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Monthly RSI dropped below 2020 crash levels as XRP continued trading well below its historical peak.
XRP maintained higher cycle lows despite a prolonged correction following its latest multi-year rally.
Liquidation activity eased after leveraged positions cleared, while price stabilized above psychological support.
XRP Price remains under close observation after technical indicators reached historically weak levels while market structure continued showing higher long-term support. Traders are now watching whether momentum stabilizes after the recent correction.
Monthly RSI Signals Deep Oversold Conditions
Shahnawaz shared a long-term XRP chart through a post on X. The analyst focused on monthly RSI behavior. The comparison centered on previous market cycles.
Source: X
According to the post, XRP trades roughly 72% below its all-time high. Monthly RSI is below 2020 crash readings. That places momentum near historically depressed territory.
The long-term chart also identifies successive market cycles. Earlier corrections bottomed near $0.10 and later around $0.28. The latest correction formed near the $1.00 region.
Each major decline therefore produced a higher long-term floor. That pattern remained visible despite repeated corrections. Structural support gradually shifted higher across market cycles.
Short-Term Trading Shows Stable Support
The latest daily chart reflected changing intraday momentum. Buyers lifted XRP above nearby resistance early. Selling pressure later slowed the advance.
Repeated attempts above $1.09 attracted consistent profit-taking. Price gradually moved into a narrower trading range. Moderate volatility prevailed throughout most of the trading period.
As of this writing, XRP Price was trading at $1.07 with a 0.25% increase in the last 24 hours. Buyers rallied off the lows of late after supporting past the sell-off. Price quickly recovered toward the daily closing area.
Daily trading volume reached approximately $1.02 billion. Activity declined more than 22% from the previous session. Lower participation accompanied relatively stable market conditions.
Liquidation Data Shows Leverage Reset
The liquidation chart covered activity between late June and late July. XRP traded mostly between $1.03 and $1.17. Price movements triggered alternating liquidation events.
Source: Coinglass
Early July produced several notable short liquidations. Some exceeded $3 million during upward price movements. Those forced exits accompanied brief buying surges.
The largest liquidation event occurred near July 27. Long liquidations approached $4.85 million after a modest pullback. Leveraged bullish positions absorbed the largest monthly losses.
Liquidation activity gradually moderated toward month-end. Smaller liquidation bars reflected reduced leveraged exposure. XRP also remained above the psychological $1.00 support throughout the period.
The post XRP Price Holds Key Support as RSI Weakens appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Trump Media sold another 2,628 BTC, bringing total sales to 7,281 Bitcoin.
Lookonchain estimated combined realized and unrealized losses at about $555 million.
The company launched its Truth API service while expanding beyond its Bitcoin treasury.
Trump Media has sold another 2,628 Bitcoin worth about $165 million, extending a seven-month selling trend, according to Lookonchain. The latest transaction brings total sales to 7,281 BTC after the company initially acquired 11,542 BTC for about $1.37 billion. The sales came as the company introduced its paid Truth API service while Bitcoin traded below its previous record level.
Bitcoin Sales Add to Treasury Losses
According to Lookonchain, Trump Media purchased 11,542 BTC at an average price of $118,522 per coin. However, the company later began reducing its holdings and has now sold 7,281 BTC over seven months.
Those sales generated about $545 million at an average price of $74,855 per Bitcoin. As a result, Lookonchain estimated the company's combined realized and unrealized loss at about $555 million.
The company's quarterly filing also outlined its remaining Bitcoin holdings. As of March 31, Trump Media held 9,542.16 BTC with a cost basis of about $1.13 billion. Additionally, the filing disclosed 2,000 BTC pledged against options.
Filing Details Remaining Bitcoin Holdings
The filing further showed that 4,260.73 BTC remain pledged against convertible notes. Those restrictions remain in place until no later than the notes' maturity date on May 29, 2028.
Meanwhile, Bitcoin traded near $63,471, compared with its October 2025 record of $126,080. The filing also reported a $243.96 million mark-to-market loss, contributing to a quarterly net loss of $405.9 million.
Truth API Launch
Alongside the Bitcoin sales, Trump Media launched Truth API for institutional customers on Aug. 1. The service costs $100,000 per month, while customers committing to three years can pay $60,000 monthly.
According to the company, the service delivers posts from the 10 highest-ranking Truth Social accounts within milliseconds. Interim CEO Kevin McGurn said the platform provides licensed, real-time access to market-moving posts.
Separately, Sens. Elizabeth Warren and Adam Schiff wrote to SEC Chair Paul Atkins on July 28 requesting an investigation into whether the product complies with securities laws. Their letter argued the service could raise concerns about market integrity and cited President Donald Trump's reported 41% stake in the company.
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Lummis said Warren misrepresented federal ethics rules in criticizing the bill.
John Thorne argued the Clarity Act could strengthen U.S. digital asset leadership.
Debate continues over ethics provisions and the future of crypto regulation.
Sen. Cynthia Lummis publicly challenged Sen. Elizabeth Warren's criticism of the Clarity Act, while Wellington-Altus Chief Market Strategist John Thorne also defended the legislation. Their statements focused on ethics rules, digital asset regulation, and the ongoing political dispute surrounding the bill. Both addressed claims about President Donald Trump, existing federal ethics law, and the potential impact of the legislation on the U.S. digital asset industry.
Lummis Disputes Warren's Ethics Claims
According to Sen. Cynthia Lummis, Warren's criticism of the legislation misrepresented how federal ethics rules apply to public officials. Lummis argued that blind trusts remain governed by existing federal law, which bars trustees from disclosing trust holdings to the official.
She also addressed Warren's reference to the $TRUMP token. Lummis said the token launched while Trump was a private citizen, adding that the ethics provisions apply only during a president's time in office.
Lummis further disputed claims involving Trump's family. She said federal conflict-of-interest laws have long applied to spouses and minor children, not financially independent adult children. According to Lummis, that standard remains unchanged under the proposed legislation.
Thorne Links Bill to Crypto Regulation
John Thorne, Chief Market Strategist at Wellington-Altus, also defended the Clarity Act while criticizing opposition to the proposal. He argued that the disagreement extends beyond policy and reflects a broader political dispute in Washington.
Thorne cited Treasury Secretary Scott Bessent's statement that "standards are strategy." He said countries establishing regulatory frameworks could attract capital, talent, and technological development before competitors.
Debate Centers on Industry's Future
Continuing his argument, Thorne said opponents, including Warren and her allies, have resisted regulatory clarity for digital assets. He also referred to bankers and segments of Democrats on Wall Street while discussing the debate.
According to Thorne, capital and industry talent have already begun moving outside the United States. He also said innovation would continue regardless of the bill's outcome, while Bitcoin's fixed supply would remain unchanged.
The public exchange between Lummis and Thorne on one side and Warren on the other continued to center on federal ethics rules, regulatory clarity, and the future framework for digital asset oversight in the United States.
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South Korea posted 560.3 billion won in net stablecoin outflows during June.
The outflow streak has continued for 18 consecutive months since January 2025.
Traders shifted funds overseas for derivatives, DeFi, staking, and RWA products.
South Korea recorded another month of stablecoin outflows in June 2026, extending a trend that has lasted 18 consecutive months. According to Yonhap News Agency and data submitted by the Financial Supervisory Service, the country's five major crypto exchanges posted a net stablecoin outflow of 560.3 billion won after overseas transfers exceeded incoming deposits. The funds mainly moved to overseas platforms offering derivatives, RWA products, DeFi services, and staking options unavailable on domestic exchanges.
Stablecoin Outflows Stay Above Inflows
According to the Financial Supervisory Service, Upbit, Bithumb, Coinone, Korbit, and Gopax transferred 2.7625 trillion won in stablecoins to overseas exchanges during June. Meanwhile, deposits returning from overseas platforms reached 2.2022 trillion won. As a result, net outflows totaled 560.3 billion won, or about $367 million.
Notably, June marked the eighteenth straight month in which stablecoin outflows exceeded inflows. The uninterrupted trend has continued since January 2025, when the available data series began. The transferred funds are believed to support crypto derivatives, stock-linked products, dollar-denominated real-world asset products, decentralized finance services, and staking opportunities unavailable on domestic exchanges.
Outflows Rival Overseas Stock Investment
The stablecoin movement approached the scale of Korean retail investors' overseas stock purchases during the same month. According to the Korea Securities Depository, domestic investors bought $34.93 billion in overseas shares and sold $34.46 billion during June. Consequently, net purchases reached $472.54 million, or about 722 billion won using June's average exchange rate of 1,527.95 won per dollar.
That comparison placed June's stablecoin net outflow at roughly 77.6% of net overseas stock purchases. Earlier last year, stablecoin outflows generally represented about 20% of overseas stock net buying. However, overseas stock demand eased recently while stablecoin outflows continued each month.
Lawmaker Cites Investor Protection Concerns
Second-quarter data showed the trend remained intact. Between April and June, stablecoins recorded net outflows totaling 1.6872 trillion won. During the same period, overseas stocks posted net sales of 1.6185 trillion won.
According to Yonhap News Agency, overseas exchanges now offer cryptocurrency futures alongside spot and futures products linked to Samsung Electronics, SK Hynix, and Hyundai Motor. Some platforms also introduced leveraged products tied to stock prices and market indexes.
Rep. Lee Jong-wook of the People Power Party said funds continue moving overseas while investors access high-risk derivatives on foreign exchanges. He called on the government to review investor protection measures and accelerate institutional improvements.
The post South Korean Stablecoin Outflows Reach $367M in June, Extending 18-Month Trend appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Doctor Profit highlighted Circle, Coinbase, and Ethereum as a connected ecosystem.
The thesis centers on tokenization, USDC growth, and regulatory progress.
The analyst disclosed a portfolio allocation of 60% Ethereum and 40% Bitcoin.
Analyst Doctor Profit outlined a long-term investment thesis centered on Circle, Coinbase, and Ethereum, arguing they sit at the center of an evolving digital finance ecosystem. He published the report as lawmakers continue advancing crypto legislation in the United States, while institutions expand tokenization efforts and regulated stablecoin adoption across financial markets.
BlackRock Ties Drive Investment Thesis
According to Doctor Profit, BlackRock's growing role across digital assets strengthens the connections between Circle, Coinbase, and Ethereum. He said Circle manages most USDC reserves through a BlackRock-managed fund, while Coinbase serves as custodian for BlackRock's iShares Bitcoin Trust and several other U.S. crypto ETFs.
He also highlighted Coinbase's ownership stake in Circle and its revenue-sharing agreement tied to USDC reserves. Meanwhile, Coinbase's Base network settles on Ethereum, creating another connection within what he called the "Galactic Three."
According to the analyst, Ethereum also hosts BlackRock's BUIDL tokenized Treasury fund. He added that Ethereum currently leads the tokenized real-world asset market, with about $16.6 billion in value locked.
Regulation and Tokenization Remain key Focus
Doctor Profit also pointed to the pending CLARITY Act, saying it could provide additional legal certainty across digital asset markets. He noted that the legislation addresses token classifications, exchange oversight, stablecoins, decentralized finance, and insolvency protections.
He further cited the Depository Trust & Clearing Corporation's tokenization initiative. According to his report, the platform relies on Besu, an Ethereum client, for blockchain infrastructure supporting tokenized securities.
Bitcoin Allocation Differs From Previous Cycles
Although Doctor Profit said he remains bullish on Bitcoin, he disclosed that his portfolio now holds 60% Ethereum and 40% Bitcoin. He argued that Bitcoin's future could eventually involve a quantum-resistant upgrade, referencing the recently announced Bitcoin Security Consortium.
The analyst also cited Coinbase research estimating that between 20% and 50% of older Bitcoin wallet formats could face future quantum-related risks. He added that Circle's USYC tokenized Treasury product has grown to roughly $3 billion, while USDC handled approximately $1.21 trillion in June transaction volume, according to figures included in his report.
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Michael Saylor said Strategy's Bitcoin monetization plan does not require BTC sales.
The existing framework allows sales only for defined corporate purposes.
Strategy remains a net Bitcoin buyer despite pausing recent purchases.
Strategy Executive Chairman Michael Saylor said the company has never promised it would never sell Bitcoin and still expects to remain a net Bitcoin buyer. His comments came after reports linked Strategy's existing BTC Monetization Program to its second-quarter results. According to Saylor, the framework was announced on June 29, 31 days before the company released its Q2 earnings.
Saylor Clarifies Bitcoin Sale Program
In a post on X, Saylor said Strategy never adopted a "never sell" Bitcoin policy. He also stated that the BTC Monetization Program does not require the company to sell any Bitcoin.
According to Saylor, reports describing the framework as a new authorization were incorrect. He said the company introduced the program before reporting its second-quarter financial results.
The clarification followed reports that Strategy could sell up to $5 billion worth of Bitcoin under its capital management framework. Saylor emphasized that the authorization provides flexibility rather than a commitment to reduce Bitcoin holdings.
Existing Framework Remains Unchanged
According to company filings, the monetization framework allows Bitcoin sales for specific corporate purposes. Those include building cash reserves, funding dividends and interest payments, repurchasing securities, and covering taxes, fees, and transaction costs.
The framework also leaves Strategy with up to $1.25 billion in remaining reserve-building capacity. Additionally, management may modify, suspend, or terminate the program as corporate needs or market conditions change.
Any Bitcoin sale outside the approved framework would require separate authorization from Strategy's board. The company has not announced any changes to the existing program.
Bitcoin Purchases Stay On Hold
Strategy has paused its regular Bitcoin purchases for five consecutive weeks. During that period, the company focused on increasing U.S. dollar reserves and repurchasing STRC preferred stock.
According to recent disclosures, Strategy holds 843,775 BTC acquired for approximately $63.69 billion at an average purchase price of $75,476 per Bitcoin.
The company also reported second-quarter revenue of $122 million, below analysts' estimates of $124.48 million. Meanwhile, earnings per share came in at negative $24.45, compared with expectations of positive $3.07.
Prediction market data cited in reports showed traders assigned a 21% probability that Strategy would announce another Bitcoin purchase by Monday. Reports also showed only a 10% probability that the company would hold at least one million Bitcoin by year-end.
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Galaxy identified a second attack, lifting total losses above $75 million.
Researchers tracked 1,158.81 BTC stolen from 2,673 Coldcard-linked addresses.
Security experts urged affected users to move funds to newly generated wallets.
Galaxy Research said it identified a second wave of Bitcoin thefts tied to the Coldcard wallet vulnerability, raising total losses to 1,158.81 BTC worth about $75.1 million. According to Galaxy Research, the two attacks struck 2,673 addresses between July 30 and July 31, while all stolen funds remain untouched across seven attacker-controlled wallets. Researchers also warned additional attacks remain possible.
Second Wave Expands The Attack
According to Galaxy Research, the first attack stole 1,082.65 BTC from 1,195 addresses within 41 minutes on July 30. A second operation began about 27 hours later and drained another 76.16 BTC from 1,478 different addresses over three hours and 42 minutes.
Researchers said the two victim groups shared no overlapping addresses. They added that the second attack reached more wallets but targeted much smaller balances than the first campaign.
Galaxy Research also found different transaction fee patterns between both attacks. The first wave consistently used 30 sat/vbyte fees, while the second mainly used 10 and 50 sat/vbyte, with several smaller transactions using about four sat/vbyte.
Researchers Monitor Stolen Bitcoin
According to Galaxy Research, all 1,158.66 BTC remains unspent across seven attacker-controlled addresses. Researchers said the lack of movement is unusual for a theft of this size.
The firm added that any transfers into exchanges or mixing services would become the next major development. It also noted that engineers at Block may have uncovered identifying information connected to the suspected attacker.
Meanwhile, Galaxy Research said its tracking method relies on transaction fingerprints rather than the vulnerability itself. Researchers warned future attackers could avoid detection by changing transaction fees, adding change outputs, using separate destination addresses, or spreading transfers over longer periods.
Security Warnings Continue
Galaxy Research urged users with affected single-signature Coldcard-generated wallets to move funds to newly generated wallets immediately. However, it said multisignature users remain protected if Coldcard devices alone cannot authorize transactions.
Galaxy Head of Research Alex Thorn also alleged that a hacker converted part of a victim's stolen Bitcoin through THORChain into Ether before depositing about 229.72 ETH into Duel Casino. Thorn said the victim and a researcher requested a freeze, but the platform advised contacting police.
Separately, Binance founder Changpeng Zhao, known as CZ, said firmware updates cannot protect previously generated self-custody wallets. He added that users must move affected funds because developers cannot access air-gapped devices or update existing wallet seeds.
The post Coldcard Bitcoin Theft Tops $75M as Galaxy Research Identifies Second Attack Wave appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

TD Sequential shifted from a buy to a sell signal after Ethereum completed a strong recovery from its recent lows.
Ethereum ETFs added $12.8 million in net inflows as institutional investors maintained regulated crypto market exposure.
Short-term resistance remained firm while ETF activity pointed to continued participation across major digital asset products.
Ethereum Price remains under close observation after a technical sell signal emerged alongside continued institutional ETF inflows. Market participants are now monitoring whether recent bullish momentum can withstand growing resistance.
TD Sequential Signals Momentum Exhaustion
Ali Charts shared a three-day Ethereum chart through a post on X. The analyst revisited the TD Sequential indicator's recent performance. The post focused on Ethereum's completed recovery from recent lows.
Source: X
The indicator flashed a buy signal near the $1,500 region. Ethereum then advanced approximately 31.5% from that setup. The move followed the indicator's bullish reversal signal closely.
Ali Charts now reports the indicator has produced a fresh sell signal. The latest "9" appeared after the extended rally matured. The analyst stated profit-taking may now deserve attention.
The broader trend still reflects higher lows across recent weeks. Buyers steadily rebuilt momentum following the earlier correction. Price structure remained stronger than during the previous decline.
Resistance Builds After Intraday Reversal
The latest daily trading session showed changing momentum. Buyers lifted Ethereum above several nearby resistance levels. Early strength supported another attempt toward session highs.
However, repeated advances encountered persistent selling pressure. Every recovery above resistance attracted renewed profit-taking. Buyers ultimately failed to establish a sustained breakout.
As of the time of this writing, Ethereum Price was at $1885.18 with a 24-hour price change of -0.87%. Following a dramatic flash of a big reversal at the end of the session, the decline followed. Immediate support developed near the $1,880 region.
Daily trading volume reached approximately $8.33 billion. Activity declined 26.49% from the previous session. Lower participation accompanied the weaker closing performance.
ETF Inflows Continue Supporting Market Interest
Crypto ETF activity remained positive despite recent volatility. Bitcoin ETFs saw a combined inflow of crypto assets amounting to around $251.88 million. The total assets of the bank increased to approximately $116.08 billion.
Bitcoin ETFs brought in $233.1 million of new money. Another $12.8 million were added by Ethereum ETFs during the reporting period. XRP ETFs also recorded nearly $5.98 million in inflows.
Meanwhile, Solana and HYPE ETFs posted unchanged daily flows. Institutional allocations therefore remained concentrated in larger digital assets. Bitcoin continued leading regulated investment demand.
Recent weekly and monthly figures also improved considerably. Weekly inflows totaled roughly $182.06 million. Monthly inflows exceeded $1.04 billion despite the previous quarter's $7.64 billion net outflow.
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NYDFS granted Circle a limited purpose trust charter in New York.
The charter expands Circle's regulated custody and fiduciary services.
Circle now holds separate trust approvals from both NYDFS and the OCC.
Circle announced on Friday that the New York Department of Financial Services granted a limited purpose trust charter to Circle New York Trust. According to Circle, the approval authorizes Circle Internet Trust Company LLC to operate under New York Banking Law while expanding its regulated custody and fiduciary capabilities. CEO Jeremy Allaire said the charter reflects more than a decade of engagement with the state regulator.
NYDFS Adds New Approval For Circle
According to Circle, the limited purpose trust charter strengthens the regulatory framework supporting USDC and the company's operations in New York. The company said its global headquarters are located in New York and described the approval as a longstanding objective.
Jeremy Allaire said the charter provides additional regulatory clarity for Circle's business. He also described the New York Department of Financial Services as an international standard for digital asset regulation.
Circle noted that it became the first company to receive a BitLicense from the NYDFS in 2015. The company said the latest approval continues that regulatory relationship.
Charter Expands Trust Services
According to the announcement, the trust charter allows Circle New York Trust to provide fiduciary, custody and asset management services under New York Banking Law. Unlike traditional commercial banks, trust companies do not accept consumer deposits or issue loans.
Early last month, Circle also received approval from the Office of the Comptroller of the Currency to establish Circle National Trust. According to Circle, the national trust bank will provide digital asset custody and fiduciary services while enhancing oversight of USDC reserves.
The company said the OCC approval and the New York trust charter represent separate regulatory authorizations. Both approvals expand Circle's regulated trust operations in the United States.
USDC Business Continues Under Regulatory Oversight
According to reports, USDC remains the second-largest stablecoin by market capitalization. Circle's stock traded around $64.24 following Friday's announcement, while USDC's market value exceeded $71.8 billion.
Circle joins several digital asset companies that previously secured limited purpose trust charters from the NYDFS, including Coinbase, MoonPay, BitGo and Paxos.
The NYDFS recently proposed updated reserve requirements as it aligns state rules with the federal GENIUS Act. Acting Superintendent Kaitlin Asrow previously said New York's framework has supported stable digital asset markets while protecting consumers.
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Galaxy traced 1,082.65 BTC stolen from 1,196 Coldcard-linked addresses.
Fixed transaction patterns linked the 41-minute attack to one operator.
Coinkite issued emergency firmware updates after confirming the flaw.
Galaxy Research said it identified 1,196 Bitcoin addresses drained of 1,082.65 BTC, worth about $70.2 million, during a 41-minute period on July 30. According to Galaxy Research, the transactions occurred between 01:10:20 UTC and 01:51:26 UTC across six Bitcoin blocks before Coinkite publicly disclosed a firmware vulnerability affecting certain Coldcard hardware wallets. The firm also said it found no additional matching transactions over the past 30 days.
Onchain Pattern Linked The Transactions
According to Galaxy Research, every transaction paid the same 30.0 sat/vB network fee and created no change output. Researchers said that fixed fee distinguished the activity from normal Bitcoin consolidations and pointed to a single automated operator.
The report stated that 1,183 native SegWit addresses, seven BIP-49 addresses and six BIP-44 addresses were drained. Galaxy Research said that distribution matched automated scanning across multiple wallet derivation paths.
Researchers also found that the transactions appeared in batches rather than continuously. Three intervening blocks contained no sweep activity during the 41-minute period. Meanwhile, Galaxy Research said four Bitcoin addresses received the stolen funds. It added that those holdings have not moved since the initial consolidation.
Firmware Bug Prompted Emergency Response
Coinkite first warned users of an issue affecting seeds generated on Coldcard Mk3 devices running firmware version 4.0.1 and later. The company later expanded the advisory to include certain Mk4, Mk5 and Coldcard Q firmware versions while releasing emergency firmware updates.
Coinkite CEO Rodolfo Novak accepted responsibility for the firmware bug and apologized to users. He also said the company's review process failed to detect the issue before release.
Novak further suggested artificial intelligence may have helped uncover the vulnerability. He said AI-assisted code review can identify software weaknesses faster than traditional manual reviews.
Researchers Warn More Attacks Remain Possible
Galaxy Research said future attacks remain possible if users keep funds in affected single-signature Coldcard addresses. However, the firm stressed that future incidents may not follow the same onchain transaction pattern.
According to Galaxy Research, the identifiable pattern only links the initial attacker. It does not detect future thefts because those transactions could appear identical to legitimate wallet transfers.
The firm urged users to move funds into trusted custodial services or multisignature self-custody setups. Coinkite also advised users to install updated firmware, generate a new seed, test the wallet with a small transfer, and retain old backups until migration finishes.
The post Galaxy Research Traces $70M Coldcard Bitcoin Wallet Attack to 1,196 Drained Addresses appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Strategy outlined a framework allowing up to $5B in Bitcoin sales.
Bitcoin sales could fund reserves, dividends, interest, and share buybacks.
The company has paused major Bitcoin purchases since mid-May.
Strategy outlined a capital management framework during its Q2 earnings call that could allow up to $5 billion in Bitcoin sales under specific conditions. According to Investor's Business Daily, CEO Phong Le said the company may sell Bitcoin to build cash reserves, fund annual dividend and interest obligations, and repurchase securities. The company also disclosed it has paused large Bitcoin purchases over recent weeks.
Bitcoin Sales Tied To Capital Needs
According to Investor's Business Daily, Phong Le said Strategy would consider selling Bitcoin for three defined purposes. First, the company plans to build a U.S. dollar reserve of up to $1.25 billion.
Second, Strategy could use proceeds to fund approximately $1.76 billion in annual preferred dividends and interest payments. Third, the company may allocate up to $2 billion toward common stock and digital credit security buybacks.
Le said the $5 billion figure represents the current ceiling under existing programs. However, Strategy founder Michael Saylor suggested the total could ultimately exceed that level if necessary.
According to Investor's Business Daily, Strategy has already sold about $218.4 million worth of Bitcoin this year to fund preferred dividends. As of July 26, the company held 843,775 BTC acquired at an average purchase price of $75,476.
Preferred Stock Remains In Focus
Strategy executives also discussed the company's STRC preferred stock during the earnings call. Le said management remains focused on returning STRC to its $100 par value.
The preferred stock initially carried a 9% dividend before Strategy gradually increased the rate to 12%. However, STRC recently traded around 89.50, producing an effective dividend yield of 13.4%.
Meanwhile, Strategy raised $3 billion through new MSTR share sales to strengthen confidence in STRC. The company also has $975 million remaining under its repurchase program for the preferred shares.
Saylor said additional capital remains available if existing buyback programs prove insufficient. According to Investor's Business Daily, Strategy's reserves totaled about $58.5 billion during the earnings call.
Bitcoin Buying Remains On Hold
Strategy has not purchased additional Bitcoin since mid-May after STRC traded below par. Saylor said the company will not issue more STRC until the preferred stock returns to par value. The company also revised its Bitcoin-per-share calculation last week.
According to Investor's Business Daily, the updated method compares the net value of Bitcoin holdings, after debt and preferred stock, against MSTR's fully diluted market value. However, executives gave no indication that large-scale Bitcoin purchases will resume soon.
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Coinbase reached a record 10.3% crypto trading market share in Q2.
USDC balances rose 44% year over year as stablecoin activity expanded.
Coinbase advanced AI finance, prediction markets, and perpetual products.
Coinbase released its Q2 2026 earnings, highlighting higher trading market share, revenue diversification, and stablecoin growth despite weaker market conditions. CEO Brian Armstrong said the company continued executing its strategy during the quarter while expanding across trading, payments, tokenization, and AI-related financial services. He also outlined several operational milestones achieved during the reporting period.
Trading Share And Stablecoin Business Grow
According to Brian Armstrong, Coinbase increased its crypto trading volume market share to a record 10.3% during the second quarter. He said the company recorded its third consecutive quarter of market share gains across both spot and derivatives trading.
Armstrong also said Coinbase remained the leading stablecoin platform through its partnership with USDC and Circle. Average USDC balances held on Coinbase products increased 44% year over year, while USDC and partner stablecoins represented 79% of stablecoin transaction volume.
Meanwhile, Armstrong confirmed the Circle partnership will automatically renew this August after required conditions were met. He also noted Coinbase recently joined the Open USD Consortium while continuing to support multiple stablecoins.
Revenue Diversification Continues
Beyond trading, Armstrong said Coinbase expanded several business lines during the quarter. Prediction markets revenue increased 106% from the previous quarter, while the company continued generating revenue outside traditional trading activity.
He also highlighted several recently launched products, including stock trading, prediction markets, equity and pre-IPO perpetual products, Coinbase for Agents, custom stablecoins, and the X402 protocol.
Additionally, Armstrong said Coinbase received CFTC no-action relief, allowing U.S. customers access to the global perpetual futures liquidity pool. Crypto derivatives trading volume remained unchanged despite a 12% market decline, although market share increased.
AI Finance Becomes New Focus
Armstrong also discussed agentic finance, which Coinbase refers to as AIFi. He said AI agents will require financial infrastructure to exchange payments and hire services onchain.
According to Armstrong, more than 90% of agentic stablecoin transaction volume occurred on Base using the X402 protocol. He added that Coinbase provides infrastructure across stablecoins, blockchain networks, and payment systems for those transactions.
Armstrong also said Coinbase stores more cryptocurrency than any other company and continues to report positive platform inflows, excluding Bitcoin ETF outflows recorded during the second quarter. He added that those ETF outflows had stabilized during the third quarter.
The post Coinbase Q2 Earnings Highlight Record Market Share, USDC Growth and AI Finance Expansion appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Tether reported $1.5B operating profit with record USDT circulation.
USDT supply reached $184.6B while reserves exceeded liabilities by $4.11B.
Treasury assets drove earnings as Tether's user base surpassed 650 million.
Tether released its Q2 2026 attestation on June 30, showing $1.5 billion in net operating profit, record USDT circulation, and higher reserve levels. According to Tether, BDO prepared the quarterly attestation, confirming the company's financial figures and reserve report. CEO Paolo Ardoino also said USDT users surpassed 650 million as adoption continued across emerging markets during the quarter.
https://twitter.com/paoloardoino/status/2083216885995175980?s=20
Reserves Expand As USDT Supply Grows
According to Tether, USDT issuance reached approximately $184.6 billion by the end of the second quarter. That total stood about $446 million above the previous quarter despite a decline in the broader stablecoin market.
The company said USDT accounted for more than 60% of the stablecoin market during the period. Meanwhile, Tether reported total assets of $187.75 billion against total liabilities of $183.64 billion.
Digital tokens issued represented approximately $183.62 billion of those liabilities. As a result, assets exceeded liabilities by about $4.11 billion at the end of June.
Treasury Holdings Lead Quarterly Results
Tether said short-duration, high-quality liquid assets continued to form the core of its reserves. Moreover, U.S. Treasury holdings and repo operations generated most of the quarter's $1.5 billion operating profit.
The company also reduced secured lending exposure by approximately $2.38 billion, representing a 15% decline. In addition, Tether increased its physical gold holdings by 14 tons, bringing total holdings above 146 tons.
According to Paolo Ardoino, reserve assets faced significant market volatility during the quarter. However, he said USDT remained fully backed while reserves continued to exceed liabilities throughout the period.
User Base Climbs Above 650 Million
Paolo Ardoino said Tether's global user base exceeded 650 million, with strong growth across emerging markets. He also stated that more than 30 million users joined the network during the quarter.
According to Tether, the company remained among the world's largest buyers and holders of U.S. Treasuries. Meanwhile, it said the Big Four audit process continued alongside development of its broader financial and technology infrastructure.
The company added that its reserve structure remained focused on supporting redemptions under different market conditions while maintaining short-term liquidity.
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Trump reviews bipartisan ethics proposal that could shape CLARITY Act vote.
State attorney general enforcement emerges as a central negotiation point.
Stablecoin yield rules and BRCA protections remain unresolved issues.
President Donald Trump is reviewing a bipartisan ethics proposal that could determine whether the Clarity Act advances in the Senate next week. According to Crypto In America, the White House received the counterproposal on Thursday morning after weeks of negotiations involving Senator Thom Tillis, Senator Ruben Gallego and other lawmakers. The proposal adds an enforcement role for state attorneys general, a key issue for several Democrats before a possible cloture vote.
Ethics Proposal Becomes Central Issue
According to Crypto In America, the latest proposal followed weeks of negotiations between Republican Senator Thom Tillis and Democratic Senator Ruben Gallego. Both lawmakers sought a stronger ethics package than the version previously negotiated between the White House and two Senate Republicans.
The revised proposal would allow state attorneys general to sue the Department of Justice if it fails to enforce ethics laws against federal officials. Supporters modeled the provision after the Laken Riley Act, which became law in 2025 and created similar enforcement authority in immigration cases.
However, it remains unclear whether negotiators added further safeguards to address White House concerns about the scope of state attorney general authority. Meanwhile, industry leaders and lobbyists contacted White House officials throughout the week, urging an agreement before senators leave Washington on Thursday.
BRCA And Banking Debate Continues
While ethics dominates negotiations, additional issues remain unresolved. According to a Democratic strategist quoted by Crypto In America, Democratic support also depends on the Blockchain Regulatory Certainty Act and concerns surrounding the agriculture section.
Earlier this week, the White House and the Treasury Department rejected a proposal backed by Senator Catherine Cortez Masto and two prosecutors' groups. The proposal would have removed language requiring prosecutors to prove software developers intended to facilitate money laundering before criminal liability could apply.
Treasury Secretary Scott Bessent later defended the BRCA on X, stating it reflects longstanding Treasury policy for non-custodial developers. Additionally, the Major Cities Chiefs Association joined several law enforcement organizations supporting the measure, while the National Sheriffs' Association requested either its removal or narrower language.
Stablecoin Rules Face Additional Scrutiny
Attention has also shifted toward the Clarity Act's stablecoin provisions. Senators Mike Rounds, James Lankford and Jerry Moran have raised concerns that current yield rules may not sufficiently prevent bank deposit outflows.
Some industry lobbyists expect further discussions around Section 404, known as the Tillis-Alsobrooks stablecoin yield compromise. State banking officials also warned Senate leadership that interest-like rewards could reduce local funding available for lending.
Meanwhile, Grayscale Investments urged the Senate to hold a floor vote before the August recess. The company said lawmakers had spent months addressing jurisdiction, investor protections and developer safeguards through bipartisan negotiations.
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XRP Whale Transfer involved 66 million XRP moving from Ripple to an unknown wallet worth over $70.47 million.
The recipient wallet has not yet been confirmed, and although the transaction is attracting attention in the market, no use case has been found.
Traders continue monitoring the destination address for potential exchange deposits or additional on-chain movements.
Ripple transferred 66 million XRP to an unidentified wallet, sparking a lot of interest in XRP Whale Transfer. The move sparked renewed interest in blockchain activity as the purpose of the transfer was not confirmed.
Ripple Moves 66 Million XRP
The blockchain tracking data indicates that 66,000,000 XRP was sent out of Ripple. This transaction was valued at $70.47 million. Whale Alert reported the movement shortly after execution.
The receiving address appeared as an unknown wallet. Blockchain monitoring platforms apply that label to unattributed addresses. The designation alone does not indicate suspicious activity.
Large XRP transfers frequently attract attention across the digital asset market. Traders often monitor these transactions for additional wallet activity. Market participants also watch for possible exchange deposits.
The transaction gained broader visibility after a social media post. XRP Update reported the movement while suggesting further developments could follow. The post reflected growing community interest surrounding the transfer.
https://twitter.com/XrpUdate/status/2082510002485612557?s=20
Unknown Wallet Raises Questions
The available blockchain data confirmed the transaction between two wallet addresses. However, it did not identify the transfer's underlying purpose. No official explanation accompanied the movement.
One possible explanation involves Ripple's treasury management operations. The company has historically transferred XRP between controlled wallets. Such movements can support internal liquidity and operational requirements.
Another possibility involves institutional or over-the-counter settlement activity. Large transfers sometimes occur outside traditional exchange markets. Those transactions may not immediately affect public trading liquidity.
The destination wallet has not been linked to a centralized exchange. That distinction remains important when assessing market reactions. Direct exchange deposits generally receive greater attention from traders.
Market Watches Further On-Chain Activity
Transfers exceeding $70 million often influence short-term market sentiment. Investors closely follow whale movements across major blockchain networks. Large transactions frequently generate additional monitoring activity.
The blockchain itself records token movements with complete transparency. Services including Whale Alert publish high-value transfers almost immediately. That visibility allows market participants to track notable transactions in real time.
Current records only verify the completed wallet transfer. They do not confirm whether the XRP will remain inactive. Future blockchain activity will provide additional context.
The transaction confirms Ripple transferred 66 million XRP worth approximately $70.47 million. The destination wallet remains publicly unidentified at this stage. Market participants will continue monitoring subsequent transfers involving the receiving address.
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PENGU Outlook identifies a demand zone where bullish confirmation could support recovery toward multiple nearby resistance levels.
PENGU trades near critical support as buyers await confirmation through bullish candlestick formations before advancing.
Meme sector discussions increasingly include emerging projects alongside established leaders like DOGE, SHIB, and PEPE.
PENGU Outlook remains in focus as traders monitor a potential recovery from key demand. Market participants also continue assessing broader meme coin momentum as interest expands beyond established projects.
Demand Zone Keeps Bulls Engaged
PENGU continues trading within a broader corrective market structure. Recent declines produced successive lower highs across the chart. Selling pressure remained visible after repeated rejection from supply zones.
The latest market update from Finora AI - Your Trade Buddy introduced the technical setup later. Finora AI described a bullish retracement scenario on the four-hour timeframe. The analysis emphasized confirmation instead of immediate upside expectations.
Attention centers around the 0.005653 demand zone. Buyers previously defended this region during earlier declines. That history makes the level technically important.
Finora AI advised waiting for bullish candlestick confirmation before entering. Pin bars remain one preferred confirmation signal. Bullish engulfing candles also strengthen recovery expectations.
Recovery Targets Define Short-Term Structure
If demand continues holding, nearby resistance becomes the first objective. The initial upside level sits around 0.005944. That region previously attracted renewed selling interest.
The next technical objective appears near 0.006134. Another supply zone occupies this area. Price acceptance above it would improve short-term structure.
Finora AI also identified a 0.006201 fair value gap. Markets frequently revisit such imbalances after strong directional moves. Filling this gap would recover additional lost ground.
The final upside objective remains the recent high near 0.006494. However, risk management remains equally important. A break below 0.005569 would invalidate the bullish setup.
Meme Sector Narrative Broadens
Another discussion expanded attention beyond technical analysis. A social media post suggested future meme leadership could widen. Existing projects may not be the sole focus.
These are still popular meme coins, namely DOGE, SHIB, and PEPE. Their communities continue attracting substantial trading activity. Deep liquidity also supports sustained investor participation.
However, the discussion suggested emerging projects could gain attention. Strong online communities frequently influence meme market performance. Retail participation often accelerates momentum during favorable conditions.
PENGU currently sits within that broader conversation surrounding newer meme assets. Technical recovery attempts coincide with growing interest across the sector. Whether momentum continues depends on demand holding, resistance reclaiming, and sustained buying participation.
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ARK Invest said Solana faces stronger competition in spot trading, derivatives, tokenized assets, prediction markets, and memecoins.
Lorenzo Valente said Hyperliquid dominates derivatives, while Robinhood and Uniswap have gained ground in key trading markets.
Despite mounting competition, ARK Invest said Solana remains focused on infrastructure improvements and developing new growth opportunities.
Solana is losing momentum across several key crypto markets as competitors strengthen their positions, according to Ark Invest researcher Lorenzo Valente. In a detailed market assessment shared recently, Valente said the blockchain now faces increasing competition in spot trading, derivatives, tokenized assets, prediction markets, and memecoins, leaving the ecosystem searching for its next major growth catalyst.
Trading Markets Face Stronger Competition
According to Valente, Solana built its identity around fast trading and rapid price discovery. However, he said that position now faces pressure across several trading segments. Robinhood has gained market share in spot markets, while Uniswap has recovered ground.
Meanwhile, Valente said liquidity across Solana has become increasingly fragmented. He noted that proprietary AMMs, including BisonFi and Tessera, have emerged. However, Raydium and Orca no longer appear as competitive as before.
Valente also said concentrated-liquidity AMMs still hold most liquidity compared with RFQ systems and traditional order books. Attention then shifts to derivatives. Valente said Hyperliquid now dominates the market, while Drift's recent hack interrupted its progress.
He added that Bullet has yet to establish itself, while Phoenix remains active but trails leading platforms. According to Valente, most crypto derivatives activity now occurs on Hyperliquid and Lighter.
Tokenized Assets And Investors Draw Focus
Valente also highlighted tokenized real-world assets as another challenge. He said Solana hosts roughly $1 billion of the nearly $30 billion tokenized RWA market, placing it outside the top three blockchains.
He added that tokenized stocks and related derivatives represent an important opportunity. However, he questioned whether Solana could gain meaningful share unless Tradexyz stumbles.
Meanwhile, prediction markets continue expanding elsewhere. Valente said activity remains concentrated on Kalshi and Polymarket rather than Solana.
Ecosystem Searches For Its Next Catalyst
Valente also pointed to changing investor dynamics. He said Multicoin Capital still supports Solana, although Kyle Samani no longer drives the firm's public investment narrative as before.
Despite those challenges, Valente praised teams including Backpack, led by Armani Ferrante, and buffalu with JTX. However, he said Solana has entered an engineering-focused phase centered on infrastructure improvements, rebuilding market structure, and developing new founders while seeking a breakout application to restore trading activity.
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Blockaid recorded more than $1 billion in crypto losses across 212 security incidents during the first half of 2026.
Ethereum losses mainly stemmed from smart contract flaws, while Solana attacks largely targeted compromised keys and infrastructure.
Operational security failures caused most losses, prompting projects to strengthen key management and transaction security.
Crypto security breaches surpassed $1 billion during the first half of 2026 after attackers struck projects across multiple blockchains, according to Blockaid. The on-chain security firm reported 212 verified incidents through June, the highest six-month total on record, with Ethereum and Solana posting the largest losses and KelpDAO recording the biggest single exploit.
Ethereum And Solana Face Different Attack Patterns
According to Blockaid's H1 2026 Onchain Security Report, Ethereum-related projects lost about $332 million during the period. Most losses came from code vulnerabilities, while KelpDAO accounted for roughly $292 million after attackers exploited a bridge contract.
Meanwhile, Solana-related projects lost about $326 million. However, more than 98% of those losses resulted from compromised keys and signing infrastructure rather than smart contract flaws.
Blockaid identified Drift Protocol and Step Finance as the largest contributors to Solana's losses. Smaller code-related incidents also affected Raydium and Volo during the reporting period.
Operational Security Drives Most Losses
Blockaid reported that operational security failures caused 74% of the total value stolen. Additionally, one attack cluster associated with North Korea accounted for 55% of all recorded losses.
According to the report, attackers increasingly targeted devices, private keys, privileged credentials, and signing systems. As a result, compromised infrastructure produced transactions that appeared legitimate because authorized credentials approved them.
The firm said traditional smart contract audits cannot prevent administrators from approving malicious transactions after attackers compromise their systems.
Recovery Efforts Continue Across Major Incidents
Several affected projects continued recovery work after the attacks. KelpDAO completed the operational phase of its recovery plan on May 25 after transferring the final tranche of rsETH into its bridge adapter.
Meanwhile, Drift proposed a recovery pool backed by exchange revenue, Tether, and other partners. The protocol also outlined new security measures, including dedicated signing devices, timelocks, redesigned multisig controls, and additional audits before restarting operations.
Separately, Blockaid expects infrastructure teams to strengthen transaction monitoring, isolated signing devices, key segregation, and bridge security as investigations into several major incidents continue.
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Binance.US plans to apply for a CFTC Designated Contract Market license in August to expand into regulated derivatives.
The exchange aims to add prediction markets, futures, and perpetual products as part of its broader recovery strategy.
Binance.US joins Coinbase, Gemini, and Robinhood in pursuing the growing U.S. prediction market sector.
Binance.US plans to apply for a Commodity Futures Trading Commission Designated Contract Market license next month, Chief Executive Officer Stephen Gregory said during the Rare Evo conference in Las Vegas. According to journalist Eleanor Terrett, the move supports the exchange's broader recovery strategy by expanding into prediction markets and perpetual products while reducing trading fees beyond its spot trading business.
Gregory Outlines Expansion Strategy
Gregory said the exchange intends to submit its application in August. A Binance.US spokesperson also confirmed the planned filing. If approved, the license would allow Binance.US to operate a federally regulated derivatives exchange.
It could then offer futures, options, and event-based contracts to retail customers under CFTC oversight. The planned expansion forms part of Binance.US' effort to diversify its products. Alongside prediction markets, the company also plans to introduce perpetual trading products.
Competition In Prediction Markets Grows
The announcement comes as more crypto firms expand into regulated event contracts. Gemini secured a CFTC license earlier this year, while Coinbase partnered with Kalshi to provide prediction markets.
Meanwhile, Bloomberg reported that Robinhood is discussing a partnership with Crypto.com to add prediction market contracts to its platform. As competition increases, Binance.US is seeking entry into the same growing market.
Gregory previously said the exchange wants to regain market share after several years of regulatory challenges. At its peak in 2022, Binance.US held roughly 20% of the U.S. crypto exchange market before its share declined significantly.
Regulatory Process Remains Ahead
Although Binance.US plans to file next month, the application has not yet appeared on the CFTC's public list of pending Designated Contract Market requests. The company also has not provided a timeline for launching prediction market products.
Meanwhile, legal questions continue surrounding event contracts. More than a dozen state regulators have challenged sports-related prediction markets, while the CFTC maintains it has exclusive federal authority over event contracts.
The agency also requires designated contract markets to meet standards covering customer protection, market surveillance, financial resources, and safeguards against market manipulation before receiving approval.
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Senator Cynthia Lummis rejected proposed Clarity Act revisions, saying they weaken protections for software developers without improving enforcement.
Disputed amendments would remove the Lummis-Grassley provision limiting criminal liability for software developers.
The Solana Policy Institute urged Senate leaders to hold a Clarity Act vote before the August recess to advance regulatory clarity.
Senate negotiations over the Clarity Act faced fresh disagreement after a revised proposal emerged, prompting Senator Cynthia Lummis to reject changes affecting software developer protections. According to journalist Eleanor Terrett, prosecutors' groups submitted the proposal while the Solana Policy Institute separately urged Senate leaders to schedule a floor vote before the August recess. The developments came as debate continued over criminal liability and digital asset regulation.
Lummis Pushes Back On Revised Language
According to Eleanor Terrett, Lummis said the latest proposal did not result from any agreement with her. She added the measure failed to protect developers while also falling short of providing law enforcement with practical enforcement tools.
The proposal would remove the Lummis-Grassley amendment from the legislation. That amendment clarified software developers could face criminal liability only when they specifically intended to facilitate money laundering.
Meanwhile, Terrett reported the latest negotiations centered on prosecutors rather than police organizations. Notably, the National Sheriffs' Association, which previously opposed the Clarity Act, did not support the proposed revisions removing developer protections.
White House And Treasury Dispute Proposal
According to Politico reporter Jasper Goodman, two major prosecutors' organizations submitted proposed revisions on the disputed Clarity Act provision to the White House.
However, Crypto Council Executive Director Patrick Witt rejected claims that the proposal reflected discussions with the administration. He said Senator Catherine Cortez Masto's proposal was "not even close" to the White House position.
Terrett also reported that Treasury disputed claims the language reflected its input. Instead, Treasury said Washington lobbyists produced the proposal.
Solana Policy Institute Urges Senate Vote
Separately, the Solana Policy Institute sent a July 28 letter to Senate Republican Leader John Thune and Senate Democratic Leader Chuck Schumer. Kristin Smith and Miller Whitehouse-Levine urged leadership to bring the Clarity Act to the Senate floor before the August recess.
The organization said the legislation would establish protections for software developers while providing regulatory certainty for institutions and consumers. It also highlighted developer growth on Solana during 2024 and argued the legislation would give regulators a framework tailored to blockchain-based financial systems while preserving consumer protections.
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