Grayscale has slowly narrowed the arbitrage opportunities on its crypto trusts by converting them into exchange-traded funds.

SEC approves conversion of Grayscale's large-cap crypto fund into ETF

Wallet of Satoshi has announced the launch of its self-custodial Lightning 
wallet on the Spark platform, marking a significant advancement in making 
Lightning Network payments more scalable and accessible, particularly in the 
U.S. market. This integration allows users to have full control over their 
bitcoin, enabling them to send and receive transactions with an enhanced […]

Wallet of Satoshi Launches Self-Custodial Lightning Wallet on Spark, Returns to the US Market

A growing number of Bitcoin and crypto market participants have fallen victim 
to a dangerous assumption: that summer in the crypto markets is synonymous 
with stagnation. However, crypto analyst Cristian Chifoi warns that this 
summer may follow a drastically different script. In a video analysis released 
on July 1, Chifoi lays out a compelling case that 2025 fits a historical 
pattern that has previously delivered some of Bitcoin’s strongest summer 
performances. Summer 2025 Could Flip Bitcoin’s Script Chifoi’s thesis is based 
on a concept he has long explored: Bitcoin seasonality—a recurring, cyclical 
behavior in Bitcoin’s price action across the calendar year, especially in 
relation to the four-year halving cycles. According to Chifoi, there is an 
identifiable seasonal window from mid-January to mid-March where Bitcoin 
historically shows explosive movement in one direction, only to reverse course 
in the subsequent months. Related Reading: Bitwise Just Sounded The 
Alarm—Bitcoin Could Explode Soon This pattern has held across multiple years 
and cycles. In 2021, for example, Bitcoin rallied from $28,000 to $60,000 
between January and March before collapsing back to $28,000 by summer. The 
opposite occurred in 2023, when Bitcoin dumped in Q1 and reversed upwards 
during summer. “From January 22nd to March 11th [2024], we had a 2x on 
Bitcoin,” Chifoi noted. “And if the price moves in one direction in this 
window, it tends to do the exact opposite after that. That’s the seasonality 
reversal.” Chifoi highlighted this tendency across previous cycles as well, 
identifying the same trend flip in 2022, 2023, and most notably in 2021. 
Critically, Chifoi warns that while most traders are anchored to the recent 
past—recalling three consecutive “boring” summers—this year is historically 
aligned with a different kind of setup. “Nobody is prepared for this summer,” 
he said. “Because people only look at the past three years. But those were not 
the years to look at.” Instead, Chifoi compares 2025 to three historical 
analogues: 2013, 2017, and 2021—all years that followed a halving and saw 
significant summer rallies. In each of those years, after early-year 
volatility or corrections, Bitcoin posted dramatic gains from mid-July into 
early September. In 2017, Bitcoin rallied 160% in that timeframe. In 2021, the 
move was 77%. “The common factor in those years? They were one year after a 
halving, with a post-March reversal in trend,” Chifoi explained. “Now we are 
in the same window again. And people are not looking at it.” First Crash, Then 
Surge? The analyst also emphasized that current price action fits his broader 
fractal thesis. After Bitcoin’s local top at $109K earlier this year and the 
rejection that followed, the market appears to be chopping sideways—something 
he predicted back in late 2024. He expects this phase to continue into July 
20, potentially ending with a sudden flush to the downside. But this, he 
argues, would be the setup for the next leg higher. “Don’t be surprised if the 
drop comes with a lot of bad news,” he said. “Every time there’s a dump before 
a rally, the media has a narrative ready. That doesn’t mean it’s real. It just 
means the market is doing what it always does—shake out the majority.” Related 
Reading: Analyst Calls For Bitcoin Crash As Price Pulls Above $108,000 — 
Details Chifoi also addressed broader market confluences, notably pointing out 
similar behavior in the S&amp;P 500, where a corrective move in early July appears 
to align with his crypto timing model. He expects a pullback in both markets 
to precede the next upward thrust, targeting a Fibonacci resistance zone that 
historically acts as a pause point during price discovery. Despite his 
bullishness, Chifoi made it clear he’s not buying Bitcoin right now. “I 
already bought below $20K,” he said. “At this point, I’m watching altcoin 
charts, looking for pullbacks to accumulate.” He expressed frustration at the 
prevailing narratives circulating among large X accounts, particularly those 
pushing for rotating altcoins into Bitcoin under the assumption that dominance 
will rise indefinitely. “This is very stupid,” he said bluntly. “The market is 
behaving exactly as it should—for the fewest number of people to make money.” 
In closing, Chifoi cautioned that those who insist on saying this time is 
different will likely find themselves on the wrong side of the trade. “Only if 
this time is different will this not play out. But if you base your strategy 
on those words, I can guarantee you 99% of the time, you won’t make money.” As 
the July 20 pivot approaches, Chifoi’s analysis suggests that Bitcoin’s next 
move may catch a complacent market off guard. Whether or not history rhymes 
once more, the veteran analyst has made his stance clear: this is not a summer 
to sleep through. At press time, BTC traded at $106,880. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin Seasonality: Why Summer 2025 Will Catch Everyone Off Guard

Circle is introducing a new cross-chain system to simplify how USDC moves 
across different blockchains. According to a July 1 press release, USD Coin 
(USDC) stablecoin issuer Circle is preparing to roll out Gateway, a new 
infrastructure layer that enables…

Circle to launch gateway for unified USDC access across blockchains

Wormhole appears poised for a bearish reversal, with technical indicators 
continuing to signal weakness ahead of a Coinbase listing. In a Tuesday 
announcement, Coinbase confirmed it would list Wormhole (W) on July 2 as an 
SPL token on the Solana…

Wormhole price forms a risky pattern ahead of Coinbase listing

Chainlink price has crashed in the past few months, mirroring the performance 
of most altcoins. Chainlink (LINK), the largest oracle in the cryptocurrency 
industry, trades at $13.12, down 26% from its highest point in May and 57% 
lower than its…