A new wallet spent 2082 ETH to purchase 45 Cryptopunks NFTs
According to Onchain Lens, a newly created wallet spent 2,082 ETH (worth $7.79 million) to purchase 45 Cryptopunks NFTs. In addition, the whale also spent 60.5 ETH (worth $227,000) to purchase a Chromie Squiggle NFT created by @ArtOnBlockchain.
JPMorgan Chase data-charging plan could "destroy" crypto and fintech startups, executive warns
When JPMorgan Chase informed fintech companies last month that it planned to charge them for accessing its customers' bank account data, the move sparked a backlash in several areas of the financial industry, Fortune reported. The move is a blow to the fintech industry and could have a devastating effect on early-stage startups, including those in the cryptocurrency industry, according to four industry executives. However, analysts believe that established fintech companies like PayPal and Block (formerly Square) may not be affected much by the fee adjustment. Under the plan, the bank could charge data aggregators fees every time a consumer transfers money from JPMorgan Chase to a cryptocurrency account or a third-party service like Robinhood. Crypto and fintech companies often use aggregators like Plaid or MX to access customer accounts at major financial institutions like JPMorgan Chase. So far, banks have not charged fintech companies, but that could change. Aggregators are widely expected to pass on the new fees to fintech customers, and some may even pass the costs on to consumers.
Source: Pump.fun will issue PUMP airdrops on July 24
According to crypto KOL Downsin Jerome, Alon Cohen, co-founder and CEO of Pump.fun, said that PUMP airdrops will be distributed to eligible active Solana wallets starting at 23:00 Beijing time on July 24, 2025.
According to on-chain analyst Ember, a whale who hoarded 1,500 BTC between 2023 and 2024 began to take profits today: he transferred 400 BTC (US$47.11 million) to Binance in the past 6 hours. The average price of his hoarded BTC was about US$56,418, and he has now made a profit of US$92 million (+108%). He also holds 1,100 BTC (US$128 million).
Ethereum’s official X account announced the launch of “The Torch” NFT, which is used to pay tribute to those who shaped the development of Ethereum in its first decade and the values that will help build Ethereum in the future. It is reported that this The Torch NFT will be symbolically passed between wallets and will be destroyed to commemorate the tenth anniversary of the founding of Ethereum. In addition, everyone can mint a commemorative NFT on July 30.
Bitcoin Core developers fix 5-year-old disk fill vulnerability
According to Protos, the Bitcoin Core development team this month fixed a disk filling vulnerability that has plagued full node operators for five years. The vulnerability allows attackers to force node hard disks to continuously write redundant data through malicious log instructions (such as LogPrintf, LogInfo, LogWarning, or LogError, etc.), which has a serious impact on mechanical hard disk nodes and even causes flash memory device performance degradation. The fix was submitted through PR 32604 and merged into the main branch by senior developer Gloria Zhao. The submission passed 19 checks and no objections. Developers expect that after the patch is popularized in the Bitcoin network with the new version of Bitcoin Core, the disk filling attack will disappear completely. The latest version of Bitcoin Core is 29.0, which was released on April 14, and the Core version is usually upgraded every few months. As a voluntary software package that does not allow automatic updates, full node operators must always choose to manually upgrade their software. About 16% of node operators are running version 29.0. Other nodes are running older versions of the software.
As Ethereum’s gas limit increases, Vitalik emphasizes “safe” scaling
According to The Block, validators representing nearly half of the staked Ethereum support "raising the gas limit", under which the upper limit of gas per block of Ethereum has begun to increase, which will increase the transaction throughput of Layer 1 blockchain. On Sunday afternoon, multiple blocks proposed to set the gas limit to more than 39 million units, an increase of 8% from the previous 36 million. This is also the first time that the upper limit has been raised from 30 million in three years. Representatives of the "Raise Gas Limit" action believe that raising the upper limit too much will make the chain too large and increase the difficulty of verification and downloading for individual node operators, but as technology advances, it is reasonable to increase it gradually. Once a validator expresses the desire to increase the block upper limit, the upper limit will automatically rise, and each block can adjust the upper limit to about 0.1% of the total amount of the previous block. According to gaslimit.pics, about 48% of the staked Ethereum clients currently run gas limit targets of 45 million units or higher. Ethereum co-founder Vitalik Buterin mentioned this move in the X post, pointing out that “nearly 50% of the staked shares voted in favor of increasing the gas limit of Layer 1 to 45 million.” At the same time, he also praised Geth’s recent version update for reducing the storage capacity of the pruning archive node by about 90%, saying that this was “the recent hard work of the Geth team to make such expansion increases safe and feasible.”
Jack Dorsey's Blockchain to be included in the S&P 500 Index on July 23
According to The block, Twitter co-founder Jack Dorsey's payment platform Block Inc will be included in the S&P 500 index on July 23. After the news was confirmed late Friday, the stock rose 10% in after-hours trading. Block Inc is a technology company that operates multiple business units in the digital asset ecosystem. Its Bitkey brand is a simple self-hosted wallet built for Bitcoin, and Proto is a set of Bitcoin mining products and services. Last summer, Block began investing 10% of its Bitcoin profits in BTC every month and open-sourced its financial blueprint so that others can follow suit. It was previously reported on July 19 that Block would join the S&P 500 index, but the specific time was not mentioned.
The White Whale made nearly $30 million in profits from long ETH and SOL in the past week
According to Lookonchain monitoring, the giant whale "The White Whale" used 4 wallets to go long on ETH and SOL on HyperLiquid in the past week and made a profit of nearly 30 million US dollars.
Bitcoin Treasury Capital CEO: I learned about Bitcoin while studying Chinese in Shanghai
Christoffer De Geer, CEO of Bitcoin Treasury Capital, disclosed in an article on the X platform that he needed to remit money to Sweden when he was studying Chinese in Shanghai in 2013. When he was looking for alternatives, he accidentally learned about Bitcoin. As a Swede in China, he found a Bitcoin miner who was only 12 years old and began to learn about wallets, keys, UTXO, block browsers, and an anonymous person named Satoshi Nakamoto. Today, Bitcoin Treasury Capital already holds 156 Bitcoins and has reached an equity financing agreement of up to 200 million Swedish kronor with a group of investors. It has also been approved for listing and trading on the Frankfurt Stock Exchange with the stock code X4L. Bitcoin Treasury Capital will continue its Bitcoin financial strategy.
British media: London Stock Exchange Group considers launching 24-hour trading
The London Stock Exchange Group is considering whether to launch 24-hour trading, according to the Financial Times. Exchanges are racing to extend stock trading hours due to growing demand from small investors who are active outside normal business hours. The London Stock Exchange Group is studying the feasibility of extending trading hours, including the technology required and the regulatory impact, according to people familiar with the matter. One of the people said the London Stock Exchange is "really considering it seriously, whether it is 24-hour trading or extended trading hours", adding that the exchange group is having "significant commercial, policy and regulatory discussions" on this "ongoing issue". Another person familiar with the matter said the exploration is part of a wider discussion about potential new products and services.
After the surge in Bitcoin, Ethereum and other cryptocurrencies also began to rise collectively. As of press time, Ethereum has risen above $3,760 per coin, the first time since December last year. Data shows that in the past 24 hours, the total amount of cryptocurrency liquidations exceeded $200 million, with more than 75,000 liquidations.
According to Jinshi, U.S. Commerce Secretary Lutnick said that Powell kept interest rates too high. August 1 was the deadline for imposing tariffs, and small countries would have to pay a 10% base tariff. It was expected that Trump would definitely renegotiate the US-Mexico-Canada trade agreement and was confident that he could reach an agreement with the European Union.
According to Barron's, the Ohio Public Employees Retirement System, one of the largest public pension funds in the United States, disclosed in a filing with the U.S. Securities and Exchange Commission that it bought more Strategy (formerly MicroStrategy) shares in the second quarter of this year. Data shows that the Ohio Public Employees Retirement System increased its holdings by 21,499 shares of Strategy, bringing the total holdings to 101,880 shares at the end of the second quarter. As the largest corporate Bitcoin holder, Strategy has been selling preferred shares to raise more funds to buy the cryptocurrency, and its stock price rose 40% in the first half of 2025 and 4.7% in the third quarter. It is reported that the Ohio Public Employees Retirement System has total assets of US$155.6 billion, making it the 14th largest public fund in the United States.
According to the monitoring of chain analyst Ai Yi (@ai_9684xtpa), the top whale in the Ethena points ranking bought nearly 450 million sUSDe YT (about 5 million US dollars) due on July 31 during the period of ENA price decline from 05.21 to 06.03. According to the current sUSDe APY of 9.74%, it is estimated that it can generate 120,000 US dollars in interest income per day. He currently holds 839.5 billion Ethena points (YT contributed a part), which is 1.49 times that of the second place. According to the rule of Season 4 that no less than 3.5% of the total airdrop is estimated, he can get about 21.94 million ENA, which is about 10.675 million US dollars.
According to Decrypt, research firm Cooper Research released a report stating that as a large amount of investor funds poured into Bitcoin exchange-traded funds, an increase in Bitcoin prices seemed inevitable. Data showed that for every 10,000 BTC increase in ETF holdings, Bitcoin prices could rise by an average of 1.8%. Analysts pointed out that judging from a series of data indicators, Bitcoin seemed ready to rise sharply again. The leverage-driven market frenzy was gradually fading, and Bitcoin's price trend might take a more moderate path, expected to reach $140,000 in September, or rise to $150,000 as early as early October.
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), once again released information about Strategy’s Bitcoin holdings tracking on the X platform. He wrote: “Stay Humble. Stack Sats.” Usually, he would disclose Strategy’s Bitcoin holdings data the day after he released the relevant information.
According to Token Unlocks data, AVAIL, VENOM, ALT and other tokens will be unlocked in large amounts next week, including: Avail (AVAIL) will unlock about 972 million tokens at 4:00 p.m. Beijing time on July 23, accounting for 38.23% of the current circulation and worth about 18.9 million U.S. dollars; Venom (VENOM) will unlock about 59.26 million tokens at 4:00 p.m. Beijing time on July 25, accounting for 2.84% of the current circulation and worth about 13.4 million U.S. dollars; AltLayer (ALT) will unlock about 240 million tokens at 6:00 p.m. Beijing time on July 25, accounting for 6.39% of the current circulation and worth about 8.9 million U.S. dollars; Sahara AI (SAHARA) will unlock about 84.27 million tokens at 8:00 p.m. Beijing time on July 26, accounting for 4.13% of the current circulation and worth about 6.9 million U.S. dollars; SOON (SOON) will unlock approximately 41.88 million tokens at 4:30 pm Beijing time on July 23, accounting for 22.41% of the current circulation and worth approximately US$6.1 million.
Hong Kong Financial Secretary Paul Chan Mo-po published an essay in which he pointed out that the 35th Hong Kong Book Fair, which lasted for seven consecutive days, opened on the 16th at the Hong Kong Convention and Exhibition Center, setting up the "Hong Kong Innovation and Technology Special Pop-up Exhibition Area" for the first time. The SAR government has positioned artificial intelligence as a key industry. From vigorously supporting basic research to promoting the transformation of results, from cultivating local start-ups to attracting global cutting-edge science and technology companies to settle down, from accelerating the construction of the northern metropolitan area to strengthening innovation and technology cooperation with sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong's innovation and technology industry development has a solid blueprint. The SAR government will lock in the goal and not relax, and draw a blueprint to the end. The innovation and technology industry will provide more diverse and high-quality career development opportunities for young people in Hong Kong.
According to the Hong Kong Economic Journal, Hong Pi-ching, Chairman of the Hong Kong Financial Services Development Council, recently hosted an annual report press conference and said that stablecoins should not be the object of speculation. The digitalization of asset markets is a long game. Stablecoins should play a stabilizing role and should not be short-sighted. He believes that Hong Kong is currently developing faster than other financial centers. Hong Pi-ching also revealed that stablecoins are one of the links in the digitalization of Hong Kong's financial markets, allowing trading currency intermediaries to be tokenized. He believes that different assets will be tokenized in the next step, but the development process takes time and will not be fully tokenized for the time being.
According to DL News, BlackRock's move to add a pledge option to its iShares Ethereum Trust this week has reignited discussions about the SEC's batch approval process, with VanEck, 21Shares and Canary Capital urging the SEC to consider a first-in, first-out approval process rather than "batch approval" with BlackRock, which submitted its application later. Bloomberg ETF analyst James Seyffart wrote on the X platform that the Ethereum ET pledge options submitted by multiple institutions "will take time to complete", with the final deadline for early applications being late October 2025, but the approval deadline for the Ethereum ETH pledge application submitted by BlackRock is around April 2026, but it is believed that it may be approved as early as the fourth quarter of 2025.
A whale/institution may have bought $50 million worth of ETH in the past half hour
According to on-chain analyst Yu Jin’s monitoring, a certain whale/institution may have bought $50 million worth of ETH in the past half hour. The whale/institution transferred 50 million USDT to Binance half an hour ago, and then withdrew 13,462 ETH from Binance at a purchase price of $3,714.
According to Lookonchain monitoring, James Wynn deposited 536,573 USDC to HyperLiquid to open 25x leveraged ETH long orders and 10x leveraged PEPE long orders. The current long position is: 3,269 ETH (US$12.12 million) 812.16 million kPEPE (US$11.28 million)
US Treasury Secretary Bessant said in a post on the X platform that blockchain technology will power the next generation of payments, and the US dollar is coming onchain. Thanks to Trump's leadership and Senator Bill Hagerty's important work in Congress, the GENIUS Act will help consolidate the dollar's position as the global reserve currency for future generations. In addition, US Treasury Deputy Secretary Michael Faulkender also said that with the GENIUS Act providing legal clarity for stablecoins, the United States now has a faster, cheaper and safer way to trade, which has increased global acceptance and demand for digital payments backed by the US dollar and strengthened the commitment to build the United States into the world's crypto capital.
According to Lookonchain monitoring, the whale AguilaTrades closed his short positions of 6,832 ETH (US$25.15 million) and 1,134 BTC (US$134 million) 1 hour ago, with a loss of US$1.1 million. He still holds a large number of ETH short positions, about 50,000 ETH (US$186 million), and his current unrealized losses exceed US$7 million.
