Summary I maintain a hold rating on CONY due to Coinbase and Bitcoin trading near all-time highs, increasing risk of a pullback. CONY offers massive distributions (currently ~73% yield), but suffers from significant price decay and capped upside potential. The fund’s synthetic option strategy generates income but exposes investors to greater downside risk and underperforms COIN over time. CONY’s tax-efficient distributions and potential for 'house money' status favor patient, income-focused investors, but long-term growth is limited. Overview I've covered a ton of different YieldMax products over the last few months but YieldMax COIN Option Income Strategy ETF ( CONY ) is unique to me because it's the first option ETF I've managed to achieve house money status on. When I previously covered CONY, I issued a hold rating because I was becoming cautious on a shift in the momentum of Bitcoin ( BTC-USD ). However, Bitcoin just recently crossed $112,000 for the first time this week so perhaps my cautionary approach was not well timed. Now that I've held CONY for over a year, I wanted to revisit the ETF to provide some updated insights into its performance, distribution utility, and overall health. Looking at the performance over the last twelve months, we can see that CONY's price has deteriorated by nearly 50%. The fund's poor price resilience is something that I wish could be improved going forward and I hope that management finds a way to soften the downside risk. When including all distributions that were paid out to shareholders, the total return sits around 28.5% over the same period. This positive return can be attributed to the large starting dividend yield of approximately 73% . New distributions are announced every four weeks so the estimated yield can be different by the time you read this article. Data by YCharts Since my last coverage, there have been a lot of positive catalysts for Coinbase ( COIN ). For example, the company was added to the S&P 500 index and experienced several other favorable events that can drive revenues higher. As a result, I believe that CONY will be able to continue efficiently harnessing COIN's volatility and rewarding shareholders with large distributions. As Bitcoin becomes less volatile over time, this may smooth out the price of COIN and CONY as well. However, there are some downsides to CONY that I believe can be improved. So let's start by taking a look at the underlying fund strategy that the ETF implements to generate its distributions. Fund Strategy If you aren't familiar with the fund, CONY operates as a synthetic option ETF that aims to deliver large distributions from the premiums it collects on its underlying option strategy. The fund is capable of harnessing the underlying volatility of Coinbase to execute options. The term 'synthetic' simply means that CONY doesn't actually own any underlying common shares of COIN, so it is writing options against an asset that it doesn't actually own. This can significantly increase the risk profile of CONY because the fund can see much larger price losses compared to what COIN actually experiences. If we look at the holdings below, we can see that CONY doesn't have common shares of COIN listed. Instead, the fund is backed by treasuries and there are several different options listed. Since CONY doesn't actually own any underlying shares, it implements a creative approach to provide investors with a daily price change that mimics the movements of Coinbase. This is achieved by simultaneously purchasing ATM (at-the-money) call options and selling put options to replicate the daily price movement of COIN. In order to generate the option premiums that are used to fuel distributions, CONY sells OTM (out-of-the-money) call options that typically have a strike price somewhere between 0% to 15% above the current market price of COIN. The summary prospectus has a helpful breakdown that highlights all of the option strategies that the fund uses. CONY Holdings (Seeking Alpha) Despite using an OTM option strategy, CONY is likely to alwaysunderperform COIN from a price perspective. This is because the upside price momentum is capped at the selected strike price. Additionally, the upside is capped but the downside is not, so CONY will feel the full impact of price declines. This is my least favorite aspect of YieldMax funds because you are usually better off simply owning the underlying stock, rather than focusing on income. Looking at the chart below, we can see how Coinbase is up over 372% since CONY's inception. Meanwhile, CONY's price is down over 51.6% since its inception. Data by YCharts Performance & Risks: The Early Advantage CONY has an inception dating back to August 2023, and has a gross expense ratio of 0.99%. Looking at the performance since inception, CONY has been able to provide a total return of over 172%, which includes all distributions that were paid out to shareholders. Unfortunately, the price has deteriorated by more than 51.6% over the same time frame. The significant price deterioration really limits the appeal of the fund but this is just the risk that investors must be aware of when it comes to these single-stock synthetic option ETFs. Data by YCharts Looking at the total return comparison between CONY and COIN below, we can see that common shares of Coinbase has provided a total return of over 372%. In this context, CONY's total return of 172% no longer seems that impressive since it was severely outperformed by the common shares. CONY essentially captured less than 50% of COIN's total return but to CONY's credit, COIN experienced a significant rise from ~$80 per share up to ~$373 per share over this period. This sort of price growth is unusual and CONY's documents clearly lays out that it will experience a capped upside so there shouldn't be any surprises here. Coinbase also had a few different catalysts to help drive the price significantly higher over the last few months. Some of the notable catalysts include: Inclusion in the S&P 500 index. Coinbase secured MiCA license to offer crypto services in EU. Coinbase to deploy USDC stablecoin as collateral in US futures trading. US Senate passes stablecoin legislation . Data by YCharts The unfortunately truth is that nearly all the YieldMax funds eventually suffer from the same fate and this is my main issue. The large distributions and capped upside potential makes it very unlikely for these funds to ever experience large price swings upward over time. No matter what the catalyst is, many of these funds will never experience price gains. Just as an example, here are some different YieldMax ETFs and their respective price change since inception. YieldMax AAPL Option Income Strategy ETF ( APLY ) YieldMax TSLA Option Income Strategy ETF ( TSLY ) YieldMax NVDA Option Income Strategy ETF ( NVDY ) YieldMax META Option Income Strategy ETF ( FBY ) As we can see below, all of these funds have seen their price deteriorate over time. Nvidia ( NVDA ) recently became the first company to be valued at over $4T but that milestone is not reflected in the YieldMax fund. Meta Platforms ( META ) currently trades near its all time high, but that is also not reflected in the YieldMax fund. Data by YCharts The reality is that the investors that were able to best capitalize on these YieldMax funds were able to capitalize on the first movers advantage. If you initiated a position in these funds shortly after inception, you probably performed the best. However, that is simply because you would have allowed more time to receive distributions that can offset these declines. After all, CONY offers a massive distribution rate of nearly 73%. So technically, investors should be able to collect back their initial investment within a year and a half. 73% x 1.5 years = 109% in distributions return to shareholders. So despite all its flaws, I believe that patience and time can offset these large declines. A fund like CONY becomes more forgiving the longer you hold it. I went back and calculated all distributions that have been paid out to shareholders over the fund's lifetime. The fund launched at a share price of $20. When including all distributions paid since inception, we can see how early investors would now be sitting at 'house money' status. House money refers to the cross point where you receive more in distributions than what you paid per share. 2023 - $4.7479 in total distributions 2024 - $20.2980 in total distributions 2025 - $4.8392 in total distributions YTD Grand Total: $29.8851 Once you cross into house money status, you've essentially recovered your initial investment back through dividends. Therefore, your risk is significantly reduced going forward since you've now recovered your initial investment but you still hold the shares that pay you distributions every four weeks. However, Coinbase and Bitcoin now trades within territory of both their respective all time highs. A significant downward retraction from the highs will cause CONY's price to retract even further. Data by YCharts Dividend Utility As of the most recently declared distribution of $0.5354, the current distribution rate is about 73% annually. A new payout is declared every four weeks, so the estimated yield can be a lot different based on the time you are reading this. Looking at the dividend payout history below, you'll see one of the biggest issues I have with YieldMax funds. As the price and underlying NAV declines, so do the payouts. In CONY's prime, the largest payout was nearly $2.8 per share. Now that the price has fallen to its current range, I do not see the payouts ever returning to those levels. CONY Dividend History (Seeking Alpha) However, I wanted to specifically talk about the tax-efficiency of the distributions and how the ETF is flexible in terms of what accounts it can be utilized within. If you haven't already, I would highly recommend using the contact form on YieldMax's site and requesting to get added to their distribution list. This is the most accurate way to get the updated distribution every Wednesday for the different YieldMax funds. In the distribution table they provide, there is a column for ROC (return of capital). YieldMax Return of capital distributions aren't classified as income, and therefore aren't taxed as such. Instead, a return of capital distribution reduces an investor's cost basis and allows taxes to be deferred until the time of sale. Just for an example, let's imagine that you buy into a stock at $20 per share and it pays you a $2 per share dividend using return of capital. Instead of being taxed on that $2 per share dividend, your cost basis would be reduced to $18 per share. So with CONY, you are technically able to hold onto a long-term position until your cost basis reaches $0. At that point, all distributions received would be classified as long-term capital gains. The use of return of capital can be controversial because investors can interpret this as your own capital being paid back to you. However, this isn't necessarily the case all of the time. If YieldMax has a successful period of generating premiums with options, the distributions are still fueled by the premiums. The label of return of capital is simply a tax classification. Therefore, a position in CONY can be efficiently utilized within a regular brokerage account, which increases its overall flexibility. However, it should be noted that there are still portions of the distributions that are funded by net investment income, which has the least favorable tax treatment. Unfortunately, there's no clear way to know how much of the distribution will be taxable until your brokerage releases tax documents at the end of the year. Takeaway In conclusion, I maintain a hold rating on CONY at this time due to Coinbase and Bitcoin both trading near all time highs. I anticipate that a pullback in Coinbase would cause CONY's price to see a deeper downward move over the short term. The distributions can be tax-efficient and the fund becomes more forgiving the longer you hold it. Despite the tax-efficient distributions that can be received from the fund, I really dislike the continued price decay over time. CONY has been one of the least price resilient funds compared to its peers. If you don't have a specific need for income, I wouldn't suggest a position in CONY since it caps the upside price potential. If you are long on Coinbase, it would be much better to hold the underlying shares instead.
Cardano is making waves again, with trading volume skyrocketing by 111%—a clear sign that investor interest is heating up. As ADA pushes through resistance levels and builds bullish momentum, many are wondering if it’s next in line for a major breakout. With market sentiment shifting, Cardano could be positioning itself as one of the key altcoin gainers of this bull run. Cardano (ADA) Shows Promise with Steady Climb Source: tradingview Cardano (ADA) is gaining traction again, with its price sitting between fifty-four and sixty-two cents. The coin has jumped over 7% in the past week, hinting at some positive vibes. It's now facing a resistance level at sixty-five cents. If it manages to pass this, it could aim for seventy-three cents. This would represent a jump of about 20%. However, if it slides back, the closest safety net is fifty cents. The last month hasn't been kind, showing a drop of over 11%. But with the current uptick, ADA might show good growth if it surpasses these hurdles. Keep an eye on these numbers for potential gains. Conclusion With volume spiking and technical indicators turning favorable, Cardano is stepping back into the spotlight. If ADA can break through near-term resistance, it has a clear path toward solid gains in the weeks ahead. As bulls take the reins, ADA’s recent surge may just be the beginning of a bigger upward move in this evolving 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.
The Tornado Cash co-founder is scheduled to go to trial on Monday, but his defense attorneys are still waiting on rulings for motions over witnesses in the case.
This week’s top prediction markets on Myriad cover Bitcoin' recent price surge, PENGU's ETF approval chances, Wimbledon, and more.
The Royal Government of Bhutan transferred 213.15 Bitcoin to a deposit address of crypto exchange Binance on July 10.
Key takeaways: Pendle’s price is projected to reach a maximum of $4.57 by the end of 2025 By 2028, Pendle’s price is expected to reach an average of $14.06 In 2031, the price of Pendle is predicted to reach a maximum of $49.26. Pendle (PENDLE) innovates the DeFi space by enabling future yield trading. This unique approach helps users maximize returns through advanced smart contracts and seamless integration with other DeFi platforms. Pendle’s recent progress, such as smart contract updates and strategic partnerships, marks its growth and commitment to innovation. Will these developments increase the value of $PENDLE? Is Pendle worth investing in? Let’s dive into the Pendle price prediction for 2025-2031. Overview Token PENDLE Price $3.89 Market Cap $642.29M Trading Volume (24 hour) $65.32M Circulating Supply 164.66M PENDLE All-time High $7.52 (Apr 11, 2024) All-time Low $0.03349 (Nov 10, 2022) 24-hour High $3.90 24-hour Low $3.67 Pendle price prediction: Technical analysis Metric Value Price Prediction $ 3.44 (0.51%) Volatility 8.15% 50-day SMA $ 3.97 14-Day RSI 40.59 Sentiment Neutral Fear & Greed Index 63 ( Greed ) Green Days 11/30 (37%) 200-Day SMA $3.67 Pendle price analysis TL;DR Breakdown : Pendle shows bullish momentum on both the 4-hour and 1-day charts with strong upside potential Indicators such as RSI and MACD support continued price growth and increased buying pressure A breakout above $3.88 could lead to testing $4.20, while failure may result in short-term consolidation PENDLE/USD 1-day chart PENDLEUSD chart by TradingView Pendle (PENDLE) is showing signs of a potential bullish breakout on the 1-day chart on July 10. The asset has closed above the 20-day moving average, indicating a shift in trend momentum. The RSI stands at 57.58, edging toward the overbought zone, which implies growing buying pressure but with room for further upside. The MACD line is above the signal line, supporting bullish sentiment. Additionally, the price is nearing the upper Bollinger Band, hinting at a potential continuation rally if momentum sustains. However, resistance around $3.88 must be decisively broken for stronger upward confirmation. A pullback may occur if buyers lose steam. PENDLE/USD 4-hour chart PENDLEUSD chart by TradingView PENDLE is displaying bullish momentum on the 4-hour chart, with the price currently trading at $3.88 after gaining over 3% in recent sessions. The MACD histogram is in positive territory and widening, reflecting strengthening upward momentum. Price action has breached the midline of the Bollinger Bands and is now challenging the upper band, signaling heightened volatility and potential for further gains. The Balance of Power indicator shows strong buyer dominance at 0.92, reinforcing bullish pressure. If the price sustains above $3.88, a continuation toward $4.20 is possible. However, any rejection here could trigger a short-term pullback toward $3.54 support. Pendle technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 3.20 BUY SMA 5 3.47 BUY SMA 10 3.33 BUY SMA 21 3.54 BUY SMA 50 3.97 SELL SMA 100 3.64 SELL SMA 200 3.67 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 3.71 BUY EMA 5 3.75 BUY EMA 10 3.62 BUY EMA 21 3.33 BUY EMA 50 3.12 BUY EMA 100 3.34 BUY EMA 200 3.68 BUY What can you expect from PENDLE price analysis next Pendle is exhibiting renewed bullish momentum across both the 4-hour and 1-day charts. On the daily timeframe, the asset has rebounded from a local bottom near $3.18 and is now trading above the Bollinger midline, with RSI at 57.58 signaling growing buying interest. MACD also shows a bullish crossover, suggesting further upside potential. On the 4-hour chart, the price has broken through the upper Bollinger Band with strong bullish candlesticks, while MACD and Balance of Power support continued positive pressure. If momentum holds, Pendle could test resistance around $4.20. However, failure to sustain above $3.88 may invite short-term consolidation. Is PENDLE a good investment? Investing in Pendle coin offers a unique opportunity in the DeFi sector. Pendle’s approach to tokenizing and trading future yields allows for the flexible management of yield-bearing assets, enhancing investment portfolios. Conducting their research is crucial for potential investors to understand the Pendle market cap and the dynamics of its price movement. Pendle’s ecosystem shows strong community trust, with impressive TVL , market cap growth, and endorsements from industry veterans like Arthur Hayes. These factors and high yields make Pendle a compelling investment in innovative DeFi projects. Will Pendle reach $50? Pendle’s current price is around $3.55. Given its recent market trend, predictions suggest that by 2032, Pendle’s maximum price could approach the $50 mark. Will Pendle reach $100? Pendle price is likely to reach $100 in the foreseeable future. Is Pendle a safe investment? Pendle cryptocurrency offers innovative yield management features, making it appealing for investors. However, it carries risks like market volatility and potential technological issues. Investors should conduct thorough research and consider their risk tolerance before investing in Pendle. Does Pendle have a good long-term future? PENDLE has shown volatility and recent downward movement. Its short-term outlook appears uncertain. However, its long-term future could be positive if the project innovates, gains wider adoption, and maintains strong community and developer support. Recent news/opinion on Pendle Pendle now holds over 87% in stablecoins, positioning itself ahead of major H2 2025 tailwinds including the GENIUS Act’s corporate crypto adoption, expected rate cuts boosting DeFi yield demand, and upcoming integrations like Boros, Citadels, and LP collateral support on Morpho Labs. Interestingly, Pendle is now >87% stablecoins, just in time for many tailwinds in H2 2025: – GENIUS act which will see corpos like Amazon, Walmart and Revolut joining the crypto fray. PT-AMAZON anyone? – Upcoming rate cuts = more DeFi yield demand as investors seek out higher… https://t.co/BWCsXpvUAS — Pendle Intern (@PendleIntern) July 2, 2025 Pendle price prediction July 2025 In July 2025, the pendle price is forecast to reach a low of $3.25; It could get a maximum of $3.69, with the average expected price around $3.59. Pendle price prediction Potential Low Average Price Potential High Pendle price prediction July 2025 $3.25 $3.59 $ 3.69 Pendle price prediction 2025 The price of Pendle is predicted to reach a minimum level of $4.06 in 2025. Also, Pendle’s price can reach a maximum level of $4.57 with the average cost of $4.20 throughout 2025. Pendle Price Prediction Potential Low Average Price Potential High Pendle Price Prediction 2025 $ 4.06 $4.20 $4.57 Pendle price prediction 2026-2031 Year Minimum price Average price Maximum price 2026 $6.01 $6.22 $7.03 2027 $9.15 $9.40 $10.52 2028 $13.59 $14.06 $15.68 2029 $19.28 $19.84 $23.19 2030 $28.12 $29.11 $33.39 2031 $40.31 $41.48 $49.26 Pendle Price Prediction 2026 In 2026, the price of Pendle is predicted to reach a minimum level of $6.01. It can also reach a maximum level of $7.03 and an average trading price target of $6.22. Pendle price prediction 2027 In 2027, the average price of Pendle is predicted to reach a minimum level of $9.15. Also, $PENDLE’s price can attain a maximum level of $10.52 and an average trading price of $9.40. Pendle price prediction 2028 The PENDLE price prediction for 2028 projects a minimum price of $13.59 for the token. According to the analyst forecast, the token could reach a maximum price of $15.68 and an average trading price of $14.06. Pendle price prediction 2029 The price of Pendle is predicted to reach a minimum value of $19.28 in 2029. Per the predictions, holders can expect a maximum price of $23.19 and an average trading price of $19.84. Pendle price prediction 2030 The Pendle price forecast for 2030 projects has a minimum price of $28.12, a maximum price of $33.39, and an average forecast price of $29.11. Pendle price prediction 2031 Pendle’s price is expected to reach a maximum price of $49.26, with a minimum price of $40.31. The average trading price is expected to be $41.38. Pendle price prediction 2025-2031 Pendle market price prediction: Analysts’ $PENDLE price forecast Firm 2025 2026 DigitalCoinPrice $7.74 $9.16 Coincodex $3.49 $3.58 Cryptopolitan’s PENDLE price prediction In 2025, Cryptopolitan projects that $PENDLE could experience notable price fluctuations, with a potential low of $3.66, and a possible high of $3.20. Pendle historic price sentiment PENDLE price history by Coingecko Sep–Dec 2020 : Pendle started around $1.08 and steadily declined, ending the year below $1. Jan–Dec 2021 : Price remained mostly flat, fluctuating between $0.90 and $1.00 with no major trend. Jan–Dec 2022 : Continued stability near $1.08 with minimal movement. June–Dec 2023 : Price stayed below $1.00 mid-year but began climbing, reaching around $1.20 by year-end. 2024 : Strong rally with a peak at $7.52 in April. After a correction to $3.80 in May, it rebounded, trading between $4.60–$6.30 by June and closing the year at $5.07. Jan–Mar 2025 : Price dropped sharply to $2.60 in February and dipped below $2 in March amid US-China trade tensions. Apr–Jun 2025 : Recovery followed as tensions eased, with price climbing above $3 in April and ending May at $4.30. Mid-June, the coin traded between $3.90–$4.30 in June and ended the month at $3.45. June 2025 : Pendle starts at $3.55.
Social engineering scams, from the Meeten campaign to fake crypto support scams, have become a troubling occurrence in crypto.
This week, the real-world asset (RWA) sector crossed the $25 billion threshold, carving out a fresh milestone in the annals of finance. On top of that, the total number of asset holders has soared to 293,006—marking a jump of over 72% in just 30 days. Tokenized Assets Continue to See Massive Growth As of Thursday,
Bitcoin's surge to $113,788 revives crypto market interest with support level reclaims. Analysts forecast breakout signals for SUI and new peaks for DOGE investors. Continue Reading: Leading Analysts Predict Cryptocurrency Breakthroughs The post Leading Analysts Predict Cryptocurrency Breakthroughs appeared first on COINTURK NEWS .
Shiba Inu (SHIB) is showing renewed strength after rising 3% in price overnight, indicating its recovery is gaining momentum. This is further supported by increased futures market activity and key bullish technical signals. Despite headwinds from large holders moving substantial amounts of the token to exchanges, investor sentiment looks like it’s improving. The meme coin has climbed above the 23.6% Fibonacci retracement level of its May–June downturn, notching a seven-day gain of 5.4%. Investor interest is also rising in the derivatives market. Open interest in SHIB perpetual futures on Binance surpassed 7 million SHIB for the first time since May 23, data from Velo shows. This surge, paired with positive funding rates, indicates that traders are increasingly betting on continued price gains. Source: Velo $SHIB: A Closer Look at Potential Price Performance This Year Technical indicators support the bullish outlook. The 14-day Relative Strength Index (RSI) has climbed above the neutral 50 level, now sitting at 57 – its first bullish signal since late May. Meanwhile, daily trading volumes have surged past the average of 307.5 billion tokens, reinforcing the strength of the current recovery. However, the rally is currently testing a key resistance level, and whale activity may present headwinds. Blockchain data shows that just ten wallets control over half of the SHIB supply, and several have moved trillions of tokens to exchanges, sparking concerns about potential sell pressure. Still, support remains strong around $0.00001175, where high-volume buying has repeatedly stepped in. A recent 7.25 billion SHIB volume spike marked an aggressive test of resistance during the latest breakout attempt. If market sentiment shifts bullish, Shiba Inu’s price could double by the end of summer. As Shiba Inu Signals Strong Potential Growth, Investors Move Millions into Emerging Best Wallet ($BEST) Shiba Inu isn’t the only cryptocurrency showing bullish potential. Over in the presales market, one new altcoin presale is quietly raking in millions in early funding: Best Wallet ($BEST) . Best Wallet isn’t merely a storage solution for crypto assets. It’s a full-spectrum digital finance platform, combining high-grade security with streamlined trading tools and an innovative system for uncovering promising presale projects. So far, investor enthusiasm has translated into more than $13.7 million in early-stage capital, with that number consistently rising with the momentum. Available on both iOS and Android, the platform integrates advanced capabilities such as DeFi portfolio management, real-time asset tracking, and yield farming—all in a single, user-friendly application. A standout feature is its “ Upcoming Tokens ” tool, which enables users to spot emerging crypto projects before they hit the broader market. Security is at the heart of Best Wallet’s infrastructure, utilizing Fireblocks’ MPC-CMP encryption technology to protect user funds. In addition, Coinsult fully audited its smart contracts to ensure transparency and reliability. For users in search of a next-generation wallet that offers more than basic storage, Best Wallet delivers a robust, feature-rich ecosystem for navigating and growing within the crypto space. Follow Best Wallet on X and Telegram . The post Shiba Inu Price Prediction: Whale Activity Surges as SHIB Blasts Up – Big News Could Be Coming appeared first on Cryptonews .