The Bor layer, which handles transaction execution, did not experience any downtime and continued producing blocks, the Polygon team said.

Polygon Hemidall mainnet experiences temporary outage

The company continues to accumulate BTC through corporate equity and debt 
offerings, but class action lawsuits against Strategy are mounting.

Strategy expands STRC offering twice in two weeks

Bitcoin exchange-traded funds (ETFs) faced a setback with $115 million in 
outflows after days of steady gains, while ether ETFs kept their remarkable 
streak alive with a modest $17 million inflow. Bitcoin ETFs End Positive 
Streak With $115 Million Outflow As Ether Stays Green A shift in market 
sentiment hit bitcoin ETFs on Thursday, July […]

Ether ETFs Secure 20th Straight Day of Inflows as Bitcoin ETFs Turn Red

With officials urging companies to “reshore crypto,” global companies are 
expanding US operations as the Trump administration rolls out pro-crypto 
reforms.

SEC Chair Aktins calls to ‘reshore crypto’ as companies move back to the US

Ethereum has faced an 8% correction since Monday, cooling off from its recent 
rally and slipping below the key $3,850 level. This move suggests that the 
bullish momentum that carried ETH higher in July is beginning to fade, with 
price now entering a critical consolidation phase. Bulls are still holding key 
support levels, but the threat of a deeper correction is growing as selling 
pressure intensifies. Related Reading: Bitcoin New Investor Dominance Rises – 
No Signs of Mass Profit-Taking Yet On-chain data shows signs of profit-taking 
from large investors, adding to short-term volatility and uncertainty. Heavy 
selling volume over the past two days has sparked speculation across the 
market, especially as Ethereum remains below recent local highs. Analysts are 
split in their outlook—some argue that this is a healthy pullback within a 
broader uptrend, while others warn of a potential slide toward the 
$3,400–$3,500 range if sentiment worsens. Despite the recent drop, Ethereum’s 
long-term structure remains intact, with fundamentals like growing DeFi usage 
and Layer 2 adoption continuing to support the narrative. However, the next 
few days will be critical. If bulls can defend current levels and regain 
momentum, ETH could attempt another move toward $4,000. If not, the market may 
see extended downside pressure before a clearer recovery emerges. Ethereum 
Sees Massive Sell-Off In Two Minutes According to top analyst Maartunn, 
Ethereum experienced a dramatic spike in taker sell volume, reaching $335 
million in just two minutes. This massive wave of sell orders signals a key 
moment in the market, one that could mark either the peak of profit-taking or 
the end of panic-driven capitulation. While some interpret the event as large 
investors securing gains after the recent rally, others believe this could 
reflect emotional selling from retail traders spooked by short-term 
volatility. Despite the heavy selling pressure, Ethereum’s long-term bullish 
narrative remains intact. Large players continue to accumulate, taking 
advantage of dips and buying from weaker hands. This activity suggests 
strategic positioning ahead of expected growth in adoption, especially as 
Ethereum cements its dominance in decentralized finance (DeFi) and real-world 
asset (RWA) tokenization. ETH spent months in a downtrend earlier this year, 
weighed down by macro uncertainty and regulatory fears. Yet, while the broader 
market showed weakness, sophisticated investors appeared to accumulate. Now, 
with sentiment shifting and the price structure strengthening, Ethereum seems 
well-positioned for the months ahead. The $335 million sell-off highlights 
market vulnerability—but also shows that whales are stepping in. If price 
holds current levels and sentiment stabilizes, Ethereum could see a renewed 
push toward the $4,000 mark as confidence returns. Related Reading: Whale Buys 
$153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big ETH 
Tests Support After Breakdown Ethereum (ETH) has officially broken below its 
critical resistance zone near $3,860, signaling increased selling pressure and 
short-term weakness. After maintaining a steady range for nearly two weeks, 
the price has dropped to $3,619 on the 4-hour chart, finding temporary support 
just above the 100-period SMA (green line), currently near $3,670. This 
breakdown comes amid an uptick in bearish volume, suggesting momentum may 
favor sellers in the short term. The 50-period SMA (blue line), located around 
$3,762, has now turned into near-term resistance, capping any immediate 
recovery attempts. If bulls fail to reclaim the $3,760–$3,800 zone, Ethereum 
could risk deeper downside toward the next key support around $3,175 (200 SMA, 
red line) or even $2,852, which served as a base in early July. Related 
Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Despite 
this weakness, the broader trend remains structurally bullish as long as price 
stays above the 200 SMA. However, bulls must reclaim the $3,860 level and 
build momentum above it to regain strength. Until then, volatility is 
expected, especially as profit-taking and macro uncertainty weigh on 
sentiment. Featured image from Dall-E, chart from TradingView

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking?

The roundtables, scheduled to be held in 10 cities, will focus on crypto 
startups less than two years old and with 10 or fewer employees.