Pudgy Penguins has denied rumors about buying OpenSea, and redirecting attention to the project&#8217;s major partnership strategy.

No OpenSea deal—Pudgy Penguins says it’s all about partnerships

Bitcoin has climbed 250% since BlackRock’s IBIT launch. But those massive 
green candles—spikes traders chase—could become a thing of the past. Related 
Reading: Bitcoin’s New Clock: How Wall Street Killed The Old Cycle, According 
To Expert According to Bloomberg analyst Eric Balchunas, the era of sudden 
jolts up or down may be ending. He says that spot ETFs and big companies 
piling in will smooth out those drawdowns. Spot ETF Approval Era Balchunas 
pointed out that IBIT just passed $100 billion in assets under management. 
Based on his view, that landmark tells you everything. Bitcoin traded between 
$116,000 and $120,000 after Galaxy Digital sold 80,000 coins. No panic 
sell‑off followed. Before ETFs, a sale like that could send prices tumbling by 
double‑digit percentages. Now, deep corrections look less likely. This guy 
gets it. We’ve been saying same thing. Since BlackRock filing Bitcoin is up 
like 250% with much less volatility and no vomit-inducing drawdowns. This has 
helped it attract even bigger fish and gives it fighting chance to be adopted 
as currency. Downside is prob no more… https://t.co/0ECd5XevcO — Eric 
Balchunas (@EricBalchunas) July 26, 2025 In‑and‑out profit‑hunters once drove 
Bitcoin up or down by 20% or more in a day. But steady inflows from regulated 
products lure in large investors. Balchunas argues that fewer wild swings will 
make crypto more useful for buying coffee or paying bills. He believes this 
shift will help Bitcoin behave more like a real currency and not just a 
roller‑coaster asset. Institutional Steady Hands Based on reports from 
Citigroup, every $1 billion of ETF inflows can lift Bitcoin by about 3.6%. 
Using that math, Citi sees Bitcoin hitting $199,000 before December 31. That 
forecast depends on steady money flowing in. Big funds make big bets. And 
those bets tend to stick around longer than retail traders chasing quick 
gains. Citigroup notes that BlackRock’s IBIT became the fastest ETF to reach 
$100 billion. That matters because it shows how hungry big players are for 
crypto. If those trends keep up, Bitcoin could push past its current trading 
band. It may even test new highs without the classic “God candle” leaps that 
gave quick fortunes—and quick losses. Volatility Trade‑Offs Meanwhile, some 
analysts warn that early Bitcoin whales are taking profits and stepping aside. 
As institutions arrive, some old‑school traders will leave. That could shift 
volume to less regulated spots or exotic derivatives markets. In a calmer main 
market, risks may hide in side channels. Related Reading: Wall Street’s Bold 
Bet: Bitcoin Could Hit $200K By December, Banking Giant Says Lower volatility 
brings fewer heart‑stopping moments. It also means less of the adrenaline rush 
that attracts day‑traders. For some, that trade‑off is worth it. For others, 
the loss of big swings could drive them away. Calmer Waters Ahead? Overall, 
Bitcoin seems to be entering a new phase. Based on Balchunas’s take, those 
“God candles” won’t vanish overnight—but they’ll be rare. The push from spot 
ETFs and corporate treasuries aims to make price moves smoother. Featured 
image from Meta, chart from TradingView

Bitcoin’s Parabolic Glory Days May Be Over, Analyst Claims

Coinbase&#8217;s Conor Grogan revealed that at least 913,111 Ethereum worth $3.43 
billion has been permanently lost due to user errors.

Ethereum ghost ledger: $23b gone, burned, or bugged—Coinbase exec breaks it down

Bitcoin&#8217;s price traded between $117,922 and $118,020 over the last 60 minutes, 
indicating minimal price volatility in the short term. With a market 
capitalization of $2.34 trillion and a 24-hour trading volume of $22.32 
billion, bitcoin maintained an intraday range between $117,196 and $118,479, 
reflecting tight consolidation near recent highs. Bitcoin Bitcoin’s 1-hour 
chart shows […]

Bitcoin Price Watch: Neutral Technicals Leave Bulls and Bears in Deadlock

The overall crypto market shows signs of cooling, but several altcoins 
continue to rally. URANUS is in the lead with a notable 175% increase.

URANUS jumps 175%, NILA spikes double digits while market rally slows down

Sygnum’s Fabian Dori says the GENIUS Act brings the U.S. closer to global 
consensus on stablecoin regulation, paving the way for real-world use cases.