Twenty One Purchases 4,812 BTC
According to Aggr News, BTC-based company Twenty One purchased 4,812 BTC through Tether. The average purchase price is $95,300, totaling $458.7 million. Twenty One was co-founded by the CEOs of Tether, SoftBank, and Strike, Jack Mallers.
US SEC Extends Review Period for BlackRock BTC Spot ETF 'Spot Redemption'
According to The Block, the US Securities and Exchange Commission (SEC) has delayed the final decision on allowing spot redemption for BlackRock's BTC Spot ETF (IBIT). Previously, when Bitcoin spot ETFs were approved last January, the SEC had permitted cash redemption methods.
Abracas Capital Purchases $84.7 Million in ETH
According to LookOnChain, the London asset management firm Abracas Capital address purchased an additional 33,482 ETH ($84.7 million) in the last 12 hours. The address has purchased a total of 211,030 ETH ($477.6 million) over the past 6 days.
Analysis: "BTC Market Overheating Signals... Potential Correction"
While BTC shows strength, some market overheating signals suggest a potential correction soon. Cointelegraph reported, "BTC's unresolved contract volume is approaching a record high of $68 billion. This indicates excessive market positioning, which could expand price volatility." Bitwise Research Head Andre Dragoș warned, "The Cryptoasset Sentiment Index, covering market sentiment, capital flows, and on-chain data, has reached its highest level since November last year. This is a market overheating signal. BTC could see a short-term correction."
US SEC Receives 21Shares DOGE Spot ETF Application
According to U Today, the US Securities and Exchange Commission (SEC) has officially confirmed receiving the application for a DOGE spot ETF submitted by 21Shares.
Nasdaq-Listed Semler Purchases 174 BTC
Nasdaq-listed medical technology company Semler Scientific (SMLR) announced through its official website that it purchased an additional 174 BTC ($17.8 million) in the first quarter. Currently, SMLR holds 3,808 BTC.
Analysis: "On-Chain Indicators Suggest Increasing 'Altcoin Season' Possibility"
With Bitcoin and USDT dominance declining, analysis suggests an approaching altcoin season. Cointelegraph analyzed that TOTAL2, tracking the market cap of the top 125 cryptocurrencies excluding Bitcoin, has broken above the downtrend line maintained since January. Breaking the $125 billion resistance could support a clear upward trend, indicating an altcoin season. Additionally, Bitcoin dominance has dropped 4% in the last 6 days, and USDT dominance is at its lowest since early February. If these trends continue, an altcoin season is likely.
Bitwise CIO: "Coinbase Market Cap Projected to Reach $1 Trillion"
With Coinbase officially included in the S&P 500 index, Bitwise Chief Investment Officer Matt Hogan predicted that Coinbase's market cap could increase to $1 trillion. He stated on X that among companies with market caps under $100 billion, Coinbase has the highest potential to reach a $1 trillion valuation.
Thailand Treasury Plans $150 Million Digital Investment Token Issuance
Bloomberg reported that the Thai Treasury plans to issue G-Token, a digital investment token worth 50 billion baht ($150 million). Deputy Prime Minister and Finance Minister Pichai Chunhavajira explained, "We will issue G-Token within two months to raise funds according to the budget borrowing plan. Investors can invest in G-Token with small amounts of cash."
Gibraltar Establishes Cryptocurrency Derivatives Clearing and Settlement Regulatory Framework
The Gibraltar government announced establishing a regulatory framework for clearing and settling cryptocurrency derivatives. According to Coindesk, the Gibraltar Financial Services Commission has spent six months adjusting existing financial clearing regulations for the virtual asset market through collaboration with crypto exchange Bullish. This enables cryptocurrency derivative contracts to be cleared and settled through authorized clearing houses.
Coinbase Assets to Launch 4 New Assets Including cbADA
Coinbase Assets announced on X that they will soon launch cbADA, cbDOGE, cbLTC, and cbXRP. The specific launch date will be announced later.
Bitgo Partners with E-commerce Company Upexi for Crypto Custody
According to The Block, crypto custody provider Bitgo has partnered with e-commerce company Upexi to support cryptocurrency storage and over-the-counter trading services. Upexi recently announced a financial strategy centered on SOL and increased its SOL holdings to 595,000 ($100 million). Upexi will manage its digital asset portfolio through Bitgo and plans to expand its SOL holdings.
Solana Name Service Initiates SNS Token Generation Event
Solana Name Service announced on X the start of the TGE for its new SNS token. To receive SNS tokens, users must connect a wallet with a .sol domain, with airdrop claims possible until August 11. Previously, Solana-based decentralized exchange Bonfire stated, "FIDA has reached its limits. We decided to launch SNS after gathering community feedback. Total SNS supply is 10 billion, with 40% allocated to initial and new users, and 20% to the community."
US SEC Delays Decision on Grayscale SOL Spot ETF Approval
According to Unfolded, the US Securities and Exchange Commission (SEC) has postponed the decision on approving Grayscale's SOL Spot ETF.
Paris Police Tracking Suspects in Cryptocurrency Entrepreneur Family Kidnapping Attempt
According to The Block, an attempted kidnapping targeting the family of a cryptocurrency company executive occurred in Paris, France. The report states that around 8:20 AM local time in Paris's 11th district, three masked men failed to kidnap the daughter and granddaughter of a cryptocurrency company executive. Currently, Paris police are reportedly tracking the suspects.
DWF Labs purchases 3 million SIREN
Look On Chain reported that cryptocurrency market-making company DWF Labs purchased 3 million SIREN (equivalent to $540,000).
Coinbase delists CGLD-BTC trading pair
Coinbase officially announced through its Twitter that it will delist the CGLD-BTC trading pair at 12 PM local time on the 14th.
Sky records $5 million loss in Q1
CoinDesk reported that Sky (formerly MakerDAO) recorded a $5 million loss in the first quarter. The media explained, "Sky recorded a $31 million profit in the previous quarter. In the first quarter, losses occurred as the interest paid to token holders increased by more than two-fold. The interest increase was due to incentives aimed at encouraging the use of the protocol's new dollar-pegged stablecoin USDS instead of the existing Dai."
Trump again pressures Fed to cut rates
US President Donald Trump again pressured the Federal Reserve to cut interest rates. Trump posted on his Truth Social platform, "The US is experiencing an overall price decline with no inflation. Therefore, the US should cut its benchmark interest rate like Europe and China." He again mentioned 'Too Late Powell'.
US stock indices close mixed
US stock indices closed mixed.
S&P500: +0.72%
Nasdaq: +1.58%
Dow: -0.64%
BTC surpasses $104,000
According to Coinness market monitoring, BTC has surpassed $104,000. On Binance USDT market, BTC is trading at $104,084.77.
