Crypto Industry News & Market Trends

I am contemplating selling some of my bitcoin for gold, veteran trader Peter Brandt says

The logic is simple. BTC has underperformed gold, technology stocks and just about everything this year, which makes it look oversold and attractive relative to these assets.　　But Brandts technical analysis suggests that the expected rotation may not happen and golds outperformance relative to BTC could continue.　　The momentum shift　　A closer look at the XAU/BTC chart helps understand Brandts bias for gold. XAU/BTC tracks the per-ounce price of gold in BTC terms.　　For over a decade, XAU/BTC trended lower, illustrating the cryptocurrencys relentless outperformance and rally against the yellow metal. However, since at least 2019-2020, the pace of decline in the ratio has markedly slowed.　　In technical analysis terms, this represents a loss of bearish momentum in the ratio. A flattening curve has replaced the steep, vertical drops that characterized the 2010s, a sign that the sellers of gold (relative to bitcoin) are finally exhausted.　　And now, the tide seems to be turning in favor of the yellow metal.　　XAU/BTC. (Peter Brandt, TradingView)　　The “rounding” effect Brandt highlighted suggests the ratios fall has not just stopped; it is beginning to curl upward.　　In other words, we could be entering a new macro cycle where gold begins to claw back the ground it lost to bitcoin over the last

07-06Industry

Bitcoin ETFs log record eighth straight negative week despite large Thursday inflow

Quick TakeU.S. spot bitcoin ETFs shed about $527 million in the holiday-shortened week, their eighth straight negative week and the longest run on record.Thursday‘s $221.72 million inflow snapped a 10-session outflow streak, but BlackRock’s IBIT extended its own losing run to 11 days.Spot ether ETFs lost a net $13.7 million, an eighth straight weekly outflow that ties their record, though they closed the week with two days of inflows.Hyperliquid ETFs took in $4.3 million, their smallest week since launching in May, down from a record $111 million the week before.　　U.S. spot bitcoin ETFs posted about $527 million in net outflows over the four trading days ending Thursday, July 2, their eighth consecutive negative week, per The Blocks analysis of SoSoValue data. That extends the longest weekly outflow run in the funds history; before this stretch began in mid-May, they had never strung together more than five net outflow weeks.　　The record week arrived despite a strong finish. The funds pulled in $221.72 million on Thursday, their largest single-day inflows since May 5, ending a 10-session outflow streak that had drained about $2.71 billion, The Block reported Friday. Fidelitys FBTC led with $165.96 million, followed by ARK and 21Shares ARKB at $91.84

07-05Industry

Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal

Bitcoin (BTC) is completing a “perfectly fractal” reversal pattern that a well-known analyst hopes could end the bear market.　　Key points:Bitcoin is on the final leg of what could become a major “W”-shaped reversal pattern.John Bollinger suggests that its success could “break” the downtrend in place since October 2025.Institutional interest slowly returns as newly reclaimed $60,000 holds.　　John Bollinger hints BTC price “W” reversal could break bears　　In X posts on Friday, John Bollinger, creator of the Bollinger Bands volatility indicator, eyed a “W”-shaped double bottom on BTC/USD.　　“$BTC has seen a series of bullish patterns broken, evidence of the power of the downtrend,” he commented.　　“Will this W be the one that breaks the trend？”　　“W”-shaped reversals involve two swing lows with a rejected rebound in between, with price ultimately breaking through that rejection level to form a new uptrend.　　Bollinger uploaded a chart showing how neatly the current setup aligns with the lower band of the Bollinger Bands indicator on daily time frames.　　“Note that it is perfectly fractal. The are small ws at the nadirs and a small m at the apex,” he added, also pointing to a “W” on the weekly chart.BTC/USD one-day chart with Bollinger Bands. Source: John Bollinger/X　　Bollinger has been bullish on

07-04Industry

SOL rallies as Solana memecoins, prediction market activity surge: Are bulls back？

Key takeaways:Solanas tokenized assets and memecoin revival drove SOL to a 30-day high at $83.Bullish leveraged appetite cooled sharply, suggesting traders are hesitant to bet on further gains to $90.　　Solanas SOL token jumped to its highest mark in over 30 days on Friday at $83, marking a decoupling from the altcoin market. SOLs rally gained steam from a surge in tokenized trading volume on Solana, inflows of stablecoin liquidity, and an unexpected comeback in memecoin activity. Can SOL reclaim the $90 level？　　Total altcoin market capitalization, USD (left) vs. SOL/USD (right). Source: TradingView　　SOL‘s bullish momentum ignited on June 23, coinciding with cumulative tokenized stock transfers on Solana surpassing $10 billion. The launch of SpaceX shares trading by Backpack propelled Solana’s decentralized finance (DeFi) utilization. In contrast, the broader altcoin market extended its downtrend, hitting the lowest level since December 2023.30-day tokenized assets net flows ex-stablecoins, USD. Source: RWA.xyz　　Tokenized assets on the Solana network surged to a record-high $3.5 billion on Wednesday, up from $2.7 billion one month prior. The recent boost came from corporate credit tokens and stock market indexes, such as the S&P 500 and the Nasdaq-100. According to RWA.xyz data, Solana leads with 294,274 active addresses in the tokenized

07-04Industry

Bitcoin, Ether extend relief rallies as extreme fear meets renewed ETF buying

Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775. The end-of-week rally comes a few days after BTC fell to a 21-month low and ETH sank to fresh year-to-date lows. Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100.Crypto Fear & Greed Index. 　　That gap between the “Extreme Fear” reading and Fridays bullish market activity is worth noting. On July 2, US spot Bitcoin exchange-traded funds (ETFs) took in a net $221.7 million, their largest single-day inflow since early May and a break from 10 consecutive days of outflows.Spot Bitcoin ETF netflows. 　　Futures markets fuel Bitcoin and Ether gains　　The leverage side of the crypto market looks more one-sided than the spot buying data alone would suggest. “Funding,” the periodic payment traders holding bets on higher prices make to traders betting on lower prices when the market leans bullish, has stayed positive for the past eight days and has been climbing throughout this period.Bitcoin open interest, funding rate. 　　The total amount of outstanding leveraged Bitcoin positions is also near its highest level in the past several days, even though the price

07-04Industry

Bitcoin price tags $62.3K nine-day high after global stocks hit historic record

Bitcoin (BTC) saw new July highs on Friday as bulls kept pushing over the US holiday period.　　Key points:Bitcoin sustains upside momentum as BTC price action nears its 200-week moving average.That trend line now forms the centerpoint of a “strong resistance area.”Global equities hit record levels as Fed rate-hike odds simmer on weaker jobs data.　　Bitcoin buyers “chasing” as BTC price eyes key trend line　　Data from TradingView showed BTC/USD reaching $62,295 on Bitstamp, its highest since June 24.BTC/USD four-hour chart. Source: Cointelegraph/TradingView　　US markets were closed for the Independence Day holiday, with the Dow Jones closing at record highs the day prior. As noted by trading resource The Kobeissi Letter, the global stock market cap also hit new all-time highs.　　“Global equities are in the midst of one of the most powerful rallies in history,” it wrote in a post on X.Source: The Kobeissi Letter/X　　Commenting on the latest BTC price action, X commentator Exitpump eyed “controlled slow buying” on exchanges.　　“Looks good for continuation higher, although keeping in mind 62K - 62.5K as a strong resistance area,” they told X followers.BTC/USD order-book data. Source: Exitpump/X　　Trader Daan Crypto Trades focused on the 200-week simple moving average (SMA), currently at $62,652, for the weekly candle close.　　“It is

07-04Industry

Bitcoin supply metric prints first 'buy' signal since late 2022 as bear market continues

Bitcoin (BTC) has added another bear-market bottom signal this month as analysis draws comparisons to November 2022.　　Key points:Bitcoin adds to its list of bear-market bottom signals with a key supply ratio “buy” trigger.A bear-market floor could still be some time off, analysis says, with supply held at a loss still relatively low.Demand is the missing piece of the puzzle to shore up a bullish rebound.　　Bitcoin profit metric echoes 2022 bear-market bottom zone　　In a blog post on Friday, crypto analyst Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, confirmed the return of a key Bitcoin buy signal.　　Advanced Net UTXO Supply Ratio, which measures the proportion of the BTC supply which last moved in profit or loss, is back in negative territory for the first time in nearly four years.　　“The ratio dropped into deeply negative territory and then crossed back above the signal threshold on the rebound, which caused the model to print BUY on several sessions in late June and early July,” Adler wrote.　　“This is the first buy trigger since November 2022, which was the bottom of the previous bear cycle.”Bitcoin Advanced Net UTXO Supply Ratio. Source: CryptoQuant　　UTXO Supply Ratio cues do not imply that a macro bottom has

07-04Industry

Belgian police arrest suspected phishing gang leader tied to $572K theft

Belgian authorities arrested a 19-year-old suspected of being a key figure in a European phishing and money-laundering network that stole more than 500,000 euros ($572,000) using fake government emails and phone calls to trick victims into installing remote-access software.　　Authorities detained the suspect in an Airbnb in Antwerp, where a second suspect was also found. The Federal Judicial Police launched the investigation in March 2026, when phishing attacks became a priority in the region, according to a Thursday police report.　　The main suspect was brought before an investigating judge, who issued an arrest warrant. The gang used money mules and cash carriers and laundered the proceeds through cryptocurrencies.　　The investigation shows that crypto can play multiple roles in phishing operations, including as a means of laundering illicit proceeds.　　Phishing dominates crypto security losses　　Phishing is also a major threat to cryptocurrency investors, accounting for the majority of the $482 million lost in the first quarter of 2026. Phishing and social engineering attacks accounted for $306 million of those losses, according to Hacken.　　Phishing attacks and social engineering scams are a long-standing hurdle for the crypto industry, as attackers exploit human behavior rather than the code of a protocol.　　On May 25, onchain analyst “b-block” warned that scammers

07-04Industry

Zcashs Ironwood upgrade faces possible delay over infrastructure readiness

Shielded Labs has raised the possibility of delaying Zcashs Ironwood network upgrade, warning that ecosystem participants like exchanges, mining pools and wallets may not have enough time to prepare their systems for the planned activation in late July.　　Jason McGee, executive director of Shielded Labs, said in a Zcash community forum post that two major projects are moving forward at the same time. Alongside Ironwood, infrastructure providers are being asked to replace Zcashs longstanding node and wallet software, zcashd, with a new collection of tools known as the Z3 stack.　　The concerns highlight the trade-off between quickly restoring confidence in Zcashs shielded supply and giving ecosystem participants enough time to deploy and audit the new infrastructure safely.　　Ironwood was proposed after researchers discovered an “infinity” bug in Orchard, Zcashs main private transaction pool. The flaw could theoretically have allowed an attacker to create an unlimited amount of counterfeit ZEC tokens inside the pool without detection. Developers said there was no evidence that the pool had been exploited. However, Orchards privacy features make it impossible to prove that no fake coins were created.Source: Zooko Wilcox　　Ironwood rollout collides with Zcash software migration　　Ironwood would open a replacement private pool and prevent new activity inside the existing

07-04Industry

Revolut to delist USDT in August, citing regulatory and risk concerns

Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory and risk concerns.　　In a Friday customer notice seen by Cointelegraph, Revolut said users will no longer be able to buy USDT starting July 6, with full delisting scheduled for Aug. 31, 2026.　　If users do not sell or withdraw their USDT by the end of August, Revolut will automatically convert any remaining USDT holdings into users‘ base currency at the day’s exchange rate, the company said.　　USDT deposits will no longer be supported after July 30, 2026, after which any incoming USDT transfers will be rejected, it said.　　The move highlights how major fintech companies are adjusting stablecoin access in response to shifting regulatory frameworks. It also raises questions about timing, as exchanges such as Coinbase began delisting USDT in Europe in 2024 to align with EUs Markets in Crypto-Assets (MiCA) requirements.　　Revolut does not cite exact framework for delisting　　Revolut has not clarified whether the USDT delisting will apply globally or only in specific jurisdictions.　　Addressing the reasons for delisting USDT, Revolut cited “regulatory and risk considerations” without expanding what regulations specifically have triggered the move.Source: Cointelegraph　　The company was granted

07-04Industry

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