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Investor sentiment for Ethereum (ETH) is improving following the launch of Robinhood Chain, Cointelegraph reported. According to the report, approximately $141 million worth of ETH has flowed into the new chain, which uses the token for gas fees. Its 24-hour decentralized exchange (DEX) trading volume has reached $877.56 million, surpassing both the Ethereum mainnet and Base, while the number of wallets holding ETH on the network has exceeded 500,000. The development is causing some former bears to reconsider their stance. Previously, a common criticism was that Layer 2 fee revenue did not benefit the mainnet. Influencer Ansem stated that LIT and the Robinhood L2 represent the best bullish scenarios for ETH in a long time. Additionally, Leon Waidmann, head of research at Lisk (LSK), argued that ETH is undervalued, noting its Total Value Locked (TVL) of $260 billion has surpassed its market capitalization of $210 billion. He added that its current valuation is lower than during the 2022 bear market. Meanwhile, data from RWA.xyz shows that Ethereum accounts for 47% of the real-world asset (RWA) tokenization market.

CoinMarketCap's Altcoin Season Index is currently at 53. The index compares the performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, against Bitcoin over the past 90 days. An 'altcoin season' is declared when 75% of these top altcoins outperform Bitcoin during that period, with a score closer to 100 indicating a stronger trend.

The market capitalization of Bitcoin-accumulating companies has dropped by over $100 billion since last October, and these firms largely bought near market highs, according to crypto analyst Darkfost on X. He explained that while the value of their crypto holdings fell from $396 billion to $272 billion, their BTC holdings increased from 953,000 to 1.14 million during the same period. However, as Bitcoin's price has declined since May, the pace of their accumulation has slowed sharply. Darkfost noted that the most active accumulation period for these companies was between November 2014 and October 2015, when BTC was trading in the $75,000 to $125,000 range, during which their holdings more than tripled. "Since these companies bought at the highs, whether they will sell at the lows, like Strategy (MSTR), is now a key point of interest for the market," he added.

According to data from Tokenomist, the major token unlocks scheduled for this week (July 13–19) are as follows: - CONX: 1.32 million tokens ($28.67 million), representing 1.45% of circulating supply, at 12:00 a.m. UTC on July 15 - STRK: 130 million tokens ($3.93 million), representing 3.74% of circulating supply, at 12:00 a.m. UTC on July 15 - ARB: 92.65 million tokens ($8.53 million), representing 1.65% of circulating supply, at 1:00 p.m. UTC on July 16 - DBR: 620 million tokens ($10.13 million), representing 11.43% of circulating supply, at 12:00 a.m. UTC on July 17 - YZY: 20.83 million tokens ($6.13 million), representing 4.10% of circulating supply, at 3:00 a.m. UTC on July 17

Japanese convenience store chain Lawson will begin a pilot program for payments using the yen-based stablecoin "JPYC," Financial News reported, citing Japanese media outlet Nikkei. The experiment is set to launch in early August at the Takanawa Gateway City store in Minato-ku, Tokyo. Lawson is collaborating with digital asset wallet company HashPort to enable consumers to pay for goods via a smartphone e-wallet. According to Lawson, this marks the first stablecoin payment trial in Japan to be integrated with a point-of-sale (POS) system.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, and the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background brightens in areas where the price lingers or moves significantly, indicating potential support or resistance zones. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line follows large orders between $1 million and $10 million.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap is currently at 31, indicating a continued state of fear in the market. The index measures sentiment on a scale where 0 represents extreme fear and 100 signifies extreme optimism. CoinMarketCap's index is calculated using various metrics, including the price movements of the top 10 cryptocurrencies by market cap, market volatility, derivatives data like put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

The key global macroeconomic events for the third week of July are as follows: - July 14: U.S. ADP Weekly Employment Change report (12:15 p.m. UTC), U.S. June Consumer Price Index (CPI) (12:30 p.m. UTC) - July 15: U.S. June Producer Price Index (PPI) (12:30 p.m. UTC), Fed Beige Book release (6:00 p.m. UTC) - July 16: South Korea's June interest rate decision (1:00 a.m. UTC), U.S. jobless claims (12:30 p.m. UTC)

The Bitcoin Policy Institute (BPI) has intervened as a defendant in a U.S. lawsuit over the ownership of long-dormant BTC wallets, according to a post on X by Alex Thorn, head of research at Galaxy Digital. The plaintiff, Noah Doe, is asserting ownership of the assets, arguing that the holdings of Bitcoin founder Satoshi Nakamoto qualify as "abandoned property." The BPI is asking the court to dismiss the lawsuit. The institute stressed that if the plaintiff's argument is accepted in court, it could set a precedent for stripping self-custody users of their ownership, potentially shaking the entire ecosystem.

The price of Ethereum (ETH) has fallen after Eric Trump, son of U.S. President Donald Trump, commented on its strong performance. Around 10:00 p.m. UTC on July 11, Eric Trump posted on X, stating that ETH was rising incredibly and that cryptocurrency is the future. He attached an ETH/BTC price chart at a time when ETH was trading around $1,820. Following the post, ETH dropped to approximately $1,780 around 12:00 a.m. UTC on July 12. While the price has since rebounded, it has not recovered to its pre-post level. According to CoinMarketCap, ETH is trading at $1,804.17, down 0.39% over the past 24 hours.

The Bitcoin-to-gold price ratio has entered a historically oversold territory, according to an analysis by BeInCrypto. The outlet noted that the ratio is at its most oversold level since 2010 and is currently below its four-year average of -1.42. Bitcoin is also trading below its Power Law model trendline. BeInCrypto highlighted that in the past, after the ratio reached this level, Bitcoin once rallied by approximately 660%. On average, BTC has seen a rally of about 160% once the oversold condition resolved.

Crypto companies are postponing their plans for Nasdaq initial public offerings (IPOs) due to the market downturn, according to Christian Lopez, head of the blockchain and crypto division at investment bank Cohen & Company Capital Markets. In an interview with CoinDesk, Lopez explained that a significant amount of capital has left the crypto market since the massive liquidations last October, and retail investors have shifted their focus to AI and large tech stocks. He noted that while the industry had hoped for a boom this year following the listings of Circle (CRCL) and Bullish (BLSH), the poor performance of BitGo (BTGO) has cooled enthusiasm. Lopez stated that Kraken's parent company Payward, Consensys, Ledger, and Grayscale have delayed their listing plans, with only Blockchain.com and FalconX still moving forward with the process. He added that the main obstacle to listing is now the amount of capital that can be raised, rather than the regulatory situation. Lopez also projected that, based on market cycle theory, Bitcoin is expected to bottom out this October before recovering. He concluded that, separate from market conditions, major institutions are continuing to adopt blockchain technology.

On-chain analyst ZachXBT reported that addresses linked to the LAB team deposited 18.4 million LAB, worth $18.3 million, to the decentralized exchange Aster and sold the tokens, causing an additional 50% price drop. He explained on July 12 that addresses presumed to belong to the team began depositing their holdings into three Aster addresses and still hold 81.5 million LAB. These addresses had previously received 196 million LAB from the team in April before depositing them to a Bitget address, ZachXBT added. ZachXBT has been one of the figures consistently raising allegations of price manipulation against LAB. According to CoinMarketCap, the token was trading around $17 on July 6 but has since fallen over 95% to its current price of $0.4098.

A Bitcoin whale address (starting with 346myux) that had been dormant for seven years has transferred 2,931 BTC ($188 million) to a new address (starting with bc1qnzka), according to Onchain Lens. The address stands to realize a profit of approximately 10 times its initial investment if these holdings are sold.

Thailand is set to require individuals depositing over 5 million baht ($150,000) in cash to verify the source of their funds and will also crack down on large-scale stablecoin transactions, local media outlet The Nation Thailand reported. The move against stablecoins is driven by concerns that they are being used to bypass domestic remittance channels and for money laundering. Thai authorities are currently inspecting major stablecoins.

The emergence of the Robinhood Chain is a positive development for Ethereum (ETH), according to Tom Lee, Chairman of Bitmine (BMNR). The chain is a Layer 2 public network based on Arbitrum (ARB), launched by the U.S. stock and crypto trading app Robinhood (HOOD). Lee explained that the Robinhood Chain uses ETH for gas fee payments and denominates its transaction fees in the cryptocurrency. In this capacity, he stressed, ETH is functioning as money.

Bitcoin is approaching the $58,000 lower support line of its Power Law model, which represents a good long-term buying opportunity, according to an analysis by Fidelity. Jurrien Timmer, the firm's director of global macro, explained that this lower band has historically been an accumulation zone where major bottoms were formed. He noted the current price is 56% below the median trend line, a deviation similar to those seen in 2018 and 2022. However, Timmer cautioned that the speculative momentum that drove BTC above $120,000 last year has dissipated. With global monetary supply growth slowing, he sees a lack of liquidity catalysts to fuel a rebound. Timmer suggested that BTC could consolidate near this support level for several months rather than bouncing back quickly, adding that short-term speculative funds have rotated from BTC to gold and subsequently to semiconductor stocks.

Crypto analyst Killa suggested on X that Bitcoin could face a wave of long position liquidations in the $49,000 to $56,000 range, potentially establishing a market bottom. He noted this zone is where traders using 3x, 5x, and 10x leverage would be forced to liquidate. Killa added that if a capitulation sell-off creates a price wick in the next one to two months, this area will likely mark the bottom.

The average cost basis for Bitcoin short-term holders (STHs), defined as those holding for less than 155 days, is currently $70,700, a level now acting as market resistance, according to on-chain analyst Darkfost. In a post on X, the analyst noted that BTC has been trading below the STH cost basis for about nine months, adding that periods of financial strain for these holders are closely linked to bear market phases. Darkfost recalled that in May, the STH cost basis was around $82,000; Bitcoin attempted to reclaim that level but was rejected. The cost basis has since fallen significantly as holders have averaged down their positions. For the market to turn bullish, BTC will need to surpass this key resistance level, he concluded.

Uniswap (UNI) is generating $5.2 million in network fees per day, founder Hayden Adams announced on X. He added that this figure surpasses the fees generated by any protocol other than USDC and USDT. Uniswap has recently begun using a portion of its protocol fees for UNI buybacks and burns. The platform's trading volume has surged this month after it became the primary decentralized exchange (DEX) on the newly launched Robinhood Chain. The recent launch of Uniswap V4, which introduced updated trading features and expanded blockchain support, is also seen as a contributing factor.

The total market capitalization of stablecoins has decreased by approximately $10 billion from its peak in May, marking the largest decline since the Terra-Luna collapse in May 2022, CoinDesk reported. The market cap of USDT fell by around $6 billion, while USDC's dropped by about $7 billion. The outlet added that the prevailing analysis suggests this reduction, which represents about 3% of the total market cap, is merely a temporary correction amid a long-term growth trend.

Michael Saylor has hinted at a new Bitcoin purchase for the first time since Strategy sold over $200 million worth of the asset, The Block reported. About 10 hours ago, Saylor posted on X, stating that the orange dots which mark the company's previous BTC purchases on charts only tell part of the story. The post follows Strategy's sale of 3,588 BTC, worth $216 million, on July 6, which reduced the company's total holdings to 843,775 BTC.

It is too early to confirm a trend reversal for Bitcoin, despite some positive on-chain signals, according to analyst Axel Adler Jr. In a recent blog post, he explained that while buying pressure from short-term holders (those holding for less than 155 days) is slightly outpacing selling pressure, a broader recovery is not yet certain. Adler also pointed to a minor net inflow into spot ETFs following eight consecutive weeks of outflows. However, he cautioned that with major economic indicators due this week and overall ETF flows for the past month remaining negative, it is difficult to say the trend has reversed.

Peter Schiff, a noted cryptocurrency skeptic, has predicted that a collapse in the bond market will impact the cryptocurrency market, including Bitcoin, BeInCrypto reported. He recently stated that rising yields on U.S. 10-year and 30-year Treasury bonds are expected to continue. Schiff argued that these higher yields will increase interest costs, putting pressure on the stock market, leading to a housing market downturn and worsening inflation. While this could be positive for precious metals like gold and silver, he believes a stock market decline will trigger a sharp drop in the crypto market. He also noted that Strategy (MSTR) is selling BTC to fund its dividends.

The Bitcoin Coinbase Premium has remained in negative territory for 55 consecutive days since May 19, setting a new record. This surpasses the previous record of 40 straight negative days, which occurred from Jan. 16 to Feb. 24. The Coinbase Premium measures the price difference for BTC between the largest U.S. exchange, Coinbase, and the global average. A positive premium typically indicates capital inflow and demand from the U.S., whereas a negative premium suggests capital outflow and demand exhaustion.