About a month before the mainnet launch, the Midnight Foundation announced partnerships with MoneyGram, eToro, and Vodafone as key validators.
The news attracted attention, as MoneyGram is one of the leading global payment operators, while Midnight Network promises users enhanced privacy.
Telecom operator Vodafone is also expanding its financial services division, and eToro stated that confidential smart contracts align with the platform’s long-term strategy.
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📈 Could Bitcoin reach $500,000?
A popular chart circulating on X suggests that Bitcoin is currently testing a multi-year trendline that has historically marked major market bottoms on the monthly timeframe. 📊
🔎 According to this analysis, BTC approaching this long-term support could indicate that the market is close to forming a macro bottom — potentially setting the stage for a massive long-term move, with some projections pointing as high as $500K.
However, the key nuance is the timeframe. On the monthly chart, Bitcoin could still close March around $60K and the long-term trend would remain intact.
In other words, short-term volatility doesn’t necessarily break the broader structure. The bigger picture suggests that as long as BTC holds this multi-year trendline, the long-term bullish scenario remains possible.
A popular chart circulating on X suggests that Bitcoin is currently testing a multi-year trendline that has historically marked major market bottoms on the monthly timeframe. 📊
🔎 According to this analysis, BTC approaching this long-term support could indicate that the market is close to forming a macro bottom — potentially setting the stage for a massive long-term move, with some projections pointing as high as $500K.
However, the key nuance is the timeframe. On the monthly chart, Bitcoin could still close March around $60K and the long-term trend would remain intact.
In other words, short-term volatility doesn’t necessarily break the broader structure. The bigger picture suggests that as long as BTC holds this multi-year trendline, the long-term bullish scenario remains possible.
Crypto VC funding hits a 6-year low
Venture capital investment in crypto projects dropped to $2.2B in Q1 2026, marking the lowest level in six years.
Most of the funding went to crypto financial services (24%) and DeFi projects (27%), showing investors are still focusing on core infrastructure and financial use cases.
However, seed-stage funding fell sharply to just $166M, roughly the same level seen back in 2020.
The data suggests venture investors are becoming far more cautious, with fewer early-stage bets and a stronger focus on more established sectors of the crypto ecosystem.
Venture capital investment in crypto projects dropped to $2.2B in Q1 2026, marking the lowest level in six years.
Most of the funding went to crypto financial services (24%) and DeFi projects (27%), showing investors are still focusing on core infrastructure and financial use cases.
However, seed-stage funding fell sharply to just $166M, roughly the same level seen back in 2020.
The data suggests venture investors are becoming far more cautious, with fewer early-stage bets and a stronger focus on more established sectors of the crypto ecosystem.
Global markets turned volatile:
• Oil spikes to ~$116
• Gold, silver and Bitcoin sell off
What’s driving it?
▪️ Rising geopolitical tensions — Iran claims an attack on a major gas field and threatens strikes on oil infrastructure
▪️ US inflation surprise — PPI jumped to 3.4% (vs 2.9% expected)
▪️ Federal Reserve holds rates steady
Higher inflation + geopolitical risk = uncertainty across all assets.
For now, energy is pumping while risk assets take a hit — classic “risk-off” behavior in the market.
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💰 Justin Sun’s crypto fortune revealed
🔎 Arkham estimates the net worth of Justin Sun at $1.4B+, officially placing him in the crypto billionaire club.
📊 Breakdown of holdings:
▪️ ~$527M in TRON
▪️ ~$299M in stETH
▪️ ~$265M in Bitcoin
💡 The data highlights Sun’s heavy exposure to his own ecosystem (TRX), alongside major positions in ETH-related assets and BTC.
🔎 Arkham estimates the net worth of Justin Sun at $1.4B+, officially placing him in the crypto billionaire club.
📊 Breakdown of holdings:
▪️ ~$527M in TRON
▪️ ~$299M in stETH
▪️ ~$265M in Bitcoin
💡 The data highlights Sun’s heavy exposure to his own ecosystem (TRX), alongside major positions in ETH-related assets and BTC.
Bitcoin had been declining for five consecutive months, but the situation changed in March — it gained 1.8% over the month.
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Lazarus: $3B+ Crypto Hack Timeline
North Korean-linked group Lazarus Group continues to dominate crypto exploits — total damage now exceeds $3B.
Key attacks:
🔸 2017 — Bithumb ($7M, phishing)
🔸 2018 — Coincheck ($625M, malware)
🔸 2020 — KuCoin ($280M, stolen credentials)
🔸 2022 — Ronin Network ($625M, fake job offer)
🔸 2022 — Horizon Bridge ($100M, private key exploit)
🔸 2023 — Atomic Wallet / Alphapo / CoinsPaid / Stake / CoinEx ($292M total)
🔸 2024 — WazirX ($235M, multisig breach)
🔸 2025 — Bybit ($1.5B, multisig)
🔸 2026 — Drift Protocol ($285M, fake collateral)
From phishing to multisig exploits — tactics evolve, but the result is the same.
Crypto security isn’t improving as fast as attackers are.
North Korean-linked group Lazarus Group continues to dominate crypto exploits — total damage now exceeds $3B.
Key attacks:
🔸 2017 — Bithumb ($7M, phishing)
🔸 2018 — Coincheck ($625M, malware)
🔸 2020 — KuCoin ($280M, stolen credentials)
🔸 2022 — Ronin Network ($625M, fake job offer)
🔸 2022 — Horizon Bridge ($100M, private key exploit)
🔸 2023 — Atomic Wallet / Alphapo / CoinsPaid / Stake / CoinEx ($292M total)
🔸 2024 — WazirX ($235M, multisig breach)
🔸 2025 — Bybit ($1.5B, multisig)
🔸 2026 — Drift Protocol ($285M, fake collateral)
From phishing to multisig exploits — tactics evolve, but the result is the same.
Crypto security isn’t improving as fast as attackers are.
Analysts at CryptoQuant expect a potential return of the bullish trend in the near term
Current market conditions are gradually shifting toward growth, even though overall investor sentiment remains cautious.
One key signal is the recovery in altcoin trading volume, suggesting renewed market interest. At the same time, the Bull Score Index is starting to turn upward — if this trend continues, it could confirm strengthening momentum in Bitcoin and support a broader market recovery.
Overall, data points to early signs of a trend reversal, but confirmation will depend on sustained growth in key metrics.
Current market conditions are gradually shifting toward growth, even though overall investor sentiment remains cautious.
One key signal is the recovery in altcoin trading volume, suggesting renewed market interest. At the same time, the Bull Score Index is starting to turn upward — if this trend continues, it could confirm strengthening momentum in Bitcoin and support a broader market recovery.
Overall, data points to early signs of a trend reversal, but confirmation will depend on sustained growth in key metrics.
🇰🇷 Korean won surges in crypto trading
The South Korean won now accounts for ~30% of global crypto spot trading volume — making it the second-largest fiat currency in the market after the US dollar.
This highlights the growing influence of South Korean retail and institutional traders, who continue to drive liquidity and momentum across major exchanges.
📊 With KRW volumes this high, local market sentiment in Korea is becoming a key factor for global crypto price action.
The South Korean won now accounts for ~30% of global crypto spot trading volume — making it the second-largest fiat currency in the market after the US dollar.
This highlights the growing influence of South Korean retail and institutional traders, who continue to drive liquidity and momentum across major exchanges.
📊 With KRW volumes this high, local market sentiment in Korea is becoming a key factor for global crypto price action.
LEGENDARY TRADER WHO NAILED THE 10/10 CRASH JUST DUMPED HIS ETH
The $10B HyperUnit whale who shorted the Oct 10 market crash has deposited $526M in $ETH to Binance, per Arkham.
This is the same whale who made headlines for rotating $5B of BTC into ETH.
Now, his ETH stack is down to just $1.8M, while he still holds $754M in $BTC on-chain.
Will he sell ALL his ETH?
The $10B HyperUnit whale who shorted the Oct 10 market crash has deposited $526M in $ETH to Binance, per Arkham.
This is the same whale who made headlines for rotating $5B of BTC into ETH.
Now, his ETH stack is down to just $1.8M, while he still holds $754M in $BTC on-chain.
Will he sell ALL his ETH?
Coinbase will lay off about 14% of its employees amid a weak market and a business restructuring around artificial intelligence.
CEO Brian Armstrong said AI already allows small teams to complete in a few days tasks that used to take weeks.
That is why the company will simplify its management structure and test AI-native teams.
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Bolivia is turning unused gas power into Bitcoin mining
🛠 The country launched a BTC mining operation powered by an idle 127 MW gas plant. Right now the farm uses around 27 MW and generates roughly 1.23 EH/s.
For Bolivia, this is more than just crypto hype.
The country has been facing a currency crisis, and after lifting restrictions on cryptocurrencies, virtual asset activity reportedly surged.
Now the government is moving on multiple fronts:
▸ monetizing excess energy through Bitcoin mining
▸ preparing a state-backed digital currency called the “virtual boliviano”
▸ increasingly using stablecoins as a substitute for scarce US dollars
The central bank says the digital currency project will officially launch on August 6 during Bolivia’s 200th Independence Day anniversary.
Interesting shift: A few years ago Bolivia restricted crypto purchases through banks.
Now the country is mining Bitcoin, experimenting with digital currency infrastructure, and using stablecoins to survive dollar shortages
🛠 The country launched a BTC mining operation powered by an idle 127 MW gas plant. Right now the farm uses around 27 MW and generates roughly 1.23 EH/s.
For Bolivia, this is more than just crypto hype.
The country has been facing a currency crisis, and after lifting restrictions on cryptocurrencies, virtual asset activity reportedly surged.
Now the government is moving on multiple fronts:
▸ monetizing excess energy through Bitcoin mining
▸ preparing a state-backed digital currency called the “virtual boliviano”
▸ increasingly using stablecoins as a substitute for scarce US dollars
The central bank says the digital currency project will officially launch on August 6 during Bolivia’s 200th Independence Day anniversary.
Interesting shift: A few years ago Bolivia restricted crypto purchases through banks.
Now the country is mining Bitcoin, experimenting with digital currency infrastructure, and using stablecoins to survive dollar shortages
💳 Crypto cards are quietly becoming one of the most successful real-world use cases for crypto
Weekly transaction volumes have now surpassed $200 million and have been growing almost continuously since 2023.
Unlike many hyped narratives that come and go, crypto cards solve a simple problem: they allow users to spend digital assets in everyday life without leaving the crypto ecosystem.
The steady growth in transaction volume suggests that adoption is moving beyond speculation and into actual payments.
While DeFi TVL and NFT activity have cooled significantly, crypto cards continue to gain traction, showing that users still want practical tools that connect crypto with the real economy.
Sometimes the biggest signs of adoption aren't found in meme coins or flashy narratives — they're hidden in people simply paying for coffee, groceries, and subscriptions with crypto.
Weekly transaction volumes have now surpassed $200 million and have been growing almost continuously since 2023.
Unlike many hyped narratives that come and go, crypto cards solve a simple problem: they allow users to spend digital assets in everyday life without leaving the crypto ecosystem.
The steady growth in transaction volume suggests that adoption is moving beyond speculation and into actual payments.
While DeFi TVL and NFT activity have cooled significantly, crypto cards continue to gain traction, showing that users still want practical tools that connect crypto with the real economy.
Sometimes the biggest signs of adoption aren't found in meme coins or flashy narratives — they're hidden in people simply paying for coffee, groceries, and subscriptions with crypto.
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🐋 Whales Are Rotating From BTC to ETH?
While some long-term Bitcoin holders are taking profits, Ethereum continues to attract aggressive whale accumulation.
Over the past month, anonymous wallet 0x2e80 has purchased 74,033 ETH (≈$142M) from Gemini and staked the entire amount. Another wallet, 0xf23c, added roughly 18,000 ETH (≈$37M) over the last two days.
📈 Meanwhile, Arthur Hayes keeps stacking ETH, buying another 1,332 ETH (≈$2.5M), while Tom Lee's BitMine added 7,430 ETH (≈$14M).
BitMine now holds an astonishing 5,777,468 ETH worth around $10.9B—roughly 4.8% of Ethereum's total supply. 💰
While some long-term Bitcoin holders are taking profits, Ethereum continues to attract aggressive whale accumulation.
Over the past month, anonymous wallet 0x2e80 has purchased 74,033 ETH (≈$142M) from Gemini and staked the entire amount. Another wallet, 0xf23c, added roughly 18,000 ETH (≈$37M) over the last two days.
📈 Meanwhile, Arthur Hayes keeps stacking ETH, buying another 1,332 ETH (≈$2.5M), while Tom Lee's BitMine added 7,430 ETH (≈$14M).
BitMine now holds an astonishing 5,777,468 ETH worth around $10.9B—roughly 4.8% of Ethereum's total supply. 💰
A Hyperliquid trader deposited $15.29M $USDC before opening ~$73.82M in long positions.
Current major positions:
• $SP500: $62.02M long (20x)
• $MU: $6.88M long (10x)
• $SNDK: $4.92M long (10x)
Lifetime PnL: ~$1.6M
Address: 0xaEAAB54bbf65bfD6EfEd7d2Eb68372298E3c2416
Data: Onchain Lens Terminal via Hyperliquid API
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⛏️ Bitcoin Miners Continue Selling BTC Amid Business Slowdown
Major Bitcoin mining companies are continuing to sell part of their BTC reserves as profitability remains under pressure.
Recent on-chain data shows:
🔹 MARA transferred 200 BTC (around $13M) to an exchange.
🔹 Riot Platforms sold 381 BTC (approximately $25M).
The trend comes as mining revenues decline. In Q2, MARA's revenue fell 27%, while CleanSpark reported a 30.5% drop, reflecting the ongoing challenges facing the mining industry.
As margins tighten, some miners are liquidating Bitcoin holdings to support operations, highlighting the financial pressure across the sector despite long-term optimism for BTC. ⛏️
Major Bitcoin mining companies are continuing to sell part of their BTC reserves as profitability remains under pressure.
Recent on-chain data shows:
🔹 MARA transferred 200 BTC (around $13M) to an exchange.
🔹 Riot Platforms sold 381 BTC (approximately $25M).
The trend comes as mining revenues decline. In Q2, MARA's revenue fell 27%, while CleanSpark reported a 30.5% drop, reflecting the ongoing challenges facing the mining industry.
As margins tighten, some miners are liquidating Bitcoin holdings to support operations, highlighting the financial pressure across the sector despite long-term optimism for BTC. ⛏️