El Salvador approved indefinite reelection for President Bukele and extended terms to six years, sparking backlash from critics warning of rising authoritarianism.

Salvadoran President Nayib Bukele can now run for election indefinitely

DeFi Education Fund called on the Senate Banking Committee to frame a key 
crypto market bill in a more tech-neutral way and strengthen crypto developer 
protections in a recent letter.

DeFi Education Fund urges Senate to strengthen crypto dev protections in draft bill

XRP has overtaken ethereum as Coinbase’s top revenue-generating asset, fueled 
by surging trading volumes, regulatory clarity, and an aggressive expansion 
into U.S. crypto derivatives. XRP Tops ETH on Coinbase With Blazing Revenue 
and a Derivatives Wave Incoming Crypto exchange Coinbase (Nasdaq: COIN) 
disclosed in its Form 10-Q filed with the U.S. Securities and Exchange 
Commission […]

XRP Overtakes ETH on Coinbase as Revenue Surges and Futures Catch Fire

Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 
after briefly touching the $3,800 mark. Related Reading: XRP Breakout Targets 
$15—Analyst Says ‘This Is Just The Start’ The pullback comes after a robust 
July rally, which saw the world’s second-largest cryptocurrency surge more 
than 50%, its best monthly gain in three years. Despite the recent dip, on- 
chain data suggests the uptrend may not be over. Glassnode’s latest analysis 
points to a potential new all-time high (ATH) of $4,900, fueled by bullish 
investor sentiment, growing ETF inflows, and rising open interest (OI) in 
futures markets. Glassnode Points to a $4,900 Ethereum Target According to 
Glassnode, Ethereum is trading near its March 2024 levels, yet unrealized 
profits remain comparatively lower. This divergence implies a large upside 
potential as investors are not yet cashing out, signaling confidence in 
further gains. The firm’s analysis shows that if unrealized profits reach the 
same levels as in 2024, ETH would likely climb toward $4,900, marking a new 
ATH and testing the critical psychological resistance at $5,000. This could 
reflect a growing shift in how investors treat Ethereum, from a speculative 
token to a core financial asset. ETH&#8217;s price records a small decline on the 
daily chart. Source: ETHUSD on Tradingview Open Interest and ETF Demand 
Reinforce Bullish Outlook Rising open interest further supports Ethereum’s 
bullish case. Crypto futures data indicates that more traders are opening long 
positions on ETH, reflecting expectations of further upside. Ethereum’s OI has 
been a key contributor to the broader altcoin market rebound. Moreover, spot 
Ethereum ETFs, especially BlackRock’s iShares Ethereum ETF, saw over $4 
billion in inflows in July 2025, pushing total ETH ETF holdings to $21.85 
billion. The surge underscores Ethereum’s rising status among institutional 
investors and may amplify future price movements. Related Reading: Coinbase 
Bitcoin Premium Just Turned Red For The First Time Since May — What This Means 
With Ethereum facing resistance at $4,000, the convergence of strong 
technicals, investor optimism, and institutional demand paints a promising 
outlook. If momentum continues, ETH may soon chart new territory above its 
previous highs. Cover image from ChatGPT, ETHUSD chart from Tradingview

Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead

Crypto ETFs has taken a massive leap forward as SEC approval of in-kind 
mechanisms slashes costs, boosts efficiency, and propels digital assets deeper 
into mainstream finance. Bitwise Hails SEC Approval of In-Kind Mechanism as 
Pivotal for Crypto ETFs Asset management firm Bitwise explained on July 30 via 
social media platform X why the U.S. Securities […]

SEC’s ETF Shift Could Send Crypto Flows Into Overdrive

Bitcoin took a tumble today, dipping almost 3% versus the U.S. dollar, hitting 
an intraday low of $112,680. After that dip, the leading crypto asset by 
market cap bounced back, rising just above the $113,000 mark. Bitcoin Battered 
as $3.66T Crypto Market Nosedives Cryptocurrency markets took a beating today, 
with the crypto economy shrinking by […]