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A whale who profited $13.6M on Hyperliquid is back with a massive 40x Bitcoin short worth $118.8M.Whale Returns With Massive BTC ShortEarly Gains: $1.1M Unrealized ProfitWhat It Means for the Market
More than 1,400 altcoins have gone inactive, signaling a cleanup in the crypto market and paving the way for stronger projects.Altcoin Cleanup: Over 1,400 Coins Are Now InactiveWhy So Many Altcoins FailedA Stronger Market May Be Ahead
Altcoin accumulation continues as markets stay calm. Summer chop offers ideal entry points before the next move.Liquidation Dips Present Prime Entry PointsAccumulation Phase Could Be Key Before Next Surge
SOL price is hovering near $148 just as its transaction count flips above price for the first time since 2020. With net outflows steady, SOPR under 1, and MACD signaling a reversal, the setup hints at a potential breakout from the falling wedge.
Capriole Funds founder Charles Edwards has declared that “Bitcoin is now made in America,” after new data revealed the U.S. now accounts for over 75% of global Bitcoin mining.
The Smarter Web Company PLC has deepened its commitment to Bitcoin with the acquisition of an additional 226.42 BTC, reinforcing its long-term strategy to position the asset at the core of its treasury model.
Ukraine has announced a sweeping new sanctions package aimed squarely at disrupting Russia’s use of cryptocurrencies to fund its ongoing war, President Volodymyr Zelenskyy confirmed on Sunday, intensifying Kyiv’s efforts to block digital channels allegedly fueling Moscow’s military.
Ethereum may soon introduce a cap on the amount of gas a single transaction can consume, under a new proposal co-authored by Ethereum co-founder Vitalik Buterin and researcher Toni Wahrstätter.
- 16:16Blockskye Raises $15.8 Million in Series C Funding Led by BlockchangeAccording to ChainCatcher, as reported by The Block, Blockskye, a company building blockchain infrastructure for business travel, has completed a $15.8 million Series C funding round. The round was led by Blockchange, with participation from United Airlines Ventures, Lightspeed Faction, KSV Global, Lasagna, Litquidity Ventures, Longbrook Ventures, and TFJ Capital. This round of financing was conducted through a priced equity transaction and included token warrants. Blockskye is also preparing to launch a new payment product.
- 16:08Yala Releases Tokenomics: Total Supply of 1 Billion Tokens, 3.4% Allocated to AirdropAccording to ChainCatcher, Yala has announced that the YALA token is now live and has released its tokenomics. The total supply is fixed at 1 billion tokens, with the following specific allocations: Investors (15.98%): 1-year lock-up, followed by quarterly vesting over 18 months; Ecosystem and Community (20%): 45% unlocked at TGE, with the remaining 55% released linearly over 24 months; Foundation and Treasury (29.12%): 30% unlocked at TGE, 1-year lock-up period, then linear vesting over 36 months; Marketing (10%): 20% unlocked at TGE, 1-year lock-up, followed by linear vesting over 24 months; Team (20%): 1-year lock-up, then linear monthly vesting over 24 months; Airdrop (3.4%): One-time distribution to early adopters, testnet and mainnet participants, and users who made significant contributions to the Yala and Yeti Footprints programs, fully unlocked at TGE; Market Makers (1.5%): Vesting schedule subject to terms negotiated in the market-making agreement.
- 16:08Russia’s Largest Bank Sberbank Plans to Offer Custody Services for Crypto Assets in RussiaAccording to ChainCatcher, citing a Reuters report, Russia’s largest bank, Sberbank, announced on Thursday that it hopes to provide custodial services for Russian cryptocurrency assets, aiming to play a leading role in the development of digital assets in Russia. Anatoly Pronin, Executive Director of Sberbank’s Alternative Payment Solutions Department, stated that after observing more and more foreign banks offering custodial services, the bank has submitted proposals to the central bank regarding the regulation of domestic crypto assets. During a cryptocurrency regulation discussion, Pronin said that Sberbank’s proposal would regulate crypto assets in a manner similar to bank account assets, and the bank would ensure the security of tokens. Acting as a custodian for clients’ crypto assets means that if law enforcement suspects misconduct, these assets could be frozen. However, this approach would make transactions more convenient and protect accounts from hacker attacks.