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Coinbase CEO Brian Armstrong identified AI agents as a key source of demand for stablecoins. In a post on X, he said "스테이블코인 결제는 사람에게는 있으면 유용한 수단이지만, 에이전트에게는 필수 수단."

An anonymous whale address has staked 2.93 million HYPE on Hyperliquid, worth about $172 million, according to Lookonchain. The holdings were estimated to have been accumulated nine months ago at an average price of $44 per HYPE and are currently showing an unrealized gain of more than $44.5 million.

Capital flows into gold and Bitcoin have emerged as a key question as total outstanding U.S. federal public debt approaches $40 trillion, cryptocurrency options trading platform BIT said in an analysis. In a post on X, BIT said expanded fiscal spending in the United States is unlikely to face immediate constraints as long as the U.S. economy keeps growing and overseas investors continue to support fiscal deficits and Treasury issuance. BIT added, however, that concerns are growing that major Treasury holders such as Japan could gradually reduce their U.S. Treasury holdings to defend rapidly depreciating domestic currencies. Rising U.S. Treasury yields reflect not only those concerns but also the risk that China could further cut its holdings, BIT said. China has continued to reduce the share of U.S. Treasurys in its foreign exchange reserves and increase its gold holdings as part of reserve diversification, according to BIT.

U.S. Sen. Ruben Gallego, a Democrat, said the ethics provisions in the Republican-backed CLARITY Act revision were inadequate and that he plans to work with Republicans on another amendment, Cointelegraph reported, citing Politico. Earlier, Senate Republicans released a revised version of the CLARITY Act that included an ethics provision barring all federal officials, including President Donald Trump, from issuing or endorsing digital assets. Gallego said the Republican proposal was not a serious offer, did not properly reflect months of bipartisan talks, and that negotiations were still underway, with new language to be presented.

Binance announced the addition of monitoring tags to LSK, ACX and STX. Tokens with a monitoring tag carry higher volatility and risk than other tokens and could face delisting in the future.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - ETH: $55.83 million liquidated (89.53% longs) - BTC: $49.26 million liquidated (88.13% longs) - SOL: $7.22 million liquidated (94.42% longs)

Taiwanese singer Jeffrey Huang, also known as Machi Big Brother, sold Bored Ape Yacht Club NFT #6801 for 8.61 ETH two hours ago, taking a 14.89 ETH loss, or about $28,000, according to Lookonchain. Huang had bought the NFT for 23.5 ETH three years ago. Lookonchain said the sale was intended to raise additional funds after the liquidation of Huang's Ether long position.

An address starting with 0x74B7E, believed to belong to an early MakerDAO team member or investor, sold 1,050 MKR for 1.316 million USDC about 20 minutes ago after holding the tokens for more than 10 years, EmberCN reported. MKR is the pre-rebrand token of SKY, and one MKR was previously swapped for 24,000 SKY.

The Korea Exchange triggered a sell-side sidecar after the KOSPI fell more than 5%. It was the first such move in four trading days since July 20 and the 21st this year.

George Cottrell, a donor to Reform UK leader Nigel Farage, deposited $8.8 million into a Polymarket account in October 2024, and the funds were used to bet on whether President Donald Trump would win the election, Protos reported. Farage recently resigned from Parliament after facing allegations of illegal crypto lobbying tied to an undisclosed $6.7 million donation from a major Tether shareholder. After making a profit on the bets, Cottrell withdrew more than $13 million back to an exchange, according to the report. Cottrell was convicted of wire fraud in March 2017 after authorities found he had agreed to launder proceeds from drug trafficking.

Robinhood (HOOD) CEO Vlad Tenev’s X account, which had raised hacking concerns, has been restored to its pre-hack state. Amid the restoration, VLAD, a memecoin on Robinhood Chain that was mentioned on his X feed during the suspected hack, was falling sharply.

CoinMarketCap’s Altcoin Season Index stood at 50, unchanged from yesterday. The index is calculated by comparing the price performance of Bitcoin with that of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is regarded as Bitcoin season. The closer the index is to 100, the more it indicates altcoin season.

NYSE-listed KULR Technology, known as a Bitcoin accumulation company (DAT), transferred 145.8 BTC worth about $9.45 million to Coinbase Prime five hours ago, according to EmberCN. EmberCN said KULR’s holdings had once reached 1,021 BTC worth about $101 million, but after continuing to sell over the past three months, the company now has only 100 BTC worth about $6.47 million left. EmberCN said KULR’s average purchase price was $98,923 and its average selling price was $74,368, resulting in a loss of $22.62 million. It added that KULR appears to have effectively halted its Bitcoin holding strategy, citing the recent selling trend, the removal of its BTC holdings page from its website and the lack of further BTC mentions on its official X account.

South Korea’s Financial Services Commission virtual asset division is set to visit the National Assembly Members’ Office Building today to brief aides and other staff on the proposed digital asset basic law, Edaily reported. An FSC official said the commission has been in frequent contact with the National Assembly and plans to visit all offices on the National Assembly’s Political Affairs Committee from both parties going forward.

Onchain fee revenue fell 33% year over year in the second quarter, but payouts to token holders were largely unchanged, according to an analysis by 1kx Network. 1kx Network said fee revenue generated by decentralized exchanges fell by $625 million, or 57%, over the same period, led by Meteora (MET), Raydium (RAY) and PancakeSwap (CAKE). Token launchpads also saw fee revenue drop 57%, with Pump.fun (PUMP) accounting for about half of that decline. By contrast, perpetual futures and prediction markets posted higher fee revenue, driven by EdgeX (EDGE) and Hyperliquid (HYPE). Polymarket alone generated around $100 million in fees in the second quarter, 1kx Network said. The analysis said token holder fee income saw little change despite lower network fees, largely because Hyperliquid's token buyback and burn policy was effective.

Lorenzo Valente, crypto research director at Ark Invest, said on X that Hyperliquid’s real-world asset, or RWA, trading volume has exceeded its cryptocurrency trading volume for the first time. Valente said RWA trading accounted for 54% of Hyperliquid’s total volume over the past week, marking the first time it has overtaken crypto trading. Since June, HIP-3-based single-stock trading volume has surpassed volume in index and commodity products, with stocks now making up 61% of total RWA volume, he added. Valente also said total decentralized exchange perpetual futures volume reached $79 billion last week, of which Hyperliquid accounted for $50 billion. Of that amount, $26 billion came from HIP-3-based RWA trading. Hyperliquid’s RWA market size now exceeds the combined cryptocurrency perpetual futures trading volume of all other decentralized exchanges, according to Valente.

Eight addresses believed to be managed by a single individual or institution have staked 1.49 million HYPE worth $88.2 million, according to Onchain Lens on X. All eight addresses were shown to have withdrawn the tokens from Bybit, and they had also withdrawn HYPE about nine months earlier.

Twenty One Capital, a U.S.-listed Bitcoin accumulation company, is effectively owned by Tether, while the role of recently departed CEO Jack Mallers was largely limited to promoting the stock, The Block reported. Cory Klippsten, CEO of Bitcoin buying and custody platform Swan Bitcoin, said Tether had partly obscured Twenty One Capital’s structure and that the company served as a channel for work Tether needed done in the U.S., including directing money to politically necessary areas. Klippsten did not provide specific evidence. Tether Investments, the largest shareholder in Twenty One Capital, had been pursuing a three-way merger involving Bitcoin payments app Strike and crypto mining company Elektron Energy. But after Jack Mallers, who had served as CEO, stepped down, Strike was removed from the merger talks. Management changes within Twenty One Capital are also continuing, according to the report.

Stripe is in talks to acquire OpenRouter, an AI model marketplace, at a $10 billion valuation, Cointelegraph reported. The acquisition talks are ongoing, and it has not been determined whether the deal will be finalized.

Network fee revenue has fallen across major blockchains including Ethereum and Solana despite higher transaction volumes, while real institutional-led adoption is accelerating, global asset manager Bitwise said in a third-quarter staking report released on July 23. Bitwise said Ethereum’s transactions per second rose to 26, helped by a higher gas limit, and the amount of staked ETH reached a record 40.2 million. But network revenue came to $64 million, down 51% from a year earlier. Solana also recorded 9.8 billion non-vote transactions in the second quarter, but fee generation fell to $51 million following an upgrade that eased block congestion. The firm added that staking ratios across major networks remain high. It said the increase in staked assets this year was driven by participation from large investors, including staking ETFs approved in the U.S. and institutional investors. Bitwise also said stock-token trading volume is growing rapidly as institutional adoption and real-world asset tokenization accelerate.

DeFi swap optimization platform Odos (ODOS) said on its official X account that it will cease operations on July 30. As a non-custodial platform, it said no separate withdrawal process will be required. Starting July 27, the Odos app will switch to read-only mode and service use will be suspended.

Major publicly listed companies that had been accumulating cryptocurrencies, including Bitcoin, are making broad changes to their strategies, Matthew Sigel, VanEck’s head of digital assets research, said on X. While the reasons for selling crypto holdings vary, most companies have cited business model shifts, cash needs, or debt repayment. The following is Sigel’s summary: - Companies that sold all crypto holdings: Satsuma Technology, Bitdeer, Sequence Communication, Genius Group, Prenetics, Volts Capital, Alpha Compute, AEG, MAIA Biotechnology - Companies that made partial sales: MARA Holdings, Strategy, Empery Digital, Nakamoto, Smarter Web Company, Cango, DIGI - Companies that changed their holding strategies: Exodus Movement, MPU Capital, Zerostar, DigitalX

According to crypto options exchange Deribit, $1.21 billion in Bitcoin options is set to expire at 8:00 a.m. UTC today. The put/call ratio stands at 0.90, and the max pain price, the level where the largest number of options buyers lose their premium, is $64,500. At the same time, $234 million in Ethereum options is also set to expire. The put/call ratio is 1.29, and the max pain price is $1,875.

Spot CVD is an order-book analysis chart for the BTC/USDT spot trading pair. The upper panel shows the Volume Heatmap, while the lower panel shows cumulative volume delta, or CVD. - The Volume Heatmap tracks trading volume at each price level. The background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Areas closer to brighter colors may act as support or resistance. - The cumulative volume delta, or CVD, indicates buy and sell orders by capital size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

CoinMarketCap’s proprietary Crypto Fear and Greed Index fell three points from yesterday to 37, moving from neutral into fear. A reading closer to zero indicates extreme fear in the market, while a reading closer to 100 signals extreme optimism. CoinMarketCap calculates the index based on price movements in the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market data including the put-call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.