The Crypto Basic

#Ethereum whales remain comfortably in profit, but rising exchange deposits and ample liquidity could keep selling pressure elevated.
CryptoQuant contributor PelinayPA said Ethereum’s Whale Net Unrealized Profit/Loss (NUPL) remains above zero. This means large holders are still sitting on unrealized gains.
However, the metric has not yet reached the extreme levels seen at previous market tops. That suggests whales have not entered the profit zone that typically leads to heavy selling.
“Whales are not yet at the psychological threshold that typically triggers heavy profit-taking,” the analyst said. Although their unrealized profits are gradually shrinking, the current trend does not resemble the conditions seen at past market cycle peaks.
Binance Deposits Keep Selling Pressure Elevated
Despite the lack of peak-profit conditions, Ethereum deposits to Binance remain unusually high. According to CryptoQuant, ETH deposits into Binance have increased sharply since late 2024 and remain elevated.
However, moving ETH to an exchange does not always mean investors plan to sell immediately. Still, it puts more ETH on the market, increasing the risk of selling pressure.
CryptoQuant’s chart shows the Binance User Deposit Address metric standing at 1.12 billion on July 15, remaining close to its highest levels in recent years. This suggests a large amount of ETH remains on the exchange and is available for trading.
Stablecoin Reserves Give Ethereum Whales More Buying Power
The report also points to growing stablecoin reserves among large investors. CryptoQuant’s USDT and USDC Whale metric has climbed to 2.7958 billion, indicating that large investors collectively control nearly $2.8 billion in stablecoin liquidity that could be deployed into Ethereum or kept on the sidelines. These holdings give them additional buying power alongside their existing Ethereum positions.
This allows whales to buy more ETH if they see an opportunity. However, they could also shift their capital out of Ethereum if market conditions worsen.
Meanwhile, Ethereum’s Realized Price has climbed to approximately $2,305. This means the average price investors paid for ETH is increasing.
The analyst said this reflects stronger long-term capital inflows than in previous market cycles. It also suggests new investors are still buying Ethereum, even at higher prices.
As The Crypto Basic reported yesterday, large investors, including Bitmine, Abraxas Capital, and unknown whales, accumulated 82,898 ETH over three days. Industry leaders such as Bitmine Chairman Tom Lee have also continued to issue bullish outlooks for ETH, including a 100x price prediction, even amid the bear market.
Whale Capital Flows Could Decide ETH Next Move
PelinayPA concluded that Ethereum whales are holding large amounts of both ETH and stablecoins, giving them ample liquidity on either side of the market.
This means Ethereum’s next major price move could depend on what whales do next. If they use their stablecoin reserves to buy more ETH, prices could rise. If they start selling their ETH for cash, prices could come under pressure.
At the time of writing, Ethereum was trading at $1,846. It was up 1% over the past 24 hours, 2.6% over the past week, and 5.5% over the past month. However, it remained 49% below its price from a year ago.
#CryptoNewss

#Shiba Inu has missed out on what could have been its first appearance in a U.S.-listed spot crypto exchange-traded fund (ETF).
This comes after T. Rowe Price launched its long-awaited Active Crypto ETF without including the meme coin among the supported assets. For months, the Shiba Inu community anticipated SHIB’s inclusion in the fund.
During the ETF’s initial filing in October 2025, the $1.89 trillion asset manager revealed plans to hold between five and 15 digital assets. At the time, SHIB appeared on the list of cryptocurrencies that met the fund’s eligibility standards, fueling optimism that it would become one of the first meme coins to gain exposure through a U.S.-listed spot crypto ETF.
However, that expectation did not materialize when the fund officially launched.
T. Rowe Price Debuts TKNZ on NYSE Arca
Following approval from the U.S. SEC, T. Rowe Price launched the Active Crypto ETF yesterday under the ticker TKNZ on NYSE Arca.
The actively managed fund debuted with $15 million in assets under management (AUM) and carries an expense ratio of 0.75%. Rather than including SHIB, the ETF launched with exposure to the following digital assets:
Bitcoin (BTC) – 40.75%Ethereum (ETH) – 18.42%Binance Coin (BNB) – 11.01%Solana (SOL) – 9.44%XRP (XRP) – 9.37%Hyperliquid (HYPE) – 6.45%Stellar (XLM) – 3.00%Dogecoin (DOGE) – 1.28%USD Coin (USDC) – 0.16%Cash equivalents – 0.11%
While Dogecoin secured a place in the portfolio, Shiba Inu was absent despite previously being identified as an eligible asset.
Why Was Shiba Inu Excluded?
T. Rowe Price did not provide an official explanation for SHIB’s exclusion. Nevertheless, several developments since the ETF’s initial filing may have influenced the final portfolio selection.
When the filing was submitted in October 2025, Shiba Inu ranked among the top 20 cryptocurrencies by market cap. Since then, the token has experienced a significant decline in market value and has slipped out of the top 30.
At press time, SHIB ranks as the 33rd-largest cryptocurrency, with a market cap of $2.43 billion and a trading price of $0.000004132.
Beyond its declining market position, the project’s public presence has also weakened. Several prominent members of the Shiba Inu ecosystem have become less active on social media. Meanwhile, the Shibtoken X account—once widely viewed as the project’s primary social media presence—has increasingly promoted other meme coin projects, raising concerns among some community members about the ecosystem’s current direction.
Active Management Leaves the Door Open
Although SHIB was excluded from the ETF’s initial holdings, its chances of joining the fund in the future have not been completely ruled out.
Unlike passive index-tracking ETFs, the T. Rowe Price Active Crypto ETF actively adjusts its portfolio based on changing market conditions and investment opportunities. As a result, the fund manager can modify asset allocations or introduce new cryptocurrencies over time.
If Shiba Inu regains market momentum, improves its ranking, or demonstrates stronger ecosystem growth, it could potentially qualify for inclusion during a future portfolio rebalance.
For now, SHIB also lacks a standalone spot ETF application in the United States. Unlike Bitcoin, Ethereum, XRP, and several other major cryptocurrencies that have attracted ETF proposals, no asset manager has filed for a dedicated Shiba Inu ETF.
Until such a filing emerges, or SHIB is added to an actively managed crypto fund like TKNZ, the timeline for the token’s first U.S. spot ETF exposure remains uncertain.
#CryptoNewsFlash

#XRP hat die fünfte und letzte Phase eines Multi-Wave-Elliott-Wave-Musters erreicht, das im späten Juni begann. Aktuell deutet es auf mehrere kurzfristige Kursziele hin.
Konkret setzt das Muster das erste Ziel bei 1,23062 $, während ein stärkerer Anstieg den Kurs bis auf 1,40 $ treiben könnte.
Zum Zeitpunkt der Erstellung dieses Textes wird XRP bei 1,09810 $ gehandelt, was einem Tagesplus von 0,05 % entspricht. In der Zwischenzeit liegt der 14-Perioden Relative-Strength-Index (RSI) bei 47,98, was auf einen neutralen Momentum-Verlauf hindeutet und zeigt, dass der Markt noch Spielraum hat, entweder nach oben oder nach unten zu laufen.

Large cryptocurrency investors have continued buying Ethereum over the past three days.
They withdrew nearly 82,000 ETH, worth more than $154 million, from major exchanges this week.
At the same time, Fundstrat Chairman Tom Lee shared a long-term bullish outlook for Ethereum. He said the cryptocurrency could ‘easily’ rise 100-fold.
Whales Withdraw Nearly 82,000 ETH From Exchanges
According to blockchain analytics platform Lookonchain, several whale wallets accumulated Ethereum between July 15 and July 17.
On July 17, two newly created wallets withdrew 20,000 ETH worth about $37.72 million from Coinbase Prime. During the same period, investment firm Abraxas Capital withdrew another 8,452 ETH worth roughly $16 million from Binance and Bybit.
The activity followed a strong buying day on July 16. Three newly created wallets withdrew 30,000 ETH worth $57.66 million from Coinbase Prime. Crypto entrepreneur Arthur Hayes also bought 1,293 ETH, valued at around $2.48 million.
On July 15, Abraxas Capital withdrew another 8,153 ETH worth $15.3 million from Binance and Bybit. At the same time, the firm deposited 618 BTC worth nearly $40 million into Kraken. The move suggested a possible shift from Bitcoin into Ethereum.
Overall, the disclosed purchases totaled 81,898 ETH over three days.
Bitmine Expands Its Ethereum Treasury Holdings
Institutional buying has also extended to corporate treasuries. Bitmine, chaired by Tom Lee, purchased another 6,000 ETH worth approximately $11.18 million from FalconX on July 15.
The purchase adds to Bitmine’s growing Ethereum holdings, now approaching 6 million ETH. The company is aiming to build one of the largest Ethereum treasury positions while also investing in Ethereum ecosystem projects.
Tom Lee Shares Bullish Ethereum Outlook
In Bitmine’s July Chairman’s Message, titled “Ethereum Is the Cure for the Uncanny Valley of Wealth,” Lee compared Ethereum’s current stage to the early days of the internet.
He argued that many investors still underestimate crypto’s role in an AI-driven economy.
According to Lee, Ethereum could become the settlement layer for future financial systems. He believes crypto infrastructure will play a key role in supporting digital wealth and AI-powered commerce.
Lee referenced projections from Ethereum co-founder Joe Lubin and research from Etherealize that suggest Ethereum could eventually reach $250,000 per ETH. That would represent a gain of roughly 100 times from current levels.
Bitmine Chairman’s Message
However, Lee said he was not endorsing that exact price target. Instead, he argued that Ethereum still has “radical upside.”
He compared Ethereum’s potential growth to companies such as Amazon, Nvidia, and JPMorgan during their early expansion phases.
Lee also highlighted the connection between Bitmine’s stock performance and Ethereum’s price. He said the company’s shares have shown a reported 90% correlation with ETH.
If Ethereum reaches the higher valuations predicted by some long-term bulls, Lee believes Bitmine shareholders could also benefit significantly.
Lee ended by quoting investor Charlie Munger: “The big money is not in the buying and selling, but in the waiting.”
The quote reflects Bitmine’s long-term confidence in Ethereum’s future as the firm has accumulated 5.74 million ETH tokens over the past year.
#CryptoNewsCommunity

Die anhaltende #Bitcoin -Korrektur setzt laut dem CryptoQuant-Mitwirkenden CryptoZeno die Marktbewertungen zurück – statt das Ende des aktuellen Bullenzyklus zu markieren.
In zwei separaten Analysen untersuchte er den langfristigen Inhaber (LTH) MVRV von Bitcoin sowie die Kennzahl für Adjusted Net Unrealized Profit/Loss (NUPL). Beide Indikatoren deuten darauf hin, dass erfahrene Investoren trotz der jüngsten Kurschwäche weiterhin engagiert bleiben.
Long-Term Holder MVRV deutet auf einen Bewertungs-Neustart hin
Bemerkenswert ist: Bitcoin wird bei 64.500 $ gehandelt, ist im Tagesverlauf um 4 % gestiegen, liegt jedoch 49 % unter seinem Allzeithoch.

#XRP now hat eine wichtige Widerstandsmarke zu überwinden, bevor es die bärische Trendrichtung ändern kann, da die Ichimoku-Wolke starken Widerstand von oben bietet.
Derzeit wird XRP bei 1,1093 $ gehandelt, wobei eine Reihe niedrigerer Hochs im Wochenchart weiterhin zeigt, dass die Verkäufer die Kontrolle behalten. Auf dem aktuellen Kurs ist XRP bereits um mehr als 70 % gegenüber dem Allzeithoch von 3,6 $ gefallen.
Obwohl ein Wochenschluss über 1,1444 $ das Muster niedrigerer Hochs erstmals seit 12 Monaten durchbrechen würde, steht die Ichimoku-Wolke weiterhin einer stärkeren Erholung im Weg.

Große #Cardano /Wale haben weiterhin ADA angesammelt und ihre gesamten Bestände auf das höchste Niveau seit Februar 2023 angehoben.
Die größten Cardano-Inhaber bauen ihre Bestände stetig aus, auch wenn ADA schwach wirkt. Im Gegensatz dazu kürzen Privatanleger ihre Positionen weiterhin, da sie ungeduldig werden angesichts des anhaltenden Preistrends.
Die Divergenz zwischen großen und kleinen Inhabern ist zu einem der gesündesten Trends geworden, der sich im Cardano-Netzwerk abzeichnet.
ADA-Wale erhöhen Bestände, während Privatanleger zurückgehen

Der Pro-XRP-Anwalt John Deaton hat XRP-Inhaber dafür gratuliert, eine bedeutende Rolle in der Klage der SEC gegen Ripple gespielt zu haben.
Der Anwalt Deaton machte die Bemerkungen , während die XRP-Community das dritte Jubiläum des richtungsweisenden Urteils von Richterin Analisa Torres vom 13. Juli 2023 feierte, in dem festgestellt wurde, dass XRP an sich keine Sicherheit ist.
Gericht erkennt die Argumente der XRP-Inhaber an
Laut Deaton ist eines der stärksten Indizien dafür, dass XRP-Inhaber das Ergebnis beeinflusst haben, die Entscheidung von Richter Torres, die von ihm eingereichte Amicus-Briefing aufzuführen, das er im Namen von Tausenden von XRP-Investoren verfasst hat.

#XRP kommt dem Einstieg der potenziellen bullischen Gartley-Harmonie-Struktur immer näher, die das Ende der laufenden Korrektur markieren könnte.
Derzeit wechselt XRP bei $1.0685 den Besitzer, und die Einstiegsszone stimmt außerdem mit einem lang etablierten Nachfragebereich zwischen $1.02 und $1.0448 überein. Das macht die Zone zu einer der wichtigsten Ebenen im Chart.
Bemerkenswert ist: Wenn sich eine Harmonie-Struktur und eine bewährte Unterstützungszone treffen, zeigt das Stärke. Wenn XRP die Gartley-Struktur abschließt und Käufer den Bereich von $1.02 bis $1.0448 erfolgreich verteidigen, könnte der Token nach Monaten in einer Korrektur wieder anfangen, sich zu erholen.

#Ripple CEO Brad Garlinghouse sagt, das Unternehmen habe ernsthaft erwogen, nach der Klage der US-SEC im Jahr 2020 dichtzumachen.
Er beschrieb die Entscheidung als eine der schwierigsten seiner Karriere. Garlinghouse sagte an der University of Kansas School of Business, dass die Führung von Ripple darüber debattiert habe, ob das Unternehmen aufgelöst werden sollte, statt gegen das, was zu einem vierjährigen Rechtsstreit wurde, vorzugehen.
Ripple erwog, den Betrieb einzustellen
Garlinghouse sagte, er und der Ripple-Mitgründer und Vorsitzende Chris Larsen hätten sich gefragt, ob Ripple fortbestehen sollte, nachdem die SEC dem Unternehmen vorgeworfen hatte, unregistrierte Wertpapierverkäufe durchzuführen, indem XRP angeboten wird.

Marktdaten deuten darauf hin, dass #XRP etwa 1.400 Tage braucht, um einen neuen Zyklus-Höhepunkt zu erreichen.
XRP befindet sich seit der Erreichung seines Zyklus-Hochs von 3,6 $ im Juli 2025 seit 12 Monaten in einer Korrekturphase. Während Marktteilnehmer auf eine Erholung warten, legen historische Zyklusdaten nahe, dass die Korrektur möglicherweise noch nicht abgeschlossen ist.
Bemerkenswerterweise zeigen XPRPs drei abgeschlossene Marktzyklen, dass die Kryptowährung im Durchschnitt 1.414 Tage benötigt hat, um sich vom Höhepunkt eines Zyklus zum nächsten zu bewegen, nachdem sie zuvor von dem vorherigen Hoch gefallen war.
Da seit dem Juli-2025-Höchststand erst 360 Tage vergangen sind, deuten die Daten auf eine mögliche Zyklus-Bodenbildung um Q4 2026 hin, während ein neues Zyklus-Hoch zwischen Mai und August 2029 eintreffen könnte, falls das historische Muster anhält.