Altcoin season kicks in during the last week of July. Pudgy Penguins, Ethena, Story, Flare and Cronos, added between 15% and 39% to their value in the last seven days.

Chart of the week: Altcoins ENA, PENGU, IP, FLR, CRO could rally

Welcome to Latam Insights, a compilation of the most relevant crypto news from 
Latin America over the past week. In this week&#8217;s edition, Brazil is set to 
debate Lula&#8217;s controversial crypto tax, the probe into Libra&#8217;s launch offers 
new revelations, and Nubank has launched a new token-based fidelity program. 
Brazilian Congress to Debate Lula-Imposed Crypto […]

Latam Insights: Brazil to Debate Controversial Crypto Tax; Libra Probe Sparks New Revelations

A Bitcoin whale from the early 2010s, holding coins mined or acquired in 
Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled 
by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 
billion) on behalf of this client, who is described as a “Satoshi-era” 
investor. Despite this massive sale and the volatility that came after, 
Bitcoin has managed to steady and the ensuing price action shows that bulls 
were more than prepared to absorb the sell shock. Related Reading: Wall 
Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says 
Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip News of the $9 billion 
Bitcoin sale initially caused price volatility. Bitcoin’s price had recently 
been trading around $119,000, so the sudden influx of sell orders caused a 
short-lived pullback. On July 25, as reports of Galaxy’s whale sale spread, 
BTC/USD swiftly fell to around $114,000 to $115,000. The sheer size of 80,000 
BTC (over 0.4% of total supply) hitting the market had the potential to 
trigger panic. Indeed, there were signs of profit-taking and higher exchange 
inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, 
which is one of Bitcoin’s steepest intraday dips in weeks, temporarily 
breaking below the $115,000 support level. However, it soon became clear that 
Bitcoin’s bulls were more than prepared to absorb the shock. The price decline 
bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded 
above $117,000, and it was trading back in the mid-$117,000. This rapid 
recovery demonstrated remarkable liquidity and depth in the Bitcoin market. 
“80,000 BTC, over $9 billion, was sold into open market order books, and 
Bitcoin barely moved,” observed crypto analyst Joe Consorti, showing how 
quickly buyers stepped in to counter the selling pressure. Image From X: Joe 
Consorti Back in earlier years, a sell order of this magnitude could have 
triggered a double-digit percentage price crash. By contrast, the ecosystem in 
2025 handled it with surprising ease. “The entire sale has been fully absorbed 
by the market,” noted Bitcoin analyst Jason Williams. What’s Next For Bitcoin 
Price? With the whale’s 80,000 BTC sale now largely in the rearview mirror, 
the next step is looking ahead to where Bitcoin might go from here. The fact 
that the market digested a $9 billion sell-off with only minor turbulence has 
many observers feeling even more bullish about Bitcoin’s trajectory. “We’re 
going so much higher,” Jason Williams noted. It’s a sentiment shared by 
several crypto analysts on X, who see the quick recovery as evidence of strong 
upward momentum. The consensus among bulls is that new all-time highs could be 
on the horizon in the coming months. Bitcoin already notched a record around 
$123,000 on July 14, but analysts are still calling for new highs above 
$130,000, $150,000, or even higher. Related Reading: Bitcoin’s New Clock: How 
Wall Street Killed The Old Cycle, According To Expert At the time of writing, 
Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours. Featured 
image from Unsplash, chart from TradingView

Dormant Whale Sells $80,000 BTC, But Bitcoin Bulls Still In Control

Onchain data reveals that a wallet widely thought to belong to Ripple co- 
founder Chris Larsen has shuffled close to 60 million XRP since July 15. 
Despite the flurry of activity, the wallet still sits on a hefty stash—282.49 
million XRP, currently valued at about $897 million. Massive XRP Transfers 
Link Back to Ripple Co-Founder and […]

Ripple Co-Founder’s Wallets Unleash Millions in XRP Transfers in July

Crypto funding rebounded during the week of July 20–26, with over $1 billion 
raised across 17 projects—marking one of the strongest weeks for fundraising 
this year. Infrastructure and AI-focused platforms dominated, with Satsuma’s 
$135 million raise and QCEX’s $112 million…

Crypto VC funding: Satsuma bags $135m, QCEX raises $112m

The price of Litecoin has been one of the brightest spots in the altcoin 
market over the past few weeks, jumping by more than 30% so far in the month 
of July. The LTC price, however, barely made a dent over the past week, 
mirroring the sluggish state of the crypto market in recent days. 
Nevertheless, the future still looks quite promising for Litecoin, with 
several analysts backing the cryptocurrency to embark on an extended rally 
over the next few months. In one such evaluation, a market expert on X has 
said that the price of LTC might be at the beginning of an upward rally. LTC 
Price Soared 11,900% Last Time This Happened In a July 26 post on the X 
platform, Chartered Market Technician (CMT) Tony Severino put forward an 
exciting prognosis for the price of Litecoin. According to the crypto expert, 
the altcoin appears on the verge of what might be a defining upward run in the 
coming months. Related Reading: Solana In The Danger Zone – Will $175 Support 
Hold Or Collapse? This projection is based on the recent movements of the 
Litecoin Average Directional Index (ADX) on the monthly timeframe. Average 
Directional Index is an indicator used in technical analysis to determine the 
strength of an asset’s price trend. The ADX indicator evaluates the strength 
of a price trend by measuring the degree of directional movement. These 
calculations are based on a moving average of price range expansion and 
contraction within a given timeframe. Typically, when the Average Directional 
Index is below 20, it implies that the market is consolidating or moving 
sideways. However, when ADX moves between 20 and 25, it signals that a trend 
might be forming for the asset. Meanwhile, when the ADX rises above 25, it 
confirms the formation of a strong trend. Severino noted that the Average 
Directional Index on the Litecoin monthly timeframe is now above 20, meaning 
that a trend is forming. Meanwhile, the positive Directional Indicator (DI+) 
found a support cushion at the ADX line and is now rising. This trend is 
similar to the one seen in 2017, where the ADX also crossed above the 20 mark 
and offered support to the DI+ (green line). This phenomenon was followed by a 
rally that saw the Litecoin price travel from around $3 to as high as $360 (an 
astounding 11,900% rally). Hence, the price of Litecoin could confirm the 
start of a strong rally if the ADX keeps rising and eventually sustainably 
breaches the 25 threshold Litecoin Price At A Glance As of this writing, the 
price of LTC stands at around $114.61, reflecting an over 1% increase in the 
past 24 hours. Related Reading: Bitcoin Pullback Remains Within Normal 
Volatility Range: Drawdown Analysis Shows No Signs Of Panic Featured image 
from PayPal, chart from TradingView