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The growing crypto push toward on-chain financial assets is drawing attention from institutional investors and analysts. According to a recent client note from Bitwise Asset Management, Ethereum (ETH), Solana (SOL), XRP, and Chainlink (LINK) may be among the most direct beneficiaries of the emerging tokenization narrative.

The report suggests that the surge in blockchain-based representations of stocks, bonds, and other real-world assets (RWAs) is no longer theoretical and could begin influencing crypto prices sooner than previously expected.

Bitwise’s Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen outlined this perspective in their latest analysis. They argue that while tokenization has long been considered a future trend, recent milestones suggest the infrastructure and momentum needed to support adoption are already materializing.

Tokenization Momentum: Crypto Firms and Institutional Backing

In the last month alone, Robinhood and crypto exchange Kraken have introduced tokenized stock trading platforms, built on crypto networks such as Arbitrum and Solana, respectively. Though currently limited to non-US users, Coinbase has also filed with the SEC to bring tokenized equities to the US market.

Simultaneously, financial institutions invested $135 million into the Canton Network, a Layer 1 blockchain built specifically for trading tokenized stocks and bonds. Participants in the round included Tradeweb, Citadel, Goldman Sachs, and DTCC, signaling institutional buy-in.

These advancements come amid regulatory support, as SEC Commissioner Paul Atkins labeled tokenization a significant innovation and suggested a pivot from punitive enforcement to proactive development. At the same time, real-world applications continue to emerge.

One of Latin America’s largest exchanges announced a $200 million tokenization initiative on the XRP Ledger, and Galaxy Digital warned tokenization could eventually impact traditional exchanges like the NYSE. Collectively, these moves point to a shift in how financial markets could operate going forward.

Ethereum, Solana, XRP, and Chainlink Positioned for the Trend

Bitwise’s report suggests that ETH, SOL, XRP, and LINK stand out as “clean” investment vehicles to gain exposure to the tokenization trend.

Ethereum’s role as the foundation for Arbitrum, Solana’s adoption by Kraken, the XRP Ledger’s use in real-world asset programs, and Chainlink’s role in connecting off-chain data to smart contracts make them logical candidates for long-term inclusion.

The note also emphasizes that diversifying across these crypto networks may be more effective than backing a single protocol. The analysts further referenced BlackRock CEO Larry Fink, who in his 2024 shareholder letter asserted that “every asset can be tokenized.”

With global stock and bond markets representing a combined $257 trillion, the total addressable market for tokenization is substantial.

The Bitwise analysts added that even modest adoption, 1% to 5% penetration, could translate into trillions of dollars flowing through blockchain ecosystems. Bitwise’s conclusion: the tokenization narrative, once considered speculative, may already be shaping the next major cycle in crypto markets.

Featured image created with DALL-E, Chart from TradingViewe

On-chain data shows the Bitcoin RHODL Ratio has reversed upwards recently, a potential sign that a cycle transition could now be underway.

Bitcoin RHODL Ratio Could Be Hinting At Cooling Market Speculation

In a new post on X, the on-chain analytics firm Glassnode has discussed the latest shift in the RHODL Ratio of Bitcoin. The Realized HODL (RHODL) Ratio is an indicator that measures the ratio between the Realized Cap of two given HODL wave bands.

The Realized Cap refers to an on-chain capitalization model that calculates BTC’s total value by assuming that the value of each token in circulation is equal to the spot price at which it was last transacted on the blockchain.

In short, what this metric tracks is the amount of capital that the investors as a whole have put into the cryptocurrency. Here, the Realized Cap of only specific segments of the market is of interest: two “HODL wave bands” or cohorts corresponding to the supply aged between 1 day and 3 months, and that between 6 months and 2 years.

Naturally, the former HODL wave band represents the coins that the investors have just purchased. Thus, its Realized Cap would signify the capital that has recently entered into the network. Similarly, the Realized Cap of the latter group would correspond to the capital stored in the hands of resolute individuals.

Given this, the RHODL Ratio for these HODL wave bands would tell us about how the capital stored in the two parts of the sector currently compares. Below is the chart shared by the analytics firm that shows the trend in this Bitcoin metric over the history of the digital asset.

As displayed in the above graph, the Bitcoin RHODL Ratio has been following an upwards trajectory recently, meaning that capital has been maturing from new hands to the veterans holding for more than six months.

Following the latest continuation of the trend, the metric has reached the highest level for the current cycle. “This signals a shift: more wealth is held by single cycle holders, while 1d–3m activity stays low,” notes Glassnode.

From the chart, it’s visible that this pattern was generally witnessed alongside transitions during past cycles. And not just any transitions, but those happening away from bull markets.

So far, the RHODL Ratio is still far below the peaks seen during the last few Bitcoin cycles, so it only remains to be seen whether the current rise in the indicator is truly the start of a long-term shift like those past ones, or if it’s a temporary deviation.

BTC Price

At the time of writing, Bitcoin is trading around $109,300, up more than 1.5% in the last week.

XRP’s spot trading volume on Upbit has surged dramatically in the past 24 hours to put the token at the top of South Korea’s crypto trading netflows. Data from CoinGlass shows that in just 24 hours, XRP trading activity on the exchange is currently at $269.22 million, with an unusually high $161.62 million recorded in a single hour. This spike stands out when compared to global exchanges like Binance, where net flows for XRP are negative over the same period.

Upbit  XRP Trading Volume Surpasses Global Exchanges

According to current data from CoinGlass’s XRP Spot Data Analysis, XRP’s spot trading volume on Upbit is currently at $269.22 million in the past 24 hours at the time of writing, making it the highest across all major global exchanges. For comparison, Binance, often the world’s most dominant exchange by volume, recorded $226.76 million, which is significantly lower than Upbit’s XRP activity. More importantly, data from CoinGlass shows that Binance trading volume is composed of outflows, which is a stark contrast to the inflows into Upbit.

Notably, the trading volume into Upbit includes an exceptional one-hour volume of $161.62 million, a level of activity that points to far more than routine retail trading. Investor and XRP supporter Chad Steingraber commented on the trend on the social media platform X, stating, “Something is definitely going on. The 1 Hour XRP Volume on Upbit is way too much for retail all of a sudden.” 

Given the nature of the transfers into Upbit, it is likely that they are primarily selloffs. Particularly, data from CoinGlass shows a negative net XRP inflow of $103.32 million to Upbit in the past 24 hours.

South Korean Crypto Traders Are Driving XRP Activity

The intensity of XRP trading in South Korea lines up with data about the country’s deep-rooted participation in the cryptocurrency market. According to a recent survey, a majority of South Koreans aged 20 to 60 have actively engaged in crypto trading. The survey points to a population that is digitally literate and willing to engage in crypto trading.

XRP, in particular, has maintained a unique appeal within South Korea’s trading landscape. It frequently tops the list of most traded cryptocurrencies on local exchanges like Upbit, often surpassing Bitcoin and Ethereum. According to data from CoinGecko, the XRP/KRW pair is currently the most traded pair on the Upbit crypto exchange, with a 12.21% share in the past 24 hours. 

The exceptional volume of XRP trading activity on South Korea’s Upbit exchange has always been recognized as a critical factor in the token’s price behavior. According to crypto analyst XForceGlobal, who shared his views on the social media platform X, South Korean investors have played a big role in propping up the XRP price in the past few months.

At the time of writing, XRP is trading at $2.33, up by 2.3% in the past 24 hours.

XRP’s spot trading volume on Upbit has surged dramatically in the past 24 hours to put the token at the top of South Korea’s crypto trading netflows. Data from CoinGlass shows that in just 24 hours, XRP trading activity on the exchange is currently at $269.22 million, with an unusually high $161.62 million recorded in a single hour. This spike stands out when compared to global exchanges like Binance, where net flows for XRP are negative over the same period.

Upbit  XRP Trading Volume Surpasses Global Exchanges

According to current data from CoinGlass’s XRP Spot Data Analysis, XRP’s spot trading volume on Upbit is currently at $269.22 million in the past 24 hours at the time of writing, making it the highest across all major global exchanges. For comparison, Binance, often the world’s most dominant exchange by volume, recorded $226.76 million, which is significantly lower than Upbit’s XRP activity. More importantly, data from CoinGlass shows that Binance trading volume is composed of outflows, which is a stark contrast to the inflows into Upbit.

Notably, the trading volume into Upbit includes an exceptional one-hour volume of $161.62 million, a level of activity that points to far more than routine retail trading. Investor and XRP supporter Chad Steingraber commented on the trend on the social media platform X, stating, “Something is definitely going on. The 1 Hour XRP Volume on Upbit is way too much for retail all of a sudden.” 

Given the nature of the transfers into Upbit, it is likely that they are primarily selloffs. Particularly, data from CoinGlass shows a negative net XRP inflow of $103.32 million to Upbit in the past 24 hours.

South Korean Crypto Traders Are Driving XRP Activity

The intensity of XRP trading in South Korea lines up with data about the country’s deep-rooted participation in the cryptocurrency market. According to a recent survey, a majority of South Koreans aged 20 to 60 have actively engaged in crypto trading. The survey points to a population that is digitally literate and willing to engage in crypto trading.

XRP, in particular, has maintained a unique appeal within South Korea’s trading landscape. It frequently tops the list of most traded cryptocurrencies on local exchanges like Upbit, often surpassing Bitcoin and Ethereum. According to data from CoinGecko, the XRP/KRW pair is currently the most traded pair on the Upbit crypto exchange, with a 12.21% share in the past 24 hours. 

The exceptional volume of XRP trading activity on South Korea’s Upbit exchange has always been recognized as a critical factor in the token’s price behavior. According to crypto analyst XForceGlobal, who shared his views on the social media platform X, South Korean investors have played a big role in propping up the XRP price in the past few months.

At the time of writing, XRP is trading at $2.33, up by 2.3% in the past 24 hours.

XRP is gaining bullish traction on the 4-hour chart and steadily climbing as buyers step in around key support zones. While the price is showing a series of higher lows, traders are watching the underlying structure to determine whether XRP can sustain this push and break out toward the next target.

Key Resistance in Sight: Can XRP Break Through?

The Crypto Bushman revealed on X that XRP price is trading above the 20-day and 50-day Exponential Moving Averages (EMAs), which is a signal of short-term bullish control. However, the structure is starting to look like the rising wedge, a pattern that is known for sharp breakdowns once momentum fades.

Momentum is already showing weakness, and the Moving Average Convergence Divergence (MACD) is beginning to flatten out. Volume is also drying up; the two red flags suggest that the push could be losing steam.

The $2.35 is the key resistance level, and if it can’t break above this level, the rally could roll over and retest the $2.25 zone, which could act as support, or it could be the start of a deeper correction. However, if bulls can push through the $2.35 with a volume surge, the price could rip toward the $2.50 mark in the leg up.

Crypto analyst Classy also stated that XRP is making a notable move on the daily chart, and printing its second consecutive green candle, which is a signal that buyer interest remains steady and resilient. 

Technical indicators continue to support XRP’s recovery, pointing to a breakout above the $2.33 and $2.47 levels last seen in May. Should the altcoin surpass this range, it could set the stage for a sustained rally toward new targets.

Holding Support Could Unlock $2.35 Retest.

TOM B also mentioned on X that the XRP 2-hour chart is showing a descending trendline that continues to act as resistance. The recent price action attempted to break above this trendline but faced rejection, pushing it into a short-term pullback phase.

The price is retreating downward and may retest the critical demand zone of $2.15 and $2.18, an area that has held as support, where buyers have stepped in to defend the price. If it holds again with wick rejection candles, it will signal buying interest and potential exhaustion of selling pressure.

The target of this bounce is the $2.34 to $2.35 range, where the descending trendline resistance awaits, and this level will be the next significant battleground for bulls and bears.

XRP is gaining bullish traction on the 4-hour chart and steadily climbing as buyers step in around key support zones. While the price is showing a series of higher lows, traders are watching the underlying structure to determine whether XRP can sustain this push and break out toward the next target.

Key Resistance in Sight: Can XRP Break Through?

The Crypto Bushman revealed on X that XRP price is trading above the 20-day and 50-day Exponential Moving Averages (EMAs), which is a signal of short-term bullish control. However, the structure is starting to look like the rising wedge, a pattern that is known for sharp breakdowns once momentum fades.

Momentum is already showing weakness, and the Moving Average Convergence Divergence (MACD) is beginning to flatten out. Volume is also drying up; the two red flags suggest that the push could be losing steam.

The $2.35 is the key resistance level, and if it can’t break above this level, the rally could roll over and retest the $2.25 zone, which could act as support, or it could be the start of a deeper correction. However, if bulls can push through the $2.35 with a volume surge, the price could rip toward the $2.50 mark in the leg up.

Crypto analyst Classy also stated that XRP is making a notable move on the daily chart, and printing its second consecutive green candle, which is a signal that buyer interest remains steady and resilient. 

Technical indicators continue to support XRP’s recovery, pointing to a breakout above the $2.33 and $2.47 levels last seen in May. Should the altcoin surpass this range, it could set the stage for a sustained rally toward new targets.

Holding Support Could Unlock $2.35 Retest.

TOM B also mentioned on X that the XRP 2-hour chart is showing a descending trendline that continues to act as resistance. The recent price action attempted to break above this trendline but faced rejection, pushing it into a short-term pullback phase.

The price is retreating downward and may retest the critical demand zone of $2.15 and $2.18, an area that has held as support, where buyers have stepped in to defend the price. If it holds again with wick rejection candles, it will signal buying interest and potential exhaustion of selling pressure.

The target of this bounce is the $2.34 to $2.35 range, where the descending trendline resistance awaits, and this level will be the next significant battleground for bulls and bears.

Dogecoin’s price appears to have flipped bullish as the popular dog-themed meme coin reclaims the $0.17 level that previously capped recent upside attempts. Meanwhile, multiple positive indicators are currently showing that DOGE upside prospects are strengthening, with key resistance levels in sight.

Dual Chart Pattern To Amplify Dogecoin’s Rally

With bullish market sentiment growing, Dogecoin has witnessed a brief bounce. A recent analysis from Trader Tardigrade, a technical analyst and investor, reveals that DOGE’s current structure is strong and a rally could be on the horizon.

DOGE’s chances of making a significant upward move are increasing as two crucial chart patterns emerge, suggesting that the meme-inspired cryptocurrency’s newfound upswing may continue. The first key chart pattern spotted on the 4-hour time frame was a Falling Wedge formation. A falling wedge formation is a chart pattern that usually indicates a possible reversal of a downward trend or a continuation of an upward trend.

Presently, the meme coin has broken out from this key chart setup. Such a move is considered a bullish signal as it suggests that a declining price is beginning to lose momentum and that buyers are starting to enter the market once again.

After breaking out of the falling wedge pattern, the chart shows that DOGE has persistently experienced sideways movements. However, this movement is confined to an Ascending Channel pattern. This bullish technical pattern reflects a robust upward trend in which the price continuously forms higher highs and higher lows.

As upside momentum is subtly building beneath the surface, this double crucial pattern serves as an indication that DOGE’s much-awaited rally might be about to start. Should Dogecoin retest the upper line of the channel, this move could bring the meme coin’s price back to a value of $0.19 in the upcoming days.

DOGE’s Preparing For A Surge To New Highs

After a period of downward trend and bearish pressure, Dogecoin’s short-term outlook seems remarkably bullish. Batman, a blockchain and crypto enthusiast, has outlined a trend on the DOGE’s chart that shows that a move toward a new all-time high is imminent.

The expert highlighted that many investors and traders appear to have neglected the meme coin leader due to its recent waning price action. However, this lack of interest has not stopped Dogecoin from amassing momentum for a potential breakout as it mirrors past cycle trends.

Despite the reduced attention, Batman noted that DOGE is quietly repeating the price action pattern it created in the 2016 cycle. According to the expert, DOGE is gearing up for a massive surge similar to the one seen in 2016 after breaking out of the pattern. Looking at the chart, Batman is confident that the meme coin’s price could rally to the $1 mark and beyond if the pattern precedes a similar upsurge.

Dogecoin’s price appears to have flipped bullish as the popular dog-themed meme coin reclaims the $0.17 level that previously capped recent upside attempts. Meanwhile, multiple positive indicators are currently showing that DOGE upside prospects are strengthening, with key resistance levels in sight.

Dual Chart Pattern To Amplify Dogecoin’s Rally

With bullish market sentiment growing, Dogecoin has witnessed a brief bounce. A recent analysis from Trader Tardigrade, a technical analyst and investor, reveals that DOGE’s current structure is strong and a rally could be on the horizon.

DOGE’s chances of making a significant upward move are increasing as two crucial chart patterns emerge, suggesting that the meme-inspired cryptocurrency’s newfound upswing may continue. The first key chart pattern spotted on the 4-hour time frame was a Falling Wedge formation. A falling wedge formation is a chart pattern that usually indicates a possible reversal of a downward trend or a continuation of an upward trend.

Presently, the meme coin has broken out from this key chart setup. Such a move is considered a bullish signal as it suggests that a declining price is beginning to lose momentum and that buyers are starting to enter the market once again.

After breaking out of the falling wedge pattern, the chart shows that DOGE has persistently experienced sideways movements. However, this movement is confined to an Ascending Channel pattern. This bullish technical pattern reflects a robust upward trend in which the price continuously forms higher highs and higher lows.

As upside momentum is subtly building beneath the surface, this double crucial pattern serves as an indication that DOGE’s much-awaited rally might be about to start. Should Dogecoin retest the upper line of the channel, this move could bring the meme coin’s price back to a value of $0.19 in the upcoming days.

DOGE’s Preparing For A Surge To New Highs

After a period of downward trend and bearish pressure, Dogecoin’s short-term outlook seems remarkably bullish. Batman, a blockchain and crypto enthusiast, has outlined a trend on the DOGE’s chart that shows that a move toward a new all-time high is imminent.

The expert highlighted that many investors and traders appear to have neglected the meme coin leader due to its recent waning price action. However, this lack of interest has not stopped Dogecoin from amassing momentum for a potential breakout as it mirrors past cycle trends.

Despite the reduced attention, Batman noted that DOGE is quietly repeating the price action pattern it created in the 2016 cycle. According to the expert, DOGE is gearing up for a massive surge similar to the one seen in 2016 after breaking out of the pattern. Looking at the chart, Batman is confident that the meme coin’s price could rally to the $1 mark and beyond if the pattern precedes a similar upsurge.

Institutions like BlackRock and Metaplanet continue to actively accumulate Bitcoin, providing a bullish outlook for the flagship crypto. BTC has, however, remained below its current all-time high (ATH) due to factors such as tariffs and selling pressure from old whales. 

BlackRock And Metaplanet Hit New Milestones With Bitcoin Accumulation

SosoValue data shows that BlackRock has officially surpassed the 700,000 BTC milestone and now holds $76.35 billion in assets under management (AuM). The asset manager’s Bitcoin holdings account for 3.5% of the crypto’s total supply of 21 million. BlackRock’s Bitcoin ETF is now way ahead of Saylor’s Strategy and the second-largest Bitcoin holder, behind Satoshi Nakamoto. 

BlackRock has achieved this milestone in less than two years since its Bitcoin ETF launched. Commenting on this milestone, Bloomberg analyst Eric Balchunas noted that the asset manager now holds 700,000 BTC and is 62% of the way toward surpassing Satoshi. The Bloomberg analyst added that IBIT has on average accumulated 40,000 BTC a month or 1,300 BTC a day. Based on this pace, the asset manager is on course to 1.2 million BTC in May 2026. 

Besides BlackRock, Metaplanet is another institution that is actively accumulating Bitcoin in record numbers. The company’s CEO, Simon Gerovich, announced that they have acquired 2,205 BTC for $238.7 million at $108,237 per bitcoin, achieving a BTC yield of 416.6% YTD. Metaplanet now holds 15,555 BTC, which it acquired for $1.54 billion at $99,307 per bitcoin. 

BitcoinTreasuries’ data shows that Metaplanet is now the fifth-largest Bitcoin treasury company, only behind Strategy, MARA, Twenty One Capital, and Riot platforms. Other companies like MARA Holdings, Semler Scientific, and ProCap BTC have also expanded their Bitcoin treasuries, highlighting the massive demand for the flagship crypto. 

Why The BTC Price Is Still Below ATH

Macro factors like the Trump tariffs continue to pose an obstacle to a new uptrend for the Bitcoin price. The US president recently sparked panic in the markets with his trade letters, which he sent to 14 countries, including Japan and South Korea, imposing a reciprocal tariff on them. These tariffs are set to take effect from August 1, and Trump has declared that he has no intention to extend the trade deadline again. 

The Bitcoin price dropped from its weekly high above $109,000 amid this development and is again at risk of reaching new weekly lows. The BTC price also looks to be facing selling pressure from old whales, which matches the buying pressure from these institutions. 

Bloomberg reported that early Bitcoin whales have sold over 500,000 BTC in the past year, which roughly matches the net inflows from the Bitcoin ETFs during the same period. One early Bitcoin whale also recently moved 80,000 BTC, raising concerns that they were looking to offload these coins. 

At the time of writing, the Bitcoin price is trading at around $108,600, up in the last 24 hours, according to data from CoinMarketCap.

Institutions like BlackRock and Metaplanet continue to actively accumulate Bitcoin, providing a bullish outlook for the flagship crypto. BTC has, however, remained below its current all-time high (ATH) due to factors such as tariffs and selling pressure from old whales. 

BlackRock And Metaplanet Hit New Milestones With Bitcoin Accumulation

SosoValue data shows that BlackRock has officially surpassed the 700,000 BTC milestone and now holds $76.35 billion in assets under management (AuM). The asset manager’s Bitcoin holdings account for 3.5% of the crypto’s total supply of 21 million. BlackRock’s Bitcoin ETF is now way ahead of Saylor’s Strategy and the second-largest Bitcoin holder, behind Satoshi Nakamoto. 

BlackRock has achieved this milestone in less than two years since its Bitcoin ETF launched. Commenting on this milestone, Bloomberg analyst Eric Balchunas noted that the asset manager now holds 700,000 BTC and is 62% of the way toward surpassing Satoshi. The Bloomberg analyst added that IBIT has on average accumulated 40,000 BTC a month or 1,300 BTC a day. Based on this pace, the asset manager is on course to 1.2 million BTC in May 2026. 

Besides BlackRock, Metaplanet is another institution that is actively accumulating Bitcoin in record numbers. The company’s CEO, Simon Gerovich, announced that they have acquired 2,205 BTC for $238.7 million at $108,237 per bitcoin, achieving a BTC yield of 416.6% YTD. Metaplanet now holds 15,555 BTC, which it acquired for $1.54 billion at $99,307 per bitcoin. 

BitcoinTreasuries’ data shows that Metaplanet is now the fifth-largest Bitcoin treasury company, only behind Strategy, MARA, Twenty One Capital, and Riot platforms. Other companies like MARA Holdings, Semler Scientific, and ProCap BTC have also expanded their Bitcoin treasuries, highlighting the massive demand for the flagship crypto. 

Why The BTC Price Is Still Below ATH

Macro factors like the Trump tariffs continue to pose an obstacle to a new uptrend for the Bitcoin price. The US president recently sparked panic in the markets with his trade letters, which he sent to 14 countries, including Japan and South Korea, imposing a reciprocal tariff on them. These tariffs are set to take effect from August 1, and Trump has declared that he has no intention to extend the trade deadline again. 

The Bitcoin price dropped from its weekly high above $109,000 amid this development and is again at risk of reaching new weekly lows. The BTC price also looks to be facing selling pressure from old whales, which matches the buying pressure from these institutions. 

Bloomberg reported that early Bitcoin whales have sold over 500,000 BTC in the past year, which roughly matches the net inflows from the Bitcoin ETFs during the same period. One early Bitcoin whale also recently moved 80,000 BTC, raising concerns that they were looking to offload these coins. 

At the time of writing, the Bitcoin price is trading at around $108,600, up in the last 24 hours, according to data from CoinMarketCap.

The Cardano Foundation has formally released Reeve, an open-source “ledger on the blockchain” that promises to transplant corporate finance and audit trails into an immutable on-chain environment. Announced yesterday, the enterprise-grade middleware is designed to sit between existing ERP suites and the Cardano blockchain, providing cryptographic guarantees for every journal entry without forcing firms to abandon their incumbent systems.

Cardano Foundation Releases Reeve

“Reeve enables businesses to improve transparency, simplify reporting, and build trust with verifiable financial data,” the Foundation wrote in its launch statement, framing the product as an answer to data-siloing and fraud risks that plague conventional platforms. It “doesn’t just record financial data; it forges an immutable and transparent ledger,” the same notice added, positioning the tool as a trust layer rather than a parallel bookkeeping stack.

Under the hood, Reeve—also referred to in its repositories as “Ledger on the Blockchain (LOB)”—is published under an Apache 2.0 licence and ships as a Spring-Modulith codebase. The architecture splits responsibilities across discrete Java modules: a reporting core, blockchain publisher and reader services, a NetSuite Altavia adapter, and a forthcoming notification gateway. By decoupling each function, Cardano engineers intend to make it simple for integration partners to graft additional ERP connectors or ESG-reporting extensions without touching consensus logic.

The technical rationale is spelled out directly in the project’s README: “The recording of transactions on-chain, immutable and tamper-proof, creates a verifiable trail of the financial activities and makes audits faster, less expensive and more reliable.” That audit focus aligns with Cardano’s earlier messaging; the Foundation’s 2024 Activity Report disclosed a “soft launch” of Reeve as part of its push toward operational resilience and real-world utility.

“We were pleased to soft launch Reeve, an enterprise-grade accounting function that enables organizations to enhance transparency and build trust through secure and verifiable financial data,” CEO Frederik Gregaard wrote in January.

The Cardano Foundation is soliciting pilot partners “ready to re-imagine their business processes with blockchain,” promising bespoke integration support in exchange for real-world feedback. Early cohorts are expected to include NGOs looking to bolster donor transparency, publicly listed corporations wrestling with ESG disclosures, and governmental bodies seeking to modernize procurement audits.

Reeve’s open-source release (tag 1.0.0 on GitHub) means developers can begin testing today, but the Foundation stresses that commercial roll-outs will proceed in controlled phases. If the pilots validate its cost-saving thesis—fewer reconciliations, instant evidence chains, automated attestation—the project could mark a rare crossover moment where enterprise finance moves from proof-of-concept to production blockchain.

At press time, ADA traded at $0.60.

The Cardano Foundation has formally released Reeve, an open-source “ledger on the blockchain” that promises to transplant corporate finance and audit trails into an immutable on-chain environment. Announced yesterday, the enterprise-grade middleware is designed to sit between existing ERP suites and the Cardano blockchain, providing cryptographic guarantees for every journal entry without forcing firms to abandon their incumbent systems.

Cardano Foundation Releases Reeve

“Reeve enables businesses to improve transparency, simplify reporting, and build trust with verifiable financial data,” the Foundation wrote in its launch statement, framing the product as an answer to data-siloing and fraud risks that plague conventional platforms. It “doesn’t just record financial data; it forges an immutable and transparent ledger,” the same notice added, positioning the tool as a trust layer rather than a parallel bookkeeping stack.

Under the hood, Reeve—also referred to in its repositories as “Ledger on the Blockchain (LOB)”—is published under an Apache 2.0 licence and ships as a Spring-Modulith codebase. The architecture splits responsibilities across discrete Java modules: a reporting core, blockchain publisher and reader services, a NetSuite Altavia adapter, and a forthcoming notification gateway. By decoupling each function, Cardano engineers intend to make it simple for integration partners to graft additional ERP connectors or ESG-reporting extensions without touching consensus logic.

The technical rationale is spelled out directly in the project’s README: “The recording of transactions on-chain, immutable and tamper-proof, creates a verifiable trail of the financial activities and makes audits faster, less expensive and more reliable.” That audit focus aligns with Cardano’s earlier messaging; the Foundation’s 2024 Activity Report disclosed a “soft launch” of Reeve as part of its push toward operational resilience and real-world utility.

“We were pleased to soft launch Reeve, an enterprise-grade accounting function that enables organizations to enhance transparency and build trust through secure and verifiable financial data,” CEO Frederik Gregaard wrote in January.

The Cardano Foundation is soliciting pilot partners “ready to re-imagine their business processes with blockchain,” promising bespoke integration support in exchange for real-world feedback. Early cohorts are expected to include NGOs looking to bolster donor transparency, publicly listed corporations wrestling with ESG disclosures, and governmental bodies seeking to modernize procurement audits.

Reeve’s open-source release (tag 1.0.0 on GitHub) means developers can begin testing today, but the Foundation stresses that commercial roll-outs will proceed in controlled phases. If the pilots validate its cost-saving thesis—fewer reconciliations, instant evidence chains, automated attestation—the project could mark a rare crossover moment where enterprise finance moves from proof-of-concept to production blockchain.

At press time, ADA traded at $0.60.

Bitcoin has traded within a narrow range between $107,500 and $109,600 since last Friday, with volatility drying up as bulls and bears battle for control. This kind of price compression typically precedes a significant move, and traders are closely watching for the breakout. Some analysts believe Bitcoin is preparing to push above its all-time high near $112,000, fueled by strong fundamentals and persistent demand. Others, however, remain cautious and expect more consolidation before a clear trend emerges.

On-chain data from CryptoQuant reveals that long-term holders (LTHs) are currently sitting on an average unrealized profit of 215% above their cost basis. Historically, when these investors reach over 300% profit, they begin to gradually distribute their holdings back into the market. This places BTC in a zone of orderly profit-taking, not quite euphoria, but with a growing risk of a shift in behavior.

Whether the next move is a breakout or breakdown, the pressure is building. Bitcoin’s resilience above $107,000 continues to attract bullish attention, but only a strong push above the range will confirm momentum. Until then, market participants remain on edge, waiting for Bitcoin to pick a direction that could define the weeks ahead.

Long-Term Holders Reach Critical Zone: Bitcoin Tests Patience

Bitcoin’s recent price action has frustrated many investors, as the market continues to drift sideways in low volatility. After weeks of trading within a narrow range, market participants are beginning to lose patience. The prolonged consolidation presents downside risk if momentum fails to return soon. Despite this, the broader macroeconomic backdrop remains favorable. The U.S. stock market recently reached new all-time highs, and geopolitical tensions have eased, suggesting a supportive environment for risk assets like Bitcoin in the months ahead.

Top analyst Axel Adler shared insights pointing to a crucial on-chain signal — long-term holders (LTHs) are currently sitting on an average unrealized profit of 215% above their cost basis. Historically, when this metric crosses 300%, it marks a level where seasoned holders begin to distribute coins into strength. At 215%, the market is in the “orderly profit-taking” zone — not yet euphoric, but approaching levels that have historically led to increased sell pressure.

This on-chain signal suggests that while a breakout remains possible, upside may be limited unless new demand steps in. If the rally fails to extend soon, there’s a growing risk that long-term holders could begin offloading positions prematurely. This dynamic creates a delicate balance — bulls need to ignite momentum to attract new capital, or else risk seeing supply overwhelm price. For now, all eyes remain on $112,000 as the key level that could define Bitcoin’s next major move.

BTC Stuck Below Resistance

Bitcoin remains tightly range-bound between $107,500 and $109,600, with volatility continuing to compress as bulls attempt to push the price above resistance. As shown in the 8-hour chart, BTC has tested the $109,300 zone multiple times without managing a decisive breakout, suggesting strong selling pressure at this level. On the downside, the 50-, 100-, and 200-period moving averages (SMA) at $107,489, $106,572, and $105,448, respectively, continue to act as dynamic support levels.

Volume remains muted, signaling a lack of conviction from both bulls and bears. The longer BTC stays within this tight range, the more violent the eventual breakout could be. The price is currently hovering above all major SMAs, which is typically a bullish signal, and each dip toward the $107K zone has been met with buyer support.

If buyers manage to reclaim $109,300 with volume confirmation, Bitcoin could quickly revisit the all-time high near $112K. However, failure to hold above the moving averages could send BTC down to retest $103,600 — a key support level from late June. Overall, Bitcoin’s structure suggests that a significant move is coming, but directionality will depend on whether bulls can break resistance or bears regain momentum.

Featured image from Dall-E, chart from TradingView

Bitcoin has traded within a narrow range between $107,500 and $109,600 since last Friday, with volatility drying up as bulls and bears battle for control. This kind of price compression typically precedes a significant move, and traders are closely watching for the breakout. Some analysts believe Bitcoin is preparing to push above its all-time high near $112,000, fueled by strong fundamentals and persistent demand. Others, however, remain cautious and expect more consolidation before a clear trend emerges.

On-chain data from CryptoQuant reveals that long-term holders (LTHs) are currently sitting on an average unrealized profit of 215% above their cost basis. Historically, when these investors reach over 300% profit, they begin to gradually distribute their holdings back into the market. This places BTC in a zone of orderly profit-taking, not quite euphoria, but with a growing risk of a shift in behavior.

Whether the next move is a breakout or breakdown, the pressure is building. Bitcoin’s resilience above $107,000 continues to attract bullish attention, but only a strong push above the range will confirm momentum. Until then, market participants remain on edge, waiting for Bitcoin to pick a direction that could define the weeks ahead.

Long-Term Holders Reach Critical Zone: Bitcoin Tests Patience

Bitcoin’s recent price action has frustrated many investors, as the market continues to drift sideways in low volatility. After weeks of trading within a narrow range, market participants are beginning to lose patience. The prolonged consolidation presents downside risk if momentum fails to return soon. Despite this, the broader macroeconomic backdrop remains favorable. The U.S. stock market recently reached new all-time highs, and geopolitical tensions have eased, suggesting a supportive environment for risk assets like Bitcoin in the months ahead.

Top analyst Axel Adler shared insights pointing to a crucial on-chain signal — long-term holders (LTHs) are currently sitting on an average unrealized profit of 215% above their cost basis. Historically, when this metric crosses 300%, it marks a level where seasoned holders begin to distribute coins into strength. At 215%, the market is in the “orderly profit-taking” zone — not yet euphoric, but approaching levels that have historically led to increased sell pressure.

This on-chain signal suggests that while a breakout remains possible, upside may be limited unless new demand steps in. If the rally fails to extend soon, there’s a growing risk that long-term holders could begin offloading positions prematurely. This dynamic creates a delicate balance — bulls need to ignite momentum to attract new capital, or else risk seeing supply overwhelm price. For now, all eyes remain on $112,000 as the key level that could define Bitcoin’s next major move.

BTC Stuck Below Resistance

Bitcoin remains tightly range-bound between $107,500 and $109,600, with volatility continuing to compress as bulls attempt to push the price above resistance. As shown in the 8-hour chart, BTC has tested the $109,300 zone multiple times without managing a decisive breakout, suggesting strong selling pressure at this level. On the downside, the 50-, 100-, and 200-period moving averages (SMA) at $107,489, $106,572, and $105,448, respectively, continue to act as dynamic support levels.

Volume remains muted, signaling a lack of conviction from both bulls and bears. The longer BTC stays within this tight range, the more violent the eventual breakout could be. The price is currently hovering above all major SMAs, which is typically a bullish signal, and each dip toward the $107K zone has been met with buyer support.

If buyers manage to reclaim $109,300 with volume confirmation, Bitcoin could quickly revisit the all-time high near $112K. However, failure to hold above the moving averages could send BTC down to retest $103,600 — a key support level from late June. Overall, Bitcoin’s structure suggests that a significant move is coming, but directionality will depend on whether bulls can break resistance or bears regain momentum.

Featured image from Dall-E, chart from TradingView

The XRP price is once again capturing the attention of the market as it reclaims critical support levels and flashes a textbook breakout structure. With momentum building and bullish continuation signals aligning, analysts say the groundwork may be in place for a powerful Wave 3 surge—one that could send XRP soaring beyond the $3 mark. 

XRP Price Eyes Explosive Wave 3 Rally 

In a rather detailed X (formerly Twitter) post on July 7, CasiTrades, a prominent crypto analyst and trader, shared new insights on XRP’s future price movements, predicting its next breakout formation and highlighting the potential for a powerful Wave 3 rally. The analyst stated that XRP is currently flashing strong bullish continuation signals, as recent price action aligns with classic technical patterns, suggesting a major breakout above $3 may be near.

Looking at CasiTrade’s chart analysis, it appears that XRP has completed a textbook consolidation phase and has now reclaimed the critical $2.25 level, which served as the apex of the multi-month Symmetrical Triangle structure. Notably, the reclaim came after a brief fake-out to the downside. The $2.25 level also aligns with the 0.382 Fibonacci Retracement, marking it as a key macro resistance zone that turned support. 

Currently trading just above $2.3, CasiTrades revealed that XRP is testing local resistance. She noted that a confirmed breakout above this area could open the path to higher Fibonacci targets of $2.69 and $3.04. These levels also correspond to the 1.618 and higher macro Fibonacci Extensions from the previous rally wave. 

CasiTrades also highlights that XRP’s Relative Strength Index (RSI) is trending upward and remains below overbought zones, supporting continued upward momentum. She further notes that XRP is building this powerful breakout setup independently, without any bullish trigger from Bitcoin (BTC) or a major news catalyst. 

Moreover, XRP’s projected move has been identified as Wave 3 of 3 in the Elliott Wave Theory. While the exact top of this wave setup is yet to be determined, CasiTrades confirms that the breakout itself could define the structure of Wave 3, allowing for a more precise projection of bullish targets as the rally unfolds. 

Wave 4 Correction To Trigger 40% Breakdown

Following XRP’s anticipated bullish breakout and the completion of its projected Wave 3 peak, CasiTrades predicts that the cryptocurrency could soon enter a significant corrective phase in the form of Wave 4. This price correction is expected to retrace approximately 40% from the breakout high, depending on where Wave 3 tops out. 

The analyst pointed to a possible timeline for the Wave 3 peak, noting a key Fibonacci convergence expected in late July that could not only mark the top but also the potential start of the Wave 4 decline. For instance, CasiTrades notes that if XRP extends to a $6.5 target, the resulting pullback would likely lead to a retest toward the current all-time high near $3.84.

The XRP price is once again capturing the attention of the market as it reclaims critical support levels and flashes a textbook breakout structure. With momentum building and bullish continuation signals aligning, analysts say the groundwork may be in place for a powerful Wave 3 surge—one that could send XRP soaring beyond the $3 mark. 

XRP Price Eyes Explosive Wave 3 Rally 

In a rather detailed X (formerly Twitter) post on July 7, CasiTrades, a prominent crypto analyst and trader, shared new insights on XRP’s future price movements, predicting its next breakout formation and highlighting the potential for a powerful Wave 3 rally. The analyst stated that XRP is currently flashing strong bullish continuation signals, as recent price action aligns with classic technical patterns, suggesting a major breakout above $3 may be near.

Looking at CasiTrade’s chart analysis, it appears that XRP has completed a textbook consolidation phase and has now reclaimed the critical $2.25 level, which served as the apex of the multi-month Symmetrical Triangle structure. Notably, the reclaim came after a brief fake-out to the downside. The $2.25 level also aligns with the 0.382 Fibonacci Retracement, marking it as a key macro resistance zone that turned support. 

Currently trading just above $2.3, CasiTrades revealed that XRP is testing local resistance. She noted that a confirmed breakout above this area could open the path to higher Fibonacci targets of $2.69 and $3.04. These levels also correspond to the 1.618 and higher macro Fibonacci Extensions from the previous rally wave. 

CasiTrades also highlights that XRP’s Relative Strength Index (RSI) is trending upward and remains below overbought zones, supporting continued upward momentum. She further notes that XRP is building this powerful breakout setup independently, without any bullish trigger from Bitcoin (BTC) or a major news catalyst. 

Moreover, XRP’s projected move has been identified as Wave 3 of 3 in the Elliott Wave Theory. While the exact top of this wave setup is yet to be determined, CasiTrades confirms that the breakout itself could define the structure of Wave 3, allowing for a more precise projection of bullish targets as the rally unfolds. 

Wave 4 Correction To Trigger 40% Breakdown

Following XRP’s anticipated bullish breakout and the completion of its projected Wave 3 peak, CasiTrades predicts that the cryptocurrency could soon enter a significant corrective phase in the form of Wave 4. This price correction is expected to retrace approximately 40% from the breakout high, depending on where Wave 3 tops out. 

The analyst pointed to a possible timeline for the Wave 3 peak, noting a key Fibonacci convergence expected in late July that could not only mark the top but also the potential start of the Wave 4 decline. For instance, CasiTrades notes that if XRP extends to a $6.5 target, the resulting pullback would likely lead to a retest toward the current all-time high near $3.84.

While the broader cryptocurrency sector has rebounded, Solana has robustly regained upside traction, with a sudden bounce above the key $150 price level. Along with the recent notable surge in SOL’s price is a sharp increase in user activity across the prominent Solana network.

User Activity On The Solana Network Climbs Sharply

Solana’s renewed upward price action is being met with growing participation and investors’ interest in the SOL blockchain. Ali Martinez, an investor and crypto expert, reported the recent advancement in activity in a post on the X (formerly Twitter) platform.

According to Ali Martinez, user activity on the Solana network has surged sharply to crucial levels. It is worth noting that the notable increase in activity marks one of the network’s strongest spikes of participation in recent months. The rise in on-chain activity is centered around the surge in Solana’s daily active addresses, highlighting the ecosystem’s increased enthusiasm. SOL’s number of active addresses is currently rising to new territories, recording millions of engaging wallets.

Data from Santiment, a leading on-chain analytics firm, shared by Martinez reveals that more than 14.63 million SOL addresses were active in the last 24 hours. Such a significant increase in active addresses signals a fresh wave of user engagement.

In addition to demonstrating increased conviction in the network’s speed and scalability, this dramatic increase in active addresses also emphasizes Solana’s solidifying position as one of the most popular blockchains in the current cryptocurrency sector. A persistent surge in active addresses could set the stage for a bounce as the bull market phase strengthens.

Bigger Moves Incoming For SOL

Historically, this increase in active addresses has preceded price spikes, which raises the potential for a continued upward trend. After delving into the recent action of SOL, Batman, a crypto investor, stated that the altcoin is preparing for its next step while firmly maintaining its position above key support zones.

If SOL’s price closes the candle above the $200 mark, it might trigger a major upside move to new all-time highs. According to the expert, the altcoin’s close above $200 is a green signal to open long positions, and traders are stacking below the level in silence. Looking at the chart, Batman anticipates a huge rally to the $350 price level in the last quarter of this year.

SOL’s anticipated surge could be bolstered by growing demand as Batman drew attention to Solana’s on-chain activity. The expert reported that wallet addresses containing tokenized stocks on the blockchain increased from 4,400 to 22,500 to 33,300 in a single day.

This sharp uptick in wallets represents a 7.5x rise in the last two days. Batman is confident that these wallet addresses will continue to rise, highlighting that bigger price moves are on the way for Solana.

While the broader cryptocurrency sector has rebounded, Solana has robustly regained upside traction, with a sudden bounce above the key $150 price level. Along with the recent notable surge in SOL’s price is a sharp increase in user activity across the prominent Solana network.

User Activity On The Solana Network Climbs Sharply

Solana’s renewed upward price action is being met with growing participation and investors’ interest in the SOL blockchain. Ali Martinez, an investor and crypto expert, reported the recent advancement in activity in a post on the X (formerly Twitter) platform.

According to Ali Martinez, user activity on the Solana network has surged sharply to crucial levels. It is worth noting that the notable increase in activity marks one of the network’s strongest spikes of participation in recent months. The rise in on-chain activity is centered around the surge in Solana’s daily active addresses, highlighting the ecosystem’s increased enthusiasm. SOL’s number of active addresses is currently rising to new territories, recording millions of engaging wallets.

Data from Santiment, a leading on-chain analytics firm, shared by Martinez reveals that more than 14.63 million SOL addresses were active in the last 24 hours. Such a significant increase in active addresses signals a fresh wave of user engagement.

In addition to demonstrating increased conviction in the network’s speed and scalability, this dramatic increase in active addresses also emphasizes Solana’s solidifying position as one of the most popular blockchains in the current cryptocurrency sector. A persistent surge in active addresses could set the stage for a bounce as the bull market phase strengthens.

Bigger Moves Incoming For SOL

Historically, this increase in active addresses has preceded price spikes, which raises the potential for a continued upward trend. After delving into the recent action of SOL, Batman, a crypto investor, stated that the altcoin is preparing for its next step while firmly maintaining its position above key support zones.

If SOL’s price closes the candle above the $200 mark, it might trigger a major upside move to new all-time highs. According to the expert, the altcoin’s close above $200 is a green signal to open long positions, and traders are stacking below the level in silence. Looking at the chart, Batman anticipates a huge rally to the $350 price level in the last quarter of this year.

SOL’s anticipated surge could be bolstered by growing demand as Batman drew attention to Solana’s on-chain activity. The expert reported that wallet addresses containing tokenized stocks on the blockchain increased from 4,400 to 22,500 to 33,300 in a single day.

This sharp uptick in wallets represents a 7.5x rise in the last two days. Batman is confident that these wallet addresses will continue to rise, highlighting that bigger price moves are on the way for Solana.

Eric Trump, son of President Donald Trump, is set to make headlines next month when speaking at the Bitcoin Asia 2025 conference in Hong Kong, amid the presidential family’s growing interest in digital assets.

This event aims to establish the city as a leading hub for digital assets, competing directly with the United States. Under President Trump’s second administration, the United States has made considerable progress in regulating the growth of the crypto market.

A Rising Advocate For Bitcoin And Digital Assets 

In his address, Eric Trump will reportedly explore the long-term potential of Bitcoin, its implications for global finance, and the role Asia plays in shaping the future of Bitcoin adoption, announced by BTC Inc, the organization behind the conference.

Bitcoin Asia is the regional edition of the Bitcoin Conference, one of the largest cryptocurrency events worldwide. The conference made its debut in Hong Kong last May, coinciding with the city’s efforts to cultivate its digital asset sector.

Eric Trump, who co-founded the Bitcoin-mining venture American Bitcoin and is involved in the Trump family-backed initiative World Liberty Financial (WLFI), has been recognized as a prominent advocate for the industry on the international stage. 

Hong Kong Aims For Crypto Dominance

Trump’s participation comes at a pivotal time as Hong Kong intensifies its campaign to become a global leader in digital assets. This ambition aligns with the US government’s goal—during his father’s administration—to establish America as the “crypto capital of the planet.” 

In June, Hong Kong released its “Policy Statement 2.0 on the Development of Digital Assets,” which builds on a blueprint issued in late 2022. This policy outlines the city’s commitment to enhancing its digital asset infrastructure and achieving “new heights of global digital asset leadership.”

The competition for a first-mover advantage in the digital asset space is heating up, particularly as both Hong Kong and the US advance towards the legalization of stablecoins.

US crypto investors are awaiting the approval of bills such as the GENIUS Act and the CLARITY Act by the House. These bills have already secured Senate approval and are awaiting the next move from the House of Representatives before Trump’s signature.

Last year’s Bitcoin Asia conference attracted over 5,500 participants at the Kai Tak Cruise Terminal, with about half of the attendees coming from mainland China. This year, the event is scheduled to take place at the Convention and Exhibition Centre in Wan Chai on August 28 and 29.

When writing, Bitcoin trades at $108,370, down just 3% from its all-time high of $111,800 reached during May’s bullish rally for the crypto market. 

Featured image from NBC, chart from TradingView.com 

Гендиректор японской Metaplanet Саймон Джерович (Simon Gerovich) рассказал, что в будущем планирует задействовать крипторезерв своей компании для приобретения других компаний, генерирующих прибыль.