Live Feed

Tokenized treasury platform M1X Global has raised $5.5 million in a seed funding round led by crypto investment firm Paradigm, The Block reported. The round, which also saw participation from Breed VC, brings M1X Global's total funding to $8.5 million. The company, which issues the stablecoin USDM1 in partnership with the Republic of the Marshall Islands, stated it plans to use the new capital to expand the use of USDM1 as collateral for institutional investors and for government subsidy payments.

Adam Back, a cryptographer and the CEO of Bitcoin infrastructure developer Blockstream, argued that the collapses of FTX and Mt. Gox stemmed from the structural problem of exchanges holding customer assets while also conducting trades. Speaking at the BTC Prague 2026 conference, Back emphasized the need to separate trading and custody, stating that the industry continues to repeat these same failures. He advised that it is best for long-term investors to hold their assets directly and avoid using leverage. Back shared a personal anecdote, recalling that he lost BTC during the Mt. Gox bankruptcy after redepositing funds on the exchange to chase a 10% arbitrage opportunity, learning that the high returns were a reflection of high risk. He recommended that retail investors use self-custody for their long-term holdings and avoid borrowing against their BTC for additional purchases, as this increases liquidation risk. Back added that he has weathered all three of BTC's bear markets and views the 200-week moving average, around $61,000, as a key support level.

CryptoQuant CEO Ki Young Ju stated on X that whale investors have been driving the Bitcoin (BTC) spot and futures markets over the past 24 hours. He previously analyzed that the environment is not yet suitable for large-scale institutional inflows, citing continued net outflows from U.S. spot BTC ETFs and the fact that BTC ended the first half of the year on a downtrend. According to CoinMarketCap, BTC is currently trading at $63,358, up 6.58%.

Major exchanges have seen $150 million worth of futures liquidated in the past hour. In the past 24 hours, $557 million worth of futures have been liquidated.

ETH has risen by 2.01% in the past five minutes on the COINNESS market. Currently, ETH is trading at $1,828.66.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,326.01 on the Binance USDT market.

The three major U.S. stock indices closed higher today. - S&P 500: +0.72% - Nasdaq: +1.12% - Dow Jones: +0.30%

Blockchain-based game developer Yield Guild Games (YGG) announced it is shutting down its crypto game publishing division, citing the crypto market downturn and strategic difficulties in the video game industry. According to Decrypt, this will result in the closure of YGG Play, its casual crypto game publishing arm, along with its website, launcher, and games like LOL Land and Wifusweeper, on Aug. 1. YGG stated it plans to pivot and focus its investment on supplying data for AI training, believing that behavioral data from video game players' decision-making processes could be valuable for AI developers. The company added that it held $20.6 million in assets as of the first quarter and expects this restructuring to secure four years of operating funds.

President Donald Trump's plan to create a strategic Bitcoin reserve is facing difficulties over which government department would have oversight and other legal hurdles, Bloomberg reported. According to the report, the Trump administration is considering an operational structure jointly managed by the Treasury, Commerce, and Justice departments. The initial proposal was for the Treasury to hold Bitcoin obtained through criminal and civil forfeitures and to purchase additional BTC in a "budget neutral" manner without increasing public debt. However, internal concerns have reportedly been raised about whether the Treasury has the legal authority to hold and manage Bitcoin long-term. As a result, the administration is said to be exploring various options, including placing the reserves under the Department of Commerce. Meanwhile, the White House stated today that work is underway to structure the strategic Bitcoin reserve and cryptocurrency holdings, adding that the administration's commitment to the plan has not changed.

U.S. President Donald Trump said cryptocurrency is very powerful during a press conference at the White House, according to Cointelegraph.

Bonk DAO has lost $20 million worth of tokens in a governance attack, according to a report from Unfolded. The drained funds have reportedly begun moving to exchanges. According to CoinMarketCap, BONK is currently trading at $0.054221, down 11.39%.

The United Nations Development Programme (UNDP) has announced an expansion of its partnership with Stellar (XLM) to make blockchain payments a standard for global relief aid, Solid Intel reported. To this end, the UNDP has conducted pilot programs in Haiti, Syria, Kenya, Guatemala, and the Gambia.

South Korean crypto exchanges Upbit and Bithumb have announced the temporary suspension of deposits and withdrawals for Bonk (BONK), citing suspected security issues.

Total open interest (OI) on the decentralized derivatives exchange Hyperliquid has surpassed $10.2 billion for the first time since October 2025, according to a report by The Block. The surge was primarily driven by activity in crypto perpetual futures. Additionally, the platform's trading volume in June reached approximately $267 billion, a 34% increase from the previous month.

According to CoinNess market monitoring, BTC has risen above $63,000. BTC is trading at $63,010.57 on the Binance USDT market.

Major Ethereum developers and researchers are backing the long-term 'Lean Ethereum' roadmap unveiled by co-founder Vitalik Buterin, CoinDesk reported. While developers agree with the roadmap's direction, which includes strengthening privacy and introducing quantum-resistant cryptography, they have criticized the proposed three to four-year development schedule as excessively long. Some have suggested that implementation should be targeted within about one year by leveraging AI and large language models (LLMs). Industry observers believe that execution speed, rather than core technology, will ultimately determine Ethereum's future competitiveness.

Cryptocurrency skeptic Peter Schiff has claimed that Strategy's (MSTR) sale of 3,588 BTC resulted in an estimated realized loss of approximately $15,000 per BTC, totaling $54 million, based on the company's average purchase price. According to U.Today, Schiff added that the losses could increase if the company continues to sell its holdings.

Coinbase has announced that it will list GROVE. Trading is scheduled to begin once liquidity conditions are met.

Jiang Zhuoer, founder of the major Chinese mining pool BTC.top, said that Strategy is highly likely to sell the entire 20,000 BTC approved by its shareholders. His comments follow Strategy's recent sale of 3,588 BTC, worth $222.5 million. Writing on X, Jiang added that this marks a departure from Strategy's previous policy of never selling and could signal an adjustment in the company's fundraising strategy.

American Bitcoin (ABTC), a cryptocurrency mining firm backed by the Trump family, has purchased 500 BTC, according to BitcoinTreasuries. The acquisition brings the company's total holdings to 8,000 BTC.

Carlos Domingo, CEO of real-world asset (RWA) tokenization platform Securitize, has revealed plans to pursue mergers and acquisitions (M&A) using the more than $400 million raised from the company's listing on the New York Stock Exchange (NYSE). In an interview with CoinDesk, Domingo explained that the company has no intention of acquiring competitors, as it already has sufficient technology. He said the goal is to expand into a one-stop platform by acquiring adjacent businesses that can complement its institutional tokenization services.

U.S. President Donald Trump reportedly said he is "a big fan" of cryptocurrency at a White House press conference.

U.S. cryptocurrency mining company Riot Platforms has deposited 500 BTC, worth approximately $30.9 million, into NYDIG custody, according to Onchain Lens. The move is presumed to be for selling.

U.S. President Donald Trump said that "anything is possible" regarding the potential inclusion of Bitcoin in the Trump Account, a newborn support program implemented by his administration, according to Solid Intel. The Trump Account is a federal program that provides $1,000 to newborns born between Jan. 1, 2025, and Jan. 1, 2029.

Tom Lee, chairman of Bitmine (BMNR), has attributed Ethereum's recent outperformance against Bitcoin to a shifting regulatory environment. According to The Block, Lee noted that the probability of the CLARITY Act passing in prediction markets has risen to around 50%, its highest level in two weeks. He added that such regulatory clarification would be a significant milestone benefiting cryptocurrencies, especially smart contract platforms like Ethereum.