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BitMart’s exchange token BMX plunged at around 11:35 a.m. UTC yesterday, falling more than 60% in one hour to around $0.11, before trimming some of its losses, BlockBeats reported. BMX was recently trading at $0.2044, down about 32.81%, according to CoinMarketCap. BitMart, a cryptocurrency exchange with Chinese roots, has recently faced user complaints over delayed and suspended withdrawals, amid concerns about insufficient reserves.

Whale Alert reported that 4,996 BTC has been transferred from OKX to an unknown wallet. The transaction is valued at about $320 million.

Whale Alert reported that 4,690 BTC has been transferred from an unknown wallet to OKX. The transaction is valued at about $301 million.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $82.26 million liquidated (81.48% longs) - ETH: $56.65 million liquidated (59.49% longs) - SNDK: $11.77 million liquidated (90.96% longs)

According to on-chain analyst ai_9684 xtpa, an address beginning with 0x854, known as a "40x leverage short-term trader," opened a 603.71 BTC long position worth about $38.67 million with 40x leverage. The entry price was $64,469, and the position is currently showing an unrealized loss of about $259,000. The address also placed limit buy orders worth a combined $31.44 million in the $63,500-$63,674 range. If all orders are filled, the total position size would expand to about $70.11 million. The analysis found the trader has mainly used a short-term strategy of closing positions within a few hours, and the current position is the trader's sixth-largest this year. If the limit orders are all executed, it would become the trader's largest position this year.

One-stop trading platform Dango announced through its official channels that it will shut down after determining it is no longer feasible to continue the business. The team said user funds remain safely held and that withdrawal restrictions will be lifted in the near term. Dango will halt trading at 12:00 p.m. UTC on July 29, and all remaining positions will be liquidated in a batch at oracle prices. DLP deposits will be unlocked, and all funds will be returned to spot accounts in USDC. The platform said operations of the Dango L1 blockchain will also end at 12:00 p.m. UTC on Aug. 13. Deposits not withdrawn by that time will be refunded to the Ethereum addresses originally used for the deposits.

Blockchain security firm PeckShield said, citing on-chain analyst Specter, it estimates about $9.7 million worth of cryptocurrency was stolen from wallets belonging to payment infrastructure company Triple-A. The affected assets were said to have been drained across multiple chains, including TRON, Ethereum, Polygon and Arbitrum. The stolen funds were later bridged to Ethereum, where 5,227 ETH is now held at an address beginning with 0x01F8, according to PeckShield.

According to on-chain analytics platform Arkham, a Trump (TRUMP) team token address unlocked about 10,837,000 TRUMP worth roughly $16.91 million around 45 minutes ago and then transferred the tokens to an external address. EmberCN said the tokens could next be moved to custody firm BitGo and then transferred on to centralized exchanges such as OKX, based on the previous two unlock cases.

CoinMarketCap’s Altcoin Season Index rose four points from yesterday to 54. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. An altcoin season is identified when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates stronger altcoin-season conditions.

Robinhood, the U.S. stock and cryptocurrency trading app listed on Nasdaq under ticker HOOD, is discussing a prediction market business partnership with Crypto.com, whose token is CRO, The Wall Street Journal reported. If an agreement is reached, prediction markets provided by Crypto.com would be added to the Robinhood platform, allowing users to participate in Crypto.com prediction markets through Robinhood. One media outlet said Robinhood already offers prediction market services through partnerships with Kalshi, Interactive Brokers' ForecastEx and Rothera, while an expansion of its in-house prediction market business is expected to intensify competition with existing partner Kalshi.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the Volume Heatmap, while the lower panel shows cumulative volume delta, or CVD. - The Volume Heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter areas may act as support or resistance. - The cumulative volume delta, or CVD, indicates buy and sell orders by order size. As buy orders increase, the line for the corresponding color rises. The yellow line represents $100 to $1,000 orders, while the brown line represents large orders ranging from $1 million to $10 million.

CoinMarketCap’s in-house crypto Fear and Greed Index came in at 35, down two points from yesterday, and remained in the fear zone. The index indicates extreme fear as it approaches zero and extreme optimism as it moves closer to 100. CoinMarketCap calculates the index based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data including the put-to-call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Bitcoin’s one-year realized volatility, a measure of actual price swings over the past year, stood at about 42% at the end of the second quarter, nearing its lowest level in years, according to Unfolded on X. The data showed realized price volatility remained low even as Bitcoin trended lower during the second quarter.

According to CME FedWatch, the Federal Reserve has a 62.1% probability of leaving its benchmark interest rate unchanged at the July Federal Open Market Committee meeting, while the probability of a 25-basis-point hike stands at 37.9%.

SMALLCAP World Fund, a Capital Group fund with $3.3 trillion in assets under management, bought an additional 481,772 shares of Bitcoin treasury company Strive (ASST), according to a post on X from bitcointreasuries.net. The additional purchase was worth about $5.52 million. The fund now holds a total of 2.93 million Strive shares valued at about $33.62 million.

Bitcoin Policy Institute has been selected as a partner in the U.S. State Department's Freedom Tech Excellence Program, The Block reported. The program aims to protect freedom of expression online and address issues including online surveillance and encryption through cooperation between the State Department and private-sector participants. Bitcoin Policy Institute was selected alongside partners including Palantir and Anduril.

Robinhood Chain's total stablecoin supply has surpassed $400 million, up 340% from early July, Unfolded reported.

US stocks close mixed The three major U.S. stock indices closed mixed today. - S&P 500: +0.05% - Nasdaq: -0.64% - Dow Jones: +0.45%

Coinbase announced Chief People Officer Lawrence Brock will step down on Aug. 17, according to BeInCrypto. Brock is expected to remain in an advisory role at Coinbase through Nov. 30. The reason for the departure was not disclosed. In May, Coinbase announced plans to cut 14% of its workforce, and Brock was known to have led that restructuring as well as the 2022 hiring freeze and the withdrawal of job offers.

On-chain analytics firm Santiment said the ratio of negative to positive comments on Ethereum across major communities including X, Reddit and Telegram hit extremely bearish levels three times over the past month. Santiment said this could appear negative on the surface, but in Ethereum’s case, such sharp deterioration in investor sentiment has coincided with price weakness and has instead pointed to buy-the-dip opportunities. Following the previous two sentiment slumps, ETH rebounded by about 14% and 7%, respectively, according to Santiment. Santiment added this does not mean negative sentiment automatically leads to an immediate price rebound. Still, if fundamentals such as ETF inflows, activity in the Layer 2 ecosystem and protocol upgrades remain intact even as market participants exit, conditions could form for a price recovery, the firm said.

Cardano founder Charles Hoskinson said Cardano’s strength over Bitcoin lies in its ability to keep evolving the network. In an interview with The Block, Hoskinson added that if a quantum-computing catastrophe occurs, Satoshi Nakamoto’s long-dormant Bitcoin holdings could be exposed and undermine Bitcoin’s core value. If Bitcoin governance cannot respond, he said, it may be difficult for Bitcoin to remain the world’s top cryptocurrency.

The Crypto Council for Innovation, The Digital Chamber and the Blockchain Association urged the U.S. Senate to prioritize floor consideration of the CLARITY Act, according to Cointelegraph. In a letter to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer, the groups said they recognized that constructive bipartisan negotiations on the bill were continuing and hoped those discussions would continue.

With the Fraternal Order of Police, the largest U.S. police union, expressing support for the latest CLARITY bill, Coinbase CEO Brian Armstrong said law enforcement had acknowledged the legislation would strengthen its enforcement tools.

The U.S. Office of the Comptroller of the Currency denied payments company WISE’s application to establish a national trust bank, and the company said it plans to submit a new application under the GENIUS Act’s stablecoin framework. The OCC rejected WISE’s application over shortcomings in its anti-money laundering standards.

KULR Technology, a New York Stock Exchange-listed company known as a Bitcoin accumulation firm (DAT), said it sold 333 BTC to fully repay a $20 million credit facility from Coinbase. The company now holds a total of 760 BTC.