Mois : juillet 2025

Alors que les marchés de cryptomonnaies sont à la fête, les marchés boursiers sont dans l’expectative cette semaine, sur fond de tensions commerciales persistantes entre les États-Unis et l’Union européenne. Du côté des entreprises, les publications des résultats du deuxième trimestre se poursuivent, tandis que le marché des NFT crée la surprise avec un rebond inattendu de ses volumes. À quoi s’attendre dans les jours à venir ?

L’article Crypto & Bourse : ce qu’il ne faut pas manquer pour la semaine du 21 au 27 juillet est apparu en premier sur Cryptoast.

Si le marché des tokens non fongibles (NFT) était exsangue depuis plusieurs mois, la hausse des cours semble lui avoir redonné de l’élan. Quelles sont les collections qui portent le secteur et cela va-t-il durer ?

L’article 6,37 milliards de dollars : le marché des NFT repartirait-il enfin ? est apparu en premier sur Cryptoast.

Les memecoins regagnent progressivement en force ces derniers jours. Une dynamique alimentée par des perspectives haussières pour ethereum depuis quelques semaines. À l’approche du Bull Run des memecoins et de son positionnement comme la narrative la plus tendance, quel sera le prochain XRP ou PENGU à inscrire d’importantes performances ?

Les memecoins : un secteur frappé de plein fouet ces derniers mois

Après l’élection de Donald Trump, les memecoins ont connu une expansion historique comme jamais auparavant dans l’industrie crypto. La capitalisation boursière cumulant la valeur de l’ensemble des memecoins a explosé en fin d’année 2024, dépassant sur quelques jours les 135 milliards de dollars.

Après un hiver memecoin les premiers mois de 2025, le secteur marque son plus haut sommet depuis début avril, date à laquelle Donald Trump a perturbé le marché avec son Liberation Day.

Cette remontée progressive des memecoins ne se fait pas en solitaire. Cette hausse est alimentée par des perspectives favorables à une expansion du marché durant les prochains mois, la reprise en force d’ethereum et le rebond de Solana, ce que nous allons voir dans la suite de cet article.

Solana et ethereum alimentent le retour du marché memecoin

Cette reprise en force des memecoins ne survient pas de manière inopinée, bien au contraire. Deux facteurs sont à prendre en compte dans le rebond des actifs de cette narrative.

D’une part, ethereum joue un rôle concret dans le rebond des cryptomonnaies. Franchissant la zone des 3 500 dollars, et BlackRock ayant déposé une demande pour l’intégration du staking dans l’ETF ethereum spot, la liquidité fait progressivement son retour sur la plus importante blockchain de la DeFi.

D’autre part, nous avons Solana. L’écosystème regagne en forme, le TGE de PumpFun a eu lieu (débouchant toutefois sur une baisse, LetsBonk cannibalise les parts de marché et des memecoins comme PENGU ou FARTCOIN sont en pleine hausse.

Tout cela alimente très clairement le retour des liquidités sur les memecoins. Certains actifs comme DOGE ou SHIB rebondissent. Mais alors, quel serait le prochain XRP ou PENGU en matière de performances ? Faisons le point.

Le prochain PENGU ou XRP est déjà disponible : Bitcoin Hyper

Avec le déplacement des liquidités du bitcoin vers les altcoins, certaines opportunités se dessinent sur le marché. L’actif qui a toutes ses chances pour performer sur le long terme, c’est le $HYPER du projet Bitcoin Hyper. Ce dernier propose le tout premier Layer 2 Bitcoin, reposant sur une architecture technique avancée.

Derrière cette initiative repose la volonté d’apporter la DeFI sur Bitcoin, déployer différentes narratives comme les NFT ou les memecoins. Avec un écosystème qui est vide sur ces sujets, la réussite de Bitcoin Hyper pourrait attirer les liquidités. L’occasion de faire émerger un nouveau hub Web 3 pour le staking, le lending ou les swaps ?

Ainsi, il est essentiel de surveiller Bitcoin Hyper durant les prochains mois. Levant plusieurs millions de dollars à ce jour, son déploiement sur les plateformes d’échange dans le cadre du Bull Run actuel pourrait déboucher sur de très belles performances. Bien que la capitalisation de PENGU ou XRP soit bien loin, nous pouvons toujours être surpris de ce qui se passe dans l’industrie. Déployer un Layer 2 fonctionnel sur BTC ouvrira un marché de plusieurs milliers de milliards de dollars.

Cet article ne représente en aucun cas un conseil en investissement. Les informations fournies ici ne doivent pas être utilisées comme base pour prendre des décisions financières. Les investissements en crypto-monnaie comportent des risques et peuvent entraîner des pertes importantes. Il convient d’investir uniquement ce que vous pouvez vous permettre de perdre et d’effectuer vos propres recherches avant de prendre toute décision d’investissement.

Sur le même sujet :

ETF spot ethereum avec staking : BlackRock donne le top départ du Bull Run des cryptomonnaies

Loi GENIUS adoptée : pourquoi XRP et ETH en sortent gagnants

Les baleines reviennent sur ETH : 5,5 milliards de dollars injectés

The post Découvrez le prochain XRP et PENGU à l’approche du Bull Run memecoin appeared first on Cryptonews France.

En 2025, un tournant s’opère : les régulateurs accélèrent, les États s’organisent, et les plateformes s’adaptent. Le temps du “no rules, just gains” semble révolu. D’après Chainalysis, 5 chiffres suffisent à comprendre pourquoi la régulation devient inévitable. Et pourquoi elle pourrait redessiner le marché.

70 % des pays ne respectent pas les normes anti-blanchiment

Selon Chainalysis, 7 pays sur 10 ne sont toujours pas conformes à la Recommandation 15, qui impose aux acteurs crypto de suivre des règles similaires aux banques en matière d’AML (Anti-Money Laundering) et CFT (Countering the Financing of Terrorism).

Autrement dit, la majorité des juridictions n’exige pas encore l’identification systématique des clients ni la surveillance des flux suspects. Un manque de cadre qui complique la traçabilité, facilite les arnaques, et dissuade les investisseurs.

Jusqu’à 98 % des fonds clients désormais sécurisés en cold wallets

L’effondrement de géants comme FTX, Celsius ou BlockFi a provoqué un choc de confiance. Des milliards perdus, des utilisateurs ruinés, et une vérité : sans garde-fous, même les plus gros peuvent s’écrouler.

En réponse, plusieurs juridictions ont imposé des standards de sécurité inédits. Hong Kong oblige désormais les exchanges à stocker 98 % des fonds clients hors ligne, sur des cold wallets. Singapour suit avec 90 %, la Corée du Sud avec 80 %. Cette approche limite drastiquement les risques de piratage et de mauvaise gestion.

8,5 % des tokens listés sur DEX montrent des signes de manipulation

Chainalysis révèle qu’en 2024, près d’un token sur dix sur les DEX (échanges décentralisés) présentait des indices de pump & dump : un schéma classique où un groupe gonfle artificiellement le prix d’un token pour le revendre au sommet, avant de laisser les petits investisseurs en perte.

Face à ces abus, certains pays prennent les devants. La Corée du Sud punie désormais ces pratiques, tandis que l’Union européenne prévoit une surveillance renforcée via MiCA. Car sans intégrité des marchés, la crypto reste un casino.

2,6 milliards de dollars générés par le wash trading en 2024

Le wash trading consiste à simuler un volume d’échange artificiel en faisant transiter un même actif entre deux comptes contrôlés par la même entité. Objectif : attirer les investisseurs en donnant l’illusion de liquidité ou de popularité.

En 2024, cette pratique a représenté 2,6 milliards de dollars de faux volumes, principalement sur les NFT et les memecoins. Un chiffre alarmant, qui pousse de plus en plus de régulateurs à encadrer les plateformes… y compris décentralisées.

Ces pays qui régulent sérieusement (et concrètement)

Certains pays ne se contentent plus de promesses : ils construisent un cadre clair et structuré.

Les États-Unis, avancent avec le Clarity Act. Un texte destiné à clarifier le statut légal des crypto-actifs et poser les bases d’une régulation fédérale cohérente – un pas crucial pour rassurer les marchés et structurer l’écosystème.

La France, avec le règlement MiCA, impose un enregistrement obligatoire des plateformes, des obligations de transparence, et des audits de sécurité.

La Corée du Sud combine réglementation stricte et outils technologiques : surveillance 24h/24 des marchés, criminalisation du délit d’initié et du wash trading.

Hong Kong impose non seulement le cold storage quasi total des fonds clients, mais exige aussi une assurance obligatoire contre les pertes.

Singapour, de son côté, a interdit la publicité directe aux particuliers et impose des tests de connaissance pour les nouveaux investisseurs.

À l’inverse, des pays comme le Vietnam, l’Australie, le Brésil ou encore le Nigeria n’ont toujours aucun cadre clair en place pour encadrer les actifs numériques.

Et dans cette course à la confiance, le retard pourrait coûter très cher, en termes d’innovations perdues, de fuite de capitaux… ou de scandales évitables.

La révolution crypto continue, mais elle change de visage. Les règles ne tuent pas l’innovation : elles la crédibilisent. Et ironie du sort : cet écosystème né pour fuir les institutions centralisées semble aujourd’hui fleurir grâce à elles. En 2025, celui qui veut bâtir un projet solide ne cherche plus à échapper à la loi… mais à s’y inscrire intelligemment.

Source : Chainalysis

Sur le même sujet :

Se dirige-t-on vers une régulation mondiale de la crypto ?

Licence MiCA pour Ripple ? XRP et RLUSD à la conquête de l’Union européenne

Loi GENIUS adoptée : pourquoi XRP et ETH en sortent gagnants

The post Crypto sous contrôle : 5 chiffres qui enterrent le Far West mondial appeared first on Cryptonews France.

By Francisco Rodrigues (All times ET unless indicated otherwise)

While bitcoin (BTC) is pretty much back to where it was 24 hours ago, ether (ETH) and XRP (XRP) extended their gains after the House of Representatives passed the first major crypto regulatory initiative in the U.S. even though the legislation is aimed at stablecoins. It’s the knock-on effect that spurred trading activity. More about that later.

While the second- and third-largest cryptocurrencies have outpaced their larger rival in the past seven and 30 days, it’s worth noting BTC has climbed more than 40% in the past three months and hit a new record high. Market participants are betting the party isn’t over yet, the derivatives market shows.

Bitcoin’s options market now carries a $2.36 billion wager the price will clear $140,000, data from Deribit shows. That single strike price holds the most open interest on the exchange, double the OI of the busiest put option, or bet on a decline.

Ether options show a similar pattern. The $4,000 call leads with $651 million in open interest, and another $280 million is targeting $6,000. The data shows how heavily the market is tilting bullish even after ETH surged more than 125% in just three months.

As the prices rise, the money flows in. Spot bitcoin ETFs have already brought in $5.41 billion this month, the most since November 2024, when President Donald Trump was elected on a pro-crypto platform. Spot ether ETFs saw net inflows of $2.88 billion, the highest since August 2024, SoSoValue data shows. As an aside, to underpin the altcoin narrative, net inflows into the ether ETFs beat those for bitcoin ETFs yesterday.

To Boris Alergant, the head of institutional partnerships at Babylon Labs, these flows underscore “the shift from speculative retail to long-term institutional allocation.”

The regulatory environment is part of the story. The GENIUS Act, expected to be signed into law later today, tightens rules for yield-bearing stablecoins. The law is seen as nudging treasurers toward native ETH staking and transparent restaking vaults.

Robinson Burkey, co-founder of the Wormhole Foundation, told CoinDesk the GENIUS act, along with the Clarity Act are the “first meaningful answers” to the crypto market’s requests for rules that won’t stifle innovation.

Trump is also expected to sign an executive order in the near future opening up 401K plans to investments beyond stocks and bonds. That would open the $9 trillion U.S. retirement market to cryptocurrency, gold and other investments.

“It’s plausible that the meaningful progression of legislative matters could be the catalyst for unlocking further participation from risk-averse capital that has been sitting on the sidelines waiting for regulatory certainty,” Babylon Labs’ Alergant told CoinDesk.

“When you combine structural demand, tightening BTC supply post-halving, and a potentially favorable policy backdrop, the setup for this market remains incredibly strong.”

Still, bitcoin’s share of the market has been dropping this month and the broad CoinDesk 20 (CD20) index is up 32% this month, outperforming the bitcoin-heavy CoinDesk 5 (CD5), which rose 17% in the same period. Bitcoin dominance, which measures bitcoin’s weighting in what is now a more than $4 trillion market cap, has dropped to 61.7% from 65.5% on June 30.

“The infrastructure has matured, stablecoins are proven, liquidity is deeper, and execution is faster, making this cycle feel more durable than past rallies.” Sei Labs co-founder Jeff Feng told CoinDesk “It’s a pivotal moment for on-chain finance to prove its staying power.” Stay alert!

What to Watch

CryptoJuly 18: Lorenzo Protocol, a Cosmos-based blockchain with native token BANK, launches USD1+ OTF on BNB Chain’s mainnet. The institutional-grade on-chain traded fund lets users stake stablecoins to mint sUSD1+ tokens that earn stable, NAV-backed yield from real-world assets, CeFi quantitative strategies and DeFi protocols. All returns are settled in USD1 stablecoin, issued by World Liberty Financial, whose stablecoin infrastructure powers the product’s stable yield mechanism.July 18, 2:30 p.m.: President Trump is expected to sign the GENIUS Act into law at a White House ceremony, enacting the first major U.S. federal stablecoin regulatory framework following House passage during Crypto Week.MacroJuly 18, 10 a.m.: The University of Michigan releases (Preliminary) July U.S. consumer sentiment data.Michigan Consumer Sentiment Est. 61.5 vs. Prev. 60.7July 21, 8:30 a.m.: Statistics Canada releases June producer price inflation data.PPI MoM Prev. -0.5%PPI YoY Prev. 1.2%Aug. 1, 12:01 a.m.: New U.S. tariffs take effect on imports from trade partners that failed to reach agreements by the July 9 deadline. These increased duties could range from 10% to as high as 70%, impacting a wide range of goods.Earnings (Estimates based on FactSet data)July 23: Tesla (TSLA), post-market, $0.42July 29: PayPal Holdings (PYPL), pre-market, $1.29July 30: Robinhood Markets (HOOD), post-market, $0.30July 31: Coinbase Global (COIN), post-market, $1.35July 31: Reddit (RDDT), post-market, $0.19Aug. 5: Galaxy Digital (GLXY), pre-market

Token Events

Governance votes & callsAavegotchi DAO is voting on a $245,000 funding proposal to expand Gotchi Battler into a revenue-generating game with PvE modes, NFTs and battle passes, aiming to reverse declining player numbers, boost GHST utility and create sustainable rewards. Voting ends July 22.Ethereum Name Service DAO is voting on a proposal from Tally to enter a one-year renewable agreement to enhance ENS governance. Voting ends July 22.Rocket Pool DAO is voting to finalize Saturn 1’s implementation. Approval by a 75% supermajority will ratify key protocol changes, including new transaction designs and a potential revenue share to the pDAO treasury. Voting ends July 24.NEAR Protocol is voting on potentially reducing NEAR’s inflation from 5% to 2.5%. Two-thirds of validators must approval the proposal for it to pass, and if so it could be implemented by late Q3. Voting ends Aug. 1.July 29, 10 a.m.: Ether.fi to host a bi-quarterly analyst call.UnlocksJuly 20: LayerZero (ZRO) to unlock 23.13% of its circulating supply worth $60.41 million.July 25: Venom (VENOM) to unlock 2.84% of its circulating supply worth $12.88 million.July 31: Optimism (OP) to unlock 1.79% of its circulating supply worth $24.16 million.Aug. 1: Sui (SUI) to unlock 1.27% of its circulating supply worth $178.18 million.Aug. 2: Ethena (ENA) to unlock 0.64% of its circulating supply worth $16.77 million.Token LaunchesJuly 18: Pump.fun’s PUMP to be listed on OKX.July 18: Trusta.AI (TA) to be listed on Binance Alpha, BingX, and others.

Conferences

The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through July 17.

July 20: Crypto Coin Day 7/20 (Atlanta)July 21-22: Malaysia Blockchain Week 2025 (Kuala Lumpur)July 24: Decasonic’s Web3 Investor Day 2025 (Chicago)July 25: Blockchain Summit Global (Montevideo, Uruguay)July 28-29: TWS Conference 2025 (Singapore)Aug. 6-7: Blockchain.Rio 2025 (Rio de Janeiro, Brazil)Aug. 6-10: Rare EVO (Las Vegas)Aug. 7-8: bitcoin++ (Riga, Latvia)Aug. 9-10: Baltic Honeybadger 2025 (Riga, Latvia)Aug. 9-10: Conviction 2025 (Ho Chi Minh City, Vietnam)

Token Talk

By Shaurya Malwa

Shiba Inu lead Shytoshi Kusama has internally released a 36-page, AI-focused whitepaper titled « The ShibPaper, » teasing a new evolution for the SHIB ecosystem.While the full document isn’t public, insiders suggest it outlines how AI will integrate into the projects roadmap, potentially reshaping infrastructure, governance and user engagement.Marketing head Lucie called it “a new season or a whole new show,” playfully branding it SHIB City: The AI Utopia.The release triggered a 3,615% spike in SHIB’s burn rate, with 6.3 million tokens destroyed in 24 hours, including a 5.8 million token burn in a single transaction.The sudden jump in burnings comes despite the weekly burn rate being down 97%, suggesting renewed community interest tied to the whitepaper buzz.With AI tailwinds and rising burn activity, SHIB appears to be positioning itself for a new narrative cycle in the memecoin world.

Derivatives Positioning

Open interest (OI) across top derivatives venues remains close to all time highsAccording to Velo, BTC OI currently sits at $32.2 billion, just shy of the record $33 billion hit earlier in the week. Binance still leads the market with $13.7 billion open interest, followed by Bybit at $8.4 billion. BTC three-month annualized basis is starting to rise and is currently at 8%. That’s still some way off the Q4 2024 highs of around 15%. In terms of perpetual volumes, ETH exceeded BTC for a second consecutive day at $167.7 billion vs. $111.4 billion, according to Coinglass data.BTC put and call contracts stand at 325,000, with BTC calls accounting for more than 60% of the total for the second consecutive day, according to Velo. Open interest for BTC options is at an all time high of $51.67 billion, Coinglass data show.ETH has 2.62 million call and put contracts with 69% being calls. At $12 billion, ETH open interest is starting to pick up, but is still below the all-time high of $14.76 billion from March 2024, as per Coinglass data.Funding rate APRs across perpetual swaps have started to pick up, according to Velo data. BTC annualized funding on Hyperliquid has jumped to around 52%, up from 10% yesterday. ETH surged to 90% from 10% yesterday. Alts such as XRP (104%) and DOGE (92%) are also starting to reach high levels of annualized funding rates, as per CoinglassCoinglass data shows $812 million in 24 hour liquidations, which is higher than Thursday’s $521.29 million. This is skewed 59% towards shorts liquidations, with ETH leading in terms of notional liquidations at $238 million followed by BTC at $147 million. Binance’s liquidation heatmap for BTC indicates high leverage positions at $119,000. BTC dominance continues to hover above 60% but is declining and with a sharp pickup in funding across majors and alts, potential short term cooldown in prices is a possibility.

Market Movements

BTC is down 0.57% from 4 p.m. ET Wednesday at $118,738.05 (24hrs: -0.26%)ETH is up 0.23% at $3,426.89 (24hrs: +4.58%)CoinDesk 20 is up 3.51% at 4,046.62 (24hrs: +3.41%)Ether CESR Composite Staking Rate is up 3 bps at 3.08%BTC funding rate is at 0.0218% (23.871% annualized) on KuCoinDXY is down 0.37% at 98.37Gold futures are up 0.46% at $3,360.60Silver futures are up 1.30% at $38.80Nikkei 225 closed down 0.21% at 39,819.11Hang Seng closed up 1.33% at 24,825.66FTSE is up 0.28% at 8,997.58Euro Stoxx 50 is up 0.44% at 5,400.99DJIA closed on Thursday up 0.52% at 44,484.49S&P 500 closed up 0.54% at 6,297.36Nasdaq Composite closed up 0.75% at 20,885.65S&P/TSX Composite closed up 0.86% at 27,386.93S&P 40 Latin America closed up 0.58% at 2,628.42U.S. 10-Year Treasury rate is down 1.8 bps at 4.445%E-mini S&P 500 futures are up 0.13% at 6,349.00E-mini Nasdaq-100 futures are up 0.14% at 23,284.00E-mini Dow Jones Industrial Average Index are up 0.15% at 44,783.00

Bitcoin Stats

BTC Dominance: 61.68% (-0.9%)Ether to bitcoin ratio: 0.03035 (4.08%)Hashrate (seven-day moving average): 898 EH/sHashprice (spot): $60.07Total Fees: 6.33 BTC / $751,661CME Futures Open Interest: 159,640BTC priced in gold: 35.4 oz.BTC vs gold market cap: 10.07%

Technical Analysis

Market sentiment has turned sharply bullish following the House’s passage of the GENIUS and CLARITY acts alongside reports that President Trump is preparing to allow retirement accounts to invest in alternative assets, including digital assets.Among the standout performers, XRP surged to a new all-time high of $3.65. However, there are early signs of caution, with a potential bearish RSI divergence forming on the weekly timeframe. From a technical perspective, XRP needs to maintain a weekly close above $3.30 to invalidate the risk of a swing failure pattern. If the bullish conditions hold, the next long-term upside target for XRP could be around $5.19, which aligns with the key Fibonacci extension level following its retracement to the golden pocket in April. 

Crypto Equities

Strategy (MSTR): closed on Thursday at $451.34 (-1%), +0.56% at $453.85Coinbase Global (COIN): closed at $410.75 (+3.15%), +1.74% at $417.91Circle (CRCL): closed at $235.08 (+0.81%), +2.94% at $241.99Galaxy Digital (GLXY): closed at $26.04 (+6.9%), +10.45% at $28.76MARA Holdings (MARA): closed at $19.97 (+2.73%), +0.95% at $20.16 Riot Platforms (RIOT): closed at $13.33 (+6.05%), +0.98% at $13.46 Core Scientific (CORZ): closed at $13.47 (-3.23%), +1.11% at $13.62CleanSpark (CLSK): closed at $12.98 (+3.26%), +1.16% at $13.13CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $26.83 (+2.52%), +3.54% at $27.78 Semler Scientific (SMLR): closed at $43.6 (+2.08%), +0.46% at $43.80Exodus Movement (EXOD): closed at $36.3 (-4.92%), +2.89% at $37.35 SharpLink Gaming (SBET): closed at $36.4 (-2.62%), +5.19% at $38.29

ETF Flows

Spot BTC ETFs

Daily net flows: $522.6 millionCumulative net flows: $54.36 billionTotal BTC holdings ~1.29 million

Spot ETH ETFs

Daily net flows: $602 millionCumulative net flows: $7.1 billionTotal ETH holdings ~4.78 million

Source: Farside Investors

Overnight Flows

Chart of the Day

Ether futures open interest hit an all-time high as the second-largest cryptocurrency surges on an expected shift from yield-bearing stablecoins to ETH-based strategies.The cryptocurrency underperformed the wider market for months as bitcoin’s dominance rose. Now, it’s more than doubled in just three months.

While You Were Sleeping

What Is Big Money Betting on? Bitcoin $140K, Ether $4K Calls Lead Open Interest (CoinDesk): The GENIUS Act’s stablecoin curbs are expected to drive more ETH staking and restaking, boosting activity on the Ethereum blockchain and strengthening ether’s long-term appeal to institutional treasuries, Republic Technologies’ CEO said.Dogecoin Open Futures Bets Surge to Record 16B DOGE as Prices Top Downtrend Line (CoinDesk): Open interest in DOGE futures has climbed 48% to a record 16.24 billion tokens, with positive funding rates signaling growing demand for bullish bets and potential for greater volatility.Bitcoin DeFi Has Ballooned 20x Since Start of 2024 as Builders Bet on Yield (CoinDesk): Bitcoin-native DeFi has grown to $6.36 billion from $307 million this year, led by lending protocols. Developers are exploring new infrastructure to overcome the blockchain’s limited smart-contract functionality.Lula Says He Won’t Take Orders From Foreigner Trump, Calls Tariffs Blackmail (Reuters): The Brazilian president, buoyed by rising approval since the feud with his U.S. counterpart began, vowed to press ahead with measures targeting U.S. social media platforms he called purveyors of fake news.EU Backs Revised Russia Oil Price Cap and New Russia Sanctions (Bloomberg): The new sanctions package expands SWIFT bans to 20 more Russian banks, targets 400 covert oil tankers and penalizes more foreign firms accused of helping Moscow evade trade restrictions.Japan Inflation Eases, But BOJ Still Faces Policy Challenges (The Wall Street Journal): A dip in Japan’s core inflation offered some relief, but sticky food prices and uncertainty over President Trump’s looming tariffs complicate the central bank’s outlook for further tightening.

In the Ether

The market cap for all cryptocurrencies surpassed $4 trillion, according to CoinGecko data, as a rally in altcoins like XRP (XRP) and ether (ETH) continues, with traders rotating out of bitcoin (BTC).

This uncharted territory for crypto pushed the CoinDesk 20 (CD20), a measure of the performance of the largest digital assets, past 4,000. The index is up 35% in the past month.

Crypto’s market cap passed $3 trillion for the first time in November 2021, marking the peak of a pandemic-fueled bull market driven by loose monetary policy, surging institutional interest, and speculative mania across NFTs, DeFi, and gaming tokens.

However, that moment proved fleeting: markets soon turned as macroeconomic tightening took hold, and high-profile collapses like Terra and FTX sent valuations spiraling, with bitcoin dropping as low as $15,625.

It would take three long years and a new political cycle for crypto to reclaim that high-water mark.

In November 2024, bitcoin surged 36%, its fourth-strongest monthly performance since October 2021, after Donald Trump’s re-election rekindled risk appetite among investors betting on a deregulatory crypto policy pivot in Washington, culminating in the recent passing of the GENIUS Act.

With analysts saying that the top for BTC is « nowhere near, » crypto may surpass the next trillion-dollar valuation far faster than the last, potentially in a matter of months rather than years, as capital rotates into altcoins and institutional inflows accelerate across spot ETFs and on-chain assets.

Read more: Bitcoin Tops $120K on Report of Trump Approving Crypto Investments for Retirement Accounts

FLOKI est tout simplement en feu. Ces dernières 24 heures, il a bondi de +29,6% et se repositionne parmi les leaders du secteur memecoins. Dans un contexte dominé par les géants comme Ethereum (ETH) ou Solana (SOL), il se démarque par des signaux techniques favorables et une visibilité accrue par l’évolution de son écosystème. Serait-il capable de rivaliser avec le roi des memecoins : Dogecoin ? On vous donne 3 raisons qui pourraient le laisser penser.

1ʳᵉ raison : une explosion technique majeure

Ce 17 juillet, FLOKI a atteint le prix de 0,000138$, brisant la ligne baissière qui datait de la fin d’année 2023. De plus, des indicateurs techniques laissent entendre que ce rallye n’est pas près de s’arrêter. En effet, son graphique laisse apparaître une “golden cross” (c’est-à-dire un croisement des moyennes à 20 et 50 jours). Généralement, cela vient signaler un rallye imminent.

De plus, après son breakout, FLOKI a validé son ancien support et ainsi, renforcé la conviction de ses investisseurs. Malgré un RSI plutôt élevé (ce qui indique une zone de surachat), le memecoin vise des extensions Fibonacci vers les 0,000167$ et 0,000196$. La bonne santé technique du token laisse croire à un momentum haussier qui le conduirait petit à petit vers une capitalisation plus proche de celle du Dogecoin.

2ᵉ raison : le développement de son écosystème

FLOKI ne connaît pas seulement une croissance technique, il innove par le lancement d’un jeu “play-to-earn” nommé “Valhalla“. Ce dernier permet de minter des NFTs et enregistre déjà plus d’un million de transactions sur opBNB.

Le jeu utilise FLOKI comme monnaie in-game et enregistre de plus en plus d’utilisateurs : sa visibilité est boostée. D’ailleurs, son lancement coïncide avec le listing de FLOKI sur Webull Pay, rendant le token accessible à 24 millions d’Américains. Grâce à cet écosystème en pleine expansion, FLOKI se montre moins volatil et jouit d’une croissance plus organique, portée par son innovation et sa communauté.

3ᵉ raison : un marché favorable aux memecoins

En dépit de la domination de la paire ETH/SOL du côté des altcoins, on remarque une plus grande présence des memecoins. Après 45 jours de creux, ces derniers ont enregistré un rebond de volume : 14,8 milliards de dollars sur la période. De plus, l’altcoin seson index pointe à 80,95% : là encore, un catalyseur pour la croissance de FLOKI.

Les actifs “high-beta” (comme FLOKI) bénéficient aussi d’un fear and greed index à 70. En bref, cela indique une tendance de greed : les investisseurs se jettent massivement sur les altcoins. Le climat est donc propice à la rotation de capital vers les tokens qui montrent un haut potentiel narratif, tel que FLOKI. Le marché actuel favorise l’avènement des memecoins, c’est un facteur qui pourrait le rapprocher peu à peu du Dogecoin.

Entre hype et croissance : un potentiel énorme pour FLOKI

En définitive, tous les ingrédients sont présents et font de FLOKI un Dogecoin en puissance :

Son breakout technique indique une dynamique bullish.

Valhalla attire de nombreux utilisateurs et fidélise la communauté.

Le marché est largement favorable à la croissance d’actifs tels que les memecoins.

S’il est capable de maintenir le rythme et que le secteur continue de capter un volume important de capital, alors FLOKI pourrait bien prétendre au trône qu’occupe actuellement Doge. Une question reste en suspens : est-il capable de transformer un élan spéculatif en adoption durable ?

Source : CoinMarketCap

Sur le même sujet :

XRP, Doge, Pudgy Penguins : recap des tendances sur X

Bonk (+70 %) et Floki (+42 %) : 3 altcoins similaires pour faire x100

FLOKI en forte hausse : simple pump ou début de la memecoins mania ?

The post FLOKI : 3 raisons qui pourraient en faire le prochain Dogecoin appeared first on Cryptonews France.

By James Van Straten (All times ET unless indicated otherwise)

While bitcoin (BTC) holds just below its record high, the derivatives market is showing signs of froth. Perpetual funding rates indicate that long positions are still dominant and traders are paying a premium to maintain bullish exposure.

There are two ways of interpreting this, either the rally that took the largest currency to $123,000 is not yet spent, or it could be exhausted if not met with more spot buying. Don’t you love markets?

In Glassnode’s latest weekly note, analysts point out that bitcoin has decisively broken into new all-time highs. While that signals strong underlying momentum, short-term holders are sitting on increasingly large unrealized profits, pushing key indicators into marginally overheated territory.

Markets were jolted Wednesday by speculation that President Trump was getting ready to fire Federal Reserve Chair Jerome Powell, sending risk assets briefly lower before the White House clarified he was “not planning” to remove him.

Separately, a FOIA request revealed that the U.S. Marshals Service holds just 28,988 BTC, far fewer than many in the market assumed, raising fresh questions about future government auctions and their market impact.

As bitcoin cools off, altcoins are taking the spotlight. Bitcoin dominance has fallen from 66% to 62%, while the total crypto market cap has surged to an all-time high of $3.8 trillion.

Ether (ETH) is trading above $3,400 following a 7% daily gain driven by ETF inflows and positive regulatory sentiment. Solana (SOL) also rallied 5% after Galaxy Digital accumulated $55 million worth of SOL, a move that underscored rising institutional demand. Stay alert!

What to Watch

CryptoJuly 18: Lorenzo Protocol, a Cosmos-based blockchain with native token BANK, launches USD1+ OTF on BNB Chain’s mainnet. The institutional-grade on-chain traded fund lets users stake stablecoins to mint sUSD1+ tokens that earn stable, NAV-backed yield from real-world assets, CeFi quantitative strategies and DeFi protocols. All returns are settled in USD1 stablecoin, issued by World Liberty Financial, whose stablecoin infrastructure powers the product’s stable yield mechanism.MacroJuly 17: German Chancellor Friedrich Merz is visiting London to sign a treaty with Prime Minister Keir Starmer on strengthening bilateral defense, migration and industry ties as Europe faces new security challenges.July 17, 10 a.m.: Speech by Fed Governor Adriana D. Kugler on « A View of the Housing Market and U.S. Economic Outlook » at the Housing Partnership Network Symposium in Washington. Livestream link.July 17, 6:30 p.m.: Speech by Fed Governor Christopher J. Waller on the economic outlook at an event hosted by the Money Marketeers of New York University.Aug. 1, 12:01 a.m.: New U.S. tariffs take effect on imports from trade partners that failed to reach agreements by the July 9 deadline. These increased duties could range from 10% to as high as 70%, impacting a wide range of goods.Earnings (Estimates based on FactSet data)July 23: Tesla (TSLA), post-market, $0.42July 29: PayPal Holdings (PYPL), pre-market, $1.29July 30: Robinhood Markets (HOOD), post-market, $0.30July 31: Coinbase Global (COIN), post-market, $1.35July 31: Reddit (RDDT), post-market, $0.19Aug. 5: Galaxy Digital (GLXY), pre-market

Token Events

Governance votes & callsAavegotchi DAO is voting on a $245,000 funding proposal to expand Gotchi Battler into a revenue-generating game with PvE modes, NFTs and battle passes, aiming to reverse declining player numbers, boost GHST utility and create sustainable rewards. Voting ends July 22.Uniswap DAO is conducting a temperature check on Etherlink’s request to co-incentivize Uniswap v3 liquidity. Tezos Foundation would put up $300K for three months of rewards on WETH/USDC, WBTC/USDC and LBTC/USDC, and is asking the DAO for $150K more, aiming to anchor Etherlink’s rising TVL and future native tokens on Uniswap. Voting ends July 18.Ethereum Name Service DAO is voting on a proposal from Tally to enter a one-year renewable agreement to enhance ENS governance. Voting ends July 22.Rocket Pool DAO is voting to finalize Saturn 1’s implementation. Approval by a 75% supermajority will ratify key protocol changes, including new transaction designs and a potential revenue share to the pDAO treasury. Voting ends July 24.NEAR Protocol is voting on potentially reducing NEAR’s inflation from 5% to 2.5%. Two-thirds of validators must approve the proposal for it to pass, and if so it could be implemented by late Q3. Voting ends Aug. 1.July 29, 10 a.m.: Ether.fi to host a bi-quarterly analyst call.UnlocksJuly 17: ApeCoin (APE) to unlock 1.95% of its circulating supply worth $10.49 million.July 18: Official TRUMP (TRUMP) to unlock 45.35% of its circulating supply worth $903.36 million.July 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $90.2 million.July 20: LayerZero (ZRO) to unlock 23.13% of its circulating supply worth $58.87 million.July 25: Venom (VENOM) to unlock 2.84% of its circulating supply worth $13.21 million.July 31: Optimism (OP) to unlock 1.79% of its circulating supply worth $22.52 million.Token LaunchesJuly 17: Mogcoin (MOG) to be listed on Binance.US.

Conferences

The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through July 17.

July 20: Crypto Coin Day 7/20 (Atlanta)July 21-22: Malaysia Blockchain Week 2025 (Kuala Lumpur)July 24: Decasonic’s Web3 Investor Day 2025 (Chicago)July 25: Blockchain Summit Global (Montevideo, Uruguay)July 28-29: TWS Conference 2025 (Singapore)Aug. 6-7: Blockchain.Rio 2025 (Rio de Janeiro, Brazil)Aug. 6-10: Rare EVO (Las Vegas)Aug. 7-8: bitcoin++ (Riga, Latvia)Aug. 9-10: Baltic Honeybadger 2025 (Riga, Latvia)Aug. 9-10: Conviction 2025 (Ho Chi Minh City, Vietnam)

Token Talk

By Shaurya Malwa

Pump.fun’s $500 million ICO sold out in minutes, and it wasn’t just investors showing up.Over 1,700 fake PUMP tokens were deployed in the lead-up to the debut, with 214 impersonator dapps also spinning up to trap users, according to a BlockAid report shared with CoinDesk.On launch day alone, over 1,000 impersonator attacks were attempted. Security firm Blockaid said it blocked them in real time, preventing $381,000 in potential losses.This isn’t a one-off. It’s becoming a pattern: 6,700+ scam attempts tied to PUMP were blocked in just the past two weeks, and an estimated 550 fake tokens/contracts are being created daily.Attackers are using automated tooling to spin up malicious contracts faster than official announcements, exploiting hype and social momentum. The PUMP event highlights how memecoin frenzies are increasingly accompanied by industrialized scam infrastructure, targeting unsophisticated buyers and wallet drainers.While Pump.fun’s token was a success, its introduction has become a prime example of how token drops now double as battlegrounds between users, scammers and security tools.

Derivatives Positioning

Open interest (OI) across top derivatives venues remains close to all time highs. Bitcoin OI currently sits at $31.6B, just shy of yesterday’s record $33B, according to Velo data. Binance leads with $13.56B of open interest while Hyperliquid has been one of the largest gainers of the past week, adding $800M to reach $3.9B. BTC three-month annualized basis is at 7%, still some way off the Q4 2024 highs of around 15%. For derivatives, ETH volumes currently exceed BTC volumes at $163.2B vs. $107.6B, according to Coinglass data.BTC put and call contracts currently stand at 339K, with calls accounting for 61% of the total, according to Velo. That’s at the same time as Coinglass shows BTC options open interest at an all-time high of $51.67B. ETH has 2.68M call and put contracts, with 68% of them being calls, according to data from Velo. ETH open interest is starting to pick up, but at $12B is still below the record $14.76B set in March 2024, as per Coinglass data.Funding rate APRs across perpetual swaps remain positive and rising according to Velo, with BTC printing 7% and ETH printing 6.5% annualized funding on Binance, OKX and Deribit, Velo data show. This is low when compared with altcoins like HYPE and PUMP, which show annualized funding of 71% and 100% respectively, in Coinglass data.Coinglass also shows $521.29M in 24-hour liquidations, skewed 65% towards shorts. ETH led notional liquidations at $228.6M, followed by BTC at $69.9M and other tokens at $46.3M. The Binance liquidation heatmap for BTC indicates high leverage positions at $117,000 and $119,000. BTC dominance continues to hover above 60%, and while short liquidations hint at squeezed leverage, directional conviction appears measured heading into the next major expiry window.

Market Movements

BTC is down 0.82% from 4 p.m. ET Wednesday at $118,930.72 (24hrs: -0.07%)ETH is up 2.76% at $3,473.51 (24hrs: +10.16%)CoinDesk 20 is up 2.29% at 3,917.71 (24hrs: +5.9%)Ether CESR Composite Staking Rate is up 2 bps at 3.05%BTC funding rate is at 0.031% (33.945% annualized) on KuCoinDXY is up 0.28% at 98.66Gold futures are down 0.81% at $3,332.00Silver futures are down 0.38% at $37.97Nikkei 225 closed up 0.60% at 39,901.19Hang Seng closed unchanged at 24,498.95FTSE is up 0.48% at 8,969.83Euro Stoxx 50 is up 0.82% at 5,341.65DJIA closed on Wednesday up 0.53% at 44,254.78S&P 500 closed up 0.32% at 6,263.70Nasdaq Composite closed up 0.25% at 20,730.49S&P/TSX Composite closed up 0.37% at 27,152.97S&P 40 Latin America closed up 0.48% at 2,613.36U.S. 10-Year Treasury rate is up 1.4 bps at 4.469%E-mini S&P 500 futures are unchanged at 6,307.75E-mini Nasdaq-100 futures are up 0.16% at 23,112.75E-mini Dow Jones Industrial Average Index are unchanged at 44,426.00

Bitcoin Stats

BTC Dominance: 62.44% (-0.96%)Ether to bitcoin ratio: 0.02919 (2.67%)Hashrate (seven-day moving average): 915 EH/sHashprice (spot): $60.16Total Fees: 4.53 BTC / $538,818CME Futures Open Interest: 158,530 BTCBTC priced in gold: 35.6 ozBTC vs gold market cap: 10.06%

Technical Analysis

The ETH/BTC ratio has recorded its largest weekly gain since the week of May 5th, climbing 17.5% to 0.029.It is currently trading within the weekly order block that preceded ether’s underperformance relative to bitcoin since mid-February. A decisive break above this level would open the path toward the next major resistance at 0.035, which marks the yearly open.

Crypto Equities

Strategy (MSTR): closed on Wednesday at $455.90 (+3.07%), -0.64% at $452.99Coinbase Global (COIN): closed at $398.20 (+2.62%), +0.81% at $401.41Circle (CRCL): closed at $233.20 (+19.39%), -0.4% at $232.27Galaxy Digital (GLXY): closed at $24.36 (+16.78%), +3.24% at $25.15MARA Holdings (MARA): closed at $19.44 (+3.62%), +0.26% at $19.49Riot Platforms (RIOT): closed at $12.57 (+3.88%), -0.16% at $12.55Core Scientific (CORZ): closed at $13.92 (+1.16%), unchanged in pre-marketCleanSpark (CLSK): closed at $12.57 (+3.12%), unchanged in pre-marketCoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $26.17 (+4.47%)Semler Scientific (SMLR): closed at $42.71 (+1.26%), unchanged in pre-marketExodus Movement (EXOD): closed at $38.18 (+21.86%), unchanged in pre-market

ETF Flows

Spot BTC ETFs

Daily net flows: $799.4 millionCumulative net flows: $53.84 billionTotal BTC holdings ~1.28 million

Spot ETH ETFs

Daily net flows: $726.6 millionCumulative net flows: $6.5 billionTotal ETH holdings ~4.6 million

Source: Farside Investors

Overnight Flows

Chart of the Day

Ether leads the market as the largest asset by derivatives volume, with 24-hour volumes reaching $163B. Bitcoin follows in second place, recording a 24-hour derivatives volume of $108B. 

While You Were Sleeping

Fed’s John Williams Says Rate Stance Remains ‘Entirely Appropriate’ (The Wall Street Journal): The New York Fed president said President Trump’s tariffs have already driven up some consumer prices, such as household appliances, and could raise headline inflation to 3.5% over the next six months.‘Crypto Week’ Back on Track After Lengthy House Do-Over Vote (CoinDesk): A nine-hour House standoff ended after the House Freedom Caucus secured an anti-CBDC provision in the defense bill, potentially clearing the way for a final Thursday vote on the GENIUS Act.China’s Aircraft Carriers Push Into Waters Long Dominated by U.S. (The New York Times): China’s twin-carrier drills beyond Okinawa marked a major naval milestone, with combat training near the U.S. base in Guam underscoring Beijing’s aim to challenge American influence across the Pacific.Ether ETFs Post Record $726M Daily Inflow as Analysts Signal ‘Deep Demand Shift’ (CoinDesk): BlackRock’s ETHA saw nearly $500 million in new capital and over $1.78 billion in volume, helping push total ether ETF assets above $16.4 billion, or 4% of ETH’s supply.Crypto Market Maker B2C2 Said to Be Raising up to $200M: Source (CoinDesk): Part of the targeted raise would reportedly allow Tokyo-based SBI Holdings to reduce its 90% stake in B2C2.National Crypto Sandbox for Tourists in the Offing (Bangkok Post): Thailand’s securities watchdog is seeking public feedback on a proposed national crypto sandbox for tourists, which would allow regulated conversion of digital assets into Thai baht via licensed operators.

In the Ether

Pudgy Penguins n’en finit plus de faire du bruit, l’emblématique projet NFT est réellement en train de se transformer en un écosystème global. Bien évidemment, il y a d’abord un token (mis en circulation il y a longtemps déjà), mais aussi plusieurs dérivés dont un jeu mobile qui sera bientôt lancé. Désormais, il semblerait qu’une association avec le fabricant de jouets chinois “Suplay Inc” vienne concrétiser davantage cette expansion. On fait le point sur un projet qui prend de l’ampleur.

Pudgy Penguins et Suplay Inc. : une alliance fructueuse

L’entreprise chinoise est un acteur majeur dans l’univers des “collectibles”. En Asie, son association avec Pudgy Penguins révèle l’ambition de créer une véritable marque autour de ces petits pingouins. Suplay Inc. joue un rôle crucial pour le marketing et la distribution de collectibles, notamment en Chine où sa présence est forte (que ce soit via des influenceurs locaux ou des platefromes comme WeChat).

En effet, les chinois sont friands des objets de collections “mignons” (habituellement désignés par le terme japonais “kawaii”), on peut le voir par exemple avec l’engouement pour les bijoux de sacs “labubu”. Pudgy Penguins pourrait développer des produits similaires, ce qui boosterait sa visibilité et lui permettrait de jouir d’un “soft-power” considérable.

En toile de fond : PENGU, un token ultra-performant

À la suite de cette annonce de partenariat, le 15 juillet dernier, PENGU enregistrait une hause de +17,59% en 24 heures. Propulsant son prix à la marque des 0,033 dollars par token. On a pu observer des volumes d’échange conséquents, et, eux aussi, en forte hausse.

La bonne santé du token témoigne d’un intérêt croissant et d’une visibilité qui soutient sa croissance. D’ailleurs, de nombreuses entreprises cryptos s’amusent à utiliser ses NFTs en guise de photo de profil sur le réseau social X.

Une terre convoitée : pourquoi l’Asie occupe les esprits ?

L’Asie serait-elle un nouvel eldorado pour le Web3 ? Le chemin semble encore long, mais elle s’affirme petit à petit comme un acteur majeur de la crypto :

Hong Kong s’ouvre à la tokenisation et lance ses premiers ETF crypto.

La Chine clarifie son cadre légal et renforce sa présence dans l’univers crypto (malgré une certaine prudence).

Les entreprises japonaises cotées, comme Remixpoint ou Metaplanet, se font pionnières de l’adoption crypto.

D’autres pays, à l’instar de la Corée du Sud, montrent également une dynamique positive, ainsi qu’un attrait pour les actifs numériques (notamment pour le Bitcoin ou encore Ripple (XRP)). Tout cela contribue à l’attractivité d’un marché asiatique empli de possibilités.

Pudgy Penguins compte bien tirer son épingle du jeu et conquérir ce marché via une stratégie d’implémentation. De par son identité facilement reconnaissable ou par son affinité institutionnelle (une demande pour un ETF PENGU/NFT a été déposée auprès de la SEC), PENGU pourrait conquérir des millions d’utilisateurs.

Quelles perspectives pour son écosystème ?

Pudgy Penguins peut espérer bénéficier de l’exposition à un marché qui regorge de potentiels utilisateurs, et pourrait spécialement mener des campagnes marketing via des KOL (Key Opinion Leader) chinois. Ces derniers participeraient à faire connaître son univers, son token, ses NFTs.

En développant son branding, Pudgy Penguins exercerait une influence non négligeable, qui contribuerait sans aucun doute à la croissance de son écosystème tout entier. Alors que son momentum haussier est réel, l’annonce de ce partenariat avec une entreprise chinoise laisse penser que PENGU se met en route pour une croissance durable. Au-delà de la hype, c’est une vraie marque qui se construit sous nos yeux. Tous les ingrédients semble présent pour en faire un cocktail explosif.

Sources : @pudgypenguins et CoinGecko

Sur le même sujet :

1er ETF XRP approuvé aux USA : va-t-il décoller vers les 5 dollars ?

FLOKI en forte hausse : simple pump ou début de la memecoins mania ?

Altcoin season en approche : les 5 memecoins à surveiller

The post Pudgy Penguins (PENGU) s’associe à Suplay Inc. et vise la Chine appeared first on Cryptonews France.

By Francisco Rodrigues (All times ET unless indicated otherwise)

Traders are waking up to discover the crypto rally still has legs. Bitcoin (BTC) is up 2% over the past 24 hours to $119,000 after U.S. consumer-price data stirred talk that tariffs are feeding inflation.

Even though the dollar strengthened after the Tuesday report, demand pushed through, with money flowing into U.S. spot bitcoin ETFs, which are seeing $700 million in total net inflows so far this week.

Demand is further supported by corporate treasuries which, according to BitcoinTreasuries data, now hold 859,993 BTC worth over $100 billion. That figure is likely to keep growing, and Cantor Fitzgerald Chairman Brandon Lutnick is in late-stage talks for a $3 billion bitcoin treasury deal.

Against that background, it’s worth noting that altcoins are outperforming, with the CoinDesk 20 (CD20) index up 3.5%. Ether (ETH) has risen 6% in the past 24 hours, jumping past $3,100, its best level since February, as companies start to consider it also a candidate for corporate treasury adoption. Just yesterday, SharpLink Gaming overtook the Ethereum Foundation as the largest corporate holder of ETH.

Strategic Ether Reserve data shows that companies now hold 1.6 million ETH. In addition, spot ether ETFs in the U.S. added $192 million yesterday, for a weekly total of $451.3 million.

Crypto investors are now bracing for the House debate on the GENIUS Act, a bipartisan bill that could halt yield-bearing U.S. stablecoins while giving stablecoin issuers greater clarity.

President Donald Trump has said Republican lawmakers who objected to a trio of crypto bills, including the GENIUS Act, are now ready to approve them.

If the bills pass, funds now chasing stablecoin interest may pivot to staking and other ether-based strategies. “That would potentially reinforce Ethereum’s importance within the digital asset ecosystem, » Markus Thielen, founder of 10x Research, said in a note shared with CoinDesk.

Looking ahead, producer price inflation being released by the U.S. Bureau of Labor Statistics will be closely watched, as will speeches by several Fed governors for hints on the central bank’s monetary policy as Trump calls for rate cuts.

For now, both the CME Fedwatch Tool and Polymarket point to a 97% chance that rate cuts won’t happen this month. Stay alert!

What to Watch

CryptoJuly 16, 9 a.m.: U.S. House Ways and Means Committee oversight hearing titled « Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Built for the 21st Century. »July 18: Lorenzo Protocol, a Cosmos-based blockchain with native token BANK, launches USD1+ OTF on BNB Chain’s mainnet. The institutional-grade on-chain traded fund lets users stake stablecoins to mint sUSD1+ tokens that earn stable, NAV-backed yield from real-world assets, CeFi quantitative strategies and DeFi protocols. All returns are settled in USD1 stablecoin, issued by World Liberty Financial, whose stablecoin infrastructure powers the product’s stable yield mechanism.MacroJuly 16, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases June producer price inflation data.Core PPI MoM Est. 0.2% vs. Prev. 0.1%Core PPI YoY Est. 2.7% vs. Prev. 3%PPI MoM Est. 0.2% vs. Prev. 0.1%PPI YoY Est. 2.5% vs. Prev. 2.6%July 16, 10 a.m.: Speech by Fed Governor Michael S. Barr on « Financial Regulation » at « Conversation with Governor Barr » in Washington. Livestream link.July 17, 10 a.m.: Speech by Fed Governor Adriana D. Kugler on « A View of the Housing Market and U.S. Economic Outlook » at the Housing Partnership Network Symposium in Washington. Livestream link.July 17, 6:30 p.m.: Speech by Fed Governor Christopher J. Waller on the economic outlook at an event hosted by the Money Marketeers of New York University.Aug. 1, 12:01 a.m.: New U.S. tariffs take effect on imports from trade partners that failed to reach agreements by the July 9 deadline. These increased duties could range from 10% to as high as 70%, impacting a wide range of goods.Earnings (Estimates based on FactSet data)July 23: Tesla (TSLA), post-market, $0.42July 29: PayPal Holdings (PYPL), pre-market, $1.29July 30: Robinhood Markets (HOOD), post-market, $0.30July 31: Coinbase Global (COIN), post-market, $1.35July 31: Reddit (RDDT), post-market, $0.19Aug. 5: Galaxy Digital (GLXY), pre-market

Token Events

Governance votes & callsAavegotchi DAO is voting on a $245,000 funding proposal to expand Gotchi Battler into a revenue-generating game with PvE modes, NFTs and battle passes, aiming to reverse declining player numbers, boost GHST utility and create sustainable rewards. Voting ends July 22.Uniswap DAO is conducting a temperature check on Etherlink’s request to co-incentivize Uniswap v3 liquidity. Tezos Foundation would put up $300K for three months of rewards on WETH/USDC, WBTC/USDC and LBTC/USDC, and is asking the DAO for $150K more, aiming to anchor Etherlink’s rising TVL and future native tokens on Uniswap. Voting ends July 18.Rocket Pool DAO is voting to finalize Saturn 1’s implementation. Approval by a 75% supermajority will ratify key protocol changes, including new transaction designs and a potential revenue share to the pDAO treasury. Voting ends July 24.July 16, 5 p.m.: VeChain to host a monthly update with community representatives and the VeChain Foundation.UnlocksJuly 16: Arbitrum (ARB) to unlock 1.87% of its circulating supply worth $37.15 million.July 17: ZKSync (ZK) to unlock 2.41% of its circulating supply worth $9.24 million.July 17: ApeCoin (APE) to unlock 1.95% of its circulating supply worth $9.86 million.July 18: Official TRUMP (TRUMP) to unlock 45.35% of its circulating supply worth $827.17 million.July 18: Fasttoken (FTN) to unlock 4.64% of its circulating supply worth $90 million.Token LaunchesJuly 16: Bybit to delist Tap (TAP), VaporFund (VPR), Cosplay Token (COT), Souni (SON), Tenet Protocol (TENE), Havah (HVH), and Brawl AI Layer (BRAWL) among others.

Conferences

The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through July 17.

July 16: Invest Web3 Forum (Dubai)July 20: Crypto Coin Day 7/20 (Atlanta)July 21-22: Malaysia Blockchain Week 2025 (Kuala Lumpur)July 24: Decasonic’s Web3 Investor Day 2025 (Chicago)July 25: Blockchain Summit Global (Montevideo, Uruguay)July 28-29: TWS Conference 2025 (Singapore)Aug. 6-7: Blockchain.Rio 2025 (Rio de Janeiro, Brazil)Aug. 6-10: Rare EVO (Las Vegas)Aug. 7-8: bitcoin++ (Riga, Latvia)Aug. 9-10: Baltic Honeybadger 2025 (Riga, Latvia)Aug. 9-10: Conviction 2025 (Ho Chi Minh City, Vietnam)

Token Talk

By Shaurya Malwa

Eclipse Foundation, creator of the Eclipse layer-2 blockchain, debuted its native ES token, positioned as the gas and governance token for its “Solana on Ethereum” network.Key allocations:
• 10% (100M) airdrop to early users
• 5% for liquidity on exchanges
• 35% to ecosystem and development
• 19% to contributors (4-year vesting, 3-year lock)
• 31% to early supporters/investors (3-year lock)Airdrop eligibility is based on three factors:
• Turbo Tap gameplay (« grass » points earned via stress-testing)
• X (Twitter) activity, measured by Kaito analytics
• Discord engagementNo 1:1 conversion from “grass” points to tokens; snapshot and allocation details will be published after the airdrop to prevent manipulation.Airdrop starts Wednesday, with distributions spread over 30 days across Eclipse, Ethereum and Solana mainnets.ES token will acts as gas token via native paymaster mechanism and enables decentralized governance for protocol upgrades and decision-makingThe Eclipse team is excluded from the airdrop to prevent insider manipulation; contributors will receive their allocation via vesting.

Derivatives Positioning

Cumulative open interest in BTC futures and perpetual futures listed worldwide has hit a record high of 739K BTC. Annualized perpetual funding rates have topped 23%, the highest in months, suggesting growing demand for leveraged bullish plays. All major coins now have funding rates in double digits. However, only ETH, TON, BTC, AAVE and SHIB have seen positive cumulative volume delta in the past 24 hours, a sign buyers are becoming more aggressive. On Deribit, BTC short duration skew has flipped positive again while ETH continues to see call bias across tenors. Block flows on OTC liquidity platform Paradigm featured a long position in the September expiry call at the $140K strike.

Market Movements

BTC is up 2.29% from 4 p.m. ET Tuesday at $119,095.12 (24hrs: +1.85%)ETH is up 3.81% at $3,157.00 (24hrs: +6.06%)CoinDesk 20 is up 3.25% at 3,703.30 (24hrs: +3.4%)Ether CESR Composite Staking Rate is down 1 bps at 3.03%BTC funding rate is at 0.0263% (28.7985% annualized) on BinanceDXY is unchanged at 98.53Gold futures are up 0.34% at $3,348.20Silver futures are up 0.45% at $38.28Nikkei 225 closed unchanged at 39,663.40Hang Seng closed down 0.29% at 24,517.76FTSE is up 0.11% at 8,947.72Euro Stoxx 50 is down 0.41% at 5,332.42DJIA closed on Tuesday down 0.98% at 44,023.29S&P 500 closed down 0.4% at 6,243.76Nasdaq Composite closed up 0.18% at 20,677.80S&P/TSX Composite closed down 0.53% at 27,054.14S&P 40 Latin America closed up 0.14% at 2,600.94U.S. 10-Year Treasury rate is down 1.4 bps at 4.475%E-mini S&P 500 futures are down 0.14% at 6,275.50E-mini Nasdaq-100 futures are down 0.30% at 22,986.75E-mini Dow Jones Industrial Average Index are unchanged at 44,231.00

Bitcoin Stats

BTC Dominance: 64.85% (0.17%)Ether to bitcoin ratio: 0.02651 (-0.6%)Hashrate (seven-day moving average): 935 EH/sHashprice (spot): $59.88Total Fees: 4.17 BTC / $489,636CME Futures Open Interest: 156,645 BTCBTC priced in gold: 35.7 ozBTC vs gold market cap: 10.1%

Technical Analysis

The chart shows that DOGE is consolidating in a bull flag-like counter trend channel. A potential breakout would signal resumption of the initial uptrend.

Crypto Equities

Strategy (MSTR): closed on Tuesday at $442.31 (-1.93%), +1.73% at $449.98Coinbase Global (COIN): closed at $388.02 (-1.52%), +0.76% at $390.97Circle (CRCL): closed at $195.33 (-4.58%), +1.45% at $198.17Galaxy Digital (GLXY): closed at $20.86 (-2.75%), +3.02% at $21.49 MARA Holdings (MARA): closed at $18.76 (-2.34%), +1.87% at $19.11 Riot Platforms (RIOT): closed at $12.1 (-3.28%), +2.23% at $12.37Core Scientific (CORZ): closed at $13.76 (+1.47%), +0.22% at $13.79 CleanSpark (CLSK): closed at $12.19 (-3.25%), +2.13% at $12.45 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $25.05 (-2.03%)Semler Scientific (SMLR): closed at $42.18 (-6.74%), +1.35% at $42.75 Exodus Movement (EXOD): closed at $31.33 (-7.03%), +3.32% at $32.37

ETF Flows

Spot BTC ETFs

Daily net flows: $403.1 millionCumulative net flows: $53.04 billionTotal BTC holdings ~1.28 million

Spot ETH ETFs

Daily net flows: $192.3 millionCumulative net flows: $5.78 billionTotal ETH holdings ~4.53 million

Source: Farside Investors

Overnight Flows

Chart of the Day

The Japanese 10-year government bond yield is on the verge of setting new, multidecade highs above 1.58%. That could add to volatility in bond markets across advanced nations, potentially leading to a mini bout of risk aversion.

While You Were Sleeping

Trump Reaps $50B Tariff Haul as World ‘Chickens Out’ (Financial Times): Analysts say global restraint stems from fears of inflation, trade disruption and jeopardizing U.S. security ties, as even early retaliators like China and Canada backed down.Ether Races 6% Against Bitcoin as GENIUS Act Puts Spotlight on Yield-Bearing Stablecoins: Analyst (CoinDesk): 10x Research’s Markus Thielen said ETH’s latest rally reflects expectations the GENIUS Act will pass, prohibiting yield on U.S. stablecoins and increasing the Ethereum network’s appeal within crypto.Crypto Is Going Mainstream and ‘You Can’t Put the Genie Back in the Bottle,’ Bitwise Says (CoinDesk): The asset manager’s report said pending U.S. crypto legislation could unlock billions in new investment and pave the way for trillions in traditional assets to migrate onto blockchain infrastructure.Strategy’s Convertible Bond Prices Surge as Stock Advances Back Toward Record High (CoinDesk): The firm’s $8.2 billion in convertible debt now carries a $5.2 billion premium as the surging share price pushes five of six notes deep into the money, driving values higher.The European Charm Offensive That Helped Turn Trump Against Putin (The Wall Street Journal): President Trump’s shifting stance on Russia followed frustration with President Putin, the German chancellor’s pledge to fund U.S. air defense systems for Ukraine and European officials engaging in talks with pro-Ukraine U.S. politicians.U.K. Inflation Unexpectedly Rises to Highest Since January 2024 (Reuters): Headline CPI rose to 3.6% in June from 3.4%, complicating a possible August rate cut, with fuel, airfare and rail costs driving the increase. Inflation may peak near 3.7% by September.

In the Ether