❌ Binance suspends Shentu (CTK) deposits for network upgrade.
On July 22, Binance temporarily blocked CTK deposits and withdrawals due to a network upgrade (hard fork). While the technical work is necessary, the short-term withdrawal of liquidity and trading activity could exert temporary pressure on CTK and related tokens, which in the context of the overall unstable sentiment of the crypto market may affect other altcoins as well.
❌ BTC is slightly down — $118,790 (+0.67%).
On July 21, Bitcoin traded around $118,790, which is 0.67% higher than the previous day, but still far from the high of $123,000. Investors have begun to respond more cautiously to new updates, which could indicate a strengthening of correction trends after the market shake a few days earlier.
❌ Canaan abandons AI — focusing on mining.
Canaan, a mining manufacturer, has closed its AI chip division, refocusing on ASIC for BTC. While this decision reduces business diversification, the company strengthens its position in traditional mining — miners are consolidating resources. If the BTC market continues to grow, this strategic decision may enhance the operational reliability of mining participants, though it does not create direct support for crypto value.
❌ Whales & institutions — additional BTC?
As of July 20, several large corporate players continue to accumulate BTC. In recent days, the vast majority of large transactions have been directed towards Bitcoin. This confirms the growing interest of institutional investors. While this is positive — real trust, such accumulation may cause short-term fluctuations related to the reallocation of capital.
❌ Global wave of hacks – over $2.17 billion stolen in crypto in the first half of 2025.
Chainalysis analysts recorded that in the first half of 2025, total losses from cyberattacks exceeded $2.17 billion — more than for the entire year of 2024. The lion's share was caused by the hacking of the ByBit platform, which was joined by another major attack on CoinDCX. Large-scale thefts have heightened concerns about the security of digital assets: trust in exchanges has been shaken, investors are again opting for cold wallets, and regulatory pressure on the industry is increasing.
✅ Altseason officially started: BTC stabilizes — capital flows to altcoins.
On July 21, analysts confirmed the collapse of BTC dominance — from 66% to ~60%. This is a sign of active capital shifting to altcoins — ETH, XRP, BNB, SOL. ETH has already updated a 7-month high, and SOL and other tokens are technically rising. Standard signal: altseason begins, providing potential for new profits in the second tier of the crypto market.
✅ XRP surges: +7% after the adoption of crypto laws.
After the approval of three crypto laws in the US Congress, XRP jumped to $3.48, gaining +7% in one day. Corporations (VivoPower, Webus) have accumulated $421 million in XRP, and whale wallets added $7.1 billion — this raises the floor of demand and gives potential for the price to reach $10 if positive dynamics are maintained.
✅ ETH on the way to $4,000: institutional inflows + short squeeze.
Ethereum trades near $3,750, and analysts have detected a signal for a powerful short squeeze — a potential leap to $4,000. This is supported by the launch of ETH spot ETF and increased institutional demand. If this technical momentum works, ETH will receive significant support, confirming its status as the second-largest asset by market capitalization.
✅ Solana surpasses $101.9 billion capitalization.
On July 21, Solana first crossed the $101.9 billion capitalization mark, occupying high positions among blockchain platforms. This shows that investors are looking for altcoins with high potential for DeFi and NFTs development — a trend supported by cash flows from BTC stabilization.
✅ Should we expect an ETF boom? BTC history to $330,000.
Analysts point to a strong likelihood (~90%) of a new wave of crypto-ETFs being approved in the USA. Historically, such events have preceded significant bull markets — even predicting price micro-cycles that could elevate BTC to $330,000. Although this is an opinion from June, its relevance is supported by new legislative proposals and the influx of capital coming through structured instruments.
