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Cryptopolitan
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A Bitcoin whale opened a $45M 40x long that liquidates at $105K
A whale just placed a massive Bitcoin bet, $45 million worth, with 40x leverage, according to data from Coinglass. The trade was opened with a liquidation line at $105,000, and if Bitcoin hits $125,000, it’ll trigger $5.6 billion in short liquidations, most of which are clustered near $121,000.
At press time, Bitcoin is trading just above $114,000, which puts the whale’s stop-loss level only a few thousand dollars away. But while some short-term traders are sweating it out, long-term holders aren’t budging.
The Net Unrealized Profit/Loss (NUPL) for Long-Term Holders (LTH) remains above 0.5, meaning they’re still sitting comfortably in profit. These holders are showing no signs of panic, unlike Short-Term Holders (STH), who are now stuck deciding whether to sell at a loss or hold on in underwater positions.
STH wallets are lingering close to breakeven and are contributing to sell pressure during every minor price rally, per data from CryptoQuant.
Selloff on Binance reveals where longs got wiped
On August 1, Binance’s cumulative net taker volume dropped sharply, falling past -$1 billion and crashing to -$1.5 billion, levels not seen since July 25. That metric tracks the difference between aggressive buys and sells, and a deep negative print means the sellers were in full control.
The decline came right after a liquidation that wiped out long positions around $114,000, with a heatmap on Coinglass showing a cluster of liquidations hitting that level, likely from traders who bought into the previous rebound and got caught when the trend reversed.
Also, around the same time, funding rates across Binance, Bitmex, and Deribit all dipped into negative territory, meaning more people started opening shorts, expecting Bitcoin to fall further.
These zones are often referred to as “cold zones” in trading circles, times when traders become heavily tilted toward one side of the book, in this case, shorts. The combination of falling funding and increased short exposure laid the groundwork for massive open interest buildup on the downside.
Retail traders appear to be repeating the same behavior seen in all previous cycles, which is buying near tops and selling near bottoms.” That’s exactly what happened last week, when panic-selling followed long liquidations, then flipped instantly into short builds. It’s the same reflexive loop again; Get long late, get liquidated, get short late, and possibly get squeezed.
Demand-side data shows continued strength
Despite the noise, demand indicators haven’t turned bearish. A chart measuring apparent demand, the difference between newly issued Bitcoin and coins untouched for over a year, shows that the market has absorbed about 160,000 BTC in the past 30 days. That figure means more buying is happening than new supply hitting the market.
Wallets labeled as accumulator addresses, those that only buy and never sell, added close to 50,000 BTC during the same timeframe. These addresses are seen as signals of high conviction buying. There’s no selling history behind them, and they’ve consistently been stacking during the latest price chop.
Off-chain activity shows OTC desks sitting on less Bitcoin than they’ve held in years, per CryptoQuant. Four years ago this time, these desks held roughly 550,000 BTC, but are now at about 145,000 BTC, a 74% tumble. That means big players aren’t offloading. Instead, it looks like the inventory is getting bought and not replaced.
There’s no current sign of demand collapse. Metrics from accumulators, OTC desks, and dormant supply all suggest that long-term positioning is intact. Volatility has affected short-term activity, but longer-term metrics remain stable.
The short-side imbalance is growing, and with that $5.6 billion sitting exposed above $121K, the market is already watching to see if this whale’s position becomes the final nudge that sets it all off.
Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
At press time, Bitcoin is trading just above $114,000, which puts the whale’s stop-loss level only a few thousand dollars away. But while some short-term traders are sweating it out, long-term holders aren’t budging.
The Net Unrealized Profit/Loss (NUPL) for Long-Term Holders (LTH) remains above 0.5, meaning they’re still sitting comfortably in profit. These holders are showing no signs of panic, unlike Short-Term Holders (STH), who are now stuck deciding whether to sell at a loss or hold on in underwater positions.
STH wallets are lingering close to breakeven and are contributing to sell pressure during every minor price rally, per data from CryptoQuant.
Selloff on Binance reveals where longs got wiped
On August 1, Binance’s cumulative net taker volume dropped sharply, falling past -$1 billion and crashing to -$1.5 billion, levels not seen since July 25. That metric tracks the difference between aggressive buys and sells, and a deep negative print means the sellers were in full control.
The decline came right after a liquidation that wiped out long positions around $114,000, with a heatmap on Coinglass showing a cluster of liquidations hitting that level, likely from traders who bought into the previous rebound and got caught when the trend reversed.
Also, around the same time, funding rates across Binance, Bitmex, and Deribit all dipped into negative territory, meaning more people started opening shorts, expecting Bitcoin to fall further.
These zones are often referred to as “cold zones” in trading circles, times when traders become heavily tilted toward one side of the book, in this case, shorts. The combination of falling funding and increased short exposure laid the groundwork for massive open interest buildup on the downside.
Retail traders appear to be repeating the same behavior seen in all previous cycles, which is buying near tops and selling near bottoms.” That’s exactly what happened last week, when panic-selling followed long liquidations, then flipped instantly into short builds. It’s the same reflexive loop again; Get long late, get liquidated, get short late, and possibly get squeezed.
Demand-side data shows continued strength
Despite the noise, demand indicators haven’t turned bearish. A chart measuring apparent demand, the difference between newly issued Bitcoin and coins untouched for over a year, shows that the market has absorbed about 160,000 BTC in the past 30 days. That figure means more buying is happening than new supply hitting the market.
Wallets labeled as accumulator addresses, those that only buy and never sell, added close to 50,000 BTC during the same timeframe. These addresses are seen as signals of high conviction buying. There’s no selling history behind them, and they’ve consistently been stacking during the latest price chop.
Off-chain activity shows OTC desks sitting on less Bitcoin than they’ve held in years, per CryptoQuant. Four years ago this time, these desks held roughly 550,000 BTC, but are now at about 145,000 BTC, a 74% tumble. That means big players aren’t offloading. Instead, it looks like the inventory is getting bought and not replaced.
There’s no current sign of demand collapse. Metrics from accumulators, OTC desks, and dormant supply all suggest that long-term positioning is intact. Volatility has affected short-term activity, but longer-term metrics remain stable.
The short-side imbalance is growing, and with that $5.6 billion sitting exposed above $121K, the market is already watching to see if this whale’s position becomes the final nudge that sets it all off.
Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
$BTC
Cryptopolitan
--
Satoshi Nakamoto statue stolen and dumped in lake in Lugano
The Bitcoin community was thrown into confusion this weekend when the Lugano community in Switzerland woke up to find the Satoshi Nakamoto statue, a tribute to Bitcoin’s anonymous creator, gone from its spot at Parco Ciani.
The statue was found in a nearby lake after the theft was first confirmed on August 3, 2025. The group behind the statue, Satoshigallery, had also launched a campaign to recover it on X, formerly Twitter.
The Satoshi statue was cut off and removed from its staging platform. Source: Satoshigallery
What happened to the Satoshi statue?
The theft seemed to have been pointed out by @Grittoshi, a concerned Bitcoin fan who tagged several people on X and asked where the statue had gone.
After the user called attention to its disappearance, Satoshigroup confirmed the theft via a post on X and offered anyone with information on its whereabouts 0.1 BTC, which is approximately worth $11,000 at current prices.
“You can steal our symbol but you will never be able to steal our souls. Thank you all for the nice messages,” the group wrote before emphasizing its resolve to continue the project of installing Satoshi Nakamoto statues in 21 cities worldwide.
No clear motives or suspects have been identified, and authorities did not release further details on the theft. In the meantime, Satoshigallery is encouraging public involvement.
Shortly after the announcement of the bounty for the statue, @Grittoshi, the same one referenced by earlier reports as the person who reported the disappearance, shared a tweet explaining what he believes happened to the statue.
“Ockham’s razor, my theory is as follow,” he wrote. “I was in the parc on August 1st at night. It was still there. Twas Swiss National day. Many youngsters went drunk on the open aur café just besdide the statue. On their way back home they just had “fun” with the statue (welded by only 2 points that still remain as you can see on my pics).”
Grittoshi theorized that since there are cameras everywhere in the city, the kids must have thrown it inside the lake nearby before heading home.
“No way, they could have carried it unnoticed in the city,” he concluded. “So my opinion: it is in the lake, just beside its previous location.”
A couple of hours later, he shared pictures of the recovered statue, as well as a quote tweet tagging footage of its recovery.
Update: it seems i was right about the turn of events pic.twitter.com/X6qNYDreBC
— Gritto (@Grittoshi) August 3, 2025
Satoshi statues set to go up in 21 cities worldwide
The statue was designed by Italian artist Valentina Picozzi and allegedly fashioned from 304 stainless steel and corten blocks. It was unveiled in October 2024 as part of Lugano’s push to become a global Bitcoin hub and was marketed as a tribute to Bitcoin’s anonymous creator, Satoshi Nakamoto.
The third Statue of Satoshi Nakamoto was just unveiled in Tokyo!
Here is the location
🇯🇵 Tokyo, Japan: https://t.co/Zn32sYZsCK
Images create culture
Culture shapes values
Values influence the future
We are all Satoshi! https://t.co/HcBAtmxSKL pic.twitter.com/2Rgw05OQjq
— Satoshigallery (@satoshigallery) April 25, 2025
The statue’s concept, which features a disappearing effect that makes it disappear when viewed from the front or behind, is a nod to Nakamoto’s anonymity and reportedly took 18 months of research and three months to build.
It was placed in front of Villa Ciani during the Plan B Forum, an annual blockchain event co-hosted by the city of Lugano and stablecoin issuer Tether.
As it stands, Satoshigallery has put up the same statue in two other places across the world aside from Lugano. One is situated at Bitcoin Beach, El Salvador, while the other was just recently unveiled in Tokyo, Japan.
Despite the disaster that met the one in Lugano, the group will continue putting up the statues until there are 21 of them scattered across the world.
Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
The statue was found in a nearby lake after the theft was first confirmed on August 3, 2025. The group behind the statue, Satoshigallery, had also launched a campaign to recover it on X, formerly Twitter.
The Satoshi statue was cut off and removed from its staging platform. Source: Satoshigallery
What happened to the Satoshi statue?
The theft seemed to have been pointed out by @Grittoshi, a concerned Bitcoin fan who tagged several people on X and asked where the statue had gone.
After the user called attention to its disappearance, Satoshigroup confirmed the theft via a post on X and offered anyone with information on its whereabouts 0.1 BTC, which is approximately worth $11,000 at current prices.
“You can steal our symbol but you will never be able to steal our souls. Thank you all for the nice messages,” the group wrote before emphasizing its resolve to continue the project of installing Satoshi Nakamoto statues in 21 cities worldwide.
No clear motives or suspects have been identified, and authorities did not release further details on the theft. In the meantime, Satoshigallery is encouraging public involvement.
Shortly after the announcement of the bounty for the statue, @Grittoshi, the same one referenced by earlier reports as the person who reported the disappearance, shared a tweet explaining what he believes happened to the statue.
“Ockham’s razor, my theory is as follow,” he wrote. “I was in the parc on August 1st at night. It was still there. Twas Swiss National day. Many youngsters went drunk on the open aur café just besdide the statue. On their way back home they just had “fun” with the statue (welded by only 2 points that still remain as you can see on my pics).”
Grittoshi theorized that since there are cameras everywhere in the city, the kids must have thrown it inside the lake nearby before heading home.
“No way, they could have carried it unnoticed in the city,” he concluded. “So my opinion: it is in the lake, just beside its previous location.”
A couple of hours later, he shared pictures of the recovered statue, as well as a quote tweet tagging footage of its recovery.
Update: it seems i was right about the turn of events pic.twitter.com/X6qNYDreBC
— Gritto (@Grittoshi) August 3, 2025
Satoshi statues set to go up in 21 cities worldwide
The statue was designed by Italian artist Valentina Picozzi and allegedly fashioned from 304 stainless steel and corten blocks. It was unveiled in October 2024 as part of Lugano’s push to become a global Bitcoin hub and was marketed as a tribute to Bitcoin’s anonymous creator, Satoshi Nakamoto.
The third Statue of Satoshi Nakamoto was just unveiled in Tokyo!
Here is the location
🇯🇵 Tokyo, Japan: https://t.co/Zn32sYZsCK
Images create culture
Culture shapes values
Values influence the future
We are all Satoshi! https://t.co/HcBAtmxSKL pic.twitter.com/2Rgw05OQjq
— Satoshigallery (@satoshigallery) April 25, 2025
The statue’s concept, which features a disappearing effect that makes it disappear when viewed from the front or behind, is a nod to Nakamoto’s anonymity and reportedly took 18 months of research and three months to build.
It was placed in front of Villa Ciani during the Plan B Forum, an annual blockchain event co-hosted by the city of Lugano and stablecoin issuer Tether.
As it stands, Satoshigallery has put up the same statue in two other places across the world aside from Lugano. One is situated at Bitcoin Beach, El Salvador, while the other was just recently unveiled in Tokyo, Japan.
Despite the disaster that met the one in Lugano, the group will continue putting up the statues until there are 21 of them scattered across the world.
Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
$BTC $ETH $SOL
Cryptopolitan
--
Coinbase reports $1.5 billion in Q2 revenue and $1.4 billion in net income
Coinbase crushed Wall Street’s expectations in Q2 2025, pulling in $1.5 billion in revenue and $1.4 billion in net income, according to the company’s quarterly filing.
The figures include a $1.5 billion unrealized gain from strategic investments and another $362 million from its crypto holdings. Even without those, Adjusted Net Income stood at $33 million, and Adjusted EBITDA reached $512 million.
Transaction revenue came in at $764 million, while subscriptions and services brought in $656 million, fueled by rising USDC balances, increased staking activity, and record Prime Financing balances.
By the end of June, Coinbase had $9.3 billion in U.S. dollar resources and $1.8 billion in crypto assets held for investment, thanks to consistent weekly Bitcoin purchases. They also reported the highest average custody share in their history, signaling stronger control over crypto asset safekeeping on their platform.
Coinbase rolls out new derivatives, boosts app platform, and targets payments
During the quarter, Coinbase pushed forward with its on-chain strategy by expanding crypto trading, financial tools, and its software infrastructure. On the trading side, it introduced the widest set of CFTC-approved perpetual futures contracts in the country, which drove record volume and open interest on its international derivatives exchange. At the same time, it kept listing new spot assets and grew its presence in global markets.
Coinbase also continued expanding USDC usage by integrating it into Shopify Payments, Coinbase Business, and the Coinbase One Card. These moves brought stablecoin utility closer to daily consumer spending. The company said average USDC balances rose 13% from the last quarter, reaching $13.8 billion, helped by the reintroduction of a rewards program.
As part of its lending efforts, Coinbase grew its Prime Financing operation to new highs, serving corporates, miners, hedge funds, and asset managers. According to the company, 16 of its 25 biggest institutional clients now use its financing tools.
The firm also offered retail users up to $1 million in instant USDC loans, backed by BTC and settled on-chain through the Morpho protocol. Those loans now exceed $1 billion in open collateral.
Meanwhile, Shopify merchants across the U.S. are now able to accept USDC, and customers who use it get 1% back in rewards, with a full rollout expected later this year.
Q2 operating expenses spiked by $193 million, or 15%, mostly due to a $307 million charge linked to the data breach that was revealed in May. However, other major costs (tech, admin, and marketing) dropped 2%, totaling $977 million. Coinbase reported a full-time headcount of 4,279 employees.
Although the company’s total dollar resources dropped 6% quarter-over-quarter, ending at $9.3 billion, Coinbase still has access to $12.1 billion when counting its crypto held for investment and as loan collateral. Of that, $951 million was held as collateral, and the company added $222 million in BTC during the quarter through routine weekly buys.
Custody operations also scaled up. Coinbase now holds $245.7 billion in crypto under custody, the highest share of global crypto market cap it’s ever had. It also manages over 80% of all BTC and ETH ETF assets based in the U.S.
New crypto laws and tokenized assets set the stage for the next phase
Coinbase’s quarter closed as Washington began loosening up on crypto regulation under the Trump administration. In July, Congress passed the CLARITY Act, and President Trump signed the GENIUS Act into law. The two bills give regulatory clarity for stablecoins and crypto market structure, a win for Coinbase and its long-term roadmap.
At the same time, the company announced plans for an “everything exchange” that brings tokenized stocks, real-world assets, derivatives, and prediction markets on-chain. Max Branzburg, Coinbase’s VP of Product, said the rollout will start in the U.S. and expand globally once jurisdictions give the green light. “We’re building an exchange for everything,” Max said in an interview with CNBC. “Everything you want to trade, in a one-stop shop, on-chain. … We’re bringing all assets onchain—stocks, prediction markets, and more.”
CEO Brian Armstrong said he wants Coinbase to be the top financial app in the world over the next decade. That includes pushing further into consumer tools, expanding tokenized products, and using new regulatory support to go global faster.
As for Q3, Coinbase expects transaction revenue for July to hit $360 million. Full quarter projections show $665 to $745 million in subscription and service revenue, driven by USDC’s record market cap and higher crypto prices. Tech and admin costs are expected between $800 and $850 million, with marketing expenses ranging from $190 to $290 million, depending on performance-based campaigns and USDC user engagement.
KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage
The figures include a $1.5 billion unrealized gain from strategic investments and another $362 million from its crypto holdings. Even without those, Adjusted Net Income stood at $33 million, and Adjusted EBITDA reached $512 million.
Transaction revenue came in at $764 million, while subscriptions and services brought in $656 million, fueled by rising USDC balances, increased staking activity, and record Prime Financing balances.
By the end of June, Coinbase had $9.3 billion in U.S. dollar resources and $1.8 billion in crypto assets held for investment, thanks to consistent weekly Bitcoin purchases. They also reported the highest average custody share in their history, signaling stronger control over crypto asset safekeeping on their platform.
Coinbase rolls out new derivatives, boosts app platform, and targets payments
During the quarter, Coinbase pushed forward with its on-chain strategy by expanding crypto trading, financial tools, and its software infrastructure. On the trading side, it introduced the widest set of CFTC-approved perpetual futures contracts in the country, which drove record volume and open interest on its international derivatives exchange. At the same time, it kept listing new spot assets and grew its presence in global markets.
Coinbase also continued expanding USDC usage by integrating it into Shopify Payments, Coinbase Business, and the Coinbase One Card. These moves brought stablecoin utility closer to daily consumer spending. The company said average USDC balances rose 13% from the last quarter, reaching $13.8 billion, helped by the reintroduction of a rewards program.
As part of its lending efforts, Coinbase grew its Prime Financing operation to new highs, serving corporates, miners, hedge funds, and asset managers. According to the company, 16 of its 25 biggest institutional clients now use its financing tools.
The firm also offered retail users up to $1 million in instant USDC loans, backed by BTC and settled on-chain through the Morpho protocol. Those loans now exceed $1 billion in open collateral.
Meanwhile, Shopify merchants across the U.S. are now able to accept USDC, and customers who use it get 1% back in rewards, with a full rollout expected later this year.
Q2 operating expenses spiked by $193 million, or 15%, mostly due to a $307 million charge linked to the data breach that was revealed in May. However, other major costs (tech, admin, and marketing) dropped 2%, totaling $977 million. Coinbase reported a full-time headcount of 4,279 employees.
Although the company’s total dollar resources dropped 6% quarter-over-quarter, ending at $9.3 billion, Coinbase still has access to $12.1 billion when counting its crypto held for investment and as loan collateral. Of that, $951 million was held as collateral, and the company added $222 million in BTC during the quarter through routine weekly buys.
Custody operations also scaled up. Coinbase now holds $245.7 billion in crypto under custody, the highest share of global crypto market cap it’s ever had. It also manages over 80% of all BTC and ETH ETF assets based in the U.S.
New crypto laws and tokenized assets set the stage for the next phase
Coinbase’s quarter closed as Washington began loosening up on crypto regulation under the Trump administration. In July, Congress passed the CLARITY Act, and President Trump signed the GENIUS Act into law. The two bills give regulatory clarity for stablecoins and crypto market structure, a win for Coinbase and its long-term roadmap.
At the same time, the company announced plans for an “everything exchange” that brings tokenized stocks, real-world assets, derivatives, and prediction markets on-chain. Max Branzburg, Coinbase’s VP of Product, said the rollout will start in the U.S. and expand globally once jurisdictions give the green light. “We’re building an exchange for everything,” Max said in an interview with CNBC. “Everything you want to trade, in a one-stop shop, on-chain. … We’re bringing all assets onchain—stocks, prediction markets, and more.”
CEO Brian Armstrong said he wants Coinbase to be the top financial app in the world over the next decade. That includes pushing further into consumer tools, expanding tokenized products, and using new regulatory support to go global faster.
As for Q3, Coinbase expects transaction revenue for July to hit $360 million. Full quarter projections show $665 to $745 million in subscription and service revenue, driven by USDC’s record market cap and higher crypto prices. Tech and admin costs are expected between $800 and $850 million, with marketing expenses ranging from $190 to $290 million, depending on performance-based campaigns and USDC user engagement.
KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage
$USDT
Cryptopolitan
--
Tether adds $20B liquidity in H1, boosts US debt holdings and profits
Tether issued $20B in additional liquidity, boosting the supply on both TRON and Ethereum. To support its stablecoin with cash-like assets, Tether, Inc. is still among the biggest buyers and holders of US debt.
Tether, Inc. published its H1 attestation, marking some of its growth milestones in 2025. In total, Tether injected $20B in stablecoin liquidity, with new USDT minting on both Ethereum and TRON. Tether reported a total of $162,574,933,798 in assets, above the obligations based on the issued stablecoins.
Tether just released its quarterly attestation for Q2 2025.
Highlights as of 30th June 2025:
* 157.1B total issued USDt, end of Q2 2025.
* 162.5B total assets/reserves, end of Q2 2025.
* 5.47B excess reserves, on top of the 100% reserves in liquid assets that back all issued… https://t.co/bejhVFkMYt pic.twitter.com/XYVmueWZ0G
— Paolo Ardoino 🤖 (@paoloardoino) July 31, 2025
Tether also published its attestation for Q2, prepared by its usual partner, the accounting firm BDO. Q2 was an extremely active period for Tether and its global expansion. Out of the $20B in liquidity, $13.4B was injected in Q2 alone. The acceleration of USDT printing followed the overall trend of mass awareness about stablecoins, as well as sufficient trust in Tether as a resilient issuer.
In H1, the company had not yet retired its USDT on legacy chains, as Cryptopolitan reported earlier in July. The retirement of legacy USDT will only slightly lower the total supply.
In 2025, the supply of TRON expanded more rapidly, to over 89B tokens. Most of the Tether mints injected multiple tranches of 1B tokens. USDT on Ethereum is still at 79B, growing at a slower pace. Within the crypto space, USDT is most widely used for centralized exchanges, with DeFi being the second largest use case.
Tether grew its exposure to US treasuries
To support its new USDT emissions, Tether had to grow its exposure to US treasuries. As of June 30, total exposure to US treasuries exceeded $127B, with $8B added in Q2. Tether expanded its global presence while still working toward becoming a MiCA-compliant asset in the EU. The token retained its primacy, with speedier expansion compared to its main rival, Circle’s USDC.
Tether holds $105.5B in direct holdings, with $21.3B owned indirectly. Tether’s reserves showed a mix of private financial innovation and public monetary goals.
Tether was emboldened to grow the USDT supply, as US lawmakers offered a favorable framework to make the dollar the key metric for crypto trading. The application of the US GENIUS Act, regulating stablecoins, has turned dollar-denominated tokens into the leading source of liquidity.
Tether posted robust profits in Q2
Tether posted $4.9B in net profits for the second quarter, bringing the total for H1 to $5.7B. The company achieved $3.1B in recurrent profits, excluding additional operations from gold and Bitcoin, which added another $2.6B.
Tether reinvests its profits in a growing portfolio of over 120 large and small companies. In H1, 2025, Tether gained unprecedented exposure to other businesses as a way of diversifying its activity.
Tether directed the most capital into direct investment efforts compared to its previous history, marking a milestone in expanding the crypto infrastructure. Some of the large-scale initiatives include the Bitcoin treasury company XXI Capital and the investment in Rumble and Rumble Wallet. Tether has deployed an estimated $4B of its own retained earnings into the US-based crypto ecosystem.
Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
Tether, Inc. published its H1 attestation, marking some of its growth milestones in 2025. In total, Tether injected $20B in stablecoin liquidity, with new USDT minting on both Ethereum and TRON. Tether reported a total of $162,574,933,798 in assets, above the obligations based on the issued stablecoins.
Tether just released its quarterly attestation for Q2 2025.
Highlights as of 30th June 2025:
* 157.1B total issued USDt, end of Q2 2025.
* 162.5B total assets/reserves, end of Q2 2025.
* 5.47B excess reserves, on top of the 100% reserves in liquid assets that back all issued… https://t.co/bejhVFkMYt pic.twitter.com/XYVmueWZ0G
— Paolo Ardoino 🤖 (@paoloardoino) July 31, 2025
Tether also published its attestation for Q2, prepared by its usual partner, the accounting firm BDO. Q2 was an extremely active period for Tether and its global expansion. Out of the $20B in liquidity, $13.4B was injected in Q2 alone. The acceleration of USDT printing followed the overall trend of mass awareness about stablecoins, as well as sufficient trust in Tether as a resilient issuer.
In H1, the company had not yet retired its USDT on legacy chains, as Cryptopolitan reported earlier in July. The retirement of legacy USDT will only slightly lower the total supply.
In 2025, the supply of TRON expanded more rapidly, to over 89B tokens. Most of the Tether mints injected multiple tranches of 1B tokens. USDT on Ethereum is still at 79B, growing at a slower pace. Within the crypto space, USDT is most widely used for centralized exchanges, with DeFi being the second largest use case.
Tether grew its exposure to US treasuries
To support its new USDT emissions, Tether had to grow its exposure to US treasuries. As of June 30, total exposure to US treasuries exceeded $127B, with $8B added in Q2. Tether expanded its global presence while still working toward becoming a MiCA-compliant asset in the EU. The token retained its primacy, with speedier expansion compared to its main rival, Circle’s USDC.
Tether holds $105.5B in direct holdings, with $21.3B owned indirectly. Tether’s reserves showed a mix of private financial innovation and public monetary goals.
Tether was emboldened to grow the USDT supply, as US lawmakers offered a favorable framework to make the dollar the key metric for crypto trading. The application of the US GENIUS Act, regulating stablecoins, has turned dollar-denominated tokens into the leading source of liquidity.
Tether posted robust profits in Q2
Tether posted $4.9B in net profits for the second quarter, bringing the total for H1 to $5.7B. The company achieved $3.1B in recurrent profits, excluding additional operations from gold and Bitcoin, which added another $2.6B.
Tether reinvests its profits in a growing portfolio of over 120 large and small companies. In H1, 2025, Tether gained unprecedented exposure to other businesses as a way of diversifying its activity.
Tether directed the most capital into direct investment efforts compared to its previous history, marking a milestone in expanding the crypto infrastructure. Some of the large-scale initiatives include the Bitcoin treasury company XXI Capital and the investment in Rumble and Rumble Wallet. Tether has deployed an estimated $4B of its own retained earnings into the US-based crypto ecosystem.
Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.
$ETH $BNB
Cryptopolitan
--
Limited pressure from unrealized profits spark talk of sustained ETH rally
Ethereum (ETH) is seeing lower unrealized gains during its latest rally, potentially helping it avoid selling pressure. ETH switched to accumulation, surpassing BTC with short-term demand in July.
Ethereum recovered to levels not seen since March 2024, inching up toward the $4,000 level. However, the token is not weighed down by unrealized profits this time around.
According to Glassnode data, ETH has much lower relative unrealized gains. In the past year, Ethereum whales were busy trading, trying to achieve a lower average price. During the latest rally, however, some of the purchases were made at a higher market price in a rush to secure available tokens.
Despite $ETH trading near its March 2024 highs, unrealized profits are far lower. Back then, #ETH hit +2σ (standard deviations) on Relative Unrealized Profit at $3.98K – today it's just nearing +1σ. A move to +2σ now would imply ~$4.9K $ETH. pic.twitter.com/TdmCIzp3Pm
— glassnode (@glassnode) July 31, 2025
The relatively low metric of unrealized gains may mean recent buyers are more willing to hold, potentially signaling a larger ETH rally. During previous ETH local peaks, whales often sold, depressing the price. Even older holders from the ICO era, or the Ethereum Foundation, were frequent sellers near market peaks.
ETH proved resilient, even defying the recent market where most altcoins took a step back. ETH continued its climb on Thursday, rising to $3,832.37. The recent ratio between unrealized gains and the current price suggests ETH may attempt a hike close to $5,000, recovering its all-time high.
ETH also reached a six-month peak of 0.032 BTC, potentially reversing the trend of being seen as doomed to always slide in BTC pricing. ETH dominance expanded to 11.7%, while traders awaited a spillover for a wider altcoin market.
Spot demand grows for ETH
Demand for ETH increases, based on a drive to use wrapped or staked forms of the token for passive income. The Ethereum unstaking validator queue also saw fewer requests after a recent spike. Buyers are trying to tap multiple sources of ETH, including older staked coins or unwrapped ETH.
The main driver of spot buying are still ETFs, which continued their aggressive accumulation. Both ETH and BTC are seeing an inflow of whale buyers, as Cryptopolitan reported earlier.
ETH accelerated its net outflows from exchanges, showing the strengthening demand from individual whales and corporate buyers. Strategic ETH reserves broke above $10B in total, after the latest purchases from BitMine and SharpLink Gaming. In total, buyers take 413K ETH from the market each week, while only around 15K are minted and retained in the supply.
ETH demand may come from the eventual addition of staking and in-kind settlement for ETFs and other vehicles. The requirement for Ethereum reserves may boost spot demand additionally. Additionally, over 35% of ETH is locked, representing 28.3% of the supply.
ETH awaits short squeeze to $3,900
Another major driver of the ETH rally is the peak open interest and the accumulation of short positions. Currently, liquidity has accumulated around $3,900, suggesting a short squeeze may drive the price of ETH higher.
ETH may shift between $3,900 and $3,600, depending on which side of liquidity accumulation is attacked first. | Source: Coinank
In the past 12 hours, ETH saw a shift to short liquidations, attacking $20M up to the $3,800 price range. On a 24-hour basis, ETH saw more than $93M in long liquidations. Currently, ETH may make a move toward $3,600 based on accrued long liquidity.
Ethereum open interest is still above $26B, down from a recent $28B peak. ETH saw significant liquidations, but quickly returned to speculative trading, as the asset awaited a renewed rally.
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Ethereum recovered to levels not seen since March 2024, inching up toward the $4,000 level. However, the token is not weighed down by unrealized profits this time around.
According to Glassnode data, ETH has much lower relative unrealized gains. In the past year, Ethereum whales were busy trading, trying to achieve a lower average price. During the latest rally, however, some of the purchases were made at a higher market price in a rush to secure available tokens.
Despite $ETH trading near its March 2024 highs, unrealized profits are far lower. Back then, #ETH hit +2σ (standard deviations) on Relative Unrealized Profit at $3.98K – today it's just nearing +1σ. A move to +2σ now would imply ~$4.9K $ETH. pic.twitter.com/TdmCIzp3Pm
— glassnode (@glassnode) July 31, 2025
The relatively low metric of unrealized gains may mean recent buyers are more willing to hold, potentially signaling a larger ETH rally. During previous ETH local peaks, whales often sold, depressing the price. Even older holders from the ICO era, or the Ethereum Foundation, were frequent sellers near market peaks.
ETH proved resilient, even defying the recent market where most altcoins took a step back. ETH continued its climb on Thursday, rising to $3,832.37. The recent ratio between unrealized gains and the current price suggests ETH may attempt a hike close to $5,000, recovering its all-time high.
ETH also reached a six-month peak of 0.032 BTC, potentially reversing the trend of being seen as doomed to always slide in BTC pricing. ETH dominance expanded to 11.7%, while traders awaited a spillover for a wider altcoin market.
Spot demand grows for ETH
Demand for ETH increases, based on a drive to use wrapped or staked forms of the token for passive income. The Ethereum unstaking validator queue also saw fewer requests after a recent spike. Buyers are trying to tap multiple sources of ETH, including older staked coins or unwrapped ETH.
The main driver of spot buying are still ETFs, which continued their aggressive accumulation. Both ETH and BTC are seeing an inflow of whale buyers, as Cryptopolitan reported earlier.
ETH accelerated its net outflows from exchanges, showing the strengthening demand from individual whales and corporate buyers. Strategic ETH reserves broke above $10B in total, after the latest purchases from BitMine and SharpLink Gaming. In total, buyers take 413K ETH from the market each week, while only around 15K are minted and retained in the supply.
ETH demand may come from the eventual addition of staking and in-kind settlement for ETFs and other vehicles. The requirement for Ethereum reserves may boost spot demand additionally. Additionally, over 35% of ETH is locked, representing 28.3% of the supply.
ETH awaits short squeeze to $3,900
Another major driver of the ETH rally is the peak open interest and the accumulation of short positions. Currently, liquidity has accumulated around $3,900, suggesting a short squeeze may drive the price of ETH higher.
ETH may shift between $3,900 and $3,600, depending on which side of liquidity accumulation is attacked first. | Source: Coinank
In the past 12 hours, ETH saw a shift to short liquidations, attacking $20M up to the $3,800 price range. On a 24-hour basis, ETH saw more than $93M in long liquidations. Currently, ETH may make a move toward $3,600 based on accrued long liquidity.
Ethereum open interest is still above $26B, down from a recent $28B peak. ETH saw significant liquidations, but quickly returned to speculative trading, as the asset awaited a renewed rally.
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❤️
❤️
$BTC $ETH $SOL
RayhanBros
--
Overtrading-A self destructive Habit trades Must Control📋📝
Overtrading ertrading is a self-destructive habit that traders must control because it leads to emotional, financial, and psychological burnout. Here’s why it’s dangerous and why controlling it is crucial:
1. Emotional Decision-Making
Overtrading is often driven by greed, revenge trading, or the urge to "make back" a loss. This clouds judgment and leads to poor trade setups.
2. Increased Transaction Costs
Frequent trading racks up fees, especially in crypto where spreads and commissions can eat into profits. Over time, even small fees compound into significant losses.
3. Lower Win Rate
The more you trade, the more likely you are to enter low-quality or impulsive trades. Overtrading dilutes your strategy and reduces consistency.
4. Burnout and Fatigue
Constant trading causes mental fatigue, leading to mistakes and stress. Traders may develop anxiety or lose discipline, spiraling into worse habits.
5. Capital Drawdown
Overtrading often ignores risk management, resulting in large drawdowns or account blowouts. The damage can be difficult to recover from.
How to Control Overtrading :
✓Set daily/weekly trade limits✓Stick to a trading plan✓Use higher timeframes for quality signals✓Take breaks after losses or wins✓Journal every trade to stay accountable
Conclusion:
Overtrading isn’t just a bad habit—it’s a fast track to failure. Mastering discipline and patience is what separates successful traders from the rest.
📌 If you find this information helpful, consider supporting me.Follow me and like,share,quotes this post.. Your generosity helps me provide quality content.
$DOGE $PENGU $ETH
1. Emotional Decision-Making
Overtrading is often driven by greed, revenge trading, or the urge to "make back" a loss. This clouds judgment and leads to poor trade setups.
2. Increased Transaction Costs
Frequent trading racks up fees, especially in crypto where spreads and commissions can eat into profits. Over time, even small fees compound into significant losses.
3. Lower Win Rate
The more you trade, the more likely you are to enter low-quality or impulsive trades. Overtrading dilutes your strategy and reduces consistency.
4. Burnout and Fatigue
Constant trading causes mental fatigue, leading to mistakes and stress. Traders may develop anxiety or lose discipline, spiraling into worse habits.
5. Capital Drawdown
Overtrading often ignores risk management, resulting in large drawdowns or account blowouts. The damage can be difficult to recover from.
How to Control Overtrading :
✓Set daily/weekly trade limits✓Stick to a trading plan✓Use higher timeframes for quality signals✓Take breaks after losses or wins✓Journal every trade to stay accountable
Conclusion:
Overtrading isn’t just a bad habit—it’s a fast track to failure. Mastering discipline and patience is what separates successful traders from the rest.
📌 If you find this information helpful, consider supporting me.Follow me and like,share,quotes this post.. Your generosity helps me provide quality content.
$DOGE $PENGU $ETH
consider me in bro ...
RayhanBros
--
Bullish
𝗕𝗿𝗼𝘀 𝗻𝗲𝘄 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗹𝗲 𝗦𝗶𝗴𝗻𝗮𝗹 𝗖𝗼𝗺𝗶𝗻𝗴 𝗦𝗼𝗼𝗻
🗣️ Just like this post and Follow me for Signal. 💥
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👉 Signal Drop Soon. Don't miss free signal
Last 3 profitable signal - $ETH $MYX $ARPA
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👉 Signal Drop Soon. Don't miss free signal
Last 3 profitable signal - $ETH $MYX $ARPA
$BTC
Binance News
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Galaxy Digital Finalizes $9B Sale of 80,000 Bitcoins From Early Satoshi-Era Investor
Galaxy Digital has completed the sale of more than 80,000 Bitcoins, worth over $9 billion, on behalf of an early Satoshi-era investor — one of the largest crypto transactions ever recorded.Key TakeawaysGalaxy Digital facilitated the sale of 80,000 BTC from an early Bitcoin holder.The transaction is valued at over $9 billion, making it one of the largest in crypto history.The sale was reportedly part of the investor’s estate planning strategy.One of the Largest Bitcoin Sales in HistoryAccording to Wu, Galaxy Digital confirmed on Monday that it had completed the sale of more than 80,000 Bitcoins (BTC) for a Satoshi-era investor.The transaction, worth over $9 billion at current market prices, ranks among the largest notional Bitcoin transfers ever handled by an institutional entity.Estate Planning, Not Panic SellingGalaxy Digital clarified that the move was not a distress sale but rather part of the investor’s long-term estate planning.Industry observers note that such transactions demonstrate the growing sophistication of crypto wealth management and the role of firms like Galaxy in handling massive Bitcoin holdings for ultra-high-net-worth individuals.
Its going back
RayhanBros
--
Bearish
$ETH Close or Hold?
Cryptopolitan
--
Coinbase hacker goes long ETH as it hits $3,700
A controversial wallet linked to one of the massive hacks in the crypto market is back in action. On-chain data shows that the hacker responsible for looting over $300 million from Coinbase users has gone long on Ethereum (ETH).
The wallet reportedly linked to the hacker scooped 649.62 ETH (approx. worth $2.31 million) at an average price of $3,561. This move follows a month-long laundering campaign and signals that the attacker is now taking a directional bet on Ethereum’s upside. Ether price has jumped by 26% over the last 7 days.
Ethereum hits $3,700 as whales flood in
Data shared by Lookonchain shows that the same Coinbase hacker wallet has added 4,863 Ethereum (approx. worth $12.55 million) on July 7 at the average price of 2,581. However, two months ago, the exploiter sold 26,762 ETH (approx. worth $69.25 million) when it was trading around $2,588.
This isn’t the only big money moving into ETH, as two newly created institutional-grade wallets purchased a combined 58,268 ETH, worth an estimated $212 million. The accumulation was done via FalconX and Galaxy Digital.
The hacker who stole $300M+ from #Coinbase users bought another 649.62 $ETH($2.31M) at $3,561 9 hours ago.https://t.co/u0exg3Oaaohttps://t.co/2bLvhTVVhu pic.twitter.com/wyjCXPbQMe
— Lookonchain (@lookonchain) July 20, 2025
On the other side, a known whale wallet (0xd5ff) closed a long ETH position a few hours ago while locking in a $1.7 million profit. Over the past four days, the same address executed six ETH long trades, all of which remained profitable for him. It holds a total profit haul nearing $3 million.
The largest altcoin is riding the bullish wave very well and has posted gains of more than 125% in the last 90 days. Ethereum is trading at an average price of $3,705 at press time. Its 24-hour trading volume hovers around $30 billion.
Source: SoSoBValue
The institutional appetite for Ethereum is still accelerating. Ether-linked US ETFs recorded $402.5 million inflow on Friday and outpaced Bitcoin’s $363.45 million. BlackRock’s ETHA fund alone accounted for $394.91 million of that total. Fidelity’s FETH and Grayscale’s ETHE recorded modest outflows. Ether ETF trading volumes hit $2.8 billion, while total assets under management for Ether products surged to a record $18.37 billion.
Inside Coinbase’s $300M ETH heist
The Coinbase hack itself remains one of the most controversial incidents in 2025. As first reported by on-chain investigator ZachXBT, the attacker initially swapped $42.5 million worth of stolen Bitcoin for Ethereum via Thorchain. They later converted nearly 18,000 ETH into over $45 million in DAI stablecoins, further obfuscating the trail.
The breach reportedly stemmed from a social engineering scheme. Hackers bribed external contractors and support employees located outside the United States to gain access to sensitive user data, impacting 97,000 Coinbase accounts.
Login credentials weren’t compromised, but names, addresses, and emails were exposed. Coinbase has pledged to reimburse affected users and estimate damages. However, the company reportedly refused to meet the attacker’s $20 million ransom demand.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The wallet reportedly linked to the hacker scooped 649.62 ETH (approx. worth $2.31 million) at an average price of $3,561. This move follows a month-long laundering campaign and signals that the attacker is now taking a directional bet on Ethereum’s upside. Ether price has jumped by 26% over the last 7 days.
Ethereum hits $3,700 as whales flood in
Data shared by Lookonchain shows that the same Coinbase hacker wallet has added 4,863 Ethereum (approx. worth $12.55 million) on July 7 at the average price of 2,581. However, two months ago, the exploiter sold 26,762 ETH (approx. worth $69.25 million) when it was trading around $2,588.
This isn’t the only big money moving into ETH, as two newly created institutional-grade wallets purchased a combined 58,268 ETH, worth an estimated $212 million. The accumulation was done via FalconX and Galaxy Digital.
The hacker who stole $300M+ from #Coinbase users bought another 649.62 $ETH($2.31M) at $3,561 9 hours ago.https://t.co/u0exg3Oaaohttps://t.co/2bLvhTVVhu pic.twitter.com/wyjCXPbQMe
— Lookonchain (@lookonchain) July 20, 2025
On the other side, a known whale wallet (0xd5ff) closed a long ETH position a few hours ago while locking in a $1.7 million profit. Over the past four days, the same address executed six ETH long trades, all of which remained profitable for him. It holds a total profit haul nearing $3 million.
The largest altcoin is riding the bullish wave very well and has posted gains of more than 125% in the last 90 days. Ethereum is trading at an average price of $3,705 at press time. Its 24-hour trading volume hovers around $30 billion.
Source: SoSoBValue
The institutional appetite for Ethereum is still accelerating. Ether-linked US ETFs recorded $402.5 million inflow on Friday and outpaced Bitcoin’s $363.45 million. BlackRock’s ETHA fund alone accounted for $394.91 million of that total. Fidelity’s FETH and Grayscale’s ETHE recorded modest outflows. Ether ETF trading volumes hit $2.8 billion, while total assets under management for Ether products surged to a record $18.37 billion.
Inside Coinbase’s $300M ETH heist
The Coinbase hack itself remains one of the most controversial incidents in 2025. As first reported by on-chain investigator ZachXBT, the attacker initially swapped $42.5 million worth of stolen Bitcoin for Ethereum via Thorchain. They later converted nearly 18,000 ETH into over $45 million in DAI stablecoins, further obfuscating the trail.
The breach reportedly stemmed from a social engineering scheme. Hackers bribed external contractors and support employees located outside the United States to gain access to sensitive user data, impacting 97,000 Coinbase accounts.
Login credentials weren’t compromised, but names, addresses, and emails were exposed. Coinbase has pledged to reimburse affected users and estimate damages. However, the company reportedly refused to meet the attacker’s $20 million ransom demand.
Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Cryptopolitan
--
Global crypto market cap is nearing a $4 trillion valuation
The global cryptocurrency market is nearing the $4 trillion mark, with major coins gaining a strong foothold and with growing confidence associated with potential U.S. regulatory clarity.
Bitcoin (BTC) surged to over $120,000, and Ether (ETH) reached a high of $3,640 following the 8% daily increase. Ripple’s XRP soared almost 20% to touch a high of 2025 at $3.64. CoinMarketCap lists the market cap as $3.88 trillion, whereas TradingView cites the capitalization at $3.85 trillion. CoinGecko has already listed the total above $4 trillion.
JUST IN: The total crypto market cap has hit a new ATH of $4T. pic.twitter.com/gE8hRFegwz
— CoinGecko (@coingecko) July 18, 2025
Bitcoin’s performance shows an increase in institutional demand, whereas the 40% gain of Ethereum in two weeks suggests that smart contracts are the most in-demand. The surge in XRP’s price also reflects increased demand for remittance-friendly tokens. Cardano (ADA) took part in the rally and gained 14.6%.
The renewed push in the market began in November 2024, when Donald Trump won the elections. Bitcoin gained 36% that month, its fourth-best performance since 2021.
GENIUS Act and CBDC ban define Washington’s crypto pivot
The gains come after three significant crypto bills passed in the U.S House of Representatives. Among the most influential developments was the enactment of the GENIUS Act. The bill establishes a structure to regulate stablecoins and provide consumer protection. The House approved it and is currently awaiting the signature of the President.
Another bill targets regulatory clarity, which seeks to separate the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). It seeks to distinguish between commodities and securities in the digital asset world. The bill is now moving to the Senate.
A third bill was also enacted by a narrow margin, given that it would not allow the issuance of any central bank digital currency in the future. The proposal bans a U.S. government-backed digital dollar, which is also being considered in the Senate.
The three bills are part of what the Trump administration has called “crypto week,” which aims to make the United States a global leader in blockchain finance. The administration says that it desires to create the “crypto capital of the world,” using the power of law to create transparency and opportunity to push innovation.
Trump’s crypto links stir conflict concerns
While crypto markets rally on policy progress, President Trump has had direct exposure to the industry, which has raised concerns. The financial disclosures made in July 2025 revealed that he obtained $58 million in 2024 related to crypto activities, mainly through the sale of WLFI tokens associated with World Liberty Financial.
Those earnings ranked behind only his hospitality earnings and are projected to increase. Projections in 2025 predict a further $390 million through token sales and through his meme coin, launched earlier this year.
The disclosures also show Trump has invested in digital ETFs, tokenized real estate, and mining Bitcoins, raising concerns about transparency and impact. His critics have said such investments are a conflict of interest because his administration promotes pro-industry reforms.
The current crypto movement resembles the 2021 bull run market cap, which reached over $3 trillion in a rally marked by DeFi, NFTs, and pandemic liquidity. That upward momentum was interrupted by the crash of large exchanges such as FTX and Terra, and the price of Bitcoin bottomed at $15,625. The crypto market very close to a $4 trillion market cap, making the market cap almost as large as that of the world’s most valuable publicly traded company, Nvidia.
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Bitcoin (BTC) surged to over $120,000, and Ether (ETH) reached a high of $3,640 following the 8% daily increase. Ripple’s XRP soared almost 20% to touch a high of 2025 at $3.64. CoinMarketCap lists the market cap as $3.88 trillion, whereas TradingView cites the capitalization at $3.85 trillion. CoinGecko has already listed the total above $4 trillion.
JUST IN: The total crypto market cap has hit a new ATH of $4T. pic.twitter.com/gE8hRFegwz
— CoinGecko (@coingecko) July 18, 2025
Bitcoin’s performance shows an increase in institutional demand, whereas the 40% gain of Ethereum in two weeks suggests that smart contracts are the most in-demand. The surge in XRP’s price also reflects increased demand for remittance-friendly tokens. Cardano (ADA) took part in the rally and gained 14.6%.
The renewed push in the market began in November 2024, when Donald Trump won the elections. Bitcoin gained 36% that month, its fourth-best performance since 2021.
GENIUS Act and CBDC ban define Washington’s crypto pivot
The gains come after three significant crypto bills passed in the U.S House of Representatives. Among the most influential developments was the enactment of the GENIUS Act. The bill establishes a structure to regulate stablecoins and provide consumer protection. The House approved it and is currently awaiting the signature of the President.
Another bill targets regulatory clarity, which seeks to separate the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). It seeks to distinguish between commodities and securities in the digital asset world. The bill is now moving to the Senate.
A third bill was also enacted by a narrow margin, given that it would not allow the issuance of any central bank digital currency in the future. The proposal bans a U.S. government-backed digital dollar, which is also being considered in the Senate.
The three bills are part of what the Trump administration has called “crypto week,” which aims to make the United States a global leader in blockchain finance. The administration says that it desires to create the “crypto capital of the world,” using the power of law to create transparency and opportunity to push innovation.
Trump’s crypto links stir conflict concerns
While crypto markets rally on policy progress, President Trump has had direct exposure to the industry, which has raised concerns. The financial disclosures made in July 2025 revealed that he obtained $58 million in 2024 related to crypto activities, mainly through the sale of WLFI tokens associated with World Liberty Financial.
Those earnings ranked behind only his hospitality earnings and are projected to increase. Projections in 2025 predict a further $390 million through token sales and through his meme coin, launched earlier this year.
The disclosures also show Trump has invested in digital ETFs, tokenized real estate, and mining Bitcoins, raising concerns about transparency and impact. His critics have said such investments are a conflict of interest because his administration promotes pro-industry reforms.
The current crypto movement resembles the 2021 bull run market cap, which reached over $3 trillion in a rally marked by DeFi, NFTs, and pandemic liquidity. That upward momentum was interrupted by the crash of large exchanges such as FTX and Terra, and the price of Bitcoin bottomed at $15,625. The crypto market very close to a $4 trillion market cap, making the market cap almost as large as that of the world’s most valuable publicly traded company, Nvidia.
Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Binance News
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WBTC Reaching a New All-Time High, Increase of 3.77% in 24 Hours
On Jul 14, 2025, 06:21 AM(UTC). according to Binance Market Data, WBTC has achieved a new all-time high, trading at 122,126.86 USDT. The 24-hour increase of 3.77%
Cryptopolitan
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Forget Dogecoin (DOGE), This Underrated Crypto Is 72% Sold and May Explode 10X in Months
Dogecoin (DOGE) has long been a favorite of meme traders, but when it comes to actual DeFi functionality, it rarely sees serious utility. It’s popular for tweets and trends—but that’s where the story ends. In contrast, Mutuum Finance (MUTM) is giving assets like DOGE a new purpose, transforming them from static holdings into active tools within a decentralized financial ecosystem. Through Mutuum Finance (MUTM)’s P2P (Peer-to-Peer) lending model, DOGE holders will be able to use their tokens as overcollateral to borrow assets like USDT directly from other users—unlocking liquidity without giving up DOGE’s upside potential.
This model is built for real-world use and will become fully functional upon platform launch. A DOGE holder can create a custom loan agreement, set their preferred terms, and overcollateralize according to the asset’s risk profile. Lenders on the other side can accept the offer and transfer USDT, all facilitated by smart contracts without intermediaries. Because all loan terms—such as interest rate, loan amount, and repayment conditions—are flexible and agreed upon by both parties, users stay in full control of their positions. With no fixed loan expiry, borrowers will be able to repay anytime and reclaim their DOGE, making this an ideal solution for accessing short-term liquidity while holding onto volatile or growth-focused assets.
Yield for Lenders, Utility for Borrowers
While P2P lending will unlock utility for meme tokens like DOGE, Mutuum Finance (MUTM)’s P2C (Peer-to-Contract) model is being built for more stable, blue-chip assets. Lenders will be able to deposit tokens like MATIC, BNB, or DAI into risk-tiered smart contract pools and receive mtTokens in return. These mtTokens will represent their stake in the pool and will automatically increase in value as borrowers tap into the available liquidity.
Interest rates in this model will be determined by the demand for each asset, the loan-to-value (LTV) ratio applied, and the utilization of the pool. For example, one lender deposited 1,000 MATIC (valued at $800) into a P2C pool. A borrower will be able to access a loan using SOL as overcollateral at a 75% LTV. This setup will allow the lender to earn steady passive income through dynamically adjusting APYs, expected to range from 6% to 9% depending on borrowing activity or the pool utilization.
All lending activity will remain non-custodial and fully trustless. Deposits will be secured in on-chain smart contracts, and users will receive mtTokens that represent their underlying assets. These mtTokens will be freely transferable and usable within the Mutuum Finance (MUTM) ecosystem. Users will also be able to stake mtTokens in designated smart contracts to receive MUTM token dividends—distributed through a regular buyback mechanism funded by protocol-generated revenue.
The Window Is Closing Fast—Presale Price About to Rise
Mutuum Finance (MUTM) is currently in Phase 5 of its presale, priced at just $0.03 per token. Already 72% of this allocation has been sold, and over 13,000 holders have joined the ecosystem, contributing to more than $12.15 million raised so far. With the next phase set to increase the price by 20% to $0.035, buyers still have a narrow window to get in before the revaluation. Once the token lists at $0.06, today’s entry point will be locked in at half the public price.
Some early movers have already seen major returns. For example, one trader exited their Dogecoin (DOGE) position near its recent local top and allocated $15,000 into Phase 1 of the Mutuum Finance (MUTM) presale at $0.01 per token.
That initial investment secured 1,500,000 MUTM tokens. As the presale progressed through multiple phases, the token price increased to $0.03, effectively tripling the original capital to a current paper value of $45,000. With the listing price targeted at $0.06, this early stake has a projected 6x upside, which would grow the position’s value to $90,000 if the token launches at the expected rate.
As interest continues to build and token supply tightens in the upcoming phases, new entrants will inevitably face higher prices—and significantly fewer tokens per dollar invested. For comparison, if the same trader were to invest $15,000 today at the current Phase 5 price of $0.03, they would only receive 500,000 tokens—one-third of the original allocation.
To boost community engagement and ensure a secure rollout, Mutuum Finance (MUTM) has partnered with CertiK, the leading blockchain security firm. A full audit has been completed, and a $50,000 Bug Bounty Program is now live, incentivizing developers to stress-test the platform before mainnet release. Alongside this, a $100,000 giveaway is currently underway, with ten early participants each set to receive $10,000 worth of MUTM tokens—a bold move to reward those who joined before the mainstream rush.
Mutuum Finance (MUTM) isn’t about hype—it’s about function. Whether you’re holding DOGE or blue-chip assets, this ecosystem offers real-world lending utility, flexible capital access, and passive income through protocol participation. At $0.03, this token is not just 72% sold—it’s 100% loaded with purpose.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
This model is built for real-world use and will become fully functional upon platform launch. A DOGE holder can create a custom loan agreement, set their preferred terms, and overcollateralize according to the asset’s risk profile. Lenders on the other side can accept the offer and transfer USDT, all facilitated by smart contracts without intermediaries. Because all loan terms—such as interest rate, loan amount, and repayment conditions—are flexible and agreed upon by both parties, users stay in full control of their positions. With no fixed loan expiry, borrowers will be able to repay anytime and reclaim their DOGE, making this an ideal solution for accessing short-term liquidity while holding onto volatile or growth-focused assets.
Yield for Lenders, Utility for Borrowers
While P2P lending will unlock utility for meme tokens like DOGE, Mutuum Finance (MUTM)’s P2C (Peer-to-Contract) model is being built for more stable, blue-chip assets. Lenders will be able to deposit tokens like MATIC, BNB, or DAI into risk-tiered smart contract pools and receive mtTokens in return. These mtTokens will represent their stake in the pool and will automatically increase in value as borrowers tap into the available liquidity.
Interest rates in this model will be determined by the demand for each asset, the loan-to-value (LTV) ratio applied, and the utilization of the pool. For example, one lender deposited 1,000 MATIC (valued at $800) into a P2C pool. A borrower will be able to access a loan using SOL as overcollateral at a 75% LTV. This setup will allow the lender to earn steady passive income through dynamically adjusting APYs, expected to range from 6% to 9% depending on borrowing activity or the pool utilization.
All lending activity will remain non-custodial and fully trustless. Deposits will be secured in on-chain smart contracts, and users will receive mtTokens that represent their underlying assets. These mtTokens will be freely transferable and usable within the Mutuum Finance (MUTM) ecosystem. Users will also be able to stake mtTokens in designated smart contracts to receive MUTM token dividends—distributed through a regular buyback mechanism funded by protocol-generated revenue.
The Window Is Closing Fast—Presale Price About to Rise
Mutuum Finance (MUTM) is currently in Phase 5 of its presale, priced at just $0.03 per token. Already 72% of this allocation has been sold, and over 13,000 holders have joined the ecosystem, contributing to more than $12.15 million raised so far. With the next phase set to increase the price by 20% to $0.035, buyers still have a narrow window to get in before the revaluation. Once the token lists at $0.06, today’s entry point will be locked in at half the public price.
Some early movers have already seen major returns. For example, one trader exited their Dogecoin (DOGE) position near its recent local top and allocated $15,000 into Phase 1 of the Mutuum Finance (MUTM) presale at $0.01 per token.
That initial investment secured 1,500,000 MUTM tokens. As the presale progressed through multiple phases, the token price increased to $0.03, effectively tripling the original capital to a current paper value of $45,000. With the listing price targeted at $0.06, this early stake has a projected 6x upside, which would grow the position’s value to $90,000 if the token launches at the expected rate.
As interest continues to build and token supply tightens in the upcoming phases, new entrants will inevitably face higher prices—and significantly fewer tokens per dollar invested. For comparison, if the same trader were to invest $15,000 today at the current Phase 5 price of $0.03, they would only receive 500,000 tokens—one-third of the original allocation.
To boost community engagement and ensure a secure rollout, Mutuum Finance (MUTM) has partnered with CertiK, the leading blockchain security firm. A full audit has been completed, and a $50,000 Bug Bounty Program is now live, incentivizing developers to stress-test the platform before mainnet release. Alongside this, a $100,000 giveaway is currently underway, with ten early participants each set to receive $10,000 worth of MUTM tokens—a bold move to reward those who joined before the mainstream rush.
Mutuum Finance (MUTM) isn’t about hype—it’s about function. Whether you’re holding DOGE or blue-chip assets, this ecosystem offers real-world lending utility, flexible capital access, and passive income through protocol participation. At $0.03, this token is not just 72% sold—it’s 100% loaded with purpose.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
Cryptopolitan
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James Wynn's X account deactivated after 9-digit losses
Crypto trader James Wynn disappeared from social media after suffering losses in the nine figures. For now, it looks like the high-risk trader finally crashed out, as his personal X account has been deactivated.
Searching for Wynn’s old username, “JamesWynnReal,” on X now returns an error message that says, “This account doesn’t exist.” Right before he deactivated his account, Wynn changed his profile description to “broke.”
Wynn’s old X username returns an account error. Source: X
Blockchain trackers Hypurrscan and Arkham Intelligence report that the combined funds in his wallets now stand at only $10,157.46.
James Wynn(@JamesWynnReal) has deactivated his X account!
What happened? Did he blow up completely?
All his wallets and Hyperliquid balance combined are down to just $10,176.https://t.co/FX6sISVWOhhttps://t.co/snkLcUUgXb pic.twitter.com/bkkxOpo7hZ
— Lookonchain (@lookonchain) July 12, 2025
The trader was known for placing high-leverage bets that often ran opposite to the broader market. Due to this, Wynn received a lot of attention and scrutiny from fellow traders.
His strategy relied on making high-leverage bets on Hyperliquid while enjoying the benefits of the resulting social media engagement. More often than not, the trader watched the market react opposite to his bet.
Wynn lost hundreds of millions betting on BTC futures
During May, Wynn’s position in BTC stood to lose roughly $100 million when Bitcoin’s price slipped below $105k. That triggered liquidations of 949 BTC, effectively erasing his long-BTC holdings.
In a post he later removed, Wynn said, “I do not follow proper risk management, nor do I claim to be a professional; if anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything. I strongly advise people against what I’m doing.”
Instead of slowing down, Wynn once again opened a $100 million bet days later. Wynn claimed that market makers were intentionally targeting his positions to force a liquidation.
Seeking relief, he asked the community for help. Up to 24 unique wallet addresses sent donation funds to his account.
Shortly after receiving those donations, Wynn sold 240 BTC to push down his liquidation price on his remaining positions. Still, the trader couldn’t save his position and ultimately lost over 99 percent of the second $100 million position.
$198.68 million got liquidated from the broader crypto market in 24 hours
Meanwhile, the broader crypto futures market saw massive liquidations over the last 24 hours.
Liquidation data from CoinGlass at press time shows a total of $198.68 million wiped out in perpetual futures. Long positions accounted for $132.75 million of that total, while shorts made up $65.93 million.
Ethereum traders felt the pinch as well, with $30.84 million in positions closed out. Of that, $21.14 million were longs and $9.26 million were shorts. XRP followed, tallying $16.89 million in liquidations, $13.27 million on the long side, and $3.62 million short.
KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage
Searching for Wynn’s old username, “JamesWynnReal,” on X now returns an error message that says, “This account doesn’t exist.” Right before he deactivated his account, Wynn changed his profile description to “broke.”
Wynn’s old X username returns an account error. Source: X
Blockchain trackers Hypurrscan and Arkham Intelligence report that the combined funds in his wallets now stand at only $10,157.46.
James Wynn(@JamesWynnReal) has deactivated his X account!
What happened? Did he blow up completely?
All his wallets and Hyperliquid balance combined are down to just $10,176.https://t.co/FX6sISVWOhhttps://t.co/snkLcUUgXb pic.twitter.com/bkkxOpo7hZ
— Lookonchain (@lookonchain) July 12, 2025
The trader was known for placing high-leverage bets that often ran opposite to the broader market. Due to this, Wynn received a lot of attention and scrutiny from fellow traders.
His strategy relied on making high-leverage bets on Hyperliquid while enjoying the benefits of the resulting social media engagement. More often than not, the trader watched the market react opposite to his bet.
Wynn lost hundreds of millions betting on BTC futures
During May, Wynn’s position in BTC stood to lose roughly $100 million when Bitcoin’s price slipped below $105k. That triggered liquidations of 949 BTC, effectively erasing his long-BTC holdings.
In a post he later removed, Wynn said, “I do not follow proper risk management, nor do I claim to be a professional; if anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything. I strongly advise people against what I’m doing.”
Instead of slowing down, Wynn once again opened a $100 million bet days later. Wynn claimed that market makers were intentionally targeting his positions to force a liquidation.
Seeking relief, he asked the community for help. Up to 24 unique wallet addresses sent donation funds to his account.
Shortly after receiving those donations, Wynn sold 240 BTC to push down his liquidation price on his remaining positions. Still, the trader couldn’t save his position and ultimately lost over 99 percent of the second $100 million position.
$198.68 million got liquidated from the broader crypto market in 24 hours
Meanwhile, the broader crypto futures market saw massive liquidations over the last 24 hours.
Liquidation data from CoinGlass at press time shows a total of $198.68 million wiped out in perpetual futures. Long positions accounted for $132.75 million of that total, while shorts made up $65.93 million.
Ethereum traders felt the pinch as well, with $30.84 million in positions closed out. Of that, $21.14 million were longs and $9.26 million were shorts. XRP followed, tallying $16.89 million in liquidations, $13.27 million on the long side, and $3.62 million short.
KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage
Binance Square Official
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Next week, the U.S. House of Representatives will hold votes on three major crypto-related bills as part of “Crypto Week” (July 14–18):
🔸 CLARITY Act – Establishes how the SEC and CFTC classify and regulate digital assets
🔸 GENIUS Act – Sets a federal framework for stablecoin issuance and oversight (already passed the Senate)
🔸 Anti-CBDC Act – Prohibits the development of a U.S. central bank digital currency
If passed, these could mark the first major crypto legislation in U.S. history — shaping how digital assets are treated moving forward.
💬 What are you expecting from Crypto Week? Share your thoughts!
👉 Complete daily tasks on Task Center to earn Binance Points:
• Create a post using #USCryptoWeek or the $BTC cashtag,
• Share your Trader’s Profile,
• Or share a trade using the widget to earn 5 points!
(Tap the “+” on the Binance App homepage and select Task Center)
Activity Period: 2025-07-12 06:00 (UTC) to 2025-07-13 06:00 (UTC)
🔸 CLARITY Act – Establishes how the SEC and CFTC classify and regulate digital assets
🔸 GENIUS Act – Sets a federal framework for stablecoin issuance and oversight (already passed the Senate)
🔸 Anti-CBDC Act – Prohibits the development of a U.S. central bank digital currency
If passed, these could mark the first major crypto legislation in U.S. history — shaping how digital assets are treated moving forward.
💬 What are you expecting from Crypto Week? Share your thoughts!
👉 Complete daily tasks on Task Center to earn Binance Points:
• Create a post using #USCryptoWeek or the $BTC cashtag,
• Share your Trader’s Profile,
• Or share a trade using the widget to earn 5 points!
(Tap the “+” on the Binance App homepage and select Task Center)
Activity Period: 2025-07-12 06:00 (UTC) to 2025-07-13 06:00 (UTC)
Binance News
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Bitcoin (BTC) Hits All Time High Crosses 117,000 USDT
According to Binance Market Data, Bitcoin (BTC) crossed the 117,000 USDT benchmark and is now trading at 117,008.320313 USDT, with a 5.38% increase in 24 hours.
Binance News
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Bitcoin and Ethereum Options Set to Expire with Significant Nominal Value
According to Odaily, macro analyst Adam from Greeks.Live shared on the X platform that 37,000 Bitcoin options are set to expire today. The put/call ratio stands at 1.05, with the maximum pain point at $108,000, and a nominal value reaching $4.3 billion. Additionally, 240,000 Ethereum options will also expire, with a put/call ratio of 1.11, a maximum pain point at $2,600, and a nominal value of approximately $710 million.
RayhanBros
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$509,380,000 WORTH OF SHORTS HAS BEEN LIQUIDATED IN THE PAST 24 HOURS.
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