Billionaire Peter Thiel has bought a 9.1% stake in the crypto mining service company BitMine, which sent the company’s stock soaring in after-hour trading.

BitMine surges after-hours as Peter Thiel discloses 9% stake

After weeks of whisper-quiet consolidation, Ethereum has finally found its 
voice, roaring through a historically thin price zone with conviction. Backed 
by heavy volume and strong weekly closes, ETH’s breakout isn’t just technical. 
The silence is over, and the bulls are back in charge. Weekly Charts Tell The 
Story: ETH Strength vs. SOL Struggle Cazz, in a recent update on X, 
highlighted a significant development on the Ethereum weekly chart. The 
ETH/USD pair has broken out of an 8-week tight consolidation range. This 
breakout came on the back of high volume and strong weekly closes near the 
highs. Its rapid price movement through a historically thin zone further 
confirms that this is classic big money behavior. Related Reading: Ethereum 
Bulls Roar — $3K Beckons After 5% Spike The technical structure suggests 
Ethereum’s bullish momentum is not only gaining traction but also aligning 
with broader institutional interest. This kind of breakout pattern often 
indicates the start of a stronger trend, especially when accompanied by 
elevated volume and price conviction as seen on the chart. In contrast, the 
SOL/ETH chart is showing a completely different story. Cazz pointed out that 
the pair is breaking down below long-term support on the weekly timeframe. 
This signals relative weakness and may be a sign that market participants are 
shifting preference away from SOL in the short and medium term. While Solana 
could still deliver in isolated moves, the overall structure puts Ethereum as 
the stronger asset. Cazz’s analysis suggests a shift in market leadership, 
with Ethereum gaining strength through “classic big money behavior” while 
Solana shows weakness. As ETH asserts itself as the institutional Layer 1, it 
could be entering a more dominant phase in the near term. ETH Shifts Gears: 
From Accumulation To Acceleration According to Cazz, after “more than a year 
of sideways action and base building,” which he notes “can be a sign of 
institutions building substantial positions,” ETH appears to be transitioning 
into a new leadership phase. This shift is backed by strong fundamentals 
(tokenized treasuries, RWAs, DeFi infra) and upcoming regulatory catalysts, 
all pointing toward Ethereum’s growing dominance. Related Reading: Ethereum 
Price Signals Strength — Bullish Pop May Be Just Ahead Cazz highlighted that 
“Ethereum memes are coming back to life on big volume,” signaling a strong 
return in community sentiment and trader interest. This renewed energy around 
Ethereum memes is happening as the price breaks through key levels and 
narratives regain traction in the market. In his observation, Cazz pointed out 
that some are already up 5-10x from local bottoms, showcasing just how quickly 
opportunities are unfolding in the Ethereum ecosystem. Such momentum suggests 
that the quiet accumulation phase may now be giving way to a more aggressive 
rally led by both fundamentals and capital rotation. Featured image from 
iStock, chart from Tradingview.com

Ethereum Rips Through Thin Zone: A Loud Move After Weeks of Silence

DFINITY’s AI-driven Caffeine platform opens early access to a new paradigm: 
apps written by language, deployed on a sovereign network, and shaped by 
anyone with a thought to express. According to a press release shared with 
crypto.news on July 16,…

DFINITY’s ‘Caffeine’ wants to turn ideas into apps as easily as sending a text

Bank of America and other legacy financial institutions have been increasingly 
associated with stablecoins amid the growing push for regulatory clarity.

BoA exploring stablecoins to help move trillions in client transactions, CEO says

Over a span of 21 days, the Altcoin Season Index (ASI)—which rates between 0 
and 100, with anything above 75 signaling an altcoin season—climbed 
significantly, rising from just 12 to 39 by July 16. From BONK to PENGU: Some 
Crypto Assets Are Exploding in Value as Altcoins Scream for Attention As of 11 
a.m. Eastern […]

Altcoin Frenzy Builds: Index Jumps 225% in 21 Days—Is Crypto’s Wildest Season Finally Arriving?

Liquidity follows speed, and BNB Chain is betting big. With a 2026 upgrade 
targeting stock exchange-level throughput and latency, the network could 
become the go-to venue for high-volume, institutional-grade DeFi. In a blog 
post dated July 16, BNB Chain outlined…