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ARK Invest just unveiled a strategic shift selling $12 million in Coinbase shares while dramatically loading up on Bitmine, the Peter Thiel-backed ether treasury firm. This move comes hot on the heels of a massive $116 million ETH treasury investment, signaling a bold pivot from exchange stocks toward Ethereum-centric assets.

It offloaded thousands of Coinbase, Robinhood, and Block shares, cashing in on recent rallies while reallocating capital into Bitmine’s ether reserves, which have skyrocketed over 480% year‑to‑date.

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CRYPTO WORLD

📉Bitcoin slips to $115K as Dow hits resistance - Market rotation or just a breather?

Bitcoin’s recent slide to $115,000 comes just as the Dow Jones rally hits a ceiling near its December–January highs. The crypto market appears to be reacting not to bad news but to a larger shift in risk appetite.

What’s happening?

▪️ BTC’s slide coincides with equity market consolidation, especially after a strong run in U.S. indices.

▪️ Investors may be rotating out of high-growth bets into more traditional hedges.

▪️ Analysts also cite declining trading volume and whale sell-offs as short-term dampeners.

While Bitcoin cools off, long-term fundamentals remain bullish. Institutional interest is still intact, and global regulatory clarity is improving. Temporary drawdowns aren’t new to crypto, what matters is how long they last and what follows.

📊 For investors:

▪️ Don’t chase pumps.

▪️ Don’t panic on dips.

▪️ Watch macro signals and on-chain data together.

Markets don’t move in straight lines. Sometimes, the stall before a breakout is just part of the climb.

MARKET MOVERS

📉 Flux: Shiba Inu (SHIB) has unraveled almost all its July gains, plunging back from just above $0.000015 to around $0.0000135, wiping out weeks of bullish hope. The failed breakout through key resistance and breach of both the 50- and 200-day EMAs has traders questioning momentum. With the RSI sliding and selling volume rising, it’s clear confidence has cooled and SHIB is flirting with deeper correction zones.

🔥 Surge: XRP's open interest has exploded by nearly 143% in just a month, pushing futures exposure toward the $10 billion mark as of July 24. This tidal wave of investor positioning signals mounting conviction and potential for a major move. Whether bulls aim to carve out new highs toward $3+ or trigger forced liquidations, the derivative heat is undeniable.

CRYPTO FRONTIER

🔥 Blaze: BlackRock’s iShares Ethereum Trust (ETHA) has just surged past $10 billion in assets, becoming the third-fastest ETF in history to hit that milestone and it doubled from $5 billion to $10 billion in only 10 days. It’s a “God candle” move that underscores institutional confidence in Ethereum’s rising star.  This trajectory not only eclipses most traditional funds but also highlights how Ethereum spot ETFs are rewriting market speed records, are we watching the next mainstream asset class unfold?

⚠️ Betrayal: Christina Chapman, a TikTok influencer in Arizona, was sentenced to 8.5 years in prison for running a “laptop farm” that enabled North Korean agents to pose as U.S. remote workers. The scheme funneled over $17 million to Pyongyang, while the victims included major U.S. firms like Nike.  Her sentencing along with hefty fines and forfeitures reveals how vulnerable remote-work systems remain to exploitation, emphasizing the security gaps in global workforce models.

💥 Crash: Pump.fun’s native token PUMP has plunged over 20–25% in 24 hours amid co-founder Alon Cohen's announcement that the airdrop is delayed indefinitely. The fallout spurred massive whale sell-offs, cascading liquidations, and escalating legal drama including a $5.5 billion class-action lawsuit alleging slot-machine-style operations.  With confidence evaporating and rivals like LetsBONK.fun gaining ground, can Pump.fun rebuild trust or will it be a cautionary tale in hype-driven tokenomics?

CRYPTO SPECIAL

🚀 Ethereum tops $4,000 - Galaxy digital CEO says ETH could outrun Bitcoin

Ethereum has surged past $4,000, gaining momentum and perhaps the upper hand in the crypto race.

Galaxy Digital CEO Mike Novogratz believes ETH could outperform Bitcoin, citing:

✅ Smart contract dominance
✅ Rapid growth in Layer-2 scaling
✅Institutional flows into ETH-based products

But what’s really fueling ETH?

▪️ Strong capital inflows amid DeFi resurgence

▪️ Growing adoption in enterprise-grade applications

▪️ Anticipation of future upgrades that boost scalability and energy efficiency

While Bitcoin remains the store of value narrative, Ethereum is making a strong case as the programmable infrastructure of Web3.

💼 For investors and builders alike, this shift is more than price action, it’s about utility dominance.

In a multi-chain world, the chains that enable real-world use cases, developer ecosystems, and token economies are the ones that will lead. Ethereum is not just chasing Bitcoin, it's defining a different path altogether.

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Until tomorrow!

Hanoomaan Crypto Markets team

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