Cryptonews

In a tweet—ah, the modern-day oracle of truth—Deaton rejoiced over ProShares’ XRP ETF sashaying onto the scene on July 18th. He reminisced about a heroic federal judge two years ago, who bravely proclaimed, “Lo and behold! The altcoin itself is not a security!” Cue the confetti! 🎊 This declaration was the fruit of a laborious battle fought by a valiant brigade of 75,000 XRP holders, who dutifully backed Deaton’s amicus brief like a chosen crew of the intergalactic space fleet.

According to a CoinShares report, Ethereum ETFs have been gobbling up a whopping $10.2 million in inflows last week, while Bitcoin ETFs were left with a rather sour $11.6 million in outflows. This role reversal, with Ether ETFs being net bought and BTC ETFs being net sold, hints at a growing belief in Ethereum’s long-term potential and its ability to diversify crypto portfolios. Data from Sosovalue also shows that spot ETH ETFs have hit record-breaking numbers in the last week. 🚀

In a truly riveting exposé, CRYPTOWZRD pointed out that both Chainlink and LINKBTC are locked in a dramatic standoff, with today’s daily candles closing almost as indeterminate as my breakfast choices. No major pushes here—just a collective holding of breath as everyone waits for a clear signal, especially from LINKBTC, to decide whether it’s party time or nap time. 😴

The 1-hour chart for OP/USDT tells a sad story of a rapid ascent that peaked near $0.71 before plunging into a consolidation phase. This shift was marked by a pattern of lower highs and a stubborn refusal to break through the $0.68 zone.

On a rather eventful Monday, the distinguished members of the US House Rules Committee convened, with anticipation crackling in the air amidst the discussion of three momentous crypto bills. Chief among these stands the Digital Asset Market Clarity (CLARITY) Act, an offering to the altar of fiscal stability introduced in the balmy days of late June. Can one legislation truly prevent another catastrophic freefall reminiscent of the appalling FTX collapse? Apparently, some lawmakers believe so, their eyes reflecting a mix of hope and despair. 😅

Ethereum [ETH] just took a 2% hit and got rejected hard at a key resistance level, and suddenly $3,000 is looking more like a local top than a launchpad. 🤦‍♂️

The headline CPI, a beast awakened from its slumber, rose to 2.7% year-over-year, a feat not seen since the distant days of February. The core CPI, a sly and cunning creature, ticked higher to 2.9% annually, leaving the pundits to ponder the meaning of it all 🤔.

With an influx of ETFs, lingering supply woes after the halving, and policies shifting like a playful breeze, the long-term prospects for Bitcoin seem favorable—like a well-placed wager at a farcical comedy! 😏

Ah, Dogecoin [DOGE], the seesaw of the cryptocurrency playground, gallantly surged in early July, reclaiming the sacred ground of $0.19. Like a phoenix, it rose, pulling along the fevered hopes of many who dared dream of withering away toward $0.25.

Our dear friend Bitcoin (BTC) is leading the charge, if by ‘charge’ you mean taking a nosedive and obliterating the hopes of short traders everywhere. The liquidation heatmap from Coinglass looks more like a crime scene than a market report.