Live Feed

An address believed to belong to Wang Chun, co-founder of F2Pool, the world’s fourth-largest Bitcoin mining pool, deposited 6,009 ETH and 62.31 WBTC to Binance, Onchain Lens reported. The ETH deposit was worth $11.56 million, while the combined value of the assets was $15.65 million. The address had been buying BTC and ETH since late May.

Bitcoin inflows to Binance have continued, but outflows have remained at a similar scale and investors appear to be shifting toward long-term holding, on-chain analyst Xwin Research Japan said. Xwin Research Japan said large BTC deposits are generally interpreted as a sign of selling pressure, but net inflow data, which reflects both deposits and withdrawals, should also be considered when assessing market direction. Recently, even as BTC deposits to Binance have continued, withdrawals have offset most of them, suggesting incoming supply is either being absorbed by the market or moved back into long-term storage wallets. Xwin Research Japan said this indicates investors are using Binance as a source of liquidity while continuing to reduce exchange-held balances. In the short term, higher deposits could bring volatility, but overall selling pressure does not appear likely to persist. The analyst added that Binance flow data should be monitored alongside ETF fund flows, exchange reserves and stablecoin liquidity to judge whether the market is in an accumulation phase or a selling phase.

Binance announced it will temporarily suspend its stock trading service for system maintenance from 10:50 a.m. UTC to 2:00 p.m. UTC on July 25.

More than $7.5 million in assets was stolen from Verus' Ethereum cross-chain bridge in an exploit, Onchain Lens reported. The hacker drained the funds by forging cross-chain proofs and withdrawing reserve assets on Ethereum that had not been unlocked on the Verus chain. The Verus bridge was previously hit by an $11.58 million hack in May.

About $69.1 million in net inflows entered U.S. spot Bitcoin ETFs on July 22, according to Farside Investors, marking a seventh consecutive trading day of net inflows. - BlackRock IBIT: +$38.8 million - Fidelity FBTC: +$21.5 million - Bitwise BITB: +$5.4 million - Morgan Stanley MSBT: +$3.8 million - Grayscale GBTC: -$38.3 million - Grayscale Mini BTC: +$37.9 million

U.S. spot Ethereum ETFs recorded a net inflow of $72.7 million on July 22, according to Farside Investors. The inflow marked the fourth consecutive trading day of net inflows. - BlackRock ETHA: +$53.5 million - Fidelity FETH: +$19.2 million

Coinbase plans to increase the size of its Singapore office to about 200 employees by the end of this year from about 150 now, Tech in Asia reported. Coinbase obtained a full Major Payment Institution license in Singapore under the Payment Services Act in October 2023 and has since expanded its investment in Singapore and across Asia.

Kazakhstan has approved rules for a strategic digital mining program that guarantee electricity supplies to cryptocurrency mining companies for up to 10 years, according to a report by a West Asian media outlet. Under the rules, participating companies can receive power allocations from electricity generators at capped rates. In return, they must transfer part of their mined cryptocurrency to Kazakhstan’s Silicon Valley, Astar Network, or a hub, and the assets will be held in trust by a state investment corporation under the central bank before being used to expand the country’s strategic crypto reserve.

South Korean exchange Bithumb announced the listing of CheckMate (CHECK) today at 6:00 a.m. UTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $28.18 million liquidated (61.64% longs) - ETH: $40.12 million liquidated (58.4% shorts) - SPCX: $9.02 million liquidated (97.85% longs)

South Korean Rep. Kim Hyun-jung of the Democratic Party called for swift passage of a second-phase digital asset bill covering won-denominated stablecoins at a conference held at the National Assembly Members' Office Building on July 23, Edaily reported. Kim said South Korea needs to prepare as broader dollar stablecoin adoption is expected after the GENIUS Act takes full effect in January next year and the U.S. market structure bill, the CLARITY Act, could come to a vote as early as next week. At the same event, when asked whether the government’s digital asset basic law on stablecoins would be released in the second half of the year, Kim Sung-jin, head of the virtual asset division at South Korea’s Financial Services Commission, said the schedule remains under discussion with relevant agencies and the National Assembly and that officials are working to move as quickly as possible, as outlined in the government’s economic policy direction for the second half.

SkyBridge Capital founder Anthony Scaramucci said the crypto ethics provisions in the CLARITY Act are not sufficient and argued that insider trading by members of Congress should be banned more broadly. In an interview with CNBC, Scaramucci stressed that the same ethical standards should apply not only to digital assets but also to lawmakers’ stock trading.

On-chain analyst Darkfost said demand from spot Bitcoin ETFs, Strategy and corporate Bitcoin accumulation firms is all slowing. In a post on X, Darkfost said net inflows into spot ETFs over the past 30 days fell by $2.1 billion, while Strategy's purchase demand has stagnated for weeks. Demand from accumulation firms has also dropped from about $6.6 billion in August last year to effectively near zero now. Darkfost said the trend reflects market pessimism, but added that periods when demand from those buyers is at its lowest could instead offer a good time to build positions.

Ondo Finance's RWA-based perpetual futures exchange Ondo Perps launched a points program. Users can earn points based on trading volume and open interest, with a total of 5 million points distributed each week during the program period.

South Korean exchange Upbit announced the addition of O, also known as Owon Exchange, for trading against KRW, BTC and USDT at 6:00 a.m. UTC today.

Toss and Toss Bank said today they signed a strategic memorandum of understanding with Circle to explore potential cooperation on blockchain-based payment infrastructure and stablecoin technology. Under the agreement, the companies will examine collaboration in payment and settlement infrastructure using stablecoins and blockchain technology, according to Yonhap Infomax.

U.S. Senate Republican Leader John Thune said a vote on the CLARITY bill could be pushed as early as next week even without an agreement with Democrats, according to Cointelegraph.

Binance announced it will list POPMART/USDT perpetual futures at 2:30 a.m. UTC today with support for up to 25x leverage.

About 90% of circulating Worldcoin (WLD) is concentrated in just 100 wallets, according to documents Grayscale filed with the U.S. SEC for a WLD ETF. Crypto media outlet Protos said the filing also showed Worldcoin relies heavily on a centralized sequencer, holders of upgrade authority and bridge operators, while the project’s governance token is rarely used in actual decision-making.

Japan may launch its first spot Bitcoin ETF as early as 2028, Nihon Keizai Shimbun reported. After a bill defining cryptocurrencies as financial products was enacted into law on July 15, Japan’s Financial Services Agency is preparing to revise rules related to investment trusts. Major asset managers are now reviewing ETF launches, and some projections suggest Japanese Bitcoin ETFs could attract as much as 3 trillion yen ($20.3 billion) by March 2029, the end of fiscal 2028.

BitMEX co-founder Arthur Hayes bought another 644.34 ETH worth $1.25 million eight hours ago, according to Lookonchain. Over the past eight days, Hayes has purchased a total of 3,270 ETH worth $6.27 million.

The National Business Pension Fund Association, which covers 1,200 small and mid-sized Japanese companies, will invest in a cryptocurrency fund managed by a major overseas hedge fund, Nihon Keizai Shimbun reported. Ayu Kikuchi, the fund’s executive officer for investments, cited the asset’s low correlation with U.S. dollar price movements as the reason for the decision. Of the fund’s 21.5 billion yen ($194 million) in assets under management, 15% is held in dollar-denominated assets. It plans to initially allocate 1% of assets for diversification without significantly reducing its dollar exposure. The investment decision came after revisions to Japan’s Financial Instruments and Exchange Act were enacted on July 15.

BSquared Network is estimated to have been hacked on BNB Chain, with losses of $3.86 million, according to on-chain analyst Specter. Specter said the hacker stole 8.591 million B2 tokens worth $3.86 million, swapped them for 5,409 WBNB worth about $3.11 million, bridged the funds into ETH, and is now moving them into Zcash.

Crypto payments platform Wirex is shifting its business to stablecoin banking-as-a-service, Forbes reported. Wirex plans to provide corporate clients with financial infrastructure including stablecoin cards, bank accounts and cashback services.

Kakao Group said today it signed a strategic memorandum of understanding with Circle Internet Group (CRCL) to cooperate in digital asset technology. According to The Asia Business Daily, the two sides will explore ways to combine Kakao Group’s digital platform and financial services ecosystem with Circle’s experience in developing digital asset infrastructure, including blockchain and global payment systems. Kakao Pay said it has begun its first move to proactively prepare a Korean-style digital asset ecosystem with a global digital asset infrastructure company.