Whale and Institutional Transactions:

Trend Research and Garrett Jin continue to sell ETH to settle loans and prevent liquidation. Over the past three days, they deposited a total of 316,185 ETH worth approximately $738 million on Binance.

A whale previously accumulating Bitcoin has halted purchases and sold all 5,076 BTC, valued at around $384 million, incurring losses of roughly $118 million.

Three dormant wallets, likely managed by the same entity, purchased 5,970 ETH at an average price of $2,195, totaling approximately $13.1 million.

Ark Invest is raising its holdings in Bitmine and Circle. theblock.com

Yesterday, spot Bitcoin ETFs recorded net outflows of approximately $272 million, while spot Ethereum ETFs experienced net inflows of around $14 million.

Crypto.com launches dedicated prediction app for "OG" market, following significant growth. cointelegraph

Tom Lee of Fundstrat stated that Bitmine's unrealized losses on ETH are "not a flaw, but a characteristic." He also emphasized that Ethereum signifies the future of finance.

The Binance SAFU Fund has increased its holdings by 1,315 BTC, valued at approximately $100.42 million.

Cryptocurrency market capitalization declines $130 billion in 24 hours.

He Yi, co-founder of Binance, stated that some community members have initiated a “withdrawal campaign.” Despite this, total assets on Binance increased following the campaign’s launch. She noted that frequent withdrawals across trading platforms can act as a practical stress test.

Binance has denied reports of legal threats related to insolvency allegations. theblock.com

Cz Binance underscores the fundamental market principle that every seller is matched by a buyer.

cz: Keep in mind that for every seller, there is also a buyer.

US Treasury Secretary Scott Bessent told Congress that the United States will not mandate private banks to buy Bitcoin during market downturns or to bail out the cryptocurrency.

U.S. Treasury Secretary Scott Bessent told Congress that private banks will not be mandated to buy Bitcoin during market downturns or to "rescue Bitcoin." cointelegraph

Bloomberg: The debate over stablecoins continues to stall the passage of a bill designed to regulate the cryptocurrency market. In efforts to move forward, crypto firms have proposed compromises to banking institutions, including depositing some stablecoin reserves in local banks and enabling banks to issue their own stablecoins via partnerships. Despite these efforts, no consensus has been reached.

The CFTC has withdrawn its proposal from the Biden administration to ban sports and political prediction markets. cointelegraph

All Bitcoin analysts are currently expressing a bearish outlook.

CEO CQ: Currently, all Bitcoin analysts are expressing a bearish outlook.

SBI Holdings Launches L1 Concept for Tokenized Shares in Collaboration with Startale Group

TRX Tron reaches milestone with 100 million active addresses monthly.

Yesterday, spot Bitcoin ETFs experienced a net outflow of approximately $544.9 million, while spot Ethereum ETFs saw a net outflow of around $79.4 million.

Garrett Jean (BTC OG/1011short) has initiated ETH repurchases. He recently withdrew 80,000 ETH, valued at approximately $167.8 million, from Binance.

Garrett Jean (BTC OG/1011short) has started repurchasing ETH. He recently withdrew 80,000 ETH, valued at $167.8 million, from Binance.