News & Research

Six people, including Tron founder Justin Sun, will join Blue Origin’s NS-34 mission, according to its official X account. The crew includes Arvi Bahal, Gökhan Erdem, Deborah Martorell, Lionel Pitchford, J.D. Russell and H.E. Justin Sun. Blue Origin is the space company founded by Jeff Bezos.

Ethena’s stablecoin USDe supply reached a record $6.12 billion, according to Unfolded on X. Earlier, TLGY announced a merger deal and $360 million in PIPE financing to launch StablecoinX, a stablecoin-focused treasury company aiming to list on Nasdaq under the ticker USDE.

Over 30% of the total Bitcoin (BTC) supply has remained inactive for over five years, with an estimated 7.5% of the total supply believed to be permanently lost, according to @cryptounfolded on X.

Decentralized prediction platform Polymarket is acquiring an exchange to return to the U.S. market, following the U.S. Department of Justice’s (DOJ) decision to end its investigation into the company, according to Unfolded on X.

More than 90% of Ethereum (ETH) addresses are currently in profit, the highest level since December 2024, according to Sentora (previously IntoTheBlock) on X. With relatively few addresses having purchased ETH above current prices, on-chain resistance appears light. The first significant resistance is just below $4,000, where around 2.39 million addresses still hold ETH at a loss.

Walter Bloomberg reported on X that the S&P 500 and Nasdaq set new intraday record highs.

An early Bitcoin investor has sold an additional 250 BTC ($29.68 million), bringing their total sales to 1,000 BTC ($106 million) in the past eight months, according to Lookonchain on X. The investor initially bought 5,000 BTC for $1.66 million 12 years ago and now holds 4,000 BTC, with a total profit of $578M, a 349x return.

According to SoSoValue data, public companies (excluding miners) bought $953 million worth of Bitcoin in the week ending July 21. Strategy led with a $739.8 million purchase of 6,220 BTC at $118,940 each, raising its total holdings to 607,770 BTC. Japan’s Metaplanet paused purchases after five weeks of buying. New buyers included France’s Sequans ($150M for 1,264 BTC), The Smarter Web ($36.1M for 325 BTC), Semler Scientific ($25M for 210 BTC) and Blockchain Group ($2.56M for 22 BTC). Public companies now hold 681,680 BTC, worth about $80.4 billion, or 3.43% of circulating supply.

Nasdaq-listed e-commerce company Upexi, which has added Solana (SOL) to its treasury assets, announced via X the acquisition of 100,000 SOL, bringing its total holdings to 1.8 million SOL, valued at $331 million. The company has generated $58 million in unrealized gains and continues to stake a significant portion of its SOL for an estimated $26 million in annual revenue.

U.S. stock markets opened higher today. S&P500: +0.22% NASDAQ: +0.05% Dow: +0.20%