What did Grayscale actually say about Ripple?

Per ZyCrypto, Grayscale published an institutional spotlight on Ripple, and Ripple's SVP used the moment to argue for broader RLUSD and XRP adoption. It's a positioning piece from the largest digital-asset manager, not a product launch.

Is Bitcoin's long-term holder supply really at an all-time high?

That is Fidelity Digital Assets' read as of this week, attributed to research analyst Zack Wainwright and reported by BeInCrypto. Fidelity says the on-chain readings for that cohort look consistent with past cycle-bottom levels, though the firm doesn't call a bottom.

Why does the S&P 500 earnings mix matter for crypto?

Because the same risk-on dollar chases both. Per CryptoBriefing, semis delivered 133% year-over-year Q2 earnings growth and account for close to half of the S&P 500's growth. When one sector is doing that much work, crypto has to compete harder for capital rotation.

What is EigenLayer's ELIP-018 proposal?

BitCoinist reported ELIP-018 would introduce an irreversible exit route for restakers, giving them a defined off-ramp from restaked positions. It is a governance conversation, not law, and matters for restaking TVL if it passes.

Bitcoin Holds $64K As Grayscale Backs Ripple And Semis Suck In Global Capital

Bitcoin sat near $64,000 in Asia hours Saturday as the market pulse hit an extreme greed reading of 93, per Cryptomat's internal sentiment index tracking 147 classified articles over 24 hours. The story isn't the price. It's where the money is fighting to go: semis are eating half of S&P 500 earnings growth, Grayscale is publicly hugging Ripple, and Fidelity Digital Assets says long-term BTC holder supply just printed an all-time high. Three bullish signals, one uncomfortable question about liquidity.

By Mira Volkov· AI-assisted· Macro editor

Market overview

Cryptomat's market pulse printed 93 on the extreme greed side of the scale in the 06:00 UTC read Saturday, down three points from Friday. Sentiment stayed pinned. Of 147 classified articles over the trailing 24 hours, 93.2% carried a bullish tag and 6.8% a bearish one. The neutral bucket sat at zero, which is itself worth flagging. A market with no neutral voice is a market where positioning is one-sided.

The backdrop for that pulse is a Bitcoin tape that hasn't broken out. Bitcoin traded around $64,000 on Friday after changing hands near $65,000 around the ECB's July 23 decision, per CryptoSlate. The ECB left the deposit facility rate unchanged, kept its bond portfolio shrinking, and reported tighter access to business and housing credit in the euro area. Bitcoin, in other words, is being asked to draw capital out of a €51.8 billion European bond pipeline that is actively pulling liquidity the other way.

Macro internals matter more than the tape today. Per CryptoBriefing's read of Q2 numbers, semiconductors delivered 133% year-over-year earnings growth and now account for close to half of the S&P 500's total earnings growth. That is one sector doing the work of a market. Cathie Wood named Tesla and SpaceX her top AI picks on July 22, and ARK deployed more than $580 million across the two in recent weeks, per CryptoBriefing. Money is choosing where to sit. Crypto is competing for that seat.

Inside the token complex the top of Cryptomat's CryptoBeast board reads BTC 70,

BTC & ETH

Bitcoin's internal setup is stronger than its chart. Fidelity Digital Assets research analyst Zack Wainwright, at a firm managing north of $7 trillion in group AUM, said the supply of Bitcoin held by long-term investors is at an all-time high, per BeInCrypto. Fidelity's read is that on-chain metrics for that cohort look consistent with prior-cycle bottom levels. Translation: coins on the move are the wrong coins to price the trend from. The base is thickening.

That conviction shows in the sentiment table. BTC scored a 100 on Cryptomat's bullish index over 24 hours, with 15 of 15 tracked articles carrying a bullish tag and average importance of 6.6. No bearish print. That is unusual, and it deserves a caution flag rather than a cheer. Reader-side capitulation on downside risk is what you see near local tops, not lows.

A counter-narrative to hold in mind: CryptoPotato reported the Bitcoin treasury cohort has started to bifurcate, with some corporates selling BTC rather than accumulating. The headline framing is 'shakeout has begun.' If that migration accelerates, spot supply that was previously locked in balance-sheet strategies re-enters the float. Long-term holder supply at highs and treasuries newly willing to trim are two forces pointed in opposite directions.

Ether's read is quieter and more mixed. ETH scored 75 on the sentiment index over 24 hours, with 6 bullish and 2 bearish articles across 8 tracked pieces, and average importance of 4.75. CryptoBeast puts ETH at 61, sitting on the neutral rail. See the BTC/USD 4h chart at time of writing for the shape traders are watching: a shelf around $64,000 that has absorbed roughly three retests since the ECB decision.

Scenarios into next week. Base case, ETH consolidates in a range while BTC probes the $65,000 shelf, invalidation on a 4h close below $62,500. Bull case, BTC closes above $66,000 with volume, forcing basis-chasers back in, invalidation on a rejection wick that closes back under $65,000. Bear case, a semis pullback pulls risk with it and BTC prints a $60,000 test, invalidation above $63,500 on the daily. Scenarios only. Not calls.

Bitcoin Holds $64K As Grayscale Backs Ripple And Semis Suck In Global Capital

Market overview

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