24/7 Blockchain industry dynamics and breaking crypto news
On July 11th, decentralized perpetual contract exchange Hyperliquid launched trading for CASHCAT, a Meme token on Robinhood Chain, with up to 3x leverage. This move provides traders seeking volatility exposure with new leveraged instruments and risk management options.
Read MoreA whale has opened a massive $12.43 million short position on ETH using 25x leverage. The position, opened at $1,790.36, faces liquidation at $1,825.58 and is currently showing an unrealized loss. This high-risk move highlights intense bearish sentiment and significant market volatility surrounding Ethereum's price action.
Read MoreThe U.S. DOJ is moving to dismiss criminal charges against BitClub co-founder Matthew Goettsche, accused of running a $722 million crypto mining fraud scheme from 2014 to 2019. This potential dismissal could signal a significant shift in U.S. crypto enforcement policy.
Read MoreRobinhood is extending its AI agent feature to cryptocurrency trading, allowing eligible US users to connect third-party AI agents to execute trades, develop strategies, and manage risk automatically. Over 70,000 agentic accounts were created during the stock and options trading beta; a crypto launch date is pending.
Read MoreThe 21st Century ROAD to Housing Act is now law, containing a provision that prohibits the Federal Reserve from issuing a central bank digital currency. The bill became law without the President's signature after passing Congress with overwhelming support.
Read MoreOn July 11th, a whale unstaked 440.822 BTC (worth ~$28.27M) from Core DAO and moved it to a new wallet within an hour. This significant capital shift raises questions about whale strategy and BTC staking dynamics.
Read MoreBlockchain data reveals Morgan Stanley has added nearly 1,000 BTC to its holdings over two weeks via its spot Bitcoin ETF, bringing its total to over 5,761 BTC valued at $369M+. This strategic accumulation during market movements highlights growing institutional involvement in digital assets.
Read MoreKey midday updates: Trump announces $250B Micron chip investment, Tether's BTC reserves show activity, ECB warns AI may fuel inflation volatility, and Circle opens tools for USDC-AI integration. Tech and crypto sectors evolve amid innovation and macro risks.
Read MoreOn-chain data reveals that SK Hynix-related contracts SKHX and SKHY on Hyperliquid have surpassed $1 billion in 24-hour trading volume, exceeding Ethereum to become the platform's second most active asset by volume. SKHX volume hit $698M with $494M open interest, while SKHY traded $317M with $117M open interest and maintains a roughly 17% premium.
Read MoreOn-chain data reveals a crypto whale made $770K profit on SK Hynix's Korean shares, then lost it all trading the US-listed stock within two hours. The investor has now pivoted, opening a $20 million long position on Nvidia, showcasing high-risk arbitrage tactics.
Read MoreSky Protocol's annualized revenue surged to a record $419M, with sUSDS holders earning over $250M. Reserve assets grew to $82.5M, and a new fixed-income product with Pendle attracted $44.1M TVL in one month. SKY token rose over 20% since early July.
Read MoreAfter eight years at Coinbase, engineering lead Brock Miller has departed to join AI firm Anthropic as a Member of Technical Staff. He cites the transformative potential of AI on software engineering as a key driver for this career shift.
Read MoreOn July 11, US President Trump issued a stern warning that any Iranian attempt to act on assassination threats would trigger thousands of US missile strikes. He stated the military is fully prepared with targets locked, capable of destroying Iran within a year.
Read MoreCircle has open-sourced its Agent Stack launch kit, enabling developers to easily integrate digital wallets, USDC payments, and on-chain operations into AI agents built with popular frameworks, simplifying the fusion of AI and blockchain.
Read MoreRecent data shows US spot Bitcoin ETFs recorded a net inflow of $90.42 million on July 11, indicating sustained institutional interest. This continued demand highlights investor confidence in regulated crypto investment vehicles.
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