Initially, DOT flexed its resilience, peak-reaching at $3.87 on July 31—probably shouting “I’ve got this!”—but then, like any good sitcom character, it was overwhelmed by relentless selling pressure, amplified by volume surges that could make a stockbroker blush.
As blockchain soothsayers at PeckShield proclaimed, the month saw 17 “major hacks”—a term as overused as “blockchain disruptor” in a Silicon Valley pitch deck. Their tally: $140 million lost, a 27% spike from June. Yet, in a twist worthy of a Dickensian farce, the GMX hacker returned $40.5 million, proving even cybercriminals have a conscience. Or perhaps they simply feared the wrath of Twitter. 🕵️♂️💸
Now, let’s get this straight: ETNs are not the same as ETFs. While ETFs are like that friend who actually owns the party snacks (you know, the Bitcoin), ETNs are more like the friend who just talks about the snacks but never shares. They track crypto prices without giving you a single crumb of ownership. How generous! 🙄
According to some fancy folks at Cryptoquant, this profit-taking dance started after Bitcoin ( BTC) sashayed past a staggering $120,000 late in July 2025. Kinda like hitting the jackpot and then saying, “I’ll take my winnings now, thank you very much.” Earlier episodes included Bitcoin hitting $70,000 in March 2024 (when U.S. ETFs came into town) and then soaring past $100,000 after the presidential elections—because nothing says ‘market fun’ like politics and profits combined! 💰
Prepare your finest tea, for the influx of capital into crypto ETFs (exchange-traded funds) in July has set a new benchmark of bullishness. While the world is abuzz with tales of regulatory upheaval and macroeconomic turbulence, the real story is written in the language of finance: inflows. Ah, the sweet sound of money flowing like a river into the crypto realm!
Seasonal headwinds (whatever those are) have also joined the party, leaving Bitcoin (BTC) gasping for air like me after climbing two flights of stairs. BTC dipped below $118,000, hit an intraday low of $114,758, and is now clinging to $115,634 like a toddler clutching their favorite blankie. It’s down over 2%, because why not? 😩
Oh, ETH, sweetheart. So close to $4,000, so far from graciousness. It made a valiant attempt to reach the promised land but was promptly stopped by the seller mob at around $3,900. Now, it’s looking like a mopey teenager—down 4%, feeling misunderstood and pouting in the red. At this point, ETH’s basically trying to find its support level—like trying to find Wi-Fi in a desert. If it can rally, maybe it’ll give that coveted second shot at $4K, but no promises—this is crypto, after all.
Tokenizing bonds and equity stakes? Genius! Investor protections remain, but settlement time? Gone in seconds. Secondary markets? Now *that’s* a party trick. 🎉
The filings suggest the SEC’s been busy turning the pages, probably sipping coffee and thinking, “Oh, they’re serious… or just really bored.” Meanwhile, interest in crypto beyond Bitcoin (yes, Ethereum and Solana—those underdogs with attitude) is skyrocketing faster than a rocket in a sci-fi flick. 🚀✨
The Ripple-related cryptocurrency has taken a 10% nosedive from its weekly high of $3.30. And to top it off, trading volumes have surged to $7.5 billion, proving that bears are out in full force, snorting and snarling like a troupe of disgruntled raccoons 🐿️.