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Investors should be cautious of potential further short-term price drops for XRP and ETH, as retail optimism is strengthening despite the assets' weak performance, according to a CoinDesk analysis. The outlet noted that yesterday, the ratio of positive to negative social media posts for XRP was 3.02 to one, marking the highest level of investor optimism in five weeks. The ratios for ETH and BTC were 2.31 and 1.40, respectively, with Bitcoin's sentiment considered neutral. CoinDesk explained that extreme optimism often acts as a contrarian indicator, with prices frequently moving in the opposite direction. Therefore, excessive bullishness for XRP and ETH during a downturn could heighten the risk of a short-term decline or delay any potential rebound. In contrast, the neutral sentiment surrounding BTC is viewed as a healthy sign that the broader market is not overheated.

An on-chain indicator that has historically marked BTC's bear market bottoms is now forming, Cointelegraph reported. The report points to the two-month stochastic Relative Strength Index (RSI), a metric more sensitive to price changes than the standard RSI. Historically, BTC has bottomed out whenever this indicator dropped to zero following a bullish cross, a pattern observed in 2014, 2018, and 2022. The two-month stochastic RSI is currently at 4.81, its lowest level in approximately three years since entering oversold territory last March. Cointelegraph also highlighted that the standard daily RSI's drop to 15 in early June was a historically rare and extreme event, noting that the current price action, with a temporary dip below the low, resembles the bottom formation of 2015.

South Korean crypto exchange Bithumb has announced it will temporarily suspend deposits and withdrawals for Cardano (ADA) at 9:00 a.m. UTC on July 18 to support a network upgrade.

The American Bankers Association (ABA), the Independent Community Bankers of America (ICBA), and 76 state banking associations are calling for a stricter ban on interest payments for stablecoins under the proposed Clarity Act. In a letter sent on July 13 to Senate Republican Leader John Thune and Democratic Leader Chuck Schumer, the groups highlighted the need for clearer regulations on payment stablecoins, The Block reported. They argued that the ambiguous language in Section 404 of the bill could allow stablecoins to substitute for bank deposits, potentially triggering outflows from community banks that fund mortgages, small business financing, and agricultural credit. The associations urged lawmakers to impose "clear and effective limits" on any rewards that would encourage the long-term holding of stablecoins.

The UK's tax authority, His Majesty's Revenue and Customs (HMRC), has decided to apply a "no gain, no loss" principle to certain cryptocurrency lending and liquidity pool transactions. As a result, these activities will not trigger an immediate capital gains tax liability, with the tax instead being deferred until the assets are ultimately disposed of. The new policy will take effect in April of next year and is expected to impact around 700,000 investors.

Naver has invested in Rain, a U.S.-based virtual asset payment infrastructure company, according to a report by Hankyung. Naver's Silicon Valley investment arm, Naver Ventures, participated in Rain's recent $250 million Series C funding round. This marks the first time Naver Ventures has backed a virtual asset company, and the specific investment amount was not disclosed. The outlet noted that the investment is seen as a strategic move to expand the stablecoin payment business that Naver Financial plans to pursue globally after its merger with Dunamu.

Patrick Witt, Executive Director of the White House Cryptocurrency Committee, will be on leave for several months starting at the end of this month to attend Judge Advocate General (JAG) training with the Georgia Army National Guard, reported crypto policy outlet Crypto in America. Witt is scheduled to begin his mandatory training on July 27, and it is unclear whether he will return to his post afterward. During his absence, Deputy Executive Director Harry Jung is expected to assume his duties. The leave comes as Senate Republicans push for a floor vote on the Clarity Act before the August recess, leaving the White House to resolve remaining issues without its key negotiator. Witt has been instrumental in mediating a compromise between the crypto industry and banking sector on stablecoin interest payments, coordinating partisan disputes over ethics provisions, and securing support from law enforcement agencies that had expressed concerns about the bill.

According to data from CoinGlass, short positions worth $606.57 million on major centralized exchanges (CEX) face liquidation if Bitcoin breaks through $63,268. Conversely, a drop below $61,708 would trigger the liquidation of $309.18 million in long positions.

Taiwanese celebrity Jeffrey Huang, also known as Machi Big Brother, has sold his Bored Ape Yacht Club (BAYC) #251 NFT at a loss of 6.99 ETH ($12,400) to add funds to his ETH long position, according to on-chain analytics firm Lookonchain. Lookonchain noted that Huang currently holds a long position of 5,264 ETH, worth $9.38 million, with a liquidation price of $1,756.76.

An address associated with the LAB team has continued to sell off its tokens even after the price has plummeted by 99%, according to on-chain analysis account Specter. This selling pressure persists amid ongoing token unlocks for the project. Specter noted that at LAB's all-time high, the team's allocated tokens were valued at approximately $977 million, a figure that has since fallen to around $4 million. The analyst asserted that LAB was designed to collapse from the beginning, with its price artificially inflated in what became a classic pump-and-dump scheme.

South Korea's National Tax Service has established a new Digital Asset Division to prepare for the taxation of digital (virtual) assets starting next January, Edaily reported. The agency appointed Lee Soon-yong, head of the Nam-Bucheon Tax Office, as the director of the new division on June 30, and it began formal preparations this month with three internal teams. The Digital Asset Division, which will oversee all tax-related tasks concerning digital assets, is the first and only central government department to include 'Digital Asset' in its name and serve a comprehensive oversight role. Its responsibilities include: - Planning and refining the virtual asset tax system - Overseeing the virtual asset management framework - Developing the virtual asset IT system - Responding to current issues related to virtual assets - Handling other tasks related to virtual asset taxation and management

MAP Protocol (MAPO) announced on X that it will support Robinhood Chain through its cross-chain infrastructure. This will connect Robinhood Chain to MAP Protocol's omnichain network, supporting interoperability with the broader blockchain ecosystem via light clients and Zero-Knowledge (ZK) Proof-based verification.

President Donald Trump invested a significant portion of his profits from cryptocurrency ventures last year into traditional financial assets like stocks and bonds, Reuters reported. Citing financial disclosure documents submitted to the U.S. Office of Government Ethics (OGE), the report states that Trump earned over $1.4 billion from ventures including World Liberty Financial (WLFI) and the memecoin OfficialTrump (TRUMP). His stock and bond portfolio grew to a range of $703 million to $2.6 billion by the end of 2025, an increase of at least four times from the $225 million to $608 million range a year earlier. The filings did not specify how much of the crypto profit was invested into which assets. Timothy Massad, a former chairman of the U.S. Commodity Futures Trading Commission (CFTC), said that while Trump calls crypto the future of finance, his personal investment strategy appears to be taking short-term crypto profits and moving them into traditional assets. As of the end of 2025, Trump's companies held at least $160 million in Bitcoin (BTC) and Ethereum (ETH), while he personally holds 15.75 billion WLFI, valued at $50 million.

Brian Chesky, CEO of Airbnb, stated that real-world asset tokenization (RWA) is making ownership more liquid and is still in its early stages. He noted that he has been quietly observing the RWA space, believing that while much of the discourse is noise, meaningful change is happening beneath the surface. Chesky explained that the most significant challenge for RWA is not technology but trust. He drew a parallel to Airbnb's core service of strangers sharing homes, which only became possible once a trustworthy support system was established. He argued that the winners in the RWA sector will not be those who create the best tokens, but rather those who can be trusted with the underlying real-world assets. Chesky emphasized that the changes brought by RWA will likely feel slow for some time, but people will eventually realize that the world has suddenly transformed.

Binance has announced that it will delist the GLM/BTC, KNC/BTC, ONT/BTC, and XAI/USDC spot trading pairs at 3:00 a.m. UTC on July 17.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.32% long, 50.68% short - Binance: 48.6% long, 51.4% short - OKX: 49.06% long, 50.94% short - Bybit: 49.58% long, 50.42% short

The Hyperliquid (HYPE) spot ETF recorded a net outflow of $3.9 million on July 13. In contrast, the Solana (SOL) and XRP spot ETFs registered no net inflows or outflows.

DEXE has risen by 4.39% in the past five minutes on the COINNESS market. Currently, DEXE is trading at $40.03.

Binance has announced that it will temporarily suspend deposits and withdrawals on the Ethereum network starting at 5:55 a.m. UTC on July 16. The suspension is due to scheduled wallet maintenance.

South Korean crypto exchange Upbit announced that it will temporarily suspend deposits and withdrawals for Cardano (ADA) at 2:00 p.m. UTC on July 18 due to an upcoming hard fork.

South Korean crypto exchange Bithumb announced it will list Derive (DRV) for trading against the won today at 11:00 a.m. UTC.

Upbit announced it will list Derive (DRV) at 8:00 a.m. UTC today, offering trading pairs against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT).

Tom Lee, chairman of Bitmine (BMNR), said the launch of an Arbitrum (ARB)-based layer-2 public chain by U.S. stock and crypto trading app Robinhood (HOOD) is one of the biggest success stories in cryptocurrency this year, according to Cointelegraph.

The following is an analysis of the BTC/USDT spot pair's order book using the Spot CVD chart. The chart is composed of a Volume Heatmap on top and the Cumulative Volume Delta (CVD) below. - The Volume Heatmap tracks trading volume at specific price levels. The background color brightens when the price remains in a particular range for an extended period or experiences a significant move. These brighter zones can indicate potential support and resistance levels. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by size. A rising line for a specific color indicates an increase in buy orders within that size bracket. For instance, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

U.S. spot Bitcoin ETFs recorded a total net outflow of $424.7 million on July 13, according to data from Farside Investors. This marks a return to net outflows after just one day of net inflows. The daily flows for individual funds were as follows: - BlackRock's IBIT: -$185.5 million - Fidelity's FBTC: -$245.6 million - VanEck's HODL: +$6.1 million - Grayscale's GBTC: -$53.1 million - Grayscale's Mini BTC: +$53.4 million