📊 #BTC CQ: Selling pressure fades as Binance netflow turns sharply negative. This suggests that investors prefer holding over selling, which typically aligns with accumulation phases in market cycles.
📈 #PYUSD just crossed $1B in supply on Solana, becoming the 3rd largest stablecoin by supply. x
🇺🇸🤝 #COIN Coinbase strikes a $375 million deal to acquire crypto trading platform Echo.
📉 #BTC open interest has dropped by ~30%, flushing excess leverage from the market. With funding now near neutral, the market is far less vulnerable to another liquidation cascade. glassnode
💰 Bybit-backed memcoin startup platform Printr has raised $4.5 million. theblock.co
💰 #USDT Tether invests in Kotani Pay to revolutionize Africa's digital asset infrastructure and cross-border payments.
💰 #ETH SharpLink purchased 19,271 ETH last week at an average price of $3,892.
🙋♂️ #STORJ Inveniam Capital Partners acquires Storj to develop decentralized data infrastructure.
🕵️♂️ #BTC Since early 2025, 432 Casascius Bitcoins were redeemed, totaling ~1,100 BTC ($119M). Over 38,000 BTC ($4B) remain in 17,746 active coins.
🇺🇸👀 FOX: Fed Governor Chris Waller announced that the central bank is proposing a new type of limited-access master account so that all eligible institutions can directly access the Fed's payment system so they don't have to rely on partner banks.
Essentially, this new master account will allow the Fed to give the green light to innovative banks, including fintechs, stablecoin issuers, and other payment companies.
This has big implications for companies like Custodia Bank
and Kraken, which spent years trying to get a Fed master account, and Custodia even sued the Fed. It could also accelerate access for companies like Ripple
and Anchorage, which have applied this year.
Essentially, this new master account will allow the Fed to give the green light to innovative banks, including fintechs, stablecoin issuers, and other payment companies.
This has big implications for companies like Custodia Bank
and Kraken, which spent years trying to get a Fed master account, and Custodia even sued the Fed. It could also accelerate access for companies like Ripple
and Anchorage, which have applied this year.
📱🙅♂ #SOL The Solana Saga development team announced the discontinuation of critical software and security updates for the phone.
🕵️♂️🐳 #SOL Someone has withdrawn 2.1 million SOL worth about $400 million from Coinbase in the last few hours.