As tokenized assets gain traction and Wall Street accelerates blockchain adoption, the SEC is drawing a clear line: compliance will decide who wins the digital securities race. SEC’s Peirce Urges Compliance as Tokenization Models Evolve Investor enthusiasm for tokenized assets is climbing, but regulators are signaling that compliance—not just innovation—will define the market’s next phase. […]

SEC Commissioner: Tokenization Promising, but No ‘Magic’ Exemption From Rules

Ethereum surged over 5% yesterday, pushing past the key $2,700 level and 
signaling renewed strength across the altcoin market. After weeks of sideways 
action and uncertainty, this move marks a small but significant breakout, 
reigniting bullish sentiment among investors and traders. The breakout comes 
as Bitcoin continues to consolidate below its all-time highs, allowing ETH and 
other altcoins to take the lead. Related Reading: Bitcoin 30-Day Average 
Funding Rate Drops – Bullish Setup Takes Shape Market participants are closely 
watching Ethereum’s price action, as its movements often set the tone for the 
broader altcoin space. Top analyst Ted Pillows shared a technical view 
highlighting that ETH is once again trading at the top of its recent range. A 
breakout above this level could confirm the beginning of a larger expansion 
phase for altcoins. With bullish momentum building and Ethereum holding strong 
above reclaimed support levels, traders are becoming increasingly confident 
that the altcoin market may be on the verge of a broader breakout. However, 
key resistance still lies ahead, and the next few days will be crucial in 
determining whether Ethereum has the strength to continue higher and lead a 
new leg up in the crypto cycle. Ethereum Trades at Range Highs: Breakout Looms 
Ethereum has spent the past several weeks consolidating in a well-defined 
range between approximately $2,400 and $2,800, a structure that began forming 
in early May. Despite short-term volatility, ETH has held key support levels, 
suggesting that bulls remain in control. Now, with price action pushing toward 
the upper boundary of the range once again, the market is watching closely to 
see whether Ethereum can break through resistance and initiate a sustained 
rally. The broader macroeconomic backdrop has shifted in favor of risk assets. 
In the US, strong labor market data and wage growth have helped ease concerns 
of an economic slowdown. Meanwhile, the resolution of several global 
geopolitical tensions has reduced uncertainty, allowing markets to stabilize. 
This supportive environment could give Ethereum the fuel it needs to attempt a 
breakout. Ted Pillows recently highlighted that Ethereum is now trading at the 
range highs again — a level that has repeatedly capped price advances in 
recent months. According to Pillow, a confirmed breakout above the $2,800 
resistance would likely trigger renewed momentum for ETH and potentially spark 
a broader move across the altcoin market. Related Reading: Ethereum Price 
Action Signals Momentum Shift: BTC Sleeps And ETH Moves $2,800 Resistance Now 
In Sight Ethereum is showing renewed strength as it breaks out of a multi-week 
consolidation range, with the latest 12-hour candle closing above $2,760. The 
price action has decisively reclaimed the $2,700 level and is now testing the 
critical $2,800 resistance zone. This breakout is supported by a clear surge 
in volume, confirming bullish momentum. The 50, 100, and 200-period moving 
averages are all trending upwards and currently sit well below the current 
price, a strong technical sign of sustained momentum. ETH has moved above all 
three key SMAs, confirming that bulls are in control in the short to medium 
term. Notably, this is the highest ETH has traded since early June, and the 
candle structure resembles a classic continuation breakout setup. Related 
Reading: ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On 
The Rise A successful daily close above $2,800 would open the door for an 
expansion toward the $3,000 level and potentially higher if momentum holds. 
However, the key now lies in whether buyers can sustain this move without 
immediate rejection at resistance. If ETH can hold above $2,700 and build 
support, the breakout could serve as a launchpad for altcoins, especially as 
Ethereum often leads broader market moves. Featured image from Dall-E, chart 
from TradingView

Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason

The Venn Network team suspects the attack was linked to the North Korean 
Lazarus Group, citing its complexity and widespread deployment.

Researchers foil $10M DeFi backdoor in thousands of smart contracts

The Reserve Bank of Australia is advancing a pilot to test digital money and 
tokenized settlements, with regulatory relief granted to participants to 
enable testing beyond current regulatory frameworks. Australia’s central bank, 
in partnership with the Digital Finance Cooperative Research…

Australia begins second phase of tokenized asset and CBDC settlement trials with major banks

RCADE, the native token of the Arbitrum Layer 3 gaming-focused RCADE Network, 
experienced a sharp price drop following its listing on major cryptocurrency 
exchanges, including Binance Alpha and Bitget. On July 9, RCADE was officially 
listed on Binance Alpha, Binance’s…

RCADE Network down 30% a day after Binance Alpha and Bitget listings

The crypto ATM operator kept the leak quiet for over a year, citing federal 
procedures and law enforcement investigations. According to a recent filing 
with the Maine Attorney General’s office, the breach was first detected on 
June 23, 2024, when…