Coinbase market data will power the AI “answer engine” in a two-phase rollout, starting with COIN50 index prices. On Thursday, the CEO of Coinbase Global (Nasdaq: COIN), Brian Armstrong, announced a partnership with Perplexity, an AI-powered search engine that answers users’ questions with cited, real-time data pulled from the web. According to Armstrong, the move will integrate the crypto exchange’s market data into Perplexity’s large language model (LLM), further connecting AI and crypto and helping users make more informed decisions about digital assets. The partnership is being rolled out in two stages. Starting Thursday, Perplexity will pull market data from Coinbase, including from its COIN50 index, to power “market analysis” in Perplexity’s new Comet browser. Read more
Soaring capital inflows and an uptick in Bitcoin wallets identified as “accumulators” suggest BTC price is on a path to $130,900. Key takeaways: Bitcoin rallied to $113,800 as onchain data shows a 71% surge in the BTC holdings of accumulator addresses. Bitcoin’s MVRV metric suggests that meaningful profit-taking may not begin until BTC hits $130,900. Read more
Ether price chases $3,000 as trading sentiment turns bullish amid multiple corporate ETH treasury announcements. Key point: An ETH treasury purchase by SharpLink Gaming boosted investor sentiment, clearing the path for a potential rally to $3,153. Ether (ETH) price entered a strong uptrend this week, leading many analysts to predict a rally to $3,000 before the end of July. These traders cite an uptick in spot ETH ETF inflows and multiple corporate Ether treasury announcements as a primary factor in the recent bullish momentum. Read more
While headlines focus on giants like Strategy and Tesla, companies like Aker ASA, Méliuz and Rumble have quietly added BTC to their balance sheets. While companies like Strategy and Tesla made headlines, many others have discreetly added Bitcoin to their treasuries. Firms use Bitcoin to hedge against inflation, fiat devaluation and macroeconomic shocks. Its fixed supply, digital scarcity and 24/7 liquidity make it appealing. Firms like Arkham and Glassnode trace Bitcoin ownership through address clustering and timing correlation. Read more
Bitcoin price set new highs above $113,800 as stablecoin reserves surged and retail investor-driven selling subsided. Key takeaways: Bitcoin price hit new highs as a stablecoin liquidity metric pointed to fresh capital flowing into BTC. Retail investor inflows dropped while Binance’s market share surged past 49%, highlighting institutional investors’ role in driving the rally. Read more