In the last 12 hours, the total network saw $526 million in liquidations, with Ethereum accounting for $315 million.

According to Lookonchain’s monitoring, a crypto whale bought 1,768 BTC at $74,603 per unit during the last bull market, totaling $131.91 million. At its peak, the whale held $91 million in unrealized profits. However, failing to take profits at the high has left him with an unrealized loss of $19.7 million. The whale has now deposited 114 BTC, worth $7.24 million, into Kraken, likely to sell.

This guy bought 1,768 $BTC ($131.91M) at $74,603 before the bull run, but missed the best time to sell. At the peak, he was sitting on $91M in unrealized profit. Now, he's down $19.7M. He now seems to be giving up, depositing 114 $BTC($7.24M) into #Kraken, likely to sell.

Japanese Prime Minister Sanae Takaichi has backed the Bank of Japan (BOJ) to raise interest rates in the near term, with the next move likely coming in September or October. The BOJ’s concerns over the weak yen pushing up prices, paired with the government’s desire to boost the effectiveness of recent joint U.S.-Japan foreign exchange market interventions, have aligned both sides on the necessity of a near-term rate hike. The Prime Minister’s Office holds that specific monetary policy measures, including rate hikes, should be decided by the BOJ, but the central bank should work closely with the government to achieve the 2% inflation target in a "stable manner." (Bloomberg)

According to Bitget market data, Hong Kong-listed Lenovo Group staged a sharp rally in the afternoon, jumping more than 12%. The company released its first-quarter financial results at noon: adjusted profit attributable to equity holders rose 176% year-on-year, while AI-related business revenue surged 60% year-on-year to 63.4 billion yuan, hitting a new all-time high.

The Bank of Korea has purchased gold-linked assets for the first time in 13 years to hedge against geopolitical and economic uncertainties. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC), as of the end of the second quarter, the Bank of Korea held 679,765 shares of SPDR Gold Shares, valued at roughly $250 million. The document shows the central bank held no shares of the world’s largest physically backed gold ETF three months earlier. The Bank of Korea stated that this investment marks its first purchase of gold-linked assets since 2013. The purchase will not boost the central bank’s official gold reserves, as gold ETFs are classified as securities and fall under foreign exchange reserves. Choi Kyuho, an economist at Hanwha Investment & Securities, said: “The Bank of Korea’s current gold allocation is quite low. From the perspective of aligning with global standards, there is still room for the central bank to further purchase gold. I believe they will gradually increase their gold holdings.”

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs recorded a net outflow of $61.1 million yesterday, with IBIT seeing a net outflow of $14.3 million and FBTC a net outflow of $46.8 million. U.S. spot Ethereum ETFs posted a net inflow of $7.4 million, all of which came from ETHA.