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Following a recent sharp decline in the price of CashCat (CASHCAT), a prominent memecoin on the Robinhood Chain, allegations of insider trading have been raised against its most profitable wallet, U.Today reported. The allegations center on an anonymous address (starting with 0xae0F) that purchased 16.3 million CASHCAT for 1.6 ETH shortly after the token's launch. This address then sold 90% of its holdings immediately before the price correction, realizing an estimated 952-fold return. The community has grown suspicious due to the perfectly timed trades, which were likened to buying at the absolute bottom and selling at the peak. However, the report noted that the high volatility of the memecoin market makes it difficult to sell at a peak, and the wallet's trading history does not necessarily prove the use of insider information. CASHCAT, which traded above $0.22 on July 12, is currently trading at around $0.1265, down 32.73% over the past 24 hours.

The Ichimoku Cloud on Ripple's (XRP) weekly chart is acting as strong overhead resistance and limiting the asset's recovery, according to an analysis by The Crypto Basic. The outlet noted a repeating pattern of consistently lower highs, suggesting that selling pressure continues to dominate the market. A weekly close above $1.1444 could break the pattern of lower lows seen over the past 12 months, potentially allowing a rise to $1.2050, where the Tenkan-sen line is located. However, the analysis concludes that the Ichimoku Cloud remains a key resistance level hindering further gains.

An Executor wallet belonging to the LayerZero (ZRO) team has been hacked, resulting in the theft of $2.1 million across multiple chains, on-chain analyst Specter (@SpecterAnalyst) reported on X. An Executor is an address that executes a request from a source chain on a destination chain. The suspected hacker bridged the stolen funds to Ethereum (ETH) via cross-chain bridges Stargate (STG) and Relay. The hacker's address currently holds 955 ETH ($1.78 million) and 322,000 USDC.

The total market capitalization of the Decentralized Physical Infrastructure (DePIN) sector has plummeted by 83% from its all-time high, CryptoRank reported on X. The sector, which reached a market cap of $20.2 billion in March 2024, has since fallen to $3.46 billion. The market cap has also declined by 23% since the beginning of the year. CryptoRank described the DePIN sector as the weakest among the major crypto narratives.

Pharos Network (PROS), a Layer 1 blockchain specializing in real-world asset (RWA) tokenization and artificial intelligence (AI), has announced the launch of the Axil Prime Credit Vault (APC), a product that brings institutional private credit strategies on-chain. The APC is a three-month lock-up vault with a maximum size of 100 million USDC and a target annual yield of up to approximately 14.3%. This yield is composed of an estimated 11.3% from underlying private credit returns and about 3% from Pharos's PROS token incentives. Asset management will be handled by Axil, while R25 Protocol will provide the RWA infrastructure to connect on-chain funds with off-chain credit assets. Pharos will oversee distribution and settlement. The APC will be integrated with OKX Wallet, Binance Wallet, TopNod, and KuCoin Wallet. Deposits can be made using native Pharos USDC or assets bridged from Ethereum.

South Korea’s Financial Services Commission (FSC) has specified the procedure for refunding virtual assets to victims of voice phishing and other financial scams, SBS Biz reported. According to a proposed amendment to the enforcement decree of the Special Act on the Prevention of Telecommunications-based Financial Fraud and Damage Refund, if the recovered asset is monetary, it will be refunded by its currency value. If it is a virtual asset, it will be returned by its type and quantity. In cases where the asset stolen from a victim differs from the asset remaining in a frozen fraudulent account, the refund will be made in the form of the asset present in the account at the time of the freeze. The FSC also plans to establish requirements for designating a dedicated institution to support the sale of virtual assets eligible for refunds. The amended decree is scheduled to take effect on Oct. 1, coinciding with the law's implementation date.

The volume of Bitcoin held at a loss is rapidly increasing, pushing investor sentiment into a phase of extreme contraction, according to on-chain analyst Darkfost. He noted that the proportion of unspent transaction outputs (UTXOs) in a loss state is growing, and the ratio comparing these to UTXOs in a profit state has reached an extreme level. Darkfost explained that such extreme readings typically emerge during periods of intense market stress, adding that the metric is highly consistent and less prone to distortion from price volatility because it simply calculates the ratio of UTXOs in loss versus those in profit. He suggested that the current signal of growing losses on held positions could be interpreted as an accumulation opportunity for long-term investors. However, he also warned to be cautious of a sharp rise in the ratio driven by a surge in profitable UTXOs amid excessive market optimism, as that could signal the end of a market rally.

DEXE has fallen by 4.13% in the past five minutes on the COINNESS market. Currently, DEXE is trading at $37.62.

A bill that defines cryptocurrency as a financial product passed Japan's House of Councillors on July 15, officially becoming law, CoinPost reported. Under the amendment, which shifts the legal basis for crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act, the Japanese government will apply a separate tax of approximately 20% to all crypto assets handled by operators. The new rules will also allow investors to deduct losses from profits for up to three years. Penalties for the unregistered sale of cryptocurrencies will be increased, with the maximum prison sentence rising from three to 10 years and the maximum fine increasing from 3 million yen to 10 million yen. Insider trading regulations will also be introduced for the first time, and certain crypto issuers will be required to make regular annual disclosures. The tax changes are scheduled to take effect on Jan. 1, 2028, if the law is implemented in fiscal year 2027. While the amendment establishes a regulatory framework for crypto ETFs, the approval of a Bitcoin ETF is not yet confirmed. Detailed standards regarding reserve levels, derivatives leverage, and requirements for custody and AML/CFT operators will be finalized in subsequent enforcement orders and supervisory guidelines. The bill had previously passed the House of Representatives in June.

South Korean crypto exchange Bithumb announced it has removed Gnosis (GNO) from its delisting watchlist, stating that the issues that led to the designation have been resolved.

U.S. Ethereum spot ETFs recorded a net inflow of $58.4 million (86.8 billion won) on July 14, according to data compiled by Trader T. This marks a return to net inflows just one day after the funds experienced a net outflow. - BlackRock ETHA: +$58.34 million - BlackRock Staking ETHB: +$60,000

U.S. spot Bitcoin ETFs recorded a total net inflow of $181.07 million on July 14, reverting to net inflows after just one day of net outflows, according to data compiled by Trader T. - BlackRock's IBIT: +$138.90 million - Fidelity's FBTC: +$21.07 million - Bitwise's BITB: +$3.50 million - Ark Invest's ARKB: +$3.64 million - Morgan Stanley's MSBT: +$7.40 million - Grayscale's Mini BTC: +$6.56 million

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot trading pair. The top section displays a Volume Heatmap, while the bottom shows the CVD. - The Volume Heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. Brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

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: 51.4% long, 48.6% short - Binance: 51.92% long, 48.08% short - OKX: 53.06% long, 46.94% short - Bybit: 52.14% long, 47.86% short

The Bitcoin Coinbase Premium Index has remained in negative territory for 58 consecutive days, indicating sustained weak demand in the U.S. market. According to Coinglass data, the index registered -0.0851% as of 0:00 a.m. UTC on July 15. The metric has been consistently negative since May 19, after last recording a positive value of 0.0244% on May 18. The premium dipped to around -0.19% in late May and early June. It briefly recovered to -0.0622% on June 13 before falling again to -0.1163% the next day. This index measures the price difference for Bitcoin between the U.S.-based exchange Coinbase and the global average. A positive reading suggests buying pressure and institutional inflows in the U.S., while a negative value points to selling pressure and risk-off sentiment.

South Korea's Ministry of Economy and Finance is pushing to enact a new basic act on national assets to effectively manage emerging asset classes, including cryptocurrencies, The Block reported. The move comes as the existing State Property Act, established in 1950, is primarily designed for a real estate-centric asset structure and has struggled to encompass recently prominent assets like crypto. According to Yonhap News, the government plans to upgrade its management system for new types of assets, build an AI-based database to enhance efficiency, and increase the frequency of its comprehensive state property survey from every five years to annually. Audits of asset management will also be strengthened. Additionally, the plan includes a proposal to tokenize state-owned real estate in the form of security tokens (STO) and share the operating profits with the public. Koo Yoon-chul, Deputy Prime Minister and Minister of Economy and Finance, said the government aims to achieve "the world's best" management of national treasury and state property by integrating AI and blockchain.

DB Securities is partnering with the Ethereum Layer 2 (L2) Optimism Foundation to accelerate the establishment of its business framework for domestic and international token securities (STO) and real-world assets (RWA). According to Maeil Business Newspaper, the two parties signed a memorandum of understanding (MOU) in Manhattan, New York, to promote STO and RWA projects specific to South Korea's Jeju region and to explore collaborative business models. As their first joint initiative, they will develop a platform to tokenize real-world assets such as smart farms, livestock, and K-content intellectual property (IP).

SBI Global Asset Management, a subsidiary of a major Japanese financial group, has announced a partnership with Singapore-based blockchain platform DigiFT to offer an on-chain listed stock management strategy (JX) on Solana.

While South Korea's National Tax Service is creating a dedicated team and building a transaction analysis system ahead of next year's planned implementation of cryptocurrency taxation, a petition to abolish the tax has stalled in the legislature, Electronic Times Internet reported. The petition, which garnered more than 50,000 signatures, has been referred to the National Assembly but has not yet been scheduled for review. An official from the National Assembly's Strategy and Finance Committee stated that no schedule has been set for the petition. The official added that whether to discuss it alongside a similar bill to repeal the crypto income tax or to handle it separately is a matter for the party whips to decide. Previously, People Power Party lawmaker Song Eon-seog proposed an amendment to the Income Tax Act that would delete the provisions for taxing gains from the transfer or lending of virtual assets.

Aave (AAVE) has announced its selection of Chainlink's (LINK) Cross-Chain Interoperability Protocol (CCIP) as its standard for cross-chain infrastructure. Currently, CCIP handles cross-chain GHO transfers and multi-chain governance execution through the Aave Delivery Infrastructure (a.DI). Moving forward, it will also support cross-chain functionalities for the Aave app via Stable Vaults, including features such as vault rebalancing, yield optimization, deposits, and transfers. These cross-chain operations will take place between Ethereum, Base, and Arbitrum.

Iran's Revolutionary Guard Corps announced it destroyed a U.S. military satellite communications center, missile and air defense radar, a Patriot air defense system, logistics facilities at a U.S. military base, and HIMARS missile launchers located within Kuwaiti territory.

Online payment infrastructure company Stripe and private equity firm Advent International have proposed to acquire PayPal at an enterprise value of over $53 billion, according to Watcher.Guru.

South Korea's Financial Services Commission (FSC) announced today that it plans to establish a basic act on digital assets by the end of the year to foster an innovative ecosystem. The plan was detailed in the FSC's second work report to the president. According to Digital Asset, the report also includes measures for establishing a legal framework for security tokens (STO) to improve the capital market's structure. The FSC is currently preparing an enforcement decree to regulate the security token market.

24-hour crypto futures liquidations The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $115.04 million liquidated (93.87% shorts) - ETH: $128.01 million liquidated (90.06% shorts) - ZEC: $13.31 million liquidated (96.2% shorts)

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).