"Blessed is the man, who having nothing to say, abstains from giving wordy evidence of the fact."
- George Eliot
This daily brief is updated throughout the day so come back to see the latest and greatest.
BITCOIN
Bitcoin speculators hint at 'local bottom' as buyers target $117.5K (Cointelegraph) - Bitcoin profit-taking may be inadvertently revealing the next "local bottom" for BTC price, new analysis suggests.
Bitcoin liquidity wars carry on, but BTC price target remains $140K (Cointelegraph) - Bitcoin holds firm above $115,000 as resilient buyers absorb sell pressure, setting the stage for a potential breakout to new highs.
'This isn't a top': Here's why Bitcoin analysts say BTC will break $123K (Cointelegraph) - Several Bitcoin onchain metrics are suggesting that BTC’s market structure remains strong and the bull cycle has more room to run.
Largest bitcoin miner MARA plans $850 million convertible note offering to buy BTC and restructure debt (The Block, Cointelegraph, Decrypt) - Buyers have a 13-day option to purchase an additional $150 million, potentially bringing the total raise to $1 billion.
Analyst: Low Bitcoin Flow to Exchanges Points to High Market Confidence (CryptoPotato) - Bitcoin inflows to exchanges remain unusually low despite near-record prices, suggesting strong holder confidence in the ongoing rally.
ETHEREUM
Ethereum Demand Shock Could Send ETH to $10K This Year (CryptoPotato) - Ethereum has been on a tear recently, and its price will continue to rise due to a demand shock, according to industry experts.
Trump-linked World Liberty Financial buys over 3,400 ETH for $13 million, onchain data shows (The Block) - Ether has seen growing investor demand, with spot Ethereum exchange-traded funds recording $533.9 million in net inflows on Tuesday.
Bitwise Sees $20 Billion Institutional Surge Ahead for Ethereum (BeInCrypto) - Due to explosive institutional demand, with Ethereum ETFs and corporate treasuries leading the way.
ETFs
Bitcoin, Ethereum ETF Issuers Likely to Get SEC Approval for In-Kind Redemptions: Analyst (Decrypt) - Following a recent spate of filings from issuers to add in-kind redemptions to their Bitcoin and Ethereum ETFs, a Bloomberg analyst says progress is likely being made with the SEC.
US spot Ethereum ETFs see $534 million in inflows, third-largest on record amid sustained ETH momentum (The Block, Cointelegraph) - Meanwhile, spot bitcoin ETFs saw $67.9 million flow out of the products.
SEC approves, then instantly pauses Bitwise’s ETF conversion (Cointelegraph, BeInCrypto, Decrypt) - SEC greenlights Bitwise ETF, then halts it hours later — analysts say politics or missing crypto rules could be behind the sudden reversal.
ALTCOINS
Solana ETF crosses $100M in just 12 days (Finbold) - Namely, the Solana Staking ETF (SSK) managed to cross $100 million in assets under management (AUM) within just 12 days after its debut on July 2, 2025.
Crypto confusion: 50% of non-investors don’t understand it well enough to buy (Cointelegraph) - A survey conducted by the National Cryptocurrency Association explored why some people aren’t comfortable investing in digital assets.
MEI Pharma Pioneers Litecoin Treasury Strategy With $100 Million Commitment, Stock Surges (BeInCrypto) - The decision to adopt LTC has sparked a 111% surge in MEI Pharma’s stock price, reflecting strong investor confidence in the company’s direction.
Analyst Predicts Rallies for XRP, ADA, DOGE and Two Additional Altcoins Amid $74,500,000,000 Capital Inflows Into Crypto (The Daily Hodl) - Crypto strategist Ali Martinez unveils his massive price target for the payments altcoin XRP after it broke out from a bullish continuation pattern.
DOGE price gained 340% the last time this indicator turned bullish (Cointelegraph) - Dogecoin price rallied between 270% and 340% after similar bullish crosses in the past, and the same signal is flashing again this July.
Expert maps start of Dogecoin’s ‘aggressive breakout’ to $1.5 (Finbold) - The analysis draws on a trading model known as ‘Livermore’s Accumulation Cylinder,’ aligning it with DOGE’s ongoing bullish megaphone pattern.
84% of GPs and LPs are ‘optimistic’ about crypto markets (Blockworks) - A Barnes & Thornburg survey shows that the regulatory clarity for crypto is leading to an uptick in interest from investment professionals
JPMorgan Chase Considering Allowing Clients To Borrow Against Their Crypto Assets: Report (The Daily Hodl) - The Financial Times, citing anonymous sources “familiar with the matter,” reports that the top global investment bank could start lending against crypto assets next year.
VOICES
James Check: Bitcoin hitting $200K this year ‘very improbable,’ says analyst (Cointelegraph)
Bitwise: Ethereum rally driven by structural demand surge (The Block)
TWEETS
BREAKING: $11.5 TRILLION BlackRock says investors are looking to Bitcoin to diversify. "The dollar is losing its shine." (@BTC_Archive)
BREAKING: Bitcoin just made its highest daily close in history at $120,297 🔥 (@BTC_Archive)
JUST IN: Elon Musk and Tesla did not sell any Bitcoin holdings in Q2 2025. Still waiting for them to buy more⏳(@BTC_Archive)
JUST IN: Jim Cramer says he is buying Bitcoin. Is this bullish or bearish? 😅 (@BTC_Archive)
JUST IN: $10 Trillion Fidelity Bitcoin ETF will now allow in-kind redemptions. This allows institutions to settle in Bitcoin instead of dollars 🚀 (@BTC_Archive)
JUST IN: $185 Billion KeyBank to launch Bitcoin trading and custody to 3.5m customers. (@BTC_Archive)
JUST IN: Tether is working on entering the United States with a domestic strategy following its visit to the White House. (@BTC_Archive)
JUST IN: Adam Back's $3 billion Bitcoin company BSTR says it will soon hold over 50,000 BTC. “We’re trying to position ourselves as the Berkshire Hathaway of Bitcoin.” 👀 (@BTC_Archive)
JUST IN: MARA is raising $850 million to buy more Bitcoin 🔥(@BTC_Archive)
JUST IN: Jack Dorsey's Bitcoin company Block will join the S&P 500 today (@BTC_Archive)
JUST IN: Matador Technologies Inc. secures $100,000,000 in financing to buy more Bitcoin. Corporate adoption is heating up. 🔥 (@BTC_Archive)
$BTC No changes here. Bitcoin is still trading in this local $115K-$121K range. It could easily take another week or so within this area so don't get chopped up. (@DaanCrypto)
Bitcoin makes up only 0.2% of all global assets. t's still early 🟧 (@BTC_Archive)
$ETH Has been respecting its horizontals against $BTC very well. (@DaanCrypto)
VIDEO OF THE DAY
PODCAST OF THE DAY
Udi Wertheimer on Why Bitcoin Could Reach $400,000 by Year's End https://podcasts.apple.com/us/podcast/unchained/id1123922160?i=1000718484162
