News linked to both this project and an event.
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
It is reported that Phase 6 of the Bybit Dual Investment Bi-weekly Challenge, featuring new reward mechanisms, will launch at 6 PM on July 27, and the event will last for two weeks. After registering for the event, users can trade Bybit Wealth Dual Investment products to compete for the Dual Investment trading leaderboard and win exciting rewards. Participants whose trading volume breaks the "Whale Threshold" can trigger "Critical Hit Rewards," with up to 2,500 USDT available. The top 10 exceeding the critical hit threshold can receive an 80 USDT surprise bonus for every 1M USDT. The top 100 can share 12,000 USDT, and new users also enjoy exclusive rewards worth 100 USDT in Dual Investment trial funds.
Goldman Sachs raised SanDisk's price target from $1,200 to $2,200 and reiterated its "Buy" rating
According to a post by Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, metrics related to Bitcoin long-term holders have all reached all-time highs: Supply held for ≥10 years accounts for 17.7% Long-term holder holdings reach 16.75 million coins Long-term holder Realized Market Cap reaches $836.4 billion Long-term holder average cost basis reaches $50,000 The above data indicates that a large amount of holdings are firmly locked by long-term holders; even though the average price has reached $50,000, they refuse to sell. The market's actual circulating supply continues to tighten, and long-term holder behavior is building solid bottom support for Bitcoin prices.
Bitcoin and ether balances on centralized exchanges have fallen to multi-year lows. Analysts indicate that as a large amount of crypto assets have shifted to institutional custody, ETFs, DeFi protocols, and other on-chain uses, the reliability of this metric as a price signal has declined. At the same time, an increasing amount of Bitcoin and ether is being locked up by companies seeking long-term price appreciation. (CoinDesk).
It is reported that the Bybit Dual Investment Two-Week Challenge went live at 8 PM on July 7, and the event will last for two weeks. After registering and participating, users who trade Bybit Wealth Dual Investment products can compete for the Dual Investment trading leaderboard to win desired rewards. The top 100 users who meet the base trading volume threshold can share 12,540 USDT. Exceeding the "Whale Threshold" trading volume can trigger higher "Critical Hit Rewards," up to 2,500 USDT, and the base reward for the first place will be doubled. New users additionally enjoy an exclusive reward of 100 USDT in Dual Investment trial funds.
Odaily reports, according to DefiLlama data, Binance saw a net outflow of $1.23 billion in the week starting June 29, a 207% increase from approximately $400 million the previous week. The total monthly net outflow stands at about $3.2 billion. CryptoQuant indicates that Binance's single-day ETH withdrawal transactions exceeded 166,000, marking the highest level in over three years. Over the same period, ETH rose approximately 12.5% in the past seven days, trading at $1,766 at press time; BTC gained 4.3% in the same period, trading at $62,925 at press time.DefiLlama data shows that Bitfinex recorded an outflow of $407.5 million over the past week, Gate saw $214.3 million in outflows, OKX had $87.1 million, and Bybit saw $78.4 million. Meanwhile, Crypto.com and HashKey Exchange posted net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo recorded net inflows of $22.1 million, $17.4 million, and $15.8 million. (Cointelegraph).
ETF analyst Dave Nadig issued a warning that current total assets of leveraged ETFs have reached a record high. With large amounts of capital continuing to pour into the leveraged single-stock product sector, the larger the capital scale, the more significant the pro-cyclical trading effect will become, potentially further amplifying the magnitude of price gains and losses during market volatility. Potential systemic risks warrant close attention.
CryptoQuant analyst Darkfost stated on platform X that during this correction, large investors holding more than 1 Bitcoin are taking advantage of the price decline to increase their positions. Their total BTC holdings have reached a new all-time high, exceeding 16.8 million coins, indicating that long-term allocation demand continues to strengthen and further reflecting the institutionalization trend of Bitcoin as an asset.Data shows that the holdings of this type of investor have continued to rise, suggesting that market participants are more inclined towards asset allocation from a long-term perspective rather than short-term trading.At the retail level, analysis indicates signs of re-accumulation are emerging, but the overall sentiment remains cautious. Current retail holdings are approximately 1.7 million BTC, still below the all-time high recorded in December 2023. Some retail investors chose to take profits during the previous price rally, while others may have adjusted their exposure through more convenient channels such as ETFs.The analysis suggests that although the behavioral pace differs among various investor groups, the market as a whole is gradually forming a consensus that the current phase is more suited for a long-term allocation window. The trend of funds re-entering the accumulation phase is strengthening.
According to Cointelegraph, U.S. money market fund assets have surpassed $8.28 trillion, setting a new record high, with weekly inflows reaching as high as $66 billion. Markets widely expect the Federal Reserve may hike interest rates again, and risk-averse sentiment is driving continued capital inflows.
Odaily Odaily, analysts at VanEck, which manages $200 billion in assets, said Matthew Sigel, said the digital credit market could expand to $2.5 trillion over the next decade, while the price of BTC is expected to reach $1 million. Matthew Sigel said the target is "absolutely within reach." (BitcoinTreasuries.NET)
Analyst Darkfost posted on X platform, stating that the average monthly BTC deposits into Binance by retail investors (referring to addresses holding less than 1 BTC) have fallen to an all-time low, currently at just 314 BTC. This metric stood at around 1,800 BTC during the bear market phase of the current cycle and approximately 1,200 BTC during the first peak in March 2024. In comparison, the peak retail inflow in 2018 reached 5,400 BTC, and in 2021 it was 2,600 BTC. In January 2024, this figure was still around 1,000 BTC, representing a decline of more than threefold within two years. Darkfost noted that retail participation continues to decline, with some investors potentially exiting the market or shifting to indirect holdings such as spot BTC ETFs.
Odaily Odaily News According to the latest weekly report from Gate Ventures, global markets continued to strengthen last week, driven by the technology sector. Both the S&P 500 and the Nasdaq index hit new record highs, with the S&P 500 gaining 2.36% for the week and the Nasdaq rising 4.52%. In the crypto market, BTC rose 4.6% last week, ETH rose 2.1%, spot BTC ETFs recorded net inflows for the fifth consecutive week, and market sentiment recovered to the neutral range. Additionally, the total market cap of cryptocurrencies excluding the top ten assets increased by 12.6% for the week.On the macroeconomic front, the ISM Services Price Index rose to 70.7, a two-year high, coupled with energy price fluctuations and the Federal Reserve's policy expectation of "keeping interest rates higher for longer," leading to increased market focus on a "stagflation" environment. On the industry level, Payward, the parent company of Kraken, has applied to the OCC for a national trust charter, highlighting the increasingly evident trend of industry compliance. In terms of investment and financing, 10 deals were completed last week totaling $34.2 million, primarily concentrated in the DeFi and infrastructure sectors. Among them, OpenTrade completed a $17 million funding round to accelerate the development of institutional-grade stablecoin yield infrastructure; OnRe secured a $5 million Series A round to advance its Solana-based tokenized reinsurance product offerings.
Adrian Fritz, Chief Investment Officer of 21Shares, stated that spot Bitcoin ETFs continue to attract capital inflows, reinforcing Bitcoin's core position in institutional asset allocation, even as the price remains volatile below the $80,000 mark. Adrian Fritz pointed out that since the beginning of this year, Bitcoin ETFs have absorbed nearly $2 billion in funds, sourced from retail investors, institutions, and hedge funds engaging in arbitrage and options strategies. He believes that as traditional asset management institutions like Morgan Stanley accelerate their deployment, crypto assets are being more broadly incorporated into multi-asset portfolio allocations. Bitcoin's current daily trading volume has exceeded $50 billion, with liquidity levels approaching those of large-cap tech stocks like Nvidia. The ETF mechanism simultaneously provides primary and secondary market liquidity, gradually granting it "institutional-grade asset" attributes.Although the market remains under pressure from macroeconomic conditions and interest rate environments, Adrian Fritz believes that ETF inflows have shifted from being speculation-driven to structural demand. He predicts that driven by factors such as improving geopolitical conditions, sustained capital inflows, and short covering, Bitcoin could challenge the $100,000 threshold this year. Meanwhile, differentiation among altcoins is intensifying, with the market shifting towards an asset selection logic that places greater emphasis on fundamentals and cash flow. (CoinDesk)
Odaily News Analyst Markus Thielen stated that the Bitcoin demand structure is gradually repairing. He pointed out that strategic holdings continue to increase, providing stable buying support, the Coinbase Premium has rebounded, and the single-day net inflow of spot Bitcoin ETFs once reached $664 million, the highest level since mid-January.He believes that corporate capital, ETF inflows, and U.S. spot demand are forming a combined force, coupled with the return of stablecoin capital, market liquidity is gradually improving. Against this backdrop, Bitcoin's price may enter a new consolidation range. If the related trends continue, the probability of an upward move has increased, but the price action may still be dominated by consolidation.
Odaily News According to a CryptoQuant report, Bitcoin is facing "short-term selling pressure" after rebounding above $76,000. Data shows that during Tuesday's price increase, the amount of Bitcoin flowing into exchanges surged significantly, with hourly inflows once rising to 11,000 BTC, the highest level since December last year.CryptoQuant pointed out that the increase in the scale and speed of exchange inflows has historically been seen as a key early warning signal for short-term selling pressure, indicating that some holders are transferring assets to exchanges in preparation for selling. Meanwhile, the average single deposit size rose to 2.25 BTC, hitting a new high since July 2024 and approaching levels seen before the market peaked in January this year.In terms of price action, TradingView data shows that Bitcoin on Coinbase once touched $76,052, reaching a new high since early February. However, the report suggests that as the price approaches the realized price of $76,800, this level could become a ceiling for the rebound, as investors near their break-even point may be inclined to sell, thereby limiting further upside.Furthermore, the current profit-taking is still in its early stages, with daily realized profits around $500 million, which is below the $1 billion threshold typically associated with interim tops. If the price rises further into the $76,000 to $76,800 range, the scale of profits could expand, thereby intensifying selling pressure and increasing the probability of a pullback or consolidation. (Cointelegraph)
According to Decrypt, Bitcoin’s price recently approached $75,000, driven by improved risk sentiment and easing geopolitical tensions. Since the Iran conflict erupted on February 28, Bitcoin has surged approximately 13%, outperforming both the S&P 500 Index and gold. Data shows bearish pressure in the options market has eased, with the 25-Delta Skew rebounding from -10% to -4.5%, indicating reduced investor demand for downside protection. Last week, CoinShares data revealed net inflows of $1.1 billion into crypto investment products—the strongest weekly performance so far this year—with U.S. spot Bitcoin ETFs accounting for $786 million in net inflows. Analysts note that ETF inflows and strengthening institutional demand have become key drivers behind Bitcoin’s rally. Experts caution that inflation, Federal Reserve policy, and evolving geopolitical developments could influence its future trajectory.
According to BlockSec Phalcon, the HandlerV1 contract managed by Hyperbridge on the Ethereum network was found to contain a Merkle Mountain Range (MMR) proof replay vulnerability, resulting in approximately $242,000 in losses. The vulnerability stems from the lack of binding between proofs and requests, enabling attackers to replay historical valid proofs alongside newly forged requests to perform malicious actions—such as altering administrator privileges. In the specific incident, the attacker changed the Polkadot (DOT) token administrator and then exploited those privileges to mint additional DOT tokens for profit. Observed attack transactions include: changing the DOT token administrator and minting new tokens (losses of ~$237,400), changing the ARGN token administrator and minting new tokens (losses of ~$3,800), and host withdrawal operations. The vulnerability was discovered by PhalconSecurity and analyzed via PhalconExplorer. Previously, the Hyperbridge gateway contract was attacked, leading to the unauthorized minting and subsequent dumping of 1 billion DOT tokens on Ethereum.