The SEC has approved Bitwise's amendment to its Bitcoin and Ethereum spot ETF regarding in-kind redemptions

July 10th. YZi Labs announced today its support for the leading investment institution focusing on digital assets and digital asset reserves, 10X Capital. They are establishing the "BNB Reserve Company", which is a U.S.-based company dedicated to BNB Chain ecosystem digital asset management and operates independently. It is reported that the BNB Reserve Company plans to list on major U.S. stock exchanges. The aim is to provide U.S. investors with the opportunity to participate in the growth of BNB, which is the world's fourth-largest digital asset by market capitalization. It will focus on the development of the BNB Chain ecosystem. 10X Capital has achieved success in the digital asset reserve field (Nakamoto, a Nasdaq-listed company). This time, they will collaborate with the Capital Markets Division of Cohen & Company and Clear Street LLC to raise funds for the initial BNB acquisition. The BNB Reserve Company will emphasize the transparency and verifiability of asset holdings. It w

On July 10th, according to on-chain data analyst Yujin, the GMX hacker has successfully completed the conversion of the assets stolen from the GMX V1 pool into ETH. The stolen assets consist of WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. Currently, all assets except FRAX have been sold and converted into 11,700 ETH (approximately 32.33 million) and distributed into 4 wallets for storage. The GMX hacker now holds 11,700 ETH and 10.495 million FRAX through 5 wallets, with a total value of $42.8 million. This operation also indicates that the hacker has rejected the GMX team's proposal to return the assets in exchange for a 10% white-hat bounty.

On July 10th, as per an announcement from the Supreme Court of the United States, Douglas Jae Woo Kim was handed a 48-month federal prison term today for defrauding investors of more than $7 million in cryptocurrency and other funds. This sentence was pronounced by Senior District Judge Charles R. Breyer of the United States District Court. During a three-week trial in February 2025, the 32-year-old New York resident Kim was found guilty by a federal jury of 14 counts including wire fraud, international money laundering, and money laundering. One count of international money laundering was dismissed. During today's sentencing hearing, Judge Breyer, due to jurisdictional reasons, dismissed one of the money laundering counts related to monetary instruments. Court documents and trial evidence showed that from October 2017 to June 2020, after moving to San Francisco, Kim defrauded multiple family and friends who were investors by posing as a legitimate cryptocurrency trader. He falsely cl

On July 10th, based on the monitoring of LookOnChain, Abraxas Capital has withdrawn 29,741 ETH (approximately $81 million) from Binance and Kraken within the past 12 hours.

On July 10th, as per the monitoring of Onchain Lens, the whale contract trader AguilaTrades enhanced its long position in BTC (by 20 times). Currently, it holds 2,821.36 BTC in contracts, which is worth more than 300 million US dollars, and has a floating profit of around 6 million US dollars.

On July 10th, as monitored by lookonchain, a newly established wallet address withdrew 25,567 ETH (valued at $70.66 million) from Kraken within the past 8 hours.