Bitcoin’s rally above $109,000 was backed by strong onchain and technical signals.
Dogecoin has recently broken above its 50-day trendline, signaling a potential bullish reversal with a higher high and higher low pattern emerging. The $0.17 resistance level is critical; surpassing it
Bitcoin spot ETFs experienced a significant capital influx yesterday, recording a combined net inflow of $408 million. Leading this momentum, the Fidelity Bitcoin ETF (FBTC) attracted a substantial net investment
REX-Osprey’s Solana Staking ETF marks a pioneering milestone as the first U.S.-approved crypto staking ETF, generating $33 million in trading volume on its debut. The fund offers investors a unique
XRP price started a decent upward move from the $2.150 zone. The price is now consolidating gains and might face hurdles near the $2.285 zone. XRP price started a fresh increase above the $2.220 zone. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another decline if it fails to clear the $2.2850 resistance zone. XRP Price Restarts Increase XRP price found support near the $2.150 level and started a fresh increase, like Bitcoin and Ethereum . The price was able to recover losses and climbed above the $2.220 resistance level. The bulls were able to push the price above the $2.250 level. There was a spike above the 61.8% Fib retracement level of the downward move from the $2.327 swing high to the $2.148 low. However, the bears were active near the $2.2850 level. The price failed to surpass the 76.4% Fib retracement level of the downward move from the $2.327 swing high to the $2.148 low. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $2.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.2580 level. The first major resistance is near the $2.2850 level. The next resistance is $2.320. A clear move above the $2.320 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.40 resistance or even $2.420 in the near term. The next major hurdle for the bulls might be $2.50. Fresh Decline? If XRP fails to clear the $2.2850 resistance zone, it could start another decline. Initial support on the downside is near the $2.220 level. The next major support is near the $2.20 level and the trend line. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.150 support. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.220 and $2.20. Major Resistance Levels – $2.2850 and $2.320.
BlackRock’s acquisition of 696,874 Bitcoin, valued at $74 billion, marks a significant milestone in institutional adoption of digital assets through its spot Bitcoin ETF. This substantial holding underscores the growing
OpenAI has distanced itself from Robinhood’s new “OpenAI token” campaign, saying it did not authorize or participate in the promotion that offers users exposure to its ‘equity’ through tokenized assets. The AI company issued a firm statement on X on Wednesday, rejecting any involvement in the initiative, which the trading platform unveiled earlier this week. On Monday, Robinhood announced a giveaway of 5 euros worth of OpenAI and SpaceX tokens to eligible users in the European Union who register to trade its newly introduced stock tokens by July 7. The move was part of a broader product rollout in Cannes, France, focused on tokenized equities and blockchain infrastructure. The news sent Robinhood shares soaring to a new all-time high, crossing the $100 mark. These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful. — OpenAI Newsroom (@OpenAINewsroom) July 2, 2025 “Your Equity is Fake”: Elon Musk In response, Elon Musk, who co-founded OpenAI and currently leads SpaceX, amplified OpenAI’s denial with a blunt post of his own. “Your ‘equity’ is fake,” Musk wrote on X. His remark echoed his long-standing criticism of OpenAI’s shift from a nonprofit to a profit-driven model. However, his comment focused on OpenAI’s internal structure. He did not address the SpaceX tokens that were also part of the promotion. Robinhood, for its part, defended the offering. CEO Vlad Tenev acknowledged that the tokens were not technically equity but argued they give retail users a rare opportunity to gain exposure to private tech giants. “Our giveaway plants a seed for something much bigger,” he wrote, adding that the company has heard from many private firms interested in joining what he called a “tokenization revolution.” At our recent crypto event, we announced a limited Stock Token giveaway on OpenAI and SpaceX to eligible European customers. While it is true that they aren’t technically “equity” (you can see the precise dynamics in our Terms for those interested), the tokens effectively give… — Vlad Tenev (@vladtenev) July 2, 2025 Robinhood Says Tokens Offer Access, Not Equity, as Debate Over Legitimacy Grows According to the company, the assets are issued through a special purpose vehicle. They are then offered via Robinhood’s crypto platform. In addition, the company is using the EU’s more relaxed rules on investor participation to enable the launch. Further, Robinhood has stated that these tokens are designed to offer indirect exposure to private companies. This approach aims to expand access for individual investors who are typically excluded from traditional venture capital markets. Supporters online echoed that view. One user posted that the critics were “missing the forest for the trees. According to the post, access matters more than legal precision for everyday investors. In response, Tenev replied with a single word: “precisely.” Still, the episode shows ongoing tensions in the crypto space. On one side are platforms eager to democratize access to financial markets. On the other are companies whose brand and equity are being represented on-chain without formal partnerships. Additionally, regulatory barriers prevent US users from accessing these tokens. The post OpenAI Disavows Robinhood’s Tokenized Shares, Elon Musk Chimes In – What’s Going On? appeared first on Cryptonews .
Ethereum spot ETFs experienced a notable net outflow totaling $1.8236 million yesterday, reflecting a cautious stance among investors in the current market environment. Among these, the BlackRock ETF ETHA recorded
REX-Osprey’s groundbreaking Solana staking ETF overcame SEC hurdles and posted $33 million in first-day volume.
Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset has gained only 0.3%, while it declined 0.2% in the past 24 hours. At the time of writing, Ethereum is trading at $2,436. Notably, the ongoing lack of momentum reflects broader hesitation in the crypto market, even as institutional activity and whale behaviors provide structural support for price levels. Related Reading: Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key Ethereum Whales Accumulate, Retail Traders Remain Inactive In a recent market insight shared on CryptoQuant’s QuickTake platform, on-chain analyst Banker described Ethereum’s current phase as a “deadlock.” According to him, the market is witnessing steady accumulation from large holders, particularly visible through consistent ~60,000 ETH in weekly staking inflows and significant negative exchange netflows, which point to withdrawal activity exceeding deposits. However, these developments are being met with little to no increased activity from retail investors, creating a state of stagnation rather than bullish momentum. Banker noted that exchange data shows over 200,000 ETH being withdrawn in recent spikes, likely absorbed by institutional players. On the other hand, retail-driven deposits, which have reached around 100,000 ETH since 2023, are not enough to create breakout pressure. Daily active addresses remain flat at 300,000–400,000 levels, far below what has historically coincided with strong upward moves in Ethereum’s price. The neutral funding rate of 0.004% further reflects a lack of directional conviction among leveraged traders. According to Banker, the continued withdrawal activity by whales, combined with stable leverage usage, is creating a kind of supply squeeze that prevents significant downside pressure. However, without renewed participation from retail investors or a rise in daily address activity above 400,000, Ethereum is likely to remain within a narrow range. The report concludes that while downside is being contained by large holders, a meaningful breakout would require broader market engagement or a clear external catalyst. Exchange Activity, Divergences, and Macro Factors Add Headwinds Meanwhile, in a separate post, CryptoQuant analyst Amr Taha examined Ethereum’s exchange inflows and derivatives data, suggesting the market may be on the verge of short-term volatility. Taha reported that on July 1, over 100,000 ETH, worth around $250 million, were sent to Binance in two separate transactions. Such large inflows typically indicate selling intentions or a preparation for trades, especially when they coincide with other bearish signals. Related Reading: Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure Taha also highlighted a divergence between Ethereum’s spot price and Binance Open Interest. While ETH recently printed three local highs above $2,500, Open Interest has continued to decline, forming three lower highs. This lack of confirmation by derivatives traders suggests hesitation to commit to long positions. At the same time, US Federal Reserve net liquidity has dropped from roughly $6.2 trillion to $5.84 trillion, tightening financial conditions and reducing capital flows into risk assets like crypto. According to Taha, unless macro conditions improve or Ethereum-specific demand surges, the asset could face downward pressure in the short term. Featured image created with DALL-E, Chart from TradingView