Peter Thiel and other billionaires are planning Erebor, a new bank to fill the void left by Silicon Valley Bank’s collapse — with crypto firms and startups in focus.

Crypto Biz: Peter Thiel eyes the SVB throne

Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 
range at the time of writing. Although the digital asset remains down 19% on a 
year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a 
liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, 
crypto trader Merlijn The Trader noted that Ethereum appears to be following 
the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ 
and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by 
parabolic price action. Related Reading: Ethereum Breakout Imminent? 
Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, 
the ‘creek’ represents overhead resistance where price struggles to break 
higher, while the ‘spring’ is a false breakdown below support, meant to trap 
bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked 
by a sharp recovery and breakout above resistance, signaling the start of a 
new bullish trend. The analyst shared the following Ethereum daily chart, 
which shows the cryptocurrency on the verge of a potential breakout, with its 
next major resistance at the $3,700 level. A successful breakout and retest of 
this level could set the stage for a new all-time high (ATH). Fellow crypto 
analyst Crypto GEMs also pointed toward Ethereum getting ready for a 
significant move to the upside. The analyst shared the following chart which 
compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 
2024 performance, it could break above the $3,000 mark in the near term. 
However, not all analysts share this bullish outlook. For instance, noted 
crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset 
trading within a rising wedge pattern. He cautioned that unless ETH breaks out 
of this formation, it may face a drop to $2,200. To explain, a rising wedge 
pattern is a bearish chart formation where price moves upward within 
converging trendlines, indicating weakening bullish momentum. It often signals 
an upcoming breakdown, as buyers lose control and sellers push the price lower 
after the wedge is breached. ETH Network Sees Renewed Activity In a separate X 
post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum 
are nearing ATH level for the first time since 2021. Typically, heightened 
network activity tends to precede major price movements. Analyst Crypto Rover 
echoed this view, noting that active addresses across the Ethereum network 
have hit a new all-time high. They added that ETH below $3,000 is &#8220;an absolute 
steal.&#8221; Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A 
New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching 
toward historic levels, with 35.5 million ETH now locked. At press time, ETH 
trades at $2,522, down 3.8% in the past 24 hours. Featured image from 
Unsplash, charts from X and TradingView.com

Ethereum Approaches Wyckoff ‘Liftoff’ Phase – Can ETH Reach A New High?

Crypto analyst James Check says the Bitcoin treasury strategy is getting to 
the point where new firms will find it hard to gain momentum “without a 
serious niche.”

Bitcoin treasury playbook faces ‘far shorter lifespan’ — Analyst

Dogecoin’s price action caught traders’ attention this week. After dipping 
toward the $0.13–$0.15 demand zone, the meme‑coin shot higher, and a surge in 
derivatives data suggests many expect more gains. Related Reading: Ethereum 
Network Awakens—Massive On-Chain Moves Signal What’s Coming Trader Interest 
Climbs Around $0.19 Resistance According to market data, Open Interest jumped 
by 16% to reach over $2 billion. Options volume exploded by 400%. That kind of 
rise often points to big bets on upward swings. Right now, many eyes are on 
the $0.20 resistance level. If DOGE can close a daily candle above that line, 
it may clear the way toward $0.27. Dogecoin’s technical setup is drawing fresh 
looks from chart watchers. The Stochastic RSI crossed above 80, which can mark 
an overbought zone. Yet coins have stayed above overbought readings before 
when buyers kept pushing. Traders will want to see real volume behind any move 
above that descending trendline near $0.19. Without it, the rally may stall or 
give back gains. Whales Return With Spot Inflows Based on reports, Dogecoin 
saw a net inflow of $8.20 million into spot wallets. That marks a big shift 
after weeks of outflows. Large holders have been moving coins onto exchanges 
in the past, but now they’re pulling more in. In other cycles, fresh whale 
buys have lined up with mid‑term rallies. On‑chain metrics add another layer. 
Dogecoin’s MVRV Z‑score climbed back to 0.355 after hitting near‑historical 
lows late in June. That figure measures how much profit holders stand to make 
on average. A rising score hints that fewer holders are underwater, and that 
might draw in new buyers. Still, MVRV is backward‑looking. It can’t predict if 
price will break through key resistance. Network Activity Shows Mixed Signals 
Network stats tell a mixed story. Daily active addresses slid to 34 K, and 
transaction counts dropped to 15K as of July 3. That’s a sharp fall from the 
more than 500K addresses and transactions seen in the last week of June. Lower 
usage could sap the rally’s legs if retail traders don’t reengage soon. 
Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising 
H1 2025 Lead Even with these mixed signals, the mood toward Dogecoin is 
brighter than it was a week ago. Traders piling into options and hikes in Open 
Interest show speculative appetite is up. Large spot inflows show that whales 
have stepped back in. But network usage is lagging. If daily addresses and 
transactions don’t bounce back, bulls may find it harder to sustain the push. 
Featured image from Meta, chart from TradingView

Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest

Moria, a BCH-based stablecoin issuance protocol, has been successfully audited 
by Hashlock, a Web3 security and smart contract auditing company. The audit 
found the code powering the stablecoin platform was “secure, logically 
ordered, and constructed with clear intent.” BCH Stablecoin Issuance Protocol 
Moria Passes Security Audit Moria, a BCH-based stablecoin issuance protocol, 
has passed a […]

BCH-Based Stablecoin Protocol Moria Passes Security Audit With Flying Colors

Chainlink (LINK) is trading at $13.36, following a 3% drop in the past 24 
hours, which places the altcoin approximately 74% below its all-time high of 
$52.70, recorded in May. Despite this short-term dip, LINK has held onto 
weekly gains of around 2.4%, suggesting broader market participants may still 
be weighing its long-term potential. While price remains rangebound, recent 
on-chain data indicates that LINK’s price action could be the result of 
diverging behavior between retail and institutional investors. Related 
Reading: Chainlink (LINK) On Standby: Bitcoin’s Next Move Holds The Key 
Chainlink Institutional Accumulation and Supply Pressure CryptoQuant 
contributor “Banker” highlighted a growing structural dynamic in the LINK 
ecosystem in a recent QuickTake analysis titled “LINK’s Accumulation Standoff: 
Whales Build, Retail Waits.” The report outlines how LINK is currently in a 
consolidation phase between $12 and $15, where institutional actors have been 
steadily accumulating tokens, while retail users remain largely passive. This 
discrepancy may be playing a key role in capping upward momentum despite 
persistent LINK outflows from centralized exchanges. According to Banker, 
exchange netflows for LINK have remained negative at roughly -100,000 LINK per 
week, signaling that more tokens are being withdrawn from trading platforms 
than deposited. This behavior is typically associated with accumulation 
activity, particularly from larger holders or “whales” who may be positioning 
for longer-term appreciation. Historical spikes in retail deposits, such as 
the +5 million LINK deposited in March 2025, have proven to be exceptions 
rather than the norm, as retail activity has since remained subdued. 
Supporting this view, active LINK addresses have hovered consistently between 
28,000 and 32,000 per day, while transaction counts average around 9,000 
daily. These figures have not rebounded from previous activity peaks seen in 
late 2024, even as Chainlink’s oracle usage has expanded. Meanwhile, elevated 
levels of exchange withdrawals, peaking at over 3,000 per day in Q4 2024, 
remain a dominant force. With leverage metrics staying neutral, whales have 
been able to withdraw LINK without introducing significant price volatility, 
resulting in a 40% year-to-date drop in exchange reserves. Market Outlook 
Hinges on Retail Reentry or Whale Fatigue As LINK’s consolidation persists, 
the path forward may depend on a shift in market dynamics. Banker points out 
that a meaningful breakout will likely require renewed participation from 
retail traders, as evidenced by a spike in active wallet addresses and 
transaction volume. Related Reading: Chainlink Holders Set Record As 1-Yr MVRV 
Signals ‘Opportunity’ If these metrics rise and price breaks above the $15 
price mark, momentum could build for a stronger upward trend. On the other 
hand, a decline in whale-driven withdrawals or an increase in exchange inflows 
could weaken accumulation, potentially pushing LINK back down toward the $10 
level. Banker added: Until catalysts emerge, whales silently build positions, 
echoing Bitcoin’s 2023 consolidation before its 2024 surge. Featured image 
created with DALL-E, Chart from TradingView