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SEC Chairman Paul Atkins asserts that ETH should not be classified as a security.
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BingX Crypto & Financial News
Several members of Congress plan to submit materials concerning Jerome Powell to the Department of Justice, seeking to trigger criminal proceedings over allegations related to the $2.5 billion reconstruction of the Federal Reserveβs headquarters.
Congresswoman Anna Paulina Luna has filed criminal charges against Powell, alleging perjury concerning statements made under oath regarding repair work at the Federal Reserve.
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Glassnode reports that the RSI in the spot market has pulled back from overbought levels, signaling a potential slowdown in buying momentum. Meanwhile, the Cumulative Volume Delta has dropped sharply into negative territory, indicating increased selling pressure. Despite these developments, trading volume remains high, suggesting sustained market activity and demand. The narrowing of volatility spreads indicates the market still harbors some bullish speculation, although traders are becoming more cautious through hedging strategies. Overall, sentiment appears to be softening, with signs of a possible consolidation phase as investors adjust positions amid waning risk appetite.
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BingX Crypto & Financial News
BTOG, the issuer of BIT Origin (#bTOG) listed on NASDAQ, has secured agreements with multiple qualified investors to establish DOGE treasury reserves totaling up to $500 million. The company's shares are trading up 20%.
Bit Origin (BTOG) has announced the acquisition of approximately 40.5 million DOGE tokens.
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The SEC has delayed its decision on BitWise's application to permit direct purchase of ETH and BTC for its Ethereum and Bitcoin Trust.
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Zora surged 150% since yesterday following significant token purchases initiated at 08:35 Moscow time. The buying activity continued into today. At 09:22 yesterday, Zora ranked among the top assets for purchase volume across centralized exchanges, and by 10:06, it started climbing in open interest rankings, maintaining its position into the current day. Further details are available in the accompanying chart.
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Today's Summary and Tomorrow's Events - https://t.me/bingx1/2147483647
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BingX Crypto & Financial News
Bloomberg Style: Bitcoin Strategy has acquired 6.220 BTC last week.
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The Bitcoin Strategy fund is seeking to raise an additional $500 million via a new series of preferred shares to fund Bitcoin acquisitions. coindesk
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BingX Crypto & Financial News
Last week (July 14-18), spot Bitcoin ETFs recorded approximately $2.39 billion in net inflows, while spot Ethereum ETFs attracted roughly $2.18 billion.
The total net outflow from spot Bitcoin ETFs was approximately $131.4 million yesterday, while spot Ethereum ETFs saw a net inflow of $296.5 million.
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BingX Crypto & Financial News
Volcon has secured $500 million in funding to acquire Bitcoin, while Gamesquare aims to raise $700 million for an Ethereum investment. VLCN shares have surged 300%, whereas Game's stock has fallen 30%.
Gamesquare Holdings has raised its cryptocurrency order from $100 million to $250 million, unveiling a new NFT strategy focused on Ethereum. investors.gamesquare
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Grupo Murano, a Mexican real estate firm, plans to designate Bitcoin as its primary strategic asset. The company is beginning with an investment of $1 billion and aims to build a Bitcoin treasury valued at $10 billion over the next five years. bitcoinmagazine
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Federal Housing Construction Department Director forecasts imminent resignation of Federal Reserve Chair Jerome Powell. x
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Santiment reports that over the past week, Bitcoin and Ethereum whale activities have diverged significantly. Wallets holding more than 1,000 BTC declined by 39, representing a 1.8% decrease, coinciding with a 3% dip in Bitcoin's price. Conversely, Ethereum wallets with holdings exceeding 10,000 ETH increased by 45, or 45%, alongside a 25% rise in ETH's price.
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JPMorgan plans to introduce loans backed by cryptocurrency. coindesk
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BingX Crypto & Financial News
U.S. prosecutors expect to resolve the Roman Storm case by July 25. <a href="https://cointelegraph.com/news/roman-storm-trial-prosecution-july">cointelegraph</a> <π <a href="https://t.me/defi_crypto_iobot/chart?startapp=token_TORN">Chart</a>
A judge overseeing the criminal case against Roman Storm, co-founder and developer of Tornado Cash, has approved the inclusion of testimony suggesting Storm had the capacity to modify the platform to prevent its misuse by illicit actors. cointelegraph π Chart
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Western Union is examining the possibility of integrating stablecoins into digital wallets as the industry maintains an optimistic outlook.
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Whale Transactions:
1. 0x8eea acquired 25,213 ETH ($94.67 million) via FalconX, bringing total to 72,333 ETH ($267 million) over three days.
2. 0xd479 purchased 5,309 ETH ($19.96 million) through Binance, with a three-day total of 19,391 ETH ($72.38 million).
3. 0x8c08 sold 8,005 ETH ($30.03 million) at $3,751 per ETH, retaining 1,577 ETH ($5.96 million). This address previously acquired 9,582 ETH ($26.11 million) at $2,725 two weeks prior, realizing a $9.87 million profit, a 38% return over two weeks.
4. SpaceX transferred 1,308 BTC ($153 million) to a new wallet after three years of inactivity.
1. 0x8eea acquired 25,213 ETH ($94.67 million) via FalconX, bringing total to 72,333 ETH ($267 million) over three days.
2. 0xd479 purchased 5,309 ETH ($19.96 million) through Binance, with a three-day total of 19,391 ETH ($72.38 million).
3. 0x8c08 sold 8,005 ETH ($30.03 million) at $3,751 per ETH, retaining 1,577 ETH ($5.96 million). This address previously acquired 9,582 ETH ($26.11 million) at $2,725 two weeks prior, realizing a $9.87 million profit, a 38% return over two weeks.
4. SpaceX transferred 1,308 BTC ($153 million) to a new wallet after three years of inactivity.
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