Shiba Inu (SHIB) trades at $0.0000136 today, July 29, with a 3.62% decline. However, there are still signs to show that the Shiba Inu price can reach $0.000025, especially now that the SHIB burn rate is surging. Shiba Inu Price Rally to $0.000025 Still Likely Despite Drop The nature of top meme coins, such as
On Tuesday, Bitcoin spot ETFs recorded net outflows, snapping a three-day streak of inflows that had brought in over $1 billion.
With uncertainty surrounding the Federal Reserve’s upcoming policy decision, institutional investors appear to be reducing their exposure in anticipation of increased market volatility.
Institutions Pull Back from BTC ETFs as Fed Decision Looms
BTC spot ETFs saw net outflows of $85.64 million on Tuesday, marking a shift in sentiment among institutional investors just ahead of today’s US Federal Reserve’s latest policy meeting.
Total Bitcoin Spot ETF Net Inflow. Source: SosoValue
The outflows came after three consecutive days of strong inflows, totaling over $1 billion, into these BTC-backed funds. This suggests a pullback as market participants prepare for potential volatility surrounding today’s FOMC announcement.
It can also be seen as a strategic step to avoid short-term losses in the event of an unfavorable policy signal or unexpected market reaction.
Despite the ETF outflows, on-chain data reveals a spike in spot net inflows today. This indicates that while institutional players may be reducing their ETF exposure, they could be rotating capital into direct spot positions, possibly to capitalize on short-term price swings both before and after the Fed’s announcement.
According to Coinglass, BTC’s spot net inflows sit at $9.72 million. When an asset sees spot inflows, the number of its coin or tokens purchased and moved into spot markets has increased, indicating rising demand.
This points to surging accumulation among BTC spot market participants, a trend which can drive price appreciation if buying pressure remains.
Bitcoin Rises on Buyer Strength
BTC trades at $96,679 at press time, noting a 2% surge over the past day. The coin’s positive Balance of Power (BoP) reflects the steady rise in spot buying activity ahead of the FOMC meeting. As of this writing, this is at 0.10.
This indicator measures the strength of buyers versus sellers by comparing the closing price to the trading range over a specific period. When its value is positive, buyers dominate the market, suggesting bullish momentum and upward pressure on an asset’s price.
If BTC demand rockets and market conditions remain favorable post-FOMC meeting, it could climb toward $102,080.
The political fallout between President Donald Trump and Elon Musk may have set the stage for Bitcoin’s next breakout.
While the two once aligned on anti-establishment sentiment, their recent split over spending, crypto, and narrative control is already reshaping markets, and Bitcoin (BTC) may be poised to benefit.
Bitcoin Thrives in the Trump–Musk Fallout
As of this writing, Bitcoin traded for $108,728, up by 0.33% in the last 24 hours. The pioneer crypto continues to show strength, despite what appears to be a stagnating upside potential.
Musk’s assertion that the American Party would adopt Bitcoin as a reserve currency is a bullish fundamental for the pioneer crypto despite Trump’s backlash.
The US President labeled any move to this effect a betrayal and threatened to halt Tesla and SpaceX contracts or deals in retaliation.
BREAKING:
Trump says his relationship with Elon Musk is OVER.
Elon called Trump’s immigration bill a “disgusting abomination.” ⁰Trump fired back: “He’s gone crazy” — even hinted at pulling Tesla/SpaceX deals.
The way the new party incorporates Bitcoin into its platform is unique. Musk has long been inconsistent on crypto, but this marks a formal political commitment.
The symbolic clash between Trump and Musk also fractures traditional Republican donor lines, with some shifting support to Musk’s movement.
If the party gains even modest traction in Congress, pro-Bitcoin legislation could accelerate.
4. If the party gains even minimal influence in Congress, it could accelerate pro-$BTC legislation
Investors already holding Bitcoin or entering at $105K will benefit
With a positive outcome, the potential to move to $120-125K in the next 3-6 months
Notwithstanding, markets took a different view, with Bitcoin jumping 4.8%, breaking through $109,000 and marking its strongest weekly close ever.
Analysts now see more upside potential for Bitcoin, a rally driven more by the macro climate and historical data than politics.
This target comes after Reuters reported a July 2 research note from Bitwise indicating that Bitcoin’s price tends to spike by 30% in the 50 days after the market suffers geopolitical shocks.
“These tailwinds set a constructive backdrop for Bitcoin and crypto assets…,” Bitwise analysts André Dragosch and Ayush Tripathi wrote.
The implication? Bitcoin could rally toward $136,000 by mid-August if historical trends repeat.
Bitcoin To Benefit from Dollar Debasement
Meanwhile, the fiscal backdrop continues to reinforce Bitcoin’s core narrative. Trump’s bill adds an estimated $7 trillion to the national debt over the next decade. That spending has reignited fears of dollar debasement, a theme Bitcoin thrives on.
“The currency debasement games just stepped up another level,” analysts David Brickell and Chris Mills wrote in their weekly Connecting The Dots newsletter.
Economist Erkan Öz added further context on YouTube, contrasting Musk’s capitalist persona with Bitcoin’s decentralized ethos.
“In Bitcoin… there’s no ‘boss’ like Musk. Satoshi Nakamoto… holds no CEO-like authority,” he said.
Öz argues that while Musk is trying to reshape the system, Bitcoin already operates outside it, and may ultimately benefit more from the feud than either man.
Traders appear to be holding their ground. Bitcoin is consolidating above $107,000, with selling pressure tapering and institutions showing renewed interest.
“Strong players who entered below $95,000 are not exiting, which signals stable interest,” Yuma observed.
Still, risks remain. Regulatory pushback is a looming threat, especially if Musk’s political ambitions provoke retaliation from federal agencies.
For now, however, the feud has amplified crypto’s narrative and bolstered Bitcoin’s role in America’s shifting political economy.
Hyperliquid, a decentralized exchange, faced a big problem when the price of meme coin JELLYJELLY suddenly jumped by 500%. It looked like someone was manipulating the market, putting the exchange at risk of losing $12 million. But before things got worse, Hyperliquid’s team stepped in, fixed the issue, and turned the loss into a $700K profit. To stop any more trouble, they shut down trading for JELLYJELLY.
How One Whale Nearly Broke the System
The chaos started when a trader holding 124.6 million JELLYJELLY tokens, worth $4.5 million, placed an $8 million short bet on Hyperliquid. This forced the platform’s liquidity vault to take on the risk. But then, another wallet likely controlled by the same trader opened a massive long position at the same time. This caused JELLYJELLY’s price to skyrocket, leading to mass liquidations and huge profits for the trader. Arkham later revealed that this was a deliberate strategy to exploit leverage and drain funds from Hyperliquid.
Hyperliquid just got exploited. What happened?
A trader deposited $7.167M on 3 separate Hyperliquid accounts within 5 minutes of each other. He then made leveraged trades on an illiquid coin, JELLYJELLY.
But the plan backfired when the trader’s accounts were restricted to reduce-only orders. This meant they could no longer open new trades and had to start selling off tokens from the first account to recover some of their funds, despite still having millions in unrealized gains.
The attacker’s last withdrawal was at 12:43 UTC. However, he continued to attempt withdrawals – but was unable to, since his account was restricted to reduce-only orders at 12:50 UTC.
However, his accounts still had millions of dollars in unrealized PnL.
As JELLYJELLY’s price kept climbing, Hyperliquid’s liquidity vault faced the risk of a massive wipeout. If the token’s market cap kept rising, the vault could have lost everything. Seeing the surge in trading, major exchanges like Binance and OKX stepped in, listing perpetual futures for JELLYJELLY to capitalize on the hype.
Hyperliquid Pulls the Plug
With the situation escalating, Hyperliquid validators stepped in and reset JELLYJELLY’s price to $0.0095—the level where the whale had originally placed their short position. This allowed the platform to liquidate 392 million JELLYJELLY tokens, converting a multi-million-dollar disaster into a manageable $703K profit.
However, to prevent further manipulation, Hyperliquid immediately closed all open JELLYJELLY positions and removed the token from its platform. The team also promised to reimburse affected users, with compensation set to be distributed automatically, except for flagged addresses suspected of being involved in the scheme.
A Blow to Hyperliquid’s Reputation?
Hyperliquid’s response to the crisis drew mixed reactions. Some praised its quick action, while critics like Bitget CEO Gracy Chen argued it acted more like a centralized exchange. BitMEX co-founder Arthur Hayes also questioned the handling of the situation.
This marks Hyperliquid’s second major liquidity scare in just two weeks. Earlier, a whale’s $200 million Ethereum long liquidation caused a $4 million loss for its liquidity vault. The repeated turmoil has shaken confidence, sending Hyperliquid’s native token, HYPE, down over 12% in a day and over 30% for the month.
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Hyperliquid, a decentralized exchange, faced a big problem when the price of meme coin JELLYJELLY suddenly jumped by 500%. It looked like someone was manipulating the market, putting the exchange at risk of losing $12 million. But before things got worse, Hyperliquid’s team stepped in, fixed the issue, and turned the loss into a $700K …