Crypto Industry News & Market Trends

Ethereum is flashing a $478 million buy signal but top traders still expect it to fail

Ethereum has recorded $478 million in net exchange outflows over the last 7 days, a pace running roughly five times above average and the kind of supply-side move traders typically read as accumulation, according to Nansen.　　Nansens data complicates that reading, as top-PnL wallets sold a net $64 million over the past seven days, and smart traders and whale accounts on Hyperliquid perpetual futures both hold net short positions.　　“Smart traders” held $38 million net short, and whale wallets added another $21 million net short on top of that. Those are cohorts the market treats as genuinely informed traders, which gives their skepticism more weight.　　A bar chart shows a $478 million net ETH outflow against short positioning: $64 million top-PnL selling, $38 million and $21 million net short.Why ETH/BTC is the real scoreboard　　The renewed attention traces back to Ethereums underperformance against Bitcoin, a gap that widened earlier this year. ETH is down about 37.1% year-to-date, compared with Bitcoins 26.2% decline as of July 14, with the ETH/BTC ratio near 0.029.　　The bounce from Junes low at 0.025 is short of the levels that preceded Ethereums past periods of leadership.　　Citis March 2026 scenario work gives that recovery a price range to test against, with

07-16Industry

Dormant Bitcoin wallet moves $383M after more than 8 years

A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements.　　According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as “138EM…ReyiT” moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange.　　A #BitcoinOG transferred 5,908 $BTC($382.67M) to a new wallet after being dormant for 8 years.　　The OG received 5,908 $BTC 8 years ago when $BTC was trading at $16,865 and had held it ever since. 　　The position is now up $283M (+284%).https://t.co/x77s7oSDhC pic.twitter.com/bw4dUN7y13　　— Lookonchain (@lookonchain) July 16, 2026　　Arkhams data showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices.　　The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin‘s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record

07-16Industry

Crypto Social Activity Just Hit a Multi-Month Low: Why That Could Be Bullish for Bitcoin

Bitcoin remains under pressure, but the collapsing crypto discussion could leave room for whales to drive the next market move.　　Discussion surrounding cryptocurrencies across X, Reddit, Telegram, and other social platforms has dropped to its second-lowest daily level since October 2024. This comes even as Bitcoin continues trading around the mid-$60,000 range.　　According to the latest findings by Santiment, while the lack of conversation may appear bearish at first glance, it also reflects weak retail interest, which has often coincided with market turning points.　　Crypto Chatter Fades　　The current sense of “deadness” across social timelines can feel bearish, but Santiment described this disinterest as one of cryptos “most underrated forms of FUD,” while adding that when people stop posting, debating, and reacting to every market move, conditions become more favorable for large investors.　　The analytics platform said markets can become easier for large investors to influence because fewer retail traders are actively crowding trades during periods of low engagement. “Whales don‘t need a euphoric crowd to accumulate,” it explained while adding that some of crypto’s strongest rebounds have formed when retail attention was low, sentiment was exhausted, and markets faced less resistance on the way higher.　　Bitcoin continues to face pressure from macroeconomic uncertainty, swings in

07-16Industry

U.S. Senate unanimously opposes clemency for Sam Bankman-Fried

The U.S. Senate has unanimously approved a nonbinding resolution opposing any federal clemency for FTX founder Sam Bankman-Fried.　　Senators agreed to the measure by unanimous consent on July 15, meaning no senator objected when it was brought before the chamber.　　The resolution states that Bankman-Fried should “under no circumstances” receive executive clemency, including a presidential pardon or sentence commutation. The Senate measure does not limit the presidents constitutional pardon power, but it places the chamber on record against clemency for the former FTX chief.　　Senate backs bipartisan resolution without objection　　The Senate approved S.Res.772, according to the U.S. Senate Daily Press. The measure also states that denying clemency would support the rule of law and the integrity of the U.S. financial system.　　Agreed to by unanimous consent: S. Res. 772, A resolution expressing the sense of the #Senate that under no circumstances should Samuel Bankman-Fried receive executive clemency, including a pardon or commutation, and affirming the Senates commitment to the rule of law and…　　— Senate Press Gallery (@SenatePress) July 15, 2026　　Senators Cynthia Lummis and Ruben Gallego introduced the resolution on June 17. Lummis, a Republican from Wyoming, and Gallego, a Democrat from Arizona, serve on the Senate Banking Committees digital assets subcommittee. When introducing the

07-16Industry

Bitcoin rally has “borrowed strength” without spot demand, Bitfinex says

Bitcoins latest rebound may lack the buying support needed for a lasting breakout, according to the latest Bitfinex Alpha report.　　Bitcoin closed at $65,086 on July 14, gaining 4.4% and recording its highest close since June 22. Bitfinex said softer US inflation data drove most of the move by changing expectations around interest rates rather than attracting steady Bitcoin-specific demand.　　The report described the rally as “borrowed strength,” citing limited spot buying, a negative Coinbase premium and inconsistent inflows into US spot Bitcoin exchange-traded funds.　　Bitfinex Alpha: Bitcoin Lacks Sustained Spot Buying Support　　Bitfinex Alpha said the softer-than-expected US June CPI pushed Bitcoin to its highest close since June 22, but the rally was driven mainly by a repricing of macroeconomic expectations. The move lacked sustained spot… pic.twitter.com/n2qjHQf6mT　　— Wu Blockchain (@WuBlockchain) July 15, 2026　　Softer inflation data drives Bitcoin higher　　The June Consumer Price Index fell 0.4% from the previous month, while annual inflation slowed to 3.5% from 4.2%. Core inflation stood at 2.6%, below market expectations.　　The weaker inflation data reduced expectations for another Federal Reserve rate increase. According to Bitfinex, the odds of a July rate hike fell from 42% to around 12.3%, while the two-year US Treasury yield dropped as much as 14 basis

07-16Industry

ZachXBT calls hardware wallets “garbage,” says Ledger is the worst

Onchain investigator ZachXBT has criticized hardware wallets, arguing that users should not rely on them for critical transaction signing or storing large amounts of cryptocurrency.　　In a Telegram post, ZachXBT described hardware wallets as “complete garbage” and said he does not advise using them for important tasks. Instead, he suggested using a separate iPhone dedicated entirely to managing crypto assets.　　ZachXBT singles out Ledger over frequent updates　　ZachXBT directed his strongest criticism at Ledger, one of the largest hardware wallet manufacturers. He called Ledger “the worst” and claimed that frequent updates to Ledger Live can interfere with basic functions.　　ZachXBT Says Hardware Wallets Are “Garbage,” With Ledger the Worst　　ZachXBT, one of the crypto industrys most prominent onchain investigators, said he does not consider current hardware wallets suitable for signing critical transactions or storing large amounts of assets,… pic.twitter.com/UuVYX7NbjH　　— Wu Blockchain (@WuBlockchain) July 16, 2026　　He said Ledger Live receives “regular updates for UI / apps for no good reason that break simple actions.” The comments represent ZachXBTs personal assessment. He did not provide evidence that Ledger devices had suffered a new security breach or that their private-key protection had been compromised.　　Ledger has since renamed Ledger Live to Ledger Wallet. According to the companys official release

07-16Industry

Bitcoin whale moves $383 million in BTC after 8 years of dormancy: onchain data

Quick TakeA bitcoin OG wallet transferred 5,908 BTC to a new address on Wednesday.The wallet originally received the bitcoin in December 2017, when BTC was trading at around $16,800, meaning the holdings are now worth nearly four times as much.　　A bitcoin (BTC) whale has awakened and moved $382.7 million worth of BTC after remaining inactive for eight years and six months.　　According to onchain analytics provider Lookonchain, citing Arkham data, the OG wallet “138EM…ReyiT” transferred 5,908 BTC to a new address at 7:15 p.m. Wednesday ET. The funds remain in the recipient address.　　The wallet originally received the 5,908 BTC in December 2017, when bitcoin was trading at around $16,800 — valuing the holdings at roughly $99.6 million at the time. At current prices, the holdings are worth nearly four times as much.　　Earlier this week, another bitcoin whale moved roughly $188 million worth of BTC after more than seven years of dormancy. While the whales intentions remain unclear, market participants often view such transfers as potential precursors to token sales.　　The worlds largest cryptocurrency edged down 0.2% over the past 24 hours to trade at $64,769 as of 2:30 a.m. Thursday, according to The Blocks BTC price page.

07-16Industry

Cleanspark Lands $6.6B AI Lease as 20-Year Deal Reshapes Bitcoin Mining Strategy

Cleanspark has signed a 20-year triple-net lease at its Sandersville, Georgia, campus, expected to generate $6.6 billion in contracted revenue. The tenant has also secured exclusivity over Cleansparks 885 MW Texas portfolio, signaling a broader artificial intelligence (AI) infrastructure partnership.　　Key TakeawaysCleanspark signed a 20-year AI lease worth $6.6B, with potential to reach $11.6B.A major tech tenant secured exclusivity over Cleansparks 885 MW Texas portfolio.AI demand is pushing miners like Cleanspark toward power-focused infrastructure growth.　　Cleanspark Turns Georgia Mining Site Into 175 MW AI Campus With $6.6B Lease　　Cleanspark is accelerating its shift from bitcoin mining into large-scale digital infrastructure with a 20-year lease agreement expected to generate $6.6 billion in contracted revenue.　　The company said the triple-net lease covers 175 MW of critical IT load at its Sandersville, Georgia, campus. Deliveries are expected to begin in Q4 2027. The tenant was not named, but Cleanspark described it as a leading global technology company with a high investment-grade profile.　　The agreement includes two five-year extension options. If both are exercised, total expected contract value could rise to $11.6 billion.　　Cleanspark said the lease is expected to deliver an average annual net operating income contribution of about $330 million. Estimated landlord project costs are expected to range

07-16Industry

Bank of Tanzania Targets Crypto as Governor Warns of Terror Finance Risks

The Bank of Tanzania is reportedly finalizing a new regulatory framework to oversee cryptocurrencies and stablecoins.　　Key TakeawaysBank of Tanzania Governor Emmanuel Tutuba announced a new plan to regulate digital assets.The laws will govern stablecoins and cryptocurrencies like bitcoin to protect young local investors from risk.Next, Tanzania will implement the final regulations to target money laundering and system-wide security risks.　　Protecting Young Investors　　Tanzanias central bank is preparing a new regulatory framework for digital assets as authorities move to strengthen oversight of a rapidly expanding market and protect investors, Bank of Tanzania Governor Emmanuel Tutuba said this week.　　Tutuba, who made the announcement during a visit to the Bank of Tanzania pavilion at the 50th Dar es Salaam International Trade Fair, said the institution is finalizing laws and regulations to guide the supervision of virtual assets amid rising public interest, especially among young investors.　　“We are currently finalizing the preparation of laws and regulations for the supervision of digital assets, particularly virtual assets, cryptocurrencies, and stablecoins, so that we can strengthen regulation and oversight,” he said.　　The move is Tanzanias latest push to build a legal framework for virtual assets, aligning it with other nations trying to manage digital finance risks while supporting innovation.　　The governor said

07-16Industry

California pair charged with laundering crypto proceeds from darknet fentanyl sales

Quick TakeA California duo has been indicted on charges of darknet drug trafficking and laundering hundreds of thousands of dollars through crypto transactions.The pair allegedly shipped over 500 drug parcels nationwide over a seven-month period in 2025.　　A California duo has been indicted on charges of darknet drug trafficking and laundering hundreds of thousands of dollars in cryptocurrency proceeds from fentanyl and methamphetamine sales.　　According to a Wednesday statement from the Department of Justice, Nicholas Aguilar and Jessica Marcolina allegedly ran vendor accounts under the moniker “HotGirlzClub” on multiple darknet marketplaces. They are accused of shipping over 500 drug parcels nationwide over a seven-month period in 2025.　　The pair also allegedly laundered the proceeds from the drug sales through crypto transactions designed to conceal the source of the funds.　　During searches of the suspects residence in California, authorities found various evidence including drug packaging materials, a food processor containing suspected narcotics residue, firearms, and warning labels advising customers to “be safe until you know your tolerance for the product.”　　The suspects also allegedly operated an illicit firearms manufacturing setup, producing ghost guns, suppressors, and upper and lower firearm receivers.　　If convicted, Aguilar and Marcolina would each face up to life in prison on the drug trafficking

07-16Industry

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