Tether invests $20M into Argentine neobank Ualá

Stablecoin giant Tether reportedly invested $20 million in the Argentine neobank Ualá, as part of its broader push in Latin America.  The investment formed part of a $197 million equity funding round announced by Ualá in March and led by Allianz X, according to Bloomberg. Ualá disclosed Tether as a participant in the round at the time but did not reveal the size of its investment.  Cointelegraph contacted Tether for confirmation but had not received a response by publication.  Earlier in July, Tether announced a $20 million investment in Brazilian crypto exchange Mercado Bitcoin to support the expansion of its onchain infrastructure across Latin America.  In April, Tether led a $14 million Series A funding round for the Argentine crypto platform Belo, with participation from Titan Fund, The Venture City, Mindset Ventures, G2, and other existing investors.  Tether issues USDt (USDT), the worlds largest stablecoin, which had a market capitalization of $184.4 billion at the time of writing, according to CoinMarketCap.

07-16انڈسٹری

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

07-16انڈسٹری

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

07-16انڈسٹری

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

07-16انڈسٹری

Market Analysts Describe Bitcoin‘s Latest Move as a “Borrowed Rally” — Here’s Why

Bitfinex Alpha reported that the lower-than-expected US inflation figures for June propelled Bitcoin to its highest daily close since June 22, but the rise is not yet backed by strong and sustainable demand.  According to the report, the recent movement in Bitcoin was largely driven by the repricing of macroeconomic expectations and the interest rate outlook. However, the market did not see sustained spot buying, a positive Coinbase premium, or continued ETF inflows independent of the price level. Bitfinex Alpha therefore characterized the rise as “borrowed strength.”  Analysts have identified the $68,000 to $68,300 range as a critical decision point for Bitcoin. They added that continued inflows into spot Bitcoin ETFs are necessary for the price to maintain its position above this range.  Related News A Cryptocurrency Platform Was Hacked: Major Losses Reported - Transactions Suspended  Yesterday, spot Bitcoin ETFs saw a total net inflow of $181.1 million, with BlackRocks IBIT fund accounting for $138.9 million of that amount. Bitfinex Alpha stated that flows in the coming days will show whether the outflow on July 13th was temporary and whether a new wave of strong inflows has begun.  The report warned that despite one of the most positive macroeconomic data releases of the year, the

07-16

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

07-16انڈسٹری

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

07-16انڈسٹری

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

07-16انڈسٹری

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.

07-16انڈسٹری

A bitcoin wallet dormant since the 2017 peak just moved $383 million

A bitcoin address that had not spent a coin in eight years moved 5,908 $BTC worth about $383 million on Thursday, data shows.  The wallet took in the coins when bitcoin traded at around $16,000, a level the market saw in December 2017 and early January 2018, within weeks of a cycle peak near $20,000.  The stack cost roughly $100 million then and is worth about $383 million now, a gain of about 284%. It was worth $726 million at bitcoins lifetime in October 2025.  The entry date is what makes the holding unusual. Bitcoin fell about 80% through 2018 to near $3,200. It recovered to $69,000 in 2021, then collapsed to about $15,500 in November 2022, which briefly put this position underwater five years after it was built.  The wallet stayed shut then, and again last year when bitcoin cleared $122,000, roughly seven times the entry price. It is opening now, with bitcoin near $64,800 and about half the 2025 high behind it.  But where the coins went matters more than that they moved. Data traced by CoinDesk shows the $BTC landed at a new, unmarked address - not an exchange deposit address - which indicates a direct sale has not yet taken place.

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