Pi Network price has climbed nearly 20% to around $0.086 on July 15 after an oversold rebound, with improving U.S. inflation data and renewed buying interest combined to lift the token from fresh record lows.

According to data from crypto.news, Pi Network (PI) rebounded from the $0.070-$0.072 area before reaching an intraday high near $0.086, while the latest U.S. inflation figures helped fuel a relief rally across the cryptocurrency market.

The move followed several weeks of relentless selling that had erased roughly 40% of the token’s value and pushed momentum indicators into deeply oversold territory, encouraging bargain hunters and short-term traders to step back into the market.

Oversold conditions and macro relief have supported the rebound

The recovery gained traction after Pi’s daily Relative Strength Index dropped to around 15, a level that typically signals exhausted selling pressure.

At the same time, softer-than-expected U.S. consumer price data improved sentiment across digital assets, drawing fresh liquidity into high-risk cryptocurrencies that had suffered some of the steepest declines during the recent market correction.

Trading activity also accelerated during the rally, with daily volume climbing above $27 million as speculative buyers returned. On the 4-hour chart, Pi has also produced a bullish MACD crossover, while the histogram has turned positive for the first time in days, suggesting bearish momentum has weakened in the short term.

Even so, the technical picture has yet to fully recover. TradingView data shows PI remains below all of its key moving averages, including the 50-period, 100-period, and 200-period simple moving averages, leaving the prevailing downtrend intact despite the latest bounce.

The token briefly reclaimed its 20-period moving average near $0.084 before encountering resistance, indicating buyers still face selling pressure as price attempts to recover.

From a price structure perspective, the recent rebound has helped establish the $0.070 area as an important short-term support zone. However, stronger resistance now sits near the 50-period moving average around $0.094, followed by approximately $0.105 and $0.118, levels that would need to be reclaimed before the market could begin reversing the broader bearish trend.

Heavy token unlocks continue to weigh on sentiment

While macro conditions helped spark today’s rally, the factors behind Pi’s prolonged decline remain largely unchanged. Throughout July, the network has been absorbing substantial scheduled token unlocks, with roughly 103.7 million to 127 million PI entering circulation. The steady increase in available supply has repeatedly outpaced organic demand, contributing to sharp breaks below the $0.12 and $0.10 support levels.

At the same time, capital has continued flowing toward artificial intelligence-related equities in the United States and East Asia, reducing investor appetite for smaller, thinly traded crypto assets such as Pi. The combination of expanding token supply and weaker speculative demand has kept sustained buying pressure limited despite occasional relief rallies.

Developers have nevertheless continued introducing new products intended to strengthen long-term utility within the ecosystem. Recent Pi2Day releases added decentralized application hosting, developer software development kits, and an automated Know Your Customer verification service that requires payments in PI.

Alongside those launches, ongoing core upgrades based on newer versions of the Stellar protocol and continued community speculation surrounding potential listings on major exchanges such as Kraken remain among the key narratives that supporters believe could improve demand over time, although no such exchange listing has been officially confirmed.

SBI Global Asset Management has launched the world’s first tokenized Japanese equity fund on the Solana blockchain through a partnership with DigiFT, bringing a high-dividend equity strategy on-chain for institutional and accredited investors.

According to an announcement shared by SBI Global Asset Management on July 15, the company has introduced the SBI Japan High Dividend Equity Strategy Token (JX token) in collaboration with DigiFT, a regulated real-world asset exchange.

The token gives accredited and institutional investors blockchain-based access to a Japanese high-dividend equity strategy managed by SBI Asset Management Co. The launch is also DigiFT’s first on-chain tokenization of a Japanese equity fund.

Solana powers SBI’s latest tokenized investment product

Built on the Solana blockchain through DigiFT’s tokenization infrastructure, the JX token expands SBI’s digital asset offerings beyond stablecoins and payments.

According to DigiFT, the product combines traditional Japanese equities with blockchain-based ownership while allowing investors to access institutional-grade assets on-chain.

Commenting on the launch, DigiFT founder Henry Zhang said the company has focused on bringing institutional assets onto blockchain infrastructure that investors and asset managers can trust.

“Our mission at DigiFT has always been to bring real, institutional-grade assets on-chain through infrastructure that investors and asset managers can actually trust. JX extends that mission to Japan for the first time.”

The platform also supports settlements in USDC, while DigiFT said integration with a Japanese yen stablecoin is planned for a later stage. According to the company, token holders will also be able to use the asset in decentralized finance applications, including lending and asset management protocols such as Morpho.

The rollout comes as interest in tokenized real-world assets continues to grow across financial markets, with asset managers increasingly exploring blockchain-based distribution for traditional investment products.

Ripple partnership continues alongside multi-chain expansion

Although SBI Holdings has worked closely with Ripple since 2016 through initiatives including SBI Ripple Asia and more recent collaborations around the RLUSD stablecoin, the new equity fund has been launched on Solana because DigiFT’s tokenization platform is built on that network.

The move adds another blockchain to SBI’s digital asset strategy rather than replacing its existing relationship with Ripple. SBI and Ripple continue to work together on expanding XRP and XRP Ledger adoption across Japan.

Most recently, the companies partnered with Doppler to encourage institutional use of XRP in the country. Earlier, SBI also selected Ripple to support RLUSD stablecoin distribution in Japan as part of its multi-stablecoin strategy.

SBI has simultaneously been expanding its yen-backed stablecoin business. As previously reported by crypto.news, the financial group is preparing to introduce a lending product offering a fixed 3% annual yield on its JPYSC stablecoin through SBI VC Trade. The service, which could launch as early as this month, is expected to require users to lock their JPYSC holdings for three months.

The planned lending product follows the release of JPYSC, Japan’s first trust bank-backed yen stablecoin issued by SBI Shinsei Trust Bank. SBI previously said the stablecoin was designed to reduce transaction costs, support large-value transfers, and serve both retail and institutional users, complementing the company’s growing portfolio of blockchain-based financial products.

Cathie Wood’s ARK Invest is doubling down on its bet on USDC issuer Circle even as the company’s stock remains under pressure.

ARK bought another 220,000 shares of Circle Internet Group (CRCL) across three of its actively managed exchange-traded funds on Tuesday, according to the company’s daily trade disclosure reviewed by Cointelegraph.

Based on Circle’s Tuesday closing price of $63.22 on the New York Stock Exchange, ARK’s latest purchase was worth about $13.9 million.

Circle shares were down about 22% year-to-date and roughly 76% below their post-initial public offering (IPO) peak.

ARK discloses 725,000 Circle shares in July purchases

ARK’s latest buy brought its disclosed July acquisitions of Circle shares to 725,517, following previous buys of 287,609 shares on July 1 and 217,896 shares on July 9.

The latest trade disclosures show ARK has consistently added to its Circle position across its flagship funds despite the stock’s prolonged decline, underscoring the investment manager’s conviction in the USDC issuer.

Source: ARK Invest

As of Wednesday, Circle accounted for 4.37% of the ARK Fintech Innovation ETF (ARKF), making it the fund’s seventh-largest holding. ARKF’s Circle position was valued at about $33 million, according to its latest holdings data.

Related: USDC issuer Circle wins final approval for US national trust bank charter

Circle also represented 3.35% of the flagship ARK Innovation ETF (ARKK), where it ranked as the fund’s ninth-largest holding, worth about $218 million.

Analysts see growing risks for Circle

ARK’s latest purchase came as analysts reassessed Circle’s outlook following a sharp decline in the company’s stock price.

Digital asset research platform 10x Research said it no longer considers Circle a buy after the stock fell back below $80. In a report published Tuesday, the company said it previously viewed CRCL as attractive below that level but now says Circle’s fundamentals have “meaningfully deteriorated.”

Source: 10x Research

The research report also pointed to slower USDC activity, including a decline in active addresses, as a concern for Circle.

Related: USDT wins payments, USDC wins DeFi as stablecoins diverge: Dune

USDC’s market capitalization has declined roughly 3% year-to-date to $73 billion at the time of publication, according to CoinGecko. Despite the recent decline, the stablecoin’s market capitalization remains about 17% higher than a year ago.

Still, 10x Research said a bullish case for Circle remains, adding the stock’s recent decline could either present a long-term buying opportunity or mark the start of a more prolonged downturn.

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SpaceX stock has steadied above its IPO price after Needham raised its price target to $250 despite growing warnings that an AI stock bubble could threaten financial markets.

According to Needham, the investment bank lifted its target on SpaceX shares from $200 to $250 while maintaining a buy rating, arguing that recent AI developments and upcoming launch milestones could support the company’s valuation.

The upgrade comes even as SpaceX stock remains under pressure after a sharp pullback from its post-listing highs.

Shares traded around $136 at the time of writing on July 15, down 0.18% on the day after briefly falling to the IPO price of $135 earlier this week. The stock had slipped below its Nasdaq debut price of $150 on July 7 as investors continued taking profits following its strong listing rally.

Needham sees AI and Starship as upside catalysts

Needham attributed its higher valuation to two near-term developments linked to Elon Musk’s AI strategy and SpaceX’s launch schedule. The bank said the release of Grok 4.5 on July 8 fits with Musk’s efforts to rebuild the company’s AI program, a development it believes could strengthen investor confidence.

The investment bank also pointed to the planned Starship Flight 13 launch on July 16. According to Needham, a successful mission could expand SpaceX’s commercial opportunities and act as another catalyst for the stock.

The bullish call stands in contrast to growing concerns about AI-related valuations. On July 8, former White House economic advisers Jared Bernstein and Ryan Cummings warned that the AI bubble continues to inflate as technology companies keep increasing spending on artificial intelligence.

Those concerns gained fresh attention after Bank of England Governor David Bailey cautioned that a sharp correction in AI stocks could spill over into the broader economy. Bailey said such a downturn could eventually require central banks to respond with measures such as interest-rate cuts to limit economic damage.

Even with those warnings, investor appetite for AI companies has remained firm. Reports that DeepSeek is preparing an initial public offering at a valuation of roughly $75 billion have added to expectations for another major AI listing. The planned flotation follows reports that OpenAI and Anthropic are also preparing to go public.

Technical picture points to a key breakout level

The hourly chart shows SpaceX shares trading inside a descending channel that has guided price action lower since early July. Although the broader short-term trend remains bearish, the stock has bounced from support near $135, where the lower boundary of the channel and the psychological support level converge.

Momentum indicators suggest selling pressure may be easing. The Relative Strength Index has recovered to around 36, keeping the stock close to oversold territory without yet confirming a reversal. At the same time, the MACD remains below zero, but its histogram has flattened considerably, indicating bearish momentum is weakening.

For buyers, the first technical hurdle sits near the channel’s upper boundary around $137 to $138. A move above that area could clear the path toward $140, while a sustained breakout may allow the stock to retest its Nasdaq debut price of $150. Conversely, if the $135 support fails, the descending channel suggests the current downtrend could continue.

Institutional investors have continued adding exposure despite the recent decline. ARK Invest purchased approximately $21.3 million worth of SpaceX shares on July 13, extending a position that began with a $528 million purchase when the company debuted on Nasdaq on June 12 under Cathie Wood’s leadership.

Aave has expanded its V4 lending protocol beyond Ethereum for the first time by deploying it on Avalanche to support tokenized real-world asset lending and institutional credit markets.

According to an announcement from Aave, the deployment brings the protocol’s latest lending infrastructure to Avalanche, a network already used for decentralized finance, tokenization, and institutional blockchain applications.

The rollout follows Aave V3’s earlier presence on Avalanche, where the protocol has managed billions of dollars in liquidity, and introduces infrastructure designed for specialized lending markets backed by tokenized assets.

Avalanche becomes Aave’s first destination for V4

With the new deployment, Aave V4 introduces a Hub and Spoke architecture that allows separate lending markets to operate under their own collateral and risk settings while remaining connected to shared liquidity. According to Aave, the structure is intended to support institutional use cases without isolating liquidity across individual markets.

Among the planned applications are lending markets backed by tokenized U.S. Treasuries, money market funds, private credit, and corporate bonds. According to Aave, one of the first Avalanche-based markets will allow institutions to borrow against tokenized collateral through the protocol’s liquidity network.

Recent activity on Avalanche has added context to the decision. As previously reported by crypto.news, Aave expanded its use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), making it the default infrastructure for cross-chain operations across the Aave App and Stable Vaults.

According to Aave, CCIP now supports token transfers, vault management, governance execution, GHO stablecoin transfers, and governance messaging through a single interoperability layer.

Tokenized asset lending becomes the next focus

Additional momentum for Avalanche’s tokenization ecosystem came from Bridgetower’s July 13 announcement. As reported by crypto.news, the company tokenized more than $11 billion in real-world production assets, including the Arizona Copper-Gold project, on Avalanche using Chainlink infrastructure. crypto.news also reported that the transaction lifted Avalanche to fifth place in net real-world asset inflows tracked by RWA.xyz.

Commenting on the deployment, Aave founder Stani Kulechov said Avalanche’s established Aave market and growing tokenization ecosystem made it a suitable network for the protocol’s first V4 expansion outside Ethereum.

“Aave V4 was designed to enable new credit markets at internet scale.”

Kulechov added that one of the first planned markets on Avalanche will focus on lending against tokenized assets, according to the announcement.

Ava Labs President John Wu also linked the launch to the next stage of asset tokenization, arguing that the technology is increasingly being used to unlock financial activity rather than simply represent assets on-chain.

“The next phase of tokenization is about putting assets to work, not just bringing them onchain.”

According to Aave, the Avalanche deployment will also serve as a reference for future V4 rollouts on other blockchain networks, with each implementation adapted to the characteristics of its host ecosystem.

Despite the product launch, AAVE has remained under pressure. The token traded at $96.66 after falling more than 2% over the past 24 hours, extending a week of weakness that has coincided with recent volatility in Bitcoin’s price.