๐จ A whale who bought 9,400 ETH around $4,310 four years ago has finally capitulated, selling at an average price of $1,780 and locking in a loss of roughly $24M
Thatโs a painful reminder of how brutal the ETH cycle has been for many long-term holders.
Crypto Twitter is joking that Vitalik wanted โcheap ETH,โ and the market delivered a little too well. But beneath the memes, the story highlights how difficult it has been for investors who bought near the previous cycleโs highs and held through years of underperformance.
One whale gave up. The bigger question is whether this is another capitulation signal โ or just one exhausted holder finally deciding theyโve had enough. ๐
Thatโs a painful reminder of how brutal the ETH cycle has been for many long-term holders.
Crypto Twitter is joking that Vitalik wanted โcheap ETH,โ and the market delivered a little too well. But beneath the memes, the story highlights how difficult it has been for investors who bought near the previous cycleโs highs and held through years of underperformance.
One whale gave up. The bigger question is whether this is another capitulation signal โ or just one exhausted holder finally deciding theyโve had enough. ๐
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๐ฌ Eric Trump has turned bullish on crypto... again
Crypto traders have started treating Eric Trump's optimism as a tongue-in-cheek contrarian indicator.
Last year, he called it a great time to buy ETHโshortly before a sharp correction. Later, he celebrated Ethereum short liquidations, and the market dropped once again.
Now he's back with another bullish post, and Crypto Twitter is joking that it may be time to brace for volatility. ๐ณ
Meanwhile, American Bitcoin Corp, where Eric serves as Chief Strategy Officer, has reportedly lost more than 95% of its value from its peak, wiping out over $600M in market cap. While many mining companies pivoted toward AI infrastructure, the firm stayed focused on Bitcoin mining and accumulation, eventually carrying out a reverse stock split to avoid delisting.
Maybe the market should start fading Eric's tweets. ๐
Crypto traders have started treating Eric Trump's optimism as a tongue-in-cheek contrarian indicator.
Last year, he called it a great time to buy ETHโshortly before a sharp correction. Later, he celebrated Ethereum short liquidations, and the market dropped once again.
Now he's back with another bullish post, and Crypto Twitter is joking that it may be time to brace for volatility. ๐ณ
Meanwhile, American Bitcoin Corp, where Eric serves as Chief Strategy Officer, has reportedly lost more than 95% of its value from its peak, wiping out over $600M in market cap. While many mining companies pivoted toward AI infrastructure, the firm stayed focused on Bitcoin mining and accumulation, eventually carrying out a reverse stock split to avoid delisting.
Maybe the market should start fading Eric's tweets. ๐
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๐ฎ๐ท Iran's Parliament has approved a bill introducing transit tolls through the Strait of Hormuz payable in BTC, stablecoins, and Chinese yuan
The proposal also formally asserts Iran's sovereign control over the strait and restricts passage for what it defines as "hostile vessels." ๐ข ๐
The proposal also formally asserts Iran's sovereign control over the strait and restricts passage for what it defines as "hostile vessels." ๐ข ๐
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๐ฅ For more than a decade, Bitcoin has followed a surprisingly consistent cycle:
๐ Bull market: ~1,064 days
๐คฉ Bear market: ~365 days
While no cycle repeats perfectly, this pattern has held up across multiple market phases and remains one of the most closely watched timing models in crypto.
If history continues to rhyme, the current cycle could be approaching another major turning point.
Of course, macro conditions, regulation, and liquidity can always change the scriptโbut historical cycles are worth keeping on your radar.
Believe it? Or just another chart that works... until it doesn't? ๐
๐ Bull market: ~1,064 days
While no cycle repeats perfectly, this pattern has held up across multiple market phases and remains one of the most closely watched timing models in crypto.
If history continues to rhyme, the current cycle could be approaching another major turning point.
Of course, macro conditions, regulation, and liquidity can always change the scriptโbut historical cycles are worth keeping on your radar.
Believe it? Or just another chart that works... until it doesn't? ๐
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๐ Bitcoin climbed to $64,000 after U.S. inflation came in cooler than expected
June CPI fell 0.4% MoM versus expectations of a 0.1% decline, while annual inflation came in at 3.5%, below the 3.8% forecast. ๐ง
Core inflation was also softer than expected, remaining flat on a monthly basis instead of rising 0.2%, with the annual rate at 2.6% versus the expected 2.8%.
Following the report, Fed Chair Kevin Warsh reiterated that the Fed remains committed to keeping inflation under control, adding that the U.S. labor market is still broadly stable.
Lower-than-expected inflation gave risk assets a boost, with Bitcoin quickly reclaiming the $64K level. ๐
June CPI fell 0.4% MoM versus expectations of a 0.1% decline, while annual inflation came in at 3.5%, below the 3.8% forecast. ๐ง
Core inflation was also softer than expected, remaining flat on a monthly basis instead of rising 0.2%, with the annual rate at 2.6% versus the expected 2.8%.
Following the report, Fed Chair Kevin Warsh reiterated that the Fed remains committed to keeping inflation under control, adding that the U.S. labor market is still broadly stable.
Lower-than-expected inflation gave risk assets a boost, with Bitcoin quickly reclaiming the $64K level. ๐
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๐ Wu Blockchain compared Bitcoin bear market bottom forecasts from banks, research firms, and major crypto influencers.
Most institutional estimates cluster around two key ranges: $50Kโ60K and $40Kโ46K.
๐น Standard Chartered believes the bottom may have already formed near $59K.
๐น Galaxy Research expects BTC could still revisit the $40Kโ46K range.
Predictions below $40K are generally tied to severe recession scenarios and a prolonged bear market.
Wu Blockchain also notes that these forecasts aren't directly comparable. Some represent expected cycle bottoms, others highlight technical support levels, on-chain valuation models, or worst-case macro scenarios.
The takeaway? While opinions differ, most institutional forecasts remain concentrated well above the extreme bearish targets. ๐
Most institutional estimates cluster around two key ranges: $50Kโ60K and $40Kโ46K.
๐น Standard Chartered believes the bottom may have already formed near $59K.
๐น Galaxy Research expects BTC could still revisit the $40Kโ46K range.
Predictions below $40K are generally tied to severe recession scenarios and a prolonged bear market.
Wu Blockchain also notes that these forecasts aren't directly comparable. Some represent expected cycle bottoms, others highlight technical support levels, on-chain valuation models, or worst-case macro scenarios.
The takeaway? While opinions differ, most institutional forecasts remain concentrated well above the extreme bearish targets. ๐
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Crypto soothsayer
๐ Bitcoin climbed to $64,000 after U.S. inflation came in cooler than expected June CPI fell 0.4% MoM versus expectations of a 0.1% decline, while annual inflation came in at 3.5%, below the 3.8% forecast. ๐ง Core inflation was also softer than expected,โฆ
๐ Bitcoin continues its rally after the better-than-expected U.S. inflation report, climbing to the $65K area
The move caught many bears off guard, triggering a wave of short liquidations. Over the past 24 hours, more than $278 million in BTC short positions have been wiped out.
Cooling inflation has strengthened expectations for a more favorable macro environment, giving risk assets another boost. For now, the bulls are back in controlโbut volatility remains high, so buckle up. ๐
The move caught many bears off guard, triggering a wave of short liquidations. Over the past 24 hours, more than $278 million in BTC short positions have been wiped out.
Cooling inflation has strengthened expectations for a more favorable macro environment, giving risk assets another boost. For now, the bulls are back in controlโbut volatility remains high, so buckle up. ๐
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๐ค What are Ethereum holders doing during the bear market?
Staking. ๐ฐ
Despite the weak price action, the share of ETH locked in staking has reached a new all-time high of 33.7%, according to Token Terminal. ๐ง
The trend suggests that many investors are choosing to earn yield and hold for the long term rather than sell into market weakness.
Whether this signals growing confidence or simply a lack of better alternatives, one thing is clear: a record share of Ethereum's supply is now committed to staking instead of sitting on the market. ๐
Staking. ๐ฐ
Despite the weak price action, the share of ETH locked in staking has reached a new all-time high of 33.7%, according to Token Terminal. ๐ง
The trend suggests that many investors are choosing to earn yield and hold for the long term rather than sell into market weakness.
Whether this signals growing confidence or simply a lack of better alternatives, one thing is clear: a record share of Ethereum's supply is now committed to staking instead of sitting on the market. ๐
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๐ Ripple has launched a transparent truck in Washington, D.C. to promote the CLARITY Act
The truck is driving around the U.S. capital with one simple message: the crypto industry is waiting for regulatory clarity.
As lawmakers continue debating the bill, Ripple is taking its campaign directly to the streets, highlighting the industry's push for clear rules that could shape the future of digital assets in the United States. ๐บ๐ธ
The truck is driving around the U.S. capital with one simple message: the crypto industry is waiting for regulatory clarity.
As lawmakers continue debating the bill, Ripple is taking its campaign directly to the streets, highlighting the industry's push for clear rules that could shape the future of digital assets in the United States. ๐บ๐ธ
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๐ฆ A former Ethereum Foundation team focused on institutional privacy has launched a new company, EthSystems
The venture is backed by Ethereum co-founder Joseph Lubin, along with Bitmine and SharpLink. ๐๐ฐ
EthSystems will build privacy-focused infrastructure that allows banks, asset managers, and other institutions to use Ethereum while keeping transactions confidential. ๐
The team previously worked within the Ethereum Foundation on private stablecoins, ZK-powered bonds, cross-chain settlement, and other technologies aimed at accelerating institutional adoption of Ethereum.
The venture is backed by Ethereum co-founder Joseph Lubin, along with Bitmine and SharpLink. ๐๐ฐ
EthSystems will build privacy-focused infrastructure that allows banks, asset managers, and other institutions to use Ethereum while keeping transactions confidential. ๐
The team previously worked within the Ethereum Foundation on private stablecoins, ZK-powered bonds, cross-chain settlement, and other technologies aimed at accelerating institutional adoption of Ethereum.
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๐ Bitcoin's CVDD on-chain indicator currently sits at around $48,500
Historically, the 2018 and 2022 cycle bottoms formed almost exactly at the CVDD level, making it one of the most respected long-term valuation metrics.
If history repeats, Bitcoin could establish its cycle low slightly below the psychological $50K mark.
Of course, no indicator is perfect, and macro conditions can always override historical patterns. Still, CVDD remains one of the key on-chain models investors are watching for signs of a long-term bottom. ๐
Historically, the 2018 and 2022 cycle bottoms formed almost exactly at the CVDD level, making it one of the most respected long-term valuation metrics.
If history repeats, Bitcoin could establish its cycle low slightly below the psychological $50K mark.
Of course, no indicator is perfect, and macro conditions can always override historical patterns. Still, CVDD remains one of the key on-chain models investors are watching for signs of a long-term bottom. ๐
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๐ The great redistribution of old Bitcoin is nearly complete, according to Galaxy Digital
Between 2024 and 2025, long-term holders moved the largest amount of dormant BTC since 2017. However, activity from older coins has dropped significantly in 2026, suggesting that most of the redistribution has already taken place.
With fewer long-dormant coins returning to circulation, one of the major sources of potential selling pressure may be fadingโleaving the market increasingly in the hands of newer holders. ๐
Between 2024 and 2025, long-term holders moved the largest amount of dormant BTC since 2017. However, activity from older coins has dropped significantly in 2026, suggesting that most of the redistribution has already taken place.
With fewer long-dormant coins returning to circulation, one of the major sources of potential selling pressure may be fadingโleaving the market increasingly in the hands of newer holders. ๐
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Six VC-backed blockchains that raised a combined ~$500M generated just $360 in daily fees! ๐
According to a viral analysis highlighted by Protos, projects including Berachain, Celestia, Scroll, Eclipse, Sonic, and Manta have seen activity collapse after the hype faded. ๐
Some examples:
๐น Scroll, once valued at $1.8B, generated just $24 in daily fees.
๐น BERA is down 98% from its post-launch highs despite raising $142M.
๐น Manta's TVL fell from over $650M around its airdrop to roughly $4M today.
The story is a reminder that raising hundreds of millionsโand even launching a successful airdropโdoesn't guarantee long-term users, revenue, or sustainable demand. ๐ต๐คท
According to a viral analysis highlighted by Protos, projects including Berachain, Celestia, Scroll, Eclipse, Sonic, and Manta have seen activity collapse after the hype faded. ๐
Some examples:
๐น Scroll, once valued at $1.8B, generated just $24 in daily fees.
๐น BERA is down 98% from its post-launch highs despite raising $142M.
๐น Manta's TVL fell from over $650M around its airdrop to roughly $4M today.
The story is a reminder that raising hundreds of millionsโand even launching a successful airdropโdoesn't guarantee long-term users, revenue, or sustainable demand. ๐ต๐คท
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๐ Bitcoin Holds Key Support โ Is $128K Next?
Bitcoin bounced 4% from the $61.6K support level (Q1) in the Power Law model and has already climbed back toward the Q3 zone.
๐ According to this on-chain framework, BTC is still trading in a deep accumulation range (below Q25), where previous cycles often marked the start of stronger rallies.
๐ฏ If history repeats:
โข ~90 days: potential move toward $87K (Q19)
โข ~1 year: potential climb to $128Kโ129K (Q36)
This isn't a guarantee of a straight move higherโvolatility and pullbacks remain likely. However, the strong defense of the $61Kโ62K support zone keeps the bullish scenario intact, provided macro conditions and unexpected political or stock market shocks don't derail momentum. ๐
Bitcoin bounced 4% from the $61.6K support level (Q1) in the Power Law model and has already climbed back toward the Q3 zone.
๐ According to this on-chain framework, BTC is still trading in a deep accumulation range (below Q25), where previous cycles often marked the start of stronger rallies.
๐ฏ If history repeats:
โข ~90 days: potential move toward $87K (Q19)
โข ~1 year: potential climb to $128Kโ129K (Q36)
This isn't a guarantee of a straight move higherโvolatility and pullbacks remain likely. However, the strong defense of the $61Kโ62K support zone keeps the bullish scenario intact, provided macro conditions and unexpected political or stock market shocks don't derail momentum. ๐
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๐ฑ ZachXBT: A Dedicated iPhone May Be Safer Than a Hardware Wallet
๐ต๏ธโโ๏ธ Blockchain investigator ZachXBT sparked debate after calling hardware wallets "useless junk," saying he doesn't recommend them for either signing transactions or storing crypto.
Instead, he argues that a dedicated iPhone used exclusively as a crypto wallet can offer stronger real-world security. An isolated device with no everyday use may reduce attack surfaces and attract less attention than a recognizable hardware wallet. ๐ค
Of course, opinions on wallet security vary, and there's no one-size-fits-all solution. But the discussion is a good reminder that operational security (OpSec) often matters just as much as the wallet itself.
๐ต๏ธโโ๏ธ Blockchain investigator ZachXBT sparked debate after calling hardware wallets "useless junk," saying he doesn't recommend them for either signing transactions or storing crypto.
Instead, he argues that a dedicated iPhone used exclusively as a crypto wallet can offer stronger real-world security. An isolated device with no everyday use may reduce attack surfaces and attract less attention than a recognizable hardware wallet. ๐ค
Of course, opinions on wallet security vary, and there's no one-size-fits-all solution. But the discussion is a good reminder that operational security (OpSec) often matters just as much as the wallet itself.
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๐ A Bitcoin investor who bought 5,908 BTC for $98 million near the 2017 market peak finally moved the coins after 8.5 years
The purchase was made when BTC traded around $16.6K, just days before the market crashed more than 80%. Despite the brutal drawdown, the investor never sold.
By July 15, with Bitcoin trading near $64.6K, the stash had grown to $381.5 millionโa profit of over $283 million and nearly a 4x return. ๐
Patience clearly paid off... although selling now might prove a little too early if this cycle still has another major leg up ahead. ๐
The purchase was made when BTC traded around $16.6K, just days before the market crashed more than 80%. Despite the brutal drawdown, the investor never sold.
By July 15, with Bitcoin trading near $64.6K, the stash had grown to $381.5 millionโa profit of over $283 million and nearly a 4x return. ๐
Patience clearly paid off... although selling now might prove a little too early if this cycle still has another major leg up ahead. ๐
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๐จ Ostium Exploited for ~$24M
Ostium has suffered a ~$24 million exploit after an attacker manipulated the protocol's price oracle, feeding fake market data that created artificial profits on open positions. The system paid out these fake gains directly from the liquidity pool.
๐ฅท The attacker also held a share of the pool, allowing them to repeatedly drain funds. In just a few transactions, the pool lost 72.5% of its reserves, dropping from $32.7M to $9M. The stolen 12,000 ETH has already been moved through Tornado Cash.
๐ Ostium has paused trading and withdrawals, stating that trader deposits were not affectedโthe losses were limited to the liquidity pool.
If you've used Ostium, keep an eye on official updates. And once again, the incident is a reminder: DeFi carries real smart contract and infrastructure risks. Avoid keeping large amounts in protocols unless necessary.
Ostium has suffered a ~$24 million exploit after an attacker manipulated the protocol's price oracle, feeding fake market data that created artificial profits on open positions. The system paid out these fake gains directly from the liquidity pool.
๐ฅท The attacker also held a share of the pool, allowing them to repeatedly drain funds. In just a few transactions, the pool lost 72.5% of its reserves, dropping from $32.7M to $9M. The stolen 12,000 ETH has already been moved through Tornado Cash.
๐ Ostium has paused trading and withdrawals, stating that trader deposits were not affectedโthe losses were limited to the liquidity pool.
If you've used Ostium, keep an eye on official updates. And once again, the incident is a reminder: DeFi carries real smart contract and infrastructure risks. Avoid keeping large amounts in protocols unless necessary.
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๐ Tokenized Stocks Are Booming While Crypto Lags
On-chain trading volume for tokenized stocks hit a new all-time high of $3.47 billion in June 2026, highlighting the growing demand for blockchain-based exposure to traditional equities.
The trend is being driven in part by the ongoing crypto bear market, while traditional financial markets continue to push fresh highs. The AI boom has been a major catalyst for equities, but it's far from the only oneโjust look at gold, which has also enjoyed a massive rally.
As investors chase stronger-performing assets, tokenized stocks are emerging as a bridge between TradFi and crypto, allowing users to access booming equity markets without leaving the blockchain. ๐
On-chain trading volume for tokenized stocks hit a new all-time high of $3.47 billion in June 2026, highlighting the growing demand for blockchain-based exposure to traditional equities.
The trend is being driven in part by the ongoing crypto bear market, while traditional financial markets continue to push fresh highs. The AI boom has been a major catalyst for equities, but it's far from the only oneโjust look at gold, which has also enjoyed a massive rally.
As investors chase stronger-performing assets, tokenized stocks are emerging as a bridge between TradFi and crypto, allowing users to access booming equity markets without leaving the blockchain. ๐
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๐ SpaceX Shares Fall Below IPO Price
SpaceX stock has closed below its $135 IPO price for the first time, setting a new all-time closing low. ๐ง
The shares are now down by around one-third from their post-listing peak, marking a sharp reversal after the initial hype surrounding the IPO.
๐คท For investors who rushed in on launch day, the ride has been anything but smooth. Another reminder that even the strongest brands aren't immune to market correctionsโespecially when expectations get priced in too quickly.
SpaceX stock has closed below its $135 IPO price for the first time, setting a new all-time closing low. ๐ง
The shares are now down by around one-third from their post-listing peak, marking a sharp reversal after the initial hype surrounding the IPO.
๐คท For investors who rushed in on launch day, the ride has been anything but smooth. Another reminder that even the strongest brands aren't immune to market correctionsโespecially when expectations get priced in too quickly.
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๐บ Trump's Posts Are Becoming a Trading Product
Trump Media & Technology Group has unveiled Truth API, a new service that gives trading firms millisecond access to Donald Trump's Truth Social posts before they're broadly distributed. ๐
The company says the API is part of its strategy to monetize its ecosystem and has already signed its first customers ahead of the official launch in August. ๐
๐ The idea isn't as crazy as it sounds. Trump's posts have repeatedly moved financial markets, with algorithmic trading systems reacting instantly to his comments on geopolitics, stocks, and crypto. In one example, Bitcoin jumped 6% within minutes after a post about potential U.S.-Iran peace talks.
Trump Media & Technology Group has unveiled Truth API, a new service that gives trading firms millisecond access to Donald Trump's Truth Social posts before they're broadly distributed. ๐
The company says the API is part of its strategy to monetize its ecosystem and has already signed its first customers ahead of the official launch in August. ๐
๐ The idea isn't as crazy as it sounds. Trump's posts have repeatedly moved financial markets, with algorithmic trading systems reacting instantly to his comments on geopolitics, stocks, and crypto. In one example, Bitcoin jumped 6% within minutes after a post about potential U.S.-Iran peace talks.
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๐ Crypto VC Funding Is Drying Up... And That's Not Necessarily Bad
This month is on track to record the lowest level of crypto venture funding since 2020. While that may sound bearish, many see it as a healthy reset for the industry.
When capital becomes scarce, projects with no real product or sustainable business model struggle to survive, while talented developers and resources naturally shift toward stronger teams building real technology.
History has shown that major slowdowns in crypto funding are often followed by waves of meaningful innovation. Less hype, fewer cash grabs, and more focus on shipping products could ultimately leave the ecosystem in a much stronger position. ๐
This month is on track to record the lowest level of crypto venture funding since 2020. While that may sound bearish, many see it as a healthy reset for the industry.
When capital becomes scarce, projects with no real product or sustainable business model struggle to survive, while talented developers and resources naturally shift toward stronger teams building real technology.
History has shown that major slowdowns in crypto funding are often followed by waves of meaningful innovation. Less hype, fewer cash grabs, and more focus on shipping products could ultimately leave the ecosystem in a much stronger position. ๐
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