Cryptocurrency News & Live Updates
Synopsis
An Ethereum whale sold 1,550.4 ETH after 47 days, cashing out $3.78 million but incurring a loss of $69,000, having initially purchased the ETH at a higher price.
In recent cryptocurrency news, an Ethereum whale has liquidated 1,550.4 ETH after holding the assets for 47 days, resulting in a loss of $69,000. This highlights the volatility in the market, where potential profits can quickly turn into losses. Meanwhile, Metaplanet’s strategic head, Shinpei Okuno, emphasized the company’s approach to avoid cash flow risks by not relying on bank loans, as banks do not accept Bitcoin as collateral. Instead, Metaplanet focuses on equity financing and is optimistic about the future of Bitcoin-backed bond investments. In the macroeconomic landscape, the Federal Reserve’s interest rate projections indicate a significant chance of rate cuts in the coming months, which could impact the cryptocurrency market. Additionally, trader James Wynn has taken a bold stance by sharing a Bitcoin short position with 40x leverage, showcasing the high-risk strategies some traders are employing. Lastly, the U.S. Senate is advancing a tax reform bill, which could have broader implications for the financial markets, including cryptocurrencies.
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Ethereum Whale Liquidates Holdings at a Loss
An Ethereum whale sold 1,550.4 ETH after 47 days, cashing out $3.78 million but incurring a loss of $69,000, having initially purchased the ETH at a higher price.
Metaplanet’s Innovative Bitcoin Financing Strategy
Metaplanet’s Shinpei Okuno emphasizes that the company avoids bank loans, relying on equity financing and Bitcoin’s daily price to mitigate cash flow risks.
Federal Reserve Rate Cut Projections for July and September
CME’s FedWatch tool shows an 18.6% chance of a 25 basis point rate cut in July, with an 81.4% likelihood of maintaining current rates. For September, there’s a 74.8% probability of a cumulative 25 basis point cut.
Trader Reveals High-Leverage Bitcoin Short Position
Cryptocurrency trader James Wynn showcased a Bitcoin short position with 40x leverage, totaling 13.91 Bitcoins worth about $1.49 million, currently yielding a floating profit of approximately $1,124.
Senate Moves Forward with Trump’s Tax Reform
Market reports suggest the U.S. Senate has garnered sufficient votes to proceed with President Trump’s tax reform bill, enhancing its chances of passing soon.
Bitdeer Boosts Bitcoin Holdings by 40.3 BTC
Bitdeer has added 40.3 BTC to its Bitcoin reserves this week, increasing its total to 1,486.1 BTC as part of its strategy to enhance its cryptocurrency portfolio.
Crossmint Teams Up with Visa for Blockchain Payments
Crossmint has partnered with Visa to launch AI-driven on-chain payments using tokenized credentials, introducing its NFT Wallet as a Service to streamline blockchain integration for businesses.
NFT Market Sees Trading Volume Surge
Recent data reveals an 8.17% increase in NFT trading volume, reaching $125.1 million, with stable buyer engagement and notable high-value transactions.
Resupply Protocol Unveils Recovery Strategy Post-Hack
Resupply has proposed a recovery plan after a hack left 10 million reUSD as bad debt, with plans to destroy 6 million reUSD through its insurance pool and gradually repay the remaining debt.
Resupply’s Recovery Strategy Criticized for Inaction
OneKey founder Yishi has condemned Resupply’s recovery plan, arguing that it unfairly places the burden on users while failing to pursue the hacker behind the $6 million reUSD loss.
Bitdeer Boosts Bitcoin Holdings by 40.3 BTC
Bitdeer has added 40.3 BTC to its portfolio this week, increasing its total Bitcoin holdings to 1,486.1 BTC as part of its strategy to enhance its cryptocurrency assets.
OneKey Founder Critiques Curve’s DeFi Hack Response
OneKey’s Yishi has criticized Curve’s DeFi protocol Resupply for its inadequate response to a recent hack, highlighting a lack of accountability and negative treatment of affected users.
Crossmint Teams Up with Visa for Blockchain Payments
Crossmint has partnered with Visa to launch AI-driven on-chain payments using tokenized credentials, introducing its NFT Wallet as a Service to streamline blockchain integration for businesses.
NFT Market Sees Recovery with Rising Trading Volume
Recent data from CryptoSlam reveals an 8.17% increase in NFT trading volume, reaching $125.1 million, with stable buyer engagement and notable high-value transactions.
Challenges Loom for Bitcoin Treasury Firms
A recent report indicates that Bitcoin treasury companies may struggle to survive a potential market downturn, with only a few likely to maintain their net asset value amid declining prices.
Trump Discusses U.S.-Europe Trade Challenges
U.S. President Donald Trump acknowledged positive relations with Europe but highlighted significant trade challenges, including heavy taxes and legal actions against American firms.
Crypto Startups Secure $739.5M in Funding
During the week of June 22–28, 2025, crypto startups raised $739.5 million across 17 deals, led by infrastructure and institutional-focused projects, with Kalshi topping the list at $185 million.
Trump Discusses U.S.-Europe Trade Challenges
President Trump acknowledges positive relations with Europe but highlights significant trade challenges, including heavy taxes and legal actions against U.S. companies.
NFT Sales Surge to $125M, Ethereum Rises
NFT sales have rebounded by 8.17% to $125.1 million, with Ethereum reclaiming its position as the second-largest blockchain for NFT sales, while Polygon drops to third.
Musk Envisions Economic Growth via AI and Robotics
Elon Musk believes that advancements in artificial intelligence and robotics will drive substantial economic growth and surplus over the next decade.
IRS Crypto Warning Letters Surge by 758%
CoinLedger reports a staggering 758% increase in IRS warning letters sent to U.S. crypto investors in the last 60 days, with many recipients confused despite believing their tax filings were correct.