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An address associated with fees from the memecoin trading platform GMGN has deposited 3,000 BNB, worth $2.04 million, to the exchange Pionex, according to on-chain analyst ai_9684xtpa. The wallet currently holds $12.45 million in assets, including BNB, ETH, and USDC.

The Uniswap (UNI) API has announced support for payment flows. Developers can now specify a recipient address when requesting a quote, enabling assets to be sent directly to a designated address upon completion of a swap. This feature supports a variety of on-chain payments, including checkout payments, disbursements, and cross-asset transfers.

Monad (MON) has announced its support for the stablecoin startup Rain Card. The card is usable at any Visa-affiliated merchant and supports payments in more than 150 countries globally. This will allow users to spend Monad-based stablecoins directly for payments using cards issued by Rain's partners.

Decentralized exchange protocol Legend announced via X that it will cease business operations and shut down its service on July 12. New user registrations have been halted, and existing users must withdraw all their funds before the app shuts down on July 12.

Whale Alert reported that 250 million USDC has been minted at the USDC Treasury.

DeFi protocol Avant has announced it is postponing its Token Generation Event (TGE) to mid-September. The protocol cited significant pressure on DeFi tokens and the impact of hacks on various protocols in recent months, stating that the current market environment is not sufficiently supportive of a TGE.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $58.02 million liquidated (77.04% longs) - ETH: $56.52 million liquidated (86.61% longs) - SOL: $10.46 million liquidated (85.18% longs)

The Pendle (PENDLE) team deposited 600,000 PENDLE, valued at $1.27 million, to Binance about 10 minutes ago, according to Onchain Lens. Such a move is often interpreted as an intention to sell.

Injective-based USDC is set to be adopted as the core stablecoin standard for the Cosmos ecosystem and dYdX. With Cosmos core infrastructure provider Skip:Go also adopting Injective USDC as its base settlement unit, the move is expected to consolidate liquidity across the ecosystem.

According to Eleanor Terrett, host of Crypto in America, U.S. Senator Jack Reed has submitted an amendment that would prohibit the use of cryptocurrency for payments such as taxes. Meanwhile, Senator Elizabeth Warren has also submitted over 40 crypto-related amendments, one of which would bar the Federal Reserve from issuing master accounts to crypto firms.

Sota Watanabe, founder of the Japan-based public blockchain project Astar Network (ASTR), announced on X that he plans to launch "JPYSC," the first bank-issued yen stablecoin, within the next few months. He added that if this model is realized, it will create a new investment structure that combines yen-based financing with a tokenized financial infrastructure.

The largest ETH whale on Hyperliquid has added a 9,000 ETH long position, AmberCN reported. The whale now holds a long position of 108,000 ETH, valued at $245 million. The position's average entry price is around $2,271.

A Russian court has sentenced Vladimir Smerkis, the former head of Binance Russia, to five years in prison on fraud charges, Bits.media reported. Smerkis led Binance's operations in Russia and the Commonwealth of Independent States (CIS) from early 2022 to September 2023, after which he launched the Telegram-based clicker mini-game Blum. According to Russian prosecutors, Smerkis accepted approximately $110,000 from a crypto blogger for promotional services but failed to deliver the promised advertising, instead using the funds for personal expenses.

Erik Voorhees, an early Bitcoin supporter and founder of crypto exchange Shapeshift, purchased an additional 494 ETH worth approximately $1.12 million nine hours ago, Lookonchain reported. The address now holds a total of 127,716 ETH.

According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,092.53 on the Binance USDT market.

Aave (AAVE) announced it has completed the first phase of the technical recovery for rsETH. This work included burning the rsETH held by the hacker on Arbitrum (ARB). The project plans to gradually supply liquidity to the LayerZero (ZRO) OFT adapter and sequentially resume rsETH services. The move follows Aave's previously announced follow-up measures in response to the rsETH hacking incident at KelpDAO.

An anonymous wallet has purchased 2,750 ETH, worth $5.81 million, after being dormant for a year, according to Lookonchain.

CoinMarketCap's Altcoin Season Index has fallen one point from the previous day to 48. The index determines whether Bitcoin or altcoins are outperforming the market. An 'altcoin season' is declared when 75% of the top 100 cryptocurrencies by market cap, excluding stablecoins and wrapped tokens, perform better than Bitcoin over a 90-day period. A score closer to 100 indicates conditions are favorable for an altcoin season.

Matt Hougan, Chief Investment Officer (CIO) at Bitwise, has analyzed a surge in demand from institutional investors for privacy-focused cryptocurrency infrastructure, CoinDesk reported, citing a blog post by the executive. He noted that projects like Circle's (CRCL) Layer 1 chain Arc, Canton (CC), and Tempo have collectively raised over $1 billion. Hougan attributed this trend to several factors: the need to meet U.S. regulatory requirements, growing demand for privacy blockchains, and intensifying competition among enterprise-focused crypto networks. While existing blockchains struggle to balance speed, cost, and security, institutions are seeking chains that are fast, cheap, privacy-preserving, and compliant, he explained. "Privacy could become the crypto industry's 'killer app,'" Hougan argued, because institutions are uncomfortable with having all their transaction details publicly visible.

Digital asset infrastructure company BDACS has signed a Memorandum of Understanding (MOU) with Layer 1 blockchain Aptos (APT) to expand the ecosystem and infrastructure for the KRW stablecoin "KRW1," Yonhap News reported. The two companies plan to increase real-world use cases for KRW1 by leveraging the domestic and international payment and partnership networks established by Aptos.

The following is an analysis of the BTC/USDT spot pair order book using the Spot Cumulative Volume Delta (CVD) chart. The top section shows a volume heatmap, while the bottom displays the CVD. - The volume heatmap at the top tracks trading volume at specific price levels. The background color brightens when the price consolidates or moves significantly, with these brighter areas indicating potential support and resistance. - The Cumulative Volume Delta (CVD) indicator at the bottom shows buy and sell orders categorized by size. A rising line indicates an increase in buy orders for that category. For example, the yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

The Crypto Fear & Greed Index, calculated by data provider CoinMarketCap, has fallen three points from yesterday to 49, maintaining its neutral status. The index measures market sentiment on a scale from 0 (extreme fear) to 100 (extreme optimism). It is calculated based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap's proprietary search data.

An anonymous whale, address 0x4E53, purchased an additional 151,000 HYPE worth $6.09 million two hours ago and staked the tokens, Lookonchain reported. Over the past week, this whale has acquired and staked a total of 500,998 HYPE.

According to Santiment, the number of wallets on the XRP Ledger holding at least 10,000 XRP has reached an all-time high of 332,230. This figure has been steadily increasing since June 2024.

The Hyperliquid (THYP) ETF from 21Shares recorded approximately $1.8 million in trading volume on its first day. Bloomberg ETF analyst James Seyffart noted that while this is a decent level for a typical new ETF launch, it does not represent an explosive success. Meanwhile, the industry is watching for the possibility that Bitwise could be the next to launch a Hyperliquid ETF.