An ancient Bitcoin whale has successfully liquidated their entire stash of 80,202 BTC after holding for 14 years, generating approximately $9.53 billion at an average selling price of $118,834. Over the last three days, the whale operating from a Bitcoin address ending in “f4au0” has been systematically disposing of its cryptocurrency reserves. Most notably, on July 15, intelligence data from Arkham, spotted by EmberCN, showed that a whale from the Satoshi era executed a transfer of 40,000 BTC, with 18,343 BTC valued at $2.172 billion being directed to Galaxy Digital, a platform that provides over-the-counter (OTC) Bitcoin trading services. [8 万枚 BTC 远古巨鲸] 昨天移动的 40,192 枚 BTC ($48.3 亿) 已在 20 分钟前继续全部转移给 Galaxy Digital。 至此，远古巨鲸在 3 天时间里，清仓持有了 14 年之久的 80,202 枚 BTC。价值 $95.3 亿，转出均价 $118,834。 而 14 年前这些 BTC 价值仅 $13.2 万，增长了 7.2 万倍！… https://t.co/p6Dlg2t3ME pic.twitter.com/ZMqtHmtzkn — 余烬 (@EmberCN) July 17, 2025 From $1.64 to $118K: The Ancient Bitcoin Whale 72,000X Return Yesterday, the whale also moved an additional 40,192 BTC, worth $4.83 billion, routing these funds to Galaxy Digital. The recent transaction has now completed the full liquidation of the 80,000+ Bitcoin holdings, which Arkham confirms have been entirely sent to exchanges. When originally acquired fourteen years ago, these Bitcoins were valued at merely $132,000, equating to approximately $1.64 per coin. This investment has delivered the whale an extraordinary 72,000-fold return. It’s worth noting that Bitcoin began with zero value when Satoshi Nakamoto published the Bitcoin whitepaper in 2009. The cryptocurrency’s price subsequently rose from its sustained $0.10 level to $0.20 on October 26, 2010. Source: Investopedia During 2011, BTC began climbing above $1, ultimately reaching a high of $29.60 on June 8, 2011. The whale likely accumulated their Bitcoin position between February and April 2011. This transaction exemplifies the effectiveness of the popular cryptocurrency strategy “HODL,” which advocates maintaining investment positions despite market volatility. This contrasts sharply with the German Government, which many criticized for “paper handing” $3.51 billion after selling 54,000 BTC when Bitcoin traded around $58,000 in 2024. Additionally, this isn’t the first instance of dormant Bitcoin whales becoming active, particularly during bullish market phases. Last year at this time, a wallet connected to a Bitcoin miner who earned 50 BTC as a mining reward on July 14, 2010, just months following the Bitcoin network’s launch, also transferred their complete Bitcoin holdings to the Binance exchange. The miner generated over $3 million in profits from coins that were previously worth fractions of a penny. 1.75M Satoshi-era Wallets Still Hold $121B in Bitcoin A Fortune report indicates that approximately 1.75 million Bitcoin wallets have remained dormant for over ten years. These wallets collectively contain 1,798,681 BTC, representing approximately $121 billion in value. Source: Fortune Notably, the sudden reactivation of inactive wallets often generates speculation that Bitcoin whales may be preparing to liquidate substantial portions of their holdings, which can result in increased Bitcoin price volatility. For instance, during the previous occasion when the “f4au0” Bitcoin whale disposed of their holdings , approximately $236 million was deposited directly to exchanges, including Binance and Bybit, indicating that portions of the position were likely being prepared for sale. Currently, it appears the selling pressure on Bitcoin has temporarily stalled price momentum. At the time of writing, Bitcoin is trading at $118,606, down 0.8% during the early trading hours of Friday. CoinGlass data reveals that traders continue to short Bitcoin, establishing a significant liquidation barrier at $121,500. However, analysts maintain that the bull run remains far from over, particularly with the emerging altcoin season, which has seen XRP establish new all-time highs above $3.7 and Ethereum break through its six-month resistance level of $3,500 . The total crypto market cap is rapidly approaching the $4 trillion mark, propelled by strong gains in Bitcoin, Ether, XRP. #Crypto #Trump https://t.co/xp4hohXxhE — Cryptonews.com (@cryptonews) July 18, 2025 Regarding Bitcoin, technical analysis suggests that surpassing the $121,000 resistance level could open the path for Bitcoin to advance toward $132,000. The post Ancient Bitcoin Whale Completes $9.53B Selloff After 14 Years, Turns $132K Into Billions appeared first on Cryptonews .
Prominent crypto analyst BarriC has stirred the XRP community with a bold prediction that the token is on the verge of a historic breakout. In a recent X post, BarriC charted an ambitious path for XRP: a climb to $4, a surge to the $10–$20 range, and ultimately a parabolic rise toward $100 and even $1,000. While his forecast has captured the imagination of many investors, it has also reignited debates over the realism of such targets. XRP Approaches Critical Milestone XRP is currently trading around $3.43, having reached an intraday high of $3.65, fueled by renewed bullish sentiment and rising market participation. The token has gained significant ground over the past week, breaking key resistance levels and entering price territory not seen in years. BarriC’s forecast hinges on XRP decisively breaking the psychological $4 mark, a move he argues would confirm the start of a multi-stage rally. According to BarriC, once XRP enters the $4 range, momentum will carry it swiftly into double-digit territory, between $10 and $20. He attributes this expected rise to increased utility, growing institutional interest, and a coming shift in global finance where XRP will play a key role in cross-border payments and liquidity management. $XRP is about to hit $4 Then $XRP will skyrocket into double digits $10-$20 Then It’s a clear path for #XRP to skyrocket beyond $100 towards $1,000 — BarriC (@B_arri_C) July 18, 2025 Triple-Digit XRP: Vision or Fantasy? BarriC doesn’t stop at $20. He claims that once XRP proves its utility at scale, the floodgates will open, propelling the token to $100 and eventually toward the $1,000 mark. His outlook is based on the premise that XRP will become a foundational layer in a new financial system, facilitating trillions in cross-border value transfers. This narrative aligns with broader enthusiasm about Ripple’s enterprise partnerships and the growing legitimacy of digital assets following pro-crypto r egulatory milestones like the GENIUS Act. Still, BarriC’s call for $100–$1,000 XRP is far from universally accepted. Skepticism Among Analysts While some traders share a cautiously bullish outlook, many analysts remain skeptical of triple-digit XRP price predictions. Critics argue that reaching $100 would require XRP’s market cap to exceed $5 trillion, more than double that of Apple or Microsoft. They caution that such valuations are unrealistic without unprecedented global adoption and regulation. Veteran traders like Javon Marks suggest that XRP could plausibly reach $15–$20 in the current cycle, especially if bullish momentum holds and institutional inflows increase. However, most agree that $100 remains a long-term aspiration, not an imminent milestone. Others have been even more blunt in their criticism, with some describing $100 forecasts as “delusional” given the current market structure, token distribution, and regulatory headwinds still facing the digital asset space. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Where XRP Stands Now From a technical perspective, XRP has shown strength in recent weeks, breaking out of long-term resistance and establishing higher support levels. Analysts highlight $3.00 and $2.65 as near-term support zones, while $4.00–$4.20 remains the next key resistance. A clean break above this range could open the door to $5 and beyond, giving more weight to the early phases of BarriC’s prediction. However, the path to triple-digit XRP is littered with obstacles, from macroeconomic uncertainty to the pace of institutional adoption. Still, in a market often driven as much by belief as by fundamentals, bold predictions like BarriC’s have the power to shape sentiment and stir momentum. BarriC’s assertion that XRP is heading for $100, and even $1,000, paints a compelling, if controversial, vision for the token’s future. While the technical and fundamental arguments for a continued rally are strong, the leap to triple digits remains highly speculative. Nonetheless, XRP’s recent surge, coupled with shifting regulatory winds and expanding utility, means the token could be entering one of the most pivotal phases of its history. Whether or not it fulfills BarriC’s vision, the road ahead promises to be anything but dull. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Pundit: Path Is Clearing for $100 and $1000 XRP Price appeared first on Times Tabloid .
BitcoinWorld Upbit EGLD Alert: Crucial Suspension for MultiversX Upgrade In the fast-paced world of cryptocurrency, staying informed is paramount. A recent announcement from South Korean crypto exchange Upbit has caught the attention of many investors, particularly those holding EGLD tokens. This isn’t just another routine update; it’s a critical heads-up about an upcoming temporary halt in services that could affect your trading strategies. Are you prepared for the changes coming to EGLD on Upbit? What’s Happening with Upbit EGLD Deposits and Withdrawals? Upbit, one of the leading digital asset exchanges, has officially communicated a temporary suspension of Upbit EGLD deposits and withdrawals. This crucial decision is set to take effect around 09:00 UTC on July 24 . The announcement, made via their official website, emphasizes that this is a temporary measure, but one that demands immediate attention from users. For those unfamiliar, EGLD is the native cryptocurrency of the MultiversX blockchain, formerly known as Elrond. This token facilitates transactions, smart contract execution, and network staking within the MultiversX ecosystem. When an exchange like Upbit decides to pause services for a specific asset, it’s typically for a significant underlying reason. Here’s a quick breakdown of the key details: Exchange: Upbit (South Korea) Affected Token: EGLD (MultiversX) Action: Temporary suspension of deposits and withdrawals Start Time: Approximately 09:00 UTC on July 24 Reason: Upcoming network upgrade for MultiversX It’s important to note that while deposits and withdrawals will be halted, trading of EGLD on Upbit is generally expected to continue as usual unless specified otherwise. However, users planning to move their EGLD in or out of the exchange around this date will need to adjust their plans accordingly. Why is the MultiversX Upgrade So Important? The primary driver behind Upbit’s decision is an impending MultiversX upgrade . Network upgrades are fundamental to the evolution and security of any blockchain. Think of it like a major software update for your computer or smartphone – it brings new features, enhances performance, fixes bugs, and strengthens security protocols. MultiversX (formerly Elrond) is a highly scalable, secure, and decentralized blockchain network designed for the new internet economy, decentralized applications, and enterprise use. Its innovative sharding architecture aims to deliver high throughput and low transaction costs. For a network like MultiversX, upgrades are vital for: Enhanced Scalability: Improving the network’s ability to handle more transactions per second, reducing congestion. Security Enhancements: Patching vulnerabilities and implementing stronger cryptographic measures to protect user assets and data. New Features and Functionality: Introducing new capabilities for developers and users, fostering innovation within the ecosystem. Performance Optimization: Making the network faster and more efficient, leading to a smoother user experience. During such upgrades, the underlying blockchain infrastructure undergoes significant changes. To ensure the integrity of user funds and prevent any discrepancies, crypto exchanges temporarily halt deposit withdrawal services for the affected token. This allows them to synchronize their systems with the upgraded network, verify all transactions, and ensure a seamless transition once the upgrade is complete and the network is stable. Navigating Crypto Exchange Announcements: What Should You Do? In the dynamic world of digital assets, announcements from your preferred crypto exchange are a common occurrence. Knowing how to react to them is crucial for safeguarding your funds and managing your portfolio effectively. When an exchange like Upbit announces an EGLD suspension , here are some actionable steps you should consider: Verify the Source: Always confirm the announcement on the exchange’s official website or verified social media channels. Phishing attempts are common in crypto. Understand the ‘Why’: Grasping the reason behind the suspension (e.g., network upgrade, fork, maintenance) helps you assess the duration and potential impact. Plan Your Transactions: If you intended to deposit or withdraw EGLD around July 24, make sure to complete those transactions well in advance of the announced suspension time or postpone them until services resume. Monitor Official Channels: Keep a close eye on Upbit’s announcements for updates on when services will resume. They will typically provide a follow-up notice. Assess Your Exposure: If a significant portion of your portfolio is in EGLD and you might need access to it, consider whether holding it on the exchange during the suspension aligns with your immediate needs. Being proactive rather than reactive is key. This particular Upbit EGLD update serves as a reminder to always be aware of the operational status of the assets you hold on exchanges. Beyond the EGLD Suspension: Broader Implications for Traders While an EGLD suspension might seem like a minor inconvenience, it’s part of a larger picture of how crypto exchanges manage asset integrity and user security. For traders, understanding these broader implications can provide an edge. Market Impact: In the short term, such suspensions can sometimes lead to minor price fluctuations as traders react to the news, but for scheduled network upgrades, the impact is often minimal unless the upgrade itself is controversial or introduces significant changes that affect tokenomics. Exchange Responsibility: Exchanges like Upbit bear a significant responsibility to ensure the smooth operation of digital asset trading. Halting deposit withdrawal services during a critical network upgrade is a standard security protocol. It prevents potential loss of funds due to incompatible transactions between the old and new network versions, and it ensures that all user balances are accurately reflected post-upgrade. Trust and Reliability: Timely and transparent communication from exchanges regarding such events builds trust with their user base. Upbit’s clear announcement about the MultiversX upgrade demonstrates their commitment to keeping users informed and their assets safe. It’s a testament to the continuous evolution of blockchain technology that these upgrades are necessary. While they may cause temporary interruptions, they ultimately contribute to a more robust, secure, and efficient decentralized future. Understanding Deposit Withdrawal Pauses: A Common Practice? Is an EGLD suspension for a network upgrade an isolated incident? Not at all. Temporary pauses in deposit withdrawal services are a common and necessary practice across all major crypto exchanges. These pauses are implemented for a variety of reasons, all aimed at protecting user assets and maintaining the integrity of the trading platform. Here’s a table outlining common reasons why exchanges might pause deposit and withdrawal services: Reason for Pause Explanation User Impact Network Upgrade / Hard Fork Blockchain protocol changes requiring synchronization to avoid compatibility issues. (e.g., MultiversX upgrade for EGLD) Temporary inability to move funds; trading often continues. Scheduled Maintenance Routine system checks, server upgrades, or security enhancements for the exchange’s infrastructure. Platform-wide or specific asset downtime; typically announced well in advance. Security Incidents / Hacks Response to a detected security breach or suspicious activity to prevent further loss of funds. Immediate halt of all services; can be prolonged until the issue is resolved. Wallet Maintenance Upgrading or re-indexing specific hot/cold wallets to ensure optimal performance and security. Affects only the specific token’s deposits/withdrawals. High Network Congestion Excessive transaction volume on the blockchain leading to slow confirmations and high fees. Temporary pause to prevent stuck transactions or overpaying fees. As you can see, the Upbit EGLD suspension falls under the most common and often least disruptive category: a network upgrade. This proactive measure ensures that when the MultiversX network is fully upgraded, Upbit’s systems are perfectly aligned, allowing for seamless and secure transactions once services resume. Actionable Insights for the Savvy Crypto User Given the frequent nature of these events, what can you do to be better prepared? Set Up Alerts: Many exchanges offer notification services for significant announcements. Utilize them. Diversify Holdings: While not always practical, having funds across multiple platforms or in a personal wallet can offer flexibility during exchange-specific events. Understand Your Assets: Know which blockchain your tokens operate on and be aware of their major roadmap events (e.g., upcoming upgrades, hard forks). Read the Fine Print: Always read official announcements thoroughly. They contain crucial details about timings and affected services. The temporary EGLD suspension by Upbit for the MultiversX upgrade is a prime example of how exchanges work to protect their users during critical blockchain developments. It’s a standard operational procedure that ensures the long-term health and security of the digital asset ecosystem. Conclusion: Staying Ahead in the Crypto Game The announcement from Upbit regarding the temporary EGLD suspension for deposits and withdrawals on July 24 is a clear signal to all users to prepare. This measure, driven by the essential MultiversX upgrade , highlights the dynamic nature of blockchain technology and the proactive role played by leading platforms like Upbit in ensuring asset security and operational integrity. While a temporary halt in deposit withdrawal services might cause minor adjustments to your plans, it is ultimately a beneficial step for the long-term health and efficiency of the EGLD network. Staying informed through official channels and understanding the reasons behind such actions will empower you to navigate the exciting, yet ever-evolving, world of cryptocurrency with confidence. Remember, a well-informed investor is a well-prepared investor. To learn more about the latest crypto market trends, explore our article on key developments shaping EGLD price action and institutional adoption. This post Upbit EGLD Alert: Crucial Suspension for MultiversX Upgrade first appeared on BitcoinWorld and is written by Editorial Team
Bitcoin Vector signals a bullish trend through current price movements. Bitcoin is in its "ignition phase," suggesting future upward momentum. Continue Reading: Bitcoin Rides the Bull Market Wave with New Highs The post Bitcoin Rides the Bull Market Wave with New Highs appeared first on COINTURK NEWS .
Will XRP Mimic a Historical Pattern? According to market analyst Crypto Ninja, “If XRP hits the same fib as the 2017 cycle, we will hit $23 by August 1st. This is not hype, this is just data. I’m not saying this will happen, I’m just saying it happened once before. Same setup! Same result?” Crypto Ninja notes that XRP’s 2017 bull cycle propelled it to the previous all-time high (ATH) of $3.40, and if history repeats, the current momentum could drive prices toward the $23 zone by August 2026. Therefore, XRP might be getting ready for a rollercoaster ride in the next year, having surged to new historic highs of $3.65 . Despite a pullback to $3.45, XRP remains up 33.7% this week, holding strong as the 3rd-largest cryptocurrency. The Valhalla Gate Key Comes Into Play Top analyst EGRAG CRYPTO claims XRP’s breakout to $3.65 is the Valhalla Gate Key, a critical trigger that could launch prices toward the $12–$23 range. The analyst pointed out , “ XRP – $3.65 Is the Valhalla Gate Key (Mini $12 - Max $23). This is one of my favorite charts and it is my go-to MACRO chart for navigating XRP ’s next move.” Based on this analysis, he showcases a monthly XRP chart highlighting two cycle tops and three mid-cycle peaks aligned with the 9-period SMA. The chart reveals XRP typically forming both a cycle top and a mid-cycle top during each bull run, though on varying timelines. In Cycle 1, XRP peaked at $0.0614 in Dec 2013, corrected, then rebounded off the 9 SMA to reach a mid-cycle top of $0.0280 in Dec 2014. In Cycle 2, XRP hit a mid-cycle top of $0.3988 in May 2017 before a six-month retracement formed a bullish pennant. After retesting and bouncing off the 9 SMA, XRP surged to a cycle top of $3.80 in January 2018. EGRAG’s chart reveals that in Cycle 3, XRP hit a mid-cycle top of $3.40 in January 2025 before correcting after a November 2024 to January 2025 rally. Having hit the linchpin at $3.65, XRP might well be destined for greater heights with the $12–$23 range being in the picture, according to EGRAG CRYPTO. This analysis aligns with Crypto Ninja’s prediction that $23 might be in the offing if XRP follows in the footsteps of its 2017 bull cycle. Why XRP Is Leading the Altcoin Rally Trading volume soared over $12 billion, with futures open interest near $10 billion, signaling institutional-level participation. Whale data shows major holders adding to positions, even as some profit-taking occurred, highlighting both strength and caution . Market sentiment is further buoyed by the launch of US XRP futures ETFs and chatter about leveraged XRP instruments. The XRP Ledger also recently surpassed 7.18 million wallets , underscoring growing adoption and strengthening institutional confidence in the ecosystem. As a result, analysts are forecasting continued gains, with optimistic targets up to $4.47–$5, depending on market conditions. Conclusion XRP is capitalizing on a rare convergence of fundamental breakthroughs, on-chain momentum, institutional flows, and regulatory alignment. It’s not just riding the broader crypto wave, it's flying ahead, powered by utility and narrative. While short-term consolidation remains possible, the broader trajectory points upward with the $23 price zone being in the picture.
Trading volumes on platforms like Injective and dYdX have surged recently. Advanced decentralized exchanges are making a mark in the derivatives market. This rise hints at potential growth opportunities for specific coins. Curious about which assets might be set to soar? Dive into the details to uncover the next big movers in the crypto world. Injective (INJ): Week Gains Amid Mixed Trends Last month saw Injective trade with a 15.67% price increase, although the broader half-year picture shows a 45.84% drop. The coin experienced notable week-long fluctuations with its price range between $8.39 and $13.74. Over the period, movements mirrored the volatile nature of altcoins, with buyers pushing prices notably in the short term while the longer outlook remained subdued. These past movements highlight a market that has been reactive and volatile, balancing quick spikes against longer-term declines. Current activity presents a trading window defined by a resistance level at $16.71 and support at $6.01, with an upper resistance near $22.05 and a second support around $0.66. The week's advance with a 21.97% increase underscores recent bullish pressure, despite indicators like a Summary Recommendation of 0.33 and a Moving Average Recommendation of 0.67 suggesting caution. The Awesome Oscillator at 1.60 and Momentum Indicator at 2.90, along with an RSI near 64.87, indicate that while buyers are active, momentum is mixed. Traders might consider positions within these key levels, weighing short-term gains against mid-term risks in a market that, though currently bullish, lacks a clear trend direction. Uptrend Shift Amid Long-Term Setback dYdX prices experienced a dramatic swing recently. A rise of 27.60% over the past month, along with a weekly gain of 13.82%, contrasts with a six-month decline of 55.38%. The sharp increases indicate a brief surge in demand, although long-term performance shows significant downward pressure. Shorter timeframes show promising momentum, yet the longer view reflects caution and the need for careful position sizing. Current price action is focused on clearly defined support and resistance levels. Immediate support lies at $0.32, with another level at $0.12, while key resistance points are at $0.72 and $0.91. Indicators show that bulls have gained control, supported by positive momentum and renewed buying interest. However, an RSI of 68.122 suggests potential market saturation. Traders may consider long positions near support while watching for bearish signals, especially if resistance at $0.72 is not breached, allowing for short-term tactical opportunities. Conclusion The recent surge in trading volumes for INJ and DYDX highlights a growing interest in advanced decentralized exchange platforms. Both coins are showing potential to capture a significant share of the derivatives market. This growth suggests a shift towards more sophisticated trading options. Continuing development and user adoption could further solidify their positions in the market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Summary SharpLink Gaming's stock surge is driven solely by its Ethereum holdings, not underlying business fundamentals or revenue growth. SharpLink has aggressively raised capital to buy ETH, now holding over 280,000 ETH, with nearly all assets staked for rewards. SBET stock trades at almost 4x the value of its ETH holdings, making its valuation excessive compared to simply owning ETH or ETFs. Despite being bullish on Ethereum, I see SBET's price as speculative and would avoid the stock at this premium to its net asset value. If it seems like every other article I've written in July has been about Ethereum ( ETH-USD ) treasury companies, you'll have to forgive me; but I have more to say. Not to be forgotten, with Bit Digital ( BTBT ), BTCS Inc. ( BTCS ), and BitMine Immersion Technologies ( BMNR ) all turning into Ethereum Treasury companies this summer, SharpLink Gaming, Inc. ( SBET ) was one of the true early players in this game. In this article, we'll look at SharpLink Gaming's operational history, ETH holdings, and stock valuation. SharpLink Gaming Before Ethereum SBET stock has been on an incredible roller-coaster ride since the end of May: Data by YCharts After closing at $2.79 per share on May 21st, the stock absolutely exploded over $124 per share roughly one week later. This action is a perfect example of hype running into a lack of liquidity. As of the quarter ended in March, there were less than 1 million shares of SBET outstanding. There were 54.5 million shares traded during the May 27th session. And we need to be clear about this; there is absolutely nothing fundamentally driving this performance other than the company's exposure to Ethereum. The underlying business itself is bringing minimal revenue to the table: Q1-25 Revenue (SharpLink 10-Q) Prior to becoming an Ethereum rocket ship stock, SharpLink Gaming was involved with sports betting and iGaming. For the quarter ended March, SharpLink reported just $742k in revenue - a 24% year-over-year decrease - as well as an operating loss of nearly $1 million. This was actually an improvement from the Q1-24 operating loss of $1.7 million. Q1-25 Balance Sheet (SharpLink 10-Q) At the end of March, SharpLink had roughly $1.4 million in cash, $2.8 million in total assets, $693k in total liabilities and shareholder equity of about $2.1 million. The point is, this was not a company that had much going for it and the stock price reflected that. Data by YCharts Before the company priced a $4.5 million offering in late-May, SBET shares traded at a slight discount to book value. Prior to all of the Ethereum activity, SharpLink was actually exhibiting strong revenue growth between 2021 and 2023 before falling by 26% in 2024. At this point though, the underlying business that SharpLink had been primarily operating before the late-May ETH purchases is completely immaterial to the valuation of the company's share price going forward. Capital Raises On May 27th, SharpLink announced a $425 million Private Investment in Public Equity, or PIPE, with the expressed purpose of starting an Ethereum Treasury. The stock immediately surged 400% on the news. As part of the PIPE, the company sold 58.7 million shares at a $6.15 share price. The day before the announcement of the PIPE, CEO Rob Phythian and CFO Robert DeLucia purchased a combined $200,000 in SBET stock at a share price of $6.72. Also on May 26th, the company added Joseph Lubin to the Board of Directors and elected him Chairman of the Board. Lubin co-founded Ethereum in 2014 and is also the founder of Metamask developer ConsenSys. Given Lubin's history with Ethereum, it is certainly not a surprise to see SharpLink opting for an ETH treasury strategy rather than Bitcoin ( BTC-USD ) or Solana ( SOL-USD ); each of which has seen growing balance sheet interest at the corporate level. Subsequent to the PIPE, SharpLink has also commenced a $1 billion ATM to purchase more ETH. At several points over the last few weeks, SharpLink has tapped that ATM to buy Ethereum. On July 17th, the company disclosed an additional $5 billion ATM to bring the aggregate ATM offering to $6 billion. In the prospectus, SharpLink disclosed 40.5 million shares of common stock sold through the $1 billion ATM for gross proceeds of $721 million. Ethereum Holdings vs. Valuation By my back of the envelope math, after the PIPE and shares issued through the ATM, there are roughly 100 million SBET shares outstanding as of July 17th. At a closing share price of $36.40 on that same date, SharpLink has an estimated market capitalization of a little over $3.6 billion. Top ETH Holders, 7/17/25 ( strategicethreserve.xyz ) On July 15th, SharpLink touted the largest corporate Ethereum stack at 280,706 ETH. The company's reign at the top was short-lived, as BitMine Immersion disclosed over 300k ETH two days later. Assuming SBET still has 280.7k ETH as of July 17th, the market value of those coins is a hair over $1 billion. Thus, SBET holders are paying nearly 4x the value of the ETH held by the company. To be sure, the company is staking its assets. Per the July 17th prospectus, 99.7% of SharpLink's ETH is staked and generating rewards. ETH Staking, 1yr ( stakingrewards.com ) The question is, how much should SBET shareholders pay for a company that is generating 3% APY on staked assets? I don't think nearly 4x the underlying is the right price. Perhaps the enthusiasm is more about the potential price performance of ETH than the potential rewards from staking? In which case, SBET makes little sense against simply buying spot ETFs. Sure, you miss out on staking rewards through an ETF (for now), but you also don't have to pay $36 for about $10 of staked ETH. Closing Points I don't want to come off as a total curmudgeon in this piece. I'm actually bullish on ETH long term and see the passing of the GENIUS Act by the United States Congress as a big win for Ethereum and smart contract chains alike. That said, I think the action that we're seeing in the public equity markets is concerning, and it reminds me of the 2017 crypto run a great deal. Back then, nano-cap parabolas were achieved by simply putting 'blockchain' in the corporate name. This time around, mentioning a 'digital asset treasury' strategy in a press release opens the door to an ATM. In my view, this is late-cycle behavior and a decent reason to resist FOMO in both crypto and crypto-adjacent equities. I'm told it is different this time. But I'm not so sure about that. For me, the play is simple: If you like ETH, buy ETH. SBET is not a stock I would personally buy at nearly 4x NAV.
TL;DR ADA breaks resistance at $0.74 and tests $0.85 as bulls push toward higher price levels. Analysts eye $1.18 and $1.31 targets if ADA closes daily above the $0.85 breakout level. Open Interest on ADA hits $1.65 billion, setting a new record and showing rising trader confidence. Cardano Holds Gains Near $0.85 After Breakout Cardano (ADA) traded at $0.852 after rising 7% in 24 hours and 20% over the week. The move followed a breakout from a long downward trend, with buyers now pushing into higher price zones. Earlier resistance around $0.74 had held the price in check during multiple attempts this year. That level has now been breached. ADA touched nearly $0.78 last week before a brief pullback, but buyers stepped in again, pushing the price above $0.84 heading into the weekend. Analysts Watch the $0.85 Level for Confirmation Crypto analyst Ali Martinez said a daily close above $0.85 could open the way toward $1.31. His view is based on earlier market structure and current momentum. ADA has cleared the $0.68 mark, which may now serve as support if prices remain above it. A daily close above $0.85 could propel Cardano $ADA toward the next key resistance at $1.31! pic.twitter.com/RVgw3yE9lr — Ali (@ali_charts) July 17, 2025 Marcus Corvinus noted that ADA has exited a long-term descending channel and flagged $0.77 to $0.82 as the next zone to watch. He added that holding above $0.82 could shift attention to $1.18. On the downside, $0.68 and $0.58 are the nearest support zones in case of any pullback. Open Interest Pushes Higher With Price Cardano’s recent gains are backed by rising interest in its futures market. Data from CoinGlass shows Open Interest (OI) on ADA has grown by 16% in the last 24 hours, reaching $1.65 billion, surpassing the previous record high of $1.50 billion set on January 18. Source: Coinglass Open Interest reflects capital tied to active trading positions. A steady rise often means traders are committing more capital, which can support ongoing moves. This increase adds weight to the recent price trend. In fact, with ADA reclaiming the $0.80 range and testing $0.85, traders are focused on whether it can close the day above that level. The post Cardano (ADA) Bulls Target $1.31 After Surpassing $0.85 Mark appeared first on CryptoPotato .
The cryptocurrency market capitalization has surpassed $4 trillion, now standing at $4.01 trillion. This follows significant increases in individual crypto prices. The market is up today, with 96 of the top 100 coins per market cap appreciating over the past 24 hours. At the same time, the total crypto trading volume is at $284 billion, the highest it’s been in a while. TLDR: Crypto market cap surpassed $4 trillion; Vast majority of top 100 coins are green; BTC is back above $120,350, and ETH is gradually approaching $4,000; Traders are “aggressively positioned” for ETH’s rapid move to $4,000 by 25 July” Market sentiment continues rising within the greed zone; ETH spot ETFs saw the second-highest inflows ever, following yesterday’s ATH; US BTC recorded positive flows for eleven consecutive days; ”BTC is participating, but this rally belongs to ETH; There’s a 12% chance that BTC ends the year above $170,000. Crypto Winners & Losers At the time of writing, all the top 10 coins per market cap are still green. Bitcoin (BTC) has appreciated by 1.6% to the price of $120,352. This is the smallest increase in this category. Also, Ethereum (ETH) rose by 6.5%, currently trading at $3,652. The price is gradually approaching the long-awaited $4,000 mark. The highest gainer is Dogecoin (DOGE) . It’s up 14.9% to $0.2434. XRP (XRP) and Cardano (ADA) also saw double-digit increases of 12.9% and 12.3% to $3.56 and $0.868, respectively. Notably, XRP hit a new ATH of $3.65 today. In the top 100 coins category, 96 coins are green and 4 are red. Of the green ones, 14 have double-digit rises in the past days. At the top is Uniswap (UNI) with a 19% rise to $10.53. It’s followed by Hedera (HBAR) , which saw a 16.1%, now trading at $0.281. On the other side, Bonk (BONK) is down 7.4%, changing hands at $0.00003636. Pump.fun (PUMP) follows with a drop of 5% to $0.005102. The other two red coins are down below 0.2%, meaning they’re practically unchanged. Meanwhile, the crypto market surge has been fueled by positive regulatory developments. Specifically, the US House of Representatives passed three key crypto-related bills. However, Congresswoman Maxine Waters argued that the CLARITY Act, one of the above-mentioned three bills, would cause “investor harm.” “The bill presents several serious risks: it exposes consumers to exploitation by bad actors in the crypto industry, undermines national security, and ignores Donald Trump’s escalating conflicts of interest tied to his personal involvement in cryptocurrency,” Waters wrote on Thursday. ‘This Isn’t Just a Spike, It’s a Regime Change’ Sean Dawson, Head of Research at onchain options platform Derive.xyz , commented on Ethereum’s surge over the past week, surpassing $3,500. “BTC is participating,” he says, “but this rally belongs to ETH.” Several factors point to a structural shift in positioning, including the technical setup, option flows, and liquidations. Thanks to macro tailwinds, falling rates, and ETF momentum, the second half of 2025 may be Ethereum’s strongest in years, he explains. “Ethereum’s moment in the sun has finally arrived,” Dawson writes in an email. “Traders are aggressively positioned for a rapid move to $4K by July 25.” Dawson argues that the sharp rally marks a potential breakout moment for ETH “fueled by bullish macro conditions, rising institutional inflows, and an overwhelming shift in sentiment.” “This isn’t just a spike, it’s a regime change. We’re seeing explosive upside bets and a wave of short liquidations. The market may finally be waking up to ETH’s asymmetric upside.” Currently, there is a 14% chance that ETH ends July above $4,000. There is also a 27% chance it surpasses $5,000 by the end of 2025. Also, there is an 18% chance that BTC moves above $125,000 by the end of July, and a 12% chance it ends the year above $170,000. Meanwhile, in the past 24 hours, 25% of Derive’s ETH trading volume has been concentrated on call options between $3,000 and $4,000 for the 25 July expiry. This is “a strong signal that traders are aligned on a fast, continued breakout,” says Dawson. Also, 8% of all open interest for that expiry is sitting on the $4,000 ETH strike. This reflects “a growing appetite for leveraged long exposure as bullish conviction builds”. Percentage of open interest by strike for the 25 July expiry on Derive (light blue – call, dark blue – put) Source: Derive.xyz Moreover, over $190 million in ETH shorts and $73.5 million in BTC shorts were liquidated during this move. This is “fueling an aggressive short squeeze that pushed prices even higher,” Dawson says. Source: Derive.xyz Levels & Events to Watch Next At the time of writing, BTC trades at $120,352. It started the day at the daily low of $117,785, climbing to the intraday high of $120,689 before slightly correcting to the current price. The coin is approaching the $122,838, which it recorded four days ago. Investors are watching for BTC to retake and keep the $121,000 level first. Moreover, Ethereum is currently trading at $3,652. It rose from the intraday low of $3,382 to $3,669 in a matter of hours. All eyes are now on the $3,700 level. Meanwhile, the crypto market sentiment continues climbing within greed territory. The Fear and Greed Index increased from 70 yesterday to 71 today . The level suggests a positive outlook on the market. However, it may also indicate overconfidence, with the market becoming overbought, which would lead to a correction. Moreover, on 17 July, the US BTC spot exchange-traded funds (ETFs) saw more positive flows, marking eleven days in a row. They recorded $522.6 million in inflows. The total has now reached $54.39 billion. BlackRock recorded $497.3 million in inflows on Thursday, while Fidelity , Grayscale , VanEck , and Invesco saw inflows between $5 million and $7 million. At the same time, US ETH ETFs saw positive flows for the tenth day in a row. It recorded another significant amount: $602.02 million on Thursday, which is the second-highest level ever, following Wednesday’s record of $726.74 million. Of this amount, BlackRock recorded $546.7 million. It’s followed by Grayscale’s $29.9 million. Fidelity , Bitwise , and 21Shares account for the rest. Meanwhile, SharpLink Gaming bought an additional 32,892 ETH worth $115 million, bringing the company’s total to 144,501 ETH. The company has allocated 99.7% of its ETH holdings to staking protocols, generating some 415 ETH in rewards since June. In South Korea, the commercial banking giant Shinhan Bank has launched a range of crypto services on its SOL smartphone app. The services will include real-time price monitoring tools for a range of cryptoassets and introductory guides for first-time investors. In the US, the Securities and Exchange Commission (SEC) is considering a potential “innovation exemption” as part of a broader effort to support the tokenization ecosystem, Chairman Paul Atkins said. “Staff is considering what other changes may be appropriate to incentivize tokenization within our regulatory framework,” he said. SEC weighing innovation exemption from regulations to incentivize tokenization… SEC Chair Paul Atkins: "Assets clearly are moving on chain. If it can be tokenized, it will be tokenized." *SEC Chair* Read that again. Hope you're paying attention. via @yashroy87 @ElleBeyoud pic.twitter.com/C675D5ihLv — Nate Geraci (@NateGeraci) July 18, 2025 Quick FAQ Why did crypto move with stocks today? Both the crypto market and the stock market saw increases. The S&P 500 is up by 0.54%, the Nasdaq-100 increased by 0.76%, and the Dow Jones Industrial Average rose by 0.52%. Investors largely reacted to a number of quarterly earnings reports from major companies, in addition to retail sales data. Is this rally sustainable? Analysts expect the rally to continue, and there is still room for BTC to hit new ATHs and ETH to at least approach its previous one. That said, pullbacks are also highly likely. You may also like: (LIVE) Crypto News Today: Latest Updates for July 18, 2025 An ancient Bitcoin whale has successfully liquidated their entire stash of 80,202 BTC after holding for 14 years, generating approximately $9.53 billion at an average selling price of $118,834.Over the last three days, the whale operating from a Bitcoin address ending in "f4au0" has been systematically disposing of its cryptocurrency reserves.Most notably, on July 15, intelligence data from Arkham, spotted by EmberCN, showed that a whale from the Satoshi era executed a transfer of... The post Why Is Crypto Up Today? – July 18, 2025 appeared first on Cryptonews .
BitcoinWorld DigitalX’s Bold Move: Elevating Bitcoin Holdings to 425.1 BTC In the dynamic world of digital assets, every significant move by an institutional player sends ripples across the market. The latest news from DigitalX, an Australia-based digital asset manager , is no exception. Their recent announcement of a substantial increase in their Bitcoin holdings underscores a growing confidence among traditional investment firms in the long-term viability and value of cryptocurrencies. This isn’t just about adding more numbers to a balance sheet; it’s a powerful statement about the evolving landscape of global finance and the undeniable rise of digital currencies. DigitalX’s Strategic Expansion: Boosting Bitcoin Holdings DigitalX, a pioneering entity in the digital investment space, recently shared exciting news via X (formerly Twitter). The firm has successfully acquired an additional 57.5 BTC, pushing its total Bitcoin treasury to an impressive 425.1 BTC. At current market valuations, this portfolio is valued at approximately $78.2 million, a testament to the firm’s strategic foresight and commitment to the digital asset sector. This significant accumulation reflects a deliberate strategy to strengthen their position in the market, providing both stability and growth potential for their stakeholders. What does this mean for DigitalX and the broader market? Let’s break it down: Increased Exposure: A larger Bitcoin treasury means DigitalX has greater direct exposure to Bitcoin’s price movements, aligning their interests closely with the asset’s performance. Market Confidence: Such substantial purchases by a publicly listed company often signal confidence to other institutional and retail investors, potentially encouraging further adoption. Strategic Asset Allocation: It indicates a belief in Bitcoin as a core asset for long-term value preservation and appreciation, potentially diversifying traditional portfolios. Why Are Institutional Bitcoin Holdings So Important? The accumulation of Bitcoin by institutions like DigitalX goes beyond mere financial transactions; it’s a powerful validation of the asset class. When established financial entities commit significant capital to Bitcoin, it lends credibility and stability to a market often perceived as volatile and speculative. This shift from niche interest to mainstream investment is crucial for the cryptocurrency ecosystem’s maturity. Benefits of Institutional Adoption: Legitimacy: Institutional involvement helps legitimize Bitcoin as a serious asset class, reducing skepticism among traditional investors. Market Stability: Large, long-term holdings by institutions can help reduce market volatility, as these entities are less likely to engage in speculative day trading. Infrastructure Development: Increased institutional demand often spurs the development of robust regulatory frameworks, custodial solutions, and trading platforms, making the market safer and more accessible. Capital Inflow: It brings significant capital into the market, which can support price appreciation and fund further innovation within the crypto space. Challenges and Considerations: Regulatory Uncertainty: The evolving regulatory landscape remains a challenge, with different jurisdictions taking varied approaches to digital assets. Market Volatility: While institutions can help stabilize, Bitcoin remains a volatile asset, posing risks to even large-scale investors. Security Concerns: Managing large amounts of digital assets requires sophisticated security protocols to prevent hacks and theft. This trend of increasing Bitcoin holdings by institutions is a cornerstone of Bitcoin’s journey towards mainstream acceptance. It signals a maturation of the market, moving beyond early adopters to embrace a broader financial audience. Navigating the Landscape of Institutional Crypto Investment The methods by which institutions engage with crypto are diverse, reflecting varying risk appetites and strategic objectives. From direct purchases to exchange-traded products (ETPs) and even mining operations, the avenues for institutional crypto investment are expanding rapidly. DigitalX’s direct purchase of Bitcoin is a clear sign of their conviction in the underlying asset itself, rather than just exposure through derivatives or funds. Consider the different approaches: Investment Method Description Pros Cons Direct Purchase Acquiring and holding Bitcoin directly on balance sheets. Full control, direct exposure to price. Security risks, operational complexity. ETPs (ETFs/ETNs) Investing in funds that track Bitcoin’s price, traded on traditional exchanges. Ease of access, regulated environment. Management fees, indirect ownership. Mining Operations Investing in companies that mine Bitcoin, gaining exposure through their revenue. Potential for high returns, diversified exposure. High operational costs, energy dependence. Venture Capital Investing in blockchain startups and crypto projects. Exposure to innovation, high growth potential. High risk, illiquidity. DigitalX’s choice to directly accumulate Bitcoin showcases a strong belief in its foundational value. This direct approach often requires robust internal processes for custody and risk management, highlighting the firm’s sophistication in handling digital assets. The growth of institutional crypto products and services is a clear indicator that the financial world is adapting to, and embracing, this new asset class. What Does This BTC Investment Signify for the Market? Every major BTC investment by an institutional player contributes to a larger narrative: Bitcoin’s journey from a fringe digital experiment to a globally recognized asset. DigitalX’s recent acquisition is not an isolated event but part of a broader trend of increasing institutional adoption that is reshaping market dynamics. Impact on Market Sentiment: Bullish Signal: Large purchases are often interpreted as a bullish signal, indicating that smart money sees long-term value in Bitcoin. Supply Shock Potential: As more Bitcoin is taken off exchanges and held in long-term institutional treasuries, the circulating supply available for trading decreases, potentially leading to price appreciation if demand remains constant or increases. Increased Liquidity: While long-term holdings reduce circulating supply, the presence of large institutions can also bring more liquidity to the market through their trading activities and derivatives. This ongoing institutional embrace suggests that Bitcoin is increasingly viewed not just as a speculative asset, but as a legitimate store of value, a hedge against inflation, and even a form of ‘digital gold’. The growing conviction behind such significant BTC investment decisions is a key driver for the cryptocurrency market’s continued expansion and maturation. The Evolving Role of a Digital Asset Manager in the Crypto Space The emergence of specialized firms like DigitalX highlights the critical need for expert guidance in the complex world of cryptocurrencies. A digital asset manager provides a crucial bridge between traditional finance and the nascent digital economy, offering services that range from fund management and advisory to blockchain solutions and technology development. Key services offered by a digital asset manager typically include: Fund Management: Creating and managing investment vehicles (like Bitcoin funds) for accredited and institutional investors. Custody Solutions: Providing secure storage for digital assets, mitigating the risks associated with holding cryptocurrencies. Advisory Services: Offering insights and strategies on digital asset allocation, market trends, and regulatory compliance. Blockchain Consulting: Assisting businesses in integrating blockchain technology into their operations. As the digital asset landscape continues to evolve, the role of a digital asset manager becomes increasingly vital. They help demystify the complexities of crypto, provide professional oversight, and facilitate secure, compliant access to this innovative asset class. DigitalX’s continued growth in its Bitcoin holdings exemplifies the confidence and strategic vision required to thrive in this cutting-edge financial frontier. DigitalX’s latest acquisition of 57.5 BTC, bringing its total holdings to 425.1 BTC, is more than just a headline; it’s a powerful affirmation of the growing institutional confidence in Bitcoin. This move by a prominent digital asset manager from Australia highlights the ongoing shift towards mainstream adoption of cryptocurrencies. As Bitcoin holdings by institutions continue to grow, it signals a maturing market, bringing greater legitimacy, stability, and capital inflow. This significant BTC investment by DigitalX underscores a long-term strategic vision, reinforcing Bitcoin’s position as a critical component of modern investment portfolios and solidifying the trend of institutional crypto adoption globally. The future of finance is increasingly digital, and firms like DigitalX are at the forefront of this transformative journey. Frequently Asked Questions (FAQs) 1. What is DigitalX? DigitalX is an Australia-based digital investment manager that focuses on providing financial products and services related to blockchain and digital assets, including managing funds and offering advisory services for cryptocurrencies like Bitcoin. 2. Why is DigitalX increasing its Bitcoin holdings? DigitalX is increasing its Bitcoin holdings as part of a strategic investment decision, signaling strong confidence in Bitcoin’s long-term value and its role as a significant digital asset. This move reflects a belief in Bitcoin’s potential for appreciation and its growing acceptance in the financial world. 3. How does institutional investment affect Bitcoin’s price? Institutional investment can positively impact Bitcoin’s price by increasing demand, reducing the circulating supply (as institutions tend to hold for the long term), and boosting overall market confidence. It brings significant capital into the market, which can lead to price appreciation and greater stability. 4. What are the risks associated with institutional Bitcoin investment? While offering significant upside, institutional Bitcoin investment carries risks such as market volatility, evolving regulatory uncertainty, and the inherent security challenges of managing digital assets. Institutions must implement robust risk management and security protocols. 5. What is a digital asset manager? A digital asset manager is a firm or individual that specializes in managing investments in cryptocurrencies and other digital assets. They offer services like fund management, secure custody solutions, investment advisory, and blockchain consulting to help clients navigate the digital asset market. Did you find this article insightful? Share it with your network and help spread awareness about the growing institutional adoption of digital assets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption. This post DigitalX’s Bold Move: Elevating Bitcoin Holdings to 425.1 BTC first appeared on BitcoinWorld and is written by Editorial Team