News linked to this event type.
Odaily News, CryptoQuant analyst Darkfost stated on platform X that currently, active Bitcoin investors are floating at a loss of about 20% on average, and market sentiment is in a "devaluation" phase, but has not yet reached the deep pressure levels typical of historical bear markets.Darkfost pointed out that the True Market Mean (TMM) is currently around $76,700. This indicator reflects the average cost basis of active circulating BTC supply (excluding coins that have been dormant for a long time, potentially lost, or illiquid). Historically, this level acted as a significant resistance zone in May, where some investors chose to exit the market without incurring losses or with minor losses. Meanwhile, the AVIV Ratio (Active Value to Investor Value) is currently around 0.8, meaning active investors are down approximately 20% from their cost basis. In contrast, during historical bear markets, this indicator typically drops to 0.5–0.6, corresponding to a deeper drawdown of about 40%–50%.Analysis suggests that in this cycle, the entry of institutional funds and ETFs has not changed Bitcoin's cyclical nature; the market continues to operate within its own structural framework. Although significant devaluation pressure is already evident, it may not necessarily need to fall to historical bear market extreme levels to trigger a rebound. Overall, cautious judgment regarding cyclical fluctuations remains necessary.
the Shanghai Baoshan District Procuratorate disclosed a case yesterday. The defendant, Huang, illegally crossed the border to participate in telecom fraud activities abroad, inducing victims to invest in virtual currencies. After the dissolution of the Myawaddy compound in Myanmar, he continued to engage in "pig-butchering" scam fraud. By using methods such as AI face-swapping and communicating through foreign models, he gained victims' trust and then guided them to participate in cryptocurrency investments. Subsequently, a team leader would take over, tricking the victims into registering, depositing, and investing on fake websites. He was ultimately sentenced by the court to two years and six months in prison for fraud, and fined 30,000 Chinese yuan. (CCTV News)
According to Onchain Lens monitoring, the UXLINK hacker swapped $10.54 million in DAI for 6,001 ETH at an average price of $1,757, and subsequently transferred the funds to Tornado Cash.
CryptoQuant data shows Bitcoin has exhibited a clear "diminishing capital efficiency" characteristic across its historical bull and bear cycles. As the asset's scale expands, the price increase generated per unit of new capital continues to decline:In the 2011 cycle, approximately $2.8 billion in net inflows drove Bitcoin up by roughly 55,000%;In the 2015 cycle, approximately $69 billion corresponded to a roughly 10,000% gain;In the 2018 cycle, approximately $365 billion corresponded to a roughly 2,000% gain;In the current cycle starting from 2022, approximately $697 billion in capital has been attracted, but the gain is about 689%.The data is based on "Realized Capitalization," which values coins based on their price at their last movement, serving as an approximate measure of actual capital inflows. CryptoQuant founder Ki Young Ju stated that for Bitcoin to experience another parabolic rally, it may require over $1 trillion in new capital inflows, further solidifying its status as a macro asset rather than just an ETF-driven trading asset.Ki Young Ju also noted that U.S. spot Bitcoin ETFs have recently seen net capital outflows, indicating that market structural demand is still in a transitional phase. Analysis suggests this trend reflects the natural decline in Bitcoin's marginal returns as its market capitalization expands. Unless larger-scale institutional capital steps in, achieving the high-multiple growth seen in earlier cycles will be difficult. (CoinDesk)
CryptoQuant analyst Axel Adler posted on platform X, stating that Bitcoin has begun to enter the later stage of the bear market cycle, with the ETF sector releasing its first signal of easing pressure. In the latest trading session, U.S. spot Bitcoin ETFs recorded net inflows of $223 million, with the majority of funds flowing into Fidelity's FBTC ($166 million) and ARK Invest's ARKB ($91.8 million).
According to data, in the first half of the year, Korean investors invested a total of $2.819 billion to snap up Chinese assets through both individual stocks and ETFs: A-share purchases surged by 130.55% year-on-year, with NAURA Technology Group and Cambricon Technologies leading the buying spree. In Hong Kong stocks, Semiconductor Manufacturing International Corporation (SMIC) and MiniMax saw the highest purchase volumes. A Standard Chartered Bank analyst stated bluntly that overseas capital's attitude towards Chinese assets "has fundamentally changed." Among them, semiconductor equipment company NAURA Technology Group topped the purchase list at approximately $33.94 million, followed by Cambricon Technologies ($27.28 million), with Contemporary Amperex Technology Co., Limited (CATL) ($12.54 million) ranking third.Beyond semiconductors, Korean capital is also spreading to a broader range of computing infrastructure, including servers, data centers, and power and network support. (National Business Daily)
Jupiter Litterbox Trust, the strategic reserve trust fund of Jupiter, added 186,546 JUP yesterday, valued at approximately $45,000. This month, it has purchased a total of 1,226,119 JUP, worth about $300,000. As of now, its total purchase volume stands at 145,028,229 JUP, valued at approximately $34.8 million. Jupiter Litterbox Trust is Jupiter's official on-chain treasury fund, which automatically receives 50% of Jupiter protocol revenue and continuously buys and holds JUP tokens in the open market through smart contracts.
According to The EastAfrican, Visa is conducting a pilot with mobile money platform and cross-border payment company Onafriq in the Democratic Republic of the Congo, exploring settling mobile money top-ups via stablecoins to reduce friction in multi-currency cross-border transactions. Visa stated that stablecoins are expected to address cost and efficiency issues in African cross-border payments, remittances, and B2B payments.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), as the price of ANSEM continues to rise, its market cap has surpassed $350 million. Meanwhile, the ANSEM assets held by crypto KOL Ansem are currently valued at over $204 million.
According to monitoring by on-chain analyst Ember, a whale has been continuously withdrawing ETH from Binance since the 1st, currently holding an unrealized profit of $3.3 million on ETH. 4 hours ago, the whale withdrew another 100 WBTC, valued at $6.24 million, from Binance. Over the past 3 days, this whale has accumulated a total of 19,752 ETH, valued at $31.43 million, and 100 WBTC, valued at $6.24 million. The price of ETH was $1,591, and the price of BTC was $62,390. During the same period, ETH rebounded by $200, and BTC rebounded by $4,000.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), the whale address "0x50b" has closed its Ethereum short position, incurring a loss of approximately $9.386 million on this trade. As a result, the address's total PnL turned from a profit of $6.6 million to a loss of $2.3 million. Currently, the whale still holds a 20x leveraged long position of 228.7 Bitcoin.
According to Odaily, CryptoQuant reports that the volume of Bitcoin, Ethereum, and altcoins flowing into exchanges has recently increased significantly. Historically, this pattern often signals that the crypto market is about to enter a phase of higher volatility.Julio Moreno, Head of Research at CryptoQuant, pointed out that on June 30, the number of Bitcoin flowing into exchanges approached 49,000 BTC, an extremely rare level. This year, there have only been four other instances of single-day inflow peaks nearing 50,000 BTC, and these peaks have typically been followed by a notable amplification in price volatility and clear directional moves.The report suggests that, given the current scale of inflows, the market is absorbing a large amount of Bitcoin being transferred to exchanges. Since transferring to exchanges usually implies potential selling pressure, position adjustments, or increased demand for derivatives margin, this could trigger more drastic price fluctuations.CryptoQuant also notes that the volume of Ethereum and altcoins flowing into exchanges is rising, indicating that the pressure is not limited to Bitcoin but is spreading across the broader crypto asset market. Overall, a surge in exchange inflows may signal that a more significant change in short-term market direction is imminent.
: Visa, M-Pesa, and Onafriq have launched a pilot project in the Democratic Republic of the Congo to settle cross-border mobile transactions using a stablecoin pegged to the US dollar. The pilot targets scenarios such as cross-border mobile wallet top-ups, international commercial transactions, and remittances. The World Bank estimates that the average cost of cross-border remittances in Sub-Saharan Africa is close to 8% of the transfer amount. Visa has previously partnered with African cryptocurrency exchange Yellow Card to explore stablecoin treasury management and international settlement services. (Bitcoin.com News).
: "White-Haired Stock God" Serenity posted on platform X, stating that based on the capital flow direction in China's private VC market, institutions are currently pouring into fields related to Physical AI and World Models on a large scale.Data shows the approximate capital distribution as follows: Large Models/LLMs at about $23.56 billion, AI Infrastructure and Technology Layer at about $15.74 billion, Embodied Intelligence/Physical AI at about $13.36 billion, AIGC Applications at about $8.79 billion, and Autonomous Driving plus other top 20 sub-sectors totaling about $3.82 billion (note: metrics may not be directly comparable).Serenity pointed out that early-stage pure foundational model financing is largely closed, with capital more concentrated in existing leading companies and the World Model direction. He expects this trend to also appear in the US, potentially concentrating further towards leading companies like Anthropic and OpenAI. Regarding AIGC applications, Serenity believes this track's commercialization is already relatively mature, but an absolute winner has yet to emerge, exhibiting a fragmented competitive landscape in both China and the US markets.Overall, Serenity concluded that current AI investments continue to flow into infrastructure and the semiconductor supply chain. Meanwhile, capital is rapidly rotating towards Physical AI and Embodied Intelligence, but the World Model track still lacks direct investment targets.
: According to on-chain analyst Ai Yi's monitoring, a "smart money" address, which has accumulated total profits of over $5.293 million in US stock long/short trading, has once again adjusted its positions, drawing market attention. In the early hours of today, it closed a basket of short positions including $SNDK, $INTC, and $BTC, and then turned bullish, opening a long position of approximately $8.38 million on Micron ($MU) and establishing a long position of approximately $1.99 million on SK Hynix ($SKHX). Additionally, the account plans to further increase its position by approximately $7 million when SK Hynix falls back to the 1400–1550 range, indicating a shift towards optimism on the short-term outlook for the memory chip sector.
according to on-chain analyst EmberCN's monitoring, KR1 plc, a digital asset technology company listed on the London Stock Exchange and also an investor in Lido, transferred 3.7 million LDO ($990,000) into Kraken about an hour ago.
According to Lookonchain monitoring, BlackRock has experienced net BTC outflows for 10 consecutive trading days, with a total net outflow of 35,980 BTC, valued at $2.24 billion.
according to Lookonchain monitoring, US Bitcoin ETFs experienced a net outflow of 588 BTC today, with a 7-day net outflow of 22,189 BTC; Ethereum ETFs had a net inflow of 6,105 ETH, with a 7-day net outflow of 1,915 ETH.
The analysis points out that this phased divergence exhibits historical cycle characteristics: while institutional capital withdraws, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structure commonly seen in previous cycle bottom regions.
Odaily News, Citrini analyst Jukan posted on platform X, stating that UBS has raised its DRAM and NAND price forecasts. It now expects DRAM prices to rise 32% quarter-over-quarter in Q3 and 18% quarter-over-quarter in Q4; NAND prices are expected to rise 30% quarter-over-quarter in Q3 and 12% quarter-over-quarter in Q4.