Category: Business

On-chain analytics company Swissblock announced that Bitcoin (BTC) has emerged from its capitulation phase following recent sharp sell-offs and is beginning to regain upward momentum.

According to the company’s assessment, while signs of recovery are beginning to appear in the market, current data is not yet at a level to confirm a strong and lasting trend reversal.

An analysis shared by Swissblock states that Bitcoin has entered a “transitional phase” again. Analysts note that selling pressure has significantly decreased and upward momentum is beginning to re-emerge, highlighting that the market is at a critical juncture. Accordingly, the current process could signal the beginning of a new uptrend, or it could be a temporary recovery phase before the continuation of a bear market.

A capitulation period is defined as a time when investors engage in heavy selling and a significant portion of market participants close their positions at a loss. While Bitcoin has historically shown strong recoveries following such periods, it cannot be said that every capitulation directly triggers a new bull market. Therefore, analysts emphasize the need to carefully monitor current data.

According to Swissblock, recent price movements and on-chain indicators reveal that the negative market sentiment is weakening. In particular, the improvement in investor behavior and the decrease in selling pressure suggest that Bitcoin is beginning to regain strength. However, the company notes that it is still too early to say whether this outlook has turned into a permanent uptrend.

Experts say that both macroeconomic developments and institutional investor flows will be decisive in determining Bitcoin’s direction in the coming weeks. If upward momentum continues to strengthen and technical indicators support it, the current transition period could lay the foundation for a new bull trend.

However, it is assessed that if momentum weakens, Bitcoin may face renewed selling pressure and the bear market may continue. Therefore, investors are advised to follow on-chain data and market dynamics together, rather than just short-term price movements.

*This is not investment advice.

Binance, one of the world’s largest cryptocurrency exchanges, announced that it has decided to delist certain trading pairs as part of its periodic reviews aimed at maintaining the quality of spot market transactions and providing users with a more efficient trading environment. The exchange stated that following recent evaluations based on various criteria such as low liquidity and trading volume, seven spot trading pairs will be delisted.

According to a statement by Binance, trading on the ACX/$USDC, $ALGO/$BTC, CVC/$USDC, $LPT/$USDC, ONG/$BTC, $RVN/$USDC, and $XRP/BNB trading pairs will be suspended as of July 24, 2026, at 06:00. These trading pairs will no longer be available on the Binance Spot platform after that date.

The exchange emphasized that the removal of certain trading pairs does not mean that the related crypto assets have been completely delisted. Users will continue to be able to buy and sell assets such as ACX, $ALGO, CVC, $LPT, ONG, $RVN, and $XRP through other trading pairs that remain supported on Binance Spot. Therefore, only specific pairs will be removed, and the general trading access of the tokens on the platform will continue.

Binance also announced that its Spot Trading Bots service, which operates based on the trading pairs to be removed, will be terminated on the same date and time. In this context, investors using automated trading strategies are advised to update or cancel their bots in advance to prevent potential losses.

Cryptocurrency exchanges periodically review and remove trading pairs with low trading volume or insufficient liquidity from their platforms. This practice is said to aim at improving market efficiency, enhancing price formation, and protecting the user experience.

Experts emphasize that investors should closely monitor such announcements, and point out that users of automated trading systems, in particular, should check their open orders and bot settings for the pairs being delisted. Binance is expected to continue similar periodic reviews in the future.

*This is not investment advice.

A Bitcoin wallet that had been steadily accumulating the cryptocurrency over the past six years moved 800 $BTC, valued at approximately $52.2 million, to Cumberland, a prominent crypto market maker and over-the-counter (OTC) trading platform, according to onchain analytics firm Onchain Lens. The transfer occurred about one hour ago and is typically interpreted as a potential selling activity.

Whale Activity and Market Implications

Onchain Lens reported that the whale externally moved a total of 2,000 $BTC worth about $130 million today. This includes the transfer to Cumberland and an additional 1,200 $BTC, worth roughly $78.3 million, sent to a new address. The movement of such a significant amount of Bitcoin from a long-term holder to a trading platform often signals an intention to sell, which could influence market sentiment in the short term.

Understanding the Accumulation Pattern

This particular wallet had been accumulating Bitcoin consistently for six years, a strategy often associated with patient, long-term investors. The decision to move a portion of these holdings to Cumberland, a platform known for facilitating large block trades, suggests the whale may be looking to realize gains or rebalance their portfolio. The simultaneous transfer of a larger amount to a new address also indicates that the whale is not liquidating entirely, but rather managing their exposure.

Why This Matters to the Market

Whale transactions, especially from long-term holders, are closely watched by traders and analysts because they can precede price movements. Cumberland’s role as an OTC desk means the sale could occur off-exchange, reducing direct market impact, but the overall signal of distribution can still weigh on sentiment. This event adds to a broader narrative of long-term holders taking profits after Bitcoin’s significant rally from its 2022 lows.

Conclusion

The transfer of 800 $BTC to Cumberland by a six-year accumulator is a notable onchain event that warrants attention. While not a definitive sell signal, the pattern of moving coins to a trading venue suggests potential distribution. Investors should monitor further movements from this wallet and broader market reactions.

FAQs

Q1: What is Cumberland and why does this transfer matter?
Cumberland is a major cryptocurrency market maker and OTC trading desk. Transfers to such platforms are often seen as a precursor to selling, as they provide liquidity for large block trades without causing immediate slippage on public exchanges.

Q2: How much Bitcoin did the whale move in total today?
According to Onchain Lens, the whale moved a total of 2,000 $BTC, valued at approximately $130 million. This includes 800 $BTC to Cumberland and 1,200 $BTC to a new address.

Q3: Does this mean the whale is selling all their Bitcoin?
Not necessarily. Moving coins to a new address while also sending a portion to Cumberland suggests a strategic rebalancing rather than a full exit. The whale may be taking partial profits while retaining a core position.

U.S. spot Ethereum exchange-traded funds recorded $38 million in net inflows on July 20, according to data from Farside Investors, extending a positive streak to a second consecutive trading day after a period of mixed activity.

Breakdown of July 20 Inflows

The inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $34.3 million. Fidelity’s Ethereum Fund (FETH) added $2.8 million, while the 21Shares Core Ethereum ETF contributed $0.9 million. The remaining spot $ETH ETFs saw no net inflows or outflows for the day.

This marks the second straight session of positive flows following last Friday’s modest gains, suggesting a cautious but steady return of institutional interest after weeks of volatile trading in the broader crypto market.

Context and Market Implications

The two-day inflow streak comes amid a period of relatively subdued Ethereum price action, with $ETH trading in a narrow range between $3,400 and $3,500. Analysts point to the inflows as a signal that institutional investors are gradually allocating to Ethereum exposure through regulated fund structures, even as retail sentiment remains mixed.

Since their launch in late May 2024, spot Ethereum ETFs have experienced uneven demand compared to their Bitcoin counterparts. However, recent data indicates a potential shift: cumulative net inflows across all spot $ETH ETFs have now surpassed $1.5 billion, according to Farside Investors.

Why This Matters for Investors

Sustained inflows into spot Ethereum ETFs are viewed as a barometer of institutional confidence in $ETH as an asset class. Unlike direct cryptocurrency holdings, these ETFs offer exposure through traditional brokerage accounts, making them accessible to a broader range of investors, including pension funds and endowments.

The concentration of inflows in BlackRock’s and Fidelity’s products also underscores the importance of brand trust and fee structures in the competitive ETF landscape. Both funds offer among the lowest expense ratios in the category.

Conclusion

While two days of inflows do not constitute a trend, the $38 million figure on July 20 provides a constructive data point for the Ethereum ETF market. Investors and analysts will be watching closely to see if the momentum can be sustained through the end of the month, particularly as the broader macroeconomic environment — including potential Federal Reserve rate decisions — continues to influence risk appetite.

FAQs

Q1: What are spot Ethereum ETFs?
Spot Ethereum ETFs are exchange-traded funds that hold actual Ether ($ETH) rather than futures contracts. They allow investors to gain exposure to Ethereum’s price movements through a traditional stock exchange, without needing to directly buy or store cryptocurrency.

Q2: Why are inflows into spot $ETH ETFs significant?
Inflows indicate that investors are actively buying shares, which typically reflects positive sentiment and demand for Ethereum exposure through regulated products. Sustained inflows can support the price of $ETH and signal growing institutional adoption.

Q3: How do spot $ETH ETF inflows compare to Bitcoin ETF inflows?
Bitcoin spot ETFs, launched in January 2024, have seen significantly larger cumulative inflows — exceeding $15 billion as of mid-2024. Ethereum ETFs have attracted a smaller share, partly due to lower institutional familiarity and different market dynamics, but recent data suggests a gradual increase in interest.

Two other supports lined up behind the move. U.S. spot bitcoin ETFs have now drawn inflows for five straight sessions totaling more than $600 million, the most sustained institutional buying since mid-July and a reversal of the eight-week outflow run that ran through late June.

And oil, which had climbed for two days on the war, pulled back, with Brent falling 1% to about $88.58 as Iran said mediators were circulating proposals to ease hostilities, including a reported suggestion for a 10-day halt in strikes.

“Current bitcoin and ether prices are low but fair, given the macro uncertainties pervading markets,” said Jeff Mei, chief operating officer at BTSE, who pointed to the Fed meeting as the event traders are positioned around.

“Traders expect rates to hold steady but are looking for more signals as to what’s to come later in the year,” Mei added.

The read on that meeting is where the rally meets its limit. The Federal Reserve gathers July 28 and 29, and markets put the odds of a July rate increase at about 15%, though a September move is still live.

Spot-market volume across crypto stayed subdued even as prices rose, the sign of a tape lifted by returning risk appetite rather than fresh conviction, and higher oil and Treasury yields remain the levers that could keep the Fed hawkish and cap risk assets.

Sui, the Layer-1 blockchain designed for high-throughput decentralized applications, has surpassed 4.5 billion cumulative transactions, according to data from blockchain analytics platform Chainspect. The milestone reflects sustained network activity and growing adoption since the mainnet launch.

Network growth and transaction volume

Reaching 4.5 billion transactions places Sui among the more active blockchain networks in terms of on-chain activity. The figure includes all transactions processed since the network’s genesis, covering transfers, smart contract interactions, and decentralized application usage. Chainspect’s data confirms the tally as of today, marking a steady increase from previous milestones. The network has consistently added hundreds of millions of transactions in recent months, indicating ongoing developer and user engagement.

Market context and $SUI token performance

According to CoinMarketCap, $SUI, the native token of the Sui blockchain, was trading at approximately $0.7634 at the time of reporting, reflecting a 1.33% increase over the previous day. The modest price movement comes amid broader market conditions where many cryptocurrencies have seen mixed performance. The transaction milestone may contribute to positive sentiment, though token prices remain influenced by a range of factors including overall market trends, protocol developments, and investor sentiment toward Layer-1 projects.

Why this matters for the blockchain ecosystem

Transaction volume is a key metric for evaluating blockchain network usage and health. High cumulative transaction counts suggest that a network is being actively used for real-world applications, not just speculative activity. For Sui, which differentiates itself through parallel execution and object-centric data modeling, reaching 4.5 billion transactions provides evidence that its technical design can support substantial on-chain activity. This milestone also positions Sui as a contender among emerging Layer-1 blockchains competing for developer mindshare and user adoption.

Broader implications for Layer-1 competition

The achievement comes at a time when multiple Layer-1 networks are vying for dominance in the smart contract platform space. Sui’s focus on high throughput and low latency has attracted projects in gaming, decentralized finance, and social applications. While transaction count alone does not measure network value or security, it serves as a useful indicator of adoption trends. Continued growth in transaction volume may signal that Sui is gaining traction as a viable alternative to more established platforms.

Conclusion

Sui’s surpassing of 4.5 billion cumulative transactions marks a notable milestone in the network’s development. The data underscores sustained usage and technical capability, while the $SUI token’s modest price uptick reflects cautious market optimism. As the blockchain landscape evolves, Sui’s transaction growth will be one of several metrics to watch for assessing its long-term viability and competitive position.

FAQs

Q1: What is Sui blockchain?
Sui is a Layer-1 blockchain platform designed for high throughput and low latency, using a parallel execution model and object-centric architecture to support decentralized applications, particularly in gaming, DeFi, and social media.

Q2: How does the 4.5 billion transaction milestone compare to other blockchains?
While 4.5 billion cumulative transactions is significant, it is lower than networks like Ethereum or Solana, which have processed many more transactions over longer periods. However, Sui’s growth rate indicates increasing adoption relative to its launch timeline.

Q3: Does transaction volume affect the $SUI token price?
Transaction volume can influence sentiment and perceived network utility, which may indirectly affect token price. However, price is determined by many factors including market conditions, investor demand, and broader macroeconomic trends.

The London Stock Exchange (LSE), operator of the UK’s flagship equities market, plans to offer an overnight trading platform in the first half of 2027 in a bid to attract global retail investors accustomed to round-the-clock access to crypto exchanges, the Financial Times reported Monday.

The platform will function as a standalone market alongside the LSE’s main exchange and initially focus on listing exchange-traded products.

In mid-2024, months after US spot Bitcoin ETFs debuted, the LSE joined the crypto ETP space, launching physically backed Bitcoin and Ethereum ETNs. While access was initially restricted to professional investors, Financial Conduct Authority rule changes have since opened the products to retail buyers.

The planned overnight trading platform will operate outside the LSE’s normal market hours, running from 5:00 p.m. to 7:50 a.m. with a brief nightly pause, giving international retail investors greater flexibility to trade London-listed products. Exchange executives said the move is intended to capitalize on London’s global position while responding to changing investor expectations shaped by digital asset markets.

Alongside extended trading hours, the LSE plans to integrate agentic AI functionality into the venue, allowing AI systems to support portfolio evaluation, market analysis and trade execution. The launch follows similar moves by major US exchanges like Nasdaq, NYSE, CME, and Cboe as traditional financial markets adapt to around-the-clock investing.

Jito [$JTO] climbed 11.59% over the previous 24 hours to $0.6087 as of writing, while its market capitalization reached $304.67 million as investor interest strengthened. Trading activity also accelerated, with daily volume surging 142.17%, indicating that buyers returned aggressively after recent weakness.

The rally followed growing optimism surrounding JIP-38, a proposal that established Jito as a token-centric network by directing 100% of the Jito DAO’s revenue share from JTX Trade toward programmatic $JTO buybacks and burns for at least one year.

Positive sentiment surrounding Solana’s [SOL] institutional adoption and capital rotation into Solana ecosystem tokens further supported the move. As a result, market participants increasingly viewed the proposal as a long-term value driver rather than a short-lived catalyst.

$JTO’s leveraged traders return

Derivatives traders also increased their exposure as Open Interest (OI) rose 14.53% to $52.05 million at press time, during the rally. The increase suggested that fresh positions entered the market instead of existing contracts simply closing.

Rising OI alongside double-digit price gains often reflected stronger market conviction because both spot and futures participants committed additional capital.

Unlike rallies driven by declining derivatives exposure, $JTO‘s advance attracted broader participation across multiple trading segments. The combination suggested traders expected the bullish narrative surrounding JIP-38 to continue influencing price action.

However, expanding leveraged exposure also increased the probability of sharper volatility should sentiment reverse or profit-taking accelerate after the recent advance.

Buyers maintained control across spot markets

Spot market activity also favored buyers throughout the latest recovery.

At the time of writing, the 90-day Futures Taker CVD remained buy dominant, showing that aggressive market buyers consistently absorbed available sell orders. The behavior aligned with the sharp increase in trading volume, which expanded 142.17% over the previous day.

Stronger buying pressure supported the price recovery instead of allowing sellers to regain control after recent weakness.

In addition, the sustained demand complemented improving sentiment surrounding Jito’s revised tokenomics and the broader Solana ecosystem. Although buyers held the advantage, continued demand would remain necessary to absorb future profit-taking as speculative participation increased across both spot and derivatives markets.

Can $JTO reclaim $0.80 next?

$JTO rebounded from the $0.5332 support area after breaking below its broader ascending channel earlier.

Buyers pushed the token back toward $0.6500, which now represented the nearest resistance before a possible move toward $0.8000. The Directional Movement Index (DMI) also reflected improving conditions.

At press time, the +DI stood at 21.23, remaining above the -DI at 20.56, while the ADX measured 19.43, suggesting bullish strength had started improving but remained below the threshold associated with a strong trend.

If buyers reclaimed $0.6500, the chart suggested a retest of $0.8000 could follow. However, failure to hold above $0.5332 would likely expose $JTO to another test of the $0.4054 support level.

Conclusively, $JTO’s rally reflected improving fundamentals, stronger buying pressure, and increasing trader participation rather than a purely speculative bounce.

If buyers continue defending support and overcome the $0.6500 barrier, the token could challenge $0.8000 in the sessions ahead. However, weakening demand would likely delay that recovery and shift attention back toward the $0.5332 support zone.

Final Summary

• $JTO’s rally gained support from stronger buying activity and growing confidence after the JIP-38 proposal.

• Rising Open Interest and steady spot demand kept bullish pressure intact, though $0.6500 remains the next key hurdle.