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DEX Aggregator Odos is Shutting Down: What Users Need to Do Before July 30

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Crypto Price Analysis July-24: ETH, XRP, ADA, BNB, and HYPE

🚀 **Ethereum (ETH)**: ETH rose 3% this week, testing the $1,500 support and approaching the $2,000 resistance, but sustaining gains beyond this level remains uncertain amid a macro downtrend.

💪 **Ripple (XRP)**: XRP also gained 3%, maintaining support above $1, but faces resistance at $1.2; declining volume suggests a lack of momentum for a breakout, and consolidation above $1 could be a pause before potential selling pressure.

📉 **Binance Coin (BNB)**: BNB struggled with no gains over the past week, facing resistance at $580 and showing decreased volatility; it remains in a downtrend with a critical support level at $500 that may be tested soon.

Charles Hoskinson Compares Cardano to Anthropic, Says Slow Approach is Paying Off

🚀 Hoskinson draws parallels between Cardano and Anthropic, emphasizing that a disciplined development approach can lead to success, even when entering the market later than competitors like Google and OpenAI.

🔒 He highlights recent security incidents, such as the Kelp DAO exploit, to illustrate the risks of prioritizing speed over security in the DeFi ecosystem, advocating for a focus on governance and stability.

📉 Despite being a major player in the crypto space, Cardano's ADA has underperformed significantly, down 80% over the past year, raising concerns about its growth strategy compared to other leading platforms like Ethereum and Bitcoin.

Pi Network Price Falls Below $0.09 as PI’s Recovery Starts to Unravel

📉 Pi Network's native token has experienced significant losses, dropping over 10% in the last 24 hours and currently sitting at around $0.082, raising concerns about a potential new bottom.

🔄 Despite a brief resurgence where PI surged by 20% after hitting an all-time low of $0.07, it failed to break the crucial $0.10 resistance, leading to a pattern of instability and repeated record lows.

🚨 The project's fundamentals remain weak, with investor confidence dwindling and no substantial recovery in sight; if the $0.07 support fails, PI risks falling further down the market cap rankings, potentially exiting the top 100 altcoins.

Ethereum (ETH) Is Cheap, But Not at Bottom Yet: Analysts

🔍 CryptoQuant indicates that while Ethereum (ETH) is currently trading 17% below its realized price of $2,300, key signals suggest that the market has not yet reached a definitive bottom.

📉 Selling pressure is easing, but analysts note that capitulation is still absent, and several metrics, including the ETH/BTC MVRV ratio, have not yet reached historical bottoming levels.

💪 Despite recent price declines, Ethereum's fundamentals remain strong, with increasing interest in real-world asset tokenization and institutional trust, although ETH needs to reclaim the $2,000 mark for further upward momentum.

Bitcoin ETFs Edge Closer in Japan as Regulators Tighten Crypto Oversight

🚀 Japan is on track to potentially launch its first Bitcoin ETFs by 2028, following regulatory amendments that allow crypto assets under the Financial Instruments and Exchange Act.

💰 Estimates suggest that Japanese Bitcoin ETFs could attract up to JPY 3 trillion by fiscal 2028, although no products have been approved yet, pending further regulatory revisions.

🔒 New legislation introduces stricter penalties for unregistered crypto operators, increasing prison terms and fines, while also reflecting growing corporate interest in cryptocurrencies like Bitcoin and XRP.

Has Bitcoin Already Bottomed? Grayscale Says Macro Signals Matter More

📉 The debate on Bitcoin's bear market end is split between traditional four-year cycle proponents and those, like Grayscale, who believe the bottom may have already been reached due to macroeconomic factors.

🌍 Grayscale argues that Bitcoin's price is now influenced more by broader economic conditions rather than just halving events, suggesting that improvements in these conditions could indicate a price bottom has been hit.

🔍 Analysts, including Killa and Ali Martinez, support the idea of an early bottom, citing technical signals and market structures that suggest Bitcoin may be forming higher lows rather than significant new lows.

Shiba Inu Holders Breakdown: Here’s How Many Whales Control 95% of the Supply

🐶 Shiba Inu has gained nearly 1.7 million holders, but a mere 703 whales control 94.5% of its supply, raising concerns about market manipulation.

📉 Despite a significant 72% price decline over the past year, analysts suggest that SHIB may be at a critical stage for a potential rebound, especially with decreasing tokens on exchanges.

⚠️ However, caution is advised as some analysts warn of a bearish pattern that could lead to a further drop in price to the $0.0000032–$0.0000033 range.

Analyst: Bitcoin Stuck Near $65K Because Capital Is Flowing to AI

💰 Bitcoin is hovering around $65,000 as traders observe a significant shift in capital towards AI investments, with Big Tech spending projected between $190 billion and $205 billion this year.

📉 Despite recent inflows into Bitcoin ETFs totaling nearly $1 billion, this pales in comparison to the $6.9 billion that exited these funds earlier this year, indicating a cautious investor sentiment amid rising inflation and bond yields.

🔍 Analysts are watching key technical levels, with resistance at $68,000 and potential for gains if Bitcoin can maintain above the 21-day moving average, while a weekly close below $51,000 could invalidate bullish patterns.

Ethereum’s Next Leg Higher? Historic Indicator and Whale Activity Align

🚀 Ethereum has surged 16% in the past month, with a bullish MVRV ratio crossover indicating a potential recovery phase, marking the first occurrence of this setup in 2026.

🐋 Large investors are actively accumulating ETH, with notable purchases including a whale buying 27,000 ETH for $52 million and BitMEX co-founder Arthur Hayes adding 3,270 ETH to his holdings.

📉 While some analysts predict a bullish trend, others warn of a possible bull trap, suggesting a potential drop to between $1,300 and $900 before a long-term target of $7,000.

2 Bullish and 1 Bearish ADA Signals: Where Is Cardano’s Price Going Next?

🐋 Cardano's price has surged 8% to approximately $0.17, driven by increased whale activity, with large investors now holding nearly 70% of the circulating supply.

📈 The Relative Strength Index (RSI) for ADA is currently at 28, indicating it is in oversold territory and may be poised for a price rally.

📉 However, rising exchange inflows suggest a potential bearish trend, as more investors are moving away from self-custody, increasing immediate selling pressure.

Bitcoin Price Analysis: BTC Rally Loses Steam as Historical Resistance Comes Into Play

🚀 Bitcoin's recent rally has pushed its price into the $65.5K-$66.7K supply zone, but it faces potential resistance from sellers in this area, indicating uncertainty about the sustainability of the recovery.

📉 The daily chart shows that while BTC has reclaimed a descending trendline, it remains constrained by the declining 100-day moving average, with a critical support zone at $63K-$64K that buyers must defend to maintain short-term control.

🔍 Sentiment analysis reveals a significant concentration of short-side liquidity around the $88K region, suggesting that while the market structure has improved, caution is warranted until Bitcoin can clear this overhead resistance and establish a bullish trend.

Ripple Price Analysis: XRP’s Recovery Is a Trap Until This Happens

🚧 XRP is currently facing a significant technical barrier, trading within a long-term descending channel, and must overcome the $1.24 to $1.29 resistance zone for a trend reversal.

📉 Despite a recent rebound from lows, the overall market sentiment remains bearish as XRP struggles below major moving averages and the channel's upper boundary.

🔄 The 4-hour chart shows a short-term improvement with XRP reclaiming a descending trendline, but a decisive breakout above $1.18 is crucial for further upward momentum.

2022 vs. 2026: Analyst Warns Bitcoin’s Recent Rally Could End in a Massive Crash

🚀 Bitcoin's valuation has seen a minor resurgence, briefly reaching nearly $67,000 but currently stabilizing around $65,000.

⚠️ Analysts caution that this price increase may resemble the autumn of 2022, which preceded a significant crash, with some predicting a potential drop to $47,000 before a major uptrend.

💼 Renewed institutional interest in Bitcoin is evident, with inflows into spot BTC ETFs surpassing outflows for the past week, indicating increased confidence from conservative investors.

EU Hits Russia With Toughest Crypto Crackdown Yet

🚫 The European Union has implemented its 21st sanctions package against Russia, prohibiting transactions with 11 unnamed crypto operators and 94 financial institutions, primarily based in Belarus and Nigeria.

💰 This new power allows the EU to sanction entire nations or jurisdictions suspected of facilitating Russian financial transactions, marking a significant escalation in efforts to combat sanctions evasion.

⚓ The sanctions also target 32 Russian banks and the Moscow stock exchange, freezing their assets in the EU and banning transactions, while also addressing vessels in Russia's shadow fleet for the first time.

Democrats Reject Latest CLARITY Act Draft Over Ethics, Illicit Finance Concerns

🛑 Senate Democrats express concerns over the latest CLARITY Act draft, citing insufficient provisions on ethics, consumer protection, and market integrity.

🤝 Despite ongoing bipartisan negotiations, the bill faces challenges in securing the necessary 60 votes in the Senate, with current odds of passage dropping significantly.

🔍 Former CFTC Chairman Chris Giancarlo suggests the CLARITY Act may ultimately fail, but believes existing regulatory frameworks can still foster innovation in the crypto space.

WLFI Pumps by Double Digits as Bitcoin (BTC) Settles Below $66K: Market Watch

📉 Bitcoin's price has faced resistance, dipping to around $65,300 after briefly reaching $67,000, with support found just below $66,000.

🚀 WLFI has emerged as a standout performer, surging over 11%, while Blockchain Capital's BCAP skyrocketed by 360%, despite reporting $0 trading volume.

💰 The total cryptocurrency market cap remains stable at over $2.3 trillion, with Bitcoin's dominance slipping to 56.5% among altcoins.

Veteran Crypto Exchange BitMEX to Shut Down in September

🚫 BitMEX, a pioneer in cryptocurrency derivatives trading, will permanently cease operations on September 23 after over 11 years in the industry.

📉 The exchange has halted new account registrations and is urging users to close positions and withdraw assets before the shutdown.

🔍 Despite its impressive security record, BitMEX faced legal challenges from US authorities in 2020, which contributed to its decline in market share against emerging competitors.

‘Hackers Day’: 3 Crypto Protocols Drained of $35 Million in 24 Hours

💰 **Massive Losses:** AFX Trade, BSquaredNetwork, and Verus collectively lost over $35 million in crypto assets in a series of hacks dubbed "Hackers Day."

🔍 **Exploits Detailed:** AFX suffered a $24.15 million loss, BSquaredNetwork lost approximately $3.86 million, and Verus was drained of $7.55 million, with the attacks revealing serious security vulnerabilities.

⚠️ **Security Concerns Raised:** Experts are questioning AFX's security practices, highlighting a lack of proper testing and unresolved issues from audits, suggesting a concerning culture around security within the team.

Chainlink Whale Activity Explodes as $100 LINK Predictions Gain Momentum

🐋 Whale activity on the Chainlink network has surged, with over 20 transactions exceeding $1 million in the past week, indicating increased interest from large holders.

📈 Accumulation by whales has reached over 14 million LINK tokens in less than a month, reflecting growing confidence among major investors as their total holdings rise significantly.

💰 Analysts predict a potential price surge for LINK, with targets between $50 and $100, citing strong ETF inflows and comparing current market conditions to previous bullish trends.