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Bitmine, a firm known for accumulating Ethereum (ETH), is suspected of purchasing an additional 20,500 ETH, worth $35.92 million, according to a report from Lookonchain. The transaction, a withdrawal from Galaxy Digital, occurred approximately six hours ago. This follows a disclosure from Bitmine last week, in which the company announced it held 5.74 million ETH after another purchase of 42,000 ETH.

An anonymous whale address starting with 0x410 deposited 7,863 ETH ($13.69 million) to Binance about an hour ago, according to data from ai_9684xtpa. Deposits to exchanges are typically interpreted as a precursor to selling. The same address also deposited 6,860 ETH ($10.8 million) to an exchange a week ago and previously netted a $3.5 million profit from short positions on 16 altcoins.

Lookonchain reported that an anonymous whale address starting with 0x2684 has purchased 9,882 ETH ($17.27 million) over the past six hours. Over the past 10 days, the same address has withdrawn a total of 34,577 ETH ($57.53 million) and 250 wBTC ($15.66 million) from Binance.

The Lab (LAB) team has burned 10 million LAB tokens, worth $11.3 million, according to Lookonchain. The token surged last month to over $24 but has been in a steep decline since July 6, now trading around $1.3. The global cryptocurrency community has consistently raised allegations of price manipulation regarding LAB.

Erik Voorhees, founder of the cryptocurrency exchange ShapeShift, has staked 341,690 VVV, worth $3.98 million, on Venice, according to Onchain Lens. This action took place approximately nine hours after he claimed staking rewards of 3,630 VVV ($42,320).

Prediction market platform Polymarket is seeking regulatory approval in the U.S. to offer margin trading services, Bloomberg reported. This system, often used by institutional investors, allows users to open leveraged positions without committing their full capital. While efficient, it amplifies potential profits and losses and carries the risk of forced liquidation. Another platform, Kalshi, obtained a license this year and began supporting perpetual futures. However, Polymarket's use of blockchain to ensure anonymity conflicts with U.S. regulations, which require identity verification for margin trading on prediction market platforms.

CoinMarketCap's Altcoin Season Index is currently at 53, an increase of two points from yesterday. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins, against that of Bitcoin. An "altcoin season" is declared if 75% of these top 100 coins outperform Bitcoin over the last 90 days. Conversely, it is considered a "Bitcoin season." A score closer to 100 indicates a stronger altcoin season.

Strategy still holds more Bitcoin than the world's largest exchange, Binance, despite a recent sale, crypto analyst Darkfost said in a CryptoQuant contribution. He noted that while Strategy sold 3,588 BTC, its remaining holdings of 843,775 BTC are well ahead of Binance's 656,561 BTC. Darkfost also explained that Binance's estimated realized price for its BTC is $60,900, significantly below Strategy's average cost of $75,476.

According to crypto options exchange Deribit, $1.47 billion in Bitcoin options are set to expire at 8:00 a.m. UTC today, July 10. The put/call ratio for this batch is 0.97, with a max pain price of $62,000. Additionally, $240 million in Ethereum options will expire at the same time. These have a put/call ratio of 1.23 and a max pain price of $1,700.

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

CoinMarketCap's proprietary Fear & Greed Index stands at 28, up two points from yesterday, continuing the market's state of "Fear." The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. CoinMarketCap calculates the figure based on factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and its own internal search data.

The Bybit app is no longer searchable on the Google Play Store in South Korea. This move follows a notice issued by Google on Jan. 28, which stated that it could restrict downloads and updates for apps from overseas exchanges not registered as Virtual Asset Service Providers (VASPs) with the Financial Intelligence Unit (FIU), an agency under South Korea's Financial Services Commission.

North Korean leader Kim Jong Un has ordered an expansion of the Reconnaissance General Bureau's intelligence activities and a strengthening of its cyber warfare capabilities, Financial News reported. The bureau is an expanded and reorganized version of the former Reconnaissance General Bureau, which was known as a key agency for operations against South Korea. The U.S. government has identified the Reconnaissance General Bureau as the organization masterminding global hacking and cybercrimes, including cryptocurrency theft and the distribution of ransomware.

The official X account (@cashcat_token) for the Robinhood Chain-based memecoin Cashcat (CASHCAT), which has recently gained attention for a sharp price increase, is suspected of being hacked. A link is currently pinned to the top of the account's feed, directing users to a page that prompts them to connect their wallets to receive exclusive holder rewards. CASHCAT surged from approximately $0.014 on July 8 and is currently trading at about $0.13.

Binance CEO Richard Teng has argued that the European Union's Markets in Crypto-Assets (MiCA) regulation is backfiring, according to BeInCrypto. Speaking at the Reuters Next Asia Summit in Singapore, Teng said that since MiCA's implementation, most departing users are moving their funds to self-custody wallets rather than to platforms with MiCA licenses. He stated this trend undermines the law's original intent, as exchanges operate with anti-money laundering (AML) and know-your-customer (KYC) procedures that self-custody wallets lack. Teng emphasized that it would be better for regulators to focus on licensing compliant companies. Meanwhile, Binance withdrew its MiCA license application in Greece and suspended services for new EU customers on July 1.

AvalancheOne Technology (AVX), an Avalanche (AVAX) acquisition company (DAT), has regained compliance with Nasdaq's minimum bid price requirement, Decrypt reported. The company was previously non-compliant due to a falling stock price but executed a 1-for-12 reverse stock split on June 15. Following the split, its stock price remained above $1 for 10 consecutive trading days from June 15 to June 29, satisfying the listing rule. AvalancheOne holds approximately 14 million AVAX, valued at $95 million, which it is staking for an annual yield of around 6%. The company's current market capitalization is below the value of its AVAX holdings.

Coinbase Chief Legal Officer (CLO) Paul Grewal has left the company for a startup, though he will remain an advisor, CoinDesk reported. Following his departure, Molly Abraham, Vice President of Legal, will lead the company's legal team as legal counsel. Additionally, Ryan Van Grack, former legal counsel at Citadel Securities, will be appointed as Vice Chairman.

Goldman Sachs has prohibited its employees from trading on prediction markets related to finance and politics. The policy specifically bans trading in event contracts tied to individual companies, including Goldman Sachs itself, election outcomes, and financial market performance. Betting on sports and entertainment remains permissible. The bank warned that repeated violations could lead to termination or account closure. In cases of improper trading, the bank may also confiscate any profits exceeding $200 or require the employee to donate the amount to charity.

Grayscale's Chief Financial Officer (CFO), Edward McGee, has resigned after seven years with the firm. CoinDesk reported the departure, citing a filing with the U.S. Securities and Exchange Commission (SEC). According to the document, McGee stepped down for personal reasons, effective July 2, and his resignation was not due to any disagreement with the company's operations, policies, or practices. Grayscale has appointed Kathryn Masci and Daniel Plourde as interim co-CFOs.

The New Hampshire Executive Council has rejected a proposal to issue up to $100 million in Bitcoin (BTC)-backed bonds in a 3-2 vote, CryptoSlate reported. The proposed bonds were to be collateralized by private mining firm CleanSpark, a structure designed to pose no financial burden on the state government or taxpayers.

JPMorgan has analyzed in a new report that the true long-term risk to Bitcoin is not corporate selling, but rather the shift by institutions toward private blockchain networks. According to U.Today, the bank argued that Strategy's Bitcoin sales, which are currently dominating headlines, are a secondary issue. Bitcoin faces a more significant threat as traditional finance adopts blockchain technology that bypasses permissionless networks, JPMorgan explained.

Juan Leon, a senior investment strategist at Bitwise, said in an interview with The Block that Bitcoin's floor is rising despite macroeconomic headwinds, the craze around artificial intelligence (AI), and delays in passing U.S. crypto legislation. He added that some institutional investors view the current downturn as a gift, while others are waiting for regulatory clarity.

The three major U.S. stock indices closed higher today. - S&P 500: +0.81% - Nasdaq: +1.30% - Dow Jones: +0.27%

Lawmakers may release an updated version of the CLARITY Act as early as next week, CoinDesk reported, citing industry sources. A new draft of the bill is expected to be unveiled early next week and could be discussed in the Senate later this month. While the new bill incorporates agreements from the Senate Banking and Agriculture Committees, several issues remain unresolved, including ethics concerns raised by Senate Democrats.

U.S. Federal Reserve Chairman Kevin Warsh has established five task forces to review the central bank's monetary policy framework, with prominent Bitcoin supporter Marc Andreessen, founder of Andreessen Horowitz (a16z), reportedly included in an advisory group. According to BeInCrypto, the five independent groups will examine communication, balance sheet policy, the inflation framework, economic data, and the effects of artificial intelligence on productivity and employment. The outlet suggested that while cryptocurrency regulation is not part of the review, Andreessen's involvement could signal the Fed's growing awareness of the technology.