"The greatest pleasure I know, is to do a good action by stealth, and to have it found out by accident."
- Charles Lamb
BITCOIN
Bitcoin seller exhaustion 'likely' as trader eyes $115K BTC price dip (Cointelegraph) - Bitcoin can still surpass all-time highs, but doubts surface over how quickly bulls can get past the latest sub-$120,000 consolidation phase.
BTC Long-Term Holders Realize High Profits: Is This a Market Top Signal? (CryptoPotato) -LTHs have increased their selling activities and are taking profits, but a market top has not yet been reached, as transactions are not at excessive levels.
New Bitcoin analysis says ‘most explosive phase’ to $140K is close (Cointelegraph) - Bitcoin price consolidation after a powerful rally to record highs is normal. Will the current bull pennant confirm and send BTC beyond $136,000?
$1 Trillion Capital Is All It Takes for Bitcoin to Hit $1 Million (BeInCrypto) - Analysts predict Bitcoin could reach $1 million, citing a doubling of the global money supply and increased liquidity as key factors.
More Public Companies Turn to Bitcoin This Week As Corporate Adoption Rises (BeInCrypto) - Corporations worldwide are shifting treasury strategies from cash to Bitcoin, reinforcing its role as a long-term reserve asset.
Strategy’s premium justified by Bitcoin capital flywheel, says TD Cowen (The Block) - TD Cowen says Strategy’s premium is justified, as one MSTR share now controls 20.8% more Bitcoin than it did on Jan. 1, after buying 6,220 BTC last week.
Strategy launches Bitcoin stock pegged at $100 to increase treasury (Cointelegraph) - Strategy aims to launch a stock akin to a synthetic stablecoin, enabling the company to absorb more fiat money to convert into Bitcoin capital.
Genius Group cites GENIUS Act as it boosts Bitcoin stash to 200 BTC (Cointelegraph) - Singapore-based AI edtech firm Genius Group doubled its Bitcoin holdings to 200 BTC in July while expanding its crypto initiatives under the newly passed GENIUS Act.
SpaceX just moved $153M in Bitcoin after three years (The Street, Finbold, BeInCrypto, The Block) - Sparking questions over custody, strategy, and Elon Musk's plans.
Billionaire Jack Dorsey’s Bitcoin Treasury Company Block Joins S&P 500 Index (The DailyHodl) - Block announced last week that effective July 23rd, the firm will be part of the top index, which tracks the stock performance of 500 large companies listed on US stock exchanges.
Why economist Peter Schiff is recommending selling Ethereum to buy Bitcoin (Finbold) - It’s worth noting that Schiff has long been a critic of cryptocurrencies, particularly Bitcoin, arguing the asset has no intrinsic value and consistently advocating for gold instead.
Bitcoin (BTC) on Verge of Worst Month in Price's History (UToday) - Bitcoin (BTC) bulls, beware — Nine days remain before worst month in price's history
Accumulation of Major Bitcoin Investors and Whales Powering BTC Uptrend As Ethereum Witnesses Trend Reversal in Buyer Behavior (The DailyHodl) - Analytics firm Glassnode says that large Bitcoin investors are gobbling up BTC, fueling the crypto king’s ascent above $100,000.
Bitfarms Stock Jumps After Bitcoin Miner Reveals $64 Million Share Buyback Plan (Decrypt) - The Nasdaq-listed shares of Bitcoin miner Bitfarms pumped Tuesday after the Canadian company announced a share buyback program.
BitMine Immersion Rises After ARK Invest Buys $182 Million in Ethereum Treasury Shares (Decrypt) - BitMine Immersion shares were up a day after Cathie Wood's ARK Invest purchased $182 million of the Ethereum treasury company's stock.
Sharplink buys $259M in Ether as ETH accumulation race heats up (Cointelegraph, The Block, Decrypt) - SharpLink bought 79,949 ETH — its largest such purchase — to reclaim its status as the world’s largest public ETH holder.
Fidelity just bought over $120 million in Ethereum as institutional appetite surges (Finbold) - Institutional demand for Ethereum (ETH) continues to accelerate, with Fidelity making one of the largest single-day purchases this week.
PNC strikes deal with Coinbase to bring cryptocurrency services to banking customers (The Block, Cointelegraph) - PNC looks poised to let clients buy, hold, and sell crypto via Coinbase’s CaaS platform and will also provide banking services to the U.S. digital asset exchange.
US SEC approved conversion of the Bitwise crypto index fund — then hit pause (Cointelegraph) - The SEC’s Division of Trading and Markets granted an “accelerated approval” of the Bitwise 10 Crypto Index ETF on Tuesday.
JPMorgan Mulls Using Customer Crypto as Loan Collateral: Report (Cointelegraph) - Exploring loans backed by crypto assets like BTC and ETH, possibly launching the service in 2026.
ALTCOINS
XRP price breaks out: These charts predict rally toward $6 (Cointelegraph, CryptoPotato) - Multiple technical and onchain indicators suggest a potential XRP price rally toward the $6 milestone before the end of 2025.
XRP flashes major sell-off signal; Is crash below $3 next? (Finbold) - Specifically, the Relative Strength Index (RSI), which measures the speed and change of price movements, is signaling overbought conditions.
Ripple’s Massive 200,000,015 XRP Transfer Raises Eyebrows (UToday) - Mammoth amount of XRP moved, supposedly by Ripple blockchain giant
Solana Smashes Back to $200, Could New Highs Be Next? (CryptoPotato) - Analysts see SOL’s momentum echoing ETH’s alongside a growing institutional adoption.
Dogecoin Could Get a Massive Network Upgrade (Decrypt) - Dogecoin could rival the likes of Ethereum and Solana, developers say, if a new network upgrade proposal is passed and implemented.
Dogecoin Reversal Imminent? Bollinger Bands and RSI Signal Overbought Trend (UToday) - More than 30-day rally of Dogecoin may soon come to end as overbought conditions now emerge on-chain
Cardano (ADA) Price Under Pressure as $34 Million Liquidation Risk Looms (BeInCrypto) - Long liquidations sit below $0.749, posing a major threat if the Cardano price breaks current support.
Western Union joins stablecoin race, eyes crypto partnerships: CEO (Cointelegraph) - Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity.
REGULATION
FBI Ends Investigation Into Kraken Founder Jesse Powell, Returns Dozens of Seized Computers and Devices: Report (The DailyHodl, Cointelegraph, Decrypt) - According to Fortune, new court documents submitted by Powell this week indicate that the Justice Department has completely stopped investigating the Kraken founder.
VOICES
Ali Martinez: Bitcoin ‘could march toward $131k’, says crypto expert (Finbold) - Bitcoin could march toward $131,200, provided it maintains a critical support level at $117,400.
Robert Kiyosaki: 'Rich Dad Poor Dad' Author: Save Bitcoin – Biggest Crash in History Coming (UToday) - Renowned financial expert Kiyosaki warns of current Fed and USD crisis getting worse
Dan Tapiero: Crypto ecosystem reaching $50 trillion as he launches new $500 million fund under 50T rebrand (The Block) - 10T and 1RT funds have consolidated and rebranded as 50T. The consolidated firm has launched a new $500 million growth equity fund.
Jack Maller: https://x.com/BTC_Archive/status/1947750099263668361
Max Keiser: Blasts Trump’s $2B Bitcoin Play: ‘He’s Front Running Americans’ (CryptoPotato) - Critics accused Trump of frontrunning the U.S. Bitcoin reserve plan by making personal BTC investments first.
TWEETS
NEW: Jack Dorsey's Square to allow merchant to accept Bitcoin native transactions from today! 🔥 (@BTC_Archive)
NEW: JUST IN: South Korean Bitmax adds $5.2M Bitcoin to its treasury. They now hold 444 BTC worth $522.8 Million (@BTC_Archive)
JUST IN: Mexican real estate firm Grupo Murano to buy $1 BILLION worth of Bitcoin. They plan to build a $10 BILLION Bitcoin treasury within 5 years 🇲🇽(@BTC_Archive)
JUST IN: Adam Back’s Bitcoin company BSTR now holds the 4th-largest corporate treasury. 🟧 (@BTC_Archive)
JUST IN: South Korea’s ruling party reveals plan to accelerate Bitcoin and crypto legislation following the Genius Act 🇰🇷 (@BTC_Archive)
JUST IN: Public company Volcon Inc. just raised $500 million to buy Bitcoin - Corporate FOMO is heating up 🔥 (@BTC_Archive)
JUST IN: JP Morgan is looking to offer Bitcoin-backed loans to clients, Financial Times confirms (@BTC_Archive)
JUST IN: U.S. lawmakers release Bitcoin and crypto market structure discussion draft. (@BTC_Archive)
JUST IN: Coinbase partners with $325 BILLION PNC Bank to bring Bitcoin and crypto to its 12 million customers (@BTC_Archive)
More Americans own Bitcoin than gold (@BTC_Archive)
We are on “a path toward Bitcoin as everyday money.” - Jack Dorsey (@BTC_Archive)
Only 0.01% of the world owns more than 1 Bitcoin. It’s still early. 🟧 (@BTC_Archive)
$BTC The longer price keeps hovering around this area, the more positions will be building up on both sides. Those positions will be fuel for wherever this moves next. The main areas to watch in the short term are ~$115K-$120K. The biggest liquidity cluster currently sits below this local range at ~$115K. (@Danncrypto)
"Digital assets are the future." -US Senate Majority Leader John Thune (@BTC_Archive)
$BTC's Total Cumulative Spot ETF Flows are sitting at +$54.5B after just 1.5 years of trading. (@DaanCrypto)
Steak N Shake new commercial: https://x.com/BTC_Archive/status/1947649315419165063
VIDEO OF THE DAY
PODCAST OF THE DAY
https://podcasts.apple.com/us/podcast/the-pomp-podcast/id1434060078?i=1000718364491
