Cryptocurrency markets are bracing for significant volatility in August. Trump's tariffs could lead to inflation in U.S. Continue Reading: Global Trade Moves Shake Cryptocurrency Markets The post Global Trade Moves Shake Cryptocurrency Markets appeared first on COINTURK NEWS .
The Binance Coin price has stuck to the $764 level today, with its consolidation coming as other major tokens – including BTC and SOL – suffer drops in the past 24 hours. BNB remains up by 3% in a week and by 18% in the past month, with the exchange token also sitting on a 36% increase in the past year. The alt is also fresh from setting a new record high of $808 earlier this week, and onchain analysis indicates that this is largely the result of rising adoption for Binance and its native token. So with the market set for further gains in the coming weeks and months, the long-term Binance Coin prediction remains incredibly bullish. Binance Coin Price Prediction: On-Chain Activity Triples as Price Dips – Is BNB the Next Solana? Posting on X, trader Axel Bitblaze observed that BNB has seen a significant spike in activity in recent weeks, including an impressive tripling of daily transactions, to 20 million. This is in addition to a doubling of monthly active addresses and a 400% increase in DEX volume, as well as recent updates that have made BNB Chain faster and more efficient. Damn $BNB silently went into price discovery mode and nobody is talking about it yet. let me walk you through on whats really going on: On the @binance exchange side, $BNB gives you trading fee discounts, staking yield, free airdrops via Launchpool all the stuff that keeps… pic.twitter.com/g3YunCzibt — Axel Bitblaze (@Axel_bitblaze69) July 24, 2025 Indeed, if we look at the BNB transaction data ourselves, we find that a big jump happened around May 3, when daily transactions stood at only 4.5 million. Since then, it has more than tripled, with BscScan suggesting that there was a peak of 17.6 million on June 20, and that today’s figure is 13 million. As such, volumes are consistently higher than they had been for the three and half years since late 2021 (save for a massive spike to 32.6 million in December 2023). This suggests that BNB Chain is steadily becoming a big fixture in crypto, with DefiLlama data indicating that it has a TVL of $6.7 billion, putting it third behind Solana (2nd) and Ethereum (1st). And this growth is reflected in Binance Coin’s price chart, which continues to display very strong momentum. In fact, BNB’s momentum has been so strong recently that it’s possible it may suffer a correction in the near term, with its RSI (yellow) falling from an overbought 90 today. Source: TradingView Its MACD (orange, blue) has also peaked in the past day or so, and could be on its way down, with the Binance Coin price. However, because BNB’s fundamentals remain strong, the alt could return to $800 in the next couple of weeks, before reaching $900 in Q4. Best Wallet Raises Over $14 Million for Native Token: Best New Altcoin for Fundamentals? While BNB looks like it could grow from strength to strength, it isn’t the only altcoin that could outperform the market in the second half of the year. There are also several interesting presale coins available right now, with one of the strongest being Best Wallet Token (BEST) , the native coin of the popular Best Wallet app. The presale for BEST opened a few months ago, and now it has raised in excess of $14.1 million, making it one of the biggest sales of 2025. Over $14M Raised & Climbing! Built for traders who want speed and early access. Buy early-stage tokens straight from the app Swap and bridge across chains with ease Clean interface, full control of your assets Download Best Wallet https://t.co/YZVS4oxbqw pic.twitter.com/he2vFsrNK9 — Best Wallet (@BestWalletHQ) July 21, 2025 In contrast to most presale coins, BEST will launch with a strong use case, given that it will be the native token of Best Wallet, which currently boasts over 250,000 active monthly users. And as the wallet’s native token, it will provide numerous benefits to holders, including discounts on fees, governance rights and early access to new tokens and projects. Holders will also be able to stake the token, giving themselves a regular income, on top of any price gains. Given that BEST’s presale has already raised so much, its future prospects look very good indeed, with newcomers able to join its presale by going to the Best Wallet Token website . BEST is currently selling for $0.025385, although this will rise again in just under two days. The post Binance Coin Price Prediction: On-Chain Activity Triples as Price Dips – Is BNB the Next Solana? appeared first on Cryptonews .
Strategy announced the upcoming placement of its Stretch (STRC) preferred shares. The offer will be priced at $90, expected to close on July 29. Strategy (MSTR) announced the extension of its preferred share program. Stretch (STRC) will be priced at $90, with the sale round expected to close on July 29. The price is at the bottom of the range where the firm intended to sell at a face value of $100. The placement announcement adds to the final features of STRC after the initial announcement. Strategy is preparing to place 28,011,111 shares at a public offering price of $90 per share. The company expects to raise $2.474B after commissions and fees. The higher amount of shares were announced after the STRC product was oversubscribed. The final offer surpasses even the corrected raise of $2B announced earlier this week. As with other preferred stock offerings, the proceeds of STRC will go toward acquiring more BTC and for the company’s working capital. At the current sale rate, STRC may help add between 17,000 and 21,000 BTC, depending on the market price. The raise is higher than the initially announced $500M , potentially showing heightened interest for new types of Strategy assets. The sale of STRC arrives after Strategy announced two weekly rounds of BTC acquisition financed solely with preferred shares. While the preferred shares may be riskier, this also prevents further dilution from MSTR issues. STRC to offer cumulative dividends STRC will accumulate dividends at a variable rate, and dividends will be payable when authorized by Strategy’s board. The initial monthly regular dividend will be at 9% annualized, but the rate may be adjusted at Strategy’s discretion. STRC issuance will be variable, aiming to maintain a $100 peg. To achieve this, Strategy will adjust the dividend rate, issue more STRC at $101, recall shares, or turn off the sale program under $99. STRC will be one of the most responsive products for Strategy, immediately reflecting demand and market conditions. The new instrument is issued as shares, but behaves like a passive income bond. During favorable times, Strategy can force a repurchase of STRC. During unfavorable BTC price periods, holders can sell back their shares at face value. The STRC dividend rate can be adjusted monthly, but by no more than 0.25% up or down. STRC is thus an instrument to pump cash into BTC, while behaving like a short-term fixed income instrument. The potential for yield and stability may make STRC appealing to mainstream retail investors. The STRC dividends will be paid out in cash, another feature that emulates short-term bonds. MSTR holds above $400 Despite the recent slide in BTC, MSTR shares still traded above $406. STRK preferred shares hovered around 111, STRF traded at $112, and STRD was at $0.87. The preferred shares gained support from a series of private placements, as well as general demand. STRC is not backed by the underlying BTC, which is reserved for only some of Strategy’s investors. Despite the instrument, Strategy’s approach works only if its market activities cause hype and more upside for BTC. The new STRC shares will be senior to STRK and STRD, as well as MSTR common stock, but junior to STRF and convertible bonds from previous rounds. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Further adventures in bulge bracket rationalisation of number-go-up economics
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The Bitcoin behemoth already holds more than 607,000 Bitcoin.
Summary YBIT offers high income via call writing on Bitcoin exposure, but the usual caveat exists with capped upside potential if Bitcoin rallies strongly. We covered BTCI recently, and we made several comparisons between the two, where BTCI looks like the stronger fund. YBIT's monthly distributions are attractive for income-focused investors, but they can be quite volatile, similar to the underlying asset. Written by Nick Ackerman, co-produced by Stanford Chemist We recently covered the NEOS Bitcoin High Income ETF ( BTCI ), which gives investors a fairly straightforward strategy of Bitcoin ( BTC-USD ) exposure while also writing call options to generate 'high income.' However, that isn't the only ETF in the space, and another one of the competitors out there is the YieldMax Bitcoin Option Income Strategy ETF ( YBIT ) . This is a fund sponsor that focuses specifically on generating 'yield' for income-focused investors, as its name would suggest. Given our recent dive into BTCI, we'll be making many comparisons between the two funds. YBIT Basics Dividend Frequency: Monthly Dividend Yield: 1.54% SEC yield, 45.72% Distribution Yield Expense Ratio: 0.99% Leverage: N/A Managed Assets: $152.63 million Structure: Active ETF YBIT's investment objective is "to seek current income." They also have the secondary investment objective to "seek exposure to the share price of the Bitcoin ETPs, subject to a limit on potential investment gains." The fund will seek to achieve this through "a synthetic covered call strategy on one or more select U.S.-listed Bitcoin ETPs." YBIT's Portfolio YBIT is fairly straightforward and quite similar to BTCI, which we covered previously. They provide exposure to BTC primarily through another ETF. For BTCI, they hold a sizeable stake in VanEck Bitcoin ETF ( HODL ), but they also have synthetic exposure through purchasing call options and selling put options. YBIT is long the iShares Bitcoin Trust ETF ( IBIT ) with a sizeable stake, and then the written call contracts. Further, both also have other cash and cash-equivalent positions through U.S. Treasuries. Within their prospectus , the fund also states that the fund can use a synthetic covered call strategy. 1. Synthetic Long Exposure To achieve a synthetic long exposure to each Underlying ETP, the Fund will buy call options on each Underlying ETP and, simultaneously, sell put options on each Underlying ETP to try to replicate the price movements of the Underlying ETP. The call options purchased by the Fund and the put options sold by the Fund will generally have one-month to one-year terms and strike prices that are approximately equal to the then-current share price of their corresponding Underlying ETP at the time the contracts are purchased and sold, respectively. The combination of the long call options and sold put options provides the Fund with investment exposure equal to approximately 100% of their corresponding Underlying ETP for the duration of the applicable options exposure. In addition to employing its synthetic options strategies described above, the Fund may achieve similar indirect exposure to each Underlying ETP by purchasing deep in-the-money ((ITM)) call options. Deep ITM call options have strike prices significantly below the current share price of the corresponding Underlying ETP, allowing the Fund to replicate the price movements of the Underlying ETP with minimal intrinsic value risk. The deep ITM call option approach may serve as an alternative to the synthetic long strategy or may be used in conjunction with it, depending on market conditions and the Adviser’s discretion. However, the latest holdings don't reflect that they are employing the strategy through an options approach, but simply through IBIT. YBIT Holdings (YieldMax) When looking at YBIT, the expense ratio for the fund is 0.99%. Since more than half of the underlying portfolio is another ETF, considering the IBIT expense ratio can be important too, which comes in at 0.25%. For some context, BTCI's expense ratio comes to 0.98% with HODL's expense ratio being waived through January 10, 2026. However, there is some fine print; if the ETF garners over $2.5 billion AUM before that date, the fund will see assets above that level charged 0.20%. Post that waiver date, all assets will see a 0.20% expense ratio. With that said, it would favor BTCI currently on the expense front. In addition, that is particularly true because HODL comes to around 25% of BTCI's exposure. So that is something to consider if trying to decide between the two. High 'Yield' From Options The written option contracts will help to generate the 'income' via the collection of option premiums. Since BTC is quite volatile, the underlying options on the CBOE Mini Bitcoin U.S. ETF Index (MBTX) comes with relatively high implied volatility—at least when compared to something like the broader equity market as measured by the SPDR S&P 500 ETF ( SPY ). When we looked at BTCI, it was around double. At the time of writing this, it is even higher by a significant margin, with implied volatility at around 37% for MBTX at the $290 strike, which we see listed in YBIT's holdings above. That can be compared to ~11% for SPY on the first few strikes above the current ~$623 trading level. MBTX Option Chain (Fidelity) That's how you can end up with distribution rates that are well into the double-digits. YBIT Distribution Yield (YieldMax) For those curious, the 30-Day SEC Yield is the result of the U.S. Treasury holdings minus the expense ratio. So there are some small amounts of interest payments being generated within the portfolio that would also be paid out to investors. It's just very small and quite insignificant when looking at the overall ~46% distribution rate. The fund also pays monthly, but just as fluctuating as the underlying asset is impacting the implied volatility, its payout can equally be as volatile. The monthly pay certainly means that investors don't have to wait too long between payments, though. YBIT Distribution History (Seeking Alpha) While the option writing generates the attractive distribution yield that investors are looking for, it also comes with a downside. For investors who are familiar with call writing funds, they know that upside can be capped. This is because, for example, if MBTX rises rapidly above the $290 strike price, YBIT's gains are capped at that level. The breakeven would be $290 plus the premium received, though the premium is paid out to investors in this case, meaning the NAV/share price is adjusted for that. In looking at BTCI previously, we already know that gains have been capped relative to its ETF holding, HODL, which offers straight exposure to BTC. Now, we can compare YBIT, BTCI, HODL and IBIT—which we can see that YBIT is underperforming by a significant margin relative to BTCI. YCharts Data by YCharts We would assume that it would underperform HODL and IBIT, because we know that BTC has been blasting higher at a rapid clip. That's why we see BTCI underperform as well. Still, the sheer difference between YBIT and BTCI is a bit shocking, at least initially. This is certainly more than just the higher expense ratio we see for YBIT. In this case, it appears that YBIT ends up giving up further upside by being overwritten through covered calls relative to BTCI. BTCI uses synthetic long positioning, and while YBIT has it stated in their prospectus that they can as well, they don't appear to be utilizing that strategy. At least, if they are, it appears that they aren't doing so as effectively. For example, coming out of the April decline and into a strong May, it is quite likely that they started overwriting the portfolio to a lesser degree to participate in the upside recovery. I don't follow this fund every day, watching every single holding they have, that's why management gets paid their advisory fee; however, simply looking at the chart suggests that's a pretty good educated guess of what occurred. With that said, one of the reasons I would still prefer to hold some exposure to something like BTCI (and I own ProShares Bitcoin ETF ( BITO ), which is a different approach) is that they pay distributions. Every distribution received is a 'guaranteed' return in the fact that those cash distributions can't be pulled back. At least, if one doesn't reinvest it back into the fund or elsewhere. When holding funds like HODL or IBIT, or even BTC itself, you're at the whims of the daily market fluctuations in terms of your returns. Conclusion YBIT is another offering in the Bitcoin space that looks to generate a yield from writing call options. This would be thanks to high implied volatility, which leads to some truly massive distribution rates that can be generated from the strategy. However, it can also cap upside if BTC continues to rise at a rapid pace. For YBIT, that does appear to have been an issue relative to BTCI. BTCI still saw its upside capped relative to straight vanilla BTC ETFs, as expected, but to a meaningfully lesser degree. Past performance does not guarantee future results, but at least for this relatively short tracking period, the win would go to the NEOS team.
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Leading cryptocurrency Bitcoin (BTC) has been declining following increased selling pressure following its ATH of $123,000 in recent weeks. At this point, while BTC fell to the level of 115 thousand dollars, it was stated that Galaxy Digital's BTC transfer, which reached a total of 3.5 billion dollars, was behind this decline. According to data from Lookonchain, Galaxy Digital transferred 30,000 BTC worth approximately $3.5 billion today. Lookonchain noted that the company sent most of these BTC directly to exchanges and sold them. Update: #GalaxyDigital has transferred nearly 30,000 $BTC ($3.5B) out today, most of which went directly to exchanges and were sold. Then #GalaxyDigital withdrew 1.15B $USDT from exchanges. #GalaxyDigital still holds 18,504 $BTC ($2.14B). https://t.co/bVtNwP2iXI pic.twitter.com/Wv1cD3aHbf — Lookonchain (@lookonchain) July 25, 2025 Sharp Fall in Bitcoin! Bitcoin experienced its steepest decline in recent days, falling from $118,000 to $115,000 overnight. While Galaxy Digital's sales were influential in Bitcoin's decline, these transactions attracted attention because they occurred immediately after the company recently acquired 80,000 BTC from a wallet dating back to the Satoshi era that had been dormant for 14 years. While Galaxy Digital’s BTC transfers further fueled fears of selling pressure, it was stated that Galaxy Digital still holds 18,504 BTC worth $2.14 billion. Galaxy Digital CEO Mike Novogratz told CNBC yesterday that Bitcoin could reach $150,000 and Etheruem could reach $10,000 by the end of the year. *This is not investment advice. Continue Reading: The Reason for Bitcoin's Decline Revealed! A Giant Company Launches a Billion-Dollar Night Operation!
Key Takeaways: Matrixport expects a Bitcoin consolidation phase to extend through August. Crypto Week activity failed to sustain retail or institutional momentum. Stablecoin frameworks like the GENIUS Act could influence Treasury demand and impact digital asset positioning. Bitcoin’s recent rally appears to be losing momentum, with Matrixport projecting a period of consolidation through August after “Crypto Week.” In a July 25 report shared on social media, Matrixport said Bitcoin had reached a technical ceiling at $122,000, following a breakout earlier in the month that lacked sustained leverage support. Anticlimatic Market Post Crypto Week Although retail activity increased during the U.S. “Crypto Week,” analysts observed limited follow-through. #MatrixOnTarget Report – July 25, 2025 Bitcoin Hits Seasonal Brake: Time to Rotate or Reload? #Matrixport #Bitcoin #BTC #CryptoMarket #GENIUSAct #MarketConsolidation #InstitutionalAdoption #ETH #OnChainData #FedWatch #MacroOutlook #RiskSentiment pic.twitter.com/KGwLGc7O2K — Matrixport Official (@Matrixport_EN) July 25, 2025 The firm described the move as “poised to cool” in its prior July 18 note, which preceded a weekly decline of 0.6%. Open interest in Ethereum futures rose sharply from $14 billion to $25 billion, though funding rates remained relatively stable. Matrixport expects these rates to reprice lower over the coming weeks, prompting position unwinding. The report also cited rising profit-taking pressure from early holders and a shift toward risk reduction as the market enters a slower summer cycle. Matrixport noted that confidence among long-position holders now hinges on continued upward price action. Without it, leveraged trades may be unwound, especially in the face of higher carry costs. Industry Enters “Quieter Summer” The White House’s anticipated Bitcoin reserve strategy report has been delayed to July 30, missing the original 180-day deadline of July 22. Matrixport does not expect substantive new policy direction from the document, suggesting attention has shifted to the GENIUS Act , which focuses on stablecoin-backed Treasury demand. “As we enter the quieter summer period and approach the seasonal recess, we anticipate an increase in position squaring (unwinding),” the report stated. “With the end of U.S. Crypto Week marking a peak in market momentum.” The firm sees the current market phase as technically overbought and expects limited upside without fresh catalysts. Rising market complexity is also driving increased use of technical overlays and macro signals in digital asset trading strategies. Positioning decisions are becoming more sensitive to broader monetary dynamics, including real yields, funding spreads, and cross-asset correlations. With instruments like the GENIUS Act linking stablecoin issuance to U.S. Treasuries, short-term rate expectations may play a larger role in shaping digital asset flows going forward. Frequently Asked Questions (FAQs) What are real yields, and why do they matter to crypto markets now? Real yields—adjusted for inflation—affect risk appetite and capital flows. Investors are factoring real yield changes into positioning decisions. What does a rise in open interest without rising funding rates imply? It may signal muted bullish conviction. If leverage builds but traders aren’t paying higher funding costs, it suggests hedging or indecision, rather than directional confidence. Why is position squaring a concern during the summer cycle? Summer trading often sees reduced volume and thinner liquidity. Without catalysts, large open positions may be unwound to manage exposure, contributing to sideways or downward price pressure. The post Matrixport Flags Summer Consolidation After Crypto Week Surge appeared first on Cryptonews .