💸 With the price sliding below $60K, long-term holders are now carrying 5.6M $BTC at a loss, the highest since the Covid crash in 2020.

The resolution of overhang supply is extending, not concluding.

Long-term holders are now carrying 5.3M $BTC at a loss, surpassing the post-FTX crash level and reaching the highest reading since the Covid crash. The scale of underwater LTH supply suggests the resolution process is still in progress.

💸 53% of all Bitcoin $BTC in circulation is now held at an unrealized loss.

🧑‍💻✅ #COIN Blockchain Base from Coinbase has resumed operation after a two-hour outage.

🇺🇸📉 #BTC The 'U.S. Dollar Index' just hit a 1-year high as Bitcoin falls to 1-year lows.

🇩🇪📊 Bitcoin has dropped to around $59,200, trading just above the German government’s average 2024 Bitcoin sale price. This follows the sale of nearly 50,000 $BTC by the government.

⚠️ Base has fully restored block production and identified the root cause of the network halt. A full post-mortem will be published.

🇰🇿📊 #SOL #ETF Solana ETF launched on the Kazakhstan Stock Exchange.

🇺🇸🗣 #BTC Senator Cynthia Lummis says she wants to be remembered as a spark for America's involvement with Bitcoin and digital assets.

"I hope that this spark lights a fire going forward.".

🇺🇸🗽 The US tells OpenAI to limit the GPT 5.6 release while the government reviews it, The Information reports.

CEO Sam Altman stated, "We've made clear to the US government that this is not our preferred long term model." #ai

📌 Top 5 News for 24 Hour:

1. Michael Saylor and Tom Lee face significant unrealized losses. →
👁 259 | ❤️ 1 | 🔁 6

2. BlackRock deposits $147.6M worth of BTC on Coinbase. →
👁 326 | ❤️ 2 | 🔁 5

3. Over 50% of BTC underwater, indicating bear market. →
👁 266 | ❤️ 2 | 🔁 5

4. Machi loses $35.4M in liquidations, opens new position. →
👁 309 | ❤️ 0 | 🔁 5

5. James Wyn closes $BTC short, opens $SP500 short. →
👁 285 | ❤️ 0 | 🔁 5

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🇺🇸🕵️ #BTC Hal Finney in 2011 explaining how Bitcoin is created and transferred.

🇺🇸📝 GOP Lawmakers Urgently Pursue Clarity Act Before August Recess - Eleanor Terrett

Pressure and time constraints could ultimately create the conditions needed to strike a deal.

💵 250,000,000 $USDC (249,932,372 USD) minted at USDC Treasury.

🕵️‍♂️ A newly created wallet withdrew 14,944 $ETH ($23.5M) from WhiteBit.

💵 250,000,000 $USDC (250,115,875 USD) minted at USDC Treasury.

💸 After 8 months, SharpLink is buying $ETH again!

6 hours ago, SharpLink received 5,000 $ETH ($7.85M) from FalconX.

SharpLink now holds 876,285 $ETH ($1.4B), including 22,102 $ETH earned from staking.

Its average purchase price is ~$3,609, and it is now sitting on an unrealized loss of $1.71B.

🕵️‍♂️ Despite the market downturn, whales are still accumulating $HYPE.

A newly created wallet, 0x66FE, withdrew 222,493 $HYPE ($14.41M) from Coinbase Prime 1 hour ago.

Meanwhile, whale 0x6437 received another 44,986 $HYPE ($2.87M) from FalconX 2 hours ago.

🇰🇷⚠️ South Korea's KOSPI stock market halted after an 8% crash, triggering a circuit breaker.

🇺🇸🗽 #WLD #AI The USA has instructed OpenAI to limit the release of GPT 5.6 while the government studies it. Regulation

🕵️ 500,000,000 $USDT (499,214,000 USD) transferred from Binance to Tether Treasury.

😱🤑 Fear & Greed Index for #BTC