Cardano founder Charles Hoskinson says he will read the full audit report over a livestream when it is released next month.

Charles Hoskinson says audit report ‘shaping up’ for August release

Over the past week, the Ethereum (ETH) market recorded a solid positive price 
performance, reaching as high as $3,600. Notably, the second-largest 
cryptocurrency, among many altcoins, is experiencing a strong bullish momentum 
as evidenced by price gains of 45.48% over the last month. Amid the present 
market euphoria, Dutch market analyst Gert Van Lagen has backed Ethereum&#8217;s 
chances for sustained price gain based on an Elliott wave analysis. Related 
Reading: Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving 
It Ethereum To Complete Bull Market Cycle On High Note &#8211; Analyst The Elliot 
wave theory is a technical framework used to predict price targets by 
identifying repetitive patterns in price movements driven by investor 
psychology. In an X post on July 18, Van Lagen explains that this price 
forecast framework indicates that Ethereum may be entering the final phase of 
its bull market cycle, with a potential price target of $10,000. According to 
the analyst, the ETH bi-weekly trading chart suggests the cryptocurrency is 
completing a textbook five-wave cycle that began in 2022, with the fifth and 
final wave now unfolding in the form of an expanding diagonal. For context, 
the Elliot wave theory identifies a single price cycle in five waves, each 
composed of subwaves abc. As seen in the chart above, this includes the wave I 
marked by an initial impulse rally, followed by a sharp corrective Wave II as 
seen between 2022 and 2023. Wave III is defined by explosive momentum, pushing 
Ethereum to new highs, before entering a lengthy Wave IV consolidation 
characterized by a flat correction. Finally, there is wave V, i.e., the 
current status of the market, which is usually a final price surge. After 
breaking out of the upper boundary of the Wave 3–4, Gert Lagen explains that 
Ethereum is about completing subwave a of wave V following its most recent 
price gains. Therefore, investors should expect a brief pullback to retest the 
breakout zone, which would complete subwave ‘b’. After that, a blow-off rally 
forming subwave ‘c’ is on the cards, i.e., a price move that could push 
Ethereum to the $10,000 mark based on a broader Elliott wave analysis on the 
Ethereum bull market stretching from 2019 to date. Related Reading: Bitcoin 
Climbs, But NVT Indicator Sends a Surprising Signal Ethereum Price Overview At 
press time, Ethereum is trading at $3,657, posting gains of 1.79% over the 
past 24 hours and 21.8% over the last seven days. However, daily trading 
volume has dropped by 46.03%, signaling a potential weakening in the bullish 
momentum behind the current price surge. Following its most recent gain, the 
altcoin continues to retain its position as the second-largest cryptocurrency 
with a market cap of $441.14 billion and 11.1% market share. Featured image 
from Pexels, chart from Tradingview

Ethereum Set To Hit $10,000, Elliott Wave Analysis Predicts

Bitcoin’s price holds steady at $118,000 as it continues to consolidate below 
key resistance levels. The asset commands a market capitalization of $2.34 
trillion with strong 24-hour trading volume of around $24.52 billion and an 
intraday range of $117,502 to $118,483, indicating subdued volatility near a 
psychological inflection point. Bitcoin On the 1-hour chart, bitcoin […]

Bitcoin Price Watch: $117.5K to $118K Consolidation Signals Tension Before Breakout

The GENIUS Act marks a turning point for crypto regulation, but experts say 
true integration with finance and identity systems is only beginning.

Experts say ‘just a starting point’ as Crypto Week ends on a high note

After years of trading below its previous all-time high from 2018, XRP finally 
broke through the $3.40 ceiling to hit a fresh record of $3.65 on Friday, July 
18. The move capped off a rally that had seen the cryptocurrency rise by 68% 
from its July open. Related Reading: Whales? No, Newbies: Surge In New BTC 
Holders Fuels Market Rally—Study However, XRP has returned to hovering around 
the $3.40 to $3.50 zone following the breakout, and attention is shifting to 
the possibility of a strong pullback. Interestingly, prominent XRP analyst 
Egrag Crypto says that a retest to $3.12 might be necessary before any further 
price increase. Analyst Points To $3.12 As Retest Zone In a new post on social 
media platform X, respected crypto analyst Egrag Crypto cautioned that XRP may 
be due for a retest of the $3.12 level. The analyst referenced the Fibonacci 
0.888 level, which currently sits at $3.1279, as a logical support zone if XRP 
were to retrace from its current price zone. According to his technical chart, 
XRP is currently consolidating within a descending channel on the 4-hour 
candlestick timeframe chart since it peaked at $3.65. However, it is still 
trading above $3.40, which is a bullish sign. “Staying above Fib 1.0 ($3.40) 
is a super bullish sign,” he noted, “but we still need to keep an eye on the 
descending channel.&#8221; Keeping this in mind, XRP could break below the $3.40 
level, and a retest could happen at Fib 0.888 ($3.12). The $3.12 level stands 
out not just because of Fibonacci symmetry, but also because it coincides with 
an order block that formed as XRP pushed to new highs. If XRP returns to test 
this level and holds firm, it may confirm strength in the current rally 
structure and build the foundation for a continued climb toward the 1.21 
Fibonacci extension, which is situated at $4.16. Chart Image From X: Egrag 
Crypto Bullish Momentum Still Intact Although some investors may see a drop to 
$3.12 as a setback, Egrag believes the outcome could actually be bullish in 
the bigger picture. “If we do see a retest here, it could set us up for 
another launchpad,” he explained. However, skipping the retest entirely would 
be even more telling as a clear sign that the bulls are stronger than 
anticipated. Related Reading: $57 Billion Mistake? Ex‑Ripple Engineer Reveals 
XRP Investment Blunder A clean hold above $3.40 in the coming days would point 
to bullish dominance, especially if XRP breaks out of the yellow descending 
channel featured in Egrag’s chart. On the other hand, a controlled revisit to 
the $3.12 zone may offer a better entry point for new investors and prepare 
XRP for its next leg up to the $4.16 price target highlighted in the analysis. 
At the time of writing, XRP is trading at $3.49. Featured image from Unsplash, 
chart from TradingView

XRP Hits New ATH, But $3.12 Retest Still In Play

Alexander Wei, a member of Openai&#8217;s Large Language Model (LLM) and reasoning 
research team, reported that a next-generation artificial intelligence (AI) 
experimental reasoning model achieved gold medal-level performance at the 
International Math Olympiad (IMO). Openai CEO Sam Altman emphasized that this 
is part of their effort to advance general intelligence. Openai&#8217;s Experimental 
AI Model Receives […]