Cryptocurrency markets are consolidating after Bitcoin made a new all-time high above $123,000 on Monday morning.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$119,811.89</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$2,991.12</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$163.18</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.92</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1981</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001326</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows large transaction volume decreasing by 14.7% and daily active addresses falling by 5.6%. Transactions greater than $100,000 are down from 9,511 to 8,732 in a single day. Exchanges netflows are down by 93.5%.</li>



<li>Coinglass data reports 135,220 traders were liquidated in the past 24 hours for $782.59 million.</li>



<li>The top losers in the past 24 hours include MemeCore, Pump.fun and Pudgy Penguins.</li>
</ul>



Notable Developments:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46401183/strategy-adds-472-million-in-bitcoin-ups-total-holdings-to-over-600000-btc">Strategy Adds $472 Million In Bitcoin, Ups Total Holdings To Over 600,000 BTC</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46389605/why-are-bitcoin-ethereum-xrp-dogecoin-suddenly-skyrocketing">Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing?</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46387326/what-stablecoin-regulation-means-for-cross-border-crypto-why-wbt-is-gaining-ground">What Stablecoin Regulation Means For Cross-Border Crypto, Why WBT Is Gaining Ground</a></li>



<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46387048/bitcoin-is-humanitys-best-bet-against-currency-debasement-says-anthony-pompliano-we-owe-so-much-to-satoshi-nakamoto">Bitcoin Is Humanity&#8217;s &#8216;Best Bet&#8217; Against Currency Debasement, Says Anthony Pompliano: &#8216;We Owe So Much To Satoshi Nakamoto&#8217;</a></li>



<li><a href="https://www.benzinga.com/crypto/25/07/46384827/samson-mow-confident-bitcoin-is-going-to-add-a-zero-the-million-dollar-question-is-of-when">Samson Mow Confident Bitcoin Is Going To Add A Zero: The Million Dollar Question Is Of &#8216;When&#8217;</a></li>
</ul>



Trader Notes: Crypto trader CJ <a href="https://x.com/CJ900X/status/1944824034258272587">noted</a> that while Bitcoin has pushed higher, a retrace remains likely. He anticipates a potential sweep of equal lows into demand before the next major leg up. 



For intraday trades, CJ is focusing only on high-quality setups, preferring a wick up first, followed by a liquidity sweep targeting the daily imbalance between $112,000–$115,000, ideally capping around $113,000. 



His next major upside target stands at $129,300.



Michael van de Poppe echoed a cautious tone, observing that Bitcoin's current daily candle isn't inspiring confidence. Despite this short-term weakness, he emphasized that volatility is building, and the macro trend remains bullish.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> isn&#39;t making a great daily candle. Volatility is incoming, but big story: trend is up. <a href="https://t.co/H7SDncka9G">pic.twitter.com/H7SDncka9G</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1944824026058145897?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1944795021770924207">flagged</a> $118,700 as a critical support level. A drop to that point could trigger over $40 million in liquidations, potentially causing a sharp reaction. It&#8217;s a level to watch closely for intraday volatility.



Adding historical perspective, crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1944718262341697984">noted</a> that the last two Bitcoin cycles each lasted exactly 1,064 days. The current cycle is 966 days in, meaning roughly 100 days could be left before either a euphoric blow-off top, or a sharp correction. "Time to make it count, or are we entering an up-only supercycle?" Jelle mused.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46394828/bitcoin-eth-xrp-solana-are-in-for-a-long-and-exhausting-bull-market-bernstein-predicts">Bitcoin, ETH, XRP, Solana Are In For A &#8216;Long And Exhausting Bull Market,&#8217; Bernstein Predicts</a></li>
</ul>

Bitcoin, Ethereum, XRP Hold Gains But 'Volatility Is Incoming'

Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) on Monday announced it has added another 4,225 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to its already dominant crypto treasury, spending approximately $472.5 million at an <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46397477/bitcoins-123k-boom-meets-crypto-week-blastoff-moment-for-microstrategy-marathon-digital">average price of $111,827 per coin</a>.



The purchase was disclosed Monday morning in a Form 8-K <a href="https://assets.contentstack.io/v3/assets/bltf8d808d9b8cebd37/blt4cc1a0ae496ac9e3/68747439e8921d53d6fa6b41/form-8-k_07-14-2025.pdf">filing</a> with the U.S. Securities and Exchange Commission.



The acquisition pushes Strategy's total holdings to 601,550 BTC, acquired for roughly $42.87 billion at an average price of $71,268 per Bitcoin. 



The announcement comes amid Bitcoin's recent surge past $122,000, underscoring Strategy's aggressive buy-the-dip approach that now spans across more than three years and multiple bull-bear cycles.



What makes this purchase noteworthy isn't just the size, but the source of the funds: Strategy financed the latest acquisition using proceeds from four concurrent at-the-market (ATM) equity offerings, including its common stock and three series of preferred shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRK#NASDAQ">STRK</a>), (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRF#NASDAQ">STRF</a>) and (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRD#NASDAQ">STRD</a>).



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46394828/bitcoin-eth-xrp-solana-are-in-for-a-long-and-exhausting-bull-market-bernstein-predicts">Bitcoin, ETH, XRP, Solana Are In For A &#8216;Long And Exhausting Bull Market,&#8217; Bernstein Predicts</a>



Over the same week, the company raised more than $472 million through those offerings, converting equity capital directly into Bitcoin with little delay.



The company's strategy, blending traditional capital markets with direct Bitcoin accumulation, continues to test conventional corporate treasury management. 



While the firm has become a proxy for institutional Bitcoin exposure on Wall Street, its risk posture remains polarizing. 



Critics warn of overexposure and limited liquidity, while supporters view the firm as an early archetype for how public companies can integrate digital assets into their balance sheets at scale.



Strategy's public dashboard indicates the company has now purchased more than 13,000 BTC in July alone, suggesting that the current accumulation cycle is far from over, even as Bitcoin trades at all-time highs.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46392541/how-donald-trumps-big-beautiful-bill-was-a-big-beautiful-boost-for-bitcoin">How Donald Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Was A &#8216;Big Beautiful Boost&#8217; For Bitcoin</a></li>
</ul>



Image: Shutterstock

Strategy Adds $472 Million In Bitcoin, Ups Total Holdings To Over 600,000 BTC

Pudgy Penguins (CRYPTO: PENGU) has surged more than 90% in a week as bullish momentum builds around strong fundamentals, brand utility, <a href="https://www.benzinga.com/25/04/45046221/pudgy-penguins-coin-pengu-outperforms-dogecoin-shiba-inu-with-123-weekly-gain">and regulatory developments.</a>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>Pudgy Penguins</td><td>(CRYPTO: PENGU)</td><td>$0.02837</td><td>&nbsp;$1.78 billion</td><td>+94%&nbsp;</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2003</td><td>&nbsp;$30.07 billion</td><td>+19.3%</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001343</td><td>&nbsp;$7.91 billion</td><td>+16.1%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Bluntz Capital <a href="https://x.com/Bluntz_Capital/status/1944731100787417261">said</a> PENGU is showing leadership in the meme coin sector, currently riding anuptrend on the daily chart. 



The token is approaching a retest of its previous all-time highs, and a breakout could occur soon. 



With strong mainstream (&#8220;normie&#8221;) appeal and having launched during a meme bear market, it has yet to experience true price discovery.



Crypto chart analyst Ali Marinez <a href="https://x.com/ali_charts/status/1944539085378330924">drew</a> parallels between PENGU and PEPE but emphasized a key differentiator: PENGU has real-world traction. 



Backed by a brand with over $13 million in toy sales at Walmart and Target, Pudgy Penguins boasts strong IP, a growing ecosystem, and royalty-sharing for NFT holders.



With a spot ETF now filed, PENGU looks fundamentally strong and still early in its growth cycle.



Degengambleeh <a href="https://x.com/degengambleh/status/1944698902709465542">added</a> that PENGU's reclaim of key resistance levels isn't just a bullish sign for holders, but a signal for the broader crypto space. 



With clear skies until $0.05, PENGU could represent the next phase of meme-driven adoption powered by narrative, culture, and utility.



Statistics: Pudgy Penguins NFT <a href="https://nftpricefloor.com/pudgy-penguins">reported</a> an expansion of 15.5% in its volume and 3.1% growth in sales. The average sale grew 12%. The price of Pudgy Penguin NFTs spiked from 9 ETH to 11.58 ETH in a week.



The price spike coincided with Coinbase <a href="https://x.com/coinbase/status/1943715559209590821?ref_src=twsrc%5Etfw">changing</a> its X profile picture to a Pudgy Penguin NFT, posting "new pfp, who dis." Other firms including VanEck, MoonPay, and AwakenTax followed suit, reinforcing community strength and meme power.



Community News: The SEC has acknowledged Canary Capital's filing for the Canary PENGU ETF. 



On July 9, the Cboe BZX Exchange submitted a proposal to list and trade shares of the fund, bringing PENGU one step closer to becoming the first meme coin ETF built around an NFT-native brand.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/25/07/46315623/anthony-scaramucci-once-slammed-dogecoin-other-memecoins-as-distraction-from-the-purity-of-bitcoin-this-is-the-stuff-that-would-aggravate-warren-buffett">Anthony Scaramucci Once Slammed Dogecoin, Other Memecoins As &#8216;Distraction&#8217; From The Purity Of Bitcoin — This Is The Stuff That Would Aggravate Warren Buffett</a></li>
</ul>



Image: Shutterstock

Pudgy Penguins Coin PENGU Leaps Past Dogecoin, Shiba Inu, Pepe With 93% Weekly Gain

What is blockchain storage and why should cryptocurrency investors care? In layman's terms, it's a decentralized version of the traditional web's cloud services. Mostly used by developers rather than retail customers, the blockchain storage space is another segment of the Web3 investor universe that issues cryptocurrencies to investors who want to try their luck betting on the future of another digital assets growth story.



This month, Nubit (NB) raised $12 million with the bulk coming from Polychain Capital. Nubit builds decentralized cloud storage for blockchain AI models. They were the only notable storage investment from venture capital (VC) in the first quarter, but demand for decentralized storage infrastructure, especially in areas like AI, decentralized finance (DeFi), and data indexing is expected to grow by a compound annual growth rate of 22.4% over the next decade, <a href="https://www.gminsights.com/industry-analysis/decentralized-storage-market?utm">according</a> to business intelligence firm Growth Insights.



If Web3 is going to grow, blockchain storage is going to have to grow right along with it.



"Decentralized data storage serves the purpose of self-sovereign data owned by the users with strong availability, without relying on a single centralized entity," said Kenneth Shek, Project Lead of the newly launched Moca Network (MOCA).



Decentralized data storage ensures that data are available, interoperable, and verifiable by any apps, based on the users' own selective disclosure, with privacy further enhanced cryptographically making it very different from traditional clouds like AWS. Moca Chain's storage and privacy solution testnet is scheduled to launch only in the third quarter of this year. The token is currently only available for retail investors on the KuCoin (<a href="https://www.benzinga.com/quote/KCS-USD">KCS</a>) exchange.



"We have already seen the largest funds in the world actively searching for and investing here," Shek said. "As large mass data starts to be commoditized, private and verifiable data will become increasingly valuable."&nbsp; As will the companies that can provide that service and the backbone to making those services available.



<h2 class="wp-block-heading">Blockchain Storage: Web3&#8217;s &#8220;Cloud&#8221;</h2>



Blockchain storage is a decentralized way to store digital data across a distributed network of computers (or "nodes"), rather than using centralized servers like those owned by Amazon (AWS), Google, or Microsoft.&nbsp;



Blockchain storage serves a similar purpose —letting users save, retrieve, and share files—but with some major differences. Traditional cloud providers control the servers, access, and policies of how to use them, while blockchain storage relies on smart contracts and token incentives to store and verify data across multiple independent nodes. This makes it more censorship-resistant, harder to tamper with, and aligned with crypto universes values decentralization. Because these systems are still being built out, they are usually slower than traditional cloud storage and primarily only for people developing programs on blockchains.



Even cryptocurrency accounts held by retail investors are not plugged into "Web3 cloud" systems. Some exchanges, like <a href="https://www.benzinga.com/quote/GMX-USD">GMX</a>, use blockchain storage solutions for back end analytics not available to retail clients.



<img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcCfWoK8q1BcOJiqW1qLmczOkp05qqc--X4C2i6bBNYTmi5G2tM0ZlVhdhRpfbQXGD_fP1NxPsL9czirwWwPrOYkdh4YzkOi0cJWXJ5ImbVFBGATxz6pCmc2FELGhlor4NhDOAzaA?key=wk2HqGq_BSQZts0lwGAf-g">



image created by author



The main market for blockchain storage solutions include:



<ul class="wp-block-list">
<li>NFT marketplaces storing metadata and artwork off-chain</li>



<li>DeFi and DAO platforms needing tamper-proof archives</li>



<li>Web3 social platforms (such as Lens Protocol on Polygon) storing posts or identity data</li>



<li>Some cryptocurrency wallets will use blockchain storage to store history or AI-generated content.</li>
</ul>



Mainstream users don't typically interact with these systems directly, but may use blockchain storage unknowingly—such as when owning an NFT hosted on Arweave (<a href="https://www.benzinga.com/quote/AR-USD">AR</a>), a big blockchain data storage protocol.



<h2 class="wp-block-heading">Who Are the Biggest Players, and What&#8217;s Next?</h2>



Investors who like the blockchain storage story are likely owners of Arweave and Filecoin (<a href="https://www.benzinga.com/quote/FIL-USD">FIL</a>). But there are others, including indirect investments in start ups that offer solutions the blockchain storage protocols need.



Space and Time (SXT) is one of them. They currently offer investors 7.9% yield for staking. Coinbase, Kraken and Binance, among others, offer this token on their exchange.



"We are primarily a compute network rather than a storage network, even though we store data in a decentralized manner," said Scott Dykstra, Co-Founder of Space and Time. The California-based company works with Microsoft Azure and Azure OpenAI Service in the traditional internet markets and with Chainlink (<a href="https://www.benzinga.com/quote/LINK-USD">LINK</a>) and Polygon Lab (<a href="https://www.benzinga.com/quote/MATIC-USD">MATIC</a>) in the blockchain space. Unlike predecessors who focused mainly on storage and struggled to integrate compute power, Space and Time has focused on verifiable compute, with storage being a necessary component to their business.



"Verifiable compute" is when a platform performs a computation on a blockchain —such as a basic structured query language (SQL queries) request that tells a database what data you want – they can cryptographically prove the result is correct without needing the user to trust the server that ran the calculation.



"Decentralized storage is important, but the real power behind them lies in running zero knowledge-proven computations over that data in order to deliver trustless, real-time insights to smart contracts," Dykstra said.



Like the traditional cloud, decentralized storage keeps the data safe and readily accessible. But that's not enough on its own. In blockchain ecosystems (like decentralized finance services and blockchain gaming), users need real-time decisions, including basic things like who won the game; or did this crypto wallet really make that trade; or what is the moving average of token trades in the last hour?



If a user can run computations on that stored data, and use zero-knowledge proofs to guarantee the result is correct, the user has now enabled trustless automation like using a credit card or a PIN-accessed ATM machine, which is what smart contracts need to actually act on.



Dykstra said investors should also look at Hyperliquid (HYPE) and ZKsync (ZK) as a potential blockchain storage play. ZK is offered on Coinbase and Kraken and Hyperliquid is mostly held by investors on the Hyperliquid exchange.



"I think Hyperliquid's building a great exchange, and ZKsync has arguably built some of the best rollup tech in the space," Dykstra said.&nbsp;



Storage platforms are increasingly being used in AI, data indexing, decentralized publishing, and blockchain scalability (e.g., data availability layers). The future likely holds more crossover with enterprise tech, particularly as token-based incentives prove more efficient for long-term or trustless storage.



Despite the VC deals mentioned earlier, the market for blockchain<a href="https://www.benzinga.com/content/45184025/crypto-venture-funding-surges-to-4-9b-in-q1-2025-highest-since-2022"> remains challenging</a> as VC firms seem more focused on AI, and not necessarily blockchain-related AI.



Excluding a large <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44281794/binance-secures-2-billion-investment-from-abu-dhabi-mgx">Binance funding round this year</a>, the first quarter crypto funding total ended up between $1.8–2 billion, a decline from Q1 2024. Deal count was less than half of that same quarter last year.



"We were fortunate to raise capital at a favorable time in early 2022," Dykstra said. "Getting Microsoft's venture fund backing us through the bear market gave a huge boost to our momentum."

Nubit's $12M Funding Should Reinforce Investor Confidence in Blockchain Storage

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) blasted through <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">$123,000 on Monday</a> — just as Capitol Hill kicks off Crypto Week, a rare bipartisan push to pass sweeping digital asset legislation. With the Clarity Act and stablecoin oversight bills set for a vote, investors are eyeing what could be a regulatory green light for serious institutional capital to flood into the space.



And the biggest beneficiaries? Not just Bitcoin itself, but Bitcoin proxies such as Strategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and miners like MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>).



Read Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46392541/how-donald-trumps-big-beautiful-bill-was-a-big-beautiful-boost-for-bitcoin">How Donald Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Was A &#8216;Big Beautiful Boost&#8217; For Bitcoin</a>



<h2 class="wp-block-heading">Miners Could Rocket On Clarity And Short Squeezes</h2>



As of June 30, MARA held 49,940 BTC, yet the stock still carries a massive 26% short interest. If Bitcoin&#8217;s momentum continues and regulation gives Wall Street the green light, MARA could be primed for a short squeeze-fueled breakout. 



Other mining names like Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) are also poised to benefit from rising Bitcoin prices, especially as institutional traders pile into regulated vehicles like BlackRock's iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).



The risk? 



Post-halving profitability remains tight for miners. Power costs and potential tariff-driven input inflation could compress margins just as demand spikes. But with Bitcoin hitting all-time highs and regulatory clarity emerging, the market may overlook these near-term headwinds in favor of momentum — and FOMO.



<h2 class="wp-block-heading">Strategy's Bitcoin Bet Looks Brilliant — Or Leveraged</h2>



Then there's Strategy, which now holds a staggering 597,325 BTC, valued near $73.5 billion. With Bitcoin's breakout, Michael Saylor's all-in strategy looks vindicated — on paper. But Strategy remains a high-beta play, heavily exposed to Bitcoin price swings and carrying leverage risk. Still, with the stock often moving multiples of Bitcoin's gains, the upside in a regulatory tailwind scenario is hard to ignore.



Social media chatter hints at a potential $2-3 trillion wave of institutional capital waiting for clear rules. If Crypto Week delivers even modest progress, it could set off a moonshot for miners and Bitcoin-heavy stocks.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46394828/bitcoin-eth-xrp-solana-are-in-for-a-long-and-exhausting-bull-market-bernstein-predicts">Bitcoin, ETH, XRP, Solana Are In For A &#8216;Long And Exhausting Bull Market,&#8217; Bernstein Predicts</a></li>
</ul>



Photo: Shutterstock

Bitcoin's $123K Boom Meets Crypto Week: Blastoff Moment For MicroStrategy, Marathon Digital?

<a href="https://www.benzinga.com/fintech">Fintech firms</a> are likely to report "solid" results for the second quarter, while projecting accelerated sequential revenue growth for the third quarter, according to Seaport Research Partners.



<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596cbbbf988ca80001cea513/jeff-cantwell">Analyst Jeff Cantwell</a> said in the note that risks to revenues and earnings from tariff-related impacts "have faded somewhat since last quarter."



Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.



Mastercard: Cantwell upgraded the rating for Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) from Neutral to Buy, with a price target of $616. Mastercard's growth should remain strong in 2025 and 2026, with double-digit revenue and earnings growth, the analyst stated. The concerns around stablecoin-related "disintermediation risks" appear overblown and the recent pullback in the stock creates a buying opportunity, he added. The Purchase, New York-based firm is likely to "create new growth opportunities in crypto via partnering," while agentic commerce could become another new source of revenue.



PayPal: The analyst upgraded the rating for PayPal Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from Sell to Neutral. Despite the tariff impact, PayPal is likely to generate 8%-10% checkout growth, Cantwell said. The company has indicated that the potential impacts from tariffs are manageable, particularly in markets like China. "We also like some of PayPal&#8217;s recent moves operationally, particularly with Venmo and also stablecoins (PYUSD) — we expect these to be incremental to PayPal&#8217;s growth over time," the analyst further wrote.



Price Action: Shares of Mastercard had risen by 1.05% to $555.95, while PayPal's shares had climbed by 3.31% to $73.72 at the time of publication on Monday.



Read More: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46377201/fintech-stocks-slip-as-jpmorgan-plans-data-access-fees-but-affirm-defies-the-trend">Fintech Stocks Slip As JPMorgan Plans Data Access Fees, But Affirm Defies The Trend</a></li>
</ul>

Fears Over Crypto Disruption Are Overblown, Analyst Says: Mastercard, PayPal Score Upgrades Ahead Of Q2 Results

Research firm Bernstein expects the ongoing rally in cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) to evolve into a "long and exhausting bull market." 



It will be driven not by retail speculation, but by deep structural trends — institutional adoption, regulatory clarity, and the emergence of a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">fully on-chain financial system.</a>



What Happened: In a new memo to clients on Monday, analysts argue that the market has transitioned from hype cycles to a more durable transformation of finance.



Bernstein is forecasting a prolonged and transformative crypto bull market, underpinned by institutional adoption and a maturing regulatory framework. 



In its latest research note, the firm states its conviction in blockchain and digital assets "has never been higher," adding that the current cycle departs from previous hype-driven phases by being led almost entirely by institutions, with retail interest still lagging.



The firm emphasizes that this bull run is unlikely to follow the typical four-year Bitcoin halving cycle. 



Instead, it expects a "structural" growth phase marked by the on-chain movement of financial assets, beginning with stablecoins, and the eventual emergence of an internet-native financial system. 



At the center of this transition are public blockchains like Ethereum and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which Bernstein sees as forming the core global economic infrastructure for programmable settlement and tokenized finance.



Bernstein projects that stablecoins, currently a $230 billion market, will drive mass adoption of on-chain payments, especially in the business-to-business and global remittance sectors. 



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46374193/ethereum-xrp-solana-no-youll-find-exponential-altseason-returns-in-lesser-known-coins-experts-say">Ethereum? XRP? Solana? No, You&#8217;ll Find Exponential Altseason Returns In Lesser-Known Coins, Experts Say</a>



With the GENIUS and CLARITY Acts expected to pass in the U.S., regulated players like Circle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) are positioned to anchor a reshored crypto trading and settlement environment. 



Bernstein expects U.S. market share of global crypto trading to grow from 10% to 13%, supported by new onshore crypto derivatives markets.



Why It Matters: The asset management industry is also undergoing a fundamental shift.



Bitcoin and Ethereum ETFs now command nearly $164 billion in assets under management, with BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) alone generating more revenue than any other ETF under the asset manager's umbrella. 



The report sees this as an early signal of sustained institutional interest and forecasts the next phase of active crypto asset management to include top 5, 20, and 50 token baskets, especially once token securities become fully defined under U.S. law.



Tokenization of financial assets is another key theme in the report. 



Bernstein argues that tokenizing equities, deposits, and debt can enable instant settlement, reduce operational inefficiencies, and offer continuous access to global financial markets. 



It sees Robinhood's launch of tokenized U.S. equities for European users as a preview of things to come, noting that both Robinhood and Coinbase are investing in blockchain infrastructure to support future capital markets built entirely on-chain.



Bernstein concludes that what's emerging is a reflexive loop: as blockchain applications gain real-world utility, they attract institutional flows, which in turn reinforce the value proposition of blockchain-native assets like ETH and SOL.



The firm expects Bitcoin to reach $200,000 by year-end, $500,000 by 2029, and $1 million by 2033.



Despite widespread skepticism, Bernstein insists this is no ordinary cycle. 



"You may call us ‘Believers,'" the report notes, "but we suspect, we may have crossed the ‘belief' stage." 



With on-ground adoption underway and regulatory scaffolding solidifying, the firm urges investors to rethink comparisons to earlier crypto rallies.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46373699/bitcoins-all-time-high-break-means-volatility-could-soon-return-report">Bitcoin&#8217;s All-Time High Break Means Volatility Could Soon Return: Report</a></li>
</ul>



Image: Shutterstock

Bitcoin, ETH, XRP, Solana Are In For A 'Long And Exhausting Bull Market,' Bernstein Predicts

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) are surging on the coattails of Bitcoin making new all-time highs, with bullish sentiment pointing to an extension of the <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">meme coin rally.</a>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2044</td><td>$30.7 billion</td><td>+20%</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001368</td><td>$8.06 billion</td><td>+16.8%&nbsp;</td></tr><tr><td>Pepe</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.00001261</td><td>$5.3 billion</td><td>+27%</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks pointed out that Shiba Inu has broken above a critical resistance trend, with a bullish breakout target of $0.000081 implying a potential 500% upside from current levels.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> (Shiba Inu)&#39;s breakout TARGET AT $0.000081 is being MAINTAINED. We project a more than 500% upside to reach it in response to the pictured resisting trend break! <a href="https://t.co/tTEkAiGbPu">https://t.co/tTEkAiGbPu</a> <a href="https://t.co/x6PvBCBSoS">pic.twitter.com/x6PvBCBSoS</a>&mdash; JAVON&#x26a1;&#xFE0F;MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1944123074607296738?ref_src=twsrc%5Etfw">July 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1944751988970774862">sees</a> Dogecoin moving to $0.25 as the next major step. 



He noted DOGE is currently trading within a well-defined channel and has just bounced from the bottom, suggesting an incoming surge if buying pressure increases.



Statistics: Bitinfocharts shows Dogecoin's addresses holding 0.1 to 1 DOGE increasing from 767,640 to 771,133, while addresses holding 0 to 0.1 DOGE expanded from 2,716,605 to 2,816,376 in a week. 



Combined, these wallets now account for nearly 45% of all addresses, reflecting growing retail engagement.



On Polymarket, the probability of a DOGE ETF approval in 2025 jumped to 74%, up from just 59% one month ago. This rise in confidence adds fuel to the narrative of DOGE's growing institutional appeal.



Shibariumscan data shows daily transactions spiked from 4.1 million to 4.59 million in a single day. 



IntoTheBlock data shows Shiba Inu large transaction volume surged 267.2% while daily active addresses 14.8% in a single day. 



Transactions greater than $100,000 increased from 36 to 48 during the same period.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46367729/shiba-inu-skyrockets-9-the-real-rally-is-about-to-begin-analysts-say">Shiba Inu Skyrockets 9%: The &#8216;Real Rally&#8217; Is About To Begin, Analysts Say</a></li>
</ul>



Image: Shutterstock

Dogecoin Soars 21%, Shiba Inu Skyrockets 17% In 7 Days: Are Meme Coins Back?

Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) breakout is not a speculative cycle but <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">a macroeconomic repricing event</a>, triggered by a "$7 trillion shock" to U.S. fiscal stability, according to a new report.



What Happened: The passage of Trump's &#8220;One Big Beautiful Bill Act&#8221; (OBBBA), which added up to $5 trillion to the debt ceiling, has set off a wave of capital rotation into hard assets like Bitcoin and gold, analysts at 10x Research have concluded.



10x's model flipped bullish as early as July 2, shortly before Bitcoin broke through the $100,000 resistance. 



Since then, the move has accelerated alongside mounting pressure on the Fed to cut rates, record-breaking daily inflows into Bitcoin ETFs, and new all-time highs in institutional inflows. 



The report points out that Bitcoin is no longer being driven by Web3 narratives or technological hype—it&#8217;s becoming a hedge against runaway deficit spending.



Also Read: <a href="https://www.benzinga.com/markets/25/07/46375324/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a>



&#8220;Even Musk has been blindsided," the report notes, referencing his retreat from DOGE and vocal criticism of the fiscal plan he once supported. 



With the national debt ceiling now raised to $41.1 trillion and the deficit growing by billions each day, 10x warns that the U.S. economy is becoming "more leveraged with debt than ever before."



What&#8217;s Next: With key catalysts looming on July 22 (Trump's crypto task force report) and July 30 (FOMC decision), Bitcoin may soon face more volatility.



But 10x concludes that the long-term trajectory is clear: &#8220;The rocket has launched, and there are no plans of coming back down.&#8221;



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46388685/bitcoin-shatters-all-time-high-to-hit-123000-as-ethereum-cracks-3000-and-xrp-taps-3">Bitcoin Shatters All-Time High To Hit $123,000 As Ethereum Cracks $3,000 And XRP Taps $3</a><span class="author" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246/0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;"></li>
</ul>

How Donald Trump's 'Big Beautiful Bill' Was A 'Big Beautiful Boost' For Bitcoin

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-1024x585.jpeg" alt="" class="wp-image-15741" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-1024x585.jpeg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-300x172.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02-768x439.jpeg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/07/14091029/AI_image_MS_Designer_DeFi_TradFi_bridge_02.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



A new unified cloud platform promises to accelerate crypto's app era, dramatically expanding what's possible in decentralized finance (DeFi).



Eigencloud — backed by a $70 investment from Andreesen Horowitz — offers something novel: an Ethereum development infrastructure that makes ‘virtually anything verifiable on-chain.' Just as AWS once unleashed SaaS and the cloud economy, Eigencloud's arrival potentially unlocks a huge array of DeFi use cases.



By blending Web2 flexibility with Web3 verifiability, the aim is to help dApp developers get over their trust issues. The question is: can it really work and scale?



<h1 class="wp-block-heading">The final bridge between FinTech and&nbsp;DeFi?</h1>



Eigen Labs CEO Sreeram Kannan said EigenCloud "will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build on-chain and what blockchains allow them to build."



By expanding the programmability of crypto, Kannan says Eigencloud could make "virtually anything" verifiable on-chain, opening the door to dApp opportunities like fully on-chain gaming, on-chain insurance, more powerful prediction markets, and even "verifiable" AI.



In an echo of how AWS changed the startup economy, EigenCloud aims to spur dApp innovation by allowing developers to access technical services without staking loads of native tokens.



It slashes startup costs and gives new projects the flexibility to use mainstream assets like Ethereum (ETH) and reduce dependence on token issuance.



It seems very similar to the period in the mid-2000s&nbsp;when AWS launched, and server costs began to fall.



<h1 class="wp-block-heading">Trust is the missing&nbsp;link</h1>



EigenCloud's unique selling proposition is based on the&nbsp;<a href="https://www.researchgate.net/publication/373487888_State_of_the_Art_Report_Verified_Computation" rel="noreferrer noopener" target="_blank">verifiable compute</a>&nbsp;thesis, where heavier computing operations can be outsourced from one machine to another for efficiency. It adds mechanisms to ensure trust, for example, verifying that the outsourced machine sends back a complete and error-free result.



To that end, EigenCloud embeds two new primitives, EigenCompute and EigenVerify.



EigenCompute gives developers a container-based environment that removes some of the operational complexity from setting up the external operators. Similar to serverless platforms like AWS Lambda, developers can use it to create custom logic with fewer steps. EigenCloud handles the trust coordination and execution.



EigenVerify introduces a new verification-as-a-service model. Developers can use its pre-built verification modules and write them directly into new dApps, removing the need to create new trust frameworks from scratch. This has the potential to shorten development timelines and accelerate time-to-market.



<h1 class="wp-block-heading">An AWS Model for the Decentralized Web</h1>



The thing that sets EigenCloud apart is its ability to offer verifiability for off-chain processes, mimicking what L1 chains can do on-chain. This gives developers more freedom to build Ethereum applications that use external data or other off-chain resources without compromising integrity.



Key to all of this are the platform's verifiable service composition and cross-chain support features. These enable Ethereum dApps to communicate with actively validated services (AVS), using APIs for things like payment or user authentication. EigenCloud says all three can operate across any L1 or L2, extending the capabilities of new applications.



Once again, the AWS cloud infrastructure analogy seems apropos. SaaS developers leverage AWS' pre-built solutions for storage, compute, and identity management, which can be easily added to new cloud applications. EigenCloud is aiming to bring the same kind of modular development tools to the blockchain.



AVSs, which undergo continuous validation to ensure their security, integrity, and efficiency, are crucial to verifiability.



EigenCloud allows them to be slotted into new dApps like Lego blocks. Rather than requiring each AVS to have its own custom interface, they can simply plug into a shared framework.



Standardization smoothes the way for developers and brings more reusable components into play.



<h1 class="wp-block-heading">The Take&nbsp;Away</h1>



When AWS launched in 2022, it was an interesting side project. Amazon engineers were complaining about the inordinate amount of time they were spending building and maintaining e-commerce infrastructure. ‘The cloud' hadn't even been coined as an industry term.



Today, AWS is the bedrock of the digital economy and a $107 billion cash cow for one of the world's biggest companies. Could Eigencloud follow a similar path?



Featured Image credit: Author

Crypto's Cloud Moment Is Here

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) has tapped $3 for the first time since January as renewed confidence in Ripple's expanding institutional utility and broader crypto market strength foreshadow new <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">potential all-time highs</a>.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td><td>Market Cap</td><td>7-Day Trend</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.94</td><td>&nbsp;$174.4 billion</td><td>+29.4%&nbsp;</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$121,836.22</td><td>&nbsp;$2.4 trillion</td><td>+12.3%</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,043.40</td><td>&nbsp;$367.4 billion</td><td>+19.3%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Pentoshi called XRP's weekly close "strong" and sees the potential for new all-time highs as early as this week. 



If price discovery fully engages, he believes a move toward $4 or higher is on the table.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> weekly close is in $3 and ath&#39;s on deck quite possibly this week. Do not see any reason to be bearish on this price discovery could even lead to $4+ but before we talk about that, lets see new ath first <a href="https://t.co/v96afDxuDx">https://t.co/v96afDxuDx</a> <a href="https://t.co/ofUx8dVpDr">pic.twitter.com/ofUx8dVpDr</a>&mdash; &#x1f427; Pentoshi (@Pentosh1) <a href="https://twitter.com/Pentosh1/status/1944560852264190090?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



DonAlt <a href="https://x.com/CryptoDonAlt/status/1944638834727072026">labeled</a> this as decision time, saying XRP is at a key inflection point. 



A successful breakout could lead to a significant upside run, while rejection here might cause a temporary pullback. 



Still, he notes momentum is with the bulls.



Statistics: Santiment <a href="https://x.com/santimentfeed/status/1943708549776879704">reported</a> the highest daily wallet creation (6,939 new addresses on July 11) since March 1. 



XRP also dominated online chatter, making up over 5.5% of all crypto-related discussions, the highest since March 18.



Coinglass data shows XRP open interest surged 12% to $8.3 billion — the highest since mid-January. 



Derivatives trading volume exploded by 64.6%, while liquidations hit $23.93 million, largely driven by shorts being wiped out.



Community News: ProShares XRP ETF is set to launch on July 18, following its <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php">listing on the DTCC</a> earlier this week. 



Pro-Ripple attorney John Deaton <a href="https://x.com/JohnEDeaton1/status/1944540744678584328">called</a> it a milestone for the 75,000 XRP holders who fought for regulatory clarity and recognition of XRP as not a security.



Remittix, a cross-chain payment network, has <a href="https://www.globenewswire.com/news-release/2025/07/14/3114607/0/en/Remittix-Announces-XRP-Compatible-On-Ramp-Solution-as-Part-of-Cross-Border-Payment-Expansion.html">added</a> XRP to its fiat on-ramp options, joining Bitcoin, Ethereum, Dogecoin, and Solana. 



This move highlights growing institutional and retail demand for low-fee, high-utility digital assets.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46372617/xrp-explodes-for-25-weekly-gain-is-a-giga-rally-imminent">XRP Explodes For 25% Weekly Gain: Is A &#8216;Giga Rally&#8217; Imminent?</a></li>
</ul>



Image: Shutterstock

XRP Surges 5% To Tap $3: How Soon Will It Hit All-Time Highs?

Cryptocurrency markets are off to a blazing start on Monday morning, with Bitcoin making a new all-time high above $123,000.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$121,812.36</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,070.88</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$167.48</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.99</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.2069</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001383</td></tr></tbody></table></figure>



Notable Statistics:



<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 14.7% and 7.9%, respectively. Daily active addresses dropped by 5.6% and 3.6%, respectively.</li>



<li>Coinglass data shows129,769 traders were liquidated in the past 24 hours for $750.05 million.</li>



<li>SoSoValue data shows net inflows of $1.03 billion into spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $204.8 million.</li>
</ul>



Trader Notes: CoinBureau co-founder Nic Puckrin <a href="https://x.com/nicrypto/status/1944645969556963392">highlighted</a> the importance of Bitcoin breaching a 7-year-long monthly resistance trendline, which acted as the ceiling in past bull markets dating back to 2018.



Rekt Capital <a href="https://x.com/rektcapital/status/1944697759107281211">says</a> a convincing breakout above $124,000 would open the floodgates for Bitcoin, triggering rapid price discovery with little resistance above.



Michael van de Poppe forecasts rising volatility, with sharp dips likely to be absorbed quickly. He believes the next major leg to $250,000 has begun, projecting $150,000 by Q3.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There we go. A massive impulse on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> as it&#39;s at $122K. What to expect? Volatility has been going up, so we will be having severe corrections which are going to be quickly bought up. The upwards move to $250K has started. $150K in Q3. <a href="https://t.co/ixSbObm24u">pic.twitter.com/ixSbObm24u</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1944669726828826928?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Cryptoinsightuk <a href="https://x.com/Cryptoinsightuk/status/1944688049851363545">explained</a> that a break above $3.00 for XRP could unlock a move to all-time highs and initiate price discovery. The current price action is pressing against the final major resistance.



Crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1944642366998012320">noted</a> Ethereum finally broke above the $2,800 resistance, flipping it into support. With momentum now shifting upward, the next key target is $4,000, as minimal resistance remains in that zone.



Jelle <a href="https://x.com/CryptoJelleNL/status/1944676843077964034">shared</a> a bold outlook, stating $600 is the long-term target for SOL, as the broader market rally gains traction.



Crypto trader CW pointed out that DOGE has broken its first sell wall and is approaching the next resistance zone between $0.24–$0.26, signaling further upside potential.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> is breaking the first sell wall. The next sell wall is $0.24-$0.26. <a href="https://t.co/jIc0qVwbDf">pic.twitter.com/jIc0qVwbDf</a>&mdash; CW (@CW8900) <a href="https://twitter.com/CW8900/status/1944638939899326683?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:



<ul class="wp-block-list">
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Image: Shutterstock

Why Are Bitcoin, Ethereum, XRP, Dogecoin Suddenly Skyrocketing?

DeFi Development Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFDV#NASDAQ">DFDV</a>) stock gained on Monday after it issued its first <a target="_blank" href="https://www.benzinga.com/topic/solana" rel="noreferrer noopener">forward-looking guidance</a> on Solana&nbsp;(CRYPTO: SOL/USD) per Share (SPS), the company&#8217;s primary performance metric.



DeFi Development outlined a medium-term objective of reaching 1.0 SPS by December 2028 and near-term guidance of 0.1650 SPS by June 2026, representing approximately 261% growth from Monday&#8217;s level of 0.0457.



As part of its ongoing accumulation strategy, the company also announced it had purchased an additional 10,758 SOL at an average price of $161.30.



Also Read: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/05/45217853/exclusive-defi-development-corp-expands-digital-asset-portfolio-holds-58-5-million-in-solana-tokens" rel="noreferrer noopener">DeFi Development Corp Expands Digital Asset Portfolio, Holds $58.5 Million In Solana Tokens</a>



On May 12, DeFi Development announced <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/05/45344230/exclusive-defi-development-makes-record-solana-purchase-surpasses-100-million-in-treasury-holdings" rel="noreferrer noopener">it had purchased</a> 172,670 SOL at an average purchase price of $136.81, valued at&nbsp;approximately $23.6 million.



This marks the company&#8217;s tenth Solana purchase under its digital asset treasury strategy and its largest purchase. DeFi Development held 595,988 SOL, valued at approximately $102.7 million then.



As of May 12, DeFi Development had 2.04 million total outstanding shares. The SPS was 0.293, or $50.42.



Price Action: DFDV stock traded higher by 3.49% to $28.20 premarket at the last check Monday.



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Photo by Lee Wa Da via Shutterstock

EXCLUSIVE: DeFi Development Issues First Outlook, Targets 1.0 SPS By 2028

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged to a fresh all-time high of $123,231 on Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on Monday morning, capping off a historic week that saw digital asset investment products record <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">$3.7 billion in inflows</a>.



This was the second-largest weekly total ever, according to CoinShares data, with the rally <a href="https://blog.coinshares.com/volume-242-digital-asset-fund-flows-weekly-report-4ad0c63a8def">pushing</a> total assets under management (AuM) for crypto exchange-traded products (ETPs) to a record $211 billion.



It also marked the 13th consecutive week of inflows, bringing year-to-date figures to $22.7 billion and underscoring growing investor appetite despite volatile macroeconomic conditions.



Bitcoin led the inflow charts, attracting $2.7 billion over the week. 



Its total AuM now stands at $179.5 billion, equivalent to 54% of the value held in gold ETPs for the first time. 



Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) followed with $990 million in inflows, its fourth-largest weekly tally and 12th consecutive week of positive flows. 



The inflows represent 19.5% of Ethereum's total AuM, nearly double Bitcoin's 9.8%.



Also Read: <a href="https://www.benzinga.com/markets/25/07/46375324/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a>



Ethereum's price responded in kind, rising 18% over the past week to trade above $3,000



Meanwhile, Ripple&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) rose 7% to $2.97, though it also saw the largest outflows of the week, totaling $104 million. Solana bucked the trend with $92.6 million in inflows.



Among the altcoins, Stellar (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xlm/usd">XLM</a>) was the standout performer, posting a 90% surge over the week as retail interest spiked amid broader market optimism.



Regionally, the United States dominated with $3.7 billion in inflows, while Germany recorded $85.7 million in outflows. 



Switzerland and Canada saw modest gains of $65.8 million and $17.1 million, respectively.



The growing momentum in digital asset products and Bitcoin's new all-time high suggest institutional capital is returning to the crypto markets with renewed confidence, buoyed by inflation hedging narratives and continued ETF adoption.



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Image: Shutterstock

Bitcoin Shatters All-Time High To Hit $123,000 As Ethereum Cracks $3,000 And XRP Taps $3

As regulators across the globe inch closer to standardized rules for stablecoins, crypto exchanges are adapting not just by complying, but by building smarter ecosystems. 



Volodymyr Nosov, founder and president of WhiteBIT Group, believes these changes are shaping how crypto is actually used — not just traded.



"Stablecoins are already a backbone of global crypto trading," Nosov told Benzinga, noting that over $200 billion in stablecoins circulate globally. "They've become essential for cross-border payments, especially in emerging markets where local currencies are volatile or capital controls are tight."



From the EU's MiCA to discussions in Latin America and Africa, stablecoins are being re-evaluated not as threats, but infrastructure. 



Nosov says regulation "will bring credibility and integration with traditional finance," a position echoed across the industry. 



But while stablecoins get the headlines, tokens like (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WBT</a>), the native asset of WhiteBIT, are quietly rewriting the script for sustainable token economics.



WBT reached an all-time high of $52.27 in June and has held support above $47 since. 



But Nosov insists this isn't speculative hype. 



"This isn't random — it&#8217;s driven by a combination of user demand, technical strength and deeper ecosystem integration," he said.



Also Read: <a href="https://www.benzinga.com/markets/25/07/46374478/bitcoin-sets-all-time-high-at-118-909-ethereum-xrp-surge-8-each">Bitcoin Sets All-Time High At $118,909, Ethereum, XRP Surge 8% Each</a>



Unlike many exchange tokens launched early as growth levers, WBT only entered the market after WhiteBIT's infrastructure was mature. 



"We didn't yet have enough products in our ecosystem or the necessary resources to scale," Nosov explained. "Launching a token should be a logical continuation of product development."



Today, WBT is tied into 12 products within the WhiteBIT ecosystem, from reduced trading fees to staking and loyalty rewards. 



The platform has also expanded its scope to include its own blockchain (Whitechain), a mining pool (WhitePool), and regional expansion strategies like the Juventus partnership in Europe.



This utility-first design, Nosov argues, creates durability in volatile markets. 



"Even in 2025's turbulent markets, we saw a 580% surge in daily active addresses. Whale accumulation is up," he said. "We're not just reacting to the market — we're shaping our own growth story."



On tokenomics, WhiteBIT maintains a capped supply of 400 million WBT, with half locked in treasury and released gradually. 



"We burn tokens regularly," Nosov noted, describing the design as "a deflationary model aligned with long-term value."



While WBT&#8217;s rise has coincided with stablecoin usage becoming more embedded in regional economies, Nosov believes the convergence of regulation, utility, and trust is where the industry is heading. 



"The world needs a transparent and controllable blockchain space — not to hide, but to understand how systems work, because people will live in that reality."



Read Next: • <a href="https://www.benzinga.com/markets/25/07/46375324/tom-lee-ethereum-not-solana-is-the-preferred-choice-for-jp-morgan-robinhood-circle-to-build-on">Tom Lee: Ethereum, Not Solana, Is The &#8216;Preferred Choice&#8217; For JP Morgan, Robinhood, Circle To Build On</a>







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