Ashrubi

Binance Daily Brief — July 21, 2025
Altcoins are back in the spotlight.

The Crypto Daybook Americas kicks off this week with a clear signal: Altcoin Season may have officially returned, driven by a renewed institutional focus on Ethereum and other Layer-1 blockchains, as Bitcoin dominance holds flat despite a bullish macro backdrop.

According to the Altcoin Season Index by CoinMarketCap, levels have crossed the 50 threshold for the first time since December, signaling a broad market rotation from BTC$BTC
into alternative crypto assets.

📈 ETH Treasuries Lead the Way

A major tailwind for altcoins is the rise in corporate ether (ETH) holdings. The recently passed GENIUS Act in the U.S.—designed to create a regulated environment for stablecoin issuance—has sparked institutional demand for Ethereum and other Layer-1s such as Solana (SOL)$SOL
, XRP, and Cardano (ADA).

“Treasuries are now looking at ETH and top L1s the way they looked at BTC three years ago,” said Singapore-based QCP Capital.

Companies like SharpLink Gaming and Bitmine Immersion Technologies now hold a combined 500,000 ETH, while The Ether Machine announced plans to list publicly with a 400,000 ETH treasury, further reinforcing Ethereum’s status as a treasury-grade asset.

🪙 BTC Stalls as Altcoins Shine

BTC Dominance is flat at 60.82%, after slipping over 5% earlier this month.

Ether-Bitcoin Ratio dipped slightly to 0.0318 (-0.72%), suggesting mild pullback after strong ETH-led gains.

ETH Futures Open Interest hits a record 15.21 million ETH, while BTC Futures OI holds steady at 700K BTC.

On Deribit, ETH risk reversals show a bullish tilt with large call spread activity across tenors.

ETH sees a positive dealer gamma buildup at the $4,000 strike, signaling potential volatility suppression near key levels.

⚠️ Funding Rates & Volatility Signals

XRP and XMR funding rates are approaching 50% annualized, hinting at crowded long positions and possible liquidations ahead.

BTC funding rate remains moderate at 0.0166%, or 18.2% annualized on KuCoin.

Market watchers are closely monitoring ETH consolidation, with some suggesting a breakout to $4,250–$4,500 could follow if treasuries continue to scale in.

📊 Macro + Markets Snapshot

Total Crypto Market Cap: ~$3.8 Trillion

ETH Price: $3,771.92 (+1.97%)

BTC Price: $118,675.21 (+0.62%)

CoinDesk 20 Index: 4,155.88 (+1.89%)

DXY: 98.24 (-0.24%)

Gold Futures: $3,373.10 (+0.44%)

Silver Futures: $38.81 (+0.90%)

🔍 Key Stocks & Miners Watch

Strategy (MSTR): $431.73 pre-market (+2.01%)

Coinbase (COIN): $426.49 (+1.6%)

Galaxy Digital (GLXY): $29.81 (+9.88%)

CleanSpark (CLSK): $12.97 (+1.49%)

Riot (RIOT) and MARA Holdings (MARA) also show modest pre-market gains.

🔮 Outlook: Alt Season Momentum Builds

With institutional ETH demand accelerating and the GENIUS Act reshaping stablecoin frameworks, the altcoin landscape may be entering a period of structural strength. A sustained ETH breakout, particularly with strong spot treasury accumulation, could keep Bitcoin dominance suppressed for the foreseeable future.#StablecoinLaw #ETHBreaks3700 #CryptoMarket4T #NFTMarketWatch

By Binance News Desk | July 24, 2025

The crypto market is once again witnessing turbulence, and the dream of an Altcoin Season may be slipping away — at least for now. After a volatile 24 hours, major altcoins including XRP$XRP
, SOL, and ETH $ETH
have taken heavy losses, with traders rapidly unwinding leveraged bullish bets.

Market Overview

Bitcoin (BTC) continues to consolidate around the $118K level, putting pressure on altcoins across the board. The CoinDesk 80 Index fell over 7%, while the CoinDesk 20, which leans more heavily on BTC and ETH, dipped by 4%.

Leading the downside:

XRP dropped in double digits amid heightened sell pressure.

Solana (SOL) $SOL fell over 8%.

ETH slid over 1.1%, though it’s still showing resilience with a $2,600+ handle.

Traders point to a "long squeeze" scenario — where bullish positions are forcefully exited due to rising liquidation risk. Open interest in perpetual futures for BTC, ETH, SOL, and XRP has declined, while funding rates remain positive, signaling a widespread deleveraging rather than aggressive shorting.

Ethereum Unstaking Surge: Risk or Reset?

Social media is ablaze with speculation around $2 billion worth of ETH queued for unstaking. Over 475 validators are preparing to exit. This echoes January 2024, when mass exits hinted at a temporary market top.

Behind the scenes? Soaring ETH borrowing rates on Aave (peaking at 18%) have made leveraged ETH staking strategies unprofitable. As a result, users are unwinding complex LST/LRT loops, repaying loans, and triggering exits — causing depegs and congestion.

“Negative yield spreads crushed profitability. The rush to exit has only just begun,” said pseudonymous analyst Degen Station on X.

Still, analysts argue that the massive unstaking is not necessarily bearish — with many arbitrageurs buying discounted LSTs to redeem for ETH, and strong demand for restaking continuing.

Other Headlines Making Waves

Tether plans a strategic return to the U.S. with stablecoin products for payments, settlements, and trading.

ETH ETFs have now logged 13 consecutive days of inflows, surpassing $4 billion — a new milestone.

Token Talk: Solana Meme Token ‘PENGU’ Reclaims the Throne

In an unexpected twist, PENGU, the Solana-based meme token, surged 21% to a new all-time high of $0.044, overtaking BONK. The rally aligns with the 4th anniversary of the Pudgy Penguins NFT collection, whose floor price has nearly doubled to 16.2 ETH.

South Korea is driving momentum, with 38% of trading volume now denominated in KRW pairs. Derivatives markets show record-high open interest — a signal that traders are bracing for more volatility.

What to Watch This Week (Crypto Calendar)

July 28: Starknet v0.14.0 launch

July 31: Bitwise & Bitzenship webinar on Bitcoin’s role in de-dollarization

Aug. 1: Helium halving event

Aug. 1: New U.S. tariffs take effect (up to 70%)

Token Unlocks to Monitor:

July 25: Venom unlocks $12.36M (2.84%)

July 31: Optimism unlocks $21.48M (1.79%)

Aug. 1: Sui unlocks $163.66M (1.27%)

Derivatives Snapshot

BTC CME Futures basis: ~9% annualized — highest since May.

ETH CME basis: Tops 10%, hinting at underlying bullish sentiment.

Deribit BTC options: Strengthening put bias.

ETH options: Bullish across all tenors.

XRP options: Surprisingly bullish risk reversals despite price drop.

Macro and Equity Highlights

DXY: 97.35 (+0.14%)

Gold Futures: $3,368.50 (-0.86%)

S&P 500: 6,358.91 (+0.78%)

Nasdaq Composite: 21,020.02 (+0.61%)

Notable Earnings Upcoming:

July 30: Robinhood (HOOD)

July 31: Coinbase (COIN), Reddit (RDDT)

Aug. 7: Block (XYZ), Hut 8 (HUT)

Spot ETF Flows (Farside Investors)

BTC: -$85.8M daily net outflow

ETH: +$332.2M daily inflow

BTC total holdings: ~1.3M

ETH total holdings: ~5.24M

Final Word

Altcoin bulls are facing a reality check. Leverage unwinding, validator exits, and rising borrowing costs have exposed cracks in aggressive DeFi strategies. But beneath the volatility lies resilience — inflows into ETH ETFs, strong arbitrage demand, and meme coin momentum suggest that sentiment, while shaken, is far from shattered.#CryptoClarityAct #StablecoinLaw #BNBBreaksATH #StategyBTCPurchase

✅ Follow us for more Binance crypto updates and strategy alerts every day.

Crypto markets saw a notable downturn on Thursday, with signs pointing toward a long squeeze — not fresh bearish sentiment — as the catalyst behind the move.

The prices of leading digital assets including Bitcoin (BTC)$BTC
, Ethereum (ETH), XRP$XRP
, and Solana (SOL)$SOL
slipped notably, triggered by the unwinding of leveraged long positions. The 20 Index (CD20), which tracks the 20 most liquid tokens, tumbled 6.8% over the past 24 hours.

Bitcoin (BTC) briefly topped $120,000 earlier in the week, but failed to hold gains and currently trades at $118,657.76, down nearly 1%. Ethereum dropped by 3%, XRP saw a sharp 13% decline to $3.0894, and SOL retreated as well.

The latest data reveals a clear decline in futures open interest across major platforms including Binance, OKX, and Bybit:

SOL open interest: -5%

BTC open interest: -1.5%

ETH open interest: -2%

Despite the drop in prices, funding rates remain positive, signaling that bullish sentiment hasn’t completely vanished — but many traders are closing out long positions either voluntarily or via liquidations.

A long squeeze occurs when traders holding leveraged long positions are forced to sell as prices fall, pushing prices even lower. It’s typically viewed as a healthy market correction that clears excessive bullish leverage.

Importantly, the decline in open interest suggests traders are exiting the market, rather than opening new short positions — a distinction that signals the drop is driven more by position liquidation than active bearish bets.

In summary, the selloff doesn’t reflect a shift to bearish market sentiment, but rather a market cleanup of overleveraged long trades — a necessary reset that could pave the way for a healthier rebound#CryptoClarityAct #CryptoScamSurge #TrumpBitcoinEmpire #BNBBreaksATH #BTCvsETH

China is no longer just watching the stablecoin race—it’s jumping in.

After years of cautious skepticism, China’s central bank is showing a newfound urgency toward embracing regulated stablecoins, as U.S. regulatory moves and dollar-dominance pressure intensify. This marks a strategic pivot from its 2021 stance, when the People’s Bank of China (PBoC) warned that global stablecoins could “disrupt monetary policy and challenge financial sovereignty.”

Now, Beijing sees stablecoins not as a threat, but as a tool—especially in countering the U.S. dollar’s growing footprint in Asia's digital finance rails.

“We’re seeing a surge of momentum in China around stablecoins,” said Evan Auyang, President of Animoca Group, in a recent interview. “With the U.S. pushing policies like the GENIUS Act, China is responding by accelerating its own digital currency agenda.”

Hong Kong is rapidly becoming the launchpad for this stablecoin strategy. By fostering a regulated ecosystem and supporting offshore digital yuan use, the region is helping China test and scale its fintech ambitions without bypassing international compliance norms.

Meanwhile, markets showed mixed sentiment:

Bitcoin (BTC) $BTC is consolidating just above $118,000 after its record rally to $123,000. Analysts warn of a possible retracement to $115,000 as short-term bearish patterns emerge, although on-chain indicators still favor a broader uptrend continuation.

Ethereum (ETH)$ETH remains resilient, trading around $3,619. The recent rally toward $3,800 has cemented $3,300 as a strong support level. Bulls are watching for a breakout confirmation in the days ahead.

Nikkei 225 climbed 1.09%, driven by optimism over U.S.-Asia trade discussions and hopes for economic cooperation with the EU.

S&P 500 gained 0.75% on the back of strong tech earnings and renewed investor confidence in global market stability.

In Other Headlines:

Tether CEO says U.S. market entry is “well underway”, with plans for a regulated institutional stablecoin to launch soon. (The Block)

Prometheum Co-CEO warns some tokenization projects are “just gambling under the hood.” (Decrypt)

Hong Kong regulator signals caution, stating the market has become “overly excited” about stablecoins.

As East and West continue their digital currency arms race, stablecoins are quickly becoming more than a payment method—they’re the battleground for monetary influence in the Web3 era.#CryptoClarityAct #TrumpBitcoinEmpire #ETHBreaks3700 #Asia

BTC cools off post-ATH, while ETH ETFs dominate with record-breaking inflows.

The crypto ETF market just experienced a seismic shift. After a powerful rally that pushed Bitcoin (BTC)$BTC
to a new all-time high above $123,000, investor sentiment took a sudden turn. BTC has since pulled back to the $117,000–$118,000 range, prompting the first net outflow from U.S. spot Bitcoin ETFs in nearly two weeks.

BTC ETF Inflows Interrupted

According to Farside Investors, the 13-day streak of net inflows into U.S.-listed spot Bitcoin ETFs ended yesterday, with $131.4 million in outflows—a significant shift in momentum.

Here’s a breakdown of the largest outflows:

ARK Invest’s ARKB: ‑$77.5M

Grayscale’s GBTC: ‑$36.7M

Fidelity’s FBTC: ‑$12.8M

VanEck’s HODL: ‑$2.5M

Bitwise’s BITB: ‑$1.91M

Meanwhile, several ETFs including BlackRock’s IBIT, Invesco’s BTCO, and Franklin’s EZBC reported zero net flows, signaling a pause in new allocations as BTC cools off.

Ethereum ETFs on Fire

While Bitcoin ETFs stumbled, Ethereum (ETH) spot ETFs surged to record highs. Net inflows hit $298.06 million in a single day—the highest since launch—marking a clear divergence in investor preference.

Leading the ETH ETF inflows:

Fidelity’s FETH: +$126.9M

BlackRock’s ETHA: +$102M

Grayscale’s ETHE: +$54.9M

Bitwise’s ETHW: +$13.1M

Only 21Shares’ CETH saw minor outflows of $0.4M, while the rest of the ETH ETFs held steady.

This surge pushes total ETH ETF inflows to $3.53 billion over the past 12 trading days, with Ethereum ETFs outpacing Bitcoin ETFs in daily volume for several consecutive sessions.

What’s Driving the Divergence?

Analysts point to a rotation narrative where institutions, after heavy BTC exposure, are now diversifying into Ethereum. With Ethereum’s staking model, DeFi ecosystem, and upcoming protocol upgrades, ETH is being seen as a growth asset, while BTC remains the macro hedge.

“This isn't bearish for Bitcoin—it's healthy rotation. Institutions are looking to balance risk between BTC and ETH,” noted a market strategist on X.

Bottom Line: As Bitcoin ETFs experience a brief cooling period post-ATH, Ethereum ETFs are gaining steam with historic inflows. The balance between BTC’s consolidation and ETH’s momentum could define ETF flows in the weeks ahead.#BTCvsETH #ETHBreaks3700 #StrategyBTCPurchase

DOGE shows resilience amid macro uncertainty, but $0.27 remains a tough wall to crack.

Dogecoin (DOGE) $DOGE
rallied 5% in the past 24 hours, defying a broader risk-off mood in global markets as traders aggressively defended the $0.26 support level. The price action came alongside a 75% surge in volume, raising hopes of a potential breakout—though resistance at $0.27 continues to hold.

Volume-Fueled Reversal Patterns Emerge

From July 22 at 06:00 GMT to July 23 at 05:00 GMT, DOGE traded within a tight range between $0.26 and $0.27, but the battle between bulls and bears intensified near both extremes:

Key reversals occurred at $720.64M and $717.84M in volume—well above the 24-hour average of $408.52M.

A single-minute spike of 10.47M volume at 05:06 GMT triggered a brief surge to $0.27 before a quick sell-off brought DOGE back to $0.26.

Despite heavy intraday swings, the meme coin managed to hold its ground, suggesting short-term accumulation behavior by tactical buyers.

Macro Uncertainty, Meme Coin Volatility

The backdrop includes heightened geopolitical risk and renewed trade tensions in Asia, contributing to indecisiveness in traditional and crypto markets. DOGE, often viewed as a high-beta proxy, has attracted attention from institutional desks deploying volume-sensitive strategies as volatility moderates across the board.

“DOGE is becoming a tactical trade again—used for testing market appetite in risk-on pockets,” said one desk trader at a Singapore-based crypto fund.

What to Watch Next

As DOGE continues to consolidate in the $0.26–$0.27 band, traders are watching for signs of volume-led momentum or breakdown risks:

Bullish scenario: Sustained volume above 750M with a clean break of $0.27 could trigger a leg higher toward $0.30.

Bearish scenario: A failure to hold $0.256 could lead to a stop-loss cascade targeting $0.24.

Key Takeaway

DOGE's current price action reflects a tug-of-war between accumulation and resistance. With volume rising sharply and macro uncertainty swirling, the next 12–24 hours could determine whether Dogecoin can break free from its range—or fall back to deeper support.#TrumpBitcoinEmpire #ETHBreaks3700 #Dogecoin‬⁩

New dividend-paying shares to fuel BTC accumulation and corporate growth.

MicroStrategy, one of the most aggressive institutional buyers of Bitcoin, is doubling down on its crypto strategy. The company announced plans for a public offering of 5 million shares of a new stock class, STRC, with proceeds earmarked for general corporate use—including further Bitcoin purchases.

The STRC shares are expected to trade on Nasdaq, and will be registered under the Securities Act of 1933, positioning them as a unique investment vehicle blending traditional finance and digital assets.

What Is STRC?

Each STRC share will carry a par value of $100 and feature an initial annual dividend yield of 9%, payable monthly in cash. The first payout is scheduled for August 31, 2025, pending board approval.

MicroStrategy says this structure aims to attract yield-focused investors while also giving the company capital flexibility to expand its Bitcoin treasury and support working capital.

Dynamic Dividend Strategy

The firm retains the right to adjust the dividend rate under controlled conditions. Specifically, any decrease in the yield will be capped at 25 basis points, with possible additional adjustments based on prevailing market conditions. However, the rate cannot fall below the one-month SOFR (Secured Overnight Financing Rate), ensuring a base level of return.

In a further investor-friendly twist, unpaid dividends will compound monthly, earning interest until paid—creating a cumulative income stream for STRC shareholders.

Bitcoin at the Core

While the company emphasizes general corporate use for the IPO proceeds, its ongoing strategy has consistently revolved around increasing its Bitcoin$BTC
reserves. This move solidifies MicroStrategy’s status as a quasi-Bitcoin ETF, using equity financing to accumulate digital assets.

“This is a hybrid model—part tech company, part Bitcoin vault,” one analyst noted on X.

Bottom Line

MicroStrategy’s STRC offering marks another creative push to integrate traditional capital markets with crypto investment. With built-in dividends and BTC-linked upside potential, STRC could attract a diverse investor base looking for exposure to Bitcoin with a yield.#ETHBreaks3700 #StrategyBTCPurchase #StablecoinLaw

First major BTC movement since 2021 sparks speculation about Musk’s crypto strategy.

In a surprise move, SpaceX, the aerospace giant founded by Elon Musk, has transferred $152 million worth of Bitcoin (BTC)$BTC
—its first significant crypto transaction in over three years, according to on-chain analytics platform Arkham Intelligence.

The transaction, spotted earlier this week, has raised eyebrows across the crypto community. While the exact purpose behind the transfer remains unclear, analysts say it may hint at a renewed strategic interest in digital assets by Musk's space venture.

A Quiet Wallet Awakens

SpaceX has long been linked to Bitcoin, with reports in 2021 suggesting it held BTC on its balance sheet alongside Tesla. However, until now, there had been no confirmed movement of those assets—leaving many to assume the holdings were dormant or sold.

That assumption is now being challenged.

The $152 million transfer is being interpreted by some as a prelude to broader crypto involvement by SpaceX, especially amid rising institutional interest and shifting macroeconomic conditions.

Musk’s Crypto History

Elon Musk is no stranger to crypto headlines. He has famously influenced markets with tweets about Bitcoin, Dogecoin, and other digital assets. Tesla, another Musk-led company, bought $1.5 billion in BTC in 2021 and briefly accepted it as payment for electric vehicles.

Although Tesla later sold a portion of its BTC holdings, the latest activity from SpaceX suggests that Musk’s companies may not be done with crypto just yet.

What's Next?

Without an official statement from SpaceX or Musk, the crypto world is left to speculate:

Is SpaceX preparing for a new treasury strategy involving Bitcoin?

Could the company be setting up to accept BTC payments for future space tourism or satellite services?

Or is this merely an internal wallet reshuffle?

Whatever the reason, one thing is clear: Musk’s quiet BTC vault just made a very loud move.

Bottom Line: SpaceX’s first Bitcoin transfer in three years may be the opening act in a renewed phase of crypto engagement—one that the market will be watching very closely.#BTCvsETH #TrumpBitcoinEmpire #StablecoinLaw #ElonMuskTalks

BTC could remain bullish through year-end—defying historical norms.

In a bold move shaking up crypto market dynamics, Trump Media & Technology Group—linked to former President Donald Trump$TRUMP
—has revealed a $2 billion Bitcoin investment, sending a powerful signal to investors: this market cycle might not play by the old rules.

Halving Cycle Wisdom Put to the Test

Traditionally, Bitcoin operates on a four-year halving cycle, where mining rewards are slashed by 50%. The most recent halving in April 2024 reduced rewards to 3.125 BTC per block, historically triggering a post-halving rally followed by a peak 12–18 months later—then a steep correction. This pattern played out in 2013, 2017, and 2021.

Based on that logic, many expected the current bull run to top out sometime in 2025.

But Trump Media’s unprecedented BTC purchase is forcing traders to reconsider. With Bitcoin trading near $117,000, and major institutional inflows growing, the historical timing of a peak may no longer apply.

Why This Cycle Might Be Different

The biggest wildcard? A pro-crypto administration in Washington. Trump has vocally supported digital assets, and his return to office has coincided with increased legislative efforts, such as the GENIUS Stablecoin Act, signaling regulatory tailwinds for the crypto sector.

This isn’t just politics—it’s strategy. The Trump team is betting on a loosening monetary policy. Trump has repeatedly slammed the Federal Reserve and Chair Jerome Powell for keeping interest rates high, which he claims are stifling economic growth.

Analysts say Trump Media’s Bitcoin allocation is a bet on lower rates, a weaker U.S. dollar, and a more liquid financial environment—all bullish conditions for risk assets like BTC.

“No one drops $2 billion on a volatile asset like Bitcoin unless they expect a regime shift,” said macro strategist EndGame Macro on X.

Wall Street Signals Support

Further validating the thesis, Goldman Sachs anticipates three rate cuts in 2025, beginning as early as September, provided inflation remains tame. Lower rates would increase market liquidity and risk appetite, potentially extending crypto’s rally past traditional cycle timelines.

If these expectations hold, Bitcoin could remain strongly bid well into next year—challenging the assumption that every halving cycle must end in a predictable bust.

Key Takeaway: Trump Media’s $2 billion BTC acquisition, paired with favorable regulatory signals and possible Fed rate cuts, may flip the halving-cycle script—pointing to a new era of macro-driven crypto bull markets.#BTCvsETH #StrategyBTCPurchase #Trump

Traditional finance meets DeFi? JPMorgan may soon offer loans backed by BTC and ETH.

In a surprising pivot from its historically cautious stance on digital assets, JPMorgan is reportedly preparing to launch crypto-backed loans as early as 2026. According to sources cited by the Financial Times, the Wall Street giant plans to allow institutional clients to borrow cash using major cryptocurrencies—like Bitcoin (BTC)$BTC
and Ethereum (ETH)$ETH
—as collateral.

This would mark a significant evolution in the bank’s crypto strategy. Currently, JPMorgan permits clients to borrow against crypto-focused exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust (IBIT). But direct crypto collateralization takes that one step further.

The move comes shortly after CEO Jamie Dimon expressed openness to stablecoin adoption—a notable shift from his infamous 2017 remark calling Bitcoin “a fraud.” Under a potentially pro-crypto Trump administration, Wall Street appears to be fast-tracking digital asset integration.

Analysts suggest the new lending product could attract hedge funds, family offices, and high-net-worth individuals seeking liquidity without offloading long-term crypto positions. With BTC hovering near $117,000 and institutional appetite growing, JPMorgan’s timing could align with the next wave of mainstream crypto adoption.

Bottom Line: JPMorgan’s deepening crypto commitment signals Wall Street’s growing acceptance of digital assets—not just as speculative instruments, but as legitimate collateral in traditional finance.#ETHBreaks3700 #StablecoinLaw #BTCvsETH #loans

Binance News | July 22, 2025

U.S. digital asset investment products continue to dominate global inflows, pulling in a massive $4.36 billion last week, compared to just $14.1 million in Hong Kong. Despite the growing popularity of ETFs across Asia, crypto remains a niche allocation for many investors in the region.

According to CoinShares, U.S. crypto ETFs accounted for nearly the entire global inflow of $4.39 billion, underscoring America's lead in crypto adoption through regulated markets. Meanwhile, Hong Kong-based products, despite offering world-class infrastructure and regulatory clarity, lag behind in volume and demand.

Key Inflows (Last Week):

🇺🇸 U.S. Crypto ETFs: $4.36B

🇭🇰 Hong Kong Crypto ETFs: $14.1M

🧾 U.S. Equity ETFs: -$11.75B (net outflows)

💵 U.S. Bond Funds: +$5.55B

A New Door to Mainland China?

There could be a shift on the horizon. At Consensus Hong Kong in February, Red Date Technology CEO Yifan He floated a regulatory workaround: enabling mainland Chinese investors to access Hong Kong-listed spot BTC and ETH ETFs through the QDII (Qualified Domestic Institutional Investor) program.

This structure would allow licensed mainland institutions to offer crypto exposure—without breaking capital control laws or direct crypto ownership—by mirroring existing RMB-based ETF channels.

"If they can buy and sell in RMB within the system, and funds never cross borders, it's just another regulated product," He explained.

He noted subtle shifts in tone from Chinese regulators, saying they’ve started to publicly discuss Bitcoin and digital assets—a move that would have been unthinkable just a few years ago.

Not a Ban Lift—But a Sandbox Model

While this wouldn’t amount to repealing China’s crypto ban, it could represent the start of a sandbox-style framework, dramatically increasing demand for Hong Kong's currently underutilized ETF offerings.

Market Watch (As of 9:00 AM HKT)

BTC: $117,817 — Holding steady in a tight range$BTC
ETH: $3,790 — Up 13% YTD, with momentum returning$ETH
Gold: $3,391.90 — Up 1.2% on weaker USD

Nikkei 225: 40,254.18 — +1.12% as Japan’s political uncertainty settles

S&P 500: Mixed close, but tech indexes hit fresh all-time highs

Binance Insight

The dominance of U.S. crypto ETF flows underscores a growing divergence in global adoption patterns. But if Beijing cracks open even a narrow path to crypto exposure through Hong Kong, Asia’s dynamic could flip rapidly—with billions in sidelined capital waiting to move.#BTCvsETH #StrategyBTCPurchase #StablecoinLaw #ETHBreaks3700

Binance News | July 21, 2025

The crypto treasury movement is rapidly expanding beyond Bitcoin and Ethereum—and now Ethena’s ENA token is the latest target.$BTC

A new company named StablecoinX is set to go public on the Nasdaq through a SPAC merger with TLGY Acquisition Corp, in a bold plan to accumulate large volumes of ENA tokens. Backed by top-tier crypto investors such as Pantera Capital, Dragonfly, Galaxy Digital, Polychain, and Blockchain.com, StablecoinX is raising $360 million to become the first publicly traded firm focused on the Ethena ecosystem.

Key Deal Highlights:

$360M raised via PIPE (Private Investment in Public Equity)

$100M in locked ENA tokens purchased at a discount

$260M in cash earmarked for secondary ENA token buybacks

The Ethena Foundation confirmed that a subsidiary will launch a $260 million buyback program, targeting ENA tokens directly from public exchanges—adding significant demand pressure to an already surging asset.

ENA Pumps 65% This Week

Following the announcement, ENA spiked to $0.58, before pulling back slightly. It remains up 5% on the day and 65% over the past week, making it one of the top-performing tokens in the DeFi space.

Ethena's Growing Influence

Ethena is best known for powering USDe, a “synthetic dollar” stablecoin protocol with over $6 billion in assets, combining spot crypto exposure (BTC, ETH, SOL) with short positions to generate sustainable on-chain yield. The ENA token serves as the protocol's governance and incentive mechanism.

“As traditional finance races to crypto treasuries, we’re seeing a historic shift toward altcoin-backed investment vehicles,” a Galaxy investor noted. “Ethena is uniquely positioned with real DeFi utility and treasury-grade structure.”

The new company, StablecoinX, is expected to trade under the ticker USDE, with the SPAC deal projected to close by Q4 2025.

Binance Takeaway

From institutional Bitcoin hoards to altcoin accumulation via SPACs, the crypto treasury trend is rewriting how public companies position for long-term value. ENA’s breakout is a signal that DeFi-native tokens are entering Wall Street’s radar—and the buying pressure is just beginning.#StablecoinLaw #StrategyBTCPurchase #StrategyBTCPurchase

July 21, 2025

Crypto prediction platform Polymarket is making a bold return to the U.S. after resolving regulatory uncertainties that have clouded its operations since 2022. The New York-based company announced it will acquire QCX, a CFTC-licensed derivatives exchange, for $112 million — marking a strategic pivot toward full regulatory compliance.

The move follows news that both the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) have dropped their investigation into whether Polymarket violated the terms of its earlier settlement.

“This is a major step forward,” a company spokesperson stated. “We’re focused on building legally sound prediction markets that empower users with real-time event pricing — this time, with full regulatory clarity.”

Back With a License, Not Loopholes

QCX, which received CFTC approval on July 9, provides Polymarket a legal pathway to serve U.S. users — something it had agreed not to do after a 2022 enforcement action for operating an unregistered market. That year, Polymarket agreed to block U.S. traders and pay a penalty. However, regulators later questioned whether the company fully complied, even conducting a high-profile search of founder Shayne Coplan’s home.

With the QCX acquisition, Polymarket is clearly signaling its shift away from gray-zone operations toward a regulated, licensed future.

Election Momentum & Billion-Dollar Ambitions

Polymarket gained mainstream traction during the 2024 U.S. presidential election, with its crypto-backed markets pricing real-time odds on political outcomes. The platform also lets users trade on a wide range of future events, including geopolitics, sports, and tech milestones.

The company is rumored to be closing in on a $200 million fundraising round at a $1 billion valuation, indicating strong investor confidence in its U.S. relaunch.

Crypto Insight

Polymarket's return under U.S. regulatory oversight could be a turning point for on-chain prediction markets. Its embrace of compliance over confrontation suggests a maturing crypto industry willing to play by the rules to scale.#ETHBreaks3700 #StablecoinLaw #BTCvsETH

July 21, 2025 – Binance Newsroom

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has officially confirmed its massive move into Bitcoin, revealing holdings worth approximately $2 billion. Based on current BTC prices hovering around $118,900, this translates to a staggering 17,000+ BTC $BTC
under the company’s control.

In addition to direct Bitcoin exposure, DJT has allocated $300 million into an options-based strategy targeting bitcoin-related securities, signaling deeper integration with digital assets and related markets.

“We are methodically executing our Bitcoin treasury strategy as promised,” said CEO Devin Nunes. “These holdings are not only a financial safeguard but also a critical component in protecting the company from potential bias by traditional banking institutions.”

Nunes also hinted at a broader crypto ecosystem vision, confirming plans to launch a utility token designed for Truth Social’s platform, potentially integrating blockchain rewards and user incentives.

This aggressive crypto pivot follows the company’s $2.5 billion capital raise in May, aimed specifically at financing its Bitcoin-focused strategy.

Shares of DJT surged 6.5% in pre-market trading on the announcement.

Crypto Takeaway

DJT’s bold strategy reinforces Bitcoin’s rising role as a corporate treasury asset, further legitimizing institutional adoption across politically aligned and tech-forward organizations.

Stay tuned on Binance for more updates on crypto-driven corporate treasuries#ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase #Trump's

France-based tech firm makes bold treasury bet as Bitcoin strategy intensifies.

July 21, 2025 – Binance Newsroom

Semiconductor innovator Sequans Communications (SQNS) has deepened its commitment to Bitcoin, acquiring an additional 1,264 BTC for $150 million, as part of its expanding digital asset strategy. This new purchase brings its total Bitcoin holdings to 2,317 BTC$BTC
, now worth over $270 million.

The company revealed the latest acquisition at an average price of $118,659 per BTC, inclusive of all associated costs. This moves its overall average purchase price to approximately $116,493 per BTC, showcasing strategic accumulation at key levels.

The investment closely follows a $384 million private funding round, which was secured through a blend of convertible debt, equity, and warrants. According to CEO Georges Karam, Sequans sees Bitcoin not only as a store of value but also as a hedge against fiat volatility and a long-term catalyst for financial resilience.

“Bitcoin enhances our strategic positioning by reinforcing our balance sheet against macroeconomic uncertainty,” Karam said.

Despite the bullish bet, Sequans’ stock dipped 9% in Friday’s trading session. However, pre-market momentum has shown a 15.9% rebound, indicating positive investor sentiment around its crypto-forward approach.

Sequans is joining a growing list of companies integrating Bitcoin into their treasuries, echoing moves by corporate giants like MicroStrategy and Tesla. The shift reflects increasing institutional trust in BTC as a core financial asset.

Stay tuned with Binance for more major updates in crypto finance and corporate adoption#BTCvsETH #StablecoinLaw #StrategyBTCPurchase #ETHBreaks3700

July 21, 2025
Bitcoin's (BTC) $BTC
dominance rate has recorded its steepest weekly drop in over three years, signaling a shift in investor appetite toward altcoins amid rising market optimism and renewed capital inflows.

According to TradingView data, BTC’s share of the total crypto market cap fell by 5.8% in one week, sliding to just under 61%, the lowest level since March. This marks the most significant drop since June 2022, when macro-driven market shocks triggered a similar divergence.

🚀 Altcoins on the Rise

As Bitcoin cooled off below $120,000, the total crypto market cap surged from $3 trillion to $3.8 trillion in just three weeks. Leading this growth are Ethereum (ETH)$ETH
and several altcoins, including memecoins and layer-1 ecosystem tokens, which have outperformed BTC on a relative basis.

"Altcoins are gaining traction as traders rotate capital out of BTC," noted Binance Research. "The broad-based rally suggests a growing appetite for higher beta plays."

🔄 BTC–Altcoin Correlation Weakens

Another key dynamic is the declining correlation between BTC and altcoins, historically a precursor to increased volatility and liquidation risk, particularly for leveraged traders. As correlations weaken, price divergence becomes more likely—raising the stakes for directional bets in both directions.

📊 The Role of Unit Bias in Altcoin Surge

Analysts also point to unit bias—a psychological tendency among retail investors to favor cheaper tokens over expensive ones—as a major force behind the altcoin momentum.

“As Bitcoin pushes toward record highs, new investors often shift to tokens with lower per-unit prices, assuming they offer better value or faster growth potential,” explained Alphractal in a recent report. “This behavioral misjudgment often redirects flows to coins like DOGE or XRP, despite differences in fundamentals or supply.”

This trend reinforces the growing appeal of altcoins and helps explain Bitcoin's declining dominance, even as overall market sentiment remains bullish.

📌 Key Takeaways

BTC dominance falls by 5.8% in one week, biggest drop since 2022.

Total crypto market cap climbs to $3.8 trillion, led by ETH and altcoins.

BTC–altcoin correlation weakens, increasing the risk of volatility.

Unit bias drives retail preference for lower-cost altcoins.

Memecoins and small-cap tokens are among the top beneficiaries of the rotation.

Follow me for real-time crypto insights and expert coverage of market trends shaping the next phase of the bull cycle.#ETHBreaks3700 #StrategyBTCPurchase #NFTMarketWatch #StablecoinLaw

July 21, 2025
Dogecoin (DOGE) $DOGE
has captured market attention with a powerful 8.7% surge in the last 24 hours, marking a potential trend reversal fueled by institutional inflows and growing ETF speculation. Trading volume skyrocketed to 2.01 billion DOGE—nearly triple the institutional daily average of 724 million.

🚀 Corporate Treasuries Eye DOGE

Amid rising global economic uncertainty, some firms are starting to treat liquid tokens like DOGE as strategic treasury assets. Over the past 48 hours, institutional wallets have reportedly accumulated 1.08 billion DOGE, valued at around $250 million, suggesting increasing confidence in the meme coin’s long-term role.

“DOGE is no longer just a meme—it’s now a treasury diversification play,” said analysts at Bitget.

💼 DOGE ETF Speculation Grows

The successful rollout of ETH and XRP ETF products has sparked rumors of a potential Dogecoin ETF filing, with Polymarket showing approval odds near 80%. This narrative has only intensified the bullish sentiment.

📊 Price Action Recap

Session range: $0.254 → $0.277 (8.9%)

Key breakout: 16:00 surge drove price from $0.255 to $0.277

Close: $0.271 after late-session buying and 0.74% final hour gain

Peak trade spike: 19.4M DOGE exchanged as price tested $0.272

📈 Technical Snapshot

Resistance: $0.277 (short-term cap), $0.295–$0.315 (next breakout zone)

Support: $0.264 (strong demand floor)

Trend: Higher lows with robust institutional volume

Volume profile: 2.01B DOGE traded — a 3x spike vs. average

Short-term consolidation between $0.266–$0.274 is likely, with any breakout above $0.277 potentially opening the door to a run toward $0.315.

👀 What Traders Are Watching

Sustained closes above $0.272–$0.275 to confirm a bullish floor

Continued institutional scaling into DOGE

Potential ETF filing — which could redefine DOGE’s market narrative

Follow Me for daily crypto updates and insights.##ETHBreaks3700 #StablecoinLaw #Dogecoin‬⁩

Ethereum (ETH) has climbed above the $3,700 mark, recording a 4.35% surge over the past 24 hours, signaling renewed investor enthusiasm across the altcoin market.

According to the latest figures from Coinglass, bullish sentiment is intensifying, with Ethereum futures open interest continuing its month-long ascent. On July 17, total open interest surpassed $50 billion and has now reached a new all-time high of $52.14 billion, equivalent to 14.31 million ETH$ETH
—up 0.74% since yesterday.

🔍 Exchange Rankings by ETH Open Interest:

Binance leads the pack with $9.33 billion.

CME (Chicago Mercantile Exchange) follows at $6.81 billion.

Meanwhile, activity in spot markets reveals strong capital flows. According to net inflow data:

Top Gainers by Net Inflow:

Litecoin (LTC): $29.83M

Solana (SOL): $15.97M

Bitcoin Cash (BCH): $7.59M

Ethena (ENA): $6.28M

BNB: $5.65M

Top Outflows:

Bitcoin (BTC): -$156M

Dogecoin (DOGE): -$40.28M

Tezos (XTZ): -$40.05M

Ripple (XRP): -$38.23M

TRON (TRX): -$23.54M

Currently trading at $3,704, Ethereum still sits roughly 24.3% below its all-time high of $4,891.70 set in November 2021. However, with rising futures interest and growing inflows into altcoins, market momentum suggests that the next major move could be closer than expected.#ETHBreaks3700 #StablecoinLaw

📍 July 18, 2025 – Asia Opening Update

As Asian markets open this morning, crypto traders are facing renewed volatility signals across Bitcoin and Ethereum$ETH
, amid aggressive miner and whale movements.

⚠️ BTC Faces Pressure: Miners and Whales Move Over 16K BTC

Bitcoin’s recent surge to an all-time high of $123,000 is now showing signs of cooling off. Overnight data from CryptoQuant revealed the largest BTC miner outflow since April — 16,000 BTC$BTC
has been sent to exchanges, a strong indication that miners are securing profits.

Simultaneously, on-chain analysis shows a spike in whale transactions, potentially reinforcing the narrative of a “local top” forming.

🔍 BTC Price: $117,100

📉 Down from recent high, following strong institutional flows and late-day sell pressure.

🚀 Ethereum Continues to Outperform

Ethereum continues its upward trend, maintaining strength above $3,700, up nearly 4% in the last 24 hours and 26% on the week. Analysts say the momentum is being driven by institutional rotation out of smaller altcoins and into higher-beta plays like ETH.

💰 ETH Price: $3,742.88

📈 Bullish sentiment remains strong despite $331M in short positions — short squeeze risk rising.

🔁 Market Sentiment Mixed

The CoinDesk 20 Index holds steady at 4,071.75, reflecting resilient investor appetite across the board. However, low inflows into altcoins suggest market participants are cautious, either holding firmly or waiting for a new catalyst.

📊 Key Takeaways:

BTC miner and whale activity is at a multi-month high — possible near-term price correction.

ETH continues to attract capital, with bullish breakout potential.

Altcoin markets remain quiet — the calm before the next rotation?

🔦 Other Headlines:

JPMorgan: Global regulators leaning toward tokenized bank deposits over stablecoins.

Tether CEO: Will comply with GENIUS framework to enter U.S. markets.

Strange Case: California police tie man’s disappearance to family’s crypto fortune.

📉 Market Watch:

BTC: Consolidation below key support; eyes on $115K as next technical level.

ETH: Gaining momentum; breakout above $3,800 could trigger short squeeze.

Gold: CIBC forecasts $3,600 average in H2 2025, supported by macro uncertainty and central bank demand.

📢 Stay tuned with Binance for real-time updates, live charts, and market alerts.

#BTC #ETH🔥🔥🔥🔥🔥🔥 #CryptoNewss #BİNANCE #whalealert