While most firms treat NFTs as marketing gimmicks, GameSquare is flipping the script, deploying them as financial instruments.

How GameSquare is monetizing a $38m Ether treasury with NFTs

BNB, the native token of BNB Chain, reached an all-time high of $801 during 
early Asian trading hours on July 23. The milestone comes after a 4% gain over 
the past 24 hours and a 14% rise over the past…

BNB hits $801 all-time high as institutional accumulation accelerates

Bitcoin&#8217;s price remains in a zone where it is seeing little upward momentum as 
it continues to hover below its recent all-time high. After reaching above 
$123,000 earlier this month, the asset has pulled back slightly, trading at 
$119,343 at the time of writing. This represents a 2% gain over the past week 
but still leaves BTC roughly 3% below its recent peak. The muted price action 
reflects a market that appears to be consolidating amid diverging signals from 
on-chain indicators and regional demand metrics. Recent analysis from 
CryptoQuant contributors points to a weakening appetite for Bitcoin in both 
the US and South Korea, two markets that have historically contributed 
significant trading volume. A closer look at exchange activity and regional 
pricing premiums suggests a potential shift in investor behavior, as profit- 
taking becomes more prominent and traders appear hesitant to buy at current 
levels. Related Reading: Bitcoin Correlation To Altcoins Is Collapsing: A 
Warning Sign? Regional Premiums Point to Lower Demand from US and South Korea 
According to a post by CryptoQuant analyst Arab Chain, the Coinbase Premium 
Index, which measures the price difference between Bitcoin on Coinbase and 
other global exchanges, has failed to climb significantly despite BTC reaching 
record highs in July. The index remained around levels seen in June, 
suggesting that US investors using Coinbase have not been aggressively buying 
Bitcoin during the rally. Arab Chain noted that the index’s movement toward 
negative territory alongside Bitcoin’s price increase may indicate profit- 
taking among American investors. This implies that some may be anticipating a 
correction before re-entering the market. Similarly, the Korea Premium Index 
has declined, signaling reduced demand from retail investors in South Korea. 
This index reflects the spread between Bitcoin’s price on Korean exchanges and 
global averages. The negative trend suggests Korean traders have been selling 
below the global average, with weak buying interest on local platforms. Arab 
Chain interprets this as retail traders possibly waiting for a discount to 
reenter the market, indicating caution among individual investors in Asia’s 
key crypto hub. Exchange Inflows Suggest Rising Sell Pressure Adding to the 
picture, another CryptoQuant contributor, ShayanMarkets, highlighted a notable 
development in BTC’s on-chain activity. The latest data reveals Bitcoin has 
experienced its largest net inflow to exchanges since July 2024. Typically, 
large inflows signal that holders are preparing to sell, increasing supply on 
trading platforms and contributing to potential downward price pressure. 
ShayanMarkets explained that this behavior, especially when occurring near 
all-time highs, may indicate institutional or fund-driven profit-taking. Such 
moves often align with efforts to reduce risk exposure during overextended 
market rallies. Historically, spikes in exchange inflows have been followed by 
price corrections, making this a trend to monitor closely. Related Reading: 
Bitcoin Holders Are Taking Profits—But Is the Top Still Far Away? However, the 
redistribution of capital from Bitcoin into other assets may benefit the 
broader crypto market. The analyst noted that altcoins could see renewed 
interest as funds rotate out of BTC. If the trend continues, traders may 
observe increased volatility and speculative movement across alternative 
tokens in the short term. Featured image created with DALL-E, Chart from 
TradingView

Bitcoin Hovers Below $120K as On-Chain Indicators Point to Slowing Demand

An alternative asset investment platform has partnered with the decentralized 
physical infrastructure network project Mawari to launch the first license 
sale of guardian nodes for U.S. investors. Democratizing Access to 
Decentralized Infrastructure The alternative asset investment platform, 
Republic, has partnered with the decentralized physical infrastructure network 
(DePIN) project Mawari to launch the first license sale […]

Republic, DePIN Project Mawari Launch Landmark US Node Sale via Reg D

21Shares has filed a preliminary application with the US Securities and 
Exchange Commission for an ETF tracking the token of the DeFi platform Ondo 
Finance.

21Shares files with SEC for spot ONDO ETF

XRP price started a fresh increase and traded above the $3.40 zone. The price 
is now consolidating gains and might aim for a fresh increase above the $3.550 
zone. XRP price started a fresh increase above the $3.420 zone. The price is 
now trading above $3.450 and the 100-hourly Simple Moving Average. There is a 
short-term bullish trend line forming with support at $3.480 on the hourly 
chart of the XRP/USD pair (data source from Kraken). The pair could start 
another increase if it stays above the $3.350 zone. XRP Price Eyes Fresh 
Increase XRP price started a fresh increase after it settled above the $3.350 
level, beating Bitcoin and Ethereum. The price was able to climb above the 
$3.50 resistance level. The bulls remained in action and the price gained pace 
for a move above $3.550 barrier. Finally, the price tested the $3.650 zone. A 
high was formed at $3.660 and the price recently corrected some gains. A low 
was formed at $3.425 and the price is now consolidating. There was a move 
above the 50% Fib retracement level of the recent decline from the $3.650 
swing high to the $3.425 low. The price is now trading above $3.450 and the 
100-hourly Simple Moving Average. There is also a short-term bullish trend 
line forming with support at $3.480 on the hourly chart of the XRP/USD pair. 
On the upside, the price might face resistance near the $3.550 level or the 
61.8% Fib retracement level of the recent decline from the $3.650 swing high 
to the $3.425 low. The first major resistance is near the $3.60 level. A clear 
move above the $3.60 resistance might send the price toward the $3.650 
resistance. Any more gains might send the price toward the $3.720 resistance 
or even $3.80 in the near term. The next major hurdle for the bulls might be 
near the $4.00 zone. Another Drop? If XRP fails to clear the $3.550 resistance 
zone, it could start another decline. Initial support on the downside is near 
the $3.480 level. The next major support is near the $3.420 level. If there is 
a downside break and a close below the $3.420 level, the price might continue 
to decline toward the $3.350 support. The next major support sits near the 
$3.320 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now 
losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The 
RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.420 and 
$3.350. Major Resistance Levels – $3.550 and $3.660.