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A whale who purchased 9,389 ETH four years ago for $40.47 million appears to have sold the entire holding at a loss, Lookonchain reported. The investor originally bought the tokens at an average price of $4,311. About 10 hours ago, the whale's address deposited all 9,389 ETH, now valued at $16.69 million, into Coinbase Prime. The estimated loss on the sale is $23.8 million.

Cryptocurrency options trading platform BIT has identified today's U.S. Consumer Price Index (CPI) release as a key variable that will determine Bitcoin's next direction. The platform noted that since September of last year, market expectations for U.S. monetary policy have leaned toward tightening, limiting the crypto market's upside potential. Additionally, the market is interpreting a recent comment from Fed Governor Christopher Waller that the Fed is at an important turning point as a hawkish signal. BIT projected that if the year-over-year increase for the June CPI exceeds 4.0%, the possibility of further monetary tightening will come into focus, potentially intensifying downward pressure on BTC.

The South Korean government will launch a pilot program to tokenize government bonds on a blockchain, linked to the Bank of Korea's wholesale central bank digital currency (CBDC), according to Yonhap Infomax. The plan was unveiled at a cabinet meeting on July 14 as part of the government's 'Economic Growth Strategy for the Second Half of 2026.' The strategy also includes preparing measures to strengthen industrial competitiveness through large-scale blockchain pilot projects and securing leading technologies in the latter half of this year. Furthermore, the government will pursue the enactment of a 'Digital Asset Basic Act' to segment the digital asset industry, regulate business activities, and create a legal framework for stablecoins. It also plans to develop a framework for cross-border stablecoin transactions in line with the second phase of digital asset legislation and will support amendments to the Capital Markets Act to introduce spot exchange-traded funds (ETFs).

Trading volume on South Korea's largest cryptocurrency exchange, Upbit, has surged by approximately 1,318.8% in the last 24 hours to reach about $4.243 billion, according to data from CoinGecko. The spike has fueled speculation that South Korean investors are turning back to the crypto market as the domestic stock market declines.

Paul Razvan Berg, co-founder of the automated token payment system Sablier, announced on X that Sablier Labs, the development company behind the project, is halting active product development and transitioning to a maintenance phase. He stated that support for existing users will continue until June 2028, while the Sablier protocol itself will become an open-source public good operating permanently on-chain. Berg explained that the company's situation became difficult in the first quarter of 2026. Despite launching a record number of features, both user numbers and revenue plummeted. He attributed this to the crypto market downturn, which caused clients to postpone token launches, and the advancement of AI coding tools that made it cheaper to build similar services. Berg added that several planned expansion projects failed, making growth challenging. These included: - On-chain loans collateralized by vesting tokens - A proprietary mainnet - Conditional unlocks - AI agent skills

The U.S. Federal Law Enforcement Officers Association (FLEOA) has submitted a letter to the Senate Banking Committee expressing its support for the CLARITY Act, Cointelegraph reported. In the letter, FLEOA stated its support for the bill, highlighting its dual focus on consumer protection and law enforcement. The association stressed, however, that the legislation must clarify that it does not limit existing federal investigative powers. The outlet noted the endorsement is significant as it comes just weeks before the August recess, which is considered a critical deadline for the bill's fate.

U.S. Central Command announced it completed its latest strike operation against Iran at 2:15 a.m. UTC on July 13. During the five-hour operation, the U.S. military used precision-guided munitions to hit multiple military targets in Iran, including sites in Bushehr, Chabahar, Jask, Konarak, Abu Musa island, and Bandar Abbas. The targets included Iran's coastal defense systems, missile and drone sites, and maritime operational capabilities, with the stated goal of further degrading Iran's ability to attack merchant ships. The command added that more than 50,000 U.S. military personnel are currently deployed in the Middle East, maintaining a high state of alert and robust combat readiness to respond to any situation.

According to on-chain analysis platform Arkham (ARKM), an anonymous whale address starting with 0x2e8 withdrew 37,000 ETH, worth approximately $65.24 million, from the U.S. cryptocurrency exchange Gemini about 11 hours ago. The funds have since been split and staked.

Ethereum (ETH) Layer 1 transaction fees must be kept low to foster ecosystem growth, according to co-founder Joseph Lubin. He argued that attracting more businesses and users with low fees is more beneficial to the Ethereum ecosystem in the long term. Lubin predicted that, following the example of companies like Robinhood, tens of thousands of businesses will build services over the next two to three years using a combination of Ethereum Layer 1, Layer 2, and private EVMs. He added that these networks will interoperate freely, increasing the Ethereum network's utility and value, which will naturally boost Layer 1 fee revenue. Lubin also emphasized that this, combined with ETH being locked up through staking and the amount burned exceeding new issuance—maintaining the "Ultrasound Money" structure—will further increase the value of ETH.

Leading Japanese card company JCB plans to launch a pilot program for USDC payments targeting tourists visiting Japan by the end of the year, Nikkei reported. In collaboration with a subsidiary of Circle, the issuer of the dollar-pegged stablecoin USDC, JCB will initially test the service at a single store in Tokyo popular with tourists. The company will also consider expanding the payment option to other merchants following the trial. This initiative aims to simplify currency exchange procedures, lower transaction fees, and improve convenience for visitors to Japan.

OranjeBTC, a Brazilian publicly traded company that has been strategically accumulating Bitcoin, purchased an additional eight BTC yesterday, according to BitcoinTreasuries.net. The latest purchase brings its total holdings to 3,912 BTC, ranking it 24th among corporate Bitcoin holders.

Cryptocurrency market maker Cumberland announced it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows the firm to provide Digital Payment Token (DPT) and cross-border money transfer services.

Iran's Islamic Revolutionary Guard Corps (IRGC) announced on July 14 that it attacked and destroyed two foreign oil tankers near the Strait of Hormuz. The IRGC claimed the two tankers had ignored multiple navigation warnings, illegally entered the area, and turned off their navigation systems, posing a serious threat to maritime safety. In response, the IRGC navy stated it took necessary measures in accordance with relevant laws, resulting in the destruction of the vessels. Iran emphasized that the safety and smooth passage through the Strait of Hormuz are crucial for the global energy supply, adding that while it will guarantee normal transit, it will respond decisively to illegal acts that threaten regional security. Relevant authorities have launched a further investigation into the incident and plan to release more details at a later date.

An analysis from Coinbase suggests that Bitcoin may be forming a bottom, given its limited decline despite recent macroeconomic headwinds. The exchange noted that while U.S. non-farm payrolls came in significantly below expectations, renewed inflation concerns have emerged due to heightened military tensions in the Middle East. This has led the market to price in the possibility of a prolonged high-interest-rate environment, with an increasing likelihood of a rate hike by the U.S. Federal Reserve (Fed) before the end of the year. Despite these negative factors, BTC only fell by about 2%, which Coinbase interprets as a sign that the cryptocurrency is in the process of consolidating a bottom.

DEXE has risen by 4.12% in the past five minutes on the COINNESS market. Currently, DEXE is trading at $40.96.

DEXE has fallen by 4.14% in the past five minutes on the COINNESS market. Currently, DEXE is trading at $40.1.

The cryptocurrency market is showing its strongest fundamentals in years, but prices are not reflecting this strength, according to Seth Ginns, CIO of Franklin Crypto. In an interview with CoinDesk, Ginns noted that expanding institutional adoption is accelerating the convergence of traditional finance and blockchain through instruments like stock tokens and stablecoins. He suggested that the U.S. Senate's handling of the CLARITY Act and the emergence of a revenue-focused token buying model could serve as the market's next catalysts. Ginns cited Hyperliquid as a prime example of this model, adding that protocols like Uniswap, Aave, Chainlink, and Stellar could be re-evaluated if they strengthen similar revenue-centric approaches.

An address believed to be owned by the U.S. government has deposited 3,940.7 BTC ($244 million) and 30,007 ETH ($53.09 million) into Coinbase Prime, according to an analysis by EmberCN. The total value of the transfer is approximately $297 million. While deposits to exchanges are often interpreted as a precursor to selling, Coinbase Prime is a prime brokerage platform for institutional investors that offers trading, custody, and financing services, suggesting other potential uses for the funds. The U.S. government is currently known to hold approximately $20.5 billion in crypto assets. This includes 325,000 BTC ($20.2 billion), 145 million USDT, 28,000 ETH ($50.35 million), and 62,000 BNB ($35.38 million).

Circle, the issuer of the dollar-pegged stablecoin USDC, has minted an additional 750 million USDC on the Solana (SOL) network, according to analysis from Onchain Lens. Year-to-date, Circle has minted approximately 68.26 billion USDC on the Solana chain.

Hashi, a Sui-based lending primitive, will allow Bitcoin to be used as collateral while maintaining it in a verifiable and controllable on-chain form, without the need for wrapping. In an announcement on X, Sui noted that institutional investors do not trust bridged or wrapped BTC, adding that the global testnet for Hashi is imminent.

The Crypto Fear & Greed Index, as estimated by data provider CoinMarketCap, has fallen four points from yesterday to 27, keeping market sentiment in the "Fear" stage. The index measures market sentiment on a scale of zero, representing extreme fear, to 100, indicating extreme optimism. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). The Volume Heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price remains in a certain range for an extended period or moves significantly. These brighter areas can act as potential support and resistance levels. The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. - Yellow line: Orders between $100 and $1,000 - Brown line: Large orders between $1 million and $10 million

An anonymous wallet has withdrawn 30,100 ETH, worth approximately $52.84 million, from Coinbase Prime and transferred the funds to a new wallet address, according to on-chain asset monitoring platform Onchain Lens.

Grayscale has analyzed that the crypto market is shifting capital from speculative meme coins to "fundamental" tokens that generate actual revenue, a trend driven by the ongoing bear market and the influx of institutional investors. According to Grayscale's own index analysis, the consumer sector, predominantly composed of meme coins, has plummeted 75% since the beginning of 2024. In contrast, the financial protocol sector, buoyed by the growth of stablecoins and real-world assets (RWA), has risen 15% over the same period. Grayscale highlighted the decentralized futures exchange Hyperliquid (HYPE) as a key example, noting it has broken into the top 10 by market capitalization by proving its revenue model, which uses trading fees to buy back its tokens. The firm emphasized that projects generating cash flow, such as Solana and Hyperliquid, should be evaluated similarly to traditional companies. Ultimately, Grayscale projects that actual "platform usage" and "revenue," rather than speculation, will be the key indicators determining the future winners in the cryptocurrency market.

New Hampshire Governor Kelly Ayotte has signed the 'Blockchain Basic Law (HB639),' a bill designed to protect cryptocurrency innovation and usage within the state. The legislation guarantees individuals' rights to use self-custody wallets and make payments, and it establishes a dedicated procedure within the Superior Court for handling blockchain-related disputes. Furthermore, the law specifies that operating a node, mining, or staking does not require a separate money transmitter license. This move continues New Hampshire's series of pro-crypto policies, following last year's passage of a 'Strategic Bitcoin Reserve Bill' that allows up to 5% of public funds to be invested in Bitcoin and precious metals. However, the state's Executive Council did veto a proposal last week to issue municipal bonds backed by Bitcoin.