US Treasury Secretary "Exploring Budget-Neutral Methods to Increase BTC Reserves"
US Treasury Secretary Scott Bessent stated on X, "The Treasury is exploring budget-neutral methods to increase BTC reserves and is committed to fulfilling the President's promise to make the United States a global Bitcoin powerhouse. Confiscated Bitcoins will serve as the foundation for BTC reserves."
US SEC Chairman to Discuss 'Project Crypto' Tomorrow
According to Watcher Guru, US SEC Chairman Paul Atkins is scheduled to discuss Project Crypto tomorrow. Previously, Coinness reported that the SEC is pursuing 'Project Crypto' to make the United States the global cryptocurrency capital.
Citigroup Considering Custody and Settlement Services for Stablecoins and Crypto ETFs
Walter Bloomberg reported that Citigroup is examining the provision of custody and settlement services for stablecoins and cryptocurrency ETFs.
BlackRock BTC ETF AUM Surpasses $90 Billion
Solid Intel reported that BlackRock's BTC spot ETF assets under management (AUM) have exceeded $90 billion.
Corporate and ETF Holdings Surpass 10 Million ETH
According to Strategic Ethereum Reserve, corporate holdings are 3.57 million ETH, and ETF holdings are 6.44 million ETH, totaling over 10 million ETH.
Lending Protocol Deposits Reach $100 Billion, All-Time High
Unfolded reported that lending protocol deposits have reached $100 billion, marking an all-time high.
US Financial Institutions Actively Hiring Crypto Executives
Coin Telegraph reported that financial institutions like Charles Schwab and Fidelity are currently hiring crypto executives. Charles Schwab is recruiting a Senior Product Manager for crypto trading and on-chain experience, Fidelity is seeking a cryptocurrency technology risk analyst, and S&P Global is hiring a Global Senior Research Analyst for crypto and DeFi. The media explained that as US crypto regulation becomes clearer, crypto-related jobs on Wall Street are increasing.
Sequans "To Purchase 100,000 BTC by 2030"
Bitcoin Treasury reported that French listed company Sequans plans to purchase 100,000 BTC by 2030.
294,237,621 USDT Transferred... OKX → Anonymous
According to Whale Alert, 294,237,621 USDT was transferred from an OKX address to an anonymous address, amounting to $290 million.
Abu Dhabi Sovereign Wealth Fund Discloses 8.72 Million Shares of BlackRock IBIT
Mubadala, the Abu Dhabi sovereign wealth fund, holds approximately 8.72 million shares of BlackRock's BTC ETF IBIT as of June 30, unchanged from May.
Analysis: "Healthy Correction in Cryptocurrency"
David Sheimer, co-founder of Wave Digital Assets, diagnosed the current correction as "healthy". According to CoinDesk, he stated, "Bitcoin remains the core of institutional investor crypto strategies. Profit-taking after a sharp rise is entirely normal." Joel Kruger, market strategist at LMAX Group, also noted, "Profit-taking is not surprising. The overall market outlook is very positive, and the decline will soon stop." Meanwhile, over $1 billion in cryptocurrency futures positions were liquidated in the past 24 hours, mostly long positions.
Analysis: "ETH/BTC Breaks Above 365-Day Moving Average... Signals Potential Upward Trend"
Crypto Quant reported that ETH/BTC has broken above the 365-day moving average, historically signaling the start of an ETH upward cycle.
Polymarket: 65% Probability ETH Reaches $5,000 by End of August
On the prediction market Polymarket, 65% are betting that ETH will reach $5,000 before the end of August. According to Coin Telegraph, 90% are betting on $4,800 by August end. Popular trader Rect Capital diagnosed that for ETH to continue rising, it needs to establish $4,631 as a new support line.
Lido ETH Staking Market Share Hits All-Time Low
CoinDesk reported that Lido's (LDO) Ethereum staking market share has dropped to a record low of 24.4%, significantly down from its peak of 32.3% at the end of 2023. The media suggested this indicates a maturing staking ecosystem.
US State Department Targets Russian Crypto Exchange Garantex
The US State Department and Treasury have identified the Russian cryptocurrency exchange Garantex as a target. Garantex has already been designated for US sanctions.
Block Unveils Modular Bitcoin Mining System
Crypto Briefing reported that Jack Dorsey's Block has released a modular Bitcoin mining system called Proto Rig and an open-source software platform for mining optimization called Proto Fleet. Through Proto Rig, hash boards can be upgraded without disassembling mining machines. Block explained that this can extend mining machine lifespans from 3-5 years to 10 years and reduce upgrade costs by approximately 20% per cycle.
Bittayer Completes $5 Million Token Sale
The Block reported that Bitcoin Layer 2 Bittayer raised $5 million through a BTR token sale on crowdfunding platforms like CoinList and Eco. The new funds will be used for operations, team growth, and ecosystem development.
30 Million USD1 Issued on Solana
Jack Wittkoff, co-founder of World Liberty Financial, reported that 30 million USD1 was issued on Solana. USD1 is a stablecoin issued by World Liberty Financial.
Gang Arrested for Kidnapping Crypto Worker's Mother and Extorting 5 BTC
In March, TheBlock reported that 4 suspects who kidnapped a Brazilian woman and demanded 5 BTC from her child were arrested. The victim's son, who works in the cryptocurrency industry, paid 5 BTC to the gang. The suspects gathered information from his social media before the kidnapping.
Trump: "Inflation at Almost Zero Level"
Trump stated, "Inflation has dropped to a perfect level. Inflation is almost nonexistent."
BTC Below $118,000
According to Coinness market monitoring, BTC has fallen below $118,000. On the Binance USDT market, BTC is trading at $117,907.45.
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