Crypto World
XRP Victory Day marks 3 years since Ripple’s SEC lawsuit win
The XRP community is marking July 13 as “XRP Victory Day,” three years after Judge Analisa Torres issued a split summary judgment in the SEC’s case against Ripple.
Summary
- Ripple’s 2023 ruling protected programmatic XRP sales while leaving institutional transactions subject to securities law.
- The SEC case ended in 2025 with a $125 million penalty and permanent injunction intact.
- Ripple leaders now say the company considered closing before choosing an expensive multiyear legal defense.
The 2023 order rejected the regulator’s claim that every XRP transaction followed the same legal pattern. It also gave public exchange sales a different outcome from direct institutional deals. The SEC had accused Ripple and two executives of conducting unregistered securities offerings through years of XRP sales and distributions across several channels.
The court did not issue a blanket ruling that every future XRP sale falls outside securities law. Torres wrote that XRP, as a token, was not “in and of itself” an investment contract. She then examined how Ripple offered and sold the asset in separate transaction categories under the Howey test.
Exchange and institutional sales received different outcomes
Ripple’s programmatic sales on exchanges did not qualify as investment contracts, the court found. Those trades used blind bid-and-ask systems. Buyers did not know whether Ripple or another holder sold the XRP. The record therefore failed to show that those buyers reasonably expected profits from Ripple’s work.
The decision went the other way for about $728.9 million in institutional sales. Ripple sold those tokens through written agreements to sophisticated buyers. The court found that the contracts, marketing and use of proceeds created an expectation that Ripple’s work could raise XRP’s value. It ruled that those sales violated registration rules.
Ripple says the lawsuit nearly forced a shutdown
Recent comments from Ripple executives have added new detail about the pressure surrounding the case. Chief executive Brad Garlinghouse said the company “almost decided to shut down” after the SEC filed its complaint in December 2020. He described the government’s resources as a major concern during internal talks.
Ripple co-founder David Schwartz said some lawyers considered the company “unsavable” and advised executives to seek personal settlements. Those comments describe private discussions and legal advice; they do not prove the SEC intended to close Ripple. As crypto.news reported, Ripple instead continued operating and spent about $150 million on its defense.
Final judgment stayed in place after appeals ended
The July 2023 order did not end the lawsuit. The court later imposed a $125.04 million civil penalty and a permanent injunction tied to future unregistered institutional sales. That amount was far below the SEC’s requested remedies, but it confirmed that Ripple had violated federal securities law in one part of its XRP business.
Ripple and the SEC tried to reduce the penalty to $50 million and remove the injunction in 2025. Torres rejected their joint request, saying they had not shown grounds to change the final judgment. Both sides later dismissed their appeals, and the case formally ended in August 2025.
As previously reported, the final outcome left a transaction-based framework. Public exchange sales received more favorable treatment, while direct institutional sales remained restricted. The decision also removed the pending personal claims against Garlinghouse and executive chairman Chris Larsen after the SEC dismissed them in 2023.
Crypto World
BTC slips below $63K as Middle East tensions offset ETF inflows
Key takeaways
- Bitcoin fell to $63,000 after renewed geopolitical tensions in the Middle East weakened investor risk appetite.
- The U.S. military’s latest strikes on Iran and heightened tensions around the Strait of Hormuz boosted demand for safe-haven assets while pressuring cryptocurrencies.
- Spot Bitcoin ETFs recorded $197.4 million in weekly inflows, ending an eight-week streak of net outflows, but institutional buying failed to offset broader market uncertainty.
Bitcoin (BTC) traded below $63,000 on Monday as escalating geopolitical tensions in the Middle East weakened investor appetite for risk assets, overshadowing improving institutional demand through spot Bitcoin exchange-traded funds (ETFs).
Although Bitcoin ETFs recorded their first week of net inflows in nearly two months, renewed uncertainty surrounding the Strait of Hormuz kept bullish momentum in check.
Middle East escalation sparks risk-off trading
Market sentiment deteriorated after the United States launched fresh military strikes against Iranian targets on Sunday.
According to the U.S. Central Command (CENTCOM), the operation targeted Iranian air defense systems, coastal radar installations, missile and drone capabilities, as well as naval assets using fighter aircraft, warships, and both aerial and maritime attack drones.
Iranian media reported multiple explosions near Sirik, Bandar Abbas, Qeshm, and Jask—areas located close to key military infrastructure surrounding the Strait of Hormuz.
The situation intensified after Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly targeted another commercial vessel and announced the closure of the Strait of Hormuz, one of the world’s most important oil shipping routes.
The escalating conflict prompted investors to reduce exposure to riskier assets, driving West Texas Intermediate (WTI) crude oil above $75 per barrel while cryptocurrencies, including Bitcoin, came under renewed selling pressure.
Despite the broader market weakness, institutional demand showed signs of recovery.
According to CoinGlass, U.S. spot Bitcoin ETFs attracted $197.4 million in net inflows last week, ending an eight-week streak of consecutive outflows that began in mid-May.
The return of institutional buying suggests long-term investor confidence remains intact. However, the renewed geopolitical uncertainty limited the immediate impact of these inflows on Bitcoin’s price.
Bitcoin price analysis: Bears continue to defend $64,000
Bitcoin was trading around $63,055 at the time of writing, remaining below the critical $64,000 resistance level.
The cryptocurrency continues to trade beneath all of its major exponential moving averages (EMAs), highlighting the prevailing bearish market structure.
Key resistance levels include:
- 50-day EMA: $65,192
- 100-day EMA: $68,686
- 200-day EMA: $74,736
These technical barriers continue to form a strong overhead supply zone, limiting recovery attempts.
Momentum indicators suggest selling pressure may be easing, but a bullish reversal has yet to emerge.
The Relative Strength Index (RSI) remains just below the neutral 50 level, indicating that buyers have not yet regained control.
Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, suggesting downside momentum has moderated.
However, the broader technical structure remains bearish as long as Bitcoin trades below key resistance levels.
The immediate resistance remains the $64,004 horizontal barrier, where recent rallies have repeatedly stalled.
If buyers successfully reclaim that level, attention will shift to the 50-day EMA at $65,192, the 100-day EMA ($68,686), and the 200-day EMA ($74,736).
A sustained breakout above these levels could open the door to a longer-term move toward the $84,410 resistance zone.
On the downside, Bitcoin lacks strong technical support immediately below current prices. If selling pressure intensifies, traders are likely to focus on the $60,000 psychological level, which could serve as the next major support area.
For now, Bitcoin’s near-term direction will likely depend on whether geopolitical tensions ease and whether improving institutional demand through spot ETFs can outweigh broader macroeconomic and geopolitical risks.
Crypto World
Kalshi launches ‘Pro’ product for users trading multiple markets at same time, perpetual futures
Illustration of the Kalshi logo.
Dado Ruvic | Reuters
Prediction market platform Kalshi is launching a product for its highly active traders on Monday, the company told CNBC.
Kalshi Pro, now available to the public, is designed for speculators who trade multiple markets at the same time and or move with speed during live events, according to a memo provided to CNBC. The platform is also designed to support those who run resting orders, trades that don’t execute until certain prices are met, the memo said.
CNBC reported in the beginning of June that Kalshi was working on a terminal for its high-end traders. Kalshi confirmed the product’s development at an event later that month. While publicly available, the Pro product remains in beta testing.
The platform also allows traders to see a continuous feed of all public trades, have a better view into individual contracts’ order books and provides a simpler way to examine multi-leg contract trades, the memo said.
The product is a response to the fact that many of Kalshi’s most active traders have created their own software and workflows to help manage their trades and gain an edge. Kalshi Pro is a product to create a more central platform for these speculators. It’s not clear whether Kalshi will seek to monetize the product at some point.
Kalshi Pro also will feature new utilities for those trading on the company’s perpetual futures, colloquially known as “perps,” product. That includes “terminal-grade” charting, and new ways to manage risks on traders’ perps positions, according to the memo.
“Kalshi’s active traders are already trading prediction markets and perpetuals like Wall Street trades equities and bonds,” said Andy Chang, the Kalshi Pro product lead, in a statement. “We built Pro to give them the cockpit they deserve.”
Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
Crypto World
Ethereum Price Prediction: Price Drops As Eric Trump Bullposts a Tweet
Ethereum is holding near $1,800, and price prediction has become a tougher call than Eric Trump’s latest post. He declared ETH was pumping hard, but the chart nuked just an hour post his tweet.
ETH is still camped around a key support area instead of charging higher. Buyers have defended the level so far, but they have not shown enough strength to force a breakout. Volume has slipped from the previous session, which takes some shine off any bullish move. Price can climb without volume, but those rallies rarely age well.
Trump’s post arrived while Ethereum was already sitting at an important technical level. That makes the timing interesting, but not decisive. For now, ETH remains trapped between support and resistance. A break above the range could open the door for another push higher. If support gives way instead, traders may find out that tweets are easier to post than breakouts.
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Ethereum Price Prediction: Hold $1,750 Support or Face a Breakdown This Week?
Ethereum price prediction remains finely balanced as ETH changes hands near $1,800. After several days of steady trading, the market is still searching for a reason to leave its recent range behind. For now, patience appears to outweigh urgency.
During the past week, Ethereum has traded between $1,710 and $1,845. Each move toward either edge has faded before developing into a lasting trend. That hesitation suggests buyers and sellers are still weighing the next direction rather than forcing the issue.
The first area to watch sits around $1,800 to $1,820. If that support continues to hold, ETH could gradually return to the recent high near $1,845. A decisive break above that level would shift attention toward $1,900, where selling pressure may become more noticeable.
On the other hand, a loss of support could pull Ethereum back toward $1,750. Even so, that would still fit the pattern that has shaped trading over the past week. Markets often spend longer than expected moving sideways before finally making up their mind.
Attention also remains on spot ETH ETF flows and exchange activity. Steady inflows could reinforce buying interest, while larger exchange deposits may point to profit-taking. Meanwhile, the ETH to BTC ratio offers another clue as to whether Ethereum is beginning to lead or simply following Bitcoin’s path.
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Maxi Doge Targets Early Mover Upside as Ethereum Tests Key Levels
Ethereum at $1,780, with a 463% gap to its all-time high, is still a compelling long-term hold, but at an above-$200 B market cap, the math on multiples gets harder to ignore. Early-stage assets carry a different risk-reward profile entirely, which is where rotation-minded traders tend to look when large-caps stall.
Maxi Doge ($MAXI) is an ERC-20 meme token built around a 240-lb canine juggernaut persona and a trading community centered on leverage culture. Think gym-bro energy applied to a chart, with holder-only trading competitions and leaderboard rewards keeping the community engaged beyond the meme.
The presale has raised somewhere close to $5 million at a current price of $0.0002828, with dynamic APY staking available and a Maxi Fund treasury allocated for liquidity and partnerships. Those are hard numbers from an active raise, not projections.
Standout features include the 1000x leverage trading mentality baked into the brand identity and viral meme-first marketing that has demonstrated organic reach.
For traders who’ve done the work, research Maxi Doge here before the current pricing tier moves.
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Crypto World
SK Hynix wipes out US debut gain in one day of trading
South Korean AI giant SK Hynix has already erased all of its 12.7% gains from its US debut last week.
Incredibly, the largest first-time US share sale by a foreign company sustained gains for less than one trading day before the math turned against every American who bought its American Depositary Receipt (ADR) listing.
The high-bandwidth memory chipmaker and one of Nvidia’s largest customers is becoming a household name due to its proximity to the AI investment mania.
Its ADRs rose 12.7% on the Nasdaq debut Friday, closing at $168.01. Meanwhile, its Seoul-listed common stock fell 12.7% by Monday afternoon, priming US markets for a dump before Nasdaq could even open for pre-market trading.

In other words, thanks to a record-shattering ADR listing, US money flowed into South Korea’s largest company on Friday, followed immediately by South Korean money dumping Monday by roughly the same percentage.
As of 1pm Monday in Seoul and inclusive of the one day boost from the ADR listing on Friday, shares in South Korea have actually lost 14% of their value.
Each American Depositary Receipt represents one-tenth of a real SK Hynix share. The ADR and South Korean stock are claims on the same company with a few, minor legal distinctions.
When Seoul reopened and dropped almost the same percentage as Friday’s gain in New York, it repriced the exact asset backing every ADR sold in New York two sessions earlier.
Read more: Crypto traders paid 8,700% annualized fees to bet on Anthropic
Friday’s premium reversed over the weekend
SK Hynix priced 177.9 million ADRs at $149 apiece on Thursday. The sale raised about $26.5 billion, comfortably topping Alibaba’s 2014 debut and ranking among the largest US ADR listings ever.
Bank of America, Citigroup, Goldman Sachs and JP Morgan ran the deal. The company’s primary listing remains in Seoul.
American enthusiasm did what American enthusiasm does best: Led to overpaying for the most popular names. The ADRs opened mid-day on Friday at $170, 14% above the offer price, and briefly touched $177.
By Friday’s close they traded at a premium of roughly 15% to the Seoul shares. By Monday afternoon in Seoul, those profits had obviously disappeared.

A buyer of Friday’s new ADR paid about 15% more than the Seoul market said the underlying share was worth. By Monday morning, Seoul bid 10% less at the start of the morning, with a worsening figure below 12% as the day went on.
Anyone who bought the ADR is now holding a cheaper asset that kept getting cheaper.
On Friday, SK Hynix’s spokesperson told CNBC, “It’s a kind of dream, and now it’s a dream come true.” He insisted the appetite for the company’s memory chips would persist from “structural” demand.
The ADR offering itself was more than seven times oversubscribed. There was no shortage of dollars willing to pay top dollar.
Unfortunately, for US buyers who chased the record-setting debut on its first day trading on Friday, the scoreboard has already flipped for a win across the Pacific.
The company US investors bought into on Friday is worth about the same amount less in South Korea as of Monday afternoon in Seoul.
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Crypto World
UK Digital Gilt Push Could Help Unlock $44B in Annual Output
The United Kingdom could add as much as 33 billion British pounds ($44 billion) to its annual economic output by 2035 by becoming a leader in tokenized financial markets, according to a government-backed industry task force.
The estimate appears in the first report from Wholesale Digital Markets Champion Chris Woolard, who was appointed by HM Treasury to help implement the government’s digital markets strategy.
Developed with an industry task force, the report sets out a 12-month plan to test blockchain in a financial transaction where securities are used to borrow cash. It also calls for the UK to issue its first tokenized government bond by the first quarter of 2027.
The industry task force brings together more than 50 companies from traditional finance and crypto, including BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley, HSBC, UBS, Coinbase, Circle, Ripple, Kraken, DTCC and Euroclear.
The roadmap attempts to move UK tokenization beyond isolated pilots and into live markets where securities can be traded, settled and used as collateral. The report said the task was now to move “from pilots to scale” and “from ambition to action.”
Ripple, which is listed among the task force’s industry members, backed the initiative on Monday. “Onchain funds, bonds and repo aren’t experiments,” the company said, adding that such instruments are already proving “cheaper, better and faster than their legacy equivalents.”
UK builds on digital gilt and settlement initiatives
The digital government bond, or gilt, itself is not a new proposal. The UK first announced the Digital Gilt Instrument pilot in November 2024.
This was followed by a July 2025 update outlining plans for onchain settlement, over-the-counter trading and secondary-market development. On Feb. 12, the government appointed HSBC’s Orion platform to support the pilot.
The new report adds a timetable and expands the intended role for the financial instrument. Beyond calling for issuance, the report seeks subsequent digital-gilt offerings, live secondary-market trading and eligibility for use as central bank collateral.
The report said tokenized securities have limited value unless they can be traded or used to raise cash, and urged the Bank of England to accept digital gilts as collateral.
Related: UK politicians mull permanent crypto donation ban in wake of Nigel Farage scandal
The UK also has a blockchain-based wholesale payment infrastructure that could support such markets. In December 2023, London-based Fnality launched a sterling-denominated payment system tied to central bank reserves, designed to support real-time repo, tokenized securities settlement and cross-currency payments.
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Crypto World
Startale Brings Institutions and Consumers Into Its Onchain Finance Ecosystem
Startale Group used WebX 2026 in Tokyo to introduce two products aimed at different sides of onchain finance:
- 1. Startale Onchain Finance Kits, or Startale OFK, gives financial institutions and enterprises a software suite for onchain finance deployment;
- 2. Startale Card brings self-custodial Visa payments to consumers using assets in the Soneium ecosystem.
The launches extend Startale’s plan to bring financial activity onchain through enterprise software and consumer products. Institutions need tools to issue, settle, trade, and manage digital assets under regulated conditions, while consumers need easier ways to earn, hold, and spend assets in daily life.
OFK helps institutions launch onchain financial products, while Startale Card gives users a route from Soneium balances to everyday payments.
Startale OFK Gives Institutions a Faster Route Into Onchain Finance
Startale OFK is built for banks, financial institutions, and enterprises preparing to bring more financial products onto blockchain networks. The suite covers stablecoin systems, wallet systems, digital asset tools, privacy tools, developer tools, blockchain systems, and settlement systems.
The product builds on several years of Startale’s work with major enterprises, financial institutions, and ecosystem partners. Its existing projects include Soneium, the Ethereum L2 developed with Sony Group, Strium, a tokenized securities platform developed through SBI Holdings, Startale App, JPYSC, USDSC, and other enterprise blockchain deployments.
Through these projects, Startale has worked across institutional trading, bond issuance, privacy, developer tools, blockchain development, and stablecoins. OFK turns this experience into a deployment package for organizations entering production-stage onchain finance.
Startale plans to expand OFK with tokenization tools and Custody Wallet API products, adding further support for regulated onchain financial markets.
Startale Card Links Soneium Assets With Everyday Payments
The company also introduced Startale Card, a self-custodial Visa card built for users of the Soneium ecosystem. The card connects onchain balances to everyday payments at more than 150 million merchants worldwide where Visa is accepted.
Startale Card also marks the next stage of Startale App, which the company describes as the App for More than Money. Users can already earn, trade, explore Mini Apps, and unlock rewards across Soneium. With Startale Card and upcoming earning options inside Startale App, users will be able to deposit eligible assets into yield-generating vaults while spending against the same holdings.
This gives users a single financial app for saving, earning, and spending. Eligible assets can keep generating yield until payment, while cashback in USDSC is credited to the user’s account.
The card gives Soneium a consumer payment product connected to real-world merchant access. Ethereum L2 networks often focus on lower fees, faster execution, and application growth, while consumer adoption depends on repeatable use cases. Spending, earning, and cashback give Startale a route to make Soneium assets useful beyond crypto-native activity.
Startale Expands Its Onchain Finance Ecosystem
The Startale Card waitlist is now live in the Startale App ahead of public launch. Startale OFK is being introduced as institutions in Japan, the United States, and other key markets explore ways to bring financial services onto blockchain networks.
The launches show Startale building across the full path of onchain adoption. OFK gives institutions tools to create onchain financial products, while Startale Card gives consumers a way to use digital assets through familiar payment behavior.
The post Startale Brings Institutions and Consumers Into Its Onchain Finance Ecosystem appeared first on BeInCrypto.
Crypto World
SBI Holdings’ blockchain initiative pivots to Solana for tokenization, stablecoin issuance
Japanese asset giant SBI Holdings’ (8473) blockchain initiative is turning to Solana for its stablecoin and real-world asset (RWA) tokenization efforts.
SBI Solana Global, previously SBI R3 Japan, aims to use the network to connect Japan’s domestic market to global liquidity, according to a Monday post on its website.
The SBI Solana Global joint venture, which also counts Sumitomo Mitsui Financial Group (SMFG) among its shareholders, now includes the Solana Foundation, the Zug, Switzerland-based organization that oversees the layer-1 network.
“By creating a new market for Japan-originated digital assets, the collaboration aims to establish Japan as a core hub for onchain finance in Asia,” SBI Holdings said in the statement.
SBI Holdings lists supporting the issuance and distribution of stablecoins, supporting the structuring and distribution of tokenized RWAs and developing payment infrastructure for AI agents among the venture’s functions.
The blockchain initiative previously centered around Corda, the permissioned blockchain developed by R3.
SBI Holdings has been active in expanding its digital asset business in recent months, agreeing to buy Japanese cryptocurrency exchange Bitbank last month for around $289 million.
Crypto World
Robinhood Chain’s Gas Subsidy Is Closing the Gap With Base: Future of Ethereum On Horizon?
Ethereum News: Robinhood Chain processed 7.6 million daily transactions on July 10, just 11 days after its July 1 mainnet launch, closing sharply on Coinbase’s Base, which recorded 9.2 million over the same period.
The gap is narrowing faster than the Ethereum Layer 2 competitive landscape expected, and the mechanism driving it is straightforward: Robinhood is paying every user’s gas fee.
That transaction count matters less as a milestone than as a forcing function. Base built its position over multiple years with Coinbase’s exchange ecosystem, deep DeFi integrations, and first-mover liquidity.
Robinhood Chain has closed most of the gap in under two weeks, but through a promotional structure rather than organic demand. What happens in late September, when the subsidy expires, is the question the data cannot yet answer.
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Ethereum News: Gas subsidy is doing the heavy lifting, and the math is stark
Robinhood’s 90-day gas subsidy eliminates transaction costs entirely for users through the end of September 2026. The effect on volume is direct: retail traders, DeFi participants, and memecoin activity all flow toward zero-cost execution when a credible alternative exists.
MSBIntel noted that despite processing 7.6 million transactions in a single day, Robinhood Chain generated only roughly $4,000 in daily protocol fees, a figure that reflects both the subsidy absorbing user costs and the early-stage fee structure of an Arbitrum-based rollup.
For context, Base users pay for every transaction. The cost asymmetry between the two networks during the subsidy window makes direct transaction-count comparisons analytically incomplete. A fairer comparison arrives in October, when Robinhood Chain competes on equal footing.
The network’s activity extends beyond simple transfers. Robinhood Chain surpassed $500 million in single-day volume on Uniswap deployments, taking the second position behind Ethereum mainnet by spot activity. That volume figure, cited in the primary source reporting, indicates that liquidity is accumulating alongside transaction throughput, not merely inflating raw counts through micro-transactions.
Separately, earlier analysis of Robinhood Chain’s DEX volume surge flagged memecoin-driven activity as a significant contributor to that $500M-plus DEX day, which adds a durability caveat to the volume headline.
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Tokenized equities and 23 million users as structural differentiation
Where Robinhood Chain makes a genuinely differentiated argument is in its distribution and product stack. The network launched alongside Robinhood’s tokenized equities platform, with Chainlink providing oracle pricing for 95 tokenized assets including Nvidia, Apple, and Alphabet, Uniswap supplying trading liquidity, and Morpho supporting lending.
Those tokenized equities are available in more than 120 countries, a reach that no other Ethereum L2 has built around a brokerage-native user base.

Robinhood enters with approximately 23 million pre-existing brokerage users, a distribution channel that Base and Arbitrum have gradually built toward through crypto-native onboarding.
If even a fraction of those users engage with on-chain products post-subsidy, the retention argument becomes credible. The network being built on Arbitrum Orbit technology also positions it within an established fee-sharing ecosystem, with 10% of chain fees directed back to the ARB ecosystem, a structural alignment with the broader L2 stack rather than a competitive break from it.
HOOD stock has already priced in some of this optimism. The initial Layer 2 announcement lifted shares roughly 10%, with a further gain of approximately 7% coinciding with the rollout of AI-powered agentic trading functionality, according to Yahoo Finance data cited in the source reporting.
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Crypto World
Solana price forms a falling wedge, can it break past $80 psychological resistance?
Solana price has remained below the $80 psychological barrier after renewed macro pressure and weakening risk appetite pushed buyers into a wait-and-see mode despite an emerging bullish chart pattern.
Summary
- Solana price remains below $80 as a falling wedge keeps the possibility of a bullish breakout intact.
- Liquidation clusters near $80-$81 could accelerate gains if buyers reclaim the psychological resistance.
- Macro headwinds and weak institutional flows continue to threaten the bullish setup despite resilient on-chain activity.
According to data from crypto.news, Solana (SOL) price traded near $76.3 on July 13 after slipping almost 1% over the previous 24 hours. The token has spent the past several sessions consolidating as rising U.S. Treasury yields and persistent expectations that interest rates could stay higher for longer continued to pressure high-beta crypto assets.
Bitcoin held close to $64,000 during the same period, but institutional demand remained concentrated in larger-cap assets, limiting Solana’s ability to reclaim the $80 level.
Network activity has nevertheless remained resilient. Active addresses have stayed near yearly highs while transaction throughput continues to benefit from speculative meme coin trading and recent network upgrades. Yet those on-chain gains have not translated into sustained price appreciation as capital has largely circulated within the ecosystem instead of attracting fresh external inflows.
Combined with softer institutional appetite following a difficult second quarter for digital asset investment products, the imbalance has left SOL struggling to establish a fresh uptrend.
Commenting on the latest price structure, analyst Eliz argued that the recent pullback should not necessarily be viewed as bearish.
“$SOL is showing an orderly bearish consolidation following the rally. This type of price action is often a positive sign: the market is shaking off excesses without compromising the bullish structure.”
The analyst added that, “As long as the outlook remains unchanged, I continue to expect the upward trend to continue.”
Falling wedge keeps breakout hopes alive despite weakening momentum
The 4-hour chart shows Solana carving out a falling wedge after rejecting the early July high above $83. The pattern has compressed price action between descending trendlines, with support holding near the Fibonacci 100% retracement around $75.4 while resistance has gradually fallen toward $78.5.

A decisive move above the upper boundary would expose the 61.8% Fibonacci level near $78.6, followed by $79.6, before bringing the key $80 psychological barrier back into focus. A successful breakout could then open the path toward $81.8 and the recent swing high near $83.7.
Momentum indicators, however, remain mixed. The 4-hour RSI sits just below the neutral 50 level at around 40, leaving buyers without clear momentum. Meanwhile, the MACD remains below its signal line with only a modest improvement in histogram bars, suggesting bearish momentum has slowed but has not yet reversed.
The daily chart presents a similar picture. SOL continues to trade above the major Murrey Math support level at $75 while Chaikin Money Flow has recovered into positive territory near 0.10, showing that capital has continued to enter the asset despite the recent consolidation.

Still, the market has repeatedly rejected advances toward the 5/8 Murrey resistance near $81.25, reinforcing the importance of the $80-$81 region.
Derivatives positioning also identifies nearby trigger zones. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting around $79.5-$80, with another concentration extending above $81.

A strong breakout through those levels could force leveraged short positions to close, adding fuel to an upside move. On the downside, notable long liquidation pockets have accumulated around $75 and just below $74.5, making those areas important support if selling pressure intensifies.
Macro headwinds continue to threaten the bullish setup
Any bullish breakout remains dependent on improving macro conditions. Rising Treasury yields have increased the opportunity cost of holding non-yielding assets, prompting institutions to reduce exposure to more volatile layer-1 tokens such as Solana. Upcoming U.S. inflation data and Federal Reserve policy expectations are therefore likely to remain major catalysts for the crypto market over the coming weeks.
The bullish wedge thesis would weaken if SOL closes decisively below the $75 support zone, as that would invalidate the current pattern and expose the Murrey support near $68.75. A deeper correction could then bring the $62.5 pivot region back into play.
Conversely, sustained buying above $80 would break both the falling wedge and a multi-session resistance zone, increasing the probability of a move toward $83-$84 where the next significant supply cluster awaits.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Forget the Tanker Trade, The Hormuz Crisis Points to One Overlooked LNG Stock
NextDecade Corporation (NEXT) has quietly recovered toward $8 while the market fixates on the Strait of Hormuz. The reason is a building gas supply shock, and this overlooked LNG stock sits directly in its path.
Most investors are trading the crisis through oil tankers. That trade, however, is already crowded. The longer prize, by contrast, sits with American gas exporters.
What the Tanker Trade Misses
The tanker trade is simple. Investors buy the companies that own the ships hauling crude oil. When Hormuz turns dangerous, rerouting and war insurance push tanker rents higher, so those shares climb.
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That move, however, is late. Analysts at Evercore previously cut Frontline and DHT Holdings to hold, citing reversion risk. The easy money has likely gone. Even as the US-Iran standoff flares again, tanker rate spikes tend to fade fast.
The trade also misses the deeper wound. Iran’s strikes damaged close to 20% of Qatar’s liquefaction supply at Ras Laffan during early 2026. Unlike shipping delays, broken plants do not recover when a ceasefire holds.
Indeed, Iran’s navy closed the strait again on July 12. Tanker crossings have plunged to near 33 a day, versus about 130 before the war.
Why LNG Is the Real Prize
Liquefied Natural Gas (LNG) is gas chilled into liquid form. That cooling shrinks its volume about 600 times, which lets tankers carry it across oceans.
Qatar is a top supplier, and about one fifth of the world’s LNG passes through Hormuz. As a result, buyers now scramble for supply from safer regions.
The United States fits that need. It is the biggest LNG exporter and sits an ocean away from Iran. Meanwhile, Shell expects global LNG demand to rise about 65% by 2050.
The Hidden LNG Stock Finds Footing
NextDecade is building the Rio Grande LNG plant in Brownsville, Texas. The site holds about 48 million tonnes of yearly capacity under development, with first cargoes due in early 2027.
That timing lands just as the shortage bites. The firm could become a top-four US exporter early next decade. In July, XRG, the investment arm of Abu Dhabi’s state oil producer ADNOC, boosted its stake.
Wall Street, however, has barely moved. Citi set a Buy rating and an $11 target on May 13 and has not changed it since, showing how overlooked a stock NEXT is. That stale call predates the latest closure, so the case has strengthened while the number sat still.
Today, the stock trades near $7.99, roughly 40% below that target.
What the Money Flow and Options Signal
Money flow is turning. The Chaikin Money Flow fell from a mid-May peak to a June 18 low, then recovered to near minus 0.03.
The last time it crossed above zero, on April 30, the stock rose about 7% into mid-May. Another cross would repeat that signal, and price has already recovered while flow lags.
Options traders lean bullish too. Last week the put-call volume ratio sat near 0.27, with open interest near 0.21. Both low readings mean far more bets on gains than on losses.
Still, that can shift fast. NextDecade reports second-quarter results on July 30, which may confirm construction progress and new contracts.
Ultimately, the tanker trade priced the crisis in days, because shipping rates spike then fade. The LNG trade works on a longer clock. Qatar’s plants take years to rebuild, so buyers need new supply well into the decade.
That is why NextDecade matters. Its Texas plant starts shipping in 2027, just as that gap widens. Yet the market still values it like a pre-revenue project, which keeps this hidden LNG stock overlooked.
The post Forget the Tanker Trade, The Hormuz Crisis Points to One Overlooked LNG Stock appeared first on BeInCrypto.
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