Live Feed

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has added cryptocurrency addresses on the Tron (TRX), Dogecoin (DOGE), Solana (SOL), Dash (DASH), Zcash (ZEC), and Litecoin (LTC) networks to its Cuba-related sanctions list, Livecoin reported. The sanctions target multiple trust funds and cryptocurrency wallets linked to the Cuban regime. These funds also include holdings in Bitcoin (BTC) and Ethereum (ETH).

Coinbase announced that it will support trading for SK Hynix (SKHY) stock perpetual futures starting from 9:00 a.m. UTC on July 15.

Bitmine (BMNR) generated $45.7 million in revenue from its Ethereum (ETH) staking and validation business for the quarter ending May 31, accounting for approximately 98% of its total revenue, Cointelegraph reported. In contrast, the company's Bitcoin (BTC) self-mining revenue was $624,000, and consulting revenue was $168,000 during the same period. The report noted that Bitmine's business model has rapidly shifted toward ETH since the launch of its institutional staking platform, MAVAN, in March. Bitmine Chairman Tom Lee stated that the company now stakes the most ETH globally. He projected that if Bitmine stakes its entire ETH holdings through MAVAN and its partners, annual staking rewards could reach approximately $284 million.

Cryptocurrency influencer Ansem argued that Dogecoin's (DOGE) success is due to its ability to attract a new class of investors who resonate with internet culture and memes. In a post on X, Ansem noted that while average users spend four to six hours a day on social media like TikTok, Instagram, and X, they only use banking apps for an average of five minutes daily. He stated that people's attention and time are concentrated on online culture. According to Ansem, Dogecoin drew people into the market who had no prior stock investing experience, with its combination of famous figures and internet memes stimulating investment sentiment. As Dogecoin's market cap grew, institutional investors began to participate, expanding its community. He asserted that cryptocurrency is one of the few markets where one can invest in social and cultural trends in a tokenized form, adding that the next challenge is to build a structure that connects retail investor interest to sustainable value creation.

Argentine financial giant Grupo BIND has partnered with Circle to provide USDC to local institutions, Circle CEO Jeremy Allaire announced on X. Allaire added that the partnership is expected to increase liquidity between USDC and the Argentine peso (ARS).

The one-year lockup period for team and investor allocations of Pump.fun (PUMP) tokens has concluded, initiating the start of its unlock schedule, according to EmberCN. The first batch, approximately 57.3 billion PUMP valued at $86.49 million, was unlocked and distributed across 121 wallets on July 14. This marks the initial release in a three-year vesting schedule for team and investor tokens. EmberCN noted that while the tokens have been distributed to their respective wallets, this does not mean they will all be immediately sold on the market.

Tether has frozen four Tron network wallet addresses linked to Iran's Islamic Revolutionary Guard Corps (IRGC), Wu Blockchain reported. The assets in question are valued at approximately 131 million USDT. Most of the frozen funds were reportedly withdrawn from payment service provider DTC Pay and cryptocurrency exchange Bitso. The wallets were identified as being associated with the IRGC and Bank Markazi Jomhouri Islami Iran, also known as the Central Bank of Iran. Both institutions are under sanctions by the U.S. Office of Foreign Assets Control (OFAC).

Bitmine (BMNR), led by Tom Lee, appears to have purchased additional ETH, Lookonchain reported. According to the on-chain analytics firm, an address associated with Bitmine received a transfer of 6,000 ETH ($11.18 million) from FalconX seven hours ago.

T. Rowe Price plans to list an active crypto ETF (TKNZ) on the NYSE Arca, according to Bloomberg ETF analyst Eric Balchunas. The listing is expected to take place on July 16.

U.S. Federal Reserve Chairman Kevin Warsh has stated that the central bank will not step in to rescue the cryptocurrency market in the event of a financial crisis. According to The Wall Street Journal, Warsh told a House hearing on July 14 that he does not want to be involved in bailouts. He added that the Fed would do everything possible to mitigate such additional risks and intends to adhere to the principle of not bailing out specific sectors, including crypto, even if a crisis occurs in the coming years.

Circle has won an arbitration case after freezing the account of Heka Funds, a crypto fund supported by Tether, in late 2023, the Financial Times reported. According to the report, Circle froze the account on suspicion that Heka was disrupting market order with large-scale arbitrage and helping to expand Tether's market share. During the Silicon Valley Bank (SVB) crisis in 2023, when USDC temporarily fell below one dollar, Heka Funds purchased a large amount of the discounted stablecoin and then redeemed it for dollars from Circle. Circle suspected that Heka's redemption volume was significantly larger than that of other market participants and that the recovered funds ultimately flowed to Tether to be used for expanding the USDT supply. Heka filed for arbitration in 2024, claiming it lost approximately $49 million in profit opportunities due to the account freeze. However, in February of this year, an arbitrator dismissed all claims and ruled that Heka's actions were malicious. Heka was also ordered to pay Circle approximately $166,000 in legal and expert fees. Heka has denied the market manipulation allegations, stating it has never been investigated by regulators for the matter. Circle declined to comment, and Tether did not respond to media inquiries.

The Czech Ministry of Finance has added prediction market platform Polymarket to its list of illegal internet gambling sites, Bitcoin.com reported. Consequently, internet service providers (ISPs) must block access to the platform within 15 days. Jan Řehole, director of the Institute for Gambling Regulation, argued that while legal gambling allows the government to identify operators, participants, and suspicious transactions, prediction markets lack a corresponding supervisory framework. He asserted that these platforms, which permit betting on nearly any event including weather, political decisions, and security operations, are unregulated gambling products rather than risk-free innovations.

The Altcoin Season Index from crypto data platform CoinMarketCap has risen one point from yesterday to 52. The index is determined by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is declared when 75% of these top coins outperform Bitcoin over the past 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates a stronger trend toward an altcoin season.

South Korean crypto exchange Upbit has joined the U.S. crypto lobbying group The Digital Chamber as a new member, according to an announcement by the organization on X. This follows Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), which also became a new member in June.

A buy-side sidecar has been activated on the KOSPI after the index surged 6%.

The Crypto Fear & Greed Index from data provider CoinMarketCap has risen seven points from yesterday to 34, though it remains in the 'fear' category. A score closer to 0 signifies extreme market fear, while a score nearer to 100 indicates extreme optimism. CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and the platform's proprietary search data.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section displays the Cumulative Volume Delta (CVD). - The Volume Heatmap (top) tracks the volume of trades at specific price levels. The background color brightens when the price lingers in a particular range or moves significantly, with these brighter areas potentially acting as support or resistance. - The Cumulative Volume Delta (CVD) indicator (bottom) shows buy and sell orders categorized by trade size. As buy orders for a specific size increase, the corresponding colored line rises. For example, the yellow line represents orders from $100 to $1,000, while the brown line tracks large orders between $1 million and $10 million.

U.S. President Donald Trump warned in a Fox News interview on July 14 that the U.S. would strike Iranian bridges and power plants next week if the country does not return to the negotiating table. Trump stated that a powerful strike would be launched against Iran in the coming days, followed by attacks on its infrastructure, and threatened to destroy all of the country's bridges and power plants if it refuses to negotiate. He also revealed that a U.S. negotiator had contacted an Iranian official on July 14, warning that Iran would face dire consequences if it did not agree to a deal. Trump emphasized that any military action would continue until he personally decided to end it. While noting that Iran's military has been significantly weakened, he compared the nation to a great boxer, acknowledging it still has the capacity to strike back. He also did not rule out the possibility of sending ground troops but offered no further details.

Pro-crypto U.S. Senator Cynthia Lummis stated that ethics regulations related to cryptocurrency should not be aimed solely at President Trump but must be applied to everyone under the same standards, Cointelegraph reports. Her comments follow a statement from Democratic Senator Chris Van Hollen. At a press conference opposing the Clarity Act, Van Hollen had emphasized that Democrats should not pass any crypto legislation in the Senate without first addressing the ethical issues surrounding President Donald Trump's potential conflicts of interest.

Bitfinex noted in its latest Alpha report that Bitcoin (BTC) is showing a historical pattern of entering a full recovery phase after a bear market trend lasting about five to six months below its short-term holder realized price of $72,200. The report explained that with July marking the fifth month of the current downturn, the possibility of a significant rebound is growing. BTC has maintained relative stability recently, absorbing large-scale corporate selling and geopolitical risks. Last week, it held the $60,000 support level despite Strategy's (MSTR) largest-ever BTC sale and internal policy disagreements at the Fed. Additionally, spot BTC ETFs recorded a net inflow of $197.4 million, ending a nine-week streak of net outflows and signaling a potential return of institutional capital. However, the report added that macroeconomic factors, such as geopolitical instability in the Middle East, could still hinder an uptrend. For a trend reversal, both a stable macro environment and a recovery in demand are necessary. "Whether the seasonal strength of July can overcome macroeconomic uncertainty will be a key point for the market to watch," Bitfinex concluded.

Ethereum's (ETH) recent surge was driven by the easing of interest rate hike concerns after yesterday's U.S. Consumer Price Index (CPI) data came in below expectations, according to crypto analyst Darkfost. He explained that the market had previously priced in a roughly 46.5% probability of a rate hike at the FOMC meeting on July 29. However, with the release of the CPI data, the likelihood of a rate hike has virtually disappeared, prompting investors to rapidly move capital into the ETH futures market. In the hour immediately following the CPI announcement, approximately $1.2 billion in buying pressure was observed on Binance, with an additional $15 million on Deribit and $23.6 million on OKX. Darkfost cautioned that the rebound is largely speculative, driven by short-term funds reacting to macroeconomic indicators, and it is too early to consider it a sustained upward trend.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,020.79 on the Binance USDT market.

According to Iran's Tasnim News Agency, the Iranian military has announced it will continue its drone operations targeting U.S. military bases in the region until a final victory is achieved.

The U.S. Commodity Futures Trading Commission (CFTC) has ordered prediction market Kalshi not to cancel trades as previously mandated by a Michigan state court, which had banned the platform's sports betting activities last month. According to CoinDesk, the state court ordered Kalshi to halt online sports betting in June. Subsequently, on July 2, Kalshi filed an emergency request with the CFTC after the court directed it to void, cancel, and refund trades for some users in Michigan. CFTC Chairman Michael Selig stated that the agency will not allow state governments or courts to pressure CFTC-registered firms into violating the Commodity Exchange Act and CFTC regulations, adding that states do not have the right to interfere. He emphasized that canceling executed trades is an unprecedented measure that risks a chain reaction across the market, potentially creating uncertainty and undermining public trust.

Coinbase has announced that it will halt trading for Across Protocol (ACX) on July 28. The move comes after the Across Protocol team said it plans to shut down the project.