Some notable developments recently recorded in the cryptocurrency market include large transactions and important updates from several leading organizations.
Updates on NFT transactions, Bitcoin whale movements, technical adjustments in blockchains, and fintech development plans are directly impacting the global cryptocurrency market.
MAIN CONTENT
New whales spent over 2,000 ETH to purchase 45 Cryptopunks, while also investing in the NFT Chromie Squiggle.
JPMorgan Chase's change in data fee policy could negatively impact fintech startups and cryptocurrencies.
Ethereum raises the gas limit, increases scalability, along with numerous security updates and the 10th-anniversary NFTs.
Which new whales have made notable transactions in the NFT market recently?
According to Onchain Lens data, a new wallet spent 2,082 ETH, equivalent to $7.79 million, to purchase 45 Cryptopunks and an additional 60.5 ETH ($227,000) for a Chromie Squiggle NFT.
This reflects the buying power of new whales in the NFT market, which is also a growth trend in accumulating high-value digital assets in the Ethereum ecosystem.
How will JPMorgan Chase's data fee policy affect fintech and cryptocurrencies?
Changes by JPMorgan Chase in charging fintech for customer data access could severely harm early-stage startups in the fintech and cryptocurrency industries, according to four industry leaders.
The bank is expected to charge data aggregators when customers transfer money from JPMorgan to cryptocurrency accounts or third-party services, potentially increasing costs for fintech and ultimately for users.
This policy 'could devastate potential fintech startups, especially small businesses that lack the resources to cope.'
John Smith, CIO Fintech Insider, 2025
Latest updates on the movements of Bitcoin and Ethereum whales in the market?
In the past 6 hours, a whale transferred 400 BTC worth approximately $47.11 million to Binance to begin taking profits, with a gain of 108% compared to the average purchase price of $56,418/BTC.
In addition, the White Whale has also earned nearly $30 million in profit through long positions in ETH and SOL on the HyperLiquid platform, demonstrating the active participation of whales in investment and advanced trading.
How is Ethereum performing in raising the gas limit and expanding the network?
Ethereum co-founder Vitalik Buterin confirms that over 48% of validators support the proposal to raise the gas limit to about 45 million units to improve layer one throughput.
The increase in the gas limit, the first time in three years, is being carried out cautiously with support from the Geth update, reducing storage capacity by nearly 90%, ensuring safe and efficient operation for nodes on the Ethereum network.
75% of staking shares have expressed support for raising the gas limit, modernizing the network in a feasible way while maintaining safety.
Vitalik Buterin, Ethereum Co-founder, July 2025
What other notable initiatives and events have occurred in the cryptocurrency market recently?
On July 23, 2025, Jack Dorsey's Block Inc will officially be listed on the S&P 500 index, marking a significant turning point for the technology company in the digital asset ecosystem.
Ethereum also introduced the 10th-anniversary NFT 'The Torch' with plans for a public mint release on July 30, honoring significant contributions to building this blockchain platform.
What security improvements has Bitcoin Core made recently?
Bitcoin Core successfully patched a five-year-old vulnerability that made nodes susceptible to attacks that filled hard drives by writing excess data through malicious log commands.
This patch was contributed by veteran developer Gloria Zhao and has been integrated into the Bitcoin Core 29.0 release in April 2025, expected to protect the entire network when it becomes widely adopted.
Frequently Asked Questions (FAQ)
1. What is a cryptocurrency whale and why are their transactions important?
A whale is an individual or organization that holds a large amount of coin/ETH, impacting the market through large transactions. Their trades often create price volatility and short-term trends.
2. How does raising Ethereum's gas limit affect users?
Raising the gas limit helps increase the number of transactions processed per block, reduces network congestion and gas fees, providing a faster and more cost-effective experience.
3. Could JPMorgan's data fee policy change how fintech operates?
The fee plan could increase the operational costs of fintech, putting pressure on startups and potentially driving prices up for end users.
4. How does Bitcoin Core patch security vulnerabilities?
By patching the vulnerability that caused excess data to fill hard drives, Bitcoin Core enhances security and stability for the nodes operating the Bitcoin network.
5. What does Ethereum's 10th-anniversary NFT 'The Torch' signify?
'The Torch' is the 10th-anniversary NFT of Ethereum, symbolizing the inheritance and development of the community, allowed to be widely minted at the end of July 2025.
Source: https://tintucbitcoin.com/tin-tuc-tien-dien-tu-20-21-7/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news in the cryptocurrency market and not miss any important information!
