Live Feed

U.S. investors are depositing stablecoins back into crypto exchanges, according to CryptoQuant. It said stablecoin flows at exchanges had remained in net outflow for more than two months after turning negative on May 11, but recently shifted back to net inflows. CryptoQuant added that inflows to exchanges generally increase buying power and tend to align with upward price trends, with the USDC net inflow indicator signaling the market is turning more positive.

An anonymous whale address beginning with 0x3652 bought 9,046.17 ETH worth $17.8 million at an average price of $1,968 over the past 50 minutes and then transferred the tokens to another address beginning with 0xdbf, according to ai_9684xtpa.

German crypto asset manager DDA (Deutsche Digital Assets) said Bitcoin’s governance structure is one reason advances in quantum computing could pose a threat to the network. DDA said financial institutions such as JPMorgan could shift to quantum-resistant cryptography through board approval and budget execution alone, while Bitcoin would require consensus among participants worldwide. DDA added decentralized networks may adopt quantum-resistant cryptography more slowly than traditional financial institutions, and said this reflects not so much a weakness in Bitcoin as a need to take its governance process seriously.

Lorenzo Protocol's BANK, newly listed on South Korean exchange Bithumb's won market, has seen sharp volatility. Based on Binance's USDT spot trading pair, BANK climbed to as high as $0.595 at around 6:17 a.m. UTC today, but has since given back most of those gains and was trading near $0.41. BANK traded around $0.04 on July 13.

Bitcoin has entered an undervalued zone, but the capitulation typically seen at cycle bottoms has yet to emerge, on-chain analyst Axel Adler Jr said on X. Adler said the MVRV Z-score, a metric used to assess oversold and overbought conditions, fell to 0.42, around four times lower than its historical average of 1.7, but remained above zero. BTC’s seven-day realized profit and loss turned positive from negative, indicating on-chain selling pressure has eased. He said the market has entered a stabilization phase while undervalued, but clear bottom signals and the demand needed to drive a fresh upswing are still lacking.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 51.16% long, 48.84% short - Binance: 51.6% long, 48.4% short - OKX: 51.86% long, 48.14% short - Bybit: 53.38% long, 46.62% short

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $44.25 million liquidated (93.12% shorts) - ETH: $114.23 million liquidated (94% shorts) - SPAC: $1.96 million liquidated (93.08% longs)

Two of the seven chart masters affiliated with CoinNess projected a decline in Bitcoin’s price direction this week, while five forecast a rise. The highest target price was $70,000 and the lowest was $60,000. Vote through the link for the outlook and target price that most closely matches your view. We will give coffee coupons to 100 selected participants through a drawing.

Robinhood Chain, Robinhood’s Arbitrum-based layer-2 network, has become the top blockchain for real-world asset token holders just one month after launch, CryptoPotato reported, citing data from RWA.xyz. The chain currently has 330,000 RWA token holders and $24.12 million in assets deposited on the platform. It also supports trading in around 1,900 tokenized assets, with monthly trading volume standing at about $750 million. CryptoPotato said Robinhood Chain has been showing rapid early growth through meme coins and stablecoin payments.

Seiji Kihara, a lawmaker from Japan’s Liberal Democratic Party, said Japan’s two-times leverage limit on cryptocurrency trading is overly restrictive and pledged to pursue regulatory easing, Nikkei reported. Speaking at a financial summit in Tokyo, Kihara said sufficient liquidity and a functioning price mechanism are essential for the healthy development of the crypto market, adding that deregulation is an unavoidable trend. Kihara currently leads the LDP’s Next-Generation AI and On-Chain Finance Project Team, which is pushing regulatory changes aimed at improving market liquidity and attracting more cryptocurrency capital to Japan, according to the report.

An anonymous whale withdrew 281,140 LINK worth about $2.45 million from Binance, according to Onchain Lens. Exchange outflows are typically interpreted as accumulation.

South Korean exchange Bithumb announced the addition of Geodnet (GEOD) for KRW trading at 9:00 a.m. UTC on July 27.

Brazil’s federal police arrested a drug trafficking ring accused of laundering money through cryptocurrency and seized and froze $196 million (1 billion Brazilian reais) in assets, Bitcoin.com reported. According to police, the group is suspected of smuggling more than 6.5 tons of cocaine to Europe through Rio de Janeiro’s port since 2021 by hiding it in shipments of coffee, cement and mortar.

Whale Alert reported that 791,549,000 USDT has been transferred from Binance to an unknown wallet. The transaction is valued at about $791 million.

South Korean exchange Upbit announced the addition of Geodnet (GEOD) to KRW, BTC and USDT trading pairs at 8:00 a.m. UTC today.

OKX announced it will list AEON for spot trading at 11:00 a.m. UTC on July 27.

Coinbase CEO Brian Armstrong said "AI has become a megatrend" but that does not diminish the value of cryptocurrency. In a post on X, Armstrong said crypto is general-purpose infrastructure like electricity or the internet, adding it is not competing with AI but instead supports it. Armstrong also said AI agents cannot open bank accounts or wait for wire transfers, so they need cryptocurrency as real-time programmable money. As AI agents take on tasks such as holding funds, making payments, trading, providing investment advice and raising capital, Armstrong said crypto’s role will grow further.

South Korean exchange Bithumb announced the addition of Lorenzo Protocol (BANK) to its KRW trading pair at 6:00 a.m. UTC on July 27. BANK traded around $0.04 on Binance’s USDT spot market on July 13 and climbed about 1,000% to reach $0.4055 on July 26. It was recently trading at $0.3907, up 5.67% from yesterday.

An address believed to be linked to Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 3,440 ETH worth $6.7 million and 3.51 WBTC worth $228,000 to Binance, according to Onchain Lens. The address had been buying BTC and ETH since late May. Exchange deposits are typically interpreted as a sign of selling intent. The same address also deposited $11.56 million worth of ETH to an exchange on July 23.

Streami, the operator of South Korean crypto exchange Gopax, announced the appointment of Kim Na-young as its new CEO. Kim previously led financial business development at Amazon Web Services Korea. Gopax said the leadership change is aimed at accelerating efforts to resolve the long-unpaid GoFi repayment issue, which has remained unresolved for an extended period, while strengthening communication with South Korean financial authorities to normalize operations.

Key token unlocks this week include $9.78 million in SUI According to data from Tokenomist, the major token unlocks scheduled for this week (July 27–Aug. 3) are as follows: - SIGN: 401 million tokens ($3.31 million), representing 15.71% of circulating supply, at 10:00 a.m. UTC on July 28 - FF: 102 million tokens ($6.15 million), representing 3.53% of circulating supply, at 1:00 p.m. UTC on July 29 - CARDS: 28.84 million tokens ($3.44 million), representing 5.76% of circulating supply, at 7:00 p.m. UTC on July 29 - KMNO: 229 million tokens ($4.12 million), representing 2.97% of circulating supply, at 12:00 p.m. UTC on July 30 - SUI: 13.72 million tokens ($9.78 million), representing 0.34% of circulating supply, at 12:00 a.m. UTC on Aug. 1 - EIGEN: 36.82 million tokens ($7.63 million), representing 5.79% of circulating supply, at 4:00 a.m. UTC on Aug. 1 - ENA: 40.63 million tokens ($3.66 million), representing 0.47% of circulating supply, at 7:00 a.m. UTC on Aug. 2

U.S. Sen. Cynthia Lummis said the CLARITY Act would close regulatory loopholes exploited by groups such as North Korea’s Lazarus hacking organization, according to Cointelegraph. Lummis said the bill would give the Treasury Department new authority to freeze suspicious transactions before funds are actually moved.

According to GMGN data, the market capitalization of Solana-based memecoin CATE at one point jumped 230-fold from the previous day to top $9.5 million, but has since given back part of those gains and fallen to about $7.09 million. CATE is a memecoin inspired by an X post from @kabosumama, the owner of Kabosu, the Shiba Inu that inspired Dogecoin (DOGE), sharing a video featuring a kitten.

Storj said on its official X account that it has filed for Chapter 11 bankruptcy protection in a U.S. court. The company said the filing is intended to address existing debt issues while allowing the business to continue operating. Once the reorganization process is completed, Storj said the entity is expected to be restructured into a jointly owned model involving management, the community, STORJ holders and investors. Storj, founded in 2014, operates a cloud storage network. Other crypto-related companies that have entered bankruptcy proceedings this year include MOVE developer Movement Labs, Bitcoin ATM operator Bitcoin Depot (BTM), crypto lending platform Blockfills and stablecoin operator Archblock.

CoinMarketCap’s Altcoin Season Index stood at 51. The index compares price performance between Bitcoin and the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. An altcoin season is identified when 75% of the top 100 coins outperform Bitcoin over the past 90 days, while the opposite is considered a Bitcoin season. A reading closer to 100 indicates a stronger altcoin season.