A New Wallet Purchases 32,640 ETH via OTC, Valued at $122 Million

On July 23, according to Lookonchain, a newly created wallet 0x3dF3 purchased 32,640 ETH (valued at $122 million) via over-the-counter trading, accumulating 43,787 ETH (worth $163 million) in the past 4 days.

A New Address Withdraws 400 BTC from Binance, Worth Approximately $47.49 Million

On July 23, according to Onchain Lens, a newly created wallet address withdrew 400 BTC from Binance 2 hours ago, valued at approximately $47.49 million.

Ethereum Validator Exit Queue Reaches $1.9 Billion, Waiting Time Exceeds 9 Days

On July 23, according to CoinDesk, the Ethereum validator exit queue surged to nearly 519,000 ETH (approximately $1.9 billion) on Tuesday, reaching the highest level since January 2024, with waiting time extended to over 9 days. Analysts believe this massive exit is primarily due to profit-taking triggered by ETH's 160% rise since April. Despite the large exit volume, the entry queue also reached 357,000 ETH (approximately $1.3 billion), with a waiting time over 6 days, indicating strong staking demand. Since the SEC clarified in late May that staking does not violate US securities laws, institutional staking demand has significantly increased, with Figment reporting over 100% growth in Ethereum staking delegation. Currently, the number of active validators has reached a record high of nearly 1.1 million.

Trump Announces Trade Agreement with Japan: 15% Tariff + $55 Billion US Investment

On July 23, US President Trump stated that the US has just reached a massive agreement with Japan, possibly the largest deal in history. According to Trump's instructions, Japan will invest $55 billion in the US, with the US receiving 90% of the profits. This agreement will create thousands of jobs—unprecedented in scale. Most importantly, Japan will open its national trade, including cars and trucks, rice and certain other agricultural products, and other items. Japan will pay a 15% reciprocal tariff to the US. For the US, this is an exciting moment, especially as the US will continue to maintain a good relationship with Japan.

OpenAI Warns Its Latest AI Model May Pose "Bioterror" Risks

OpenAI warns that its latest AI model may pose "bioterror" risks.

21Shares Submits S-1 Filing for ONDO ETF

According to market sources, 21Shares has submitted an S-1 application file for the ONDO ETF to the US SEC.

Polymarket Reportedly Considering Issuing Own Stablecoin to Control USDC Reserve Earnings

According to informed sources, crypto prediction market platform Polymarket is evaluating the possibility of launching its own stablecoin to control the earnings from Circle's high-reserve USDC. Currently, the platform has not made a final decision and is also considering a revenue-sharing agreement with Circle. Since Polymarket's ecosystem is closed, it only needs to enable exchange between USDC and its custom stablecoin, avoiding compliance challenges with "deposits and withdrawals", making stablecoin issuance more feasible technically and regulatorily. With recent US legislation on stablecoins, issuing stablecoins has become a new profit point for crypto companies and traditional financial institutions. During the last US election, Polymarket's platform had betting amounts of $8 billion, with 15.9 million visits in May. The company is currently acquiring the US exchange QCEX to return to the US market. Previously, Polymarket faced civil and criminal investigations for allowing US users to bet, which have now been resolved.

Cathie Wood Invests in Ethereum Asset Management Company BitMine

Cathie Wood's Ark Investment Management subscribed to approximately 4.77 million shares of Bitcoin mining company BitMine, valued at $182 million, distributed across three funds. According to a statement by BitMine, the proceeds will be used to purchase Ethereum. BitMine has recently shifted towards Ethereum-related asset management strategies.

SpaceX Warns Investors: Musk May Return to US Political Arena

Media reports, citing SpaceX documents and informed sources, suggest that Musk, who previously served as a senior advisor to Trump, may return to the US political arena. Documents indicate that Musk might hold a similar position and will invest significant time and effort. The company added language listing such "risk factors" in documents discussing acquisition offers to investors. Some say this is the first time such wording has appeared in these acquisition offers.

Bloomberg Analyst: Positive Signals for Bitcoin and Ethereum ETF Approval of Physical Redemption Mechanism

Bloomberg ETF analyst James Seyffart stated that five recently listed CBOE funds have submitted revised documents, indicating active communication and detail adjustments with regulators, potentially paving the way for a physical redemption mechanism. It's worth noting that this mechanism only applies to authorized participants (such as large Wall Street institutions and market makers), and ordinary investors cannot directly exchange ETF shares for Bitcoin or Ethereum spot assets.

Broader Sector Rotation: From Tech Stocks to Bitcoin

In the summer of 2025, global markets are experiencing a major capital rotation from tech stocks to assets like Bitcoin. The deep driving force behind this rotation is not merely a market adjustment, but a systemic crisis of confidence in centralized institutions, especially the Federal Reserve, marked by public political attacks on the Fed's independence. Under unsustainable fiscal deficit pressures, expectations of legal tender devaluation have intensified, making Bitcoin—transparent in rules and free from political interference—evolve from "digital gold" to the "ultimate insurance" for hedging systemic institutional risks, becoming a new destination for capital seeking true safety.

The $112 Million Wall Street Entry Ticket: Polymarket's Five-Year Compliance Journey and a New Era of Prediction Markets

This article discusses the Bitcoin perpetual contract funding rate mechanism and market dynamics, revealing how exchanges maintain price anchoring and market stability through a 0.01% benchmark fee, while encouraging arbitrageurs to correct price deviations. The funding rate serves as a real-time market sentiment indicator and influences trading costs and strategy selection, particularly providing important reverse trading signals in extreme market conditions.

Three Arrows Fired: How Will the US Crypto Regulatory "Golden Triangle" Reshape the Global Financial Landscape?

Last week, US cryptocurrency policy saw a historic breakthrough. The GENIUS Act establishes stablecoin issuance standards, pushing the market beyond $4 trillion in total market value; the CLARITY Act clarifies the regulatory division between SEC and CFTC, providing a legal definition for decentralization; the Anti-CBDC Act prohibits unauthorized issuance of central bank digital currencies, protecting financial privacy. These acts bring regulatory certainty to the industry and promote the US as a global cryptocurrency center.