The Crypto Basic

#Ethereum is showing stronger network activity despite a relatively modest price recovery.
A sharp increase in smart contract deployments is coinciding with rising exchange liquidity and leveraged trading, according to CryptoQuant analyst CryptoOnchain.
The report notes that ETH’s price has climbed from around $1,770 to $1,903 over the past two weeks. At the same time, several key on-chain metrics are strengthening together. This combination differs from the patterns typically seen during accumulation or distribution phases.
Smart Contract Deployments Surge
CryptoOnchain reported that new smart contract deployments are about 192% above their 90-day average. Deployments also rose 57% over the past week.
According to the analyst, this trend usually reflects renewed developer activity rather than speculative trading. It can include new protocol launches, contract redeployments, or testing ahead of product releases.
The increase suggests Ethereum’s ecosystem continues to expand even as price action remains uneven.
Stablecoin Inflows and Leverage Climb
Binance has also seen a sharp increase in stablecoin inflows. The report says net stablecoin flows are nearly 370% above their three-month average, with daily inflows topping $58 million.
CryptoOnchain said the inflows suggest capital is being positioned on the exchange instead of being deployed directly on-chain.
At the same time, Binance funding rates have climbed to roughly 220% above their 90-day average. Higher funding rates typically signal stronger demand for leveraged long positions.
This means spot liquidity and derivatives activity are expanding at the same time. This setup has historically been followed by periods of elevated two-way volatility rather than a sustained move in one direction.
Low Fees and Record Staking Tighten Supply
Despite stronger developer and trading activity, Ethereum’s base-layer transactions remain inexpensive. Median transaction fees are down more than 96% from levels seen three months ago.
Meanwhile, Ethereum staking has reached a record 33.58%. As more ETH is staked, less is available for trading. That could tighten the liquid supply.
CryptoOnchain said Ethereum is currently showing an unusual combination of rising builder activity, growing exchange liquidity, and elevated leverage. The analyst believes the next major move may depend on whether funding rates cool or whether price can build on its recent breakout attempt.
ETH Price Analysis
ETH traded around $1,921 at press time after recovering 8.5% from roughly $1,770 over the previous two weeks. Notably, ETH reached an intraday high of $1,945 for the first time since June, showing signs of a potential move toward reclaiming the $2,000 level.
The surge in smart contract deployments and record staking levels point to improving network fundamentals. Meanwhile, rising stablecoin inflows suggest that fresh capital is waiting on exchanges.
However, elevated funding rates also increase the risk of sharper price swings as leveraged positions continue to build. If buyers maintain momentum and spot demand absorbs the growing leverage, Ethereum could attempt a stronger breakout above recent highs.
#CryptoNewsCommunity

#Shiba Inu is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges.
It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market. The downturn pushed SHIB to 33rd place on CoinMarketCap’s rankings, raising concerns that the token could slip even further below the top 35.
However, SHIB has defied those expectations. The token has steadily recovered and now ranks as the world’s 31st-largest cryptocurrency, putting it within striking distance of re-entering the top 30.
At the time of writing, Shiba Inu trades at $0.000004230 with a market cap of approximately $2.49 billion. It trails Tether Gold (XAUt), which currently occupies the 30th position on CoinMarketCap, by only $20 million in market value.
Exchange Outflows Reduce Immediate Selling Pressure
Shiba Inu’s recent recovery coincides with significant exchange withdrawals, a trend that typically signals reduced selling pressure.
According to CryptoQuant data, investors withdrew 235.93 billion SHIB from centralized exchanges over the past 24 hours, while 161.74 billion SHIB flowed into trading platforms. As a result, the exchange netflow stood at -74.18 billion SHIB, indicating that approximately 74.18 billion tokens left exchanges during the period.
This negative net flow suggests that investors are moving SHIB into private wallets rather than keeping the tokens on exchanges for immediate sale, potentially easing short-term selling pressure. Despite these withdrawals, exchanges still hold approximately 86.2 trillion SHIB.
Technical Outlook Remains Mixed
Although SHIB has regained momentum and moved closer to the top 30 ranking, analysts remain divided on its short-term outlook.
Recent technical analysis suggests that Shiba Inu is mirroring its 2023 price structure. Based on that pattern, analysts believe SHIB could decline by at least 20% before staging a recovery toward the $0.0000055–$0.0000056 range.
Meanwhile, on-chain data continues to paint a cautious picture. Shibarium’s daily transaction count has fallen to just 661, reflecting weaker network activity. At the same time, the SHIB burn rate has dropped sharply, declining from a recent high of 13 million burned tokens to 2.42 million.
While strong exchange outflows have helped support Shiba Inu’s recent rebound, the token still faces notable headwinds. Weakening network activity and slowing token burns could limit the pace of any sustained recovery, even as SHIB edges closer to reclaiming a place among the top 30 cryptocurrencies by market capitalization.
#CryptoNewss

Large #XRP holders are accounting for an increasingly larger share of exchange outflows, according to new data from CryptoQuant.
The trend confirms whales are playing a much bigger role in moving XRP off centralized exchanges than retail investors.
Whale Share Reaches New High
Data from CryptoQuant contributor Amr Taha shows that whale outflow dominance across all centralized exchanges (CEXs) climbed to a record 77.8% on July 22. Retail investors accounted for just 22%, the lowest share on record.
The shift is notable compared with May 6. At that time, whales represented 63% of XRP outflows, while retail investors accounted for 36%.
Since then, whale dominance has risen by 14.8 percentage points, while retail participation has fallen by about 14 percentage points.
The data suggests that large holders are increasingly driving XRP outflows, while retail investors make up a shrinking share of activity.
Binance Shows the Same Pattern
The same trend is visible on Binance, the world’s largest cryptocurrency exchange by trading volume.
Whale outflow dominance on Binance reached 71% on July 22, up from 67% on May 3. Retail dominance fell to 28.7%, compared with 32% in early May.
Binance still has a slightly larger share of retail-driven outflows than the broader market. Even so, whale participation continues to grow.
Whale Activity Spreads Across Exchanges
Whale dominance across all centralized exchanges now stands 6.8 percentage points higher than on Binance. This suggests the shift is taking place across the broader market rather than on a single exchange.
The gap between whale and retail activity has also widened. Across all exchanges, whales exceed retail participants by 55.8 percentage points. On Binance, the gap is 42.3 percentage points.
The data shows that whales are responsible for a much larger share of XRP leaving exchanges. However, it does not reveal the total amount of XRP transferred, where the tokens were sent, or whether the transfers represent accumulation, custody moves, or preparations for future transactions.
What It Could Mean for XRP
The growing share of whale outflows may indicate that large holders are moving XRP into self-custody. That could reduce the supply immediately available on exchanges.
However, the data is not inherently bullish or bearish. If whale outflows continue while exchange balances decline, XRP could benefit from lower selling pressure and stronger price support. On the other hand, if those tokens later return to exchanges, they could signal renewed selling.
Notably, this observation comes as XRP’s price climbed to $1.16 over the past day for the first time since June. However, the momentum has quickly reversed as the market cools from the ongoing relief rally. XRP is now trading at $1.13, erasing all of its gains from the past 24 hours.
#CryptonewswithJack

#Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023.
According to analysts, Shiba Inu’s recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.
For context, SHIB has remained in a prolonged downturn since losing the critical $0.00000628 support level in May 2026. Following that rejection, SHIB has continued to print lower highs and lower lows, confirming that sellers remain firmly in control of the market.
Price Action Suggests More Downside
As the bearish momentum persists, SHIB has fallen below $0.0000042 and is now trading around $0.00000415, close to the lower boundary of its recent consolidation range.
Notably, this price structure closely mirrors SHIB’s performance between April and June 2023. During that period, the token traded sideways for several weeks before breaking lower and eventually establishing a local bottom. The current setup suggests that a similar sequence may be unfolding once again.
Based on the projected historical pattern, analysts expect SHIB could decline toward the $0.0000032–$0.0000033 support zone through late July and into August 2026. From the current price of $0.00000415, such a move would represent a decline of roughly 20%.
Recovery Remains Possible After Support Test
Despite the bearish outlook, the projected pattern also indicates that SHIB could stage a rebound after testing the expected support area.
If buyers step back into the market and overall sentiment improves, Shiba Inu could recover toward the $0.0000038–$0.0000040 range. However, a stronger bullish reversal would require SHIB to reclaim key resistance levels.
Specifically, the token would need to break above the $0.0000044–$0.0000045 resistance zone before targeting the more significant $0.0000055–$0.0000056 area.
Historical Pattern Is a Guide, Not a Guarantee
If the historical comparison continues to play out, SHIB could establish another local low before beginning a more sustained recovery. However, while the 91.2% pattern match highlights a credible short-term bearish scenario, it does not guarantee that the token will follow its 2023 trajectory exactly.
At the time of writing, Shiba Inu has posted a modest 3.23% gain over the past 24 hours and 3.69% over the past week. Trading activity has also picked up, with SHIB’s 24-hour trading volume rising 7.58% to $55.46 million. Despite the recent recovery, however, Shiba Inu remains outside the top 30 largest cryptocurrencies by market cap. The token currently ranks 32nd globally, with a market capitalization of approximately $2.46 billion.
#CryptoNewsCommunity

A recent analysis has identified that #Cardano is trending within a descending wedge, and a breakout could take the altcoin to $0.60.
Specifically, Crypto Banter’s Sheldon shared this Cardano (ADA) price analysis in a recent YouTube livestream. The analysis projected when ADA could break out of its current descending wedge to target higher prices.
Cardano In a Descending Wedge
Sheldon analyzed the 1-week ADA/USDT chart and highlighted the asset’s trend within a “very good” descending wedge. The structure’s lower support began forming from the October 10 crash low of $0.27. Meanwhile, the upper resistance started to take shape after the early December high of $0.48.
Cardano has persistently slid lower within this wedge, shuffling between the descending upper and lower boundaries. Notably, the lower support provided a strong cushion during its recent multi-year level retest. For context, ADA dropped to 2020 lows of $0.138 in June as bearish pressure intensified.
However, the wedge’s support stood strong again, sparking a 27% rebound to its current price at $0.175. Currently, the altcoin is nearing the upper resistance of the multi-month wedge.
Cardano Breakout Targets $0.5-$0.6
Notably, Sheldon highlighted $0.20 as a key level to watch if the recent resurgence persists. According to him, reclaiming and trading above this region is key. Notably, it confirms a breakout from the current wedge. From here, reclaiming levels above $0.20 requires at least a 14% increase from the current market price.
When this does happen, the analyst predicted a nice move towards the $0.50-$0.60 region, representing a 186% to 243% growth from the current price. The target aligns with price levels last seen in November 2025.
Sheldon went a step further to predict when this breakout could occur. Although ADA seems to be regaining bullish momentum, he sees the descending wedge trapping the altcoin until around September this year. This aligns with the strengthening narrative that the broader crypto market would start to sustainably recover in the last quarter of 2026.
Meanwhile, Sheldon sees the current Cardano price level appealing. He noted that it is a “good trade coming on Cardano,” particularly if it starts to move towards $0.20.
Short-Term ADA Target Is $0.25
In a separate analysis, Cardano SPO Ssebi identified an inverse head-and-shoulders pattern on the daily timeframe. The left shoulder formed at the June 6 low of $0.148, the head at $0.138 on June 25, and the right shoulder at $0.155 on July 13.
According to the analyst, the target for this setup is $0.25, representing a 43% increase from the current market price.
Notably, the bullish development hinges on Cardano continuing to trend upward and avoiding a break below levels around the right shoulder. This means that a daily close below $0.155 could invalidate this pattern.
#CryptonewswithJack

#XRP has reached an important resistance level after breaking above the Ichimoku Cloud on the one-hour chart amid a recent rebound push.
The breakout has improved the token’s short-term outlook, but buyers still need to push through key resistance levels before they can confirm that the recovery has more room to continue.
XRP Recovers but Meets Strong Resistance
XRP bounced back sharply after dropping to a recent swing low of $1.0826. The recovery carried the token above the Ichimoku Cloud before it met resistance around $1.13.
At the time of writing, XRP trades at $1.1311, down 0.24% over the past day. Amid this slight decline, it remains to be seen if buyers can build on the breakout or whether sellers will stop the rally.
The latest move has strengthened the short-term picture, but the broader trend still points lower. Because of that, traders have yet to treat this recovery as confirmation of a full trend reversal. The next price moves will likely show whether XRP can extend its gains or return to its earlier downtrend.
Ichimoku Cloud Shows Buyers Have the Edge
The Ichimoku indicator suggests buyers have gained control in the short term. XRP now trades above both the Tenkan-sen at $1.1240 and the Kijun-sen at $1.1114, and this shows growing buying strength. As long as the price stays above these lines, buyers keep the advantage.
However, the breakout still faces an important test. Senkou Span A sits at $1.1311, matching the current price and acting as immediate resistance.
Meanwhile, Senkou Span B stands at $1.1177, creating a key zone between $1.1177 and $1.1311. If XRP remains above this area, the breakout stays intact, and the short-term outlook remains positive.
A move back inside the cloud would weaken the current setup and increase the chances of another pullback. At the same time, the Chikou Span has not yet moved above the price levels from 26 periods ago. Until that happens, the Ichimoku signal remains positive but still lacks full confirmation.
XRP Fibonacci Levels
Elsewhere, XRP’s Fibonacci extension reveals areas traders should watch next. The nearest support levels sit at $1.1251, which marks the 0.786 retracement, and $1.1158 at the 0.618 retracement. If XRP pulls back, these levels could help slow the decline.
If selling pressure increases, the next support comes in at $1.1002 near the 0.33 retracement. This level also sits close to the Kijun-sen, which makes it an important area that could help determine whether the recent recovery remains in place.
On the upside, XRP first needs to break above the 0.888 Fibonacci level at $1.1307, which aligns with the upper edge of the Ichimoku Cloud.
A successful move above this level would bring the 1.0 extension at $1.1369 into focus. If buyers keep the momentum going, they could then target the 1.272 extension at $1.1522, followed by the 1.414 extension at $1.1602.
Even so, the resistance zone between $1.13 and $1.16 could slow the rally. Buyers will likely face fresh selling pressure throughout this range. Breaking above each level would strengthen the recovery, while rejection could send XRP back toward its nearby support levels.
XRP Momentum Slowing Down
Although XRP has recovered slightly, the Directional Movement Index suggests buying strength has started to fade. The Average Directional Index (ADX) stands at 33.6457, showing that the market still has a strong trend instead of moving sideways.
However, the positive directional indicator (+DI), which measures buying pressure, has fallen from 37 to 29.3752 over the past few hours. This drop suggests buyers have lost some momentum even though the price has held near its recent highs.
Meanwhile, the negative directional indicator (-DI) has also declined to 11.5424, showing that sellers have not yet taken control.
This leaves the market in a balanced position. Buyers still have the advantage because the +DI remains above the -DI. However, if buying pressure continues to weaken while the ADX stays high, XRP could pull back toward the support area between $1.1158 and $1.1177.
#CryptoNewss

#Bitcoin spot demand has weakened sharply even as its price has remained relatively stable in recent weeks.
According to CryptoQuant, this divergence could leave the market vulnerable if selling pressure returns. CryptoQuant contributor ScenarioX noted that Bitcoin’s 30-day Spot Demand recovered to around -80,000 BTC in early July.
However, it later fell back to nearly -170,000 BTC, signaling a renewed slowdown in spot buying activity.
BTC Spot Demand Weakens as Price Holds Steady
According to the analyst, Bitcoin’s recent resilience has not been driven by stronger spot demand. Instead, price stability has largely been supported by easing short-term selling pressure and short covering in the derivatives market.
ScenarioX argued that derivatives activity has helped prevent a deeper decline. However, futures-driven demand alone is not enough to sustain a long-term bullish trend.
As a result, Bitcoin remains in a “structurally fragile” state, the analyst said. Without meaningful spot buying, the market could face a sharp downside move if spot investors begin selling again.
Recovery Could Face Liquidation Risk
Meanwhile, ScenarioX said the momentum in derivatives could continue supporting a short-term rebound as long as spot selling remains limited.
However, the analyst warned that rallies driven mainly by leveraged positions are often unstable. Without stronger spot demand, the current recovery may culminate in a large long liquidation, forcing bullish traders to close positions as prices fall.
The report highlights a growing gap between Bitcoin’s stable price action and weakening underlying demand. It suggests the market may be less resilient than it appears.
Bitcoin Continues Sideways Movement
According to CoinMarketCap data, Bitcoin was trading at $63,941 at the time of writing. The cryptocurrency was down 1.2% over the past 24 hours but remained up 1.91% over the previous seven days.
Bitcoin has gained just 0.41% over the past month, reflecting an extended period of sideways trading. It remains down 27% year-to-date.
ETF Flows Paint a Mixed Picture
Analytics platform Santiment recently noted that U.S. spot Bitcoin ETFs recorded $264.4 million in net inflows over the past two weeks as Bitcoin reclaimed the $64,000 level. This ended a prolonged period of outflows in May and June.
Fidelity’s FBTC led the early July rebound with roughly $166 million in inflows, while ARKB attracted about $91.8 million. BlackRock’s IBIT also returned to positive territory, contributing $138.9 million during a session that saw $181.1 million of total Bitcoin ETF inflows.
Santiment attributed the renewed interest to softer U.S. inflation data, improving expectations for Federal Reserve policy, and optimism around crypto regulation.
However, CryptoQuant contributor IT Tech argued that the recent recovery should be viewed in the context of the broader trend.
While spot Bitcoin ETFs accumulated more than 500,000 BTC in net inflows during 2024 and around 250,000 BTC at their 2025 peak, the analyst noted that 2026 has so far recorded roughly 120,000 BTC in cumulative net outflows.
According to the analyst, if ETF demand was a major driver of Bitcoin’s previous rally, the persistent net outflows this year remain a headwind unless other sources of capital replace that demand.
#CryptoNewsFlash

#XRP dominance is completing a weekly MACD reset that previously preceded major rallies, with the current setup signaling a potential reversal.
The XRP dominance is printing one of the most interesting weekly chart setups seen in months. After nearly a year of steady decline, momentum indicators are approaching levels that have historically marked the beginning of major upside moves.
XRP Weekly MACD Reset Mirrors Previous Events
Currently, the XRP dominance sits at around 3.128%, down 2.5% in July. The trend follows a broader sideways trend, where the asset has lost 18% of its share of the total crypto market cap this year.
Meanwhile, a positive signal is emerging from the MACD on the weekly dominance chart. The indicator is having another full momentum reset, a pattern that has only appeared a handful of times in the past two years.
An accompanying chart shows that XRP has seen the MACD histogram bars move from red to green only three times since late 2024. The first in November 2024 led to a 350% surge in dominance from 1.24% to 5.58%.
The second was in July 2025. The reset aligned with a 16.5% XRP dominance rally to 5.52%. The latest reset occurred in early June when the MACD histogram started to form small green bars, signaling a momentum shift.
Notably, each previous reset came after an extended period of weakness and preceded a sharp move higher in XRP’s share of the overall cryptocurrency market. The current setup is beginning to resemble those earlier momentum transitions.
First Major Signal After Prolonged Consolidation
An asset often starts a strong expansion after prolonged periods of consolidation and momentum resets. The longer an asset spends correcting and building a reliable pattern, the stronger the subsequent move becomes when buyers return.
That is what makes the current XRP dominance structure noteworthy. The technical indicator has spent months below the zero line and printing red bars. From a technical perspective, this type of extended consolidation can create favorable conditions for a powerful reversal if market sentiment improves.
The weekly MACD is now at levels that previously coincided with major turning points, suggesting the downside momentum that has dominated since July 2025 is beginning to fade.
XRP Dominance Eyes Rebound
If XRP dominance follows its historical behavior, the next move could be upward.
The previous two momentum resets led to significant upside moves that reclaimed a large portion of the preceding decline. The current setup suggests that another momentum shift could develop once the bullish MACD momentum strengthens.
While there are no certainties, the similarities between the current chart structure and previous cycle bottoms are becoming increasingly difficult to overlook.
Should the XRP dominance mirror the first event and rally 350%, it would mean controlling around 14% of the total crypto market cap, significantly impacting its price. However, mirroring the more modest 16.5% increase in July 2025 would take the current market dominance to 3.65%.
#CryptonewswithJack

#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 has entered the fifth and final stage of a multi-wave Elliott Wave pattern that started in late June, currently pointing to several short-term price targets.
Specifically, the pattern places the first target at $1.23062, while a stronger rally could push the price as high as $1.40.
At the time of writing, XRP is trading at $1.09810, up 0.05% on the day. Meanwhile, the 14-period Relative Strength Index (RSI) stands at 47.98, showing neutral momentum and suggesting the market still has room to move either higher or lower.
This Elliott Wave structure has formed on the 4-hour timeframe since XRP reached a low of $1.012 on June 26. Since then, the market has completed the first four waves of the pattern and has now moved into the middle of the fifth and final wave.
XRP Elliott Waves One to Three
The current pattern began on June 26, when XRP dropped to $1.012 before quickly rebounding higher. The first wave lifted the price from that low to $1.07 by June 27.
Then, the second wave unfolded as an ABC correction across June 29 and June 30. During this phase, sub-wave A pulled XRP from $1.07 down to $1.03 by June 29.
Sub-wave B followed with a rebound to $1.076 later that same day. Finally, sub-wave C completed the correction by pushing the price back to $1.02 on June 30, marking the end of the larger wave two.
From here, wave three started at the $1.02 low and produced the strongest rally in the entire sequence. Specifically, XRP climbed to $1.18 by July 4, gaining $0.16, or about 15.7%, from the bottom of the wave to its peak.
XRP 4h Elliott Wave
This $1.18 level remains the highest point reached during the current Elliott Wave structure and now acts as the level that the fifth wave needs to move above to reach its projected targets.
Wave Four Leads to an XRP Correction
After reaching $1.18, XRP entered wave four, which represented the most detailed correction in the entire pattern. This phase completed both a standard ABC correction and an internal five-sub-wave structure at the same time.
Within the ABC pattern, sub-wave A pulled the price from $1.18 down to $1.12. Sub-wave B then lifted XRP back to $1.16, while sub-wave C finished the correction by bringing the price down to $1.06 on July 13.
At the same time, the internal five-wave structure within wave four also ended at $1.06 on July 13, with the fifth internal sub-wave marking the end of the correction.
Short-Term XRP Price Targets
Wave five began from the $1.06 low and now forms in five sub-waves. The first sub-wave lifted XRP from $1.06 to $1.13 by July 15 before the market entered the current second sub-wave correction. The pullback has taken the price back to around $1.09 at press time, a decline of about $0.04 from the $1.13 high.
The $1.09 area has now become an important support zone because it closely matches the horizontal reference level at $1.09957.
As long as XRP holds above this area, the current fifth-wave structure remains valid. However, if the price falls below the wave four low of $1.06, the bullish Elliott Wave count would no longer apply, and a more bearish outlook would become the leading scenario.
If the correction around $1.09 ends as expected, the next move could take XRP to $1.17 during sub-wave three. That could be followed by a pullback to $1.14 in sub-wave four before the final fifth sub-wave targets the 1.0 Fibonacci extension at $1.23062.
If buying momentum continues after that, the next upside target sits at the 1.618 Fibonacci extension of $1.33924. Under the strongest bullish scenario, the current fifth-wave structure could extend to $1.40.
While the bullish Elliott Wave count remains the main outlook, the same price action also supports a valid bearish interpretation without breaking any of Elliott Wave theory’s main rules. Under that view, the current structure could still lead to another move lower instead of continuing higher.
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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.
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