Bitcoin treasury firm Empery makes a $20 million strategic preferred stock investment in AI data center developer CDP.

July 23 Update: #Bitcoin ETFs: 1D NetFlow: +1,064 $BTC(+$69.28M)?? 7D NetFlow: +10,891 $BTC(+$709.47M)?? #Ethereum ETFs: 1D NetFlow: +37,753 $ETH(+$71.88M)?? 7D NetFlow: +84,364 $ETH(+$160.63M)??

According to Specter’s monitoring, a long-inactive PancakeSwap liquidity provider (LP) suffered a loss of roughly $2.96 million after signing a malicious EIP-7702 authorization. The attacker drained approximately $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim, then swapped the BUSD for ETH. To date, the attacker has deposited around $1.46 million into Tornado Cash, with the remaining roughly $1.48 million in USDT still held in the attacker’s address.

Arthur Hayes delivers a farewell message as BitMEX prepares to shut down, thanking his partners, BitMEX employees, and most importantly, its clients. “It’s been an incredible journey. We did something special together. I’m incredibly proud of everything we built, and proud that we could close in our own way, responsibly. Fuck traditional finance (TradFi), fuck banks, Satoshi Nakamoto lives forever!” BitMEX, which pioneered 100x leverage crypto contracts back in 2014, announced it will officially cease operations on September 23, having already suspended new user registrations and launched an orderly liquidation process.

Market analyst qinbafrank noted that tonight’s Brent crude contract touched $100, the 10-year U.S. Treasury yield broke through 4.7%, and the U.S. Dollar Index climbed back above 101. The deteriorating macro environment will subject markets to three simultaneous pressures in the short term: rising oil prices lifting inflation expectations; higher U.S. bond yields dragging down stock valuations; and a stronger U.S. dollar tightening global liquidity. In his view, the recent market outlook is not optimistic, as deleveraging of risk assets has not yet fully cleared while macro headwinds are approaching. If Brent crude breaks above $100, WTI crude holds at $90, the 10-year U.S. Treasury yield stays above 4.7%, and the U.S. dollar remains above 101, large tech stocks represented by the Nasdaq will face the greatest pressure, and gold will also be forced to continue under pressure. The failed attempt to open a new shipping route through the Strait of Hormuz and the death of U.S. service members mean Trump is unlikely to pivot immediately in the short term; he may need to feel extreme market pessimism and pressure before backing down. “Trump may not have accepted a harsh reality: he can no longer restore the Strait of Hormuz to its pre-war state, yet he still has to show toughness from time to time to appease domestic opposition voices and sentiments, and to boost his approval rating and election prospects.” For Trump, the options are either to indirectly repurchase international navigation rights in the strait, paying Iran huge sums to cede control, or to completely destroy Iran’s regime and military capabilities—but for now, it appears Trump has no intention of taking that step.

According to Arkham data, a wallet suspected to belong to Abraxas Capital transferred 2,211 BTC to Kraken, valued at $143.88 million.

According to market data from BIT (bit.com), the Dow Jones Industrial Average fell 0.92%, the S&P 500 dropped 1.12%, and the Nasdaq declined 1.75% at the opening of U.S. stock trading. Tesla (TSLA.O) opened down roughly 9% after its quarterly profit missed expectations and its free cash flow turned negative for the first time in over two years. Alphabet (GOOG.O), Google’s parent company, fell around 6% following an upward revision to its fiscal year capital expenditure forecast and a warning that cash flow pressures will persist.