Rorhiam

👀 BTC loses the 200-week MA, as it did in 2022
Interestingly, the 350-week MA perfectly caught the bottom back then👌
By October, this 350-week MA will be at $50k, coinciding with the CVDD level
$BTC ‌

📢 SEC postpones vote on crypto regulation
The U.S. Securities and Exchange Commission (SEC) canceled the planned vote on Regulation Crypto. This means token issuers and holders continue to operate under existing securities laws—with no exemptions or “safe harbor.”
It is not yet known when the new vote will take place or whether changes will be made to the regulation.
$ETH ‌$SOL ‌$AAVE ‌

⚡️Former congressman claims discussions on using nuclear weapons against Iran
It is reported that the possibility of using nuclear weapons against Iran is being discussed at strategic meetings. Meanwhile, negotiations between the US and Iran have reached an impasse, while the movement of vessels through the Strait of Hormuz has virtually stopped.
$AAVE ‌$SOL ‌$LTC ‌

⚖️ JPMorgan will start accepting Bitcoin as collateral
JPMorgan, the largest bank in the US, announced its readiness to accept Bitcoin as collateral—on par with Treasury bonds and blue-chip stocks.
This decision marks a fundamental shift in traditional banking's attitude toward digital assets: Bitcoin is effectively gaining the status of a fully fledged financial instrument in the eyes of the world's largest financial institution.
$BTC ‌$USDC ‌

🪙 2022 vs 2026
The annual downtrend begins when $SOL breaks below the 21-Week EMA, after which each new test of this MA ends with another pullback
$SOL has ~2 months left until the bottom forms.
I expect at least one more final wave of decline 📉
$SOL ‌

🪙 More than 20.07 million BTC has already been mined — about 95.6% of the total issuance of 21 million coins.
According to CZ's estimates, 10–20% of existing bitcoins may be permanently lost or inaccessible. Over time, this figure will only increase, turning BTC into a “deflationary asset” due to its limited supply.
$BTC ‌$BNB ‌

📉 BTC: 2018 vs 2026
The same 313 days have passed, and we are still trading below the 200-day moving average
$BTC ‌

Trump stated: After defeating Iran, the Strait of Hormuz will become US territory
$USD1 ‌$USDC ‌

🔷 Arbitrum One surpasses 3,000 tokenized RWAs
The Arbitrum One network has reached a new milestone: the number of tokenized real-world assets (RWAs) on the platform has exceeded 3,000.
This indicates growing interest in tokenization within the Arbitrum ecosystem and the expansion of real-world asset-based DeFi infrastructure.
$ARB ‌$USDC ‌

⚖️ XRP Ledger audit uncovered 96 bugs before going live
Ripple conducted a public audit contest through the Sherlock platform with a $550,000 prize pool — and found 96 vulnerabilities before the code reached real wallets.
The findings included two critical vulnerabilities in XRP Ledger functionality that allowed user accounts to be drained without access to private keys. This is a rare approach: auditing before release rather than patching after a hack — the direct opposite of how the crypto industry usually operates.
$XRP ‌

🇺🇸 Trump family crypto project receives approval for a banking license
Trump family-linked company World Liberty Financial has received conditional approval for a banking license. This opens the possibility of directly issuing the USD1 stablecoin, whose supply already exceeds $4 billion. Interestingly, the decision was made by a regulator whose head was previously appointed by Trump.
$TRUMP ‌$WLFI ‌$USD1 ‌

💵Crypto Taxes in Europe
A fresh report reveals how EU countries tax cryptocurrency income differently:
🇩🇪Germany — 0% after 1 year of holding, but this may soon change.
🇫🇷France — 30%.
🇵🇹Portugal — 0% after 1 year.
🇨🇿Czechia — 0% after 3 years, provided the limits are met.
🇨🇭Switzerland — 0% for private investors who meet certain conditions.
🇮🇹Italy — 33%.
🇸🇮Slovenia — 25% from 2026.
🇳🇱The Netherlands — 36%; from 2028, taxation of actual returns, including unrealized gains, is planned.
$AVAX ‌$LINK ‌$GT

Bitcoin loses ground after 42 days of gains
Western analysts note that Bitcoin lost its uptrend after 42 days of gains, breaking through key support levels:
🔴 Close below the daily trendline.
🔴 Loss of the 50-day moving average (MA).
🔴 Decline in the daily relative strength index (RSI).
The key level now is $60,000. If Bitcoin fails to hold at this level, it could intensify selling pressure and lead to a deep correction.
$BTC ‌

✔️Standard Chartered considers its $100 forecast for UNI too low.
🤩Uniswap's revenue is surging, with a significant portion going toward token buybacks and burns.
🤩Since late July, protocol revenue has increased 2.4x to ~$244k per day, and if the pace continues, around $90 million worth of UNI will be burned annually.
🤩These guys take a global view of the market. A price of $100 and above does not seem impossible. I think it is a matter of the next 6-12 months.
$UNI ‌

The US is set to impose more tariffs
The White House accused more than 40 countries of helping China circumvent US tariffs through the re-export of goods, costing the US $19-26 billion annually
To detect such schemes, customs officials are already testing AI, while additional tariffs are planned to be imposed “retroactively” on the countries involved in them
$BTC ‌
‌$USDC ‌$ETH ‌

👀Undervalued altcoins?
Bitwise analysts believe that HYPE, UNI and AAVE tokens are undervalued.
They note that the market still does not sufficiently account for the connection between crypto projects’ real revenues and the value of their tokens.
Hyperliquid, for example, uses around 99% of its fee revenue to buy back HYPE and has already bought back and burned tokens worth $1.3 billion.
As the connection between revenues and token value strengthens, their valuations could double
$AAVE ‌$HYPE ‌$UNI ‌

🔥 AVAX awaits a strong catalyst
AVAX remains in a descending wedge, while current on-chain signals from Avalanche are not providing sustained momentum.
📊 TVL and capital inflows have increased, but DEX volume and stablecoin market capitalization declined over the week.
A break above $6.56 could open the way for AVAX to reach $7.
$AVAX ‌

🏦The U.S. budget deficit reached a record $432 billion last month, up 48% from a year earlier.
Since the start of fiscal year 2026, the deficit has totaled $1.8 trillion, exceeding the entire figure for 2025.
Net tariff revenues were negative due to $33.4 billion in refunds to importers.
Why this matters to investors❓
The budget deficit affects the market: a high deficit could lead to rising inflation, higher taxes, or tighter monetary policy, which could be negative for cryptocurrencies.
$BTC ‌$ETH ‌$SOL ‌

⚡U.S. Macro Data
🔴Core CPI m/m:
• Actual: 0.2%
• Forecast: 0.2%
• Previous: 0.0%
🔴Core CPI y/y:
• Actual: 2.5%
• Forecast: 2.5%
• Previous: 2.6%
🔴CPI m/m:
• Actual: 0.1%
• Forecast: 0.1%
• Previous: -0.4%
🔴CPI y/y:
• Actual: 3.4%
• Forecast: 3.4%
• Previous: 3.5%
$BTC ‌$ETH ‌$USDC ‌

🐳 Whales bet $340 million on BTC falling
On Hyperliquid, four large wallets opened short positions in $BTC worth a total of $340 million.
🔹 Their positions account for around 14% of the total BTC open interest on Hyperliquid.
🔹 The average entry price is in the $64,039–$64,419 range.
🔹 Liquidation levels range from $64,102 to $66,031.
$HYPE ‌$GT ‌$MNT ‌