News & Research

A newly created wallet withdrew 5.41 million UNI worth $57.79 million and 228,704 COMP worth $12.15 million from Binance Exchange over the past 10 days, signaling significant accumulation, according to Lookonchain on X.

Giants Protocol (G) said on X that its core team is considering locking up more than 90% of team tokens to support its long-term strategy focused on real-world assets and global asset tokenization. The move is intended to strengthen community confidence and promote sustainable growth. Earlier today, Binance Alpha added G to its platform.

Bitcoin whale transfers to exchanges are increasing, with the 7-day moving average nearing 12,000 BTC — one of the highest levels this year and similar to the spike seen in early November 2024, according to Glassnode on X. While still below last year’s peak, the trend suggests growing profit taking or capital rotation.

U.S. President Donald Trump announced on Truth Social that he will sign an important agreement at the White House at 18:30 UTC on July 18. He praised the Republican Party for its accomplishments but did not reveal details of the agreement.

U.S. stock markets have opened higher today. S&P500: +0.26% NASDAQ: +0.23% Dow: +0.19%

According to BWE News on X, Charles Schwab CEO Rick Wurster announced plans to launch spot trading for Bitcoin (BTC) and Ethereum (ETH). Wurster had previously mentioned in April that launching Bitcoin spot trading within the year was a key goal.

KULR Technology CEO Michael Mo announced on X that global asset manager BlackRock has acquired a 5.6% stake in the company, adding to its growing base of institutional shareholders.

Basel Medical Group, a Singapore-based healthcare company, has decided to pause its plan to purchase 10,000 BTC, citing ongoing uncertainty around U.S. cryptocurrency regulations, according to Bitcoin News on X. The company had announced its acquisition plan in May but has now put it on hold due to the lack of regulatory clarity.

BTC Inc. CEO David Bailey, the key architect behind Donald Trump’s pro-crypto stance, has seen massive returns from his hedge fund 210K Capital. According to Bloomberg, the fund posted a 640% return in the past year by investing in around 12 companies that began acquiring Bitcoin (BTC) for their treasury. Bailey’s fund notably profited from various sectors, including hotels and website development, encouraging these companies to implement Bitcoin acquisition strategies. One of the standout investments, UK-based Smarter Web, saw a 14,000% return since it adopted the Bitcoin strategy. The hedge fund is now looking to expand into new markets, including Southeast Asia and Latin America, in search of more Bitcoin-focused investment opportunities.

U.S. Federal Reserve Governor Christopher Waller stated he would agree to serve as Fed chair if nominated by President Trump, according to JinSe Finance.