Amidst significant backlash for opting not to speak at the Bitcoin Conference, Vice President Kamala Harris has found an ally in SkyBridge founder Anthony Scaramucci.
Voicing his support for the presumptive Democratic presidential nominee, Scaramucci criticized the ongoing narrative suggesting Harris’s administration’s hostility towards crypto. He contrasted this with former President and Republican nominee Donald Trump’s history of calling Bitcoin a “scam” as recently as 2022.
Scaramucci Urges Patience with Harris’s Crypto Strategy
Crypto advocates have long criticized the Biden-Harris administration’s approach to the industry. Although Vice President Harris recently gained the majority of Democratic delegates’ support to become the party’s presidential nominee, her

Coinbase’s UK unit – CB Payments Limited (CBPL) – was fined $4.5 million by the UK financial regulatory agency, the Financial Conduct Authority (FCA), for repeatedly violating a requirement that barred the firm from providing services to high-risk customers.
While CBPL itself does not handle crypto transactions for customers, it serves as a “gateway” for trading through other entities within the Coinbase Group. However, CBPL is not currently registered to conduct crypto activities in the UK.
Breaching Crypto Trading Restrictions
In October 2020, following significant engagement with the FCA over concerns regarding the effectiveness of CBPL’s financial crime control framework, the firm entered into a voluntary requirement (the VREQ). It restricted CBPL from onboarding new

President Joe Biden’s withdrawal from the 2024 election race caused a significant stir in the crypto market. Bitcoin initially fell by 3% in response to the news but later recovered and even tapped a multi-week peak.
According to Bitfinex analysts, this was a knee-jerk reaction to temporary uncertainty in the market. By Monday morning, Bitcoin had climbed 0.9% over the past 24 hours, reaching over $68,000 for the first time since early June.
Now all eyes are on what Vice-President Kamala Harris’s crypto policies will entail who secured the support of a majority of Democratic delegates to become the party’s nominee for President.
Investors Cautious as Harris Takes Lead
According to a statement to CryptoPotato, analysts at Bitfinex said that the impact of Biden stepping down

Beginning in early July, the defunct crypto exchange – Mt. Gox – initiated repayments to creditors affected by the 2014 hack. While Kraken has completed the distribution of all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the former’s price remained stable.
This could be due to the fact that creditors on Kraken have refrained from offloading their tokens.
Mt Gox’s repayments had sparked significant concerns among crypto investors, who feared that many of the creditors would sell their BTC stash, potentially leading to a sharp drop in prices as seen during the selling spree of confiscated BTC by Germany’s Saxony state.
CryptoQuant’s latest analysis, however, sheds light on an interesting behavior of Mt.Gox creditors as they receive their long-awaited Bitcoin

Ether’s has failed to gain any upward traction despite the hype around it. Instead, the altcoin ended up shedding nearly 2% over the past 24 hours as it hovered near $3,460 despite a strong debut for spot Ethereum ETFs. This tepid price movement contrasts with the strong trading activity recorded by these new investment vehicles on the very first day.
However, the resurgence in whale accumulation tells a different story.
Ethereum’s Aggressive Accumulation
According to the latest data shared by IntoTheBlock, there’s a significant trend in Ethereum accumulation despite a recent dip in Ether prices. On July 23rd, large holders amassed a whopping 112.9k ETH, which is worth nearly $390 million.
Such aggressive accumulation by prominent investors suggests a strong belief in

The US government transferred 58.742 BTC – worth nearly $4 million, to crypto exchange Coinbase on Monday.
According to the latest data compiled by blockchain analytics firm Arkham Intelligence, the transfer came from an address labeled “US Government: Ryan Farace Seized Funds,” identified on the blockchain as 3B2jEBZi8fJWGEDrh6Pe7hDMaJ6iGfFtaU.
These funds were confiscated three years ago from a Maryland resident, Ryan Farace, who was convicted in 2018 for selling Alprazolam, the generic form of Xanax, over the dark web.
Subsequently, Ryan’s father, Joseph Farace, was also convicted for laundering and trafficking bitcoin proceeds intended for federal forfeiture. The Department of Justice eventually recovered 2,933 BTC from the father-son pair and announced plans to

Investment in digital asset products continued to rise, with inflows reaching $1.35 billion last week, totaling $3.2 billion over the past three weeks.
Trading volumes for Exchange Traded Products (ETPs) also saw a significant increase, up 45% week-over-week to $12.9 billion. However, this accounted for a lower-than-usual 22% of the overall crypto market volumes.
Bitcoin Sees Inflows Amid Strong Market Sentiment
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin experienced $1.27 billion in inflows last week.
In contrast, short-bitcoin ETPs saw additional outflows of $1.9 million, dragging outflows since March to $44 million. Such a trend suggests investors are less worried about bitcoin’s price trajectory and appear to be moving

Over the past ten years, Ethereum has transformed the blockchain landscape.
From its initial coin offering to becoming the second-largest crypto by market cap, Ethereum has continuously evolved, implementing major upgrades like the shift to Proof-of-Stake (PoS) and Layer 2 scaling solutions and cementing its position as a cornerstone of the Web3 ecosystem despite the emergence of several alternatives over the years.
Ethereum’s 10-Year Journey
Reflecting on its origins, Ethereum Foundation researcher Justin Drake pointed out that Ethereum’s initial coin offering (ICO) began on July 22, 2014, with the price being 2,000 ETH per sale unit per BTC in a fully permissionless environment devoid of venture capital influence or vesting periods.
This rate only applied for the first

Japanese investment firm Metaplanet has been on an aggressive Bitcoin buying spree. Earlier this week, it announced adding 21.877 BTC to its stash, bringing its total holdings to 225.611 BTC.
At the current price, the Tokyo-listed company now holds Bitcoins worth almost $14.8 million. This investment strategy appears to have paid off as Metaplanet experienced an incredible surge in its shares this year, with a major boost recorded in May after the company announced tapping Bitcoin.
Metaplanet’s Bitcoin Strategy Pays Off
Following a series of acquisitions, Metaplanet has cemented its position as the 21st largest corporate BTC holder globally, according to CoinGecko.
The market’s response to this news appears to have been overwhelmingly positive. According to data compiled

Three individuals have been arrested by the Hong Kong police suspected of defrauding a businessman out of HK$3.11 million, worth around $399,000, in crypto assets by offering him three bundles of counterfeit HK$1,000 banknotes.
The officers reportedly confiscated 10,978 fake HK$1,000 banknotes during a raid on the Mong Kok office, where the fraudulent transaction took place last week.
Cryptocurrency Fraud Bust
A source told the South China Morning Post that the 44-year-old businessman was shown three bundles of what appeared to be HK$1,000 banknotes at the Nathan Road location before being instructed to transfer HK$3.11 million in Tether’s USDT stablecoin to a specified digital wallet.
An insider was quoted saying,
“Except for two genuine banknotes placed on the top and

Kraken Institutional, the specialized division catering to institutional investors of US-based crypto exchange Kraken, has announced the international expansion of its custody services into the UK and Australia.
This move marks its first venture following its initial launch earlier this year.
Kraken Custody’s Expansion
According to the official press release, institutional clients in the UK and Australia can utilize Kraken Custody to securely store, manage, and transfer their crypto assets starting July 18th.
Commenting on the platform’s decision to expand its foothold, Tim Ogilvie, Head of Kraken Institutional, said,
“Kraken has long had a strong presence in the UK and Australia, so they were the prime destinations to expand Kraken Custody to. Both markets have

Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls.
This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises.
Sizeable Institutional Interest
In its latest update, crypto trading firm, QCP Capital said that Bitcoin price action has been resilient despite ongoing challenges such as the continued Mt. Gox supply and declining equities. This stability might indicate that the market has largely overcome its previous concerns.
Perpetual funding rates have normalized, volatility is decreasing, and Bitcoin appears to have settled back into its familiar trading zone of $61,000 to $71,000,

Singapore-based cryptocurrency exchange – Bybit – has released its 12th proof of reserve (PoR) report, which highlights significant changes in user asset holdings compared to the previous month.
The current PoR revealed a Bitcoin reserve ratio of 107%, Ether’s at 105%, and Tether’s at 103%.
Bybit’s 12th PoR
The report shows that Bybit’s wallets held 48,298 BTC against a user balance of 44,872 BTC as of July 10th. The exchange’s wallets also contain 438,107 ETH and 2,955,970,160 USDT against a user balance of 416,219 ETH and 2,867,177,050 USDT, respectively.
Notably, user Bitcoin assets increased by 5.62% since the last audit on June 6th, equivalent to an additional 2,386 BTC. User Ether assets also experienced growth, though more modestly, with a 0.46% increase. The most

In response to the devastating $230 million security breach, WazirX revealed that it has filed a formal police complaint and is exploring additional legal avenues to hold those responsible accountable.
Immediate actions include reporting the incident to the Financial Intelligence Unit (FIU) and the Indian Computer Emergency Response Team (CERT-In).
WazirX’s Comprehensive Action Plan
In the latest update, the Indian crypto exchange also said that it has reached out to over 500 exchanges to block the compromised addresses. Many of them are cooperating, and WazirX is now leveraging their support to speed up recovery efforts.
The company’s plan of action focuses on tracing the stolen funds, recovering customer assets, and performing a thorough investigation into the attack.

Charles Hoskinson, the co-founder of Input Output Global (IOG) and the Cardano blockchain platform, believes that re-electing President Joe Biden is a vote for the death of the American crypto industry.
While strongly refuting Ethereum co-founder Vitalik Buterin’s stance on political engagement, Hoskinson advocated for a more aggressive approach to safeguarding the industry while simultaneously emphasizing that the primary goal should be to keep government interference in crypto to a minimum.
Biden’s Presidency Threatens Crypto
In his latest tweet, Hoskinson argued that if politicians understand that actions against the crypto industry, such as promoting central bank digital currencies (CBDCs), suing non-custodial wallets, jailing crypto leaders, and labeling all tokens as

BitMEX co-founder Arthur Hayes’ crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The focus will also be to improve its resilience, scalability, censorship resistance, and privacy characteristics.
On its official website, Maelstrom said that it can support Bitcoin developers and is committed to an “open and transparent grant process.”
Bitcoin Grant Program to Foster Innovation
Grants will be awarded between $50,000 and $150,000 per applicant, distributed over 12 months in monthly payments in bitcoin (BTC) or stablecoins Circle’s USDC and Tether’s USDT.
Recipients should engage in Bitcoin’s technical advancement, possibly by contributing to Bitcoin Core

The prominent crypto asset manager announced the launch of the Grayscale Decentralized AI Fund LLC on July 17th, which aims to offer investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem.
The fund will rebalance quarterly and currently features a basket of decentralized artificial intelligence (AI) crypto protocols, such as Bittensor (TAO), Filecoin (FIL), Livepeer (LPT), Near (NEAR), and Render (RNDR).
Grayscale’s New Decentralized AI Fund
Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, highlighted that the latest launch of the Grayscale Decentralized AI Fund will provide an opportunity to invest in Decentralized AI at its earliest phase. The exec went on to add that,
“The blockchain-based AI

Kraken has announced the receipt of funds from the Mt. Gox Rehabilitation Trustees on July 16th. This marks a significant step towards compensating those impacted by the historic collapse of the Mt. Gox exchange a decade ago.
In an email to the affected parties, the exchange said it plans to begin distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to affected users within the next seven to 14 days.
Distribution Plan for Mt. Gox Funds
According to Kraken’s email, the amount received has been determined by the Trustee, and the exchange will distribute the funds according to their instructions.
“We have successfully received creditor funds (BTC and BCH) from the Mt. Gox Trustee. While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for

Over $35 million in stolen funds from the infamous $305 million DMM Bitcoin hack have been laundered via Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group.
It is interesting to note that this platform is part of a company linked to the Cambodian ruling family and has emerged as a significant hub for illicit funds in Southeast Asia, frequently utilized by criminal organizations, including pig butchering gangs.
DMM Hack Funds Through Huione Guarantee
Over the weekend, stablecoin issuer Tether took decisive action by blacklisting a wallet holding 29.6 million USDT on Tron, linked to Huione. As noted by prominent on-chain sleuth ZachXBT, approximately $14 million flowed into this exact wallet from the DMM Bitcoin hack over just three

The broader market exhibited signs of recovery following intense sell pressure fueled by the German government’s decision to dump its entire reserves, and prominent altcoins, including Chainlink (LINK), recorded notable surges.
Further fueling this bullish narrative are several unknown entities, likely a whale or an institutional investor, who have continued to add LINK tokens to their stash.
LINK Accumulation
The latest data shared by Lookonchain suggests that 93 newly created wallets have collectively withdrawn a staggering 12.75 million LINK tokens, valued at approximately $167 million, from Binance since June 24, 2024.
This large-scale accumulation over the past three weeks hints at strategic positioning by a significant market player, potentially indicating bullish

Amidst continued price weakness throughout last week, digital asset investment products saw significant buying activity, with inflows reaching $1.44 billion during that period. This brought the year-to-date (YTD) inflows to a whopping $17.8 billion, which shattered the previous record set three years ago.
However, despite this strong inflow, CoinShares reported that trading volumes remained relatively low at $8.9 billion for the week, compared to the annual 7-day average of $21 billion.
Bitcoin, Altcoins See Notable Inflows
Bitcoin continued to dominate the charts, securing the fifth-largest weekly inflow on record at $1.35 billion. On the other hand, short-bitcoin products experienced significant outflows, with $8.6 million exiting. This marked the largest weekly outflow

Bitcoin and, by extension, cryptocurrencies have never been more relevant to voters than in the 2024 presidential election.
A new poll funded by crypto-focused investment firm Paradigm showed that 13% of Republicans who originally did not intend to vote for Donald Trump had a more positive view of him after he reversed his previous stance on the asset and positioned himself as a proponent of the industry.
Trump’s Crypto Conversion Sways Reluctant Republicans
As Trump solidifies his support among Republican voters and gears up for the upcoming general election, crypto emerges as a crucial issue owing to Bitcoin’s massive surge to an all-time high near $74,000 at the beginning of the year.
In fact, Paradigm found that 13% of Republicans who were initially unsure about voting

A Dutch court has denied bail for Tornado Cash developer Alexey Pertsev, who was convicted of money laundering in May.
This decision is a significant setback for Pertsev, who has been held in custody for the past two months without computer or internet access despite being requested in order to prepare for his defense.
Pertsev Remains in Custody
The Court of Appeal of ‘s-Hertogenbosch ruled that Pertsev will remain in custody as he prepares for his appeal. Despite his defense lawyers, Keith Cheng and Judith de Boer, arguing that Pertsev is not a flight risk and needs internet access to prepare his case, the court maintained that his detention would not hinder his ability to prepare his defense.
While speaking to DL News, Cheng reportedly stated,
“The court says that

Even with several high-profile collapses and de-pegging events in recent years, stablecoins have continued to capture market share from fiat, reflecting strong demand increasingly. Although the stablecoin market is still highly concentrated, with Tether’s USDT at the forefront, its dominance has been eroding over the last two years.
In fact, Kaiko’s latest data shows a decline in USDT market share.
Tether (USDT) is Slowly Losing Market Share
In 2024, USDT’s market share on centralized exchanges (CEXs) dropped from 82% to 74% per Kaiko’s estimates.
This could partly be due to the heightened competition from stablecoins like FDUSD, which benefited from Binance’s zero-fee promotions in addition to the increasing demand for regulated options like USDC.
By the end of June,

Litecoin’s network processes a whopping $2.85 billion in transactions, which is over 50% of its market cap. This surpasses the transaction volume of many prominent Layer 1 blockchain networks and potentially demonstrates an increased level of whale activity.
For example, Dogecoin has a market capitalization nearly three times that of Litecoin. However, despite its higher market cap, the popular meme coin has a much lower volume of large transactions, with approximately $590 million.
This significant difference suggests that the Litecoin network experiences considerable activity from whales, or large holders, who play a substantial role in driving the network’s transaction volume.
Such high levels of large transactions highlight the utility and adoption of Litecoin among

Bitcoin has experienced its most significant decline in the current cycle and is currently trading at over 25% lower than its all-time high.
Data also suggests that BTC’s current dip period has sparked contrasting behaviors among investors with whale and shark wallets, depicting a different pattern than the smaller holders.
Bitcoin’s Big Wallets Increasing
The world’s leading crypto has been plagued with the distribution of seized tokens from the German government and the defunct crypto exchange Mt. Gox.
According to the latest analysis by crypto analytic platform Santiment, small traders have been actively offloading their BTC holdings, potentially due to fear, which has contributed to the current selling pressure in the market.
Contrastingly, there has been a notable

Wallets linked to the CoinStats exploiter recently moved almost $1 million in Ether into the controversial crypto mixing protocol Tornado Cash.
The latest development comes less than a week after the leading crypt tracker said that investigations are underway.
Tornado Cash Inflow
Blockchain security firm CertiK flagged that two wallets associated with the CoinStats exploit in June transferred 311 ETH, valued at approximately $959,000, to Tornado Cash. One wallet moved 211 ETH, while the other transferred 100 ETH to the crypto mixer.
CoinStats reported a security breach on June 22nd affecting iOS users who received a misleading notification offering a reward. The company swiftly suspended its application to contain the breach and confirmed that the attack was managed,

Ethereum 2.0 staking has seen significant growth, and a major milestone has been reached. As such, the deposit contract for staking Ethereum on the Beacon Chain reached an all-time high of 47.36 million ETH this week.
Interestingly, this accounts for 33.9% of the entire Ethereum supply.
ETH2 Staking Milestone
According to the data shared by the crypto analytic platform Santiment, this is a dramatic increase from two years ago when it held only 10.9% of the supply, effectively more than tripling its share.
“The ETH2 Beacon Deposit Contract, used for staking deposits for Ethereum 2.0, now holds an all-time high 47.36M ETH, This is good for 33.9% of the entire supply, and more than tripling since the 10.9% it held two years ago.”
Santiment also highlighted the redistribution

The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000.
Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure.
BlackRock’s IBIT Tops ETF Inflows
The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July, they opened positively again, reflecting a renewed interest in the market.
SoSoValue’s latest data highlighted the significant inflows into major ETFs. BlackRock’s IBIT dominated the charts with $187.21 million, the highest in a month, while Fidelity’s FBTC recorded $61.54 million.
Even Grayscale’s GBTC

The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend.
In fact, USDC is leading the demand for regulated stablecoins, according to French blockchain analytics firm Kaiko.
Increased Demand For USDC After MiCA
In its latest report, Kaiko revealed that non-compliant stablecoins account for 88% of the total stablecoin volume, at present. But Europe’s Markets in Crypto-Assets Regulation (MiCA), which was implemented on June 30, is expected to change this dynamic, resulting in market makers favoring compliant stablecoins over non-compliant alternatives.
In the past few months, prominent crypto exchanges such as Binance, Bitstamp, Kraken, and OKX have already imposed restrictions, delisting