A new wallet address bought 118,800 HYPE at an average price of $46.27.

July 11th. Lately, Bitcoin has surged past $116,500, attaining another all-time high and experiencing a nearly 20% growth since the start of the year. Underpinning this upward movement are several positive factors. The Fed's anticipated rate cut, Trump's signing of the tax expenditure bill, and the easing of the global trade war have all intensified the market's demand for safe-haven assets like Bitcoin. Bitcoin's breakout has drawn the market's attention to whether it can continue to ascend, particularly whether it can breach the psychological barrier of $200,000. According to Adam Guren, the Chief Investment Officer of Hunting Hill, Bitcoin's current rally is a result of the combined influence of ETF inflows, the growing institutional adoption, and a favorable macro environment. In contrast to previous cycles, the current demand is structural, regulated, and persistent, suggesting that Bitcoin's upward momentum may persist. Furthermore, the increase in M2 money supply and instituti

On July 12th, the trustee of BlockFi reached an agreement with the U.S. Department of Justice (DOJ) to drop a lawsuit regarding a $35 million cryptocurrency asset transfer. New Jersey Bankruptcy Court Judge Michael B. Kaplan approved this agreement on Friday. The case originated from an incident in May 2023 when the DOJ tried to seize funds in BlockFi accounts belonging to two Estonian citizens, claiming a link to an ongoing criminal fraud case. Under the terms of the settlement, the case has been "dismissed with prejudice," and each party will be responsible for its own legal fees. It is important to note that BlockFi declared bankruptcy after the FTX collapse in November 2022 and currently owes approximately $10 billion to around 100,000 creditors. The deadline for customers to withdraw their remaining cryptocurrency assets has been set for April 28, 2024. (Cointelegraph)

On July 12th, based on market data, the floor price of today's Fat Penguin NFT has increased by more than 26% and is now at 11.8 ETH. The trading volume in the past 24 hours is 1514.53 ETH. Previously, following VanEck and Coinbase, official accounts of crypto projects such as OpenSea, MoonPay, Polkadot, etc. changed their profile pictures to a Fat Penguin theme.

On July 12th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0x18f...361cf deposited 1.35 million USDC as collateral into Hyperliquid this afternoon. Subsequently, it opened a 2x PUMP long position with an entry price of $0.00544 and a liquidation price of $0.003265.

July 12th. According to ChainInfo, during the past half hour, a group of ETH (amounting to 51,431 ETH, with a value of $152 million) that had remained stationary for 2 years was consolidated from multiple addresses into one wallet. These ETH can be traced back to the period from the latter half of 2019 to the early 2020 when they were mainly accumulated, and the average price was around $150. Currently, the price has increased by 20 times compared to that time.

On July 12th, according to Farside Investors, the total net inflows of the U.S. Bitcoin spot ETF during this week amounted to $2.7175 billion. Specifically, BlackRock's BIT had a net inflow of $1.759 billion, Fidelity's FBTC had a net inflow of $0.399 billion, and ARK's B had a net inflow of $0.3391 billion.