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Ripple has joined the newly launched x402 Foundation as a premier member, teaming up with Coinbase, Circle, and several other crypto firms to support an open payment protocol designed for the next generation of AI powered applications.

The foundation, hosted by the Linux Foundation, will oversee the development of x402, an open standard originally contributed by Coinbase that enables payments to be integrated directly into standard web interactions.

Building a Payment Layer for AI

The x402 protocol aims to make machine to machine payments as seamless as data exchange, allowing AI agents, applications, and APIs to send and receive funds without relying on traditional payment systems.

As autonomous AI systems evolve beyond generating recommendations to purchasing services, accessing paid APIs, and executing transactions independently, the protocol is expected to play an increasingly important role in supporting these interactions.

The foundation said its open, vendor neutral governance model is intended to ensure the payment infrastructure remains interoperable across multiple blockchain networks and payment methods rather than being controlled by a single company.

Ripple Brings XRP Ledger Support

Commenting on the initiative, Markus Infanger, Senior Vice President of RippleX, said open standards such as x402 are essential for building trusted and interoperable machine to machine payment networks.

He added that Ripple has already developed infrastructure on the XRP Ledger that supports the protocol, enabling AI applications to transact using both XRP and Ripple’s RLUSD stablecoin.

By joining the x402 Foundation, Ripple strengthens its push to position the XRP Ledger as a key payment infrastructure for the rapidly growing AI economy, while contributing to an open standard aimed at simplifying digital payments across the internet.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The US government has transferred nearly $300 million worth of Bitcoin and Ethereum to Coinbase Prime, sparking speculation that federal authorities could be preparing to liquidate part of their crypto holdings despite President Donald Trump’s previous commitment to preserve government-owned Bitcoin.

According to blockchain analytics platform Arkham Intelligence, the transactions involved wallets controlled by the US government and included assets seized through separate criminal investigations.

Nearly $300 Million Moved to Coinbase Prime

The transfers consisted of approximately 3,940 BTC, valued at around $244 million, and 30,014 ETH, worth roughly $53 million, bringing the total value of the transactions to about $297 million.

Arkham reported that the Bitcoin originated from assets confiscated in cases involving convicted dark web marketplace operator Ryan Farace and the now defunct BTC-e exchange. The Ethereum was linked to Brian Krewson, who was convicted in connection with a cryptocurrency custody and money laundering operation.

While transfers to Coinbase Prime often trigger speculation about potential sales because the platform supports institutional trading, the move alone does not confirm that the assets have been sold.

Coinbase Prime also provides custody, financing, and other institutional services, meaning the funds could simply be undergoing administrative or custodial transfers.

Does the Transfer Conflict With Trump’s Bitcoin Reserve Order?

If the assets were ultimately sold, questions would inevitably arise about whether the transaction conflicts with President Trump’s executive order establishing the Strategic Bitcoin Reserve in March 2025.

The order stated that government owned Bitcoin deposited into the reserve would not be sold, including Bitcoin obtained through asset seizures.

However, the language of the executive order leaves room for several exceptions.

Executive Order Allows Certain Exceptions

The restriction applies specifically to Bitcoin that has officially entered the Strategic Bitcoin Reserve. It does not prohibit every government sale of seized digital assets.

The order also permits cryptocurrency to be transferred or liquidated under certain circumstances, including returning assets to verified victims, supporting law enforcement operations, complying with court orders, sharing assets with state or local agencies, or fulfilling existing legal obligations.

As a result, even if the government were to sell the transferred $297 million in Bitcoin and Ethereum, it would not automatically mean the administration had violated the executive order.

The key questions remain whether these assets had formally been placed into the Strategic Bitcoin Reserve and whether they are still subject to restitution, forfeiture proceedings, or other legal requirements that could authorize their transfer or eventual sale.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin surged after the latest US Consumer Price Index (CPI) report showed inflation cooled more than economists had anticipated, easing concerns over aggressive monetary tightening and lifting sentiment across risk assets.

BTC had been trading below $63,000 ahead of the release before climbing nearly $1,000 within minutes, briefly touching $63,600 as traders reacted to the softer inflation data.

Inflation Cools More Than Forecast

While many analysts expected June inflation to ease modestly following the temporary ceasefire between the United States and Iran, the official figures exceeded expectations.

The CPI posted a 0.4% month over month decline, ending a three month stretch of consecutive increases. On an annual basis, inflation came in at 3.5%, well below the 4% level that some market participants feared could trigger a more hawkish response from the Federal Reserve.

The lower than expected reading immediately boosted market confidence, with Bitcoin leading gains across the crypto market.

Core Inflation and Oil Prices Remain Key Risks

Despite the encouraging headline number, the underlying picture remains more nuanced.

Much of the decline in headline inflation was driven by lower oil prices during June, when geopolitical tensions temporarily eased following the ceasefire between the US and Iran.

Core CPI, which excludes the more volatile food and energy categories, remained unchanged, suggesting underlying inflationary pressures have yet to show meaningful improvement.

Since the ceasefire ended last week and tensions in the Middle East have escalated once again, oil prices have resumed their upward trend. That development could push inflation higher in July and complicate the Federal Reserve’s policy outlook.

Markets Turn to the Next Fed Decision

The inflation report is expected to play an important role in shaping expectations ahead of the Federal Open Market Committee’s next meeting.

Many analysts had warned that an annual CPI reading above 4% could strengthen the case for additional interest rate hikes, creating headwinds for Bitcoin and other risk assets.

Instead, the softer 3.5% reading has eased some of those concerns, helping fuel Bitcoin’s initial rally.

After reaching an intraday high of approximately $63,600, BTC gave back a small portion of its gains as traders digested the data. Analysts expect volatility to remain elevated as markets continue reassessing the outlook for Federal Reserve policy in the weeks ahead.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin bounced back after falling below the $62,000 mark, while Pi Network’s PI token continued its steep decline, setting yet another all time low as selling pressure persisted across the broader crypto market.

Among major altcoins, DEXE joined PI as one of the day’s biggest losers, while HASH stood out with a rally of more than 25%.

Bitcoin Recovers After Geopolitical Selloff

Bitcoin’s recent price action has been dominated by macro events and geopolitical tensions.

Last week, the market initially reacted to Strategy’s announcement that it had sold a large portion of its Bitcoin holdings. The news sent BTC tumbling from around $64,000 to nearly $61,200, before buyers stepped in and pushed the asset back above $64,600 within hours.

The recovery proved short lived as renewed military tensions between the United States and Iran reignited risk aversion across financial markets. Bitcoin slipped again, this time falling to roughly $61,600, before recovering over the weekend to trade near $64,000.

The latest wave of selling came after President Donald Trump reinstated the US Navy blockade in the Strait of Hormuz, sending Bitcoin to another multi day low of approximately $61,800. The cryptocurrency has since rebounded by nearly $1,000, although it remains about 3% lower over the past month.

Bitcoin’s market capitalization remains below $1.26 trillion, while its market dominance has held steady at 56.7%, according to CoinGecko.

PI Token Hits Another All Time Low

Pi Network’s native token continues to rank among the weakest performers of the current market cycle.

After failing to break above $0.30 in March, PI has remained under persistent selling pressure, repeatedly setting new record lows. Following yesterday’s decline to $0.086, the token fell even further over the past 24 hours, dropping to just above $0.07 and marking another all time low.

DEXE also posted double digit losses after its recent rally lost momentum.

On the other hand, HASH led the day’s gainers with a surge of more than 25% to around $0.0095, while BDX climbed roughly 10% to trade near the same price level.

Altcoins Remain Under Pressure

The broader altcoin market continued to weaken, with Ethereum, XRP, Solana, TRON, Dogecoin, Rain, and Stellar posting losses of up to 2% over the past day.

Meanwhile, Hyperliquid (HYPE), Zcash (ZEC), and Stellar (XLM) recorded steeper declines of more than 3%.

As losses spread across the market, the total cryptocurrency market capitalization fell by another $20 billion, dropping below $2.22 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin traders are closely watching the release of the latest US Consumer Price Index (CPI) data, with analysts warning that the inflation report could become the biggest driver of BTC’s short term price action as markets reassess the Federal Reserve’s interest rate path.

According to crypto trading firm BIT, macroeconomic developments are currently having a greater influence on Bitcoin than crypto specific news, especially as expectations for additional Fed tightening continue to build.

Inflation Data Could Shape Bitcoin’s Next Move

In its latest market update, BIT noted that investors are now pricing in approximately 2.6 Federal Reserve rate hikes over the coming quarters, marking a significant shift from the more accommodative outlook that helped fuel Bitcoin’s rally during the early stages of its current bull market in 2023.

The firm said monetary policy expectations have steadily become more restrictive since September 2025, creating a less favorable environment for risk assets, including cryptocurrencies.

BIT also highlighted recent comments from Federal Reserve Governor Christopher Waller, who suggested policymakers are approaching a critical point in determining the next phase of monetary policy. The firm believes that makes the upcoming inflation report particularly important for financial markets.

According to the analysts, a CPI reading above 4.0% would likely strengthen expectations for additional policy tightening and could increase selling pressure on Bitcoin.

The latest Federal Open Market Committee meeting left interest rates unchanged at 3.50% to 3.75%, but the meeting minutes revealed growing disagreement among policymakers over whether further rate increases may be necessary. Some officials raised concerns that artificial intelligence driven productivity gains could also contribute to inflationary pressures.

Meanwhile, the New York Federal Reserve’s latest consumer survey showed one year inflation expectations rising to 3.7%, the highest level since September 2023, following May’s CPI reading of 4.2%, a three year high.

Bitcoin Holds Steady Despite Market Uncertainty

Bitcoin was trading near $63,000 at the time of writing, posting little change over the previous 24 hours while remaining down roughly 1% over the past week.

Although July has historically been a strong month for Bitcoin, recent gains have been tempered by broader geopolitical uncertainty. The cryptocurrency rebounded from around $58,000 to briefly reclaim $64,000 before surrendering part of those gains as renewed tensions between the United States and Iran unsettled global markets.

Bearish Signals Persist Despite Recent Recovery

Not all analysts are convinced that Bitcoin’s recent rebound marks the beginning of a sustained recovery.

CryptoQuant’s Bull Score Index currently sits at 30, a level that remains firmly within bearish territory. Analysts at the firm argue the indicator needs to climb above 60 before any rally can be viewed as more than a temporary recovery within a broader downtrend.

BIT also pointed to additional headwinds beyond macroeconomic concerns. The market recently absorbed Strategy’s disclosure that it sold 3,588 BTC to fund dividend payments. While Bitcoin briefly fell by around $1,000 following the announcement, it recovered those losses within hours, suggesting investors had largely anticipated the sale.

With inflation data now taking center stage, traders are likely to remain focused on macroeconomic signals, as the outcome of the CPI report could determine whether Bitcoin resumes its recovery or faces renewed downside pressure.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Retail optimism around XRP and Ethereum has climbed to its highest level in five weeks, according to blockchain analytics platform Santiment, signaling growing fear of missing out even as both assets struggle to establish sustained upward momentum.

The firm noted that the sharp rise in bullish sentiment may be getting ahead of actual price performance, increasing the risk of short term volatility.

XRP and Ethereum Outpace Bitcoin in Trader Optimism

In a July 13 post on X, Santiment reported that XRP recorded a bull to bear ratio of 3.02, meaning there were more than three bullish social media posts for every bearish one. Ethereum followed with a ratio of 2.31, placing it firmly in what the firm described as mild FOMO territory.

Bitcoin, by comparison, posted a much more balanced reading of 1.40, suggesting traders remain relatively cautious toward the leading cryptocurrency.

Although both Bitcoin and Ethereum started Monday on a positive note, their gains faded as trading progressed. Santiment warned that extreme retail enthusiasm often emerges at the wrong time.

According to the analytics firm, crypto markets frequently move against overwhelming crowd expectations. When traders become excessively bullish while prices are already weakening, it can increase short term downside pressure or delay a recovery.

By contrast, Bitcoin’s more neutral sentiment could prove constructive, as there is still room for investors to become more optimistic if market conditions improve.

Crypto analyst Xaif Crypto echoed that view, arguing that Bitcoin’s relatively subdued sentiment leaves greater upside potential, while elevated optimism surrounding XRP and Ethereum could temporarily cap their gains.

Price Performance Paints a Mixed Picture

XRP was trading around $1.07 after slipping below the $1.08 resistance level identified by analyst Cryptorphic. The token has declined roughly 5% over the past week and nearly 7% over the last month.

According to Cryptorphic, XRP remains vulnerable to additional downside as long as it stays below the $1.08 threshold.

Ethereum has shown greater resilience. The second largest cryptocurrency was trading closer to $1,800, posting a 1% weekly gain and rising more than 6% over the past month. Although ETH briefly moved above $1,800 during the weekend before retreating, several analysts believe the current structure could support a move toward $2,500 if momentum strengthens.

Bitcoin, meanwhile, eased after a strong start to July that saw it rebound from roughly $57,700 to $64,000. The asset was trading below $63,000 at the time of writing.

On chain data also showed continued accumulation by large investors, with wallets holding between 10,000 and 100,000 BTC adding approximately 11,000 BTC over the past week, suggesting institutional demand remains intact despite recent market volatility.

Institutional Activity Around XRP Shows Signs of Cooling

Despite improving retail sentiment, XRP is facing weaker institutional participation.

Spot XRP exchange traded funds recorded their first week of net outflows in more than two months, pointing to softer demand from larger investors.

On chain metrics also weakened noticeably. Transactions worth more than $1 million fell sharply from 70 to just two within roughly a week, while the pace of new wallet creation on the XRP Ledger has slowed compared with earlier this year.

The divergence between rising retail enthusiasm and cooling institutional activity suggests that while sentiment has improved, stronger fundamental demand may be needed to support a sustained rally.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Robinhood Chain may not be contributing much to Ethereum’s fee revenue today, but some analysts argue its launch could significantly strengthen Ethereum’s long term value by expanding network activity and increasing demand for ETH.

Since going live on July 1, Robinhood Chain has generated approximately $816,000 in gross revenue. Around 89% has gone to Robinhood, 10% to Arbitrum for infrastructure services, while Ethereum has received just 0.15%, or roughly $1,538, in settlement fees.

Robinhood Chain is an Ethereum Virtual Machine compatible Layer 2 network built on Arbitrum that uses ETH as its native gas token. Although Ethereum secures the network, the base layer has so far captured only a small fraction of the revenue generated.

Analysts Split on What It Means for Ethereum

Lorenzo Valente, Director of Research at Ark Invest, believes the implications depend on how investors value Ethereum.

According to him, those who view ETH primarily as money should see Robinhood’s decision to build on Ethereum as a highly bullish development because it increases network activity, expands ETH collateral usage, and strengthens the ecosystem over time.

However, investors who see Ethereum mainly as a revenue generating asset may view the current revenue distribution as a negative. Valente argued that Robinhood was unlikely to build on networks such as Solana or Sui because the company wanted greater control and customization over its technology stack.

In his view, Ethereum won the partnership because of the strength of its settlement infrastructure, but it is not capturing enough of the economic value it creates. He suggested a more balanced revenue split would allocate 75% to Robinhood, 10% to Arbitrum, and 15% to Ethereum.

Lubin Says Low Fees Are Part of the Strategy

Consensys founder Joseph Lubin pushed back on concerns over Ethereum’s low Layer 1 fee revenue, arguing that inexpensive settlement encourages broader adoption.

He believes thousands of companies will launch applications across Ethereum’s Layer 1, Layer 2 networks, and private EVM chains over the next few years, ultimately increasing ETH’s monetary value.

Lubin also pointed to staking and other forms of ETH lockups as key drivers of scarcity. Combined with Ethereum’s token burning mechanism under favorable network conditions, he argued these factors could support long term price appreciation.

Robinhood Chain Adds Another Source of ETH Demand

According to DefiLlama, approximately 82,895 ETH, worth around $147.5 million, has already been bridged to Robinhood Chain since its launch two weeks ago.

Analysts see the network as another source of sustained ETH demand alongside staking, which currently locks up roughly 33% of the circulating supply, as well as institutional treasury holdings and spot Ethereum ETFs.

ETH Price Still Struggles

Despite the optimistic long term outlook, Ethereum’s price has yet to reflect the growing adoption narrative.

ETH was trading near $1,780 after briefly dipping to around $1,750 during early Asian trading. While the asset has recovered from its late June low near $1,500, it has repeatedly failed to break above the $1,800 resistance level over the past ten days.

Market participants continue to view broader macroeconomic conditions as the primary catalyst for Ethereum’s next major move, with easing inflation and a lower likelihood of further Federal Reserve rate hikes expected to provide the strongest tailwinds for the asset.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic

Veteran crypto trader Ogle has cautioned investors about the risks of chasing low liquidity meme coins, warning that it takes only a handful of large holders cashing out to trigger a sharp market collapse.

In a July 13 post on X, the long time market participant pointed to the recent volatility surrounding CASHCAT, saying that massive unrealized profits, thin liquidity, and leveraged trading create the perfect conditions for prices to unravel in minutes.

Large Holders Can Trigger Rapid Sell Offs

According to Ogle, many traders are sitting on paper profits worth hundreds of thousands or even millions of dollars without realizing those gains. In smaller meme coin markets, he explained, just two or three major holders deciding to sell can spark a steep decline.

“When a ton of people have made hundreds of $k or $m in a token, unrealized, in this type of market, it only takes 2 to 3 of them to sell, especially if the token is small and has little liquidity, for everything to collapse quickly.”

He added that the risk becomes even greater when perpetual futures are involved, as leveraged traders can be forced into liquidations that accelerate the downward move.

CASHCAT, a meme coin built on the Robinhood Chain, recently surged more than 3,200% in a week, briefly reaching an all time high of $0.2288 and a market capitalization of roughly $226 million, according to CoinGecko.

Blockchain analytics platform Lookonchain highlighted several remarkable trades during the rally. One investor turned an $838 purchase of 15 million CASHCAT into more than $1 million, although holding a little longer could have increased that profit to nearly $2.9 million. Another trader converted just $69 into $711, but would have seen gains approach $2.7 million had they exited later.

The rally quickly reversed after Hyperliquid introduced perpetual contracts for the token. Ogle noted that the launch was followed by significant liquidations that intensified the selling pressure.

CoinGecko data shows CASHCAT plunged around 60%, with roughly 90% of leveraged long positions wiped out. Although the token later recovered to trade just under $0.16, it remained down more than 18% over the previous 24 hours and over 30% below its all time high.

Utility Tokens Offer a Different Risk Profile

While acknowledging that meme coins can generate explosive short term gains, Ogle said his biggest investment successes have come from utility driven cryptocurrencies such as Solana, BNB, Ethereum, Litecoin, and Bitcoin.

He argued that these assets typically require greater patience, with many investors losing interest before their long term value has a chance to materialize.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Attackers exploited the credibility of the high profile accounts to pump a newly created token before dumping their holdings for a six figure profit.

A hacker pocketed more than $135,000 after taking control of the X accounts belonging to SpaceX and Starlink and using them to promote a fraudulent meme coin.

The compromised accounts were used to endorse a Robinhood based token that briefly surged to a market capitalization of more than $2 million before collapsing to nearly zero in what appeared to be a classic rug pull.

Screenshots shared across social media showed both accounts reposting content from the token’s profile. The posts promoted a meme coin called SCATMAN, featuring imagery of Sam Altman while falsely implying an association with SpaceX.

Blockchain data indicates the attacker minted 10 trillion SCATMAN tokens before selling the entire supply for 59 ETH, worth approximately $108,000 shortly after the promotional posts appeared.

On chain analytics firm Lookonchain later identified another wallet linked to the same attacker that sold an additional 59.28 million SCATMAN tokens for 14.7 ETH, valued at roughly $27,000. Combined, the two transactions generated an estimated profit of more than $135,000.

GeckoTerminal data showed the token’s market value briefly exceeded $2 million before rapidly collapsing as the attacker exited the position.

Both SpaceX and Starlink have since removed the fraudulent posts and regained control of their X accounts.

The incident is the latest in a growing series of high profile social media account compromises targeting the cryptocurrency community.

In January 2026, Scroll cofounder Ye Chen’s X account was hijacked and used to send phishing messages disguised as copyright notices, tricking several crypto industry figures into clicking malicious links.

A few months later, attackers compromised the account of Pepe creator Matt Furie to promote a fraudulent token. Around the same period, the official WinRAR X account was also breached and used to advertise a fake Solana based meme coin.

One of the most notable attacks occurred in May when hackers gained access to the dormant X account of Keith Gill, better known as Roaring Kitty. The attackers launched a Solana meme coin called Red Kitten Crew and reportedly made more than $600,000 within just 30 minutes.

These incidents continue to highlight a recurring pattern in the crypto market, where trusted or well known accounts are exploited to generate hype around newly issued tokens before insiders rapidly sell their holdings, leaving unsuspecting retail investors with heavy losses.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

A Duke University professor argues that the growth of crypto derivatives has changed the economics of attacking Bitcoin, although many industry participants strongly disagree.

Campbell Harvey, a finance professor at Duke University, believes Bitcoin is more vulnerable to a 51% attack than many investors realize. Speaking on the July 12 episode of Scott Melker’s Wolf of All Streets podcast, Harvey argued that the expansion of derivatives markets has created financial incentives that did not exist in Bitcoin’s early years.

A 51% attack occurs when a single entity gains majority control of a blockchain’s mining power, allowing it to manipulate transaction confirmations and potentially disrupt the network.

Historically, Harvey noted, such an attack was considered economically irrational because an attacker would need to spend billions of dollars on mining infrastructure only to destroy confidence in Bitcoin and erase the value of the very asset they had compromised.

He now believes that dynamic has changed. According to Harvey, an attacker could establish a large short position in Bitcoin through derivatives markets before launching an attack, allowing them to profit if the cryptocurrency’s price collapses.

Harvey acknowledged that executing such a strategy would likely require offshore derivatives platforms because it would constitute clear market manipulation. In his research paper Gold and Bitcoin, he estimated the total cost of such an operation at roughly $8 billion, or about 0.5% of Bitcoin’s market capitalization. He emphasized that the scenario is intended as a risk assessment rather than a prediction of an imminent attack.

Artificial intelligence chatbot Grok estimated an even higher price tag, suggesting an attacker would need to invest more than $10 billion in mining hardware while also paying approximately $1.3 million per hour in electricity costs. It also noted that any attempt to gain majority control of the network would almost certainly be detected immediately.

Harvey argued that Ethereum is less susceptible to this type of attack following its transition to proof of stake. According to him, an attacker would need to accumulate more than half of the available ETH supply to gain enough influence over the staking network, a process that would likely drive prices sharply higher and undermine the profitability of any accompanying short position.

Beyond network security, Harvey also questioned Bitcoin’s role as a safe haven asset, arguing that its price volatility remains too high despite years of market growth and increasing liquidity.

His comments drew widespread criticism from the Bitcoin community.

Market commentator David Levenson dismissed the argument, saying it reflected a misunderstanding of how derivatives markets function. Another Bitcoin supporter, known as Private CoSaylor on X, argued that the network’s social consensus could simply reject blocks produced by an attacker, making such an operation economically futile.

Others raised a different concern. Pseudonymous trader Toni suggested that the analysis assumes financial profit would be the primary motivation. If a nation state or another well funded actor sought to undermine Bitcoin for strategic reasons rather than financial gain, they could be willing to absorb substantial losses to damage confidence in the network.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic