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U.S. Central Command (CENTCOM) announced it has conducted additional airstrikes against Iran.

Shares of American Bitcoin (ABTC), a cryptocurrency mining company supported by the Trump family, have plummeted 95% from their peak, Bloomberg reported. The company was founded on the simple idea that it could profit sufficiently just by holding and mining BTC. However, it has fallen into a severe downturn as BTC entered a bear market and a surge in demand for artificial intelligence (AI) led investors to favor mining companies that could convert their existing infrastructure into AI-focused data centers. Bloomberg noted that over the past 10 months, the market value of the stake held by Eric Trump has evaporated by more than $600 million. The company also conducted a 15-for-1 reverse stock split to maintain its Nasdaq listing, with its shares hitting an all-time low. This trend illustrates how quickly investors have turned away from pure-play cryptocurrency businesses, the report added. Success now depends not on who mines the most BTC, but on how flexibly a company can monetize its power, land, and computing infrastructure. For the Trump family, American Bitcoin's struggles exemplify the high volatility of crypto investments. While President Trump reported at least $1.4 billion in cryptocurrency profits last year in a financial disclosure, many retail investors have suffered losses as Trump-related tokens and American Bitcoin's stock have plunged.

Four key metrics related to Bitcoin's long-term holders have all reached all-time highs, according to Alex Thorn, head of research at Galaxy Digital. In a post on X, Thorn noted that the supply of Bitcoin that has not moved in over 10 years has reached 17.7% of the total. Additionally, the long-term holder supply now stands at 16.75 million BTC, with a realized capitalization of $836.4 billion and a realized price of $50,000. A long-term holder is defined as an address that has held coins for 155 days or more.

Prediction markets have attracted the largest average investment per funding round from cryptocurrency venture capital (VC) firms this year, with an average deal size of $118 million, according to data from CryptoRank. The sector was followed by exchanges ($76.2 million), blockchain ($47.8 million), and compliance ($29.4 million).

The Korea Exchange has activated a sell-side sidecar after the Kospi index fell by more than 5%.

BlackRock's tokenized assets have reached a total value of $2.93 billion, with $1.1 billion of that amount based on Ethereum (ETH), according to a post on X by Cointelegraph. Other leading networks by tokenized asset value include Avalanche (AVAX), Solana (SOL), and BNB Chain.

An anonymous whale address starting with 0x4555 that specializes in ETH/BTC trading has entered a 13,708 ETH ($25 million) short position following a recent rally in Ethereum, EmberCN reported. The position's average entry price is 0.02855 BTC. The same address has previously accumulated profits of 6,475 ETH ($11.78 million) from its ETH/BTC trades. The ETH/BTC ratio, which represents the price of one ETH in BTC and is used to gauge Ethereum's strength relative to Bitcoin, is currently trading at 0.028519 BTC.

A hacker who compromised the X accounts of SpaceX and Starlink earned approximately $135,000 by promoting a memecoin they created called SCATMAN. According to Lookonchain, the hacker minted 10 trillion SCATMAN tokens and sold the entire supply to purchase 59 ETH, worth $108,000. From a separate wallet, the hacker also sold 59.28 million SCATMAN for an additional 14.7 ETH, valued at $27,000.

Investor sentiment for Ethereum (ETH) is improving following the launch of Robinhood Chain, Cointelegraph reported. According to the report, approximately $141 million worth of ETH has flowed into the new chain, which uses the token for gas fees. Its 24-hour decentralized exchange (DEX) trading volume has reached $877.56 million, surpassing both the Ethereum mainnet and Base, while the number of wallets holding ETH on the network has exceeded 500,000. The development is causing some former bears to reconsider their stance. Previously, a common criticism was that Layer 2 fee revenue did not benefit the mainnet. Influencer Ansem stated that LIT and the Robinhood L2 represent the best bullish scenarios for ETH in a long time. Additionally, Leon Waidmann, head of research at Lisk (LSK), argued that ETH is undervalued, noting its Total Value Locked (TVL) of $260 billion has surpassed its market capitalization of $210 billion. He added that its current valuation is lower than during the 2022 bear market. Meanwhile, data from RWA.xyz shows that Ethereum accounts for 47% of the real-world asset (RWA) tokenization market.

CoinMarketCap's Altcoin Season Index is currently at 53. The index compares the performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, against Bitcoin over the past 90 days. An 'altcoin season' is declared when 75% of these top altcoins outperform Bitcoin during that period, with a score closer to 100 indicating a stronger trend.

The market capitalization of Bitcoin-accumulating companies has dropped by over $100 billion since last October, and these firms largely bought near market highs, according to crypto analyst Darkfost on X. He explained that while the value of their crypto holdings fell from $396 billion to $272 billion, their BTC holdings increased from 953,000 to 1.14 million during the same period. However, as Bitcoin's price has declined since May, the pace of their accumulation has slowed sharply. Darkfost noted that the most active accumulation period for these companies was between November 2014 and October 2015, when BTC was trading in the $75,000 to $125,000 range, during which their holdings more than tripled. "Since these companies bought at the highs, whether they will sell at the lows, like Strategy (MSTR), is now a key point of interest for the market," he added.

According to data from Tokenomist, the major token unlocks scheduled for this week (July 13–19) are as follows: - CONX: 1.32 million tokens ($28.67 million), representing 1.45% of circulating supply, at 12:00 a.m. UTC on July 15 - STRK: 130 million tokens ($3.93 million), representing 3.74% of circulating supply, at 12:00 a.m. UTC on July 15 - ARB: 92.65 million tokens ($8.53 million), representing 1.65% of circulating supply, at 1:00 p.m. UTC on July 16 - DBR: 620 million tokens ($10.13 million), representing 11.43% of circulating supply, at 12:00 a.m. UTC on July 17 - YZY: 20.83 million tokens ($6.13 million), representing 4.10% of circulating supply, at 3:00 a.m. UTC on July 17

Japanese convenience store chain Lawson will begin a pilot program for payments using the yen-based stablecoin "JPYC," Financial News reported, citing Japanese media outlet Nikkei. The experiment is set to launch in early August at the Takanawa Gateway City store in Minato-ku, Tokyo. Lawson is collaborating with digital asset wallet company HashPort to enable consumers to pay for goods via a smartphone e-wallet. According to Lawson, this marks the first stablecoin payment trial in Japan to be integrated with a point-of-sale (POS) system.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, and the bottom shows the Cumulative Volume Delta (CVD). - The Volume Heatmap at the top tracks trading volume at specific price levels. The background brightens in areas where the price lingers or moves significantly, indicating potential support or resistance zones. - 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 follows large orders between $1 million and $10 million.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap is currently at 31, indicating a continued state of fear in the market. The index measures sentiment on a scale where 0 represents extreme fear and 100 signifies extreme optimism. CoinMarketCap's index is calculated using various metrics, including the price movements of the top 10 cryptocurrencies by market cap, market volatility, derivatives data like put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

The key global macroeconomic events for the third week of July are as follows: - July 14: U.S. ADP Weekly Employment Change report (12:15 p.m. UTC), U.S. June Consumer Price Index (CPI) (12:30 p.m. UTC) - July 15: U.S. June Producer Price Index (PPI) (12:30 p.m. UTC), Fed Beige Book release (6:00 p.m. UTC) - July 16: South Korea's June interest rate decision (1:00 a.m. UTC), U.S. jobless claims (12:30 p.m. UTC)

The Bitcoin Policy Institute (BPI) has intervened as a defendant in a U.S. lawsuit over the ownership of long-dormant BTC wallets, according to a post on X by Alex Thorn, head of research at Galaxy Digital. The plaintiff, Noah Doe, is asserting ownership of the assets, arguing that the holdings of Bitcoin founder Satoshi Nakamoto qualify as "abandoned property." The BPI is asking the court to dismiss the lawsuit. The institute stressed that if the plaintiff's argument is accepted in court, it could set a precedent for stripping self-custody users of their ownership, potentially shaking the entire ecosystem.

The price of Ethereum (ETH) has fallen after Eric Trump, son of U.S. President Donald Trump, commented on its strong performance. Around 10:00 p.m. UTC on July 11, Eric Trump posted on X, stating that ETH was rising incredibly and that cryptocurrency is the future. He attached an ETH/BTC price chart at a time when ETH was trading around $1,820. Following the post, ETH dropped to approximately $1,780 around 12:00 a.m. UTC on July 12. While the price has since rebounded, it has not recovered to its pre-post level. According to CoinMarketCap, ETH is trading at $1,804.17, down 0.39% over the past 24 hours.

The Bitcoin-to-gold price ratio has entered a historically oversold territory, according to an analysis by BeInCrypto. The outlet noted that the ratio is at its most oversold level since 2010 and is currently below its four-year average of -1.42. Bitcoin is also trading below its Power Law model trendline. BeInCrypto highlighted that in the past, after the ratio reached this level, Bitcoin once rallied by approximately 660%. On average, BTC has seen a rally of about 160% once the oversold condition resolved.

Crypto companies are postponing their plans for Nasdaq initial public offerings (IPOs) due to the market downturn, according to Christian Lopez, head of the blockchain and crypto division at investment bank Cohen & Company Capital Markets. In an interview with CoinDesk, Lopez explained that a significant amount of capital has left the crypto market since the massive liquidations last October, and retail investors have shifted their focus to AI and large tech stocks. He noted that while the industry had hoped for a boom this year following the listings of Circle (CRCL) and Bullish (BLSH), the poor performance of BitGo (BTGO) has cooled enthusiasm. Lopez stated that Kraken's parent company Payward, Consensys, Ledger, and Grayscale have delayed their listing plans, with only Blockchain.com and FalconX still moving forward with the process. He added that the main obstacle to listing is now the amount of capital that can be raised, rather than the regulatory situation. Lopez also projected that, based on market cycle theory, Bitcoin is expected to bottom out this October before recovering. He concluded that, separate from market conditions, major institutions are continuing to adopt blockchain technology.

On-chain analyst ZachXBT reported that addresses linked to the LAB team deposited 18.4 million LAB, worth $18.3 million, to the decentralized exchange Aster and sold the tokens, causing an additional 50% price drop. He explained on July 12 that addresses presumed to belong to the team began depositing their holdings into three Aster addresses and still hold 81.5 million LAB. These addresses had previously received 196 million LAB from the team in April before depositing them to a Bitget address, ZachXBT added. ZachXBT has been one of the figures consistently raising allegations of price manipulation against LAB. According to CoinMarketCap, the token was trading around $17 on July 6 but has since fallen over 95% to its current price of $0.4098.

A Bitcoin whale address (starting with 346myux) that had been dormant for seven years has transferred 2,931 BTC ($188 million) to a new address (starting with bc1qnzka), according to Onchain Lens. The address stands to realize a profit of approximately 10 times its initial investment if these holdings are sold.

Thailand is set to require individuals depositing over 5 million baht ($150,000) in cash to verify the source of their funds and will also crack down on large-scale stablecoin transactions, local media outlet The Nation Thailand reported. The move against stablecoins is driven by concerns that they are being used to bypass domestic remittance channels and for money laundering. Thai authorities are currently inspecting major stablecoins.

The emergence of the Robinhood Chain is a positive development for Ethereum (ETH), according to Tom Lee, Chairman of Bitmine (BMNR). The chain is a Layer 2 public network based on Arbitrum (ARB), launched by the U.S. stock and crypto trading app Robinhood (HOOD). Lee explained that the Robinhood Chain uses ETH for gas fee payments and denominates its transaction fees in the cryptocurrency. In this capacity, he stressed, ETH is functioning as money.

Bitcoin is approaching the $58,000 lower support line of its Power Law model, which represents a good long-term buying opportunity, according to an analysis by Fidelity. Jurrien Timmer, the firm's director of global macro, explained that this lower band has historically been an accumulation zone where major bottoms were formed. He noted the current price is 56% below the median trend line, a deviation similar to those seen in 2018 and 2022. However, Timmer cautioned that the speculative momentum that drove BTC above $120,000 last year has dissipated. With global monetary supply growth slowing, he sees a lack of liquidity catalysts to fuel a rebound. Timmer suggested that BTC could consolidate near this support level for several months rather than bouncing back quickly, adding that short-term speculative funds have rotated from BTC to gold and subsequently to semiconductor stocks.