Category: Business

Ethereum ($ETH) is showing strong technical signs of a short-term bottom reversal, with a projected surge to $2,163.

Ethereum targets $2,163 following double bottom completion

As shown in the chart below, $ETH has clearly formed a classic double-bottom reversal pattern near the $1,510 support. Even more, just two days ago, the coin broke above the $1,842 neckline resistance after a period of consolidation. At press time, $ETH was still sustaining this bullish momentum, trading at about $1,883 (+6.88% in the last 24 hours).

Source: Tech Charts

According to veteran chartist Aksel Kibar, this setup projects an upside target of $2,163 – calculated from the pattern’s move from the double bottom to the neckline. It also follows a similar short-term bullish prediction made by the analyst just three days ago, indicating continued bullish momentum in the reversal.

Further supporting this thesis is the rising multi-month trendline, which shows higher lows between February and May. This trajectory means buyers are consistently accumulating even as prices rise, further reinforcing the previously mentioned bullish thrust.

Recent developments fueling upside bias

In addition to the above technical analysis, EthSystems, a spin-off from the Ethereum Foundation, recently launched as an independent for-profit research and engineering company. The Ethereum community expressed optimism for the event, as it signaled Ethereum’s commitment to providing blockchain privacy to heavily regulated institutions.

Furthermore, today’s cooler-than-expected inflationary data encouraged investors to flow into crypto assets. Other than retail investors, institutions continue to accumulate the coin, with Bitmine Immersion Technologies now holding 5.77 million $ETH tokens (about 4.8% of the circulating supply).

Key levels to watch for

Important levels to watch out for now include the $1,842-$1,850 double-bottom neckline resistance. A downside penetration below this threshold could invalidate the bullish setup.

Additional resistance lies between $1,900 and $2,000, which marks the highs hit between May and June just before the sharp decline.

Breaking above these two zones, coupled with rising trade volumes, would pave the way for the $2,163 target.

QuickSwap, one of the oldest names in decentralized exchange trading, has officially rolled out Orbs’ Perpetual Hub Ultra 2.0 as the default engine powering perpetual futures across every chain it operates on. The decision wasn’t made behind closed doors. It came after a community vote, “Full Shift of Decentralized Perpetuals to Orbs Network,” which cleared with a decisive 81.8% approval from QUICK token holders.

The shift effectively retires the Orderly-based Falkor setup that had been running on Polygon PoS, replacing it with the same Orbs-driven architecture that QuickSwap already introduced on Base back in the fourth quarter of 2025. It’s not a cold start, either. QuickSwap and Orbs have been working together for years at this point, with tools like dTWAP, dLIMIT, and Liquidity Hub already live in production on both Polygon PoS and Base.

Ran Hammer, VP of Business Development at Orbs, framed the announcement as something bigger than a routine infrastructure swap. “This is what the next phase of DeFi looks like: a top-tier DEX running a complete perps stack natively on Layer-3, with liquidity from day one and execution quality that rivals centralized venues,” he said. He also pointed to the vote itself as a signal of where the industry is heading, adding, “An 81.8% community vote says it all – decentralized markets are ready to compete with traditional finance on its own terms.”

Full-Service Perpetual Trading Stack

What QuickSwap gets out of the deal, in practical terms, is a full-service perpetual trading stack that doesn’t lean on outside providers. Execution, settlement, hedging, liquidation, pricing, and the trading interface itself are all handled natively through Orbs’ Layer-3 infrastructure. There’s no bootstrapping period to worry about, either; liquidity is pulled in from day one through Orbs’ integrated system, which taps into several deep liquidity sources at once rather than relying on a single pool building up over time.

Under the hood, the platform runs on a TEE-secured execution environment, meaning trades are processed inside a trusted, hardware-isolated setting rather than out in the open. Price feeds come in cryptographically signed, and the resulting state is periodically committed on-chain through rollup settlement, giving traders a verifiable record without sacrificing speed.

On the trading side, users get access to the usual order types, market, limit, stop-loss, take-profit, along with more advanced bracket orders. Convenience features like one-click trading, account abstraction, and gasless transactions are also part of the package, lowering the friction that’s historically kept some traders away from on-chain platforms.

QuickSwap itself needs little introduction to anyone who’s spent time in DeFi. It’s been running since 2020 and remains the top exchange within the Polygon ecosystem, expanding over the years from Polygon PoS into Polygon zkEVM and Base while holding onto its reputation as Polygon’s flagship DEX.

Like much of its infrastructure, the exchange is steered by its community through QUICK token governance, which is exactly the mechanism that greenlit this latest move. Orbs, for its part, operates as a decentralized Layer-3 network built specifically to handle the kind of complex trading logic that standard smart contracts struggle with.

Its validator network runs on delegated Proof-of-Stake, backed by more than 1.12 billion ORBS tokens staked across the system. Both teams are pitching this integration as a step toward closing the gap between decentralized and centralized trading venues, not just in terms of speed and cost, but in the overall experience, while still keeping self-custody and on-chain transparency intact for users.

Memecoins often thrive on hype, yet they can lose relevance just as quickly when attention fades.

Binance founder Changpeng Zhao’s (CZ) recent wallet activity initially fueled speculation across the memecoin market. He later clarified the transfers were routine, not valuation‑related.

Rather than making a statement about token valuations, he simply cleared thousands of unsolicited donations by sending them directly to the burn address.

In a post on X, CZ noted,

This move permanently removed roughly 1.1 billion donated memecoins from circulation, including transfers of 700 million and 400 million tokens shown in the wallet activity. However, the broader market impact remains limited because these assets already had little utility or liquidity.

Instead, the transaction underscores how speculative narratives can quickly overshadow routine wallet management. Ultimately, sustainable valuations will continue to depend on genuine demand rather than symbolic token burns.

Memecoin demand remains fragile

CZ’s decision to burn unsolicited memecoins also reflects the broader challenges facing the memecoin sector. While new narratives occasionally attract speculative inflows, sustained demand has remained weak since Bitcoin’s October 2025 peak.

As Bitcoin [$BTC] plummeted, investors began reducing their exposure to riskier assets. This led to cumulative Binance memecoin net volume declining to -$1.21 billion.

This suggests that rather than accumulate for long-term growth, traders increasingly view memecoins as assets to exit during uncertainty. Unless risk appetite improves, capital will likely continue concentrating in stronger cryptocurrencies.

As a result, this leaves memecoins vulnerable to lower liquidity, sharper volatility, and shorter-lived recoveries.

Rather than signaling isolated selling, the persistent outflows point to a prolonged risk-off environment across the sector. Although Robinhood Chain briefly revived interest in newer tokens, that momentum failed to reverse broader capital rotation.

Without consistent buying, memecoins will stay driven by short‑lived narratives rather than durable demand.

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Final Summary

• Memecoins remain driven by speculation, with CZ’s burn carrying limited market impact.
• Bitcoin [$BTC] weakness continues weighing on memecoins, as persistent capital outflows keep the sector in a prolonged risk-off environment.

Ether.fi [$ETHFI] has posted a sharp decline as capital outflows across the broader market drive much of the fall.

The asset recorded a double-digit loss in the early hours of Tuesday, extending its price to a low of $0.384 on the chart. Outflows continue to dominate, yet the market is already flashing early signs of a possible recovery and leaves room for a rally to still stretch higher.

Capital exits $ETHFI’s on-chain economy

The steepest hurdle facing $ETHFI’s price over the past day has been the on-chain capital exit.

Total value locked (TVL), which gauges the strength of on-chain capital through the deposits and withdrawals moving through the protocol, shows that roughly $54 million has left the market.

The metric slid from $3.212 billion to roughly $3.153 billion, signalling that retail holders are exiting the market, likely on concerns over rising volatility.

On a protocol level, the asset has held up decently, with earnings—the profit that remains once incentives are stripped out—reaching $1.34 million and already nearing half of the $2.79 million generated in June.

The pattern suggests the recent sell-off reflects a reaction to market sentiment and not a structural bearish trend. That sentiment traces back to the notable decline the crypto market absorbed over the past day, when it shed around $8.61 billion in total capitalization.

Perpetual contracts keep bears in play

The clearest gap in the market emerges from $ETHFI’s perpetual contracts, which show that bears still hold some strength after an 11% decline dragged open interest to $62.26 million.

That gap stems from an imbalance in liquidations, with market data revealing a wide disparity between long and short liquidations. Over the past 24 hours, long traders have lost roughly 40 times more than short traders.

The liquidation data shows short traders lost just $2,210 against $89,680 for long traders across the same period, and the uneven spread points to the strength of the bears.

On lower timeframes, the liquidation disparity widens further, though the capital lost this time around remains minimal.

The liquidation heatmap offers no clear directional bias for the asset, instead showing fairly evenly distributed clusters.

These clusters mark areas on the chart where buy or sell orders sit, and clusters resting above the price usually act as sell zones that pull the price toward them and force selling, while clusters below reverse the dynamic and force buys once the price drops into them.

For now, there’s no decisive direction, leaving momentum to dictate the next price move.

Rising long volume hints at $ETHFI accumulation

While liquidations remain skewed in favour of the shorts, activity on the long-to-short ratio points to rising accumulation.

At the time of writing, the long-to-short volume ratio on the chart shows more long volume in the market, pushing up to 1.02. A continued climb would imply that buy interest still lingers in the market.

Whether that offers a sufficient basis for a shift in direction remains unclear. The broader crypto market that shaped the sell-off sentiment has begun cooling, and a strong chance remains that $ETHFI benefits from the turn and recovers, flipping momentum against the sellers.

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Final Summary

• Ether.fi’s token fell 10% after roughly $54 million left the protocol, moving in step with a broader crypto market that shed about $8.61 billion in a day.
• Buying activity is quietly picking up and a calming market could give $ETHFI room to bounce back.

Global financial markets are focused on the US Consumer Price Index (CPI) data to be released today, while investors in the cryptocurrency market are also acting cautiously.

Bitcoin, which surged above $64,000 on Friday, is maintaining its strong performance around the $62,000 level despite recent escalation in US-Iran tensions.

However, the inflation data to be released is expected to be a determining factor in short-term price movements.

Analysts are concerned that inflation, which the Fed has long been trying to bring down to its 2 percent target, will continue to face upward pressure due to increases in energy prices.

At this point, while there is talk that the Fed might even raise interest rates in the face of increasing inflation risk (according to FEDWatcholl data, the probability of a rate hike in July is priced at 39%), the US June inflation data, which the Fed closely monitors when making its interest rate decisions, has been released.

Here are the US inflation figures that have been released:

Consumer Price Index Annual: Announced 3.5% – Expectation 3.8% – Previous 4.2%

Consumer Price Index Monthly: Announced -0.4% – Expectation -0.1% – Previous 0.5%

Core Consumer Price Index Annual: Announced 2.6% – Expected 2.8% – Previous 2.9%

Core Consumer Price Index Monthly: Announced 0.0% – Expectation 0.2% – Previous 0.2%

The consumer price index is a key variable used to measure consumer purchasing trends and changes in US inflation.

According to The Kobeissi letter, June CPI inflation fell to 3.5%, below expectations of 3.8%. Core CPI inflation fell to 2.6%, also below expectations of 2.8%. Monthly CPI inflation fell by -0.4%, marking the largest monthly decline since May 2020. Following this data, US stock market futures rose in response to the news.

Bitcoin’s Initial Reaction After the CPI Data!

*This is not investment advice.

Companies including Hut 8, Core Scientific (CORZ), Hive Digital (HIVE) and Bit Digital (BTBT) have repositioned portions of their power and infrastructure assets to serve AI workloads, betting that long-term contracts with hyperscale customers will generate steadier, higher-margin revenue than cryptocurrency mining alone.

Hut 8 has signed two 15-year, triple-net, take-or-pay leases covering 597 megawatts of IT capacity at its River Bend, Louisiana, and Beacon Point, Texas, campuses. According to Palmer, the agreements represent $16.8 billion in contracted base-term lease value and could rise to $42.8 billion if tenants exercise renewal options.

Palmer said the Beacon Point agreement was the primary driver behind the higher valuation. The broker estimated that the project’s first phase alone carries $9.8 billion in base-term contract value and about $655 million in average annual net operating income.

He also pointed to Hut 8’s financing strategy, noting the company recently completed $4.25 billion of investment-grade project financing for Beacon Point after raising $3.25 billion for River Bend. The deals validate management’s strategy of lowering its cost of capital by converting development assets into long-term contracted cash flows.

Beyond its existing projects, the report highlighted Hut 8’s development pipeline, which totals more than 9 gigawatts across projects under exclusivity, development, construction and management, providing what it called a long runway for future growth.

While the leading cryptocurrency Bitcoin has been more stable in recent days, investor sentiment in the cryptocurrency market is reportedly on the rise again.

At this point, cryptocurrency data analysis platform Santiment noted that although overall investor sentiment in the market is rising, $XRP and Ethereum have recorded their highest “FOMO” (fear of missing out) levels in the last five weeks.

According to Santiment’s latest data, $ETH and $XRP investors have become significantly more optimistic. This has led to $ETH and $XRP reaching their highest FOMO levels in the last five weeks.

According to the data, $XRP reached its highest FOMO level with 3.02 bullish comments for every bearish comment, while Ethereum was in the mild FOMO zone with a ratio of 2.31. In contrast, Bitcoin’s ratio of 1.40 indicated a more balanced and neutral investor sentiment.

This shift in investor sentiment, at a time when prices are struggling to gain steady momentum, raises the possibility that the upward trend may have overtaken market performance.

At this point, Santiment analysts note that the cryptocurrency market is moving in the opposite direction of investor expectations. They emphasize that the increasing optimism for $ETH and $XRP could be a counter-signal for the price.

The analysis notes that historically, short-term corrections can occur during periods when investors have excessively bullish expectations, and suggests that high optimism in $XRP and Ethereum could increase downside risks or limit the pace of their rise in the short term.

In contrast, balanced and neutral investor sentiment in Bitcoin is seen as healthier in terms of price. This is because, according to Santiment analysts, strong rallies can occur when investors are not yet fully focused on bullish expectations.

*This is not investment advice.