Crypto Industry News & Market Trends

Euro trims gains as the Pound strengthens ahead of Andy Burnhams nomination

The Euro (EUR) ticks lower against the British Pound (GBP) on Monday, trading at 0.8495 at the time of writing, as last weeks rebound from 13-month lows at 0.8455 failed to consolidate above 0.8500.　　The Sterling is picking up across the board as the market braces for the nomination of the former Mayor of Manchester, Andy Burnham, who is expected to replace Keir Starmer, who stepped down as Prime Minister in June after only two years in office,　　Burnham, who will become the seventh UK Prime Minister in just over a decade, has pledged in an interview with The Times newspaper to release a 10-year economic plan to “rewire” the UK and improve peoples lives.　　The Pound has kept a solid tone since Burnham was presented as the best-positioned candidate to replace Starmer, as he strived to calm markets, promising a responsible fiscal policy. Investors, however, are likely to keep a cautious stance with the GBP, awaiting the identities of the Cabinets members.　　The Euro, on the other hand, remains on its back foot, weighed by the escalating hostilities in Iran and the higher Oil prices, as the barrel of Brent Crude climbed to fresh one-month highs, a few cents below $90.00 on Monday.

07-20Industry

Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE) and XRP Price Analysis for July 20: Fresh Week Without Fresh Liquidity

After failing to sustain multiple attempts at recovery throughout July, Shiba Inu is still struggling under intense bearish pressure, with the asset trading close to $0.0000041. SHIB has been firmly in a long-term downtrend for the majority of 2026, as evidenced by the charts distinct pattern of lower highs and lower lows.　　The break from a rising channel that had sustained price action between March and May is among the most noteworthy developments. SHIB fell sharply after losing that structure‘s lower boundary, and it hasn’t been able to recover any significant moving averages since. The 50-day EMA is still above $0.0000045, and the 100-day and 200-day averages are significantly higher, supporting the bearish market structure.　　SHIB/USDT Chart by TradingView　　The range of recent trading activity has shrunk to near yearly lows. Although this might seem positive at first glance, the low volume of purchases indicates that market players are still reluctant to make large purchases. SHIB is in the vicinity of oversold territory with an RSI of about 35, but there isnt yet a clear reversal signal.　　Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE) and XRP Price Analysis for July 20: Fresh Week Without Fresh Liquidity　　Ethereum Developer Consensys Denies User Data Was Compromised　　Regaining the

07-20Industry

Oil: Disruptions lift prices and speculative longs – ING

ING analysts Warren Patterson and Ewa Manthey note that Brent Oil has broken above US$90 as escalating conflict in the Persian Gulf and potential chokepoint closures disrupt vessel flows. They highlight the end of US SPR releases, rising speculative net longs in ICE Brent and gasoil, and increased vulnerability of the oil market to further supply shocks.　　Brent rallies on supply risk escalation　　“ICE Brent broke above US$90/bbl this morning with no let-up in the escalation in the Persian Gulf. The US and Iran continue to exchange strikes, which are proving to be deadly for both sides. If this escalation goes unchecked, we could return to an environment of wide-scale attacks across the Persian Gulf.”　　“Vessel flows have essentially ground to a halt. LSEG data show that only 2 outbound visible oil tankers transited the Strait of Hormuz, with no inbound traffic. Flows are essentially back to where they were before the Memorandum of Understanding (MoU).”　　“The issue for the oil market is that SPR releases, which have offered some relief during the war, are set to cease around the end of this month. This leaves the market relatively more vulnerable. Clearly, theres always the potential for SPRs to be tapped further.”　　“Given the market

07-20Industry

Ethereum Developer Consensys Denies User Data Was Compromised

Leading Ethereum software firm Consensys has firmly denied rumors that user data or funds were compromised after a North Korea-linked IT worker temporarily gained access to the core codebase of its popular Web3 wallet, MetaMask.　　The security incident, which took place earlier this year, involved an individual operating under the alias “Tyler Knapp” (GitHub username: “imyugioh”).　　The individual was not a direct employee of Consensys, but was instead engaged as a consultant through an unnamed third-party provider.　　Ethereum Developer Consensys Denies User Data Was Compromised　　What Could Ignite $100K Bitcoin Rally？ Novogratz Names Three Factors　　Between March 9 and early April 2026, the contractor contributed directly to MetaMask‘s core codebase, specifically working on the wallet’s fiat on-ramp and off-ramp features.　　Upon detecting the threat, Consensys took immediate and aggressive action. The firm froze all product releases, swiftly terminated the contractors access, and launched a comprehensive internal security audit.　　You Might Also Like　　The company also confirmed that it has notified law enforcement agencies regarding the infiltration.　　Correcting misinformation　　In a public statement released on X (formerly Twitter), Consensys sought to correct recent misinformation circulating online about the severity of the breach.　　“Earlier this year, we identified and contained a threat from an individual engaged as a consultant through a third-party provider,”

07-20Industry

British Pound: Political stability supports Sterling for now – Commerzbank

Commerzbank‘s Thu Lan Nguyen notes that the Pound initially strengthened as markets welcomed Andy Burnham’s rapid move into 10 Downing Street and hopes for reduced political turmoil. She cautions that the UK faces stagnating growth, high debt and rising costs, and that current positive sentiment toward the Pound could reverse if economic revival and fiscal consolidation disappoint.　　Political shift supports Pound for now　　“Today, Andy Burnham will officially move into 10 Downing Street in London, completing a surprisingly smooth transfer of power from his predecessor, who resigned only last month. Markets initially rewarded this rapid change in leadership with an appreciation of the pound.”　　“On the other hand, the market appears to be betting that the period of political turmoil and recurring scandals that has characterised recent years is coming to an end. Whether Burnham can in fact provide greater stability remains to be seen.”　　“In short: Burnham needs to revive the economy while at the same time consolidating the public finances. In doing so, he is dependent on the confidence of financial markets.”　　“If he fails to achieve either of these goals, the currently positive sentiment could quickly reverse. In the short term, however, markets are likely to grant Burnham the benefit of the

07-20Industry

Euro: Upside bias holds above key support against US Dollar – UOB

United Overseas Banks (UOB) Quek Ser Leang sees EUR/USD consolidating with a slight downside bias intraday, expecting moves within 1.1405–1.1450. Over 1–3 weeks, the Euro is still viewed with an upside bias as long as 1.1405 holds, though momentum toward 1.1520 remains uncertain. On a multi-week horizon, a break below 1.1390/1.1410 would target 1.1210.　　Euro holds range with mild upside risk　　“24-HOUR VIEW: When EUR was at 1.1445 last Friday, we stated that ”the current price movements are likely part of a consolidation phase between 1.1420 and 1.1465.“ Our view of consolidation was not wrong, even though EUR traded within a narrower range than expected (1.1424/1.1452). EUR traded on a soft note after opening today, but the slight increase in downward momentum is not sufficient to indicate a continued decline. Overall, EUR could edge lower today, but any decline is likely to be contained within a 1.1405/1.1450 range.”　　“1-3 WEEKS VIEW: Last Thursday (16 Jul, spot at 1.1470), we highlighted that while EUR ”is likely to trade with an upside bias, it is too early to determine whether there is sufficient momentum for EUR to reach the significant resistance level at 1.1520.“ We added, ”a breach of 1.1405 (‘strong support’ level) would indicate

07-20Industry

Indian Rupee starts weak negatively as oil prices extend gains

The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) at the start of the week. The USD/INR pair jumps to near 96.46 as a fresh surge in oil prices and the consistent outflow of foreign funds from the Indian stock market are hurting the Indian currency.　　In the opening trade, the MCX Crude Oil contract expiring on July 20 is 2.6% higher at around Rs. 8,150, the highest level seen in over a month.　　Currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform in a high-oil-price environment.　　Oil prices surge on continued US-Iran aggression　　The continuous exchange of attacks between the United States (US) and Iran after the collapse of the ceasefire has pushed oil prices higher, disrupting the overall energy supply. Latest reports from Iran have shown that they are consistently attacking oil tankers attempting to transit the Strait of Hormuz, a vital passage to almost one-fifth of the global energy supply.　　Iran‘s Islamic Revolutionary Guard Corps (IRGC) said that two oil tankers were blown up after attempting to transit the southern route of the Strait of Hormuz. The Iranian military stated that the passage will not be

07-20Industry

EUR/USD Price Forecast: Edges higher to near 1.1450 but remains capped below 100-day SMA

The EUR/USD pair trades in positive territory around 1.1445 during the early European trading hours on Monday, bolstered by a hawkish tone from the European Central Bank (ECB). The ECB is expected to hold interest rates on ThThursday butill hike for the second time this year in September as a renewed energy price surge raises the risk of more intense inflation pressures, according to Reuters.　　However, escalating tensions in the Middle East could boost safe-haven flows, supporting the US Dollar (USD) against the Euro (EUR). Bloomberg reported that the US has launched the ninth night of Iran strikes, with Washington saying that airstrikes on Sunday aimed to “punish” Iran over the first US military deaths since renewed hostilities with the Islamic Republic began.　　Iran‘s Islamic Revolutionary Guard Corps (IRGC) said that the Strait of Hormuz will not be safe for petrochemical products or ’single drop of oil and gas transit as long as US actions in the region continue.　　Technical Analysis:　　In the daily chart, EUR/USD keeps a bearish near-term tone as it holds beneath the 100-day Simple Moving Average (SMA). Price sits just under the upper Bollinger Band near, hinting that the latest bounce is running into overhead supply, while the middle Bollinger

07-20Industry

Gold price in United Arab Emirates: Rates on July 20

Gold prices remained broadly unchanged in United Arab Emirates on Monday, according to data compiled by FXStreet.　　The price for Gold stood at 474.81 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 474.54 it cost on Friday.　　The price for Gold was broadly steady at AED 5,538.14 per tola from AED 5,534.89 per tola on friday.Unit measureGold Price in AED1 Gram474.8110 Grams4,748.14Tola5,538.14Troy Ounce14,768.37　　FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

07-20Industry

China pushes the Frontier, Europe holds the line, and Morgan Stanley chooses Gamma over Theta

AI daily – Chinas moonshot fires another shot across the AI bow　　The AI trade was already beginning to sag under the weight of its own ambition. Capital spending keeps climbing, hyperscaler balance sheets are being stretched, and investors are asking harder questions about whether the economics will ever catch up with the infrastructure bill. Then Chinas Moonshot AI unveiled Kimi K3, and another DeepSeek-style tremor ran through US technology stocks.　　The model does not need to dethrone OpenAI or Anthropic to matter. It only needs to prove that frontier-level capability is becoming cheaper, more widely available and increasingly difficult to monopolise. That is the real threat to the old AI script.　　Kimi K3 reportedly sits near the top of the current model rankings, with strong results across reasoning, coding and long-context workloads.　　It is also being positioned as a large open-weight model with native text, image and video capabilities, alongside aggressive API pricing that undercuts many premium closed systems.　　That is where the markets nerves begin to fray.　　The US AI complex has spent the past several years trading on the belief that enormous data-centre investment would create an almost unassailable moat.　　The logic was simple: whoever controlled the largest models, the most advanced chips and

07-20Industry

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