Latest Crypto News & Market Updates

On-chain data suggests Bitcoin has yet to confirm a bull market reversal

Bitcoin [BTC] faced minor losses in recent days of trading. Its spot ETF inflow streak, the longest in nine months, has just been broken by a $225.1 millionoutflow on Thursday, July 23.　　Bitcoin was still trading within a long-term bearish price trend. The bulls inability to break out past the $67klocal supply zone has given control of the market back to the bears.　　Heres what that means for investors　　Bitcoin MVRV and realized losses point toward THIS　　Source: CryptoQuant　　The MVRV ratio, when above 1, shows that the aggregate holder is still in profit. Historically, the depths of bear markets have only been reached when the MVRV falls below 1.　　Crypto analyst Rei Researcher pointed out that this was not the case so far in the current cycle. The market was far from bullish overheated territory, but not quite yet at bear market bottom.　　Onchain data showed that the cyclical capitulation might not have ended yet. The recent bounce may have offered some long-term holders an opportunity to reduce exposure ahead of any further weakness.　　Source: CryptoQuant　　Analyst The Chess Onchain observed that the Bitcoin supply in profit was currently at 57.5%. The 30-day averageof the long-term holder SOPR must reclaim 1.0 to reliably mark the end of a

07-24Industry

Trumps New Tariffs Explained: What They Mean for Markets and Prices

Trumps new tariffs now cover nearly all US imports, raising questions about prices, trade and global markets.The White House cites forced labor concerns, but critics argue the tariffs serve a broader trade strategy.Higher import costs could fuel inflation, influence Fed policy and shape sentiment across stock and crypto markets.　　President Donald Trumps new tariffs took effect Friday, expanding US import duties to goods from 60 trading partners and covering about 99.4% of all imports into the country after a temporary global levy expired. The administration said the measures target countries that failed to curb imports made with forced labor, though critics argue Trump is using the policy to pursue broader trade goals.　　The new duties range from 10% to 12.5% and affect some of the United States largest trading partners. The policy could raise import costs, reshape global supply chains and influence inflation, financial markets and cryptocurrency prices.　　Why Is Trump Imposing These Tariffs？　　The tariffs replace a temporary 10% levy that expired Friday after the Supreme Court struck down many of Trumps earlier global tariffs, ruling that he had exceeded his emergency powers. The decision forced the administration to find another legal basis to keep broad import duties in place.　　The administration then launched

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Ethereum Staking Hits Record 34% as Rewards Fall to Their Lowest Level Ever

Ethereum staking reaches a record 41.04M ETH, 34% of supply, worth $77.7B, as rewards fall to 2.62% and issuance rises to 0.842%.　　Ethereum staking has reached a new record, with 41.04 million ETH now locked across the network. The figure represents about 34% of the total ETH supply.　　Merlijn The Trader said the staked ETH is worth about $77.7 billion today. However, the value is down 40% over the past year.　　The record staking level comes while rewards continue to fall. Stakers now earn about 2.62%, down from 3.05%.　　Ethereums market price is also sitting near an important recovery zone. The daily ETH/USD chart shows a price near $1,859 on Bitstamp.　　Ethereum Staking Reaches Record Share　　Merlijn said 41.04 million ETH is now locked in staking. This marks the highest staking share reported for Ethereum. It also shows that many holders continue to lock ETH despite lower returns.　　41,040,000 ETHEREUM ARE LOCKED IN STAKING　　A record 34% of the entire supply.　　That stake is worth $77,700,000,000 today.　　Down 40% in a year.　　Stakers now earn 2.62%, down from 3.05%.　　Issuance rose from 0.757% to 0.842%.　　Record supply locked. Lowest payout ever offered to lock…　　The staked amount equals about 34% of the total ETH supply. That level reduces the amount of ETH freely moving

07-24Industry

Poolin was bitcoin's biggest mining pool and now it's filing for bankruptcy

SummaryPoolin was regarded as the worlds largest bitcoin mining pool in 2019, with an 18-20% share of global hashrate, before a liquidity crisis in 2022 left 11,700 customers holding $163.7 million in frozen fundsA $52 million bid from Thor CALAP LLC for Poolins West Texas mining sites is the only meaningful recovery on the table for creditors owed approximately $173 million　　Bitcoin mining company Poolin has filed for bankruptcy alongside its two U.S. affiliates Lonestar Dream and Lonestar Taproot with estimated liabilities between $100 million-$500 million, TheEnergyMag reported on Friday.　　The Singapore-based firm, which once dominated the industry, filed for Chapter 11 protection in New Jersey on July 22 with debts of around $173 million,　　A $52 million bid for two mining sites in West Texas is currently on the table from Thor CALAP LLC. The sites represent the better part of the companys assets.　　Poolin was one of the biggest mining pools in bitcoin at its peak meaning more bitcoin was being mined through Poolin than through any other single pool on earth. Glassnode data shows its share of global hashrate reached roughly 18-20% in 2019.　　Users were already complaining about withdrawal delays on Poolins Telegram channels in late 2022, a period plagued by

07-24Industry

Crypto market maker B2C2 held sale talks with multiple potential buyers

SummaryB2C2, the crypto market maker 90% owned by SBI Holdings, has held takeover talks with several potential acquirers over the past 18 months, according to sourcesThe discussions have been hindered by valuation. B2C2 is said to be seeking a price of more than $1 billion, which one source said would be difficult to achieve in the current crypto market.The reported talks come amid a wave of consolidation across the digital asset industry, as firms pursue acquisitions to expand institutional offerings and scale in a maturing market.　　B2C2, the crypto market maker 90% owned by Japans SBI Holdings, has held takeover talks with several potential acquirers over the past 18 months, according to five people with knowledge of the matter.　　Valuation has been a sticking point in the discussions, said two of the people, who spoke on condition of anonymity because the matter is private.　　TheLondon-based firm is said to be looking for a valuation in excess of $1 billion one person said, adding that such a deal would be difficult to pull off given the current crypto-market environment.　　Discussions have centered on the sale of part or all of the company, though it is unclear whether any talks remain active.　　A B2C2 spokesperson declined to

07-24Industry

Brazilian farmers tokenized dairy cows to get loans, bypassing bank lending limits

SummaryFarmers in Paraná, Brazil, have tokenized 10 dairy cows on the B3 stock exchange, raising nearly $20,000 in credit backed by their livestock amid tighter bank lending.The project, led by agtech firm Cowmed, uses AI-powered tracking collars to create encrypted digital identities for each cow, preventing double-pledging and enabling cows to serve as movable collateral.Cowmed, which already monitors about 100,000 cows worth more than $395 million, expects up to 20% of its network to adopt this tokenized financing model, potentially unlocking $77.6 million in new agricultural credit as part of a broader push into real-world asset tokenization.　　Farmers in Parana, Brazil, struggling to get banks to loan them cash, became the first to tokenize livestock and place 10 dairy milk cows‘ tokens for trade on the country’s B3 national stock exchange. They generated nearly $20,000 in credit backed by their cattle, signaling the potential of tokenizing RWAs as a financing tool.　　The dairy cow tokenization in Brazil is a world first and serves as a test in a real-world scenario in which farmers are facing increasingly stringent lending limits imposed by local banks on small agricultural businesses.　　We take the cow, which is a real and tangible asset, and transform it into a

07-24Industry

BTC supply in profit eyes 60%, but analysis hints recovery may ‘roll back over’

Bitcoin (BTC) investors are back in aggregate profit, but onchain data suggests its too early to confirm a new bull market.　　Key points:Bitcoin supply profitability is improving, but the trend must prove its staying power before confirming a market recovery, says CryptoQuant.Supply in profit is now approaching 60%, up from its 2026 low near 46% less than a month ago.Long-term holder onchain losses continue to dominate — a caveat in a bullish recovery.　　Bitcoin profit metrics risk second false breakout　　According to onchain analytics platform CryptoQuant, Bitcoin supply in profit rebounded above the 50% mark in July.Bitcoin supply in profit. Source: CryptoQuant　　“Bitcoins Supply in Profit (%), the share of Bitcoin worth more than its acquisition price, has climbed to 57.5% as of July 22, up from 46.2% on June 30, the 2026 low,” CryptoQuant contributor thechessONCHAIN summarized.Bitcoin supply in profit data (screenshot). Source: CryptoQuant　　With nearly 60% of the BTC supply now in profit, the spent output profit ratio (SOPR) of long-term holders (LTHs) is also improving.　　LTHs are entities whose Bitcoin has remained dormant for at least six months. SOPR measures the proportion of LTH coins moving onchain at a higher price relative to their previous transaction. Values above 1 indicate coins moving onchain

07-24Industry

RWAs become Hyperliquids largest trading category

Perpetual decentralized exchange (DEX) Hyperliquids weekly trading volume in tokenized real-world assets (RWAs) exceeded that of all other asset categories combined for the first time.　　RWAs generated $25.1 billion in trading volume from July 13 to July 19, accounting for 52% of Hyperliquids total weekly volume of $48.2 billion, according to Blockworks data.　　“Hyperliquid‘s RWA market alone was larger than the combined crypto perpetual volume of every other DEX,” wrote ARK Invest’s research director for digital assets, Lorenzo Valente, in a Thursday X post.　　The milestone reflects growing demand for tokenized assets on Hyperliquid. Over the past month, RWA holders grew by 32% to 1.25 million users, while the total value of tokenized RWAs rose by 3.5% to $36.7 billion, according to data aggregator RWA.xyz.　　Hyperliquid generated $7.6 million in revenue over the past week, according to DefiLlama. The perp DEX ranked third among crypto applications by weekly revenue, behind stablecoin issuers Tether and Circle, which generated $112 million and $45 million, respectively.Hyperliquid: Perpetual Futures Volume, 2-year chart. Source: Blockworks　　Major “structural shift” for crypto markets: Circle co-founder　　Crypto-native firms and traditional financial institutions have expanded tokenized asset offerings as they bring more financial assets onto blockchain networks. In March, the NYSE partnered with tokenization platform

07-24Industry

Investment Giant Fidelity Backs Clarity Act

Investment giant Fidelity is the latest big player to back the latest version of the long-awaited Clarity Act.　　The Boston-based firms “Public Policy” account on X said Friday that it was urging the Senate to pass the bill.　　Lawmakers have been hashing out the crypto market structure bill since last year. A new improved draft circulating the Senate this week bans officials and their families from issuing or promoting crypto — a sticking point for opposition politicians.　　“The time is now for clear rules of the road that are essential to strengthening investor confidence, providing certainty for market participants, and reinforcing U.S. leadership in global digital asset markets,” the company said.　　Fidelity — which manages around $7 trillion in assets — was joined Friday by crypto advocacy groups the Crypto Council for Innovation, Blockchain Association, and the Digital Chamber, as well as the National Fraternal Order of Police and other politicians in backing the bill.　　Top asset manager Fidelity is interested in the bill as the firm manages Bitcoin and other digital asset exchange-traded funds: products which give American investors exposure to crypto via shares that trade on stock exchanges.　　The SEC approved a number of spot BTC ETFs in 2024, which have since gone on

07-24Industry

Strategys STRC tops major ETFs despite trading below $100

Strategys STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value.　　SummarySTRC has become the largest holding in three major preferred stock ETFs with $756 million invested.Institutional holdings have risen 105% as retail ownership fell from 78% to 71%.Strategy plans to issue more STRC and buy Bitcoin once the stock returns to $100.　　Michael Saylor, Strategy‘s co-founder and executive chairman, disclosed that STRC now leads the portfolios of BlackRock’s iShares Preferred and Income Securities ETF (PFF), Virtus InfraCap‘s U.S. Preferred Stock ETF (PFFA), and VanEck’s Preferred Securities ex Financials ETF (PFXF). In a July 24 X post, Saylor described the placements as evidence that Strategys “digital credit” products are entering institutional portfolios.　　Digital Credit is entering the institutional mainstream. $STRC is now the largest holding in three leading U.S. preferred stock ETFs, with $756 million held across BlackRock‘s $PFF, Virtus InfraCap’s $PFFA, and VanEcks $PFXF. 　　The three funds give investors indirect exposure to STRC alongside preferred securities issued by established U.S. companies. According to Saylors figures, their combined STRC position has reached $756 million, making the security the

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