Mizuho just downgraded Circle to Underperform, slashing its price target from $85 to $50. 📉
Per Wu Blockchain, the bank's worried OpenUSD's revenue-sharing model could force Circle into less favorable partner deals to stay competitive. Mizuho cut its 2027 EBITDA estimate for Circle by $391M, about 25% below consensus.
USDC circulation sits at ~$73B, down from ~$77B in Q1.
Read more 👇
https://www.ccn.com/news/crypto/mizuho-downgrades-circle-underperform-price-target/
Per Wu Blockchain, the bank's worried OpenUSD's revenue-sharing model could force Circle into less favorable partner deals to stay competitive. Mizuho cut its 2027 EBITDA estimate for Circle by $391M, about 25% below consensus.
USDC circulation sits at ~$73B, down from ~$77B in Q1.
Read more 👇
https://www.ccn.com/news/crypto/mizuho-downgrades-circle-underperform-price-target/
Top traders on Hyperliquid are holding their largest sustained Bitcoin long positions on record, per Glassnode data. 📊
The exposure now exceeds levels seen during BTC's run to $83K. One wallet alone holds ~$445M in crypto, including ~2,500 BTC. Total whale exposure on the platform sits around $3.5B.
Meanwhile HYPE itself is down over 2% even as the platform's open interest climbs toward $11B, RWA perps have overtaken Bitcoin as the largest category traded.
https://www.ccn.com/news/crypto/hyperliquid-bitcoin-long-positions-record-whales-bullish/
The exposure now exceeds levels seen during BTC's run to $83K. One wallet alone holds ~$445M in crypto, including ~2,500 BTC. Total whale exposure on the platform sits around $3.5B.
Meanwhile HYPE itself is down over 2% even as the platform's open interest climbs toward $11B, RWA perps have overtaken Bitcoin as the largest category traded.
https://www.ccn.com/news/crypto/hyperliquid-bitcoin-long-positions-record-whales-bullish/
The #CLARITY Act is ready for "prime time," says Senator Lummis, with a Senate floor vote expected the week of July 20. 🏛️
XRP bulls are running with it, one X post claimed "new XRP millionaires in 24 days." The math doesn't hold up though: XRP would need to hit $110, a 9,900% gain, for a $10K investment to become $1M. That implies a $6.9T market cap, 5x Bitcoin's current size.
🔎 https://www.ccn.com/news/crypto/xrp-price-110-lummis-clarity-act-pass-july-20-millionaire/
XRP bulls are running with it, one X post claimed "new XRP millionaires in 24 days." The math doesn't hold up though: XRP would need to hit $110, a 9,900% gain, for a $10K investment to become $1M. That implies a $6.9T market cap, 5x Bitcoin's current size.
🔎 https://www.ccn.com/news/crypto/xrp-price-110-lummis-clarity-act-pass-july-20-millionaire/
Ripple just joined the x402 Foundation as a Premier Member, alongside Google, Visa, Mastercard, Stripe, AWS, and Coinbase. 🤖
The protocol lets AI agents pay for things autonomously, no human approval, no bank account. XRPL has processed 1M+ agentic transactions at a fixed $0.0002 each.
Still early though: Coinbase's Base has handled 119M x402 payments already, Solana ~35M.
Read more 👇
https://www.ccn.com/news/crypto/xrp-price-ai-payments-x402-foundation-xrpl-1m-transactions/
The protocol lets AI agents pay for things autonomously, no human approval, no bank account. XRPL has processed 1M+ agentic transactions at a fixed $0.0002 each.
Still early though: Coinbase's Base has handled 119M x402 payments already, Solana ~35M.
Read more 👇
https://www.ccn.com/news/crypto/xrp-price-ai-payments-x402-foundation-xrpl-1m-transactions/
Stripe and Advent just offered $53 billion for PayPal, $60.50/share, 28% above its last close. 💳
Experts told CCN a merger could unite PayPal's 400M+ users with Stripe's stablecoin infrastructure (via its Bridge acquisition), pushing crypto payments toward the mainstream default.
Separately, analyst Michaël van de Poppe sees #Bitcoin holding $61K support and rallying to $75K-$80K in August.
https://www.ccn.com/news/crypto/stripes-53b-paypal-takeover-bid-bitcoin-adoption-80k-august/
Experts told CCN a merger could unite PayPal's 400M+ users with Stripe's stablecoin infrastructure (via its Bridge acquisition), pushing crypto payments toward the mainstream default.
Separately, analyst Michaël van de Poppe sees #Bitcoin holding $61K support and rallying to $75K-$80K in August.
https://www.ccn.com/news/crypto/stripes-53b-paypal-takeover-bid-bitcoin-adoption-80k-august/
Japan's Diet just passed a law reclassifying crypto as financial assets, on par with stocks and bonds. 🇯🇵
A companion tax reform would cut Japan's crypto tax rate from 55% to a flat 20.315% by 2028. Against ¥2,000 trillion in household savings, even a 1% shift into crypto ETFs would be ~$130B, comparable to the entire US spot Bitcoin ETF market.
CryptoQuant's Darkfost flags a separate signal: BTC supply-in-loss is nearing levels last seen at prior cycle bottoms.
Read more ⬇️
https://www.ccn.com/news/crypto/bitcoin-250k-xrp-5-japan-crypto-financial-assets-law/
A companion tax reform would cut Japan's crypto tax rate from 55% to a flat 20.315% by 2028. Against ¥2,000 trillion in household savings, even a 1% shift into crypto ETFs would be ~$130B, comparable to the entire US spot Bitcoin ETF market.
CryptoQuant's Darkfost flags a separate signal: BTC supply-in-loss is nearing levels last seen at prior cycle bottoms.
Read more ⬇️
https://www.ccn.com/news/crypto/bitcoin-250k-xrp-5-japan-crypto-financial-assets-law/
Senate math just got messy for the #CLARITY Act.
Republicans hold 52 seats after Senator Lindsey Graham's death this weekend, and Democrats Chris Murphy, Jeff Merkley, and Chris Van Hollen are refusing to supply the needed votes unless the bill addresses Trump's $1.4B in 2025 crypto income.
Ripple's Lauren Belive pushed back hard: "Voting no on the Clarity Act isn't being against the crypto industry, it's anti-consumer."
Polymarket odds on 2026 passage: down to 36%, from 82% in February.
https://www.ccn.com/news/crypto/democrats-clarity-act-corrupt-senate-vote-risk/
Republicans hold 52 seats after Senator Lindsey Graham's death this weekend, and Democrats Chris Murphy, Jeff Merkley, and Chris Van Hollen are refusing to supply the needed votes unless the bill addresses Trump's $1.4B in 2025 crypto income.
Ripple's Lauren Belive pushed back hard: "Voting no on the Clarity Act isn't being against the crypto industry, it's anti-consumer."
Polymarket odds on 2026 passage: down to 36%, from 82% in February.
https://www.ccn.com/news/crypto/democrats-clarity-act-corrupt-senate-vote-risk/
DTCC just moved tokenization from testing to live trades. Nearly 40 institutions took part, including BlackRock, Vanguard, JPMorgan, Goldman Sachs, and the NYSE. 🏦
Simon Taylor flagged the detail that matters: JPMorgan tokenized shares of QQQ, then untokenized them, proving the process works in production, not just theory.
Chainlink and Ethereum stand to benefit most directly. XRP Ledger and Stellar aren't in this pilot, but the broader institutional shift still expands their addressable market.
https://www.ccn.com/news/crypto/dtcc-tokenization-pilot-blackrock-jpmorgan-chainlink-xrp-ethereum/
Simon Taylor flagged the detail that matters: JPMorgan tokenized shares of QQQ, then untokenized them, proving the process works in production, not just theory.
Chainlink and Ethereum stand to benefit most directly. XRP Ledger and Stellar aren't in this pilot, but the broader institutional shift still expands their addressable market.
https://www.ccn.com/news/crypto/dtcc-tokenization-pilot-blackrock-jpmorgan-chainlink-xrp-ethereum/
TRON's network just hit record highs. Its token price didn't get the memo. 📊
$90B+ in USDT circulating, 385 million transactions in June, near 400 million accounts. Yet TRX has traded in a tight $0.31-$0.33 range for three weeks straight.
The level to watch: a daily close above $0.3338 could open the door to $0.3537. Below $0.3191, expect another leg down.
Read more 👇
https://www.ccn.com/analysis/crypto/tron-price-prediction-trx-breakout-0-33-network-growth/
$90B+ in USDT circulating, 385 million transactions in June, near 400 million accounts. Yet TRX has traded in a tight $0.31-$0.33 range for three weeks straight.
The level to watch: a daily close above $0.3338 could open the door to $0.3537. Below $0.3191, expect another leg down.
Read more 👇
https://www.ccn.com/analysis/crypto/tron-price-prediction-trx-breakout-0-33-network-growth/
Three different Wall Street players just made moves on crypto in the same week. 🏦
T. Rowe Price launched TKNZ, the first actively managed multi-token crypto ETP. Citadel Securities invested $400M in the exchange Crypto dot com at a $20B valuation. DTCC brought 25+ firms, including BlackRock, JPMorgan, and Goldman Sachs, into live tokenized trades.
None of it happened because Bitcoin was rallying, BTC is still down ~27% this year.
https://www.ccn.com/news/crypto/wall-street-crypto-t-rowe-price-citadel-dtcc-tokenization/
T. Rowe Price launched TKNZ, the first actively managed multi-token crypto ETP. Citadel Securities invested $400M in the exchange Crypto dot com at a $20B valuation. DTCC brought 25+ firms, including BlackRock, JPMorgan, and Goldman Sachs, into live tokenized trades.
None of it happened because Bitcoin was rallying, BTC is still down ~27% this year.
https://www.ccn.com/news/crypto/wall-street-crypto-t-rowe-price-citadel-dtcc-tokenization/
"You can't write satire this good."
That's XRP lawyer John E. Deaton reacting to reports the #CLARITY Act could collapse over an ethics dispute, just as Republicans prepare updated bill text without Democratic support. Meanwhile one analyst's math still points to $324 for XRP, based on a model assuming $1.2T in daily institutional volume flowing through the network.
Not everyone's buying it. Motley Fool just cut its own XRP target to $3.
⤵️
https://www.ccn.com/news/crypto/xrp-price-xrp-lawyer-clarity-act-die-analysts-predict-surge/
That's XRP lawyer John E. Deaton reacting to reports the #CLARITY Act could collapse over an ethics dispute, just as Republicans prepare updated bill text without Democratic support. Meanwhile one analyst's math still points to $324 for XRP, based on a model assuming $1.2T in daily institutional volume flowing through the network.
Not everyone's buying it. Motley Fool just cut its own XRP target to $3.
⤵️
https://www.ccn.com/news/crypto/xrp-price-xrp-lawyer-clarity-act-die-analysts-predict-surge/
Galaxy Digital's Mike Novogratz says #CLARITY Act talks are down to "word smithing" on the ethics clause, with 21 days left before a 5-week Senate recess.
Miss that window, and the bill could slip into 2027. One analyst says XRP should already be trading at $15 and holds a longer-term $324 target. A more measured 24/7 Wall St. estimate points to $4-8B in fresh institutional money and a possible run to $5 if the bill passes.
https://www.ccn.com/news/crypto/xrp-price-15-clarity-act-passing-deadline-xrp-rally/
Miss that window, and the bill could slip into 2027. One analyst says XRP should already be trading at $15 and holds a longer-term $324 target. A more measured 24/7 Wall St. estimate points to $4-8B in fresh institutional money and a possible run to $5 if the bill passes.
https://www.ccn.com/news/crypto/xrp-price-15-clarity-act-passing-deadline-xrp-rally/
Michael Saylor just published "110 Reasons BIP 110 Is a Bad Idea." Not a typo. 📜
His core argument: "disapproval is not invalidity." A transaction can be wasteful or offensive and still follow the rules, and using consensus changes to police that sets a precedent he calls more dangerous than the spam problem itself.
Meanwhile, analyst Doctor Profit just closed every #Bitcoin short he had, including one built between $115K-$125K, and started buying spot at $64,000.
Read more 👇
https://www.ccn.com/news/crypto/bitcoin-price-125000-michael-saylor-bip-110-analyst-reverse-bearish/
His core argument: "disapproval is not invalidity." A transaction can be wasteful or offensive and still follow the rules, and using consensus changes to police that sets a precedent he calls more dangerous than the spam problem itself.
Meanwhile, analyst Doctor Profit just closed every #Bitcoin short he had, including one built between $115K-$125K, and started buying spot at $64,000.
Read more 👇
https://www.ccn.com/news/crypto/bitcoin-price-125000-michael-saylor-bip-110-analyst-reverse-bearish/
Circle's stock fell from ~$260 to ~$62. Its president just sold $31 million worth of shares along the way.
Heath Tarbert told FOX Business the company is "playing the long game" and USDC's network effects will be hard to replicate. SEC filings tell a parallel story though: 10 separate stock sales since June 2025, and zero open-market purchases.
He still holds ~503,000 shares. #Circle
https://www.ccn.com/news/crypto/circle-president-sold-31m-crcl-shares-stock-plunge/
Heath Tarbert told FOX Business the company is "playing the long game" and USDC's network effects will be hard to replicate. SEC filings tell a parallel story though: 10 separate stock sales since June 2025, and zero open-market purchases.
He still holds ~503,000 shares. #Circle
https://www.ccn.com/news/crypto/circle-president-sold-31m-crcl-shares-stock-plunge/
Bitcoin just lost the $63,700 level that was holding its recovery together.
That breakdown opens the door to progressively lower targets: $56,500 first, then $45,000, and in the most bearish scenario, $42,000. Three separate indicators (Mayer Multiple Bands, Realized Price Bands, and the 0.5 Fib retracement) all converge on that same $40K-$50K zone as a possible cycle bottom.
Reclaiming $63,700 and clearing $66,100 would flip the picture back to bullish. For now, $42K is a credible worst case, not a confirmed one.
Full breakdown ⬇️
https://www.ccn.com/analysis/crypto/bitcoin-crash-42k-key-btc-levels/
That breakdown opens the door to progressively lower targets: $56,500 first, then $45,000, and in the most bearish scenario, $42,000. Three separate indicators (Mayer Multiple Bands, Realized Price Bands, and the 0.5 Fib retracement) all converge on that same $40K-$50K zone as a possible cycle bottom.
Reclaiming $63,700 and clearing $66,100 would flip the picture back to bullish. For now, $42K is a credible worst case, not a confirmed one.
Full breakdown ⬇️
https://www.ccn.com/analysis/crypto/bitcoin-crash-42k-key-btc-levels/
Dogecoin whales just bought 200M $DOGE (~$14M) through Robinhood while price sat flat near $0.07.
Ali Charts flagged something rarer though: the weekly TD Sequential has fired multiple consecutive buy signals, a setup that shows up when selling pressure is running out of steam. Futures open interest is up too, +3.7% to $1.08B.
The real test is $0.080. #DOGE stays below its major moving averages until it clears that.
https://www.ccn.com/analysis/crypto/dogecoin-rare-buy-signal-14m-whale-purchase/
Ali Charts flagged something rarer though: the weekly TD Sequential has fired multiple consecutive buy signals, a setup that shows up when selling pressure is running out of steam. Futures open interest is up too, +3.7% to $1.08B.
The real test is $0.080. #DOGE stays below its major moving averages until it clears that.
https://www.ccn.com/analysis/crypto/dogecoin-rare-buy-signal-14m-whale-purchase/
Peter Brandt just named an exact date for Bitcoin's bottom: October 4th, based on past cycles peaking 16-18 months after halving then bottoming about a year later. His downside target: the high-$40,000s.
CCN asked 3 AI models to weigh in too. ChatGPT: $49,500 base case. Gemini: the July low near $57,700 may already be the bottom. Claude: $38,500 in a severe scenario, but $49K-$58K more likely without a major catalyst. NYDIG's own model lands closest to Claude's bear case at $38,000-$39,000.
Brandt himself still sees $250K-$300K by 2029, this is a short-term call, not a long-term one.
Full breakdown ⬇️
https://www.ccn.com/news/crypto/bitcoin-bear-market-peter-brandt-3-ai-models-lower-think/
CCN asked 3 AI models to weigh in too. ChatGPT: $49,500 base case. Gemini: the July low near $57,700 may already be the bottom. Claude: $38,500 in a severe scenario, but $49K-$58K more likely without a major catalyst. NYDIG's own model lands closest to Claude's bear case at $38,000-$39,000.
Brandt himself still sees $250K-$300K by 2029, this is a short-term call, not a long-term one.
Full breakdown ⬇️
https://www.ccn.com/news/crypto/bitcoin-bear-market-peter-brandt-3-ai-models-lower-think/
Tom Lee says prediction markets are underestimating the CLARITY Act's odds, "PS: this is bullish," per his colleague Sean Farrell's conversations with policymakers.
He's also flagging Ethereum as an "AI downstream" asset, ETH is up 24% against a memory-chip ETF down 38% over the same period. His price math: if Bitcoin hits $250K, ETH could reach $12,000-$22,000 based on historical ratios, an 11.4x move from today's $1,930.
Read more 👇
https://www.ccn.com/news/crypto/ethereum-price-22000-tom-lee-clarity-act-bullish-ai-signal/
He's also flagging Ethereum as an "AI downstream" asset, ETH is up 24% against a memory-chip ETF down 38% over the same period. His price math: if Bitcoin hits $250K, ETH could reach $12,000-$22,000 based on historical ratios, an 11.4x move from today's $1,930.
Read more 👇
https://www.ccn.com/news/crypto/ethereum-price-22000-tom-lee-clarity-act-bullish-ai-signal/
"Bitcoin is not in there because it's really not one of those revenue-generating protocols that we think belongs in this index."
That's S&P Dow Jones CEO Cathy Clay explaining why #Bitcoin (and XRP) got excluded from the new S&P Pantera Digital Asset Index, which instead leads with Ethereum, BNB, Solana, Tron, and Hyperliquid. The decision has crypto Twitter split over whether "revenue" is even the right lens for judging a network like Bitcoin.
Separately, Motley Fool's Reuben Gregg Brewer notes a 60% drop from BTC's record high would land near $49,900, an 80% drop near $24,950. Getting to $20,000 would mean a 84% decline, just past Bitcoin's worst historical drawdown.
https://www.ccn.com/news/crypto/bitcoin-price-20000-bitcoin-sps-new-crypto-index-crash-fears-return/
That's S&P Dow Jones CEO Cathy Clay explaining why #Bitcoin (and XRP) got excluded from the new S&P Pantera Digital Asset Index, which instead leads with Ethereum, BNB, Solana, Tron, and Hyperliquid. The decision has crypto Twitter split over whether "revenue" is even the right lens for judging a network like Bitcoin.
Separately, Motley Fool's Reuben Gregg Brewer notes a 60% drop from BTC's record high would land near $49,900, an 80% drop near $24,950. Getting to $20,000 would mean a 84% decline, just past Bitcoin's worst historical drawdown.
https://www.ccn.com/news/crypto/bitcoin-price-20000-bitcoin-sps-new-crypto-index-crash-fears-return/
9% up in July. Nasdaq down 6% over the same stretch.
That gap is part of why Bitwise CIO Matt Hougan says #Bitcoin is "finally showing signs of a bottom," and the next bull run could be crypto's biggest yet, powered by stablecoins, tokenized assets, and institutional DeFi.
Bitcoin Archive points to a specific signal: BTC supply-in-loss just dropped below 43%, a trigger with a 100% hit rate the last 6 times, pointing to $92,000 by September 9.
Grayscale isn't so sure, its own model says a bottom might not arrive until September or October.
Read more 👇
https://www.ccn.com/news/crypto/bitcoin-bitwise-ceo-biggest-bull-market-yet/
That gap is part of why Bitwise CIO Matt Hougan says #Bitcoin is "finally showing signs of a bottom," and the next bull run could be crypto's biggest yet, powered by stablecoins, tokenized assets, and institutional DeFi.
Bitcoin Archive points to a specific signal: BTC supply-in-loss just dropped below 43%, a trigger with a 100% hit rate the last 6 times, pointing to $92,000 by September 9.
Grayscale isn't so sure, its own model says a bottom might not arrive until September or October.
Read more 👇
https://www.ccn.com/news/crypto/bitcoin-bitwise-ceo-biggest-bull-market-yet/
Coinbase CEO Brian Armstrong returned to Capitol Hill, calling the CLARITY Act "at the one-yard line." Senate Republicans released new ethics language Trump agreed to, though no Democrats have signed on yet.
Former CFTC Chair Christopher Giancarlo says there's a "greater than 50%" chance the bill fails, and calls that outcome "okay."
For XRP, the price debate is stark: one analyst's long-term target is $27, another predicts sub-$1 within 5 years. XRP trades at $1.13 today.
Full breakdown 👇
https://www.ccn.com/news/crypto/xrp-clarity-act-make-or-break-talks-coinbase-ceo/
Former CFTC Chair Christopher Giancarlo says there's a "greater than 50%" chance the bill fails, and calls that outcome "okay."
For XRP, the price debate is stark: one analyst's long-term target is $27, another predicts sub-$1 within 5 years. XRP trades at $1.13 today.
Full breakdown 👇
https://www.ccn.com/news/crypto/xrp-clarity-act-make-or-break-talks-coinbase-ceo/