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Project Overview
Bitfinex is a cryptocurrency exchange founded in 2012. It provides advanced trading features, charting tools, access to peer-to-peer (P2P) financing, an OTC market, and margin trading for a wide selection of digital assets and derivatives trading. Bitfinex's strategy focuses on delivering the best crypto trading experience for professional traders and liquidity providers worldwide through cutting-edge technology.
Argentine judge orders freeze on wallets linked to Libra, involving $8.2 million in funds
Argentine Federal Judge Marcelo Martinez ordered the identification and freezing of a group of wallets linked to Libra, after the Federal Police Cybercrime Technical Department tracked the flow of related funds across multiple crypto networks since May. The investigation involves 8 wallets labeled "Libra team," which are directly connected to the token issuance.The report shows that 4 of these wallets had funneled nearly $57 million to an address, which was previously frozen and then unfrozen by the U.S. District Court for the Southern District of New York. On May 10, related funds were transferred to a Tron address via an interoperability protocol, with the amount close to $500,000. At least 10 out of 17 transactions passed through Binance, while another 8 wallets are associated with Bybit, 2 with OKX, and 2 with Bitfinex. Some users involved in the $8.2 million in funds could potentially be identified through the KYC rules of centralized exchanges. The remaining funds are currently managed by Libra Trust, which plans to distribute them as grants to Argentine companies by November. There are already 71 applications pending approval.
Bitcoin Falls Below $65,000: Fed Meeting Looms, Structural Concerns Over Strategy and Leverage Risks Converge
Bitcoin continues to face pressure amid macroeconomic uncertainty and institutional wait-and-see sentiment, hovering around $64,500, down approximately 2% on the day. The market is awaiting the outcome of the Fed FOMC meeting, which will be chaired by Kevin Warsh for the first time, with widespread expectations that interest rates will remain unchanged in the 3.50%–3.75% range.Analysts point out that the focus of this meeting has shifted from "whether to cut rates" to "policy path and inflation signals." Current US inflation is believed to remain near three-year highs, with energy prices and geopolitical developments keeping the market cautious about the future policy direction.Pressure is also emerging simultaneously on the chain and institutional levels. Structural concerns surrounding Strategy (formerly MicroStrategy) continue to escalate, with its preferred stock STRC falling to $91.79 on June 16, over 8% below its $100 par value, seen as a sign of weakening corporate Bitcoin buying power.Although spot Bitcoin ETFs recorded net inflows of approximately $10.1 million on June 16, with BlackRock's IBIT contributing the majority, the capital scale remains significantly lower than in previous periods, indicating limited buying momentum.Market research firms Bitfinex and QCP note that the recent Bitcoin rebound appears more like a "technical recovery driven by exhausted selling pressure" rather than being fueled by new demand. In the derivatives market, rising implied volatility in options and a skew towards put protection suggest traders are pricing in tail risks.In terms of price structure, Bitcoin is considered to be oscillating in the short term within the $60,000 to $68,000 range. If the Fed signals a hawkish stance or institutional buying weakens further, a pullback to the $62,000–$63,000 range is possible.Overall, the current market presents a combination of "macro wait-and-see, marginal institutional weakening, and heightened derivatives defense." The short-term direction still depends on FOMC policy signals and the potential return of ETF and corporate capital flows. (The Block)
Analysis: On-chain data sends bearish signals, Bitcoin rebound faces sustained selling pressure
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio
Bitfinex Receives Digital Asset Service Provider License from El Salvador
According to Cointelegraph, Bitfinex has obtained a digital asset service provider license in El Salvador, expanding its regulated business footprint in Latin America.
Bitfinex Receives Digital Asset Service License in El Salvador
Bitfinex has announced it has obtained a Digital Asset Service Provider (DASP) license in El Salvador, further expanding its compliant business footprint in Latin America and completing full regulatory coverage for its business lines in the country.Following this approval, Bitfinex's core spot trading platform has been brought under El Salvador's regulatory framework, forming a complete compliance structure alongside the previously licensed Bitfinex Securities and Bitfinex Derivatives, covering spot trading, derivatives, and tokenized securities businesses.
Analysis: This BTC rebound is driven by “liquidity” rather than a fundamental strengthening of the trend.
According to The Block, Bitcoin rose approximately 6% this week, briefly reaching $76,300—the highest level in nearly two months—yet the Crypto Fear & Greed Index remains at 21 (“Extreme Fear”). Multiple institutional analysts characterize this rally as “liquidity-driven” rather than a structural strengthening. Glassnode notes that while spot demand and ETF inflows have improved, the recovery lacks depth, institutional participation remains cautious, and options market positioning continues to favor downside protection. Bitfinex attributes this price increase primarily to concentrated buying by “Strategists” (who purchased 13,927 BTC last week), rather than an organic rebound in demand. Analysts broadly view $75,000 as a critical support level; if structural buying wanes and this level fails to hold, prices could retreat to the $70,000–$71,000 range. On the macro front, the Federal Reserve’s policy trajectory and the June FOMC meeting are seen as the next key risk catalysts.
Abraxas Capital Transfers $18 Million Worth of Assets to CEX
据 Onchain Lens 监测，Abraxas Capital 已向中心化交易所转入总价值约 1800 万美元的资产。其中，向币安转入 1000 万枚 USDT 及 1000 枚 XAUt，合计约 1400 万美元；另向 Bitfinex 转入 1000 枚 XAUt，价值约 400 万美元。
Abraxas Capital Transfers $14 Million in Assets to Binance and Bitfinex
Odaily News: According to Onchain Lens monitoring, Abraxas Capital transferred $14 million worth of assets to Binance and Bitfinex. Among them, 10 million USDT and 500 XAUT (approximately $2 million) were transferred to Binance, while 500 XAUT (approximately $2 million) were transferred to Bitfinex.
Argentine judge orders freeze on wallets linked to Libra, involving $8.2 million in funds
Argentine Federal Judge Marcelo Martinez ordered the identification and freezing of a group of wallets linked to Libra, after the Federal Police Cybercrime Technical Department tracked the flow of related funds across multiple crypto networks since May. The investigation involves 8 wallets labeled "Libra team," which are directly connected to the token issuance.The report shows that 4 of these wallets had funneled nearly $57 million to an address, which was previously frozen and then unfrozen by the U.S. District Court for the Southern District of New York. On May 10, related funds were transferred to a Tron address via an interoperability protocol, with the amount close to $500,000. At least 10 out of 17 transactions passed through Binance, while another 8 wallets are associated with Bybit, 2 with OKX, and 2 with Bitfinex. Some users involved in the $8.2 million in funds could potentially be identified through the KYC rules of centralized exchanges. The remaining funds are currently managed by Libra Trust, which plans to distribute them as grants to Argentine companies by November. There are already 71 applications pending approval.
US Government Transfers 296,700 USDT to Coinbase Prime
The U.S. government has just transferred seized funds related to the Bitfinex hack case, with 296,710 USDT moved to Coinbase Prime, possibly for OTC sale.
Tether reserve address deposits 4 BTC to Binance for testing, and transferred 204.3 BTC to Bitfinex a month ago
Odaily Odaily报道 据链上分析师余烬监测，Tether reserve address, which uses 15% of its quarterly profits to purchase BTC, deposited 4 BTC (worth $250,000) to Binance for testing 5 hours ago. A month ago, this address transferred 204.3 BTC (worth $14.36 million) to Bitfinex when the BTC price was $70,000. Yu Jin stated that it is unclear whether the address has sold the BTC, but it had previously transferred the BTC purchased in the quarter to the chain on the last day of each quarter. More than ten days after the end of Q2 this year, no BTC has yet been seen withdrawn to the reserve address.
Bitfinex 报告：BTC 或已接近阶段性底部，Strategy 卖出未引发市场过度恐慌
Bitfinex Alpha 最新报告指出，Strategy 近期进行了首次大规模比特币出售，但市场表现出较强韧性，并未出现明显抛售压力，7 月走势目前保持积极。现阶段约 1083 万枚 BTC 处于未实现亏损状态，而约 922 万枚 BTC 仍保持盈利，市场尚无法完全判断投资者是否已经消化近期资金流变化，但现货交易量并未完全反映此前大规模资金流出的影响，因此可能接近熊市底部形成阶段。 随着 ETF 资产配置变化以及资金流重新转正，7 月比特币市场可能迎来新的变量。随着长期持有者及部分巨鲸重新积累，比特币正在从低信念持有者向更高信念投资者转移，未来 2至 3 个月可能成为确认阶段性底部的重要窗口。
US Government Transfers 296,700 USDT to Coinbase Prime
The U.S. government has just transferred seized funds related to the Bitfinex hack case, with 296,710 USDT moved to Coinbase Prime, possibly for OTC sale.
The U.S. government transferred Bitcoin worth $606,470 to Coinbase Prime.
Arkham monitoring shows that a U.S. government address has just transferred $606,470 worth of Bitcoin to Coinbase Prime. This Bitcoin was previously seized by the U.S. government from Ilya Lichtenstein, the Bitfinex hacker. It remains unclear whether this batch of stolen Bitcoin will be sold on Coinbase.
The U.S. government deposited 8.2 BTC into Coinbase Prime, valued at approximately $606,000.
According to on-chain analytics platform Lookonchain (@lookonchain), the U.S. government deposited 8.2 BTC (approximately $606,000) into Coinbase Prime; these funds originated from assets previously seized in connection with the Bitfinex hack.
Goldman Sachs: LEO Satellite Deployment Accelerating, Over 300,000 in Orbit by 2031
According to TechFlow Research, Goldman Sachs' July 8 Global LEO Satellite Report shows that the number of LEO satellites in orbit reached 10,000 in 2025, is expected to reach 24,000 in 2028, 305,000 in 2031, and could reach 396,000 under the blue sky scenario. SpaceX, Amazon, and others are accelerating deployment; Amazon has received FCC approval to add 4,500 satellites. China's three major constellations, GW/G60/Honghu, plan for over 35,000 satellites. Among the targets covered by Goldman Sachs, US stocks SpaceX, Amazon, Boeing, and Kratos benefit; A-share Tongyu Communication received a buy rating with a target price of 79 yuan; HK-stock ZTE is a core supplier of ground equipment, with about 70,000 satellites awaiting launch in the next five years.
“New Stock God” Serenity: Sivers Secures $8.2M Order and Enters Aerospace & Defense Supply Chain
Serenity stated that Sivers announced an order totaling $8.2 million for the delivery of products related to space applications, including beamforming ICs supporting LEO and multi-orbit satellite communications.
Related news
Abraxas Capital Transfers $18 Million Worth of Assets to CEX
据 Onchain Lens 监测，Abraxas Capital 已向中心化交易所转入总价值约 1800 万美元的资产。其中，向币安转入 1000 万枚 USDT 及 1000 枚 XAUt，合计约 1400 万美元；另向 Bitfinex 转入 1000 枚 XAUt，价值约 400 万美元。
Abraxas Capital Transfers $14 Million in Assets to Binance and Bitfinex
Odaily News: According to Onchain Lens monitoring, Abraxas Capital transferred $14 million worth of assets to Binance and Bitfinex. Among them, 10 million USDT and 500 XAUT (approximately $2 million) were transferred to Binance, while 500 XAUT (approximately $2 million) were transferred to Bitfinex.
Abraxas Capital accumulated another 12,477 ETH in the past 3 hours, worth approximately $22.88 million
According to Lookonchain monitoring, Abraxas Capital has increased its holdings by another 12,477 ETH in the past 3 hours, worth approximately $22.88 million. Over the past week, the institution has cumulatively withdrawn 45,996 ETH from Binance, Bybit, and Bitfinex, with a total value of approximately $84.39 million.
Argentine judge orders freeze on wallets linked to Libra, involving $8.2 million in funds
Argentine Federal Judge Marcelo Martinez ordered the identification and freezing of a group of wallets linked to Libra, after the Federal Police Cybercrime Technical Department tracked the flow of related funds across multiple crypto networks since May. The investigation involves 8 wallets labeled "Libra team," which are directly connected to the token issuance.The report shows that 4 of these wallets had funneled nearly $57 million to an address, which was previously frozen and then unfrozen by the U.S. District Court for the Southern District of New York. On May 10, related funds were transferred to a Tron address via an interoperability protocol, with the amount close to $500,000. At least 10 out of 17 transactions passed through Binance, while another 8 wallets are associated with Bybit, 2 with OKX, and 2 with Bitfinex. Some users involved in the $8.2 million in funds could potentially be identified through the KYC rules of centralized exchanges. The remaining funds are currently managed by Libra Trust, which plans to distribute them as grants to Argentine companies by November. There are already 71 applications pending approval.
US Government Transfers 296,700 USDT to Coinbase Prime
The U.S. government has just transferred seized funds related to the Bitfinex hack case, with 296,710 USDT moved to Coinbase Prime, possibly for OTC sale.
K3Capital and Abraxas Capital Withdraw 16,948 ETH from Binance, Worth $30.27 Million
according to Lookonchain monitoring, one hour ago, a wallet associated with K3Capital withdrew 10,000 ETH, valued at $17.85 million, from Binance. Abraxas Capital also withdrew 6,948 ETH, valued at $12.42 million, from Binance and Bitfinex.