News & Research

An anonymous whale withdrew 13.4 million ENA ($7.26 million) from crypto exchange Binance and later transferred the funds to another wallet, according to Onchain Lens on X. Deposits to exchanges are generally seen as an indication of intent to sell, while withdrawals often signal a holding strategy. However, not all deposits to exchanges necessarily result in sales.

The largest institutional holder of PUMP transferred 8 billion PUMP ($20.11 million) to FalconX about eight hours ago, completing the full liquidation of its presale allocation, according to @EmberCN on X. The address had invested 100 million USDC in pump.fun’s private presale round, acquiring 25 billion PUMP at the same price and without a lock-up period. These terms were identical to those offered to retail investors. The liquidation began on July 16 and was completed by July 26, yielding a total profit of $8.2 million.

Volcon, a Nasdaq-listed all-electric power sports company, announced that it purchased 2,903 BTC, bringing its total holdings to 3,183 BTC worth about $375 million, according to @btcNLNico on X.

U.S. stock markets have opened higher today. S&P500: +0.11% NASDAQ: +0.25% Dow: +0.14%

A pseudonymous institutional address withdrew 60,647 Ethereum (ETH) worth $226 million from crypto prime brokerage FalconX at an average price of $3,678, on-chain analyst @EmberCN reported on X. The account noted several large whale and institutional ETH accumulations this July and said it may share a summary tomorrow.

Bitwise CIO Matt Hougan argued via X that the traditional four‑year crypto cycle is weakening as key drivers such as block halving importance, negative rate cycles and blow‑up risk diminish, even as rising Treasury companies pose a new cyclical threat. He noted that longer‑term forces—spot Bitcoin ETFs, broad institutional adoption and multi‑year regulatory reforms under the U.S. GENIUS Act—are gaining momentum and could create a sustained steady boom rather than a classic super‑cycle. While volatility remains likely, Hougan expects these pro‑crypto trends to carry the market into a strong 2026.

Joseph Chalom, who led BlackRock’s digital asset and fintech strategy, has been named co-CEO of SharpLink, the largest corporate holder of Ethereum (ETH), according to U.Today. Chalom will lead the company alongside co-founder Rob Phythian. During his time at BlackRock, Chalom played a key role in the launch of the iShares Bitcoin and Ethereum ETFs. He left the firm in June and described ETH as a growing foundation of global finance.

Crypto financial firm Galaxy Digital recently transferred 3,715 BTC to 12 new addresses. According to on-chain analyst @ai_9684xtpa on X, 1,130 BTC worth around $131 million have since been deposited into the hot wallets of Binance Exchange and market maker Wintermute. The rest were moved to four other unidentified addresses.

Tron (TRX) founder Justin Sun said on X that Nasdaq listing via its SRM Entertainment acquisition is just a starting point and the company aims to join the Nasdaq‑100 index within three years. It entered Nasdaq on July 24 under ticker TRON and will pursue a TRX accumulation strategy.

Trading analytics platform HyperDash shows that Hyperliquid whale AguilaTrades opened a 25x leveraged long position on Ethereum (ETH) approximately 10 minutes ago. The position is valued at $65.14 million, with an entry price of $3,668.25 and a liquidation price of $3,601.18. The trader reportedly incurred a $22.3 million loss last week, according to on-chain analyst @ai_9684xtpa on X.