Category: Cryptocurrency

  • Bitcoin ETF Inflows Rebound as Institutional Interest Returns, BTC Tests Key Resistance

    Bitcoin ETF Inflows Rebound as Institutional Interest Returns, BTC Tests Key Resistance

    US spot Bitcoin ETFs snapped a four-day outflow streak on Wednesday, recording $32.1 million in net inflows as Bitcoin (BTC) stabilized near $64,000. The modest inflows have sparked renewed optimism that institutional investors may be returning to the market after a period of heavy withdrawals.

    According to SoSoValue, the positive momentum continued on Thursday, with BTC ETFs recording another $49.74 million in net inflows. This recovery ends a four-session outflow streak that saw more than $500 million in net withdrawals. Despite this, July has been the worst month for Bitcoin ETF inflows since the products launched, with net inflows standing at approximately $205 million — significantly lower than previous months.

    The muted performance comes after substantial institutional exits totaling around $2.43 billion in May and $4.52 billion in June. However, the total volume of inflows to US spot Bitcoin ETFs remains over $51 billion, underscoring their continued importance as a long-term source of demand for Bitcoin.

    Institutional Activity Contrasts with Retail Sentiment

    While institutional investors have been gradually coming back, retail sentiment remains weak. The Crypto Fear and Greed Index sits at 37 — still in the “Fear” zone. Historically, periods where institutional accumulation coincides with low retail confidence have attracted attention from long-term investors looking for early signs of trend reversals.

    Technical Outlook

    Bitcoin is trading near $64,000 with a bearish near-term bias, remaining below both its 50-day exponential moving average (EMA) at $64,921 and its 200-day EMA at $73,492. The Moving Average Convergence Divergence (MACD) has slipped just below the signal line, indicating fading upward momentum, while the Relative Strength Index (RSI) at 50 reflects neutral demand.

    On the upside, initial resistance sits around $64,921 (50-day EMA), with a further bullish threshold at the June 3 high of $67,516. A sustained move above these levels could strengthen bullish momentum, while failure to reclaim them may keep Bitcoin trading within its current range.

    Broader Crypto ETF Landscape

    Ethereum ETFs have fared somewhat better, attracting around $340 million in July — almost as much as in April and outperforming Bitcoin and other crypto funds. XRP is on track for a fourth consecutive month of inflows, though the sum remains modest at $13.61 million. Solana ETFs sit at $13.82 million.

    FAQs

    1. Why are Bitcoin ETF inflows important for the market? Bitcoin ETF inflows are a key indicator of institutional demand. Rising inflows generally signal growing confidence among large investors, while sustained outflows may reflect weakening sentiment or increased profit-taking.
    2. How much money flowed into US spot Bitcoin ETFs recently? According to SoSoValue, US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, followed by another $49.74 million on Thursday, ending a four-session outflow streak totaling more than $500 million.
    3. What do the technical indicators suggest for Bitcoin? Bitcoin remains below both its 50-day EMA ($64,921) and 200-day EMA ($73,492), indicating a cautious short-term outlook. The MACD has slipped below its signal line, while the RSI near 50 reflects neutral momentum.
    4. How are Ethereum and other crypto ETFs performing? Ethereum ETFs have attracted approximately $340 million in July, outperforming Bitcoin ETFs during the month. XRP and Solana ETFs have also recorded positive inflows, though totals remain modest.
    5. What price levels should Bitcoin traders watch next? Immediate resistance is near the 50-day EMA at $64,921, followed by the June 3 high around $67,516. A sustained move above these levels could strengthen bullish momentum.
  • Bitcoin ETF Inflows Resume as Institutional Interest Returns

    Bitcoin ETF Inflows Resume as Institutional Interest Returns

    US spot Bitcoin ETFs broke a four-day outflow streak on Wednesday, recording $32.1 million in net inflows as Bitcoin stabilized near $64,000. The modest recovery has sparked cautious optimism among analysts, who see it as a potential turning point for institutional demand.

    ETF Flows Reverse After Four-Day Outflow Streak

    According to data from SoSoValue, US spot Bitcoin ETFs saw $32.1 million in net inflows on Wednesday, ending a streak that had seen over $500 million in net withdrawals. The positive momentum continued into Thursday, with another $49.74 million in inflows.

    Despite this recovery, July remains the weakest month for Bitcoin ETF inflows since the products launched. Net inflows for the month stand at approximately $205 million, a sharp drop from the $2.43 billion in May and $4.52 billion in June. However, total cumulative inflows remain above $51 billion, underscoring the long-term importance of these funds for Bitcoin demand.

    Ethereum ETFs have fared better in July, attracting around $340 million—nearly matching April’s total. XRP and Solana ETFs have also posted positive inflows, though at more modest levels of $13.61 million and $13.82 million respectively.

    Institutional Activity Contrasts with Retail Sentiment

    While institutional investors appear to be gradually returning, retail sentiment remains subdued. The Crypto Fear and Greed Index sits at 37, firmly in the “Fear” zone. Historically, periods where institutional accumulation coincides with weak retail confidence have often attracted long-term investors looking for early signs of trend reversals.

    Technical Structure

    Bitcoin is trading near $64,000 with a bearish near-term bias, remaining below the 50-day EMA at $64,921 and far under the 200-day EMA at $73,492. The MACD has slipped just below its signal line, indicating fading upward momentum, while the RSI at 50 reflects neutral demand.

    On the upside, initial resistance sits at $64,921 (50-day EMA), with a further bullish threshold at the June 3 high of $67,516. A sustained move above these levels could strengthen bullish momentum.

    Why This Matters

    Returning ETF inflows signal renewed institutional interest despite weak retail sentiment. Reclaiming key resistance levels could drive a broader market recovery, but heavy outflows or macroeconomic headwinds could quickly reverse gains.

    Frequently Asked Questions

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

    Bitcoin ETF inflows are a key indicator of institutional demand. Rising inflows generally signal growing confidence among large investors, while sustained outflows may reflect weakening sentiment or profit-taking.

    2. How much money flowed into US spot Bitcoin ETFs recently?

    US spot Bitcoin ETFs recorded $32.1 million in net inflows on Wednesday, followed by $49.74 million on Thursday, ending a four-session outflow streak totaling over $500 million.

    3. What do the technical indicators suggest for Bitcoin?

    Bitcoin remains below both its 50-day and 200-day EMAs, indicating a cautious short-term outlook. The MACD is below its signal line, and the RSI near 50 reflects neutral momentum.

    4. How are Ethereum and other crypto ETFs performing?

    Ethereum ETFs have attracted approximately $340 million in July, outperforming Bitcoin ETFs. XRP and Solana ETFs have also recorded positive inflows, though totals remain modest.

    5. What price levels should Bitcoin traders watch next?

    Immediate resistance is near the 50-day EMA at $64,921, followed by the June 3 high around $67,516. A move above these levels could strengthen bullish momentum.

  • Ethereum’s Layer-2 TVL Plunges 90%: What It Means for ETH Price and Adoption

    Ethereum’s Layer-2 TVL Plunges 90%: What It Means for ETH Price and Adoption

    Ethereum Layer-2 Total Value Locked Crashes from $48B to $5B

    Ethereum’s Layer-2 ecosystem has experienced a dramatic decline in total value locked (TVL), dropping from a high of $48 billion earlier in 2026 to just around $5 billion, according to L2BEAT. This represents a staggering 90% decrease, adding fresh headwinds to an already volatile asset. Despite the rout, Optimism, Base, and Arbitrum remain the dominant players, collectively holding approximately $4.8 billion—or 96% of the remaining Layer-2 liquidity.

    Earlier this year, Arbitrum boasted $16.8 billion in TVL, Base nearly $10.7 billion, and Optimism around $8 billion. The combined total of these three networks exceeded $35 billion, making the current contraction all the more striking.

    Fragmentation and Capital Outflows Weigh on Activity

    Over 73 active Layer-2 rollups currently operate on Ethereum, but growing fragmentation continues to drain liquidity. While no major protocol has officially explained the traffic drop, analysts believe capital has shifted away from Layer-2 networks as users sought opportunities elsewhere or bridged assets back to Ethereum’s mainnet and competing blockchains.

    The debate intensified after the launch of Robinhood’s chain, which handled $4.5 billion in trading volume on decentralized exchanges in its first week and briefly outpaced Ethereum mainnet and Base on daily trading volume. However, during the same period, the chain generated only about $4,000 in fees, compared to Ethereum’s $7.4 billion, raising questions about the economic value Layer-2 networks return to the base chain.

    Institutional Competition Intensifies

    Major institutions like DTCC and JPMorgan are diversifying their tokenization initiatives across multiple public blockchains rather than relying solely on Ethereum. Meanwhile, the Ethereum Foundation has undergone several leadership changes this year, adding uncertainty about the network’s future direction. Despite these challenges, stablecoins maintain a significant presence in transactions across the Ethereum ecosystem, including its Layer-2 solutions.

    Technical Outlook: Key Support and Resistance Levels

    ETH is currently trading above a key support zone at $1,850–$1,900, near $1,920. Derivatives positioning remains subdued, reflecting limited conviction from both bulls and bears. Immediate resistance lies around $2,036–$2,050. A decisive move above this could target the 0.236 Fibonacci level near $2,134, with further milestones at $2,377 and $2,572. On the downside, $1,780 is critical support, followed by $1,742 if sellers regain control.

    Frequently Asked Questions

    Why has Ethereum’s Layer-2 TVL fallen so sharply?

    According to L2BEAT, Layer-2 TVL declined from about $48 billion to nearly $5 billion in 2026. Analysts attribute the drop to lower on-chain activity, capital outflows, and liquidity fragmentation across multiple rollup networks.

    Which Layer-2 networks still dominate Ethereum’s ecosystem?

    Optimism, Base, and Arbitrum remain the largest platforms, together accounting for about $4.8 billion or 96% of the remaining TVL in Ethereum’s Layer-2 ecosystem.

    What are the key price levels for Ethereum right now?

    ETH is holding above the important $1,850–$1,900 support zone. Immediate resistance is between $2,036 and $2,050, while a break below $1,780 could expose the next support near $1,742.

    Why are institutions exploring blockchains beyond Ethereum?

    Major institutions such as DTCC and JPMorgan are expanding tokenization initiatives across multiple public blockchains to reduce dependence on a single network and broaden infrastructure options.

    Does the decline in Layer-2 activity weaken Ethereum’s long-term outlook?

    A slowdown in Layer-2 adoption presents a near-term challenge, but Ethereum continues to benefit from strong stablecoin usage, an established developer ecosystem, and ongoing institutional interest, making its long-term outlook dependent on future network growth and adoption.

  • Crypto Hack Losses Exceed $1 Billion in First Half of 2026 as North Korean Groups Lead Attacks

    Crypto Hack Losses Exceed $1 Billion in First Half of 2026 as North Korean Groups Lead Attacks

    Cryptocurrency projects lost over $1 billion across 212 separate hacks during the first half of 2026, according to a new report from blockchain security firm Blockaid. The firm described the period as the most-hacked half-year on record by incident count, verifying 3.4 times as many high-threshold exploits over six months as it did throughout all of 2025. However, total losses remained below the previous year’s figure.

    A $1.5 billion attack on Bybit pushed 2025 losses to $2.58 billion across 63 incidents. In contrast, 2026 produced more frequent attacks but smaller average thefts.

    North Korea-Linked Hackers Take Nearly $600 Million

    North Korea-linked hackers accounted for almost $600 million in stolen funds. Blockaid tied two major April attacks to those groups. The Drift Protocol exploit caused $285 million in losses, while the KelpDAO attack removed $292 million. Together, they represented more than half of the half-year total.

    Attackers drained Drift in about 12 minutes after compromising multisig signers. Blockaid linked that breach pattern to LinkedIn social engineering aimed at key holders. The report said the same method produced two of the four largest incidents and found no structural reason for attackers to stop using it.

    Ethereum and Solana Lead Network Losses

    Ethereum projects lost $332 million, while Solana projects lost $326 million. Those figures placed both networks ahead of every other blockchain in total losses. Code exploits caused most Ethereum incidents. Blockaid said attackers targeted Ethereum because it hosts high-value restaking platforms, stablecoins, and decentralized exchanges.

    Solana’s losses rose sharply from about $127 million in 2025. Key breaches and signing infrastructure failures caused more than 98% of its losses.

    AI Agents Create a New Security Threat

    Blockaid expects more AI agent exploits during the second half of 2026. The firm identified a $216,000 Bankr incident as the first exploit of its kind. AI agent deployment is expanding about tenfold each year, according to the report. Blockaid expects prompt injection to lead attack methods, followed by abuse of connected tools.

    Can security controls keep pace as attack frequency rises and AI agents spread? Recovery efforts at Drift and KelpDAO show the operational burden after major breaches. Drift proposed a recovery pool with exchange revenue and support from partners, including Tether. The plan includes up to $127.5 million and requires audits, dedicated signing devices, and a redesigned multisig.

    KelpDAO completed the operational phase of its recovery plan on May 25. It resumed minting and redemptions, while litigation over frozen funds continued. Meanwhile, a wallet tied to the Drift exploiter moved 23,095.1 Ether into Tornado Cash between July 23 and July 24. The transfer carried an estimated value of $44.4 million. The report now points to AI agents, signer security, and prompt injection as key risks for the second half.

  • PI Network Rallies 6.37% as Thin Liquidity and Protocol 26 Upgrade Drive Price Toward $0.085

    PI Network Rallies 6.37% as Thin Liquidity and Protocol 26 Upgrade Drive Price Toward $0.085

    Pi Network’s native token PI posted a 6.37% gain over the past 24 hours, reaching $0.0837, while the broader cryptocurrency market remained mostly flat. Bitcoin slipped 0.11%, and total market capitalization edged lower during the same period. The move placed PI among the strongest performers on July 30, driven primarily by low liquidity and heightened trading activity.

    Low Liquidity Amplifies PI Price Movement

    Pi Network recorded $13.68 million in daily trading volume, a 27.44% increase from the previous day. However, its turnover ratio stood at only 1.49%, indicating shallow market depth. Such conditions allow modest buying pressure to push prices higher when sell orders are limited. Conversely, the same lack of depth can accelerate declines if demand fades.

    PI moved from recent lows near $0.078 and briefly approached the $0.085 area. The rally occurred while Bitcoin and the wider crypto market traded unevenly, suggesting the move was not driven by sector-wide sentiment. No prominent social media trends, exchange announcements, or on-chain events were detected, according to available data. The rebound appears primarily linked to order flow dynamics.

    Traders are now watching whether volume can sustain above recent levels. A sharp drop in activity could weaken the rally and push PI back toward earlier support zones.

    Protocol 26 Upgrade Deadline Draws Attention

    Pi Network is preparing for its Protocol 26 upgrade, with a deadline of August 11 for Mainnet node operators to complete the update and maintain network access. The Core Team described Protocol 26 as part of the final upgrade sequence, with Protocol 27 to follow and complete the current rollout plan. The team stated, “With eight successful upgrades completed over the past few months, these final two upgrades will update the network.”

    Protocol 26 follows Protocol 25, which went live on July 25. The upcoming update aims to introduce new protocol features and improve network functions. The announcement gave traders a clear date to monitor, though the available data does not confirm that the upgrade alone caused the rally.

    PI also tested the upper boundary of a rising parallel channel near $0.084. A close above $0.085 could support another move toward $0.10. However, the outlook depends on sustained demand. A brief upgrade-related trade could fade if volume returns to previous levels.

    Support Levels and August Token Unlocks

    The $0.080 level remains the primary short-term support. If buyers continue to defend that area, PI could retest $0.085. A decisive move above $0.085 would give the recovery more structure. The next widely watched level is near $0.10, last reached on July 20.

    On the downside, a close below $0.080 could weaken the current setup. The price may then fall toward $0.075 or the lower Bollinger Band near $0.074. August token unlocks add another factor. PiScan data shows that approximately 128 million PI tokens may enter circulation during the month, carrying an estimated value of around $10 million at current prices. Additional supply may pressure the market if demand remains limited. July saw about 103 million PI tokens enter circulation, after which PI touched a record low near $0.070 on July 14.

    For now, PI holds a cautiously positive short-term structure above $0.080. Volume, the Protocol 26 deadline, and August unlocks will guide the next move. Market depth remains the central test for buyers.

  • SEC Moves Toward Independent Crypto Rules as CLARITY Act Stalls in Senate

    SEC Moves Toward Independent Crypto Rules as CLARITY Act Stalls in Senate

    The U.S. Securities and Exchange Commission (SEC) is preparing to establish its own regulatory framework for cryptocurrencies as the CLARITY Act faces procedural delays in the Senate. SEC Chair Paul Atkins has indicated that the agency can leverage its existing authority to address regulatory gaps if Congress fails to pass the bill.

    Atkins previously noted that the SEC and the Commodity Futures Trading Commission (CFTC) could “fill in the gaps” without new legislation, adding that regulators can “make do with our authority” while lawmakers continue negotiations. This approach places agency rulemaking behind the SEC’s broader Regulation Crypto Assets plan.

    SEC Prepares Regulation Crypto Framework

    In March, Atkins introduced Regulation Crypto Assets as a comprehensive framework for token offerings and digital asset oversight. The plan includes a token taxonomy, guidance on when an investment contract ends, and exemptions that could provide crypto projects with a clear route for raising capital.

    The SEC’s 2026 agenda calls for clearer rules covering crypto fundraising, custody, and blockchain-based securities trading. Atkins emphasized the need for formal standards rather than relying primarily on enforcement actions. Any final rules would require a proposal, public comment period, and a Commission vote before taking effect.

    CLARITY Act Faces Narrow Senate Window

    Meanwhile, the CLARITY Act cleared the Senate Banking Committee by a 15-9 vote on May 14 and passed the House by 294-134 in July 2025. The legislation would divide digital asset oversight between the SEC and CFTC while establishing federal rules for trading platforms.

    Several disputes continue to slow Senate negotiations. Democratic senators are pushing for stronger provisions on government ethics, consumer protection, illicit finance, conflicts of interest, and market integrity. Lawmakers are also debating protections for decentralized finance (DeFi) developers and limits on rewards tied to stablecoins.

    Senators Thom Tillis and Ruben Gallego have taken leading roles in negotiations over the bill’s ethics provisions. Details of any final compromise have not been publicly released. The bill still needs enough support to clear the Senate’s 60-vote procedural threshold before a final vote.

    August Recess Raises Pressure on Lawmakers

    The Senate’s planned state work period begins August 10 and continues through September 11, giving lawmakers a limited window to start the voting process before the break. Senate leaders are also handling nominations and other legislation competing for floor time.

    Atkins has stated that only Congress can fully “future-proof” crypto rules through market structure legislation. A statute could define agency powers more clearly and reduce the risk of later policy reversals. SEC rules alone cannot settle every issue involving the CFTC’s authority over digital commodities.

    Even so, the SEC can move first in areas covered by federal securities law, including token fundraising exemptions, custody standards, and rules for securities trading on digital platforms. Proposed rules could advance even if the CLARITY Act moves into a later Senate window.

    The SEC’s plan would not create a complete market structure law but would address areas already tied to federal securities rules. Coordination with the CFTC would remain necessary for digital commodities and platforms offering multiple token types. Congress would still control any wider division of federal authority.

    This fallback plan marks a shift from an approach centered mainly on lawsuits and case-by-case decisions, placing more crypto policy decisions with regulators while Congress continues negotiations. The Senate schedule will determine whether legislation or agency action shapes the next stage of U.S. crypto regulation.

  • Solana Block Building Gets Compliance Layer via Flowra-Honeypot Partnership

    Solana Block Building Gets Compliance Layer via Flowra-Honeypot Partnership

    Flowra, a Solana-focused platform for open orderflow auctions and validator infrastructure, has announced a partnership with compliance provider Honeypot to integrate sanctions and risk screening directly into the block-building process. The collaboration gives validators new tools to define compliance policies before transactions are finalized on-chain.

    Bringing Compliance into Block Construction

    The integration combines Honeypot’s compliance intelligence with Flowra’s Programmable Block Policy (PBP), enabling institutional validators to set configurable rules for which transactions and bundles can be included during block construction. Rather than applying a single compliance framework across the network, the system lets each validator independently decide how those policies are implemented.

    The initial rollout supports screening against sanctions-related criteria, including wallet addresses linked to sanctioned entities, along with network-level indicators such as VPNs, proxy services, and Tor exit nodes. Flowra says the framework is designed to accommodate additional enterprise compliance providers over time, allowing validators to adapt as operational and regulatory requirements evolve.

    Why Institutional Validators Need More Control

    As institutional participation in blockchain networks grows, validators are increasingly expected to operate within compliance frameworks originally built for exchanges, custodians, and wallet providers. While those businesses routinely screen users before transactions reach the blockchain, validators have historically had limited options for applying configurable compliance controls during block construction.

    Flowra’s Programmable Block Policy extends compliance into validator infrastructure without imposing mandatory network-wide enforcement. Participating validators retain full authority over how transaction selection policies are configured. They can choose whether to implement screening, which providers to integrate, and when to update those policies — preserving autonomy while expanding compliance capabilities for regulated infrastructure providers.

    “Public blockchains have become increasingly attractive to institutional participants, but the infrastructure hasn’t evolved to give validators the compliance controls many regulated operators expect,” said Harry Hwang, CEO of Flowra. “We’re working with Honeypot to bring compliance into the block-building process itself, allowing validators to define and enforce their own policies before transactions are included on-chain. The goal isn’t to make the network less open, it’s to give individual validators the flexibility to operate in a way that reflects their own requirements.”

    Looking Ahead

    Initially, the collaboration focuses on sanctions screening, wallet screening, and auditability for regulated institutions. Future updates are expected to expand the framework to support additional enterprise compliance providers while introducing new capabilities that give validators greater flexibility over how compliance policies are implemented within their own infrastructure.

    Flowra develops validator infrastructure, delegation programs, and orderflow technologies aimed at improving transparency, incentive alignment, and value distribution across the Solana ecosystem. Honeypot provides compliance intelligence that helps exchanges, DeFi protocols, and financial institutions identify VPNs, proxy services, Tor exit nodes, and other location-obfuscation methods in support of sanctions compliance and regulatory audit requirements.

  • MEXC Lists Grvt (GRVT) Token, Launches $60,000 GRVT and $10,000 USDT Airdrop+ Event

    MEXC Lists Grvt (GRVT) Token, Launches $60,000 GRVT and $10,000 USDT Airdrop+ Event

    MEXC, a leading digital asset exchange known for its zero-fee trading model, has announced the listing of Grvt (GRVT) in its Innovation Zone. The GRVT/USDT trading pair will open at 12:00 UTC, followed by the GRVT/USDC pair at 12:20 UTC on July 30, 2026. To celebrate the listing, MEXC is launching the Grvt (GRVT) Airdrop+ event, offering a combined prize pool worth $60,000 in GRVT tokens and $10,000 in USDT futures bonuses.

    Grvt is a self-custodial on-chain wealth platform that integrates Earn, Invest, Trade, and Pay into a single user-controlled balance. Built on a custom ZKsync Validium Layer 2, it delivers CEX-grade performance. Since December 2024, Grvt has operated as the world’s first licensed perpetual decentralized exchange (DEX). The total supply of GRVT is capped at 1 billion tokens.

    The Airdrop+ event runs from July 30, 2026, 10:00 UTC to August 13, 2026, 10:00 UTC. Participants can earn rewards through three methods: deposit and trade GRVT to share $54,000 worth of GRVT, trade LIT to share $6,000 in GRVT, or trade GRVT futures to share $10,000 in futures bonuses. Full details are available on the official event page.

    This listing underscores MEXC’s commitment to providing early access to emerging digital assets. With over 40 million users across 170+ markets, MEXC offers a platform where users can trade cryptocurrencies alongside tokenized real-world assets, including U.S. stocks, ETFs, commodities, and precious metals. The exchange’s rapid listing process, extensive asset selection, industry-leading liquidity, and zero-fee model empower traders worldwide.

    Disclaimer: This content is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are highly volatile. Always conduct your own research before making any financial decisions.

  • XRP, Cardano, and Solana Price Analysis: Bearish Signals Point to Further Downside

    XRP, Cardano, and Solana Price Analysis: Bearish Signals Point to Further Downside

    Major altcoins including Ripple (XRP), Cardano (ADA), and Solana (SOL) are under increasing pressure amid broader market volatility. All three tokens are trading near critical support levels, and a breakdown below these thresholds could trigger deeper losses, according to technical indicators.

    Altcoins Face Risk of Further Declines

    XRP: Downtrend Persists Below Key Moving Average

    XRP remains in a downtrend, trading below its 50-day Exponential Moving Average (EMA) at $1.1300. At press time, XRP is at $1.0839, recovering slightly from a low of $1.0428 on July 6. Over the past seven days, XRP has declined 3.63%.

    Technically, XRP is holding just above the 23.6% Fibonacci retracement level at $1.0757 (measured from $1.2935 to $1.009). The next major support lies at the Fibonacci anchor of $1.009. The Relative Strength Index (RSI) stands at 45.44, below the neutral 50 mark, while the Moving Average Convergence Divergence (MACD) sits marginally below its signal line in negative territory. These indicators suggest fading bullish momentum.

    On the upside, initial resistance is near $1.0935, followed by the 50-day EMA around $1.1337 and the 50% retracement level at $1.1513.

    Cardano: Bearish Breakout Targets Lower Lows

    Cardano continues its downtrend, staying below its 50-day EMA at $0.1739 as the broader market remains bearish. Recent bounces appear to be corrective attempts within a dominant downtrend, extending the decline below the broken rising support trendline near $0.1654.

    The bearish breakout in ADA could target the June 6 low at $0.1486, followed by the June 26 swing low at $0.1385. The RSI is near 49.41, just at the neutral line, while the MACD and signal line have slipped into negative territory, indicating sellers still hold the upper hand.

    Immediate resistance appears around the downward trendline at $0.1693. A sustained break above this area would bring the 50-day EMA at $0.1739 into focus as the next hurdle.

    Solana: Weak Momentum Below Key Averages

    Solana trades below $74.34, maintaining a bearish near-term bias beneath the 50-day EMA at $76.17 and well below the 200-day EMA at $92.13.

    Momentum reinforces this weak tone, with the RSI at approximately 45.59, indicating low demand, while the MACD remains in negative territory and below its signal line, suggesting continued downside pressure.

    A decline could target the February 6 low at $67.50, followed by the June 6 low at $60.13. On the upside, immediate resistance is at the 50-day EMA near $76.32. A sustained break above that zone would expose the 200-day EMA at $92.59 as the next key barrier.

    XRP, Cardano, and Solana continue to experience bearish momentum as they trade below key moving averages with weak RSI and MACD signals. Unless buyers reclaim major resistance levels, the risk of further downside remains elevated, making the upcoming support zones critical for determining the next market direction.

    FAQs

    1. Why are XRP, Cardano, and Solana showing bearish momentum? All three altcoins are trading below their respective 50-day EMAs, while momentum indicators such as the RSI and MACD continue to reflect weakening buying pressure and a cautious market outlook.
    2. What are the important support levels for XRP? XRP is holding just above the 23.6% Fibonacci retracement level near $1.0757. If this support fails, the next major level to watch is around $1.009, which serves as the broader Fibonacci anchor.
    3. What price levels should Cardano traders monitor? Cardano’s immediate resistance lies near the descending trendline around $0.1693, followed by the 50-day EMA at $0.1739. On the downside, support is located near $0.1486 and then $0.1385.
    4. What does Solana’s technical setup indicate? Solana remains below both its 50-day and 200-day EMAs, indicating continued bearish sentiment. A break below current levels could lead to declines toward $67.50 and potentially $60.13 if selling pressure intensifies.
    5. What do the RSI and MACD indicators suggest for these altcoins? Across XRP, ADA, and SOL, the RSI remains below the neutral 50 level while the MACD stays in negative territory. Together, these indicators suggest that bearish momentum continues to outweigh buying interest in the short term.
  • Bitcoin ETF Inflows Return, Lazarus Group Transfers BTC, and Hungary Eases Crypto Regulations

    Bitcoin ETF Inflows Return, Lazarus Group Transfers BTC, and Hungary Eases Crypto Regulations

    Crypto Market Roundup: Bitcoin ETF Inflows, Lazarus Group Activity, and Regulatory Shifts

    The crypto market saw a series of significant developments on July 30, 2026, as Bitcoin spot ETFs recorded net inflows, North Korea’s Lazarus Group moved a substantial amount of BTC, and Hungary streamlined its crypto regulations. Meanwhile, the CLARITY Act’s chances of passing in 2026 dropped to a new low.

    Bitcoin Spot ETFs See $32 Million Inflow After Outflow Streak

    According to data from SoSoValue, Bitcoin spot ETFs posted a total net inflow of $32.11 million on July 30, ending a four-session outflow streak. BlackRock’s IBIT led the charge with a daily net inflow of $89.83 million, bringing its historical net inflow to $60.42 billion. In contrast, Fidelity’s FBTC recorded the largest daily net outflow at $43.08 million, with a total historical net inflow of $9.96 billion. The combined net asset value of all Bitcoin spot ETFs now stands at $77.46 billion, representing a 6.08% net asset ratio. The historical cumulative net inflow has reached $51.36 billion, signaling renewed institutional interest in the asset class.

    Russia Detains BitRiver Founder in Fraud Investigation

    Russian authorities have escalated their case against Igor Runets, founder of the country’s largest cryptocurrency mining firm, BitRiver. The Zamoskvoretsky District Court of Moscow ordered Runets moved from house arrest to a pre-trial detention center, where he will remain for at least two months pending the investigation. Runets faces charges under Part 4 of Article 159 of the Russian Criminal Code, which covers fraud on an especially large scale committed by an organized group. Investigators allege that Runets and his company were involved in a crypto-mining equipment deal with the energy conglomerate En+ that resulted in damages of 1 billion rubles (approximately $12.5 million).

    North Korea’s Lazarus Group Moves $7.74 Million in Bitcoin

    Blockchain monitoring firm Lookonchain detected a transfer of 121.5 Bitcoin (BTC), valued at roughly $7.74 million, from a wallet associated with North Korea’s Lazarus Group to a new address. The transaction, which occurred on June 6, 2025, is part of the group’s ongoing efforts to launder funds from previous cyber heists. The Lazarus Group has been linked to major cryptocurrency thefts, including the $620 million Axie Infinity hack in 2022 and the $1.7 billion Bybit exploit in 2025.

    Hungary Streamlines Crypto Regulations Under MiCA Framework

    Hungary has taken steps to simplify its crypto regulatory environment. The Hungarian Parliament voted to repeal the country’s mandatory crypto validator rule, which had required certain crypto transactions to undergo third-party approval. This requirement, which took effect on July 1, 2025, operated alongside the European Union’s Markets in Crypto-Assets (MiCA) framework, creating a dual compliance burden for crypto asset service providers. With the repeal, Hungary has aligned more closely with MiCA, also applying a shortened transition period that required compliance by July 1, 2025—one year earlier than the EU’s maximum deadline. As a result, CoinCash has been authorized to resume operations in the country.

    CLARITY Act Odds Hit Record Low of 27%

    Prediction market Polymarket has set the probability of the CLARITY Act becoming law in 2026 at a record low of 27%, following a Senate delay. The Senate postponed action on the crypto market structure bill to consider a Russia sanctions package and federal nominees. Galaxy Digital similarly lowered its estimated probability of passage to 30%. With the Senate now focused on other legislative priorities and the August 8 recess approaching, the window for the CLARITY Act is shrinking. The Senate voted on July 28 to advance the sanctions legislation, leaving fewer working days for the crypto bill.

    Summary of Key Developments

    • Bitcoin ETF inflows: $32.11 million net inflow, led by BlackRock’s IBIT with $89.83 million.
    • Lazarus Group transfer: 121.5 BTC ($7.74 million) moved to a new wallet.
    • BitRiver founder: Igor Runets placed in pre-trial detention in Russia over alleged fraud.
    • Hungary crypto rules: Repeal of validator rule aligns with MiCA; CoinCash resumes operations.
    • CLARITY Act: Odds drop to 27% on Polymarket after Senate delay.