12-Year-Old BTC Wallet Activated: 330 BTC Transferred
According to Whale Alert, a BTC address that had been inactive for 12.4 years has become active. The 330 BTC in the wallet is currently worth over $39 million. In 2013, this amount was only $20,900.
K33 Increases Bitcoin Holdings to 126 BTC
Bitcoin fund management company K33 has purchased an additional 5 BTC, bringing its total Bitcoin holdings to 126 BTC. The company describes this increase as a long-term position targeting institutional investors.
Martı to Allocate 20% of Reserves to Bitcoin
Turkey-based Martı Technologies Inc. (NYSE: MRT) announced it will allocate 20% of its cash reserves to Bitcoin as an initial step. The strategy is long-term, and assets like Ethereum and Solana may be added to the portfolio in the future. Martı stated the strategy will not impact its current business plans.
SharpLink’s Ethereum Holdings Surpass 438,000 ETH
Nasdaq-listed SharpLink purchased 77,210 ETH during the week of July 21-27, increasing its total Ethereum holdings to approximately 438,190 ETH. The average purchase price was $3,756.
The company’s ETH concentration per share increased from 3.06 to 3.4. Thanks to the Ethereum treasury strategy launched on June 2, the ETH ratio per share increased by 70%, while total staking rewards reached 722 ETH.
According to Glassnode data, Ethereum’s open interest ratio in the futures market has approached 40%, reaching its highest level since April 2023. This indicates that investor interest is beginning to shift from Bitcoin to Ethereum.
Linea Introduces Local ETH Yield and Burn Mechanism
Ethereum Layer 2 network Linea has announced its major plans ahead of the official LINEA token launch. The network will feature local staking yields for bridged ETH, an ETH burn mechanism, and a deflationary token economy. 20% of transaction fees will be burned as ETH, while the remaining 80% will be used for LINEA token burning. 85% of the token supply has been allocated to the ecosystem, with 15% locked in the Consensys treasury for five years.
JPMorgan: Coinbase Reaps Big Gains from Circle Partnership
According to CoinDesk, JPMorgan Chase stated that Coinbase’s partnership with Circle significantly increased USDC revenues and share value.
Coinbase received $300 million in issuance payments from Circle in the first quarter alone, exceeding Circle’s total net revenue. The company is estimated to hold $13 billion in USDC on its platform and generate approximately $125 million in profit.
DeFi Development Purchases 180,000 More SOL
DeFi Development purchased an additional 181,303 SOL at an average price of $155.33 between July 21 and 28. The company’s total holdings now stand at 1.18 million SOL, with a value of approximately $218 million.
ZOOZ Power to Raise $180 Million to Launch Bitcoin Treasury
According to Globenewswire, energy solutions company ZOOZ Power plans to raise $180 million in private equity to launch a Bitcoin reserve strategy. The PIPE agreement includes major investors such as Pantera Capital, FalconX, and Arrington Capital. Shares will be sold at $1 each, and the transaction is subject to shareholder approval.
Hong Kong Securities Commission Warns About Suspicious Products
The Hong Kong SFC has announced that products such as “FoFund Duoduo,” “Fo Coin,” and “Taohuayuan NFT” are unauthorized and suspicious investment instruments. These assets are said to involve speculative transactions in the digital token and NFT sectors, and investors are urged to exercise caution.
Bakkt to Raise $75 Million for Crypto Purchases
Bakkt Holdings (NYSE: BKKT) announced that it will conduct a $75 million rights offering to purchase Bitcoin and other digital assets. The funds will also be used for working capital and corporate purposes.
BitMine Immersion Technologies has announced a $1 billion share buyback program. The company holds 625,000 ETH and 192 BTC. The net asset value per share stands at $22.76. BMNR’s total crypto and cash assets exceed $2.77 billion.
Binance C2C Begins Testing “Premium” Region
Binance C2C has begun testing the “Premium” region. This area will feature trusted sellers, and users will receive up to 50% compensation coverage of up to 20,000 USDT for any legal risks incurred during transactions. A compensation fund of $1 million has been allocated for the testing phase.
According to CoinDesk, ARK Invest has invested a total of $18.6 million in BitMine (BMNR) shares through its ARKK and ARKW funds. On the same day, it sold $7 million worth of Coinbase shares and $15 million worth of Block (XYZ) shares.
Robinhood CEO Tenev’s Net Worth Rises Sixfold to $6.1 Billion
According to Forbes, Vlad Tenev’s net worth has increased sixfold over the past year to $6.1 billion thanks to his focus on cryptocurrency. Tenev aims to lead the next generation of wealth transfer through tokenized stocks, AI-driven investing, and blockchain-based financial services.
USD1 Temporarily Loses Its Peg on Binance
The stablecoin USD1 listed on Binance temporarily dropped to 0.9934 USDT, losing its peg, before recovering to 0.9974. Such deviations could spark discussions about reliability in the market.
