U.S. Supreme Court decided not to consider a case from Coinbase user against the IRS.

Court rules IRS can collect Coinbase user data without warrants

Aave Labs founder Stani Kulechov says traditional finance has largely moved on 
from banks into fintech, and blockchain could be the sector’s next move.

TradFi could move onchain due to ‘horrible banking experiences’

Ethereum price started a fresh increase above the $2,485 zone. ETH is now 
consolidating gains and might soon aim for a move above the $2,520 resistance. 
Ethereum started a fresh upward move above the $2,465 level. The price is 
trading above $2,460 and the 100-hourly Simple Moving Average. There is a key 
bullish trend line forming with support at $2,450 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh increase if it 
remains stable above the $2,400 zone in the near term. Ethereum Price Eyes 
Fresh Gains Ethereum price started a fresh increase above the $2,440 support 
level, like Bitcoin. ETH price was able to clear the $2,460 and $2,480 
resistance levels to move into a positive zone. The bulls even pushed the 
price above the $2,500 zone. However, the bears were active near the $2,520 
level. A high was formed at $2,522 and the price is now consolidating gains. 
The price dipped below the 23.6% Fib retracement level of the upward move from 
the $2,435 swing low to the $2,522 high. Ethereum price is now trading above 
$2,460 and the 100-hourly Simple Moving Average. There is also a key bullish 
trend line forming with support at $2,450 on the hourly chart of ETH/USD. It 
is close to the 76.4% Fib retracement level of the upward move from the $2,435 
swing low to the $2,522 high. On the upside, the price could face resistance 
near the $2,520 level. The next key resistance is near the $2,550 level. The 
first major resistance is near the $2,600 level. A clear move above the $2,600 
resistance might send the price toward the $2,680 resistance. An upside break 
above the $2,680 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $2,750 resistance zone or even 
$2,800 in the near term. Downside Break In ETH? If Ethereum fails to clear the 
$2,520 resistance, it could start a fresh decline. Initial support on the 
downside is near the $2,450 level and the trend line. The first major support 
sits near the $2,420 zone. A clear move below the $2,420 support might push 
the price toward the $2,400 support. Any more losses might send the price 
toward the $2,350 support level in the near term. The next key support sits at 
$2,320. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $2,420 Major Resistance Level – $2,520

Ethereum Price Readies for Takeoff — Bulls Eye Fresh Highs

Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical 
spotlight on Bitcoin’s habit of dozing through June before rewarding – and 
sometimes punishing – traders in the following quarter. “BTC June has 
historically been a pretty slow month,” he wrote, noting that the just-ended 
period was no exception, with spot prices meandering in a narrow band and 
finishing “pretty flat.” The comment was accompanied by a Coinglass heat-map 
of monthly returns that reaches back to 2013 and vividly illustrates the 
summer pattern he is talking about. What July Hides For Bitcoin The numbers 
support the observation. According to the Coinglass dataset, the mean return 
for June over the past twelve years is essentially zero (-0.12 %), while July 
posts a respectable +7.56% on average and an even stronger +8.90 % on the 
median. August cools to a modest +1.75% mean, and September is where the sell- 
side pressure historically bites, averaging -3.77% with a negative median of 
-4.35%. Related Reading: Bitcoin Freezes Over $100,000 As OG Whales ‘Dump On 
Wall Street’: Expert A simple frequency count underscores the asymmetry: July 
has finished green in eight of the last twelve years, whereas August and 
September managed only four positive outcomes each. Years that veterans still 
recall – 2017’s +65.32 % August melt-up followed by a -7.44 % September slide, 
or 2020’s +24.03 % July rally that surrendered to a -7.51 % September pullback 
– appear to have etched the “big flush-out” narrative into collective memory. 
Daan’s takeaway is behavioural rather than predictive: “August &amp; September are 
where we often see a big flush-out but are also the dips you often want to be 
buying into the end-of-the-year rally… it’s good to be aware of these 
seasonalities. That way you can focus more on the larger timeframe and won’t 
get spooked or get over-excited too easily.” The comment arrives just as 
Bitcoin tests a cluster of long-timeframe resistances. In a post on Saturday 
he reminded followers that BTC is “close to all-time high but at resistance… 
[it] is yet to close a weekly or more than two consecutive daily candles above 
that resistance. Once it does, we can start getting excited for a larger 
move.” Related Reading: Bitcoin Bears Are Taking Fresh Market Positions, But 
Are They Safe? The seasonality conversation matters because it collides with a 
crowded macro calendar and a notoriously illiquid holiday stretch. While 
historical averages do not guarantee future performance, the heat-map suggests 
that directional conviction often returns in October – the best-performing 
month on the table with a +21.89 % mean. For traders, that leaves a two-month 
corridor in which whipsaw moves are common and positioning discipline becomes 
paramount. Daan extends the framework to altcoins via the TOTAL3 index (crypto 
market cap excluding Bitcoin and Ether). “The TOTAL Altcoin Market Cap has 
held on to its local support but is still not showing any clear trend… to 
really get this high timeframe move going you want to break those local highs 
above the ~$950 B mark. At that point you can start aiming for cycle highs.” 
Whether 2025 repeats the seasonality script will hinge on the macro 
environment, ETF inflows and, above all, Bitcoin’s ability to convert 
resistance into fresh price discovery. Until that weekly close arrives, 
seasoned traders appear content to keep summer expectations firmly tethered to 
the data – exactly as Daan recommends. At press time, BTC traded at $107,344. 
Featured image created with DALL.E, chart from TradingView.com

Bitcoin July Preview: History Says Don’t Trust The Quiet

Other crypto firms are also reportedly considering applying for a national 
bank charter, following in the footsteps of Anchorage Digital Bank, which 
received a license in 2021.

Circle applies for US trust bank charter to manage its USDC reserve

Ethereum takes center stage as Bitmine commits $250 million in crypto and cash 
to catapult into top ETH holder ranks, redefining treasury strategy with 
institutional firepower. Bitmine Eyes Top ETH Holder Status With $250M Crypto 
and Cash Investment Ethereum treasury strategies are gaining institutional 
traction as Bitmine Immersion Technologies (NYSE American: BMNR) unveiled a 
$250 […]