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The address behind the Bonk (BONK) DAO governance exploit, which stole $21.2 million worth of the token, deposited 1.186 trillion BONK ($4.11 million) to Binance three hours ago, EmberCN reported. This move is believed to be part of additional sell-offs over the 10 days since the treasury hack. Ten days ago, the attacker purchased $4.4 million in BONK to meet the governance voting threshold, then used the tokens to propose and approve a measure to drain 4.426 trillion BONK ($21.2 million) from the treasury. Of the stolen funds, 40 billion BONK ($190,000) was deposited to OKX on the day of the attack. The attacker still holds 3.2 trillion BONK ($10.98 million).

Global asset manager T. Rowe Price launched its T. Rowe Price Active Crypto ETF (TKNZ) on July 16, according to Nate Geraci, CEO of asset management firm Novadius Wealth Management, in a post on X. Geraci noted that T. Rowe Price has approximately $2 trillion in assets under management and that the crypto bear market has not deterred traditional finance firms from entering the space. He added that it might even present a better opportunity for them.

Airbnb CEO Brian Chesky has stated that his X account was hacked earlier this week. He clarified that a post regarding real-world asset (RWA) tokenization was not made by him, adding that the hack had at least increased his follower count. On July 14, Chesky's X account had featured a post suggesting that RWA tokenization could change the world by increasing the liquidity of ownership.

According to crypto options exchange Deribit, $1.24 billion in Bitcoin options are set to expire at 8:00 a.m. UTC today, July 17. The put/call ratio is 0.93, and the max pain price—the point at which the largest number of options buyers would lose their premiums—is $63,000. Additionally, $250 million in Ethereum options will expire at the same time. For these, the put/call ratio is 1.71, with a max pain price of $1,825.

The spot CVD chart provides an order book analysis for the BTC/USDT spot pair. The upper section displays a Volume Heatmap, and the lower section shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background brightens in areas where the price lingers or moves significantly, with these brighter zones potentially acting as support or resistance. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. For example, the yellow line indicates orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

The Fear & Greed Index from crypto data provider CoinMarketCap is at 33, down two points from yesterday, continuing the "Fear" phase. The index ranges from 0, indicating extreme fear, to 100, representing extreme optimism. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

A revised version of the CLARITY Act is unlikely to secure the necessary support from Democratic lawmakers, Politico reported on July 16. The U.S. Senate was expected to release the updated bill following a meeting with President Donald Trump. According to the political news outlet, the bipartisan consensus required for the bill's passage has not been achieved. Democrats have reportedly indicated they will not vote for the legislation, citing that its ethics provisions—which address President Trump's interests in the cryptocurrency industry—do not meet their demands. Republicans plan to push for a vote before the August recess, but the bill requires at least 60 votes from both parties to pass the full Senate.

A U.S. lawsuit concerning the ownership of long-dormant BTC wallets, including those believed to belong to founder Satoshi Nakamoto, is scheduled for a hearing on Sept. 8, according to Alex Thorn, head of research at Galaxy Digital. The plaintiff, Noah Doe, is claiming ownership of the assets, arguing that the BTC constitutes "abandoned property." The Bitcoin Policy Institute has asked the court to dismiss the case. The institute warned that if the plaintiff's argument is legally recognized, it could set a precedent for revoking the ownership of self-custody users, potentially shaking the entire ecosystem.

Stripe and private equity firm Advent have reportedly offered to acquire PayPal for $53 billion, a move the industry sees as a critical bid to dominate the future of digital payments. CoinDesk reported that the strategic rationale for the proposed acquisition is particularly compelling from a stablecoin and blockchain perspective. The true value for Stripe in acquiring PayPal would lie in its consumer wallet, stablecoin issuance capabilities, and the infrastructure to support next-generation digital payments. While opinions are divided on whether Stripe would gradually replace PayPal's PYUSD stablecoin with OpenUSD, there is a general consensus that owning the underlying infrastructure is the key strategic goal. However, the report also noted that if the deal proceeds, it would likely face significant antitrust scrutiny and raise new issues under the developing U.S. stablecoin regulatory framework.

JPMorgan said in a report that Strategy's (MSTR) growing cash reserves and rising institutional demand for Bitcoin futures are encouraging signs for Bitcoin. According to The Block, JPMorgan analyst Nikolaos Panigirtzoglou explained that while it is difficult to judge the impact on investor sentiment from Strategy's plan to fund dividends by selling Bitcoin, the positive trend in Bitcoin futures this week is a promising development. He noted that this strength persisted despite outflows from spot Bitcoin ETFs. "This positive momentum was clearly visible in both CME's Bitcoin futures and perpetual futures, driven by institutional rather than retail investors," Panigirtzoglou added.

The three major U.S. stock indices closed lower today. - S&P 500: -0.51% - Nasdaq: -1.47% - Dow Jones: -0.20%

Cryptocurrency payment processor BitPay has obtained a Crypto Asset Service Provider (CASP) license from the Dutch Authority for the Financial Markets (AFM). This allows the company to operate its business within EU member states under Europe's Markets in Crypto-Assets (MiCA) regulation.

Anton Bukov, co-founder of the DeFi platform 1inch Network (1INCH), announced via X that he has stepped down from the company's operations as of the end of November 2025, citing disagreements over strategic direction and leadership. He clarified that he is no longer involved in any product architecture or security-related tasks. However, Bukov added that he maintains his position as a co-founder and a shareholder with a 50% stake. Alongside the announcement, Bukov unveiled a new independent DeFi infrastructure project called Second Tier. Bukov co-founded 1inch in May 2019 and subsequently led the architectural design of its core features, including the 1inch Router, Fusion, and cross-chain swap functionality.

Citadel Securities has announced a $400 million investment in Crypto.com. According to CoinDesk, the deal marks Crypto.com's first institutional investment since its founding in 2016 and values the company at $20 billion. Crypto.com stated that the funding will be used to accelerate its expansion into security tokens, derivatives, and other asset classes. The company added that it is developing new products in areas such as prediction markets and tokenized real-world assets (RWA).

CRO has fallen by 4.23% in the past five minutes on the COINNESS market. Currently, CRO is trading at $0.06.

Nadine Chakar, Head of Digital Assets at the U.S. Depository Trust & Clearing Corporation (DTCC), stated that the corporation processes four quadrillion dollars in settlements annually. In an interview, Chakar said that because no single blockchain can handle such a large volume, the DTCC is collaborating with several blockchains, including Canton and Stellar.

BlackRock has withdrawn 1,246 BTC (approximately $80.6 million) and 3,542 ETH (approximately $66.9 million) from Coinbase Prime, according to Onchain Lens. Withdrawals from exchanges are typically interpreted as a move to hold assets.

A prompter operator for the U.S. President is under investigation by federal regulators for allegedly placing bets on the prediction market Kalshi based on the content of President Donald Trump's speeches, according to a CNBC report. The individual reportedly earned over $90,000 from the trades. However, Kalshi stated that it detected suspicious activity in contracts related to words or phrases that would be mentioned in Trump's upcoming speeches and has frozen most of the funds. The case has since been referred to the Commodity Futures Trading Commission (CFTC).

Global payments company MoneyGram has joined the Stellar network as a validator. The move builds on a partnership MoneyGram formed with Stellar in 2021.

E*Trade, Morgan Stanley's online brokerage, has launched a spot cryptocurrency trading service. According to Cointelegraph, eligible individual traders can buy, sell, and hold BTC, ETH, and SOL through crypto infrastructure provider Zero Hash. The ability to transfer crypto assets will be made available later this year. Trades are subject to a 50 bp fee, and both custody and trading services are handled via a separate Zero Hash account that is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).

Digital asset services firm Keyrock has announced its acquisition of the trading and brokerage assets from the institutional crypto division of bankrupt U.S. trading firm BlockFills. According to CoinDesk, the deal includes BlockFills' client list, trading technology, derivatives expertise, and regulatory licenses. Keyrock stated that the transaction will enable it to expand its institutional crypto business. CoinDesk previously reported that Keyrock had agreed to acquire BlockFills for $3.25 million.

David Hoffman, co-founder and host of the crypto podcast platform Bankless, stated on X that Bitcoin's current trend could lead to either a sideways movement or a final capitulation. However, he believes it is more likely that Bitcoin has already bottomed out and is now entering a consolidation phase, adding that the bottom is nearly in.

Injective has submitted an application to the U.S. Securities and Exchange Commission (SEC) to become a Transfer Agent as part of its initiative for regulated real-world assets (RWA). The move aims to bring core market functions on-chain, allowing the token itself to serve as the record of ownership. This would reduce intermediate verification steps and enable security tokens to be registered and transferred in seconds.

Visa has launched a new platform to provide stablecoin services to more than 200 million merchants, Unfolded reported. The platform allows banks and fintech companies to integrate stablecoins such as OUSD, USDC, and USDG into Visa's existing payment and treasury systems. It targets 15,000 institutions and is already processing billions of dollars in stablecoin transactions.

Kraken has launched European-style, cash-settled options for Bitcoin (BTC) and Ethereum (ETH) on its Kraken Pro platform, targeting professional and institutional investors. The option contracts feature a linear structure, are settled in U.S. dollars, and offer weekly, monthly, quarterly, and semi-annual expiries. Initial trading will be conducted via a request-for-quote (RFQ) system. Portfolio margin is applied by default, with spot, futures, and options managed within a single wallet. Users can also use over 30 currencies as collateral. The service is scheduled to be offered to European clients in the second half of 2026, pending regulatory confirmation.