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The address behind the BONK DAO governance attack has deposited its last 400 billion BONK, worth $1.17 million, to Coinbase about 30 minutes ago, completing the sale of all 4.426 trillion BONK stolen in the exploit, EmberCN reported. The address had taken BONK worth $21.2 million. EmberCN added the selling pressure from the address contributed to a 40% drop in BONK, and the decline in BONK’s price also reduced the value of the originally stolen holdings, leaving the attacker’s final profit estimated at $13.58 million.

Binance announced it will delist the CYBER/USDC, DOLO/USDC, PIXEL/USDC and STEEM/USDC cross-margin pairs, along with the DOLO/USDC, PIXEL/USDC and STEEM/USDC isolated-margin pairs, at 6:00 a.m. UTC on July 24.

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of Sophon (SOPH) at 2:00 a.m. UTC on July 22 due to a network migration.

Bithumb posted the sharpest drop in BTC holdings among top exchanges over the past seven days, CoinCatcher reported. BTC held on exchanges is often interpreted as a gauge of potential selling pressure. According to CoinCatcher data, Bithumb’s BTC holdings fell about 5.15% over the past seven days to 32,000 BTC. By contrast, OKX’s holdings rose about 1.86% over the same period to 96,800 BTC. In separate exchange reserve flow data, Gate recorded the largest increase at $384 million, while OKX saw the largest decline at $152 million.

TD Cowen cut its target price on Smarter Web Company (SWC), a London Stock Exchange-listed company pursuing a strategic Bitcoin accumulation plan, to 0.64 pound from 1 pound, The Block reported. It maintained its Buy rating. The revision reflected changes to its BTC price outlook, recent treasury activity, possible share-price dilution from future stock issuance, and an increase in second-quarter BTC holdings. Smarter Web’s BTC holdings rose to 2,878 from 2,699 in the second quarter, while the stock closed up 2% at 0.29 pound on July 17, according to The Block.

If BTC falls below $63,218, about $417.58 million in long positions could be liquidated across major centralized exchanges, according to CoinGlass data. If BTC rises above $65,190, about $342.67 million in short positions could be liquidated.

Bitcoin implied volatility has fallen below 40%, suggesting a large price swing could emerge soon, crypto analyst Murphy said on X. Murphy said BTC implied volatility over the past week and month stood at 33% and 34%, respectively, and warned that if low volatility persists, the impact of an unexpected event could be amplified and push prices further in one direction. Murphy said that when BTC implied volatility fell below 40% in January, Bitcoin dropped from $97,000 to $62,000 in 15 days. In a similar phase in late April, BTC fell from $82,000 to $60,000 in 14 days, Murphy added. Murphy also noted that after June 15, BTC declined from $66,000 to $58,000. At the same time, Murphy said lower implied volatility does not always signal a market decline, but past periods of low implied volatility were followed by large moves, warranting caution for futures traders.

Capital B, a Europe-listed company pursuing a strategic Bitcoin (BTC) buying strategy, said it will carry out a one-for-10 reverse stock split. The company said the move is intended to broaden its investor base, including institutional investors, and described it as a technical adjustment to the share unit that will not directly affect the total value of shareholders’ holdings. Capital B added that the consolidation process will run from Aug. 5 to Sept. 6, with existing shares to be exchanged for new shares on Sept. 7. The company said shareholders do not need to take any action.

A new address starting with 0xf23c withdrew 10,000 ETH worth $18.6 million from Binance and staked the entire amount, according to Lookonchain.

Net buying by Bitcoin whale wallets holding 1,000 to 10,000 BTC has risen to about 66,700 BTC over the past 60 days, approaching the 68,000 BTC recorded on June 16, according to an analysis by crypto analyst Amr Taha. Taha said the figure was the highest since Feb. 17, when net buying by those wallets topped 106,000 BTC. By contrast, wallets holding 100 to 1,000 BTC were net sellers of about 77,800 BTC, showing a clear selling bias. Taha explained that wallets in the 100 to 1,000 BTC range have historically been the group that most closely reflects retail investor behavior, with a tendency to buy near price peaks and sell near bottoms.

South Korea’s Justice Ministry said it booked 304 suspects and arrested 25 over the past year in financial, securities and virtual-asset crime cases, while preserving 381.4 billion won ($275 million) in illicit proceeds for forfeiture. According to a ministry press release issued today, the results covered the period from June last year through May 2026 and were led mainly by the joint investigation unit for financial securities and virtual-asset crimes at the Seoul Southern District Prosecutors’ Office and related teams.

Crypto analyst Doctor Profit, who has about 500,000 followers on X, said via the platform that Bitcoin’s traditional four-year cycle bottom may not appear in this cycle and Doctor Profit has started buying gradually from current levels. Doctor Profit said most investors recently expected a September-October low in the $40,000-$50,000 range based on the four-year cycle theory. However, Doctor Profit argued that the more market participants expect the same scenario, the less likely it is to play out. On that basis, Doctor Profit said BTC is unlikely to fall below $50,000. Even in a worst-case scenario where BTC corrects to $54,000, the decline would be limited to about 15% from current prices, making gradual buying from now more favorable on a risk-reward basis.

RWA-focused blockchain project Plume (PLUME) said on its official X account that it will join as an ecosystem partner in a tokenization project for Japanese stock market listed-equity investment strategies led by SBI Global Asset Management, a unit of major Japanese financial group SBI. Plume said, "7.8 trillion-dollar Japan capital market is moving on-chain." It added that SBI and the Solana Foundation are building a platform in Japan for financial products linked to local equities, Singapore-based RWA platform DigiFT will provide a regulatory-compliant tokenization layer, and Plume will participate as an ecosystem partner. Plume also said the world’s fourth-largest economy is embracing tokenization.

Andy Burnham, mayor of Greater Manchester and one of the few senior UK Labour figures to openly support cryptocurrency, will become UK prime minister on July 20, succeeding Keir Starmer, according to France 24. Burnham will be the seventh UK prime minister in the past 10 years. At a previous Web3 event, Burnham said, "Manchester was the birthplace of the Industrial Revolution. Now let’s make it the birthplace of the Web3 revolution."

Amending the Criminal Procedure Act is necessary to enable the seizure of self-custodied virtual assets, Digital Asset reported, citing a legislative proposal from a working-level official at South Korea’s National Tax Service. According to the outlet, Jang Hee-won, a team leader at the National Tax Service, and three other authors said in a paper published in June that existing legal interpretations of Article 120 of the Criminal Procedure Act, which defines the execution and disposition of search and seizure warrants, may prevent self-custodied digital assets from being properly seized if applied without change. They argued that when a suspect or owner holds access tools such as a private key, a warrant should specify the type and amount of digital assets to be seized, the confirmed address, the receiving address, the transfer method, and the custody method after transfer. They also proposed transferring the assets to an address jointly managed by the court and investigative authorities, rather than to a wallet controlled by a single agency, citing theft and other risks.

Stablecoin supply on Solana excluding USDC and USDT reached a record $4.81 billion, according to SolanaFloor. USD1, with $1.02 billion, and USDG0, with $1.0 billion, led the increase in supply.

Circle President Heath Tarbert has sold $30.77 million worth of CRCL stock since June last year, Wu Blockchain reported, citing filings with the U.S. SEC. The sales were carried out in 10 open-market transactions, and there are no disclosed open-market purchases. Tarbert currently holds about 503,000 shares.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,953.27 on the Binance USDT market.

U.S. spot Bitcoin ETFs posted net inflows for a second straight week, but the amounts remain too small to view as a recovery in institutional demand, CoinDesk reported. According to SoSoValue data, spot BTC ETFs drew $75.67 million last week and $197.4 million a week earlier. That followed eight straight weeks of net outflows totaling more than $8 billion. CoinDesk said the combined net inflows over the past two weeks were only slightly above the smallest weekly net outflow recorded during the previous eight-week stretch, which was $226.84 million. Until weekly net inflows consistently outpace the scale of recent outflows, claims that institutional capital has meaningfully returned to BTC are closer to expectation than data-backed evidence, CoinDesk said. Separately, digital asset research firm BRN said ETF flows should be watched first, adding that a net inflow trend would need to persist for several weeks before it could be seen as a signal of structural re-entry by institutional capital.

Among eight CoinNess-affiliated chart masters, one projected a decline in Bitcoin's price direction this week, while seven expected gains. Their target prices range from a high of $70,000 to a low of $61,000. Vote through the link for the price direction and target outlook closest to your own view. We will give coffee coupons to 100 winners selected by lottery.

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: 49.55% long, 50.45% short - Binance: 49.12% long, 50.88% short - OKX: 49.52% long, 50.48% short - Bybit: 49.59% long, 50.41% short

Pump.fun, a Solana-based memecoin issuance platform, generated about $893,000 in fee revenue over the past 24 hours, surpassing Tron and Hyperliquid, according to SolanaFloor on X. Data shared by SolanaFloor showed Pump.fun recorded the largest revenue at about $893,000, followed by Tron at about $664,000, Hyperliquid at about $607,000, and Grayscale at about $480,000.

Spot trading volume on decentralized exchanges totaled $136 billion in June, marking the lowest monthly level since April 2025, Unfolded reported, citing Artemis data.

Hyperliquid (HYPE) said on its Telegram channel it plans to expand HIP-4 prediction market creation rights to general users through a future network upgrade. The feature will first be tested on the testnet before being rolled out to the mainnet. Creators will be able to open markets based on templates set through validator voting, and creating a market will require staking 500,000 HYPE. Staked tokens may be slashed following a validator vote if a market is designed ambiguously, settled differently from the template standards, or left unresolved for more than one week despite requiring settlement. The details may still change as feedback is collected.

Aurora, a NEAR-based EVM scalability network, has completed its recovery and is now processing transactions normally, according to Onchain Lens. Earlier, Onchain Lens said Aurora’s mainnet had gone down today at 2:16 a.m. UTC.