<?xml version="1.0" encoding="utf-8"?> <rss version="2.0"> <channel> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <link>https://www.bitcointoday.app</link> <description>Get daily updates on Bitcoin's price, market trends, analysis, and breaking news curated and powered by AI - all digestible in minutes. Make BitcoinToday.app your one-stop shop for staying informed in the fast-paced world of Bitcoin.</description> <lastBuildDate>Wed, 15 Jul 2026 07:27:28 GMT</lastBuildDate> <docs>https://validator.w3.org/feed/docs/rss2.html</docs> <generator>https://github.com/jpmonette/feed</generator> <language>en</language> <image> <title>Bitcoin Today - Bitcoin News Curated and Powered by AI</title> <url>https://www.bitcointoday.app/images/logo-512.png</url> <link>https://www.bitcointoday.app</link> </image> <copyright>All rights reserved 2024, BitcoinToday.app</copyright> <category>Bitcoin News</category> <item> <title><![CDATA[50 Days of Discount: Why Americans Are Paying Less for Bitcoin Than the World]]></title> <link>https://www.bitcointoday.app/article/50-days-of-discount-why-americans-are-paying-less-for-bitcoin-than-the-world</link> <guid>50-days-of-discount-why-americans-are-paying-less-for-bitcoin-than-the-world</guid> <pubDate>Wed, 15 Jul 2026 07:01:13 GMT</pubDate> <description><![CDATA[For **50 straight days** through July 7-8, 2026, Bitcoin has traded at a **record discount on Coinbase** compared to Binance, signaling weaker demand from U.S. investors. The Coinbase Bitcoin Premium Index hit -0.0742%, the longest negative streak ever recorded. ### Key Takeaways - Coinbase logged a **record 50-day BTC discount** to Binance. - U.S. spot Bitcoin ETFs saw **~$6B in net outflows** year-to-date. - Sustained inflows into **BlackRock's IBIT** remain the key signal to watch. ### A Record-Breaking Coinbase Premium Streak Since May 19, 2026, Bitcoin has been cheaper on Coinbase than on Binance for 50 consecutive days, surpassing the previous record of 40 days. This persistent gap highlights a **divergence in demand** between U.S. and international markets. ### What a Negative Premium Says About US Demand The negative premium suggests **U.S. demand is weaker** than global demand. Even as Bitcoin attempted a six-day winning streak, reaching $63,481.62, the discount on Coinbase persisted. ### ETFs Are Echoing the Same Signal U.S. spot Bitcoin ETFs have experienced **$6 billion in net withdrawals** year-to-date, with a particularly harsh stretch in late June losing over $2.6 billion in just 9 trading days. However, Bitcoin and Ether ETFs recently snapped an eight-week outflow streak with a **$282 million combined inflow**. ### The Institutional Tell Investors Keep Coming Back To ETF flows remain the scoreboard for institutional sentiment. Analysts emphasize the need for **sustained inflows into BlackRock’s IBIT** to support a sturdier recovery in U.S. participation. Until then, the Coinbase discount badge is likely to stay.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>coinbase</category> <category>binance</category> <category>etfoutflows</category> <category>marketsentiment</category> <enclosure url="https://static.news.bitcoin.com/wp-content/uploads/2026/07/americans-have-been-paying-less-for-bitcoin-than-the-rest-of-the-world-for-50-straight-days.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[JPMorgan Warns Hyperliquid Deal Could Crush Circle and Coinbase Profits]]></title> <link>https://www.bitcointoday.app/article/jpmorgan-warns-hyperliquid-deal-could-crush-circle-and-coinbase-profits</link> <guid>jpmorgan-warns-hyperliquid-deal-could-crush-circle-and-coinbase-profits</guid> <pubDate>Tue, 14 Jul 2026 20:01:14 GMT</pubDate> <description><![CDATA[JPMorgan (JPM) has lowered its forecasts for Circle Internet (CRCL) and Coinbase (COIN), warning that their **revamped agreement with Hyperliquid** weakens the economics of Circle's USDC and poses a bigger long-term threat to the stablecoin issuer. ## The Prisoner's Dilemma The bank said the deal created a **"prisoner's dilemma,"** incentivizing stablecoin issuer Circle and crypto exchange Coinbase to compete for distribution of the dollar-pegged token at the expense of each other's economics. Hyperliquid, now one of the largest crypto trading venues, holds about **$6 billion of USDC**, or roughly 8% of the circulating supply, JPMorgan estimated. > "We think the change in the Hyperliquid relationship showcases the challenge for Circle and Coinbase partnership agreements because it can create 'a prisoner's dilemma' that drive Coinbase and Circle to compete with each other when promoting USDC distribution," analysts led by Kenneth Worthington said in the Tuesday report. ## Hyperliquid's Growing Dominance Hyperliquid is one of crypto's fastest-growing trading venues and the leading decentralized perpetual futures exchange. The platform processed **more than $150 billion in trading volume in July alone**, while its volume relative to Binance climbed to 11.5%, underscoring its growing share of the derivatives market. USDC balances on Hyperliquid have swelled to roughly $6 billion, making it an increasingly important distribution channel for the stablecoin. ## The New Deal Structure Under the new arrangement, Coinbase will classify USDC on Hyperliquid as **"on-platform,"** collecting the income generated by reserves and paying **90% of it to Hyperliquid**. JPMorgan estimated Coinbase previously split nearly all of the revenue evenly with Circle. The bank cut earnings estimates for both companies, citing the Hyperliquid agreement and weaker crypto markets, though it expects higher interest rates to provide some support for USDC-related revenue over the longer term. ## USDC's Broader Struggles USDC has also lost momentum in recent months. Its circulating supply has fallen to about **$73 billion from nearly $80 billion in March**, part of a broader $10 billion contraction in the stablecoin market since May as crypto trading activity cooled and new regulated rivals chipped away at the dominance of USDC and Tether's USDT. Japanese investment bank Mizuho said in a report last week that Circle's final approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank is a positive milestone, but investors may be overestimating its significance. *Read more: [Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say](/markets/2026/05/18/hyperliquid-s-usdc-deal-could-supercharge-hype-pressure-circle-coinbase-margins-analysts-say)*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>jpmorgan</category> <category>circle</category> <category>coinbase</category> <category>hyperliquid</category> <category>usdc</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/4ea058b7f62ca56c162d4b89b8cebd1e70f86b38-3500x2333.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Saylor Skips Bitcoin Again: $467M Raised, No BTC Buy for Third Week]]></title> <link>https://www.bitcointoday.app/article/saylor-skips-bitcoin-again-467m-raised-no-btc-buy-for-third-week</link> <guid>saylor-skips-bitcoin-again-467m-raised-no-btc-buy-for-third-week</guid> <pubDate>Tue, 14 Jul 2026 14:01:34 GMT</pubDate> <description><![CDATA[**Morning Minute** is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own. **GM!** Today’s top news: - Crypto majors are mixed ahead CPI; BTC at $62.7k - Saylor sells $467M in MSTR, doesn’t buy BTC - ETFs flip to outflows as BTC ETFs see $425M exodus - BTC and ETH social media posts fall to 6-year lows - Jupiter announces new gacha platform powered by Collector Crypt (CARDS +20%) ## 🟠 Strategy Raises $467M and Skips Bitcoin for a Third Straight Week **Strategy’s Bitcoin-buying machine stayed in neutral** last week. The company raised $467M by issuing common stock and put all of it toward cash, lifting its USD Reserve to a record $3B. That means **no Bitcoin purchase for the third week running**. The raise added roughly 18% to Strategy’s cash reserves in one move, giving the company more than 20 months of coverage on its $1.76B in annual dividend and interest obligations. So the entirety of the week’s capital markets activity went toward fortifying the balance sheet’s cash cushion. Since its last Bitcoin purchase on June 22, Strategy has generated about $215M from selling Bitcoin, less than half of what this single stock issuance brought in. So **the stock sales are now doing more work than the Bitcoin sales**. Once again, Saylor is issuing common shares to fund dividend payments on his preferred stock. **MSTR holders are being diluted to pay STRC holders**. MSTR fell 4% Monday to around $90.80, down 18% on the month, though it has steadied since hitting a 28-month low of $81.81 in late June. STRC sits at $87.04, still below its $100 par value where it has lingered since mid-May while paying a 12% dividend. And with Bitcoin at $62,600 against an average cost of $75,476, **the 843,775-coin stack is roughly $11B underwater**. The biggest open question right now is—**why isn’t he buying Bitcoin at these prices?** Raising cash to alleviate market concerns and to fund future debt payments made sense when he was mostly depleted, but now Saylor is flush. He’s got 20 months' runway, and more importantly, he’s proven he can just dump MSTR shares whenever to raise cash. So why not buy BTC here 50% off ATH? Certainly any BTC buy in the low 60s makes more sense than buys in the 80s, 90s, or over 100k. So why aren’t they coming? And when will the next buys hit the tape? Hopefully we find out soon. **Or Saylor will have some explaining to do…** ## 🏛️ Democratic Opposition to the CLARITY Act Grows With Four Weeks Left Senate Democrats are hardening against the CLARITY Act, and Trump’s $1.2 billion crypto fortune is (unsurprisingly) the wedge. Elizabeth Warren wrote to Senate leadership on Monday, demanding the bill bar the president, vice president, senior officials, members of Congress, and their families from profiting off the crypto industry. Anything less would be a giveaway to the president and his family at the public’s expense, in her words. On Tuesday, more Senate Democrats including Chris Murphy and Chris Van Hollen are expected to hold a press conference against it, hitting both Trump’s crypto dealings and the argument that the bill weakens financial oversight built after the Great Depression. The vote math is the tricky part here. **CLARITY needs 60 votes**, which means at least seven Democrats have to cross over, and possibly more given the Republican bench is thinner than expected (Mitch McConnell remains hospitalized, and Lindsey Graham died suddenly over the weekend). Trump argued Monday that the Senate should pass CLARITY in Graham’s honor, calling him a big supporter of crypto legislation. Graham was never involved in the negotiations, rarely spoke on the topic, and was the only Senate Republican to co-sponsor a 2023 anti-money-laundering bill that crypto groups called deeply hostile to the industry. So where does this leave us? Less than four weeks remain before the August recess, and everyone involved agrees that missing it means the bill dies in the noise of the November midterms. The industry’s own forecasters have already marked it down, with Galaxy cutting its odds to 50% and prediction markets pricing it in the low 40s. **The core problem is that the harder Democrats push for ethics language, the more they force Republicans to choose between passing the bill and protecting the president’s business interests.** That’s a bad trade to have to make with a hard deadline bearing down. ## 🌎 Macro Crypto and Markets - **Crypto majors are mixed ahead of CPI;** BTC even at $62.7k; ETH +1% at $1,795; SOL -1% at $75; HYPE -2% at $64 - **HASH (+11%)**, INJ (+5%) and ENA (+5%) led top movers - **Oil** +10% at $81; Gold -1% at $4,020 - **Stock futures** are mixed as oil spikes and June CPI data comes this AM; DOW -0.7%, Nasdaq +0.3% - **June CEX volumes** fell 5% from May, while derivatives trading rose by 4% - **BTC and ETH** social media posts have fallen to their lowest level since 2020 - **Coinbase CEO Brian Armstrong admitted Base "messed up" on content coins**, saying they didn't work and that Base pivoted away early this year, with resources now going toward trading, payments, and AI agents - **BlackRock, Goldman Sachs, and JPMorgan joined a 54-firm UK tokenization taskforce** backed by the government, starting with tokenized repo, with a Treasury report projecting up to £33 billion in annual economic output by 2035 - **TeraWulf’s CEO said “not all megawatts are created equally”** in the AI race, stating flatly that “we’re not involved in Bitcoin” anymore as its $19 billion Anthropic hosting deal completes its shift from miner to AI infrastructure company - **SBI Holdings’ blockchain initiative** pivoted to Solana for tokenization and stablecoin issuance, moving off R3’s Corda and bringing the Solana Foundation into its joint venture, with plans including payment infrastructure for AI agents ### Corporate Treasuries & ETFs - **The Bitcoin ETFs** saw $425M in net outflows on Monday, turning July negative; the ETH ETFs saw $15M in outflows - **Strategy** raised $467M in a share sale and skipped a Bitcoin buy for a third straight week, lifting its cash reserve to a record $3B - **Tom Lee’s BitMine** raised its Ethereum holdings to 5.77M ETH, about 4.8% of circulating supply, with nearly 5M of those staked. ### Meme Coin Tracker - **Meme leaders were mostly red down 1-2%;** DOGE even, SHIB -2%, PEPE -1%, PENGU -4%, TRUMP -1%, BONK -2% - **Robinhood chain memes were led by** Cashcat +8% to $180M, WOOD +70% to $15M, Wishbone +45% to $9M - **Febu (+60%), three (+100%)** and Cards +20% were notable Solana movers ## 📈 Myriad Market of the Day ## 💰 Token, Airdrop & Protocol Tracker - **Jupiter** announced a new Pokemon and One Piece gacha platform powered by Collector Crypt (CARDS +28%) - **Pump.fun** reported $5.9 million in weekly protocol fees, burning over $3M of $PUMP as buybacks now offset nearly 15% of total supply, with volumes holding steady despite the Robinhood Chain frenzy drawing traders away - **Robinhood Chain** surged into the top five chains by DEX volume, posting $3.1 billion in the past week, per Bernstein, which holds an outperform rating and a $130 target on HOOD - **Binance US’s CEO** said they are restarting growth after a 2-year regulatory hiatus ## 🚚 What is happening in NFTs? - **NFT leaders** were mixed; Punks even at 32.4 ETH, BAYC +1% at 8.94 ETH, Pudgy -1% at 4.33 ETH; Hypurr’s -4% at 179 HYPE - **PXL NET (+60%) and Squiggles (+10%)** led top movers - **New Robinhood NFT** sets jumped including RH Miners (+1350%) and 8skullz (+340%)]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>strategy</category> <category>bitcoin</category> <category>etfs</category> <category>clarityact</category> <category>marketsentiment</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/05/strategy-logo-x-twitter-2-gID_7.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[Bitcoin Whale Awakens: $188M BTC Transfer After 7 Years of Dormancy Sparks Speculation]]></title> <link>https://www.bitcointoday.app/article/bitcoin-whale-awakens-188m-btc-transfer-after-7-years-of-dormancy-sparks-speculation</link> <guid>bitcoin-whale-awakens-188m-btc-transfer-after-7-years-of-dormancy-sparks-speculation</guid> <pubDate>Mon, 13 Jul 2026 07:01:14 GMT</pubDate> <description><![CDATA[A **bitcoin whale** that had been inactive for nearly **eight years** suddenly moved **2,931 BTC** (worth approximately **$188 million**) to a new address on Sunday, according to onchain data from Arkham Intelligence. ## The Transaction The wallet, identified as "356my…BAsmK", transferred the funds to an unmarked address "bc1qn…8gp25" at around 3:41 p.m. ET. The recipient address has not moved the bitcoin since the transfer. ## Historical Context The whale last moved bitcoin on **October 23, 2018**, when BTC was trading at roughly **$6,475**. This means the holdings have appreciated nearly **tenfold** in value. While the reason for the move remains unclear, such transfers often precede **token sales** as holders look to cash out profits. During bitcoin's **all-time high levels** last year, multiple large holders broke out of decade-long slumbers to move their holdings. Notably, one entity moved over **$8.7 billion worth** of bitcoin after **14 years of inactivity** in July 2025. ## Current Market Bitcoin is currently trading at **$63,376**, down **1%** in the past 24 hours as of 10:00 p.m. ET, according to The Block's bitcoin price page. *Disclaimer: The Block is an independent media outlet. Foresight Ventures is a majority investor. This article is for informational purposes only.*]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>whale</category> <category>onchain</category> <category>btc</category> <category>crypto</category> <enclosure url="https://www.tbstat.com/wp/uploads/2025/09/20250917_Whale_News-1200x675.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitmine Hits $11.3B in Crypto and Cash Holdings, Owns 4.8% of All ETH]]></title> <link>https://www.bitcointoday.app/article/bitmine-hits-113b-in-crypto-and-cash-holdings-owns-48-of-all-eth</link> <guid>bitmine-hits-113b-in-crypto-and-cash-holdings-owns-48-of-all-eth</guid> <pubDate>Mon, 13 Jul 2026 14:01:29 GMT</pubDate> <description><![CDATA[**Bitmine Immersion Technologies (NYSE: BMNR)** has announced that its total crypto, cash, and marketable securities holdings have reached **$11.3 billion**, including **5.77 million ETH tokens** – representing **4.8% of the total ETH supply** of 120.7 million. The company is now **96% of the way** to its goal of acquiring 5% of all ETH, a milestone it expects to reach in 2026. ### Key Holdings - **5,770,038 ETH** valued at $1,820 each (total ~$10.5B) - **206 Bitcoin (BTC)** - **$482 million** in cash and marketable securities - **$180 million** stake in Beast Industries - **$69 million** stake in Eightco Holdings (NASDAQ: ORBS), providing indirect exposure to OpenAI ### Staking Dominance Bitmine has staked **4,917,189 ETH** (85% of its ETH holdings) via its **MAVAN (Made in America Validator Network)** platform, generating an annualized staking yield of **2.70%** (7-day average). Projected annual staking revenues are **$242 million**, with potential to reach **$284 million** when fully staked. This makes Bitmine the **largest ETH staker in the world**. ### Institutional Backing & Index Inclusion - **Added to the Russell 1000 Large-cap Index** on June 26, 2026, expected to attract hundreds of new institutional investors. - **Series A Preferred Stock (BMNP)** trading on NYSE, with weekly dividend payments. - Supported by top investors including **Cathie Wood (ARK Invest)**, **Founders Fund**, **Bill Miller III**, **Pantera**, **Kraken**, **DCG**, **Galaxy Digital**, and **Tom Lee**. ### Robinhood Chain Catalyst Tom Lee highlighted the **Robinhood Chain L2 mainnet** (built on Arbitrum) as a major driver for ETH adoption. With **27 million users** paying gas fees in ETH, he believes "everyday users are starting to see ETH as money." ### Regulatory Optimism Management views the **GENIUS Act** and **SEC's Project Crypto** as transformative for financial services, comparable to the end of Bretton Woods in 1971. > **Bitmine remains the #1 Ethereum treasury and #2 global crypto treasury** (behind Strategy Inc.'s Bitcoin holdings).]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitmine</category> <category>ethereum</category> <category>eth</category> <category>staking</category> <category>institutionalinvestment</category> <enclosure url="https://mmx.prnewswire.com/media/MS1881428/Bitmine-Immersion-Technologies-Inc-Weekly-Update-Photo.jpg?id=OA2759589&p=facebook" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Bitcoin Dips Below $63K as Asian Session Leverage Flush and Hawkish Fed Jolt Markets]]></title> <link>https://www.bitcointoday.app/article/bitcoin-dips-below-63k-as-asian-session-leverage-flush-and-hawkish-fed-jolt-markets</link> <guid>bitcoin-dips-below-63k-as-asian-session-leverage-flush-and-hawkish-fed-jolt-markets</guid> <pubDate>Mon, 13 Jul 2026 20:01:13 GMT</pubDate> <description><![CDATA[## Market Overview Bitcoin slipped below **$63,000** during the Asian session, triggering a minor leverage flush. The sell-off was relatively modest, with liquidations running at about one-sixth of the worst levels seen over the past 30 days, according to CoinGlass. ## Key Drivers ### Fed's Hawkish Stance Fed Governor **Chris Waller** signaled that a rate hike could be imminent if inflation data remains hot. "If we get another hot reading on core inflation this week, then the FOMC will need to consider tightening monetary policy in the near term," Waller said. The two-year Treasury yield surged to a new multi-year high of **4.27%**, while the 10-year yield jumped to **4.6%**. ### Geopolitical Tensions Renewed U.S. airstrikes on Iranian targets and President Trump's reinstatement of the "Iranian Blockade" sent **oil prices** up 8.5% to a one-month high of **$77.50 per barrel**. This added to risk-off sentiment across markets. ### AI and Chip Stock Rout Data center and AI-related stocks tumbled. **SK Hynix** crashed 15%, dragging South Korea's Kospi down 9% and triggering a trading halt. Bitcoin miners pivoting to AI, such as MARA Holdings, Riot Platforms, and CleanSpark, fell about 5%. ## Bitcoin ETF Inflows Despite the sell-off, **Bitcoin ETFs recorded their first weekly inflows in nine weeks**, attracting roughly **$197 million**. This followed eight consecutive weeks of outflows totaling billions. ## BIP-110 Governance Debate Charles Schwab views the **BIP-110** debate as a governance dispute that could create short-term volatility but is unlikely to threaten the network. The proposal would restrict non-financial data on Bitcoin, including Ordinals and Runes, but currently has less than 1% miner support. ## Corporate Moves - **Strive (ASST)** added 18 BTC last week, bringing total holdings to 19,900 coins. - **Bitmine Immersion (BMNR)** increased its ETH stake to 5.77 million tokens. - **Strategy (MSTR)** raised $467 million in cash via stock sales, with no changes to its 843,775 BTC holdings. ## Outlook All eyes are on the **June CPI report** due Tuesday, expected to show a decline in headline inflation. The Fed's July 28-29 meeting will be crucial for determining the direction of risk assets, including crypto and chip stocks.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>marketsentiment</category> <category>fed</category> <category>geopolitics</category> <category>etfinflows</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/f456c8ffc9ab2b603ddbba9f8613cb0a168723e2-1280x853.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Next Crypto Bull Market: Why Cash Flow Will Be King and These Coins Could Lead]]></title> <link>https://www.bitcointoday.app/article/next-crypto-bull-market-why-cash-flow-will-be-king-and-these-coins-could-lead</link> <guid>next-crypto-bull-market-why-cash-flow-will-be-king-and-these-coins-could-lead</guid> <pubDate>Sun, 12 Jul 2026 14:01:30 GMT</pubDate> <description><![CDATA[The last crypto bull market, which ended in October 2025, rewarded narratives and stories more than actual economic activity. Meme coins and networks making big promises with little in the way of new or useful features caught buyers' attention. Now, as **Bitcoin** grinds its way through its worst stretch since 2022, there are early signs of a recovery in the market thanks to a handful of projects. The emerging contenders for leaders in the next bull market are different because they're operating more like businesses than cryptocurrencies of the past. Here's which coins to watch and what to expect if the market continues to perk up. ## Cash Flow Could Become the Name of the Game Traditionally, crypto majors other than Bitcoin, like **Ethereum**, **Solana**, and **XRP**, have a complicated relationship between their token's value and the extent to which their blockchains are actually used for economically productive activity. Those chains collect fees, but only a small portion reaches token holders directly; the rest flows to validators, stakers, or ecosystem funds. That's part of the reason holding Ethereum for the past five years left holders with losses of 8% despite enormous technical improvements, capital inflows, and network usage. The coins that will win in the next crypto bull market will likely invert that dynamic, ensuring that holders get compensated for tying up their capital and attracting more investment as a result. **Hyperliquid** is the most prominent example. Its Assistance Fund captures close to 99% of the trading fees on the chain's decentralized exchange into HYPE token purchases, which are burned and removed from circulation. It has bought back more than $2 billion worth of its token since launch, soaking up 4.7% of its maximum supply at about four to five times the burn rate of Ethereum. **Lighter** is another decentralized exchange and one of Hyperliquid's competitors, running the same playbook with its supply. All trading fee revenue funnels into LIT token repurchases, and per the June 30 tokenomics update, those coins purchased through buybacks will be permanently burned; 6.3% of supply is already gone. Another riff on this holder-friendly tokenomics concept is **Bittensor**. It operates as an ecosystem of different subnets offering artificial intelligence (AI) training and related services. Its recent upgrade gave every subnet its own unique token; leading subnets, like Chutes, recycle their platform revenue into buybacks of their subnet tokens, so that holders of the subnet's asset can capture value from demand for the subnet's computing services. This puts pressure on majors like Ethereum and Solana. They may opt to give holders a stronger claim on the future of on-chain revenue if the new challengers are successful in attracting capital during the next cycle. ## New Challenges Will Occur Amid Some of the Same Old Trends Perhaps the biggest risk during the next bull market will be **quantum computing**, which could theoretically be used to steal coins once a powerful enough quantum computer is developed. Bitcoin will need to convince investors that it's prepared to adapt to the risk of its encryption becoming compromised. A new proposal called BIP-360, accepted in February 2026, laid out the first potential quantum-resistance plan. If new security measures aren't agreed upon and put into place promptly, it will become a major headwind for the coin's price. Thus, pretty much every major chain will need to spend more on cryptographic hardening to be investable in the coming cycle. That will be especially important as more capital is onboarded to tokenized real-world assets (RWAs), which will be the main draw pulling in institutions this time around. Another new theme, **financial privacy**, will likely be a big one in the next bull market. Established privacy coins like **Zcash** and **Monero** have questionable track records, so they will likely need to fend off some competition from newcomers even if their prices rise. Old themes will be in play even as new ones become more important. An unpredictable handful of meme coins will run again, as they always do. More serious segments that fell short of their 2021 valuations during the most recent bull market, notably decentralized physical infrastructure (DePIN) and social finance, are largely hollowed out and probably won't recover. But no matter what happens, there's a lot to be optimistic about for the next crypto bull market whenever it may occur.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>cryptobullmarket</category> <category>tokenomics</category> <category>hyperliquid</category> <category>bittensor</category> <category>quantumcomputing</category> <enclosure url="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F878269%2Fbitcoin-cryptocurrency-computer-display.jpg&w=1200&op=resize" length="0" type="image//image/"/> </item> <item> <title><![CDATA[Bitcoin Chain Splits: Why You Get a Free 1:1 Copy of Your BTC]]></title> <link>https://www.bitcointoday.app/article/bitcoin-chain-splits-why-you-get-a-free-1-1-copy-of-your-btc</link> <guid>bitcoin-chain-splits-why-you-get-a-free-1-1-copy-of-your-btc</guid> <pubDate>Sun, 12 Jul 2026 07:01:28 GMT</pubDate> <description><![CDATA[Bitcoin has two forks on the calendar for 2026. Developer Paul Sztorc plans a deliberate hard fork called eCash, activating at block height 964,000, expected around August 21. Separately, a contested soft fork proposal called BIP-110 carries the chance of splitting the chain by accident during its August signaling window. Both events raise the same question for anyone holding BTC: why does a chain split hand out a second coin, and why is the exchange rate always 1:1 at the moment it happens. ## Key Takeaways - A Bitcoin chain split duplicates the UTXO set, giving holders a 1:1 coin on both ledgers. - Paul Sztorc’s eCash fork activates at Bitcoin block 964,000 around August 21, 2026. - Replay protection, mining difficulty, and the market, not generosity, decide if a forked coin holds up. The answer has nothing to do with generosity and everything to do with how Bitcoin actually keeps track of ownership. ## Bitcoin Doesn’t Track Balances, It Tracks Outputs Bitcoin has no account ledger with names and running totals. Instead, it tracks unspent transaction outputs, known as **UTXOs**. Each UTXO is a discrete chunk of bitcoin locked to a specific key. A wallet balance is just the sum of every UTXO that the private key can unlock. That detail matters because it explains what a fork actually copies. When a hard fork produces a lasting split, two networks begin enforcing different rules starting from the same shared point in history. Every block before that point, and every UTXO that existed the moment before it, is identical on both chains. ![Chain split visual](https://static.news.bitcoin.com/wp-content/uploads/2026/07/screenshot-2026-07-11-at-7-24-35-am.png) *A visual interpretation of a Bitcoin chain split when the two networks do not agree on the same ruleset.* Nothing needs to be recreated or reissued. Both networks already have the same records, because they were the same chain until the split. ## Why 1:1 Isn’t a Gift, It’s Duplication Picture a holder with 1 BTC in a single UTXO right before a split. That output exists in the shared history both chains inherit. The bitcoin chain recognizes it. The new forked chain recognizes it too, because it accepted the same blocks up to that point. The private key hasn’t been copied by some network process. It was already the only thing capable of spending that output, and now two separate sets of nodes independently agree on that fact. ![UTXO history visual](https://static.news.bitcoin.com/wp-content/uploads/2026/07/screenshot-2026-07-11-at-7-23-19-am.png) *A visual interpretation of how BTC UTXOs can share the same history after a chain split.* That’s why the ratio is always 1:1 at the snapshot. It isn’t an **airdrop** in the conventional sense, where a project mints new tokens and sends them to a list of addresses. Nobody compiles a list. No new transaction moves anything. The forked network simply calculates the same pre-split UTXO set that already existed, then starts applying its own rules to it going forward. ## One Rule Doesn’t Guarantee Two Equal Futures The 1:1 relationship only describes the instant of the split. After that, the two chains stop staying in sync. A holder can spend their bitcoin on the original chain while leaving the forked coin untouched, or the reverse. New bitcoin mined after the chain split exists only on the Bitcoin chain. New coins mined on the forked chain exist only there. Supply, price, and transaction history diverge from the split. Self-custody makes claiming both sides straightforward in principle, since whoever controls the key at the snapshot can typically sign transactions on either chain. Custodial holdings work differently. If bitcoin sits in an exchange wallet, the exchange controls the key at the snapshot, not the individual customer. Whether that customer receives the forked coin depends entirely on the platform’s policy, not on the protocol itself. ## Shared History Creates a Hidden Risk: Replay Because both chains start with identical signing rules, a transaction built for one chain can sometimes be valid on the other too. Someone doesn’t need a private key to exploit this. They only need to copy an already signed transaction from one network and rebroadcast it on the second. If it goes through, a holder loses the ability to decide independently when and how to move their forked coin. This is why serious forks in the past have built in **replay protection**, typically by embedding a chain-specific identifier into what gets signed. A transaction that includes that identifier validates on the intended chain and fails on the other, closing the loophole without requiring users to do anything extra. Forks without strong protection leave that decision to the holder, who may need to deliberately create a chain-exclusive transaction before it’s safe to move funds freely on either side. ## Mining Difficulty Is the New Chain’s Next Hurdle A forked chain also inherits Bitcoin’s mining difficulty, which was calibrated for whatever **hashrate** the network had before the split. That number rarely matches what the new chain actually attracts. If far less hashpower follows the fork, blocks arrive slowly until the next scheduled adjustment catches up, leaving the new network with a temporary window where it produces blocks unevenly and remains easier to disrupt than the chain it came from. ## Hashpower Decides Which Chain a Node Actually Follows One more detail keeps the two networks from bleeding into each other. Bitcoin nodes select the valid chain carrying the most accumulated **proof of work (PoW)**, but only among chains that follow their own consensus rules. A node enforcing Bitcoin’s original rules won’t accept a forked block just because forked miners produced more cumulative work behind it. Hashrate settles disputes between valid competing blocks on the same ruleset. It has no power to make a node accept a block that violates the rules that node already enforces. That’s part of why a hard fork results in two persistent chains instead of one chain simply winning outright. None of this changes the basic mechanism at the center of both eCash and BIP-110. A chain split doesn’t create value out of nothing. It duplicates recognition of an existing ownership record across two ledgers that then go their own way, leaving replay protection and mining stability to determine how usable the new asset becomes.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>chainsplit</category> <category>utxo</category> <category>hardfork</category> <category>replayprotection</category> <enclosure url="https://static.news.bitcoin.com/wp-content/uploads/2026/07/bitcoin-chain-splits-explained-why-every-btc-holder-gets-a-new-1-1-asset.png" length="0" type="image/png"/> </item> <item> <title><![CDATA[SWIFT's Tokenized Payment Pilot Validates Ripple's Vision: XRP Price Outlook]]></title> <link>https://www.bitcointoday.app/article/swifts-tokenized-payment-pilot-validates-ripples-vision-xrp-price-outlook</link> <guid>swifts-tokenized-payment-pilot-validates-ripples-vision-xrp-price-outlook</guid> <pubDate>Sun, 12 Jul 2026 20:01:11 GMT</pubDate> <description><![CDATA[Traders and crypto analysts have adjusted **XRP's target price** after **Ripple's vision** was validated with the launch of a **SWIFT pilot** for tokenised cross-border payments. ## Market Context XRP dipped slightly to **$1.10** amid a broadly negative market as capital rotates defensively out of altcoins and into Bitcoin. **Bitcoin dominance** rose to **58.43%** as the total crypto market cap dipped 0.29%. This signals that capital is rotating from riskier altcoins into Bitcoin, a typical defensive move in a "Fear" sentiment environment. Other major alts, like **Avalanche (AVAX)**, also fell by over 4%, confirming the broader pressure. ## SWIFT's Tokenized Payment Pilot Sell-side pressure persisted amid news that **SWIFT tapped more than 30 banks** connected to Ripple's ecosystem to enhance cross-border payments. SWIFT has introduced its own **blockchain-based shared ledger** after nine months of development. The pilot project is moving into operational use with **17 major banks** set to pioneer tokenised cross-border payments. This pilot for **24/7 tokenised cross-border payments** is seen as a direct validation of the infrastructure model Ripple has championed for years. While SWIFT's system coordinates tokenised deposits, **Ripple's On-Demand Liquidity** solution uses XRP as a bridge asset for instant settlement. This is **bullish for XRP** because it signals a broad shift in the financial industry toward the exact type of always-on, programmable settlement networks Ripple built. SWIFT's move reduces scepticism and could accelerate **institutional adoption** of blockchain-based rails, where Ripple is an established player. SWIFT has also announced its next steps: a **platform for programmable money and agentic commerce**, with payments made automatically when conditions are met without manual authorisation. ## Ripple's Ecosystem Expansion A few months ago, **Ripple Treasury joined SWIFT**, enabling direct global bank access and unified control of fiat and crypto. It also partnered with **Kyobo Life Insurance** for real-time tokenised government bond settlement. Now, more than 30 banks connected to the Ripple ecosystem are listed in SWIFT's payments framework. The list includes **HSBC, Deutsche Bank, Santander, Standard Chartered, and JPMorgan**. This is not a migration from SWIFT to XRP. The truth is, **XRP may be a liquidity-providing platform** for SWIFT's growing digital transformation. Banks require instant liquidity to fulfil tokenised cross-border transactions. Ripple's network provides them with access to such liquidity in real time without pre-funding foreign accounts in each destination currency. ## Technical Analysis Analysts said XRP's drop is less about its own fundamentals and more about a market-wide shift toward perceived safety and liquidity. A sustained rise in Bitcoin dominance above 59% would likely extend pressure on XRP and other alts. The move occurred on **below-average volume** (down 6.15%), suggesting a lack of strong conviction rather than a panic sell-off. Technically, **XRP's RSI at 39.5** is nearing oversold territory, indicating weak momentum but not extreme capitulation. The immediate key level is **$1.09**, which aligns with the recent swing low and the current price. Holding here could lead to a consolidation range between $1.09 and the 50% Fibonacci retracement at $1.10. The primary risk is a breakdown if Bitcoin strengthens further, which could push XRP toward the next support zone around **$1.05–$1.07**. The trend is bearish in the short term, but oversold conditions could slow the descent. A decisive daily close below $1.09 would confirm further downside. XRP is caught in a defensive market rotation, with its fate tied to Bitcoin's strength and broader altcoin sentiment.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xrp</category> <category>ripple</category> <category>swift</category> <category>tokenizedpayments</category> <category>marketsentiment</category> <enclosure url="https://dmarketforces.com/wp-content/uploads/2026/07/XRP-Buoys-as-SWIFT-Taps-Ripples-Partner-Banks-for-Tokenised-Payment.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Why Bitcoin's Moonshot Days May Be Over: Data Challenges $300K-$500K Predictions]]></title> <link>https://www.bitcointoday.app/article/why-bitcoins-moonshot-days-may-be-over-data-challenges-300k-500k-predictions</link> <guid>why-bitcoins-moonshot-days-may-be-over-data-challenges-300k-500k-predictions</guid> <pubDate>Sat, 11 Jul 2026 07:01:27 GMT</pubDate> <description><![CDATA[## The Halving Cycle Reality Check Bitcoin's historic four-year halving cycles have consistently produced new all-time highs, but each successive cycle has delivered **diminishing returns**. Analysts predicting a rally to $300,000 or more by 2029 may be overlooking key data that suggests the era of parabolic moonshots is ending. ### Declining Peak-to-Peak Multiples The track record of cycle highs tells a clear story: - **2013**: $266 - **2017**: ~$20,000 (75x from previous high) - **2021**: ~$69,000 (3.5x from 2017) - **2025**: $126,000 (just **1.8x** from 2021) Each bull market peak has delivered **smaller multiples** than the last. To reach $300,000, the next cycle would need over 2x from the 2025 high—a significant acceleration that contradicts the trend. ### Why Diminishing Returns? As Bitcoin grows and matures, it requires **significantly more capital** to push it higher. The market is becoming **larger, more liquid, and less volatile** due to: - Institutional participation - Spot ETFs - Futures, options, and structured products - Advanced risk management tools This institutionalization is making Bitcoin behave more like a traditional asset, with **measured gains** rather than explosive rallies. ### Counterarguments Some bulls point to potential **Fed stimulus** or **U.S. Treasury Bitcoin purchases** as catalysts. However, even the massive fiscal and monetary stimulus after the 2020 COVID crash could only lift BTC to ~$69,000 in 2021 (3.5x from 2017), a slowdown from the previous cycle. The 2025 high, driven by ETF flows and unprecedented institutional adoption, managed only 1.8x. ### The Bottom Line Bitcoin is **maturing, not breaking**. The days of peak-to-peak moonshots may be gone for good. Investors chasing the next parabolic supercycle might want to **recalibrate expectations**.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>bitcoin</category> <category>halving</category> <category>marketcycle</category> <category>institutionaladoption</category> <category>priceprediction</category> <enclosure url="https://cdn.sanity.io/images/s3y3vcno/production/c7d242469e65ee7e6f0e9ceac50286334728802f-5458x3638.jpg?auto=format&w=960&h=540&crop=focalpoint&fit=clip&q=75&fm=jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[XRP Holds Strong at $1.11 Amid Ripple's Strategic Partnership Spree]]></title> <link>https://www.bitcointoday.app/article/xrp-holds-strong-at-111-amid-ripples-strategic-partnership-spree</link> <guid>xrp-holds-strong-at-111-amid-ripples-strategic-partnership-spree</guid> <pubDate>Sat, 11 Jul 2026 14:01:25 GMT</pubDate> <description><![CDATA[XRP is currently trading at **$1.11**, maintaining its level despite broad market selling pressure. With a 24-hour trading volume of $908 million, XRP is down just 0.34% as Ripple aggressively expands through high-profile partnerships and regulatory wins. ## Regulatory Milestone in Europe Ripple received full authorization as a **Crypto Asset Service Provider (CASP)** from Luxembourg's financial regulator, the CSSF. This license enables Ripple to offer regulated digital payment services across the entire **European Economic Area (EEA)**. This removes a significant compliance barrier and strengthens XRP's utility as a bridge asset for institutional cross-border payments. ## Social Impact and Brand Exposure Ripple announced a partnership with a nonprofit organization focused on helping unemployed U.S. military veterans secure jobs, aiming to place **200,000 people by 2030**. Ripple will match public donations up to $10,000, showcasing its commitment to social impact. In a groundbreaking move, Ripple partnered with the **University of Kansas athletics program**, placing the XRP logo on the Kansas Jayhawks' jerseys. This is the first time a cryptocurrency logo has appeared on a major U.S. college athletics uniform. CEO Brad Garlinghouse, a Kansas alum, highlighted the personal significance. Analysts see this as a **bullish brand-awareness play**, exposing XRP to millions of mainstream sports fans and fostering broader acceptance. ## Strategic Positioning These developments align with Ripple's broader strategy: securing a MiCA-aligned license in Europe, ongoing net inflows into emerging XRP ETFs, and using sports sponsorship to reach retail audiences. XRP is positioning itself as a **regulated, institution-facing asset** while building mainstream brand recognition.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>xrp</category> <category>ripple</category> <category>partnerships</category> <category>regulation</category> <category>sportssponsorship</category> <enclosure url="https://dmarketforces.com/wp-content/uploads/2026/07/XRP-Price-Hovers-at-1.11-as-Ripple-Seals-Partnership-Deals.jpg" length="0" type="image/jpg"/> </item> <item> <title><![CDATA[Robinhood Chain: The Ethereum Layer-2 Network Bringing Tokenized Stocks to DeFi]]></title> <link>https://www.bitcointoday.app/article/robinhood-chain-the-ethereum-layer-2-network-bringing-tokenized-stocks-to-defi</link> <guid>robinhood-chain-the-ethereum-layer-2-network-bringing-tokenized-stocks-to-defi</guid> <pubDate>Sat, 11 Jul 2026 20:01:11 GMT</pubDate> <description><![CDATA[Robinhood Chain is a blockchain network developed by Robinhood, the financial services company behind the stock and crypto trading platform. Launched in mainnet on July 1, 2026, it brings together **tokenized assets**, **decentralized finance (DeFi)**, and **smart contracts** to power crypto applications. ## What is Robinhood Chain? Robinhood Chain is an **Ethereum layer-2 network** built using **Arbitrum technology**. It gives developers a network for building applications involving financial assets, including **tokenized stocks**, ETFs, and other real-world assets. As a layer-2 network, it processes transactions separately before settling on Ethereum, reducing fees and increasing throughput. Robinhood Chain uses **ETH** as its native gas token and is compatible with the **Ethereum Virtual Machine (EVM)**, allowing developers to use existing Ethereum tools. It leverages the **Arbitrum Dedicated Blockchains framework** for customization. ## How are transactions processed? Transactions are processed on a **first-come, first-served basis** via a sequencer. They move through stages: sequencer receives and processes, batches are posted to Ethereum, and final settlement occurs. ## What are Robinhood Stock Tokens? **Stock Tokens** are blockchain-based assets providing exposure to real-world assets like stocks and ETFs. They can interact with DeFi applications but **do not confer legal ownership** or shareholder voting rights. They are **not available to U.S. users**. ## Applications on Robinhood Chain The network supports **decentralized exchanges** like Uniswap, **lending protocols** like Morpho, and **oracle services** like Chainlink. Infrastructure partners include Alchemy, BitGo, and Paxos. ## Post-Launch Activity In its first week, Robinhood Chain recorded **over 17 million transactions**, nearly **350,000 addresses**, and **$1 billion in DEX volume**. The **meme coin Cash Cat** surged, driving initial hype.]]></description> <author>contact@bitcointoday.app (BitcoinToday.app)</author> <category>robinhoodchain</category> <category>ethereumlayer-2</category> <category>tokenizedstocks</category> <category>arbitrum</category> <category>defi</category> <enclosure url="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2026/07/robinhood-chain-learn-gID_7-pID_2.png" length="0" type="image/png"/> </item> </channel> </rss>