According to Fixygen, the global cryptocurrency market is nearing the end of the week without a clear direction: Bitcoin held steady at around $64,500, while Ethereum fell significantly, and inflows into U.S. cryptocurrency ETFs remained volatile.
As of Friday, Bitcoin was trading at approximately $64,400. On Monday, July 20, the leading cryptocurrency opened the week at around $64,680. Thus, the weekly decline was less than 0.5%, indicating consolidation following the market’s massive drop in previous months.
Ethereum showed significantly weaker performance over the same period. At the start of the week, its price was around $1,870, while by Friday it had fallen to approximately $1,620. The weekly decline reached 13%.
The total market capitalization of the cryptocurrency market was estimated at approximately $2.2 trillion. Bitcoin accounted for about 59% of the total market value, reflecting sustained investor demand for the largest and most liquid digital asset amid uncertainty.
U.S. spot Bitcoin ETFs saw about $274 million in net inflows over four trading days from July 20 to 23. On Monday, inflows totaled $226.8 million; on Tuesday, $203.2 million; and on Wednesday, $69.1 million.
However, on Thursday, investors withdrew $225.1 million from Bitcoin ETFs. The bulk of the outflow—$202.5 million—came from BlackRock’s IBIT fund. This virtually wiped out a significant portion of the positive results from the beginning of the week. Data for Friday had not yet been published at the time of writing.
Spot Ethereum ETFs attracted approximately $174.5 million from Monday through Thursday. Net inflows were recorded daily, including $72.7 million on Wednesday and $26.3 million on Thursday. However, these inflows were unable to prevent a decline in the price of Ethereum, indicating that pressure on this asset persists across the broader market.
Earlier, U.S. Bitcoin ETFs broke an eight-week streak of outflows, during which investors withdrew more than $8 billion from the funds. The return to inflows was a positive sign, but the volume remains insufficient to indicate a sustained recovery in institutional demand.
A report published this week by CoinGecko showed that the cryptocurrency market capitalization in the second quarter of 2026 fell by 12.6%—from $2.4 trillion to $2.1 trillion.
The market capitalization of stablecoins decreased by 1.6% to $305.1 billion. This marked the first quarterly decline in this metric since the third quarter of 2023 and may indicate a partial withdrawal of liquidity from the cryptocurrency system.
Spot trading volume on the ten largest centralized crypto exchanges fell by 27.9% in the second quarter—to $1.95 trillion. In May, the figure dropped to $619 billion—the lowest monthly level since the start of the year—before rebounding to $695 billion in June.
Trading volume in perpetual futures on the largest centralized exchanges decreased by 10%—from $14.1 trillion to $12.7 trillion. The more moderate contraction of the derivatives market compared to the spot segment indicates that traders remain primarily interested in short-term and speculative trades.
One of the week’s major regulatory developments was the publication on July 22 of an updated version of the U.S. CLARITY Act. The bill aims to establish comprehensive rules for the digital asset market and allocate authority between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
In May, the Senate Banking Committee approved the bill by a vote of 15 to 9. However, the updated version sparked new disagreements, particularly regarding investor protection, combating illicit financing, and limiting conflicts of interest among government officials.
Thus, the week did not provide the market with a clear signal. Bitcoin showed relative stability, but Ethereum’s decline, the sharp reversal of flows into Bitcoin ETFs on Thursday, and weak quarterly figures for exchange activity indicate that market participants remain cautious.
The final results of the week will depend on Friday’s flows into U.S. ETFs, the situation in global risk markets, and further progress on cryptocurrency legislation in the U.S.
According to The Serbian Economist, people in British politician Nigel Farage’s inner circle have developed significant business and political interests in Montenegro in recent years, a country that Prime Minister Milojko Spajić wants to promote as a hub for the crypto industry, the Financial Times reports.
According to the publication, several individuals linked to Farage and the Reform UK party have shown interest in Montenegro. Among them are crypto investor Christopher Harborn, former Reform UK treasurer Mehrtash Azami, Farage’s former communications director Hayward Taylor, and longtime adviser George Cottrell. The publication attributes their interest in the country to its low costs, favorable climate, supportive stance toward the crypto sector, and the political opportunities offered by this small Balkan economy.
Harborne, who had previously transferred 5 million pounds to Farage, registered the company Longevity Biotech Systems in Tivat in 2023, while Azami and Tauler also established business entities in that city. According to the publication, Cotrall has long been active in Montenegro through the consulting firm Geostrategy; his lawyers have denied allegations related to his alleged support of political campaigns in the country.
Montenegro has become particularly attractive to such players amid Prime Minister Milojko Spajić’s push to develop the crypto industry. Spajić has promoted the idea that cryptocurrency mining and trading could become a significant part of the country’s economy.
Interest in Montenegro is also growing due to its European prospects. The country applied for EU membership in 2008, received candidate status in 2010, and accession negotiations began in 2012. According to the Council of the EU, Montenegro has opened all 33 negotiation chapters and, as of mid-June 2026, has provisionally closed 16 of them, remaining the most advanced candidate for EU accession.
Nigel Farage is one of the most prominent British Euroskeptic politicians, the former leader of UKIP, and the current leader of Reform UK. For many years, he was one of the leading public advocates of Brexit. According to the official website of the British Parliament, Farage served as the Member of Parliament for the Clacton constituency from July 4, 2024, and left the House of Commons on July 8, 2026.
https://telegram.me/relocationrs/3226
According to Fixygen, the American company Strategy Inc. sold $216 million worth of Bitcoin, marking the company’s largest cryptocurrency sale since it began building its Bitcoin portfolio in 2020.
This is an important psychological signal for the crypto market. Strategy has long been viewed as one of Bitcoin’s leading corporate supporters and a role model for companies considering BTC as a reserve asset. Therefore, even a partial sale could heighten investors’ doubts about the sustainability of corporate demand for cryptocurrency.
According to the company, this is only its third Bitcoin sale since 2020. However, the scale of the transaction significantly exceeds previous ones, and the timing was chosen amid a weak market: on Monday, Bitcoin fell by 1.9% to $61,532, and has lost 30% of its value since the start of the year.
An additional negative factor was Strategy’s $8.32 billion loss on digital assets for April–June. This illustrates just how sensitive the company’s business model has become to Bitcoin’s revaluation and the crypto market’s decline.
Strategy’s stock fell 4.5% in pre-market trading on Monday. Since the beginning of the year, the company’s market capitalization has shrunk by nearly 34%—to $35.3 billion—while the Nasdaq Composite Index rose by more than 11% over the same period. This means that investors no longer view Strategy as a typical technology company, but rather as a high-risk proxy for Bitcoin.
For the crypto world, the main issue is not the amount of the sale itself, but the shift in perception. If a company that has spent years building an image as the largest corporate holder of BTC begins to sell the asset in significant volumes, the market may see this as a signal: even long-term institutional holders are forced to lock in liquidity or reduce risk.
In the short term, this could intensify pressure on Bitcoin and related stocks, especially if investors begin to anticipate further sales. More broadly, the Strategy case shows that corporate Bitcoin holdings remain not only an investment story but also a source of volatility for balance sheets, financial reporting, and the stock market.
The crypto market will now be watching not only the Bitcoin price and ETF flows but also whether Strategy continues its sales. If these turn out to be a one-time transaction, the impact may be limited. However, if the company begins to systematically reduce its position, it will be one of the most significant bearish signals for the market since 2020.
According to data from Opendatabot, employees of the National Police, the Prosecutor’s Office, and service members of the Armed Forces of Ukraine filed the most cryptocurrency declarations for 2025.
The National Police remain in the lead: their employees filed 548 cryptocurrency declarations, accounting for 19.2% of all such declarations. Employees of the Prosecutor’s Office filed 358 declarations, or 12.5% of the total.
In third place are service members of the Armed Forces of Ukraine with 240 declarations, accounting for 8.4%. Next are representatives of the judicial system—223 declarations—followed by city councils—198—the State Emergency Service—107—the Security Service of Ukraine and the State Bureau of Investigation—107—regional councils—94—and the tax service—92. Another 894 declarations were filed by other agencies and institutions.
By region, the highest number of cryptocurrency declarations was filed in Kyiv—820. Second place goes to the Kyiv region with 277 declarations, and third to the Dnipropetrovsk region with 215. In the Kharkiv region, 200 such declarations were filed, and in the Lviv region, 174.
In total, Ukrainian officials filed 2,861 cryptocurrency declarations in 2025. This is 16% more than in 2024. At the same time, 265 declarations were submitted late—after April 1, 2026—and six cryptocurrency declarations were removed from public access.
The breakdown of crypto declarations shows that digital assets are increasingly appearing in asset disclosures from the security, law enforcement, and judicial sectors. This underscores the importance of financial monitoring, anti-corruption verification of the origin of funds, and the accurate valuation of crypto assets in these declarations.
A separate international analysis shows that Ukraine remains one of the world’s leading countries in terms of cryptocurrency adoption. According to Chainalysis’s Global Crypto Adoption Index 2025, the top 10 countries are: India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Chainalysis also notes that, when adjusted for population size, Ukraine ranks first in the world, ahead of Moldova, Georgia, Jordan, and Hong Kong.
Source: Opendatabot
Armed Forces of Ukraine, CRYPTOCURRENCY, NATIONAL POLICE, tax return, Опендатабот
According to data from Opendatabot, Oleksandr Kizlyar, a member of the Khmelnytskyi District Council, declared the largest Bitcoin portfolio among Ukrainian public officials for 2025.
His declaration lists 100 BTC, which as of June 10, 2026, was valued at 278.8 million UAH.
Second place in terms of the amount of declared Bitcoin went to Oleg Bondarenko, a member of the Ukrainian Parliament and chairman of the Verkhovna Rada Committee on Environmental Policy and Natural Resource Use. He declared 80 BTC worth approximately 223 млн грн.
In third place is Kristina Pavlova, a representative of the Department of Public Works and Infrastructure of the Dnipro City Council, who reported 20 BTC worth over 55.7 млн грн.
Kizlyar also topped the ranking of Ethereum holders among those who filed declarations. He declared 1,000 ETH worth nearly 74 million UAH. Second place in this category went to Kristina Pavlova with 130 ETH, valued at 9.6 million UAH. Third place went to Iryna Sukhovetruk, a representative of the Kyiv City Prosecutor’s Office, with 100 ETH worth approximately 7.4 million UAH.
The largest amount of Tether (USDT) was declared by Hanna Fazikosh, chair of the Zakarpattia Court of Appeals—over 1.019 million USDT, or nearly 46 million UAH. Second place went to Pavlo Shandra, a deputy of the Odesa Regional Council, with 719,000 USDT worth over 32.4 million UAH. Third place went to Maksym Kiselov, director of the Kyiv Research Institute of Forensic Expertise, who declared 647,000 USDT worth over 29.1 million UAH.
Among the 391 members of the Verkhovna Rada, 16 declared cryptocurrency holdings, or about 4%. Oleg Bondarenko declared the largest crypto portfolio among parliamentarians—80 BTC.
Data from Opendatabot shows that the largest crypto assets among Ukrainian officials are concentrated not only in central government bodies but also among local council members, representatives of the judicial system, the prosecutor’s office, and local self-government bodies.
In an international context, Ukraine ranks among the global top 10 in terms of cryptocurrency adoption. According to Chainalysis’ Global Crypto Adoption Index 2025, the top ten spots are held by India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the world by the overall index and 1st by the population-adjusted metric.
Source: Opendatabot
BITCOIN, CRYPTOCURRENCY, DECLARATIONS, OFFICIALS, Опендатабот
Ukrainian officials filed 2,861 cryptocurrency declarations for 2025, which is 16% more than in 2024, according to Opendatabot data based on the Unified State Register of Declarations.
In total, declarants filed 654,159 declarations last year. In 2024, the number of cryptocurrency declarations was 2,468; in 2023, 1,921; in 2022, 1,481; and in 2021, 961. Thus, compared to 2021—before the war—the number of crypto tax returns has nearly tripled.
At the same time, 265 tax returns involving cryptocurrency for 2025 were filed late—after April 1, 2026. Another six declarations containing information on cryptocurrency were restricted from public access.
Representatives of the National Police are the most active in declaring digital assets. They filed 548 declarations involving cryptocurrency, or 19.2% of the total number of such declarations. Next are employees of the Prosecutor’s Office—358 declarations, military personnel of the Armed Forces of Ukraine—240, representatives of the judicial system—223, and city council employees—198.
Geographically, Kyiv leads the way, with 820 declarations containing cryptocurrency information filed there. Next are Kyiv Oblast—277 declarations, Dnipropetrovsk Oblast—215, Kharkiv Oblast—200, and Lviv Oblast—174.
Opendatabot does not provide the total value of all declared crypto assets, but some of the largest holdings are estimated at tens and hundreds of millions of hryvnias. In particular, the largest declared Bitcoin portfolio among officials for 2025 amounts to 100 BTC, which was valued at 278.8 million hryvnias as of June 10, 2026.
The increase in the number of declarations involving cryptocurrency indicates that digital assets have become a significant part of Ukrainian officials’ asset declarations. At the same time, this creates an additional need to verify the origin of such assets, the accuracy of their valuation, and the transparency of their declaration.
In the international context, Ukraine remains one of the world’s most active cryptocurrency markets. According to Chainalysis’s Global Crypto Adoption Index 2025, the top 10 countries by cryptocurrency adoption are: India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the overall ranking and 1st when adjusted for population size.
Source: Opendatabot
