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ETH ETF, Token Unlocks, and More

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This week, major news and developments have captured the attention of both crypto investors and enthusiasts alike.

From the growing optimism surrounding the Ethereum ETF launch to the significant token unlock by Arbitrum, the crypto scene is buzzing with activity.

Ethereum ETF Approval Imminent: Industry Buzz and Predictions

Analysts and industry leaders have expressed their enthusiasm for the imminent approval of spot Ethereum (ETH) exchange-traded funds (ETFs). Nate Geraci, president of ETF Store, recently shared his optimism on social media, stating that the approval of these ETFs is expected this week. He cites no “good reason for any further delay at this point.”

Matt Hougan, Bitwise’s Chief Investment Officer, echoes this sentiment. He highlighted the minimal amendments required in the latest filings and indicated a closer approach to the approval finish line.

Read more: Ethereum ETF Explained: What It Is and How It Works

Experts believe that the launch of a spot Ethereum ETF could positively impact ETH’s price action and the broader crypto industry. Sami Start, Co-founder and CEO of Transak, explained that the spot Ethereum ETF could further legitimize digital assets and spur the adoption of decentralized technologies and tokenized assets.

“It’s more instructive to look within the Ethereum ecosystem itself and consider the opportunities that exist there. […] ETH is the native currency of dozens of interconnected L2s and is the trading pair against all of the ERC-20 assets it supports. […] And, it’s likely to be here that we see the first institutional exploration of decentralized technology as bolder players move beyond the constraints of the centralized ETF model,” Start elaborated to BeInCrypto.

XDEFI Wallet Rebranding Generates Excitement

On July 12, non-custodial Web3 wallet XDEFI hinted on its X (Twitter) account that it would reveal more details about its rebranding plan this week. Earlier in June, Emile Dubié, CEO and co-founder of XDEFI, announced that the team had started redesigning the wallet, investing significantly in their design system. Dubié emphasized the importance of a well-defined design system for consistency and a cohesive user experience.

“We acquired 230,000+ users without an airdrop or a points system. Our UX/UI has been lagging behind as we were focused on adding chains. We’ve been working on a very different interface since early last year. It’s coming together nicely; the new version is what self-custody should look like. Everything was built based on years of feedback,” he explained.

Many crypto community members expressed their enthusiasm for the upcoming XDEFI iteration. This excitement is evident in XDEFI’s native token, which increased by 7.43% over the last 24 hours. At the time of writing, it is currently trading at $0.072617.

XDEFI Price Performance.
XDEFI Price Performance. Source: BeInCrypto

Cosmos v18 Upgrade to Introduce Permissioned CosmWasm

Layer-0 blockchain Cosmos announced on June 20 that its v18 upgrade will be released mid-July. This upgrade will introduce permissioned CosmWasm to the Cosmos Hub. It will also enhance ATOM’s functionality, utility, and cross-chain composability.

“This update will bring new capabilities to the Hub, enhancing ATOM’s functionality, utility, and cross-chain composability,” the team stated.

Permissioned CosmWasm requires each contract to be reviewed and approved by governance, ensuring added security and quality control. This approach minimizes the risks of potential exploits and discourages spam or wasteful contracts. By governance-gating each contract, Cosmos Hub aims to ensure that only well-vetted, purposeful contracts are implemented.

The goal is not to compete with AEZ chains like Neutron but to leverage CosmWasm for tasks that are difficult or impractical through other means. This addition will enhance the Hub’s ability to handle complex functionalities efficiently. Permissioned CosmWasm on the Cosmos Hub is a step towards a more secure, efficient, and capable ecosystem.

Sanctum’s Native Token CLOUD to Launch on Jupiter Launchpad

On July 10, Sanctum, a Solana-based liquid staking platform, announced its plan to launch its native token CLOUD on the decentralized exchange (DEX) Jupiter launchpad on July 18. On July 16 at 15:30 UTC, a special edition of the Planetary Call, called “Liftoff” with Jupiter, will provide additional information about the launch. After these, on July 19, Sanctum will host a CLOUD party.

CLOUD Token Launch Timeline.
CLOUD Token Launch Timeline. Source: X/sanctumso

The total supply of CLOUD is 1 billion tokens. According to Sanctum, 18% of the total supply will be allocated to the issuance. The team will distribute 10% of the supply through the initial airdrop, while 8% will be used to provide liquidity in the LFG launch pool.

The token will facilitate the management of capital and control, enabling holders to shape decisions related to the platform’s direction and resource management. In order to qualify for the Sanctum Verified Partner program, participants will need to stake CLOUD, with CLOUD holders casting votes to decide on the acceptance of partners.

Radiant Capital Announces v3 Launch and Expansion to Base

On June 27, Radiant Capital, a decentralized finance (DeFi) platform that builds the first omnichain money market atop LayerZero, announced that it is in the final stretch for the launch of its v3. The platform also revealed its plan expansion to Base, Coinbase’s layer-2.

According to the team, Radiant v3 and the expansion to Base will happen in July. However, they have not yet specified the exact date of these events.

Radiant also announced its integration with Stargate v2, allowing seamless lending and borrowing of assets cross-chain with low fees. Security remains a cornerstone for Radiant, with audits by OpenZeppelin and BlockSecTeam, monitoring by HypernativeLabs and Chainalysis, and comprehensive risk management measures in place.

Arbitrum and Other Major Token Unlocks This Week

This week will witness several token unlocks. On July 16, Arbitrum will unlock 92.6 million ARB tokens worth approximately $66 million at the current market price. These unlocked tokens will go to its team, advisors, and investors.

Read more: Arbitrum (ARB) Price Prediction 2024/2025/2035

Arbitrum token unlock
ARB Token Unlock. Source: token.unlocks

Other projects, including Axie Infinity (AXS) and ApeCoin (APE), will also unlock their tokens this week. This increase in token releases could affect the prices of these cryptocurrencies. Read this article for further detailed information on major crypto token unlocks this week.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Cardano (ADA) Whales Hit 2-Year Low as Key Support Retested

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Cardano (ADA) is facing mounting pressure as its price corrects by 10% over the past seven days, continuing a broader downtrend that has kept it trading below the $1 mark for nearly a month. With technical indicators flashing warning signs and large holders exiting their positions, concerns around ADA’s short-term stability are growing.

The recent rejection at higher resistance levels and a strong directional trend signal suggest that bearish momentum is far from over. As the $0.64 support level is tested once again, ADA’s next move could determine whether a rebound is possible—or if further downside is ahead.

Cardano ADX Shows The Downtrend Is Very Strong

Cardano’s Average Directional Index (ADX) is currently at 40.19, rising sharply from 15.83 just four days ago. This steep increase suggests a rapid strengthening in the trend’s momentum.

Given that ADA is currently in a downtrend, the rising ADX indicates that bearish momentum is intensifying and the current downward move is gaining traction.

ADA ADX.
ADA ADX. Source: TradingView.

The ADX is a trend strength indicator that measures how strong a trend is, regardless of its direction. It ranges from 0 to 100, with readings below 20 typically indicating a weak or non-existent trend, while values above 25 suggest a strong trend is in place.

Cardano’s ADX climbing above 40 confirms that the current downtrend is active and becoming stronger. If this trend continues, it may point to further downside pressure unless a shift in momentum begins to build from the bulls.

ADA Whales Dropped To Their Lowest Level Since February 2023

The number of Cardano whales—wallets holding between 1 million and 10 million ADA—has dropped to 2,406, down from 2,421 just four days ago.

This decline brings the whale count to its lowest level since February 2023, marking a potentially meaningful shift in large-holder behavior. These movements are worth paying attention to, as changes in whale holdings often precede broader market trends.

Tracking whales is important because these large holders can significantly influence price action through their buying or selling decisions. A decline in whale numbers can signal reduced confidence or capital rotation into other assets.

Addresses Holding Between 1 Million and 10 Million ADA.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.

In Cardano’s case, the drop suggests that some major players may be exiting or reducing exposure, which could add downward pressure to ADA’s price.

If this trend continues, it could weaken investor sentiment and make it harder for ADA to recover in the short term.

Can Cardano Sustain The $0.64 Support Again?

Cardano price recently tested the support level at $0.64 and managed to hold, showing that buyers are still defending that zone. This support has become a key line in the sand for ADA’s short-term outlook.

If the current downtrend is reversed and bullish momentum picks up, the next upside target would be the resistance at $0.69. A breakout above that level could open the door for a push toward $0.77.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

Should the rally continue with strength, ADA could aim for $1.02—marking a return above the $1 level for the first time since early March.

However, the $0.64 support remains a critical level to watch. If Cardano tests it again and fails to hold, it could indicate weakening buyer conviction.

A breakdown below $0.64 would likely send ADA toward the next support at $0.58. This would confirm a continuation of the downtrend and possibly trigger further selling pressure.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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This is Why PumpSwap Brings Pump.fun To the Next Level

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Since launching PumpSwap, token launchpad Pump.fun has resumed its position as a top-level protocol by fees and revenue. It saw over $2.62 billion in volume in less than two weeks, signifying high market interest.

Nonetheless, the meme coin sector as a whole has been more volatile than usual lately. PumpSwap is an attractive new option, but it still needs to stand the test of time.

Pump.fun Surges with PumpSwap

Pump.fun, a prominent meme coin creation platform, recently suffered some difficulties in the market. Facing lawsuits and criticism from the industry, the platform’s revenue had been declining in 2025. However, since launching PumpSwap, Pump.fun’s income has rebounded, making it one of the largest protocols by fees and revenue.

Pump.fun Ranking by Fees and Revenue
Pump.fun Ranking by Fees and Revenue. Source: DefiLlama.

PumpSwap is a decentralized exchange on Solana’s blockchain, and it has grown very quickly since its launch less than two weeks ago. It has already managed over $2.62 billion in trade volume, although its daily volume fell over the weekend. Pump.fun’s cofounder spoke highly about PumpSwap, calling it a “crucial step that will help grow the ecosystem.”

PumpSwap Trade Volume
PumpSwap Trade Volume. Source: Dune.

Pump.fun’s overall revenues were declining before it launched PumpSwap, and they have since jumped back up. However, it’s important to not overstate the new exchange’s success. The exchange’s total fees collected have skyrocketed compared to Pump.fun, but the actual revenue growth has been comparatively small.

Pump Fees and Revenues
Pump Fees and Revenues. Source: DefiLlama.

Still, these low fees also have significant advantages. Demand seems to be drying up in the meme coin sector, but Pump.fun faces stiff competition in the form of firms like Raydium, using low fees as a competitive edge. It has also promised things like revenue sharing with token creators to promote ecosystem growth.

Ultimately, the meme coin market as a whole is full of uncertainty. PumpSwap has been able to keep Pump.fun competitive as a top-level platform in this space, giving it a welcome reprieve. The real challenge will come in determining long-term viability.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Hedera (HBAR) Bears Dominate, HBAR Eyes Key $0.15 Level

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Hedera (HBAR) is under pressure, down roughly 13.5% over the past seven days, with its market cap holding at around $7 billion. Recent technical signals point to growing bearish momentum, with both trend and momentum indicators leaning heavily negative.

The price has been hovering near a critical support zone, raising the risk of a breakdown below $0.15 for the first time in months. Unless bulls regain control soon, HBAR could face further losses before any meaningful recovery attempt.

HBAR BBTrend Has Been Turning Heavily Down Since Yesterday

Hedera’s BBTrend indicator has dropped sharply to -10.1, falling from 2.59 just a day ago. This rapid decline signals a strong shift in momentum and suggests that HBAR is experiencing an aggressive downside move.

Such a steep drop often reflects a sudden increase in selling pressure, which can quickly change the asset’s short-term outlook.

The BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using the position of price relative to the Bollinger Bands. Positive values generally indicate bullish momentum, while negative values point to bearish momentum.

HBAR BBTrend.
HBAR BBTrend. Source: TradingView.

The further the value is from zero, the stronger the trend. HBAR’s BBTrend is now at -10.1, signaling strong bearish momentum.

This suggests that the price is trending lower and doing so with increasing strength, which could lead to further downside unless buyers step in to slow the momentum.

Hedera Ichimoku Cloud Paints a Bearish Picture

Hedera’s Ichimoku Cloud chart reflects a strong bearish structure, with the price action positioned well below both the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen).

This setup indicates that short-term momentum is clearly aligned with the longer-term downtrend.

The price has consistently failed to break above these dynamic resistance levels, signaling continued seller dominance.

HBAR Ichimoku Cloud.
HBAR Ichimoku Cloud. Source: TradingView.

The future cloud is also red and trending downward, suggesting that bearish pressure is expected to persist in the near term.

The span between the Senkou Span A and B lines remains wide, reinforcing the strength of the downtrend. For any potential reversal to gain credibility, HBAR would first need to challenge and break above the Tenkan-sen and Kijun-sen, and eventually push into or above the cloud.

Until then, the current Ichimoku configuration supports a continuation of the bearish outlook.

Can Hedera Fall Below $0.15 Soon?

Hedera price has been hovering around the $0.16 level and is approaching a key support at $0.156.

If this support fails to hold, it could open the door for further downside, potentially pushing HBAR below the $0.15 mark for the first time since November 2024.

HBAR Price Analysis.
HBAR Price Analysis. Source: TradingView.

However, if HBAR manages to reverse its current trajectory and regain bullish momentum, the first target to watch is the resistance at $0.179.

A breakout above that level could lead to a stronger rally toward $0.20 and, if momentum continues, even reach $0.215. In a more extended bullish scenario, HBAR could climb to $0.25, signaling a full recovery and trend reversal.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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