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Crypto Price Action: A Roomba Trapped Under the Couch 🤖

Forward 3 steps, back three steps, forward three steps, back three steps

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OVERVIEW

Crypto Price Action: A Roomba Trapped Under the Couch 🤖

Here’s What’s Happening 👇️

SPONSORED

Manufacturing Legend Backs Greenfield Robotics

Howard Dahl spent decades building the machines that feed America. His family invented the Bobcat skid steer. The air drills planting nearly every commodity crop globally? Those too. Now Dahl is manufacturing weed-cutting robots for Greenfield Robotics out of his Fargo factory, and he wrote his own check on top of it. 

Greenfield's current fleet is sold out, with over $1 million in total revenue and robots in the field since 2020. Chipotle’s venture arm and KingsCrowd Capital are also on board. The robots slice weeds with centimeter precision, replacing herbicides linked to environmental damage and rising health concerns among farmers. 

Greenfield is now in Test the Waters under Reg A+. Reserving shares today locks in a 5% bonus that can grow to 20% the week the round opens to the public.

Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. “Reserving” shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.

STOCKTWITS
Take This Poll 👇️

So. The market is green. It feels good. But how do you feel about it?

TECHNICAL ANALYSIS
BTC Dominance Chart - Inflection Point 😲

BTC Dominance Weekly Chart - Click to enlarge.

There have been several times throughout the year where I’ve pulled up this chart and we’ve looked at various version of ‘will it/won’t it’ breakout. Well, this is another one of the moment. But it’s a little different this time.

The difference here is that the weekly BTC Dominance chart already broke down below the Bear Flag on June 22. and it’s since tiptoed just below the flag. And as of 1300 EST today, it’s pretty much parked right on the bottom channel of the flag. If it closes inside the flag again, then we get more chop.

What happens if it’s rejected from closing up and inside the Bear Flag? Well, it’s a good thing for altcoins. The consolidation has been a painful and long one. But there is a maxim in technical analysis that says the longer the consolidation, the more powerful the eventual breakout.

And folks, in case you forgot, the chart image above is the weekly chart, not the daily chart. So those 48ish candlesticks inside that Bear Flag are not 47 days, but 47 weeks. Almost an entire year.

Which brings me to some Gann theory :From the confirmation lower high on the daily chart (not shown) of August 2, 2025, Gann’s Cycle of the Inner Year ends with the 360-day cycle. That happens on July 29, 2026 and it is a little over a week before one of his specific Gann calendar dates: August 8. Gann highlighted August 8 specifically as very important for a change in trend and watch for tops or bottoms.

While it could move higher, there’s a boat load of resistance in the form of the weekly Tenkan-Sen, Kijun-Sen, and the bottom of the Cloud (Senkou Span A) that might keep it parked near the bottom of the channel a little longer.

But if it closes below on Sunday night, we could see some big, big moves in alts.

STOCKTWITS
Stuff Stocktwits People Said 👇️

$BTC.X Bears how’s the 200X short position going?

— Boiling Point (@BoilingPoint)
6:49 PM • Jul 17, 2026

TECHNICAL ANALYSIS
Dead Cat, No Bounce 🙀

Not all cats bounce.

$CASHCAT ( ▼ 32.25% ) traded near $0.06 on July 17, down about 73% from its $0.227 all time high and 59% over seven days. A week ago, $HOOD ( ▼ 5.72% ) Chain’s adopted cat briefly carried a market cap above $200 million. It now sits near $63 million.

CASHCATUSDT 4-hour Chart - Click to enlarge.

This turd had the usual ingredients: a new chain, a familiar corporate adjacent story, and an eager crowd that saw “Robinhood” and started filling in the blanks with crayon. CASHCAT is not a Robinhood product. It has no formal affiliation, product, roadmap, or utility beyond “cat,”.

Then the fresh attention vanished. Noxa, the launchpad that fueled much of the Robinhood Chain memecoin rush, stopped new launches July 11 and went dark two days later. CASHCAT fell more than 33% in 24 hours. The latest bloodbath followed the launch of perpetual futures, that timeless crypto custom where a volatile joke gets leverage and immediately finds out it has bones.

But hey, if it acts like a cat with nine-lives, then don’t be surprised if this thing all the sudden rips 30% at 4AM on a Sunday.

RWA
Good To See The RWA Space Working 👍️

There’s a boat load of RWA stories, press releases, etc that happen and it’s sometimes hard to forget that there are some entities with things working, functioning, and making money. But most of the time just sounds like a lot of fluff.

Well, here’s an example of something that’s working and paying.

$STEX ( ▲ 5.55% ) distributed 10.09 GLDY, equal to 10.09 ounces of gold, to holders today for June’s yield period. That works out to 0.003237 $GLDY ( ▲ 1.12% ) per token, with GLDY currently producing a 3.9% annualized yield.

The yield comes from Streamex leasing institutional gold, then passing the proceeds back to holders as additional tokens each month. Plain gold bullion still does the classic gold thing: sits there, looks expensive, pays nothing. GLDY has now made four monthly distributions, turning gold exposure into something that generates yield.

Holders can track the token’s NAV and reserve backing through RWA.xyz and $LINK ( ▼ 2.21% ) ’s proof-of-reserves feed.

STOCKTWITS
Stuff Stocktwits People Said 👇️

$BMNR it’s 2027 and $ETH.X is back to all time highs. Mr. Lee is using staking yield to buyback shares after accumulating 5% ETH at 5 year lows.

— Lil_VWAP (@Lil_VWAP)
4:22 PM • Jul 17, 2026

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

💱 FX Settlement Has A $1.4 Trillion Loose Floorboard

Only 36% of daily FX settlement used payment-versus-payment safeguards in April 2025, while more than $1.4 trillion still settled gross each day with principal exposed. $CRCL ( ▼ 0.3% ) ’s StableFX uses stablecoins and smart contracts on Arc to release both trade legs together or return the funds, operating 24/7 across supported pairs.

🏦 Banks Now Have Two Ledgers And One Expensive Decision

$QNT ( ▲ 2.36% ) and Capgemini say tokenized-deposit projects live or die on one early choice: keep core banking authoritative with mirrored tokens, or pool reserves and let the token ledger hold official customer positions. Both models were tested through Great British Tokenised Deposits, with mirror suited to bounded intra-bank flows and omnibus built for retail scale.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

💳 Blockchain Finally Does Something Harder Than Selling JPEGs

UNHCR says $ALGO ( ▼ 0.11% ) -powered HesabPay has delivered more than $35 million in assistance to over 625,000 refugee returnees and 17,500 internally displaced people in Afghanistan. Nice to see something that isn’t just a conference panel explaining how institutional-scale deployment might someday happen.

🐄 Jeju Is Putting Cows, Crops, And Copyrights Onchain

DB Securities and the Optimism Foundation signed a July 7 MOU to build Jeju-specific security-token and real-world-asset infrastructure on the $OP ( ▼ 3.29% ) Stack. Smart-farming assets, livestock, and Korean intellectual property go first, with DB operating the platform while Optimism supplies the underlying chain infrastructure. The rollout runs two years, and no launch date exists yet.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🎮 Hex Bounty Turns Friendship Into A Workplace Accident

From July 17-19, Hex Bounty gives players one life per 12-hour cycle to damage a giant Hexagon, steal points, and decide whether teamwork is worth more than treachery. The top three cubes split 3,000 $GALA ( ▲ 1.32% ) daily, putting as much as 9,000 GALA on the weekend menu. Permanent cubes and weapons carry forward; consumables expire after the event, much like everyone’s loyalty.

🎨 Enjin Offers Creators Something Better Than “Great Post”

$ENJ ( ▼ 0.65% ) ’s new Envoys program pays creators covering its ecosystem with ENJ grants, Beam credits, NFTs, early access, promotion, and direct team access. Scouts begin with 1,000 monthly Beam credits, Vanguards can earn 2,000 ENJ plus 5,000 credits, and Legends get 7,000 ENJ plus 7,500 credits monthly. Big follower counts are optional; consistent work, real impact, and proper sponsorship disclosures are not.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦

🦙 Curve Lets LP Tokens Apply For A Second Job

Llamalend v2 is live on Ethereum with isolated lending markets, flexible asset pairings, and supported $CRV ( ▼ 2.55% ) LP tokens that can keep earning fees while serving as collateral. Each market gets its own oracle, caps, rate model, and LLAMMA liquidation range, containing risk instead of blending every questionable asset into one communal casserole.

⚙️ $ANKR Finally Gets A Job Description

Ankr admitted its token strategy spent eight years leaning against the wall while its infrastructure served 80-plus chains and processed over 1 trillion RPC requests monthly. Forge will use RPC spending and partner contributions to buy $ANKR ( ▼ 1.58% ) , fund liquidity, and distribute mission-based drops without fresh emissions.

🧱 Celestia Buys The Rest Of The Blockchain

Celestia Labs is acquiring Sovereign Labs, adding the Sovereign SDK and promoting co-founder Preston Evans to Celestia CTO. The SDK powers Relay, which has handled over $8.5 billion in transfers, and Bullet, which claims 1.2-millisecond clearing and over 30,000 TPS. $TIA ( ▼ 7.32% ) now wants to sell full-stack custom chains.

NEWS IN THREE SENTENCES
Protocol News 🏦

🧪 Mina’s Dress Rehearsal Found The Loose Screws

$MINA ( ▼ 1.82% ) wrapped three weeks of Mesa testing with 39 participants across 19 countries, covering upgrades, emergency hard forks, archive nodes, Rosetta, zkApps, and load testing. They found an Automode configuration failure, high memory use, and documentation gaps. Mesa Trail stays open while Devnet, exchanges, staking pools, and other operators prepare for the real surgery.

OLD NEWS
Crypto Stuff That Happened Today, But A Long Time Ago 📜

Here’s what was happening in the newsletter a year ago today:

  • Peter Brandt called altcoin season

  • Bitcoin dominance kept sliding

  • Crypto Week delivered real movement - the GENIUS Act passed the House and headed to President Trump’s desk

Here’s what was happening in the newsletter two years ago today:

  • The big political headline was Trump reportedly teasing a U.S. Strategic Bitcoin Reserve

  • XRP dumped more than 10%

  • WazirX got wrecked - a $235M hack drained about 45% of the exchange’s reserves

OLD NEWS
Other Stuff That Happened Today, But A Long Ass Time Ago ⌛️

Jon 17

  • 1203 - Fourth Crusaders captured Constantinople

  • 1453 - France beat England at Castillon, ending the Hundred Years’ War

  • 1791 - The Champ de Mars Massacre hit Paris

  • 1821 - Spain officially transferred Florida to the United States

  • 1902 - Willis Carrier designed modern air conditioning

  • 1918 - The Romanov family was executed by Bolsheviks

  • 1936 - The Spanish Civil War began

  • 1945 - The Potsdam Conference began

  • 1955 - Disneyland opened in Anaheim

  • 1973 - Afghanistan’s monarchy was overthrown

  • 1998 - Papua New Guinea was hit by a deadly tsunami

  • 2014 - Malaysia Airlines Flight 17 was shot down over eastern Ukraine

Get In Touch 📬

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Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋