Category: Cryptocurrency

  • Coinbase Reports $359M Net Loss as Prediction Markets Revenue Surges

    Coinbase Reports $359M Net Loss as Prediction Markets Revenue Surges

    Coinbase missed second-quarter revenue estimates and reported a $359 million net loss. Crypto transaction income weakened as market activity fell. Prediction markets expanded rapidly, giving the exchange a broader source of future revenue and greater diversification.

    Coinbase reported second-quarter revenue of $1.22 billion, below the $1.30 billion consensus estimate, as weaker crypto trading drove a $359.5 million net loss. Yet prediction markets revenue more than doubled.

    Revenue Miss Deepens Quarterly Loss

    Revenue fell 14% from the previous quarter and 19% from a year earlier. Adjusted EBITDA dropped 31% sequentially to $208 million, far below the expected $327 million. The net loss compared with a $1.43 billion profit one year earlier. It included a $209.5 million unrealized markdown on crypto assets that Coinbase held for investment.

    Transaction revenue declined 21% to $599 million as broader spot trading volume fell 25%. Subscription and services revenue also dropped 12% to $555.1 million. This result missed Coinbase’s original target range of $565 million to $645 million. The company now expects third-quarter subscription and services revenue between $500 million and $580 million.

    A 14% headcount reduction lowered costs, although those savings did not fully offset weaker activity. Coinbase shares fell after hours following the revenue miss and third consecutive quarterly loss.

    Prediction Markets Lead Product Expansion

    Prediction markets delivered one of Coinbase’s strongest operating results. Annualized revenue from the business rose 106% from the previous quarter and moved above $100 million. Users entered event contracts tied to politics, sports, economic releases and other real-world outcomes. Coinbase also expanded into stocks, derivatives, tokenized assets and stablecoin-based payments.

    Can prediction markets scale quickly enough to reduce Coinbase’s reliance on spot crypto trading? The business now supports Coinbase’s plan to develop an ‘everything exchange.’

    Market Share Rises in a Smaller Market

    Coinbase increased its share of global crypto trading volume to a record 10.3%, up from 9.1% in the previous quarter. It marked the company’s third consecutive record quarter. Derivatives volume remained steady even as the broader market contracted 12%. Average USDC balances across the Coinbase ecosystem also climbed 44% year over year to $20 billion.

    Management expects clearer US regulation, including progress on the proposed CLARITY Act, to support broader institutional participation. However, near-term performance remains closely linked to crypto prices and market activity.

    A Brief Roundup

    Coinbase faced weaker revenue, lower transaction income and a third consecutive quarterly loss. At the same time, prediction markets revenue doubled, market share reached a record and USDC balances rose. The key takeaway remains Coinbase’s effort to build broader income sources while crypto trading stays cyclical.

  • XRP Hovers Near $1.07 as Whale Transfers and Binance Inflows Decline – Key Resistance at $1.12

    XRP Hovers Near $1.07 as Whale Transfers and Binance Inflows Decline – Key Resistance at $1.12

    XRP is trading around $1.07 after losing 0.81% over the past 24 hours, briefly touching $1.10 before sellers pushed it back into its recent range. The decline mirrors a broader crypto market pullback, with Bitcoin dropping 1.26% and total market capitalization falling roughly 1.1%. Traders are also weighing the Federal Reserve’s policy stance and geopolitical tensions between the United States and Iran.

    Technically, XRP faces resistance between $1.10 and $1.13. A stronger buying push is needed before the token can target the $1.16 level.

    Whale Activity Slumps

    Large XRP transfers have dropped sharply, indicating reduced activity among major holders. Whales are neither building large positions nor moving significant amounts onto exchanges. The slowdown limits selling pressure since fewer tokens reach trading platforms, but it also signals weak demand from investors who typically drive larger market moves.

    Retail transfers now account for a larger share of XRP activity. These transactions provide regular network usage but carry less volume than whale or institutional transfers. XRP has remained between support at $1.05 and resistance near $1.10, as buyers defend lower levels while sellers cap upward moves.

    Binance inflows have also declined. Lower exchange deposits often suggest holders have less interest in selling at current prices. However, reduced inflows alone cannot trigger a rally. XRP needs stronger spot buying and higher trading volume to break out of its current range.

    ETF Inflows Offer Brief Support

    U.S. spot XRP exchange-traded funds recorded $584,000 in net inflows on July 29, ending three straight days of withdrawals. Demand picked up on July 30, with the funds attracting roughly $6 million. Those inflows helped XRP briefly reach $1.10 before profit-taking stalled the advance.

    Institutional activity also provided support. Aviva Investors plans to issue a tokenized share class of its USD Liquidity Fund on the XRP Ledger. The fund gives eligible investors access to short-term U.S. dollar debt products through blockchain wallets, with approval from Ireland’s central bank. Securitize and Licuido will handle the tokenization system, Komainu will manage digital asset custody, and BNY Mellon will support traditional custody services.

    Additionally, the plan followed the July 29 activation of the fixCleanup3_2_0 amendment on the XRP Ledger. Despite these developments, sellers still defended the $1.10 area.

    XRP Needs to Reclaim $1.12

    XRP trades below its main daily exponential moving averages. The 20-day EMA sits near $1.09, the 50-day EMA around $1.13, and higher resistance at the 100-day EMA near $1.21 and the 200-day EMA around $1.41. Several technical barriers remain above the current market price.

    On the four-hour chart, the MACD line has crossed slightly above its signal line, but the shallow histogram indicates weak upward momentum. The relative strength index stands near 48.7, below the 50 mark, showing buyers have not gained firm control.

    Liquidation data reveals a large cluster of short positions between $1.09 and $1.10. A clean break through that area could push XRP toward $1.12 and the 50-day EMA near $1.13. A move above $1.13 could open the $1.14 to $1.20 region. Support sits between $1.06 and $1.07, and a drop below $1.05 could expose the $1.00 psychological level.

  • Eole Becomes First Listed Japanese Firm to Disclose Corporate HYPE Purchase Under Neo Crypto Bank Plan

    Eole Becomes First Listed Japanese Firm to Disclose Corporate HYPE Purchase Under Neo Crypto Bank Plan

    Tokyo-listed Eole Inc. has made Japan’s first publicly disclosed corporate purchase of HYPE, the native token of the Hyperliquid blockchain. The company bought 1,078 HYPE on July 28 for approximately $66,002 (¥10.08 million), paying an average of $57.15 (¥9,352) per token. The acquisition marks a strategic expansion beyond bitcoin as part of Eole’s broader Neo Crypto Bank initiative.

    Phased Allocation Toward ¥100 Million Target

    Eole plans to increase its HYPE holdings through multiple purchases through August, aiming for a total allocation of ¥100 million (approximately $611,113). The phased approach avoids a single large transaction and spreads market exposure over several weeks.

    HYPE as a Strategic Asset for On-Chain Finance

    Under its Neo Crypto Bank strategy—launched in October 2025—Eole will hold HYPE alongside bitcoin to build financial infrastructure for an economy where AI agents can execute payments and contracts autonomously. The company views the token not solely as an investment for capital gains but as a operational asset to support its on-chain finance and Web3 operations.

    Lending, Hedging, and Smart Contract Integration

    Eole is exploring revenue generation through digital asset lending and plans to hedge price risks via traditional financial markets. The company will also integrate its crypto holdings with its own services, moving beyond a single cryptocurrency toward automated finance powered by smart contracts.

  • Ethereum Price Outlook: Institutional Rotation and Whale Accumulation Signal Bullish Breakout

    Ethereum Price Outlook: Institutional Rotation and Whale Accumulation Signal Bullish Breakout

    Ethereum (ETH) is showing renewed signs of strength as institutional investors increase exposure and on-chain data reveals significant activity from large holders. While recent whale transactions initially raised concerns about selling pressure, the broader market has remained resilient, and derivatives traders continue to maintain bullish positions.

    Institutional Capital Shifts Toward Ethereum

    Recent fund flows indicate a notable rotation from Bitcoin into Ethereum investment products. Over the past week, Bitcoin-based exchange-traded funds (ETFs) recorded approximately $60 million in net outflows, while Ethereum-focused products attracted $20 million in inflows. This shift suggests that some institutional investors are increasing their allocations to Ethereum. At the same time, the network continues to expand its role in decentralized finance (DeFi), stablecoin settlements, and tokenized real-world assets — among the fastest-growing sectors in the digital asset space.

    Whale Transactions Highlight Active Accumulation

    According to Lookonchain, a major wallet withdrew 40,000 ETH worth nearly $76.6 million from Binance in a single transaction. Large withdrawals from exchanges are generally viewed as a bullish signal, as they reduce the readily available supply for sale and may indicate longer-term accumulation. Additionally, ETH’s largest wallets recently redistributed 226,435 ETH valued at around $430 million — one of the biggest surges in whale activity seen in recent weeks. Instead of triggering immediate concerns, the market absorbed these movements while the price held above key support levels.

    Derivatives Market Maintains Bullish Bias

    Data from CoinGlass shows that Ethereum’s OI-weighted funding rate has remained positive for most of July, currently sitting at 0.0022%. This indicates that long traders are paying a premium to keep their positions open. Although the rate briefly dipped below zero, it has since recovered, reinforcing a generally bullish sentiment. The long/short ratio also leans bullish at 0.9904. On Binance, Top Trader accounts show a ratio of approximately 1.78, while Binance overall stands at 2.24 and OKX at 1.66. Overall, investors remain positioned for longs rather than shorts.

    Technical Structure

    Ethereum has strengthened its foundation after forming a double bottom near the $1,550–$1,600 support range and reclaiming the significant $1,900 level. The 200-day Exponential Moving Average (EMA) is starting to decline in the $2,100–$2,200 range, which serves as a key resistance zone with a long-term supply area. If the price breaks above this range, bulls could target $2,500. On the downside, maintaining support above $1,900 is critical. A break below that level could expose ETH to another test of the $1,750–$1,800 demand area.

    With institutions positively adding to their holdings, whale activity remaining bullish, and derivatives traders staying long, Ethereum is entering an important phase that may shape its medium-term price trajectory.

    FAQs

    Why are institutional investors becoming more interested in Ethereum?

    Recent fund flow data shows capital rotating from Bitcoin investment products into Ethereum-focused funds. Investors are also attracted by Ethereum’s growing role in decentralized finance (DeFi), stablecoins, and tokenized real-world assets.

    What does whale accumulation mean for Ethereum’s price?

    Large withdrawals of ETH from exchanges are generally viewed as a bullish signal since they reduce the immediately available supply for selling. This often suggests long-term accumulation rather than short-term profit-taking.

    What do Ethereum’s funding rates indicate?

    According to CoinGlass, Ethereum’s OI-weighted funding rate has remained positive for most of July, indicating that long traders are paying a premium to maintain their positions. Positive funding typically reflects optimistic sentiment in the derivatives market.

    What are the key technical levels to watch for ETH?

    Ethereum has important support around $1,900, while the primary resistance lies between $2,100 and $2,200, where the 200-day EMA is located. A breakout above this zone could strengthen the bullish trend and bring $2,500 into focus.

    What does the long/short ratio suggest about market sentiment?

    The long/short ratios across major exchanges remain tilted toward long positions. Binance Top Trader accounts, Binance overall accounts, and OKX all show more long positions than shorts, indicating that professional traders continue to maintain a constructive outlook for Ethereum.

  • XRP Price Faces Pivotal Test at $1.12 Resistance as Institutional Inflows and Whale Activity Surge

    XRP Price Faces Pivotal Test at $1.12 Resistance as Institutional Inflows and Whale Activity Surge

    Ripple’s XRP is currently trading at $1.07, recovering from a low of $1.04 on July 28 and approaching a critical resistance zone at $1.08. Despite cautious market sentiment, institutional participation is improving, whales continue to accumulate, and derivatives data points to growing bullish positioning.

    Institutional Demand Shows Signs of Recovery

    Institutional interest in XRP has shown signs of recovery. According to SoSoValue, US spot XRP ETFs recorded $584,000 in net inflows on Wednesday and $5.98 million on Thursday, extending the inflow streak to three consecutive weeks. This uptick is partly driven by plans to tokenize the Aviva Investors USD Liquidity Fund on the XRP Ledger (XRPL), following the implementation of the fixCleanup3_2_0 amendment, which is expected to enhance the platform’s appeal for institutional projects.

    Whale Accumulation Continues Despite Market Caution

    Large holders continue to increase their positions. Santiment data shows that wallets holding between 10,000 and 100,000 XRP now account for 11.9% of total supply, up from 11.64% on July 1. Similarly, addresses with 100,000 to 1 million XRP have increased their share to 11.75% from 11.45% in the same period. Retail participation is also rising, with perpetual futures open interest reaching 2.27 billion XRP as traders build positions ahead of a potential breakout.

    Technical Structure Points to Key Levels

    From a technical perspective, XRP remains below key moving averages. The 50-day EMA at $1.127, 100-day EMA at $1.211, and 200-day EMA near $1.405 all point to a broader bearish bias. The RSI stands at 43.66, indicating modest downside momentum, while the MACD line is slightly below zero and flattening, suggesting weakening bearish pressure. Immediate resistance is at the 50-day EMA ($1.127), followed by the 100-day EMA ($1.211). On the downside, $1.000 serves as key psychological support; a daily close below this level could trigger further declines.

    Derivatives Data Shows Bullish Positioning

    The funding rate for XRP has jumped to 0.089%, the highest since July 20, indicating that long traders are willing to pay a premium to maintain their positions. Meanwhile, Binance’s long/short ratio stands at 2.57, reflecting a significant bullish bias.

    FAQs

    1. Why is XRP approaching a critical resistance level? XRP is trading below its key moving averages, with the 50-day EMA around $1.127 acting as the first major resistance. A sustained breakout above this level could improve short-term momentum and shift sentiment in favor of buyers.

    2. What do the latest XRP ETF inflows indicate? According to SoSoValue, XRP ETFs recorded $584,000 in net inflows on Wednesday, followed by $5.98 million on Thursday. The continued inflows suggest that institutional interest in XRP is gradually improving.

    3. Are XRP whales continuing to accumulate? Yes. Santiment data shows wallets holding between 10,000 and 100,000 XRP increased their share of the total supply to 11.9%, while wallets with 100,000 to 1 million XRP also expanded their holdings, indicating continued confidence among large investors.

    4. What do the funding rate and long/short ratio reveal? According to CoinGlass, XRP’s funding rate has climbed to 0.089%, the highest since July 20, showing that long traders are willing to pay a premium to maintain bullish positions. Binance’s 2.57 long/short ratio also reflects stronger bullish positioning.

    5. What are the key support and resistance levels for XRP? Immediate resistance is located near the 50-day EMA at $1.127, followed by the 100-day EMA at $1.211. On the downside, $1.00 remains the key psychological support, and a break below that level could increase the risk of further downside.

    Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are risky and may result in loss. Always conduct your own research before investing.

  • Bitcoin Price Analysis: BTC Tests $64K Resistance Amid Bearish Signals and ETF Inflows

    Bitcoin Price Analysis: BTC Tests $64K Resistance Amid Bearish Signals and ETF Inflows

    Bitcoin (BTC) is showing a mild recovery on Friday, bouncing off its long-term support area above $65,400 after a prolonged decline. The cryptocurrency continues to draw support from sustained inflows into US spot Bitcoin exchange-traded funds (ETFs), which have now extended into a third consecutive week of net inflows. However, rising geopolitical tensions, higher crude oil prices, and renewed inflation fears are capping upside momentum.

    ETF Inflows Remain Steady

    Institutional demand remains positive despite the challenging macroeconomic backdrop. According to SoSoValue data, US spot Bitcoin ETFs recorded net inflows of $273.87 million by Thursday. If Friday’s figures remain positive, it will mark the third straight week of net inflows. While the pace is moderate compared to the heavy outflows seen between mid-May and early July, the consistent buying suggests institutional investors are gradually returning to the market. Continued ETF inflows could provide a crucial buffer against downside risks if geopolitical uncertainty persists.

    Regulatory Progress: CLARITY Act Gains Traction

    On the regulatory front, US Senate Republicans have released a draft of the Digital Asset Market Clarity (CLARITY) Act, which appears to be the final version. The bill could be fast-tracked before the summer recess of Congress, potentially providing much-needed market structure for cryptocurrencies. The new draft includes stricter ethics rules that would ban the President, high-ranking officials, and their spouses from issuing or sponsoring digital assets during their tenure. Officials would also be required to sell qualifying crypto assets or place them in blind trusts, with enforcement handled by the Department of Justice through civil suits.

    With lawmakers expected to turn their attention to the November mid-term elections after the summer break, early August may be the last realistic window for the legislation to advance. If enacted, the CLARITY Act could be a game-changer for Bitcoin, offering regulatory clarity that boosts investor trust and adoption.

    Technical Outlook: Key Levels to Watch

    Bitcoin is trading near $63,800 on Friday, below its 50-day Exponential Moving Average (EMA) at $64,847. The weekly close is shaping up to be bearish. The path of least resistance points toward the psychological support at $60,000, followed by the June 25 low of $58,115.

    The Relative Strength Index (RSI) has dropped to 48, indicating that bearish momentum is regaining strength as it falls below the neutral 50 level. Meanwhile, the Moving Average Convergence Divergence (MACD) has made a bearish cross this week, further suggesting that selling pressure could continue.

    On the upside, the 50-day EMA at $64,847 remains a critical resistance level. A bullish close above this line could revive recovery efforts, targeting the $70,000 round figure and then the 200-day EMA near $73,040.

    Frequently Asked Questions

    1. Why is Bitcoin struggling to extend its recovery?

    Bitcoin’s rebound is being limited by rising geopolitical tensions, higher crude oil prices, and renewed inflation concerns. These factors have reduced demand for riskier assets and kept BTC below its key moving averages.

    2. What do the latest Bitcoin ETF inflows indicate?

    According to SoSoValue, US spot Bitcoin ETFs recorded $273.87 million in net inflows by Thursday. Continued positive flows could mark a third consecutive week of inflows and provide support against further downside.

    3. How could the CLARITY Act affect Bitcoin?

    The CLARITY Act could establish clearer rules for the US digital asset market. Greater regulatory certainty may improve institutional confidence, encourage adoption, and reduce legal uncertainty across the cryptocurrency sector.

    4. What are Bitcoin’s key support levels?

    The first major downside target is the psychological $60,000 level. A break below it could expose Bitcoin to the June 25 low near $58,115, where buyers may attempt to defend the market.

    5. What resistance must Bitcoin overcome to turn bullish?

    Bitcoin must reclaim the 50-day EMA at $64,847 to strengthen its recovery. A sustained close above this level could open the way toward $70,000, followed by the 200-day EMA near $73,040.

  • Ethereum to GBP Conversion: A Simple Step-by-Step Guide for 2026

    Ethereum to GBP Conversion: A Simple Step-by-Step Guide for 2026

    Want to exchange Ethereum for British Pounds? Follow this beginner-friendly guide to trade confidently in 2026. Learn the essential steps before making your first transaction. Smart trading starts with understanding the basics.

    Choose a Trusted Crypto Exchange

    Select a regulated cryptocurrency exchange that supports ETH to GBP conversions. Compare fees, security features, and withdrawal options carefully. A trusted platform helps protect your funds. Always verify account security before trading.

    Complete Identity Verification

    Most exchanges require Know Your Customer (KYC) verification before withdrawals. Upload valid identification documents and complete the process. Verification improves account security and regulatory compliance. It also unlocks higher transaction limits.

    Transfer Your Ethereum

    Send Ethereum from your crypto wallet to your exchange wallet. Double-check the wallet address before confirming the transfer. Blockchain transactions cannot usually be reversed. Wait until the network confirms your deposit.

    Sell ETH for GBP

    Choose the ETH/GBP trading pair on the exchange. Review the current market price before placing your order. You can use either a market order or a limit order. Confirm the trade after reviewing all details.

    Withdraw Your Money

    After selling Ethereum, transfer your GBP balance to your linked UK bank account. Check withdrawal fees and estimated processing times. Most regulated exchanges provide secure bank transfers. Keep records of every transaction.

    Trade Safely Every Time

    Monitor Ethereum’s price before selling to maximize returns. Enable two-factor authentication for stronger account protection. Stay informed about market trends and tax rules. Careful planning helps make crypto trading safer and more profitable.

  • Bitcoin ETFs See $233M Inflows, Ripple Gains MiCA Approval, BNB Volume Jumps 65%

    Bitcoin ETFs See $233M Inflows, Ripple Gains MiCA Approval, BNB Volume Jumps 65%

    The cryptocurrency market witnessed several major developments this week, with spot Bitcoin ETFs recording $233 million in net inflows, Ripple securing a MiCA license in Europe, and Binance Coin (BNB) trading volume surging 65%. Here’s a breakdown of the key stories.

    Bitcoin ETF Inflows Reach $233 Million

    According to SoSoValue, U.S. spot Bitcoin ETFs recorded a total net inflow of $233.13 million on Wednesday. BlackRock’s IBIT led the pack with $183.39 million in daily inflows, bringing its historical net total to $60.60 billion. Bitwise’s BITB followed with $20.74 million, accumulating $2.03 billion in total net inflows. The overall net asset value of spot Bitcoin ETFs now stands at $78.76 billion, with a historical cumulative net inflow of $51.59 billion.

    Ripple Receives MiCA Authorization in Europe

    Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe, a regulatory milestone expected to boost institutional XRP payments across the European Union. XRP perpetual futures open interest sits at 2.27 billion XRP, just below the week’s peak of 2.29 billion. Despite the positive news, XRP traded at $1.07, down 0.57% in the last 24 hours, as it continues to face resistance at the $1.10 level.

    BNB Trading Volume Surges 65%

    Binance Coin saw a notable increase in trading activity, with 24-hour volume surging more than 65% as traders returned to the exchange token. BNB’s spot trading volume exceeded $160 million, while futures volume surpassed $800 million. Open interest remained elevated at nearly $950 million, with long-to-short ratios above 1.9 across major platforms, indicating bullish positioning.

    Solana Pay Expands in South Korea

    South Korean payment provider KSNet signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay into its commercial infrastructure. KSNet, which processes approximately 130 million transactions per month, will work with Solana on two proof-of-concept projects. The first phase will demonstrate the connection between Solana’s digital payment standard and KSNet’s merchant network, both online and offline.

    Strategy Reports $8.22 Billion Quarterly Loss

    Bitcoin traded near $64,700 following Strategy’s earnings announcement, down from approximately $88,400 at the end of 2025. The company reported an $8.32 billion unrealized loss on digital assets during the quarter, contributing to an operating loss of $8.33 billion. This reversed the $14.05 billion unrealized gain recorded in the same quarter a year earlier. Strategy posted a net loss of $8.22 billion, or $24.45 per diluted common share, compared to net income of $10.02 billion in the prior year. Shares were mostly unchanged in after-hours trading, suggesting investors had anticipated the impact of Bitcoin’s decline.

    FAQs

    1. Why are Bitcoin ETF inflows important for the crypto market?

    Bitcoin ETF inflows reflect growing institutional participation. Sustained inflows generally improve market sentiment, provide liquidity, and indicate continued long-term investor confidence in Bitcoin.

    2. What does Ripple’s MiCA authorization mean?

    Ripple’s MiCA license allows it to expand regulated digital asset services across the European Union. The approval could strengthen institutional adoption of XRP-powered payment solutions throughout Europe.

    3. Why did BNB trading volume increase sharply?

    BNB’s 24-hour trading volume jumped more than 65% as traders increased both spot and derivatives activity. Rising open interest and strong long-to-short ratios suggest bullish positioning among market participants.

    4. How does the Solana Pay partnership benefit Solana?

    The partnership with South Korea’s KSNet aims to integrate Solana Pay into an established payment network processing millions of monthly transactions. Successful implementation could expand real-world blockchain payment adoption.

    5. Why did Strategy report an $8.22 billion loss?

    Strategy’s quarterly loss was primarily driven by unrealized losses on its Bitcoin holdings following the cryptocurrency’s decline during the reporting period. The losses reflect accounting adjustments rather than realized asset sales.

  • Bitcoin’s $9.57 Billion Options Expiry Nears as Volatility Hits Two-Year Low

    Bitcoin’s $9.57 Billion Options Expiry Nears as Volatility Hits Two-Year Low

    Bitcoin is bracing for a major month-end options expiry on Friday, July 31, with approximately 149,000 contracts worth $9.57 billion set to settle. The event arrives as the cryptocurrency trades near its $64,000 max-pain level, a price point that could amplify price swings once contracts are settled.

    Bitcoin Options Expiry Centers on $64,000

    The expiring batch carries a put/call ratio of 0.28, indicating a heavy dominance of call options over puts. Max pain sits near $64,000, close to Bitcoin’s spot price during Friday’s session. Open interest remains concentrated at higher strike prices on Deribit, with the $70,000 and $72,000 strikes each holding about $2.4 billion. The $60,000 strike carries approximately $1.3 billion.

    Across exchanges, total Bitcoin options open interest has climbed to roughly $34.7 billion, according to Coinglass, meaning the expiring batch represents a substantial portion of outstanding exposure.

    Low Volatility Meets Heavy Contract Settlement

    Bitcoin briefly moved above $65,000 early Friday but quickly retreated toward $64,325. The asset has remained within a broad consolidation range for about two months. Live market data showed a Friday range between $63,839 and $65,328.

    Analyst Daan noted that Bitcoin has reached its lowest weekly volatility in two years. That compressed price action now meets one of the market’s largest recent options expiries, raising questions about whether the event could finally disrupt the two-month consolidation.

    Deribit pointed to cautious macro signals continuing to pressure Bitcoin, while identifying market stabilization and renewed capital inflows as key indicators to watch.

    Ethereum Adds $825 Million to Expiry Event

    Around 433,000 Ethereum options contracts also expire Friday, with a notional value near $825 million. The contracts carry a 0.59 put/call ratio and a $1,800 max-pain level. Ether has traded within a narrow range near $1,900 during recent sessions. Total Ethereum options open interest across exchanges remains near $5.4 billion.

    Together, the Bitcoin and Ethereum expiries reach approximately $10.4 billion. Meanwhile, the broader crypto market returned to about $2.3 trillion after losing nearly $25 billion during the week.

    The weekly retreat followed the Federal Reserve’s decision to hold interest rates steady and the resumption of military action between the United States and Iran.

    Market participants will watch settlement flows, capital movement, and price stability for signs of renewed volatility in the days ahead.

  • Crypto Market Update: Bitcoin Steadies at $64,283 as BNB and Hyperliquid Lead Altcoin Gains

    Crypto Market Update: Bitcoin Steadies at $64,283 as BNB and Hyperliquid Lead Altcoin Gains

    Bitcoin held near $64,283 on Friday, maintaining a narrow range after a choppy week. The leading cryptocurrency edged up 0.66% as spot Bitcoin ETF inflows snapped a four-session outflow streak on July 29, bringing some relief to a market that had been under pressure from Federal Reserve positioning and regulatory uncertainty.

    Among altcoins, BNB and Hyperliquid (HYPE) posted the strongest gains, rising over 3% each and outpacing Bitcoin’s steadier pace. The broader market remains cautious, with the CLARITY Act still stalled in the Senate and traders eyeing Friday’s month-end close for directional cues.

    Bitcoin Price Today

    Bitcoin trades at $64,283.69, up 0.66% over the past 24 hours, according to CoinMarketCap data. Its market cap stands near $1.28 trillion, with 24-hour trading volume reaching $26.82 billion. Price action continues to be driven by ETF flow trends and the Fed’s rate outlook.

    Analyst Insights: Bitcoin Needs $65,000 to Confirm Recovery

    Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that Bitcoin is trading near $64,500 but has failed to sustain a move above the $65,000 resistance level. Softer US PCE inflation data, which eased to 3.7% this week—the first monthly decline since 2020—has not yet triggered strong buying participation. Spot Bitcoin ETFs are on track for their weakest monthly inflows on record, with July inflows near just $205 million. Spot trading volumes on major exchanges have fallen nearly 85% year on year. Seasonality also remains a concern, as Bitcoin has posted negative returns in each of the past four Augusts. A close above $65,000 tonight could strengthen momentum, while the $63,000 zone stays key support.

    Technical Breakout Hinges on the $65,000 Zone

    Piyush Walke, Derivatives Research Analyst at Delta Exchange, observed that Bitcoin briefly climbed above $65,000 but failed to hold the breakout. A four-hour close above $64,700 to $65,000 is needed to confirm bullish momentum. Immediate support sits at $64,170, with the next zone between $62,700 and $63,350. Bollinger Bands on the daily chart continue narrowing, signaling that a volatility spike may be approaching. Ethereum needs to clear $1,935 for a move toward $1,950 to $1,980.

    Macro Correlation Keeps Sentiment Cautious

    Nischal Shetty, founder of WazirX, highlighted that crypto continues to trade under broader macro influence. Bitcoin now moves with a 67% correlation to equities and an even higher 93% correlation to gold, indicating that institutional capital increasingly treats crypto as a macro asset. Nearly $144.63 million in long positions were liquidated during the recent pullback. The Crypto Fear and Greed Index sits at 34, firmly in Fear territory. Franklin Templeton’s public support for the CLARITY Act reflects growing institutional demand. Bitcoin trades near $64,199, up 0.06%, while Ethereum sits at $1,901.73, down 0.50%. Support holds between $63,800 and $64,000, with resistance building near $65,000.

    Selective Altcoin Strength Emerges

    Vikram Subburaj, CEO of Giottus, placed Bitcoin near $64,350, broadly unchanged over 24 hours. Investors are weighing easing inflation against the Fed’s hawkish stance, with markets assigning roughly 65% odds of a September rate hike. Recent ETF outflows suggest institutional demand remains cautious. Bitcoin holds immediate support near $63,800 to $64,000, with resistance around $65,300 to $65,500. Large-cap altcoins mostly gained this week, led by BNB with a 2.3% rise, followed by modest XRP and Solana gains. TRON advanced 0.9%. Subburaj advises investors to avoid chasing short-term moves and to focus on staggered buying and disciplined position sizing.

    Crypto Prices Today: Top 10 Coins at a Glance

    Based on live CoinMarketCap data as of today’s session.

    Biggest Gainers: HYPE, BNB, XRP

    Hyperliquid led the top 10 board with a gain above 3%. BNB followed closely, extending its weekly rally past 4%. XRP also posted a steady gain as institutional demand for altcoins picked up pace.

    Biggest Losers: Mid-Cap DeFi Tokens Lag

    Stablecoins and a few mid-cap DeFi tokens stayed largely flat today. Names like Aave and Ethena continue to face thin liquidity, with cautious risk appetite keeping these tokens under pressure.

    Crypto News Today: Top Headlines Impacting Prices

    Regulatory developments and ETF flow data are steering sentiment across trading desks. Traders are weighing these signals against Strategy’s earnings shock and month-end positioning.

    Fed Holds Rates Steady With Three Dissents

    The Federal Reserve held its benchmark rate at 3.50%-3.75% on Wednesday, voting 9-3 for a fifth straight hold this year. Policymakers Hammack, Kashkari, and Logan dissented in favor of a hike. The split vote kept risk assets cautious ahead of September’s meeting.

    CLARITY Act Remains Stalled in the Senate

    The Digital Asset Market Clarity Act still sits on the Senate calendar with no floor vote scheduled. Trump reportedly approved updated ethics language, though Democratic support stays uncertain. The August 10 recess deadline looms as the last realistic window for 2026 passage.

    Bitcoin ETF Inflows Snap Outflow Streak

    US spot Bitcoin ETFs recorded $32.1 million in net inflows on July 29, ending a four-session outflow run. BlackRock’s IBIT led with $89.8 million in fresh inflows. July’s monthly net inflows now stand near $204.7 million, though 2026 remains in deficit overall.

    Morgan Stanley Expands Into Ethereum and Solana

    Morgan Stanley’s new Ethereum and Solana ETPs drew $33 million in combined inflows on their second trading day. MSOL captured all fresh Solana ETF inflows during the session. Low 0.14% fees give both products an early competitive edge.

    Strategy Reports $8.33 Billion Quarterly Loss

    Strategy posted an $8.33 billion operating loss for the second quarter, driven largely by unrealized losses on its Bitcoin holdings. The company’s Bitcoin treasury strategy remains under scrutiny from investors, and corporate crypto exposure is facing renewed market attention.

    Hungary Grants First MiCA License to Local Exchange

    Hungary repealed its mandatory third-party validation rule for crypto conversions this week. Regulators separately granted CoinCash operator Tiwala Solutions the country’s first MiCA license, covering custody, exchange, and portfolio management services—a fresh regulatory milestone across the European market.

    Investor and Market Outlook

    Bitcoin holds near $64,283 as traders weigh returning ETF inflows against a stalled CLARITY Act. A close above $65,300 could open a path toward stronger $66,700 resistance. A slip below $63,800 risks exposing deeper support closer to $62,700. BNB and Hyperliquid remain the most sensitive names to shifts in institutional risk appetite. Ethereum trades near $1,904, holding steady after a volatile week. The Senate’s August 10 deadline stands as this month’s defining catalyst.

    FAQs

    What is the Bitcoin price today?

    Bitcoin trades near $64,283.69, up 0.66% over the past 24 hours. It holds steady after ETF inflows returned this week. Support sits near $63,800, while resistance builds between $65,300 and $66,700 through coming sessions.

    Why are BNB and Hyperliquid outperforming today?

    BNB and Hyperliquid both posted gains above 3% today, outpacing Bitcoin’s steadier move. Renewed institutional interest and stronger weekly momentum are driving demand toward these two large-cap altcoins.

    What is the biggest crypto news today?

    The CLARITY Act’s stalled Senate progress and Strategy’s $8.33 billion quarterly loss are shaping sentiment. Morgan Stanley’s new Ethereum and Solana ETP launch adds a contrasting institutional growth signal this week.

    Which coins are performing best today?

    Hyperliquid and BNB lead gains with rises above 3%, followed by XRP with a steady climb. Mid-cap DeFi tokens including Aave and Ethena remain under pressure.

    What should investors watch this week?

    Track Friday’s month-end close, the CLARITY Act’s August 10 deadline, and Bitcoin ETF flow trends closely. September Fed rate expectations could also shift near-term positioning meaningfully across the broader crypto market.