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Prominent Bitcoin critic and Euro Pacific Capital CEO Peter Schiff predicted on his YouTube channel that the market will collapse even without any significant selling from corporate Bitcoin holder Strategy. He forecast that Bitcoin could fall to a low of $20,000. Schiff argued that Strategy founder Michael Saylor knows the price would plummet if the company began to sell its holdings in earnest. Because the market is aware of this predicament, he believes it will collapse regardless of Strategy's actions. He identified key technical resistance at $65,000 and support around $58,000, suggesting that a break below this support level would send Bitcoin under $50,000 and toward a low of between $20,000 and $30,000. Schiff also added that while he does not regret failing to buy Bitcoin five years ago, it is natural to think he should have purchased it 15 years ago.

According to on-chain analytics firm Glassnode, the recent rebound in Bitcoin has been met with an increase in both stop-loss selling from long-term holders and profit-taking from short-term holders. The firm noted that in addition to selling pressure from long-term holders trying to cut their losses, short-term holders who bought near the recent bottom are now engaging in their largest scale of profit-taking since May. Glassnode concluded that on-chain data shows Bitcoin is currently under pressure from both of these selling forces simultaneously.

More than 95% of the code at Coinbase is now written by or with the assistance of Large Language Models (LLMs), according to Rob Witoff, the U.S. crypto exchange's head of platform. In an interview with Cointelegraph, Witoff said this figure is more than double the 40% estimate the company provided in February. He explained that while core cryptographic code is still developed by the industry's top cryptographers, AI is actively used to verify that the code functions correctly, is free of vulnerabilities, and performs accurate computations. Witoff added that this has allowed tasks that previously required more than 10 people to be handled by just two or three employees.

The success of Robinhood's Ethereum Layer 2, Robinhood Chain, could serve as a significant milestone for the institutional use of Ethereum, Cointelegraph reported. In this regard, Alex Gluchowski, CEO of the developer behind ZKsync, another Ethereum Layer 2, said that Robinhood's launch shows Ethereum has evolved into an infrastructure that regulated, publicly traded companies can use for their business operations. Max Shannon, a senior researcher at Bitwise, commented that the success of Robinhood Chain is far more meaningful than that of other Layer 2s. He noted that it validates the growth of the Ethereum ecosystem among major institutions and could create synergy by aligning with the Ethereum Foundation's strategy for institutional scaling. However, Shannon added that no one has yet found an answer to whether Layer 2 activation ultimately leads to an increase in ETH's value. He suggested that Robinhood will not solve this issue either, and that a fundamental change is needed in developers' approaches and Ethereum's token economy itself.

Hyperion DeFi (Nasdaq: HYPD), a company focused on the strategic accumulation of Hyperliquid (HYPE), announced on July 15 a partnership with Hyperliquid infrastructure developer Skew. Under the agreement, Hyperion will commit 500,000 HYPE to support the launch of new perpetual futures products for institutional investors on the Hyperliquid HIP-3 market. In return, Hyperion will receive an equity stake in Skew and a share of revenue from its listing services. This revenue will consist of both fixed income, independent of trading volume, and earnings tied to market growth.

A spokesperson for the Iranian military has stated that the only way to reopen the Strait of Hormuz is for the United States to abide by a memorandum of understanding and enforce Iranian laws within the waterway, according to Iran's Mehr News Agency.

DEXE has risen by 4.06% in the past five minutes on the COINNESS market. Currently, DEXE is trading at $38.12.

BlackRock CEO Larry Fink said in an interview with CNBC that he is no longer concerned about excessive leverage in the Bitcoin market. He added that the cryptocurrency market has stabilized considerably as speculative positions have been liquidated.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has frozen over $130 million from multiple cryptocurrency wallets linked to the Central Bank of Iran. U.S. Treasury Secretary Scott Bessent announced the move, adding that the department will continue to track fund flows to prevent the Iranian regime from accessing illicitly generated revenue.

Jesse Pollak, the developer leading apps for Coinbase's Layer 1 network Base, has stepped down after admitting his on-chain social strategy failed, CoinDesk reported. For the past two years, Pollak had championed the idea that builders and on-chain social experiences would drive the next wave of growth in cryptocurrency. In a post on X, he stated that social applications have completely collapsed and admitted he was wrong. Pollak added that Base's focus on social features caused it to lag behind competitors in key areas such as trading, tokenization, and payments. He said he has handed control of Base apps back to Coinbase headquarters. Crypto trader Jordan Fish, better known by the pseudonym Cobie, is set to take over as head of development.

The three major U.S. stock indices closed higher today. - S&P 500: +0.38% - Nasdaq: +0.62% - Dow Jones: +0.29%

The U.S. government has transferred 19.615 million USDT, the entire balance of a wallet holding assets seized from crypto market maker Gotbit, to Coinbase Prime, Onchain Lens reported. U.S. prosecutors previously stated that from 2018 to 2024, Gotbit artificially inflated the trading volumes of several crypto companies to get certain tokens listed on major crypto exchanges.

The Federal Reserve announced in its latest Beige Book that from late May through June, economic activity grew slightly to modestly in eleven of the 12 Fed districts, with the remaining district reporting no change. According to the report, prices generally continued to rise at a modest pace. Nine districts reported modest price increases, two saw relatively large increases, and one noted a slight rise. The Fed assessed that the overall pace of price increases was similar to or slightly slower than in the previous reporting period.

Well-known Bitcoin market analyst PlanB has projected that BTC's peak of $126,000 last October was not the high for the current cycle and that the cryptocurrency could potentially reach as high as $500,000. He noted that while the possibility of BTC falling below its Realized Price of $53,000 still exists, a pattern seen at every past bear market bottom, he does not believe $126,000 was the cycle's peak. Applying the widely used Stock-to-Flow (S2F) model, PlanB suggested that BTC could rise to $500,000 during the 2026–2028 cycle, with an estimated range between $250,000 and $1 million.

U.S. Attorney General nominee Todd Blanche faced criticism during his Senate confirmation hearing on July 15 for his past directive to dismantle the Department of Justice's dedicated crypto investigation unit and halt ongoing criminal probes into the sector. According to Cointelegraph, Blanche, while serving as an Assistant Attorney General in April 2025, led the effort to disband the unit. During the hearing, Senator Dick Durbin alleged that this action enabled President Donald Trump to earn $1.4 billion through his connections to the crypto industry, including the family business World Liberty Financial. Durbin stated that cryptocurrency is behind the current administration's "cunning and suspicious deals." Additionally, Senator Thom Tillis expressed concern over the pardon of former Binance CEO Changpeng Zhao. In response, Blanche said he would review the pardon process if his nomination is confirmed.

BlackRock appears to have resumed its BTC accumulation, withdrawing 2,152 BTC ($140 million) from Coinbase Prime in the past hour, according to Onchain Lens. Withdrawals from exchanges are typically interpreted as a move to hold assets.

BitMEX co-founder Arthur Hayes has received 646.33 ETH, valued at $1.24 million, from Galaxy Digital, according to Onchain Lens. The on-chain analysis firm noted that immediately after receiving the ETH, Hayes transferred 1.25 million USDC to crypto prime broker FalconX. Onchain Lens suggested that the ETH receipt and the USDC transfer are likely part of the same transaction or settlement process.

Grayscale is changing the name and investment strategy of its Grayscale Bitcoin Miners ETF (MNRS), according to Bloomberg ETF analyst James Seyffart. Following the change, the ETF will track a Computing Index focused on AI infrastructure. Seyffart noted that while there is some overlap between Bitcoin mining and high-performance computing (HPC) companies, the reorganization is significant as it broadens the investment scope to include firms related to AI and HPC infrastructure.

Wall Street investment bank Cantor Fitzgerald is partnering with tokenization platform Securitize to offer services for blockchain-based initial public offerings (IPOs) and the issuance of tokenized securities, CoinDesk reported. Under the partnership, Cantor Fitzgerald will provide its equity capital markets (ECM) and trading capabilities, while Securitize will contribute its infrastructure for issuing, distributing, and managing tokenized securities. The collaboration aims to help companies raise funds and issue securities on-chain while complying with existing IPO systems and regulations.

Cryptocurrency payment platform Glacis Labs has raised $6.8 million in a seed funding round. According to The Block, the round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), and Protein Capital. The company plans to use the funds to expand ZeroDelta, its multi-chain payment platform for stablecoins.

India is home to approximately 39 million cryptocurrency users holding a combined total of about $2.1 billion in assets, Bitcoin.com reported. Currently, 54 crypto service providers are registered with India's Financial Intelligence Unit (FIU), serving the country's 39 million verified users. The Reserve Bank of India continues to advocate for restricting banks' exposure to cryptocurrencies, citing financial stability concerns. The country imposes a 30% tax on profits from virtual digital asset (VDA) transactions and withholds 1% of the transaction value at the source for any asset transfer.

Kraken Institutional has partnered with on-chain yield platform Upshift to offer a custom Vault service, allowing institutional clients to generate yield on their custodied cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins. According to The Block, the partnership will involve building dedicated vaults tailored to each client's investment strategy, risk appetite, liquidity needs, and asset composition.

DeFi protocol Summer.fi announced through its official channels that it is phasing out operations after suffering a $6.1 million hack. The project, which rebranded from Oasis.app, a front-end for MakerDAO's (MKR) DAI stablecoin loans, stated that after a review, it found no realistic way to continue operating due to the direct losses from the attack.

London Stock Exchange-listed company SmarterWebCompany (SWC) has completed a $282 million capital restructuring, BTC Treasuries reported. The move is aimed at introducing the UK's first Bitcoin-backed perpetual preferred stock, a step the company said provides it with the capacity to pay up to $178 million in dividends.

Global automaker Volvo is discussing the development of its own cryptocurrency to improve the efficiency of its global supply chain, U.Today reported. According to Ivan Branco, head of information management, AI, and analytics for Volvo Group's logistics operations in Belgium, the company began focusing on blockchain as a solution to supply chain inefficiencies. He noted that the biggest barrier to blockchain adoption is the misconception that it is solely for cryptocurrency speculation. Branco explained that Volvo is exploring whether it can create a closed blockchain environment for transactions between its material suppliers, transport companies, and itself, in collaboration with specific transport partners. This includes examining if a proprietary cryptocurrency could be used to eliminate related complexities.