month, much of it using dollar-denominated stablecoins instead of the country’s own currency.
However, even as dollar stablecoins have proliferated, Brazil’s central bank has moved to limit their role in regulated cross-border payments. Resolution 561, effective October 1, is set to bar payment firms from settling cross-border payments in stablecoins or other crypto, closing a back-end channel that had routed reais through dollar tokens. The central bank has cast stablecoins as a threat to monetary sovereignty, tax enforcement and anti-money laundering controls.
Pix now faces pressure from both sides after Washington named it a trade barrier, while Brazilian regulators shield it from growing competition from dollar-backed stablecoins.
Pix, however, may not be competing with stablecoins.
“In practice, they are complementary,” Rodrigo Caggiano, founder of Brazilian real-world asset monitoring platform RWA Monitor, told CoinDesk. “Pix has addressed domestic instant payments well, while stablecoins expand what is possible by operating on blockchain networks.”
U.S. pressure is likely to accelerate Brazil’s regulatory debate on stablecoins and digital financial infrastructure, Caggiano said, as the central bank builds its own tokenized-settlement system, Drex, on similar programmable rails.
Around 54% of liquidity in positions below $1,000 was out of range, compared with 26% for positions above $1 million. Yet positions worth more than $1 million accounted for 47% of all idle capital, or roughly $260 million.
While contract-managed positions stayed within a more consistent range, individual wallets accounted for between 82% and 94% of the attributed idle capital on Uniswap v3, depending on the chain. That suggests liquidity deposited directly by users and requiring manual adjustments is more likely to go unattended and fall out of range.
Dune estimated that these out-of-range providers, that are sitting idle, could be missing roughly $150 million in fees each year, based on a blended in-range fee APR of about 35%.
Liquidity providers deposit token pairs that decentralized exchanges use to complete swaps. They earn a share of the fees paid for trades using that liquidity pool while their positions remain in the range they set.
However, the research said that the figure is not guaranteed recoverable income. Keeping positions active can add transaction costs, execution risk and exposure to unfavorable price movements.
1inch commissioned the research ahead of the planned launch of Aqua, a new liquidity protocol. Dune said it developed the methodology and reached its conclusions independently.
Meta is reportedly in talks to lease computing power to Anthropic in a deal worth as much as $10 billion over two years, according to the New York Times.
The arrangement would open a new business line for Meta while easing Anthropic’s desperate hunt for compute.
Inside the Reported Meta and Anthropic Compute Deal
Computing power, or compute, refers to the data center capacity used to train and run artificial intelligence models. The Anthropic proposal, first announced in June, would let the startup rent Meta’s excess infrastructure rather than build its own facilities.
According to the NTY, Anthropic would pay Meta in monthly installments over the two-year period, with an early-exit clause available to either party.
The scale still looks modest by industry standards. The proposal runs about a third of the deal Anthropic signed with Elon Musk’s SpaceX in May.
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Under that agreement, the AI firm pays roughly $1.25 billion monthly, or $45 billion over three years, for computing power. Similar early-exit provisions reportedly applied to that larger contract as well.
The talks remain in early stages and may still collapse before closing. Both Anthropic and Meta declined to comment on the reported negotiations.
The context explains the urgency. Leading AI companies are racing to secure compute, while Meta, Google, and Microsoft pour hundreds of billions into new data centers worldwide.
That construction boom has unsettled Wall Street. Investors increasingly question whether such extraordinary levels of spending can ever be justified by real returns.
“Anthropic needs a lot of compute, and Meta has a lot of compute. Anthropic has really good models. Meta, until very recently, didn’t have very good models, and now they have, you know, I would say an A-minus to B-tier frontier model,” MTS’s Theo Jaffee said.
Why Would Meta Rent Compute to a Direct Rival
For Meta, a potential deal would carry unusual weight. It could create fresh revenue and ease pressure from shareholders skeptical of the company’s aggressive infrastructure budget.
Mark Zuckerberg has said Meta will spend as much as $145 billion this year, most of it on AI. That figure more than doubles the $72 billion spent the previous year.
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Doubts about Meta’s own models add another layer. The company has admitted it might build more data centers than its AI products currently require.
Selling that surplus offers an obvious fix. Zuckerberg hinted on a May investor call that outside firms regularly ask to buy compute at a premium.
He said Meta had resisted so far because it still expected to use the capacity internally. Overbuilding, however, would make leasing the surplus a far more logical option.
The growing scarcity of compute has pushed direct rivals toward cooperation. Anthropic, valued near $1.2 trillion and preparing to go public, has seen demand surge since launching Claude Code.
Meta itself already rents capacity elsewhere, including a $21 billion CoreWeave deal and a $27 billion agreement with Nebius. Rising compute prices now let the company consider renting its own centers out to others.
The post Meta Reportedly In Talks With Anthropic Over a $10 Billion AI Deal appeared first on BeInCrypto.
France’s gambling regulator has ordered internet providers to block access to Polymarket. The order comes days before Les Bleus face England in the FIFA World Cup 2026 bronze medal match.
The National Gambling Authority, known as the ANJ, has labeled the platform an illegal betting operation. It also flagged manipulation risks just as the prediction interest around the fixture builds.
France’s Regulator Moves to Cut Off Access
The ANJ’s president instructed French internet providers to block Polymarket entirely, calling the platform’s offering illegal. The regulator said Polymarket attracts a particularly large audience while promoting an illegal gambling and betting offering.
The agency also flagged manipulation risks tied to some Polymarket wagers. That adds pressure on a platform facing scrutiny across Europe’s Polymarket bans. The Netherlands already threatened steep fines earlier this year.
A Pattern Stretching Well Beyond France
France now joins a lengthening list of regulators pushing back. Kentucky’s attorney general filed a prediction market lawsuit against Polymarket and Kalshi this year. Australia tightened gambling ad restrictions around live sports broadcasts.
Polymarket, meanwhile, has kept courting friendlier jurisdictions. The company is reportedly pursuing a Japan approval push, targeting Tokyo by 2030.
The split shows a clash between wary regulators and Polymarket. Regulators worry about consumer harm. Polymarket insists its contracts serve legitimate price discovery, not gambling.
Bettors Still Favor Les Bleus
None of that scrutiny has cooled interest in today’s third-place playoff. That mirrors a broader surge in World Cup prediction markets throughout the tournament. Polymarket’s live market prices France at 67 cents to beat England. That implies roughly a 67% chance for Les Bleus.
The French ban does not reach bettors abroad. But it signals regulators are no longer willing to wait for prediction markets to police themselves. Whether Polymarket adapts its French offering or simply walks away remains an open question heading into kickoff.
The post France Blocks Polymarket Ahead of World Cup 3rd Place Match appeared first on BeInCrypto.
It’s easy to get lost in the sea of news coming daily in the cryptocurrency world, from bitcoin price volatility to regulatory battles in Washington and everything in between. Sometimes, interesting stories are just passed by.
Here are four of the most intriguing news developments that went live in the past week and you might have missed.
North Korea-Linked Dev at MetaMask
According to an internal script obtained by Drop Site News, Consensys, the entity behind the popular Ethereum wallet MetaMask, confirmed that a consultant introduced through a third-party provider was later found to have links to North Korea. The reason for concern is that the country’s authorities have long employed hackers to infiltrate popular cryptocurrency projects, find or insert vulnerabilities, and later exploit them for their own benefit.
The developer in question worked with MetaMask for about a month and contributed to code related to the wallet before their access was terminated. Consensys said it temporarily suspended product releases to investigate the incident but found no evidence that assets or data were stolen, malicious code was deployed, or users were affected.
Knaken Goes Bankrupt
A Rotterdam court declared the local crypto exchange Knaken bankrupt after prosecutors alleged that approximately €7 million ($7.6 million) in customer funds were missing and could not be accounted for. Users were unable to access the platform for approximately a month since it halted operations in June.
The court concluded that Knaken did not have enough assets to repay all customers. This collapse comes at an intriguing time as the European Union just implemented its MiCA requirements, and it raises questions about how effectively the new regulatory framework can protect customers from platforms operating without the required authorization.
Injective Submits TA-1
The team behind the popular blockchain project said they submitted Form TA-1 to the US SEC to register as a transfer agent. If approved, Injective could maintain official ownership records for tokenized securities directly on-chain.
Transfer agents traditionally record ownership changes, process transfers, and help issuers maintain shareholder records. However, Injective’s new approach aims to represent a practical attempt to connect public blockchains with regulated US capital markets rather than simply using unregulated stock representations.
Injective has filed its transfer agent registration with the SEC, marking a major step towards becoming a leading blockchain with a regulated pathway to issue securities onchain.
This advances RWA market infrastructure in the New Internet Economy, right here in the US. pic.twitter.com/u97CMk1rBT
— Injective
(@injective) July 16, 2026
Robinhood Chain Gains ETH Traction
Robinhood Chain’s first couple of weeks of existence have been quite overwhelming, especially for Ethereum. Reports emerged a few days ago that over $70 million worth of the altcoin was already bridged to the newly launched chain.
These significant early inflows suggest impressive interest in the new ecosystem, but the real test will be whether the liquidity remains after this initial hype period and develops into sustained trading and application usage. Is this indeed demand for tokenized assets rather than short-term speculative activity?
The post Here Are Four Important Crypto Stories You Might Have Missed This Week appeared first on CryptoPotato.
“This week we have seen some large blocks in BTC topside call spreads,” Jean-David Péquignot, chief commercial officer at Deribit, told CoinDesk.
Options flow of this size and repetition often reflects institutional positioning rather than retail activity, given the capital required and the precision of the strike selection.
The timing is notable for two reasons. First, it suggests confidence in bitcoin’s recent bounce to $64,000 from under $58,000 earlier this month. More importantly, the trade targets the July 31 settlement, two days after the Federal Reserve’s July 29 interest rate decision. The call spread flow suggests that at least some large traders expect the meeting to serve as a catalyst for a move toward $72,000.
Fed funds futures currently point to a hold at the July meeting, with most trackers putting the probability of the central bank keeping its benchmark rate unchanged at 3.5%-3.75% in the 75%-80% range. The remaining odds are split between a rate hike and, to a lesser extent, a cut.
Rate-hike fears have ebbed following June inflation data, which showed a sharp deceleration in price pressures at both the consumer and producer levels. Much of the relief traces to a sharp pullback in oil prices during the month, tied to a ceasefire between the U.S. and Iran; core inflation, which strips out food and energy, was flat.
Ethereum (ETH) could be entering the final stage of a long-term bullish pattern that eventually sees it go as high as $22,000, according to new analysis shared by pseudonymous crypto commentator NoName on July 17.
While the projection is highly speculative, it has added to a growing debate over whether ETH’s June lows marked the start of a broader recovery.
Analyst Points to Long-Term Chart Patterns After ETH Rebound
According to a chart the market watcher shared on X, since 2021, Ethereum has been building what technical analysts call an expanding diagonal, consisting of five waves, with each successive wave becoming larger than the last one. They pointed out that the first four waves were already done, with the fourth having found support between $1,072 and $1,385.
“That’s the floor this entire structure was building toward,” NoName explained, adding that expanding diagonals often end with a fifth wave that breaks above the previous cycle high. They also compared ETH’s structure to a historical Dow Jones Industrial Average (DJIA) fractal and said that both charts have a similar formation and could produce a similar breakout. Based on that interpretation, the projected target is anywhere from $12,000 to $22,000.
“Same structure, same resolution,” wrote the analyst. “Wave 5 target: 12k-22k.”
They also described ETH as “one of the most underpriced assets on the market” currently, suggesting that many people had given up on it, which could create an opportunity for long-term investors.
Another analyst, Crypto Patel, reached a similar conclusion using a different framework. In his version, he said that Ethereum has been following a Wyckoff accumulation pattern that could eventually lift the asset toward $10,000 by 2027 or 2028, provided the recent swing low around $1,500 remains intact. The trader also identified resistance between $2,400 and $2,600 and called it the first major hurdle the world’s second-largest cryptocurrency will have to overcome before any larger advance in its price could begin.
CryptoQuant contributor CW8900 also struck an optimistic note, sharing data showing that Ethereum wallets holding more than 100,000 ETH have gone back to green following the latest rebound. According to him, whales have only fallen into loss during major market bottoms, and their return to profit on many occasions has coincided with either a sustained rally or a meaningful short-term recovery.
The Other Side of the Coin
In June, ETH went very close to the $1,500 level, but softer-than-expected US inflation data released this week helped push it up to its highest level in a month and a half at $1,940 before sellers dragged it back below $1,900.
At the time of writing, CoinGecko data showed the asset trading close to $1,800, having dropped by about 5% in 24 hours but still up more than 3% during the past week.
But while those recent gains have improved sentiment, the market is not all rowing in the same direction. According to analyst Crypto Rover, a repeating 1,369-day cycle points to a scenario where ETH could move back below $1,500 before a lasting bottom forms.
The post Analyst Says Long-Term Bullish Setup Could Take Ethereum to $22K appeared first on CryptoPotato.
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