Grayscale Suggests Bitcoin May Have Already Bottomed If Fed Holds Rates
Grayscale's head of research, Zach Pandl, claims that Bitcoin's bear market might be over, dependent on the Federal Reserve's interest rate decisions. This perspective dismisses the traditional four-year cycle theory and suggests Bitcoin's alignment with macroeconomic trends, as reported by Decrypt.
Grayscale recently published insights indicating that Bitcoin might have already reached its cycle low. The firm's head of research, Zach Pandl, asserts that this scenario hinges on the Federal Reserve refraining from further interest rate hikes. Historically, the four-year cycle theory has predicted an impending market bottom around September or October, suggesting an approximate 15% drop from Bitcoin's current price of around $65,000.
Pandl emphasizes a shift in perspective, favoring a macroeconomic analysis over the cyclical model, which he states has traditionally forecasted significant drawdowns (averaging around 80%) following Bitcoin halving events. Due to this, he posits that the Bitcoin market should be viewed in light of broader economic indicators rather than a strict cycle.
Additionally, Bitcoin has shown signs of recovery recently, gaining more than 10% from a low of $57,717 earlier in July. The emphasis on upcoming Federal Reserve meetings, scheduled for July 29, along with legislative developments like the Clarity Act facing the Senate on August 7, suggests key catalysts that could influence Bitcoin's price trajectory in the near term. According to Pandl, "The outcome of these events is likely to steer Bitcoin's pricing dynamics moving forward."
Summary based on original reporting by Jose Antonio Lanz at Decrypt, originally published Jul 23, 2026. SolanaWire does not republish source content.
Goldman Sachs CEO Supports Crypto Clarity Act, Divides Wall Street
Goldman Sachs CEO David Solomon expresses his support for the Crypto Clarity Act in a recent interview with Politico, marking a departure from much of Wall Street. His endorsement comes amidst concerns from other banking leaders about the bill's implications for stablecoin yields, which they argue could impact traditional banking deposits, as reported by Decrypt.
2 hours ago·Decrypt·Reported by Decrypt Staff
Senate Majority Leader Predicts Clarity Act Will Miss Deadline Before Summer Break
U.S. Senate Majority Leader John Thune states that the Clarity Act, which aims to establish a comprehensive framework for the digital asset market, is unlikely to pass before the Senate's summer recess. According to CoinDesk, while the bill has faced controversy, Thune hopes to initiate discussion before lawmakers focus on midterm elections.
2 hours ago·CoinDesk·Reported by Jesse Hamilton
Zhibao Technology Plans $220M Stock Sale to Acquire Bitcoin Treasury
Zhibao Technology, a Nasdaq-listed company, intends to sell approximately $220 million in stock for nearly 3,500 Bitcoin. This deal may allow buyer Joyertech to dominate Zhibao's board while the company maintains daily operations, as reported by Decrypt.
2 hours ago·Decrypt·Reported by Jose Antonio Lanz
Robinhood CEO Vlad Tenev's X Account Compromised to Promote Fake Memecoin
Robinhood CEO Vlad Tenev's X account was hacked to promote a fraudulent token called Vladhood ($VLAD), falsely claiming it would be listed on the Robinhood platform, according to CoinDesk. The post was removed shortly after publication, with Robinhood confirming the breach and emphasizing its focus on security amidst a surge in memecoin trading on its blockchain network.
4 hours ago·CoinDesk·Reported by Krisztian Sandor
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BlackRock and Coinbase Join Forces to Mitigate Quantum Threats to Bitcoin
Nine firms, including BlackRock and Coinbase, have formed a consortium pledging $15 million over three years to bolster Bitcoin's security against potential quantum computing threats, according to CoinDesk. The funding will support security research and open-source development, but the group will not intervene in Bitcoin governance or protocol decisions.
10 hours ago·CoinDesk·Reported by Francisco Rodrigues
Tassat Aims to Empower Smaller Banks in Stablecoin Market
Tassat introduces Project NENYA, a platform designed to assist regional banks in managing stablecoin reserves, according to CoinDesk. Set for pilot activities in early 2027, the platform seeks to broaden participation in the stablecoin market, which could reach trillions in value, ensuring smaller banks are not sidelined by larger institutions.
4 hours ago·CoinDesk·Reported by Krisztian Sandor
Brazilian Farmers Use Tokenized Cows to Access Farm Loans
Brazilian farmers have successfully completed the first deal using tokenized livestock as collateral for loans, according to Decrypt. Ten cows at Fazenda Engenho Velho secured a R$100,000 loan by utilizing unique blockchain identifiers generated from AI-sensor collar data, potentially easing the sector's credit crisis.
5 hours ago·Decrypt·Reported by Jose Antonio Lanz
Coinbase Enables AI Agents to Make Payments via x402 Protocol
Coinbase announces that its corporate clients can now accept payments from AI agents using the x402 protocol. This development, aimed at enhancing the AI agentic economy, will allow businesses to receive payments in USDC without requiring additional setup, as reported by CoinDesk.
6 hours ago·CoinDesk·Reported by Ian Allison