Official Trump’s team has transferred about $16.91 million in TRUMP tokens to Fireblocks custody wallets as Senate negotiations over ethics rules in the CLARITY Act remain stalled.
Summary
16.84 million TRUMP tokens were sent to three Fireblocks custody addresses, according to Arkham Intelligence. Arkham said the addresses had previously moved received TRUMP tokens onward to BitGo. Senate Democrats are resisting ethics provisions that leave enforcement solely with the Department of Justice. TRUMP has fallen about 98% from its January 2025 peak of $73.43, based on the supplied market data. TRUMP tokens move to Fireblocks custody wallets Arkham Intelligence reported that the Official Trump team transferred 16.84 million TRUMP tokens, valued at roughly $16.91 million, to three Fireblocks custody addresses on July 25.
“TRUMP TEAM SENT $16M TRUMP TO CUSTODY,” Arkham wrote in its alert, adding that the transfers were split among three Fireblocks wallets.
TRUMP TEAM SENT $16M TRUMP TO CUSTODY
The $TRUMP team just transferred $16.91M of TRUMP to 3 Fireblocks Custody addresses.
These addresses have all received $TRUMP in the past, and all sent their past TRUMP to Bitgo. Are they distributing TRUMP unlocks? pic.twitter.com/Y6XU8dg7qS
— Arkham (@arkham) July 25, 2026 The blockchain analytics firm noted that each destination address had received TRUMP tokens before and later sent those holdings to BitGo. Arkham asked whether the latest movements could be connected to the distribution of TRUMP unlocks.
The transaction does not by itself show that tokens were sold or sent to an exchange. However, the use of custody addresses has drawn attention because a large share of the memecoin’s supply remains tied to insider-controlled wallets.
Crypto tools data cited in the report shows that the team could sell up to 96 million tokens, equal to 9.6% of the total supply and about 40% of the reported circulating supply of 237 million tokens. About 80% of the total supply remains in insider hands, while roughly 670 million tokens, or 67%, have already unlocked.
TRUMP traded near $1.57 at press time, according to the supplied data. That price represents an 83% decline from its year-over-year high and a nearly 98% drop from the $73.43 level reached in January 2025.
CLARITY Act ethics rules put Trump’s crypto ties in focus The transfer comes as Senate Republicans attempt to secure backing for the Digital Asset Market Clarity Act, known as the CLARITY Act, before the August recess.
Senate Majority Leader John Thune has pushed to bring the bill to the floor even without the 60 votes needed to overcome a filibuster. “I would like to at least get Clarity started. We’ll see where the votes are,” Thune previously said.
The House passed the legislation in July 2025, while the Senate Banking Committee advanced it in May 2026 by a 15-9 vote. The bill still needs additional Democratic support, with ethics standards and consumer protections remaining central obstacles.
Republicans have added restrictions on crypto activity by senior elected officials to the latest draft. According to reports by Crypto in America’s Eleanor Terrett and Punchbowl News’ Brendan Pedersen, the White House sent the proposed language to Republican senators on July 20 before Democrats had reviewed it.
The draft would cover the president, vice president, members of Congress, federal judges and their spouses. Covered officials would be barred from issuing or sponsoring digital assets and would have to sell their crypto holdings, use a blind trust, or take both steps.
The provision would expire at noon on Jan. 20, 2029, when Trump’s term is scheduled to end. It would also permit companies to continue using an official’s name, image or likeness when that arrangement existed before the official became subject to the restrictions.
Democratic opposition centers on enforcement Democratic Sen. Angela Alsobrooks has objected to relying only on the Department of Justice to enforce the ethics rules, calling that approach “unserious.”
Alsobrooks said she would oppose the CLARITY Act if the current wording reached the Senate floor. Her stance carries added weight because she was one of two Democrats who supported advancing the bill through the Senate Banking Committee in May.
President Donald Trump accepted the ethics provision earlier this week after Democratic lawmakers made limits on elected officials’ crypto dealings a condition for continued talks. Yet disagreement over who enforces those restrictions has prevented a bipartisan deal.
Democrats pushed for the language after financial disclosures showed Trump earned as much as $1.4 billion from crypto-related ventures last year. Alsobrooks and Sen. Kirsten Gillibrand had told colleagues that the market-structure bill could not advance without conflict-of-interest rules.
What the TRUMP transfer means for US holders For U.S. TRUMP holders, the on-chain movement adds a fresh supply-related risk while the Senate debates whether elected officials can retain ties to token projects. The Fireblocks transfers do not prove sales, but Arkham’s note about prior transfers from the same addresses to BitGo has fueled scrutiny over their potential purpose.
The immediate focus is whether the wallets make further transfers to exchanges or other custodians, and whether negotiators can resolve the DOJ enforcement dispute before the Senate’s August recess.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Arkham Intelligence has added Robinhood Chain to its multi-chain explorer and API, giving its users the ability to track real-time transfers, explore addresses, and de-anonymize entities on the retail trading giant’s freshly launched blockchain. The integration, which went live around July 22-23, lands just weeks after Robinhood Chain opened its public mainnet on July 1.
Here’s why this matters: Robinhood Chain isn’t just another L2 fighting for DeFi scraps. It’s a purpose-built network for tokenized real-world assets, letting users in more than 120 countries trade stock tokens tied to names like NVIDIA, Google, and Apple. Having Arkham’s analytical toolkit pointed at it from day one gives this ecosystem something most new chains lack: transparency infrastructure before the chaos starts.
What Arkham brings to the table Transaction scanning, wallet tracking, entity identification, and alerts for large transfers are the core offerings. For Robinhood Chain specifically, the integration means users can now monitor profitable traders operating in this new ecosystem. They can trace crypto flows across addresses, set up custom alerts for whale movements, and analyze trading patterns as the chain’s user base grows.
Advertisement
Robinhood Chain’s early days Robinhood Chain is built as an Arbitrum Layer 2, which means it inherits Ethereum’s security while processing transactions more cheaply and quickly. ETH serves as the native gas currency, and the chain uses Ethereum’s blob infrastructure for data availability. Its Ethereum Chain ID is 4663.
Uniswap was deployed from the start, giving users immediate access to decentralized trading. Early engagement metrics suggest genuine interest. The chain reportedly earned approximately $350,000 in fees within its first 24 hours of operation.
The tokenized stock angle is what makes Robinhood Chain genuinely different from the dozens of other L2s jostling for attention. By offering stock tokens linked to major equities, the chain creates a bridge between traditional finance and DeFi that doesn’t require users to abandon familiar asset classes. Accessibility across more than 120 countries is another differentiator, with Robinhood positioning its chain as the infrastructure to make that happen through its Robinhood Wallet.
What this means for investors For traders already active on Robinhood Chain, the ability to monitor on-chain activity through Arkham’s tools creates a more level playing field. Tracking which wallets are accumulating tokenized stock positions, identifying large memecoin transfers, and watching for patterns among early adopters are all now possible.
The broader market hasn’t reacted dramatically to either the chain launch or the Arkham integration. Initial price movements across related tokens were muted.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A significant on-chain transaction has emerged in the Shiba Inu market, as a major investor reactivated their wallet to accumulate SHIB tokens for the first time in eight months, according to blockchain analytics firm Arkham.
Large investor activity draws attention amid market downturnWhile retail investors in Shiba Inu have largely been forced to realize losses due to the continued lack of substantial growth, data reveals a different approach from this particular wallet. Instead of selling, the account has been gradually increasing its SHIB position, taking advantage of discounted prices offered via the largest liquidity pool for SHIB on Binance.
Arkham data indicates the wallet strategically accumulated more than 50.25 billion SHIB tokens, valued at approximately $209,200, making SHIB the primary asset in its portfolio. The transactions mainly originated from Binance hot wallets and consistently moved tokens into the investor’s personal custody.
Arkham reported that the investor consistently withdrew SHIB from Binance, contradicting the notion of a random purchase and instead pointing to a deliberate and ongoing accumulation strategy.
The purchases follow a period of silence by the wallet stretching over eight months, highlighting a renewed appetite for SHIB at current levels. This turn comes at a time when Shiba Inu’s price dropped to multi-year lows, returning to support levels last seen in late 2022.
Mini dictionary: Arkham is a blockchain analytics company that provides real-time data on wallet activity, giving investors and researchers detailed information on large transactions and on-chain movements.
Market outlook: Shiba Inu at critical supportTradingView data shows that by the end of July 2025, Shiba Inu’s price had fallen to $0.000004142. This marked a retreat to the coin’s established support region from 2022 and the near erasure of momentum gained in early 2024.
With SHIB prices languishing at these historical support levels, further direction is expected to depend on whether large buyers can maintain a strong buy wall in Binance’s order book. A breakdown beneath the current support of $0.0000041 may trigger widespread stop-loss selling from retail traders, risking a deeper decline.
Analysts highlight that a decisive move may require a burst of trading volume on exchanges, combined with continued withdrawals of tokens to cold storage. Such actions would suggest robust accumulation and could create conditions for SHIB to attempt a breakout against local resistance—its first in two years.
MetricCurrent ValueLast SeenSHIB price$0.000004142End of July 2025Main support levelNear $0.0000041Late 2022Tokens accumulated by whale50.25 billion SHIBEight months after last purchaseToken value (approx.)$209,200July 2025If prices remain stable at current thresholds and accumulation continues, the Shiba Inu market may witness its most significant trend reversal attempt since 2022.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews July 24 news, according to Arkham statistics, the Meme coin CASHCAT on Robinhood Chain has over 61,000 holders, but the top 1000 addresses hold 89.1% of the supply, worth over $40 million. Other tokens held by these addresses include PONS ($2.84 million), TENDIES ($1.87 million), STONKBROKER ($1.1 million), Index ($1.07 million), WOOD ($409,000), SQUEEZE ($314,000), VIRTUAL ($308,000), JUGGERNAUT ($299,000), UP ($275,000), DEGEN ($247,000), KITSU ($229,000), SWOGE ($211,000) and VEX ($207,000).
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
1 hours ago
AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
1 hours ago
SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
1 hours ago
Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
1 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
1 hours ago
Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Arkham now supports on-chain data for Robinhood Chain. This means you can:
Track and monitor sophisticated market participants and profitable traders on Robinhood chainSet alerts for large fund movements and be notified when important traders move coinsFollow Robinhood memecoins on Arkham and track prices in real-time
Here’s a dashboard showing the holdings and activity of several top memecoin traders on Robinhood Chain:
We tracked this trader, Trader 0x4A5, from when he turned $144 into almost $4 million on CASHCAT, Robinhood Chain’s top memecoin. Now, he’s back at $1 million. This is a network graph of his activity on Robinhood Chain:
Robinhood Chain is now fully supported on the Arkham API, with full endpoint integration. Every call that you make on other chains, can now also be made on Robinhood Chain.
A significant leveraged position in HYPE, the native token of Hyperliquid, has drawn attention after the blockchain analytics firm Arkham Intelligence identified a trader as the current holder of the largest on-chain HYPE long. Despite facing an unrealized loss of approximately $18 million, the trader has maintained the position, reflecting both the high-risk approach common in leveraged cryptocurrency trading and the expanding profile of altcoin derivatives markets.
Arkham highlights largest HYPE long positionArkham Intelligence, a company specializing in blockchain data analysis, reported that the on-chain trader known as “watershedpath” holds the biggest HYPE long position, valued at over $80 million. The account has endured an estimated $18 million paper loss over the past two weeks, as HYPE experienced a retreat from its recent price highs.
Despite these losses, Arkham stated that “watershedpath” has kept the position open, relying on a margin balance reportedly around $16 million to support the leveraged trade. This level of margin provides collateral, helping to prevent immediate liquidation as long as HYPE’s price does not drop to the estimated liquidation threshold.
Trader “watershedpath” holds the largest HYPE long on-chain right now, with a position worth over $80M, according to Arkham Intelligence. Liquidation may occur if the HYPE price declines by approximately $6 from current levels.
Arkham noted that reaching the liquidation threshold could lead to forced closure of the position, impacting both the trader and potentially the broader HYPE market.
Mini dictionary: Hyperliquid is a decentralized perpetual trading platform that allows users to trade crypto derivatives with leverage through an on-chain order book system, offering increased transparency compared to centralized exchanges.
TraderPosition ValueMargin RemainingUnrealized LossLiquidation Gapwatershedpath$80 million$16 million$18 million~$6 price dropImpact of large leveraged trades on HYPE marketLarge leveraged trades like this one are closely watched by market participants due to their potential to drive market volatility, especially if liquidation levels are approached. In leveraged positions, even small market moves can result in automatic liquidations, producing sharp increases in buying or selling activity and contributing to volatility across perpetual futures platforms.
The size of this HYPE position goes beyond a single trader, as forced liquidation might influence overall market liquidity and sentiment. If the position is triggered, it could also affect other leveraged holders, potentially setting off additional unwinding of positions. As long as the trader’s margin remains sufficient, the position can be sustained despite current losses.
Hyperliquid’s growth in decentralized derivativesHyperliquid has recently established itself among the fastest-growing decentralized exchanges for perpetual derivatives, utilizing an on-chain order book for trading. The platform emphasizes transparency, with large positions visible and trackable in real time by third-party analytics providers such as Arkham Intelligence.
This transparency offers traders insight into major market participants, making risk management a crucial consideration in such an environment.
Monitoring risk and liquidation levelsThe outcome of the largest HYPE leveraged position will depend largely on movement in HYPE’s price in the coming days. A recovery could allow the trader to reduce losses, while extended declines could trigger a liquidation if the margin buffer is depleted. This scenario underscores the need for close monitoring of leverage, margin requirements, and broader market factors when trading digital assets.
Investors remain attentive to significant leveraged positions as indicators of both conviction and risk in the rapidly evolving market for altcoin perpetual futures.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Want to know who’s holding the most PEPE tokens? You can now just ask Claude. A new open-source integration connects Anthropic’s Claude AI with Arkham Intelligence’s API, letting users run on-chain analytics using natural language instead of wrestling with raw blockchain data.
The tool, maintained by a developer named Vyntral on GitHub, essentially teaches Claude how to talk to Arkham’s data layer. Instead of writing API calls and parsing JSON responses, users can type something like “analyze the top holders of PEPE token” and get structured intelligence back.
How the integration actually works The setup is straightforward, at least by developer standards. Users clone the repository into their local Claude skills directory, plug in their own Arkham API key, and start querying. The system supports over 10 blockchains, including Ethereum, Bitcoin, and Solana.
Advertisement
This isn’t a formal partnership between Arkham and Anthropic. It’s a community-driven project. Users are responsible for their own API keys and local configurations. But Arkham has leaned into the concept, publishing official documentation and guides for AI agent implementations starting April 2026, with an update in July 2026.
The Arkham API itself comes with defined guardrails. Standard endpoints are rate-limited to 20 requests per second, while heavier queries are capped at 1 request per second.
Supported use cases include whale tracking, portfolio research for major entities like Wintermute and Jump Trading, trending token monitoring, and deep dives into wallet holdings.
Why memecoin analysis is the obvious first use case The practical examples in the repository lean heavily into this territory. Memecoin analysis is front and center. The tokens with the least fundamental value tend to be the ones where on-chain data matters most. When there’s no revenue model, no product roadmap, and no earnings call, wallet movements are the only signal worth tracking.
What this means for investors Running an Arkham API query previously required some technical fluency. You needed to understand endpoints, parameters, and data structures. The Claude integration strips away that barrier entirely.
There’s also a broader question about how platforms like Arkham position themselves going forward. The fact that Arkham has published guides specifically aimed at AI agent implementations suggests the company sees AI integration as a growth vector. Arkham’s native token, ARKM, operates in a governance context and isn’t directly tied to this AI integration, but increased platform usage driven by AI accessibility could influence the token’s narrative among holders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
World Cup Predict.fun Final Launches 30-Point Market, 260,000 USDT Prize Pool Up for Grabs
Predict.fun’s World Cup Finals have officially kicked off. Centered on the Argentina vs. Spain match, 30 fan token markets are now live, covering multiple dimensions including match outcome, score, goals, corner kicks, and player performance, with nearly 200,000 fan tokens released in total. Supporters of the eventual winning team will split the 260,000 USDT final prize pool based on their points rankings.
1 hours ago
Analysis: Bitcoin will not bottom out this quarter; the current sideways consolidation is a false stability, with the real bottom and accumulation window arriving in October.
Market analyst Noname has published a post refuting the current "bottom is already here" narrative, arguing that calling a bottom is premature. The current sideways consolidation essentially reflects indecision, with "hesitation at this level usually preceding a downward breakout before an upward move." The analyst outlined a clear path forecast for the second half of 2026: July will see "false stability" and a bear trap rally, with volatility to flush out weak positions; August will mark the start of the real decline, testing the $50,000 level for the first time; September will extend downward pressure, with a W-bottom structure beginning to form; October will be the actual bottom and accumulation zone, at which point participation strategies will turn aggressive; November will show initial signs of recovery, with prices starting to rebound from the bottom; December will bring the possibility of returning to $100,000 for the first time since the bear market began. The analyst emphasized that the final sell-off is still imminent, though most refuse to believe it. "Don’t let the sideways movement fool you." In terms of rhythm, the decline since the June high is a full liquidation of the three-year rally. Previous bear cycles all ended with corrections of over 80%; the current price is roughly 50% down from its all-time high, so if history repeats, lower targets should still be within expectations. The analyst predicts the final bottom will not drag into the fourth quarter—this cycle will complete in the third quarter. An oversold zone with expanding volume may be observed between August and September, followed by a breakout in the fourth quarter, and returning to $100,000 by year-end will be the minimum rebound target needed for bulls to repair structural damage.
1 hours ago
Smart money address 'gritsa.eth' has opened a long position of 50 BTC, valued at approximately $3.22 million.
According to OnchainLens monitoring, the smart money address "gritsa.eth" has just opened a long position on Hyperliquid for 50 BTC, worth approximately $3.22 million. The trader’s cumulative profit exceeds $2.83 million.
1 hours ago
CZ teases in a post: Even being inactive doesn’t hurt gaining followers – could the bear market be nearing its end?
Binance founder CZ posted, "Inactivity doesn’t seem to affect follower growth at all. Is the bear market almost over?" According to the tweet CZ cited, his current follower count on X stands at 11.98 million, soon to cross the 12 million threshold.
1 hours ago
US Secretary of Energy states that military operations against Iran will continue.
U.S. Energy Secretary Wright has stated that U.S. military operations against Iran will continue until President Trump achieves his military objectives. In an interview, Wright said the Trump administration’s goal is to prevent Iran from acquiring nuclear weapons and weaken its ability to threaten neighboring countries and global commercial activities. "Therefore, this mission will continue until its task is completed," (CCTV)
1 hours ago
US semiconductor ETFs are poised to post their highest annual capital inflow ever, with over $46 billion already added this year.
As of now, U.S. semiconductor ETFs have attracted over $460 billion in inflows in 2026, on track to set a new record for the largest annual inflow ever, equal to 31% of the ETF’s total assets under management (AUM). Year-to-date total inflows are more than double the sum recorded from January 2017 to December 2025. As a result, cumulative inflows since 2017 have climbed to a record $680 billion. Last week alone, semiconductor ETFs drew in over $2.3 billion in inflows—investors have never allocated such massive sums to these ETFs before.
HyperCore data is now on Arkham Intel. You can now see an address’s Hyperliquid trades, current positions and performance.
Hyperliquid Positions
Hyperliquid positions have been added as part of an address’s cross-chain portfolio. You can see an entity’s current perpetual positions alongside their spot holdings on ETH, Solana, and HyperEVM. Across all of their wallets, Abraxas Capital has over $1 Billion in combined on-chain spot and perpetual margin.
Past Performance
Hyperliquid PnL has been added to an address’s Balance Graph module. See anyone’s Hyperliquid performance alongside their on-chain PnL. Want to know if someone is better at perps or on-chain? Compare their PnL with one click.
Hyperliquid Trades
Review a complete record of any address or entity’s trades on Hyperliquid. Filter their trades by market, size, or even time period.Arkham shows you a complete record of any entity’s trades over any time period. You can also filter for trades executed within a certain price range or at a certain sizing.
According to data from Arkham Intelligence compiled by WuBlockchain, Satoshi Nakamoto’s addresses still contain roughly 1.096 million Bitcoin—worth around $71 billion at current prices—making the pseudonymous creator the single largest BTC-holding entity. The original pool of mined coins, untouched since Bitcoin’s early days, remains a silent foundation beneath a market that has since been reshaped by exchanges, funds, and government seizures.
The numbers paint a clear picture of where the actual supply now sits. Coinbase controls approximately 981,000 BTC. Michael Saylor’s Strategy (the firm previously known as MicroStrategy) holds 844,000 BTC, an accumulation driven by its corporate treasury strategy. BlackRock’s various funds—primarily through its spot Bitcoin ETF—have amassed around 732,000 BTC. Binance, the world’s largest exchange by trading volume, holds about 675,000 BTC. Then there is the U.S. government, sitting on 325,000 Bitcoin obtained largely through asset forfeitures tied to criminal investigations.
Exchanges and ETFs Become the New Base of Supply The breakdown reveals a fundamental change in Bitcoin ownership. Over a decade ago, the majority of coins were controlled by individuals and early miners. Today, a handful of centralized venues and institutional vehicles dominate the addresses with the largest balances. Coinbase and Binance alone hold more than 1.65 million BTC between them—an amount that rivals Satoshi’s estimated stash. That concentration heightens counterparty risk conversations, especially as exchanges custody customer assets in opaque ways. The rise of spot Bitcoin ETFs in the U.S. has only accelerated the trend, pushing giant volumes of bitcoin into institutional-grade custody structures managed by a few firms.
The open question is what happens if any of these large pools are forced to move funds suddenly, whether due to regulatory action, a security breach, or a strategic decision. The crypto market has seen cascades of selling pressure triggered by large exchange outflows before, but the scale here is far larger than anything witnessed during past exchange crises.
State Holdings Add a Regulatory Wildcard The U.S. government’s 325,000 BTC stake is different in kind. Unlike exchanges or investment managers, the government has no mandate to custody assets for clients; it holds them as evidence or proceeds of crime. The Department of Justice has a history of selling seized Bitcoin in batches, sometimes through auction, sometimes through open-market sales. Those sales have historically caused short-term price dislocations. As lawmakers debate the future of crypto legislation—including the landmark bill that Wall Street banks are currently attempting to kill—the massive federal Bitcoin position creates a policy contradiction. A government that debates how to regulate digital assets is also one of the largest involuntary holders of the same asset.
Other governments are beginning to face similar situations as they expand enforcement against ransomware networks and darknet markets. Germany, for example, has liquidated significant portions of its seized Bitcoin in previous cycles. How major economies decide to handle these inventories could influence market liquidity far beyond any single regulatory ruling.
The Unspoken Variable: Satoshi’s Keys No discussion of Bitcoin concentration is complete without acknowledging that Satoshi’s approximately 1.1 million BTC may never move. Wallets attributed to the creator have been dormant for over a decade, and many analysts believe the private keys are either lost or deliberately destroyed. Still, the mere existence of those coins creates a permanent uncertainty premium. Any on-chain movement from those addresses would almost certainly trigger panic selling, no matter the intent behind the transfer. The fact that the market has priced Bitcoin as a trillion-dollar asset class without substantial evidence of the creator’s activity is a testament to how deeply the “Satoshi dormancy” assumption is embedded.
The Arkham snapshot also shows that the two largest individual wallet addresses belong to Binance’s cold storage, holding approximately 249,000 BTC and 181,000 BTC respectively. These are functionally part of Binance’s aggregated holdings, but the concentration in just two addresses highlights how few points of failure exist when it comes to big exchange custody. While the blockchain remains a distributed ledger, the practical custody map looks increasingly like a traditional financial network with a small number of massive nodes.
What matters next is how these balances evolve. As ETF demand continues and exchanges compete for institutional clients, the rankings may shift further. But one thing is clear: the era of purely decentralized retail ownership has given way to a landscape where the largest Bitcoin balances reflect corporate treasuries, asset managers, and governments—a structure that carries both maturity and concentration risk in equal measure.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
Summary
A Bitcoin wallet dormant for more than eight years transferred 5,908 BTC worth about $383 million to a new address. Onchain data showed the coins were not sent to a known exchange wallet, leaving the holder’s intentions unclear. The transfer followed another dormant whale move earlier this week, keeping large Bitcoin wallet activity in focus. 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.
Arkham’s 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 high above $122,000 reached in October 2025, according to market price data. At that peak, the wallet’s balance was worth about $726 million.
While the movement has drawn attention, CoinDesk’s onchain analysis said the Bitcoin was transferred to a newly created, unlabeled address rather than a known exchange deposit address, indicating there is no onchain evidence of an immediate public sale.
The report also noted that the coins moved from a legacy Bitcoin address beginning with “1” to a newer SegWit address beginning with “bc1q.” According to CoinDesk, large holders often reorganize assets to upgrade wallet formats, improve custody, rotate private keys, prepare estate transfers, or arrange over-the-counter transactions that do not reach public exchanges.
Dormant whale activity remains in focus The latest transfer follows another dormant Bitcoin wallet that became active earlier this week after more than seven years. As previously reported by crypto.news, blockchain intelligence platform Arkham said a wallet moved 2,931 BTC worth about $188 million to a new address after remaining inactive since Bitcoin traded near $6,500.
Although neither transfer has confirmed selling activity, CryptoQuant has reported that whale-sized deposits continue to dominate Bitcoin exchange inflows. Its exchange whale ratio recently stood at 0.99, indicating that the 10 largest transfers accounted for nearly all Bitcoin deposited to exchanges.
According to the firm, elevated readings have historically been associated with higher selling pressure because large deposits are more likely to precede sizable sales.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Arkham's monitoring, Polymarket platform account "gud.hl" holds 12.35 million Argentina World Cup-related prediction contracts. The account previously opened positions at around $1.3 million, and currently has an unrealized profit of approximately $1.1 million. If Argentina wins the World Cup, the account's position value will rise to roughly $12 million, generating substantial gains.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
14 minutes ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
14 minutes ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
14 minutes ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
14 minutes ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
14 minutes ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
According to monitoring by Arkham, a U.S. government-linked address has shown unusual activity again, transferring approximately $250,000 worth of SHIB from funds seized from FTX and Alameda, and the transfer is expected to be used to repay FTX’s creditors.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
14 minutes ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
14 minutes ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
14 minutes ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
14 minutes ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
14 minutes ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
According to Arkham’s monitoring, the address holding seized FTX/Alameda funds under U.S. government custody transferred 4,815 ETH to Coinbase, worth $9.29 million, and is likely to sell the assets soon to repay FTX creditors.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
14 minutes ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
14 minutes ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
14 minutes ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
14 minutes ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
14 minutes ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
A wallet labelled by blockchain analytics platform Arkham as belonging to the U.S. government has transferred approximately 54.9 billion Shiba Inu [SHIB]. The tokens are worth around $235,000. This has renewed attention on crypto assets seized during the FTX and Alameda Research investigations.
The movement was detected on-chain on July 15. While Arkham identified the SHIB as assets seized from FTX and Alameda, no U.S. government agency has publicly explained the purpose of the transfer.
Arkham flags movement from government-labelled wallet According to Arkham, the government-linked wallet transferred 54.895 billion SHIB. This was alongside smaller token movements from an address it attributes to assets seized in connection with FTX and Alameda.
The transfer was visible on-chain, although the destination does not, in itself, establish why the assets were moved. Government-controlled wallets routinely transfer digital assets for a range of operational reasons. This includes custody management, consolidation, or future disposal.
Arkham suggested the SHIB could ultimately be used in the FTX creditor repayment process. However, no court filing, Department of Justice statement, or update from the FTX Recovery Trust had confirmed the purpose of the transfer at the time of writing.
Transfer comes as FTX repayments continue The movement also comes as the FTX bankruptcy estate continues distributing recovered assets to creditors under its court-approved repayment plan.
Since the exchange’s collapse in November 2022, the estate has made multiple distributions to eligible creditor classes. Also, it has been recovering billions of dollars in assets through liquidations, settlements, and asset sales.
Bankruptcy administrators have previously said eligible creditors are expected to receive full principal repayments, with many also receiving statutory interest.
However, there is currently no indication that Wednesday’s SHIB transfer forms part of those ongoing creditor distributions.
Blockchain reveals movements, not motives Government wallet activity frequently attracts attention because blockchain data makes transfers publicly visible in real time. However, on-chain data alone cannot explain why assets are moved.
Without supporting court documents or official statements, transfers between government-controlled wallets or custodians may reflect administrative actions rather than imminent sales or distributions.
As a result, the latest SHIB movement should be viewed as a confirmed on-chain transfer rather than evidence of a specific government action.
Final Summary Arkham detected the transfer of approximately 54.9 billion SHIB, worth around $235,000, from a wallet it labels as belonging to the U.S. government. Although the transfer comes as the FTX estate continues creditor repayments, no official source has connected the movement to the bankruptcy distribution process.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Seized Bitcoin, Ethereum MovesIn a similar development, an address containing Bitcoin seized from the defunct cryptocurrency exchange BTC-e moved $57.27 million in BTC.
Another wallet linked to Brian Krewson, the Oracle employee convicted of laundering millions in cryptocurrency for convicted drug traffickers, directly moved 30,000 ETH, worth $53 million, to Coinbase Prime.
“Will they be selling it all?” Arkham sparked intrigue, though no conclusive evidence supported it at the time of writing.
Big Sell Pressure Incoming?Movements from wallets tied to the government are not unusual. In the past, the Federal government has sold or auctioned cryptocurrencies it acquired through law enforcement actions, criminal probes, and asset seizures.
A notable example is billionaire Tim Draper, who bought nearly 30,000 BTC seized from the Silk Road darknet market by the U.S. Marshals Service, a Department of Justice agency, in 2014.
The USMS didn’t immediately return Benzinga’s request for confirmation on the latest transfer.
US Government: A BTC HODLer?The U.S. government holds 324,552 BTC, worth approximately $20.27 billion, and 28,394 ETH valued at $50.51 million, according to Arkham data.
Last year, President Donald Trump’s executive order established a Strategic Bitcoin Reserve funded by forfeited assets, with a provision to develop budget-neutral strategies for acquiring additional BTC.
Treasury Secretary Scott Bessent said last year that the government would stop selling the confiscated Bitcoin.
Price Action: At the time of writing, BTC was exchanging hands at $62,486.46, down 0.54% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
CASHCAT’s market cap briefly surpassed $200 million, rising over 20% in 24 hours.
According to GMGN market data, the Robinhood Chain meme coin CASHCAT briefly exceeded $200 million in market capitalization, and has now retreated to $192 million, posting a more than 20% 24-hour gain with a 24-hour trading volume of $40.3 million. BlockBeats reminds users that meme coins are subject to extreme price volatility, and investors should exercise caution regarding associated risks.
18 minutes ago
Global crude oil prices continue to rise, with both U.S. WTI and Brent crude up 3% on the day.
According to Bitget market data, Brent crude oil rose 3.00% intraday to $85.31 per barrel. WTI crude oil rose 3.00% intraday to $80.14 per barrel. Trump posted a statement yesterday saying that the US will immediately resume the blockade of Iran and impose a 20% fee on cargo transportation.
18 minutes ago
Market sources: Samsung is in preliminary discussions regarding a potential stock sale in the U.S.
According to market sources, Samsung is holding preliminary discussions regarding a potential stock sale in the United States.
18 minutes ago
Goldman Sachs: Hong Kong's market has entered the AI era, and equity financing volume is expected to reach a new high this year.
Wang Yajun, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), noted that Hong Kong’s market has entered the AI era, yet major stock indices have not fully reflected the impact of AI-related enterprises. This explains the contrast between this year’s red-hot IPO fundraising and the relatively lackluster performance of secondary market indices. Wang forecasts that Hong Kong’s total equity financing and IPO fundraising scale will both reach new highs in 2026. Since the start of this year, AI has become the most active investment theme in Hong Kong’s stock market: the most actively traded, best-performing, and largest fundraising stocks are all AI-related, though index constituent adjustments lag behind. Regarding AI industry valuations, Wang believes that sustained growth in AI demand will drive continued expansion of capital expenditures on infrastructure such as computing power, chips, and storage, and the industry still has room for growth in capital spending. As China’s AI industrial chain continues to improve, more AI enterprises are expected to list in Hong Kong or on the STAR Market in the second half of the year.
18 minutes ago
The funding rate of SK Hynix-related contracts on Hyperliquid surged more than 130% within one hour.
Hyperliquid platform’s SK Hynix-linked contracts SKHX and SKHY have seen extremely robust trading activity, with a combined 24-hour trading volume of $1.836 billion, surpassing Bitcoin (BTC) to become the platform’s most active asset by trading volume. SKHX alone notched a 24-hour volume of $1.63 billion and open interest (OI) of $635 million, while SKHY posted a 24-hour volume of $206 million and OI of $101 million. SKHY still trades at a roughly 26% premium to SKHX. Notably, SKHX’s funding rate surged sharply in just one hour: it jumped from +0.0064% to +0.0151%, a rise of over 130%. Concurrently, the contract’s trading volume dipped slightly from $1.663 billion to $1.604 billion, and its open interest fell from $638.6 million to $627.1 million. A sharp spike in funding rates typically signals a rapid rise in bullish sentiment, as long positions flood the market—traders holding long positions face higher costs to maintain their bets, reflecting intensifying long-short battles in SKHX contracts and growing speculative enthusiasm for SK Hynix’s US-listed assets.
18 minutes ago
The United States launched a five-hour continuous air raid on Iran, in retaliation for Iran's bombing of a U.S. military base in Jordan.
Iran's Islamic Revolutionary Guard Corps (IRGC) announced that it had launched ballistic missiles at a U.S. military air base in Jordan and called on Jordanian citizens to resist the U.S. military presence there. Jordanian authorities said its air defense systems successfully intercepted four Iranian missiles that entered its airspace, and the incident caused no casualties or property damage. In response, U.S. Central Command, with authorization from President Donald Trump, carried out approximately five hours of continuous airstrikes on targets inside Iran. This marked the third consecutive night of large-scale U.S. military strikes against Iran. According to Iranian media reports, multiple targets including the port of Bandar Abbas were struck, with some naval maintenance facilities damaged. Meanwhile, tensions in the Strait of Hormuz remain high. Trump recently proposed that the U.S. would take responsibility for securing the Strait of Hormuz and planned to impose a 20% fee on goods transiting the waterway, sparking widespread international controversy. Affected by the escalating situation in the Middle East, international oil prices rose nearly 3% at one point, as markets worry that shipping risks in the strait will further exacerbate global energy supply tensions.
The US government on Monday deposited about $288 million worth of confiscated Bitcoin and Ether onto Coinbase Prime, according to Arkham Intelligence data.
The transferred assets are linked to three separate enforcement cases involving Brian Krewson, convicted darknet drug trafficker Ryan Farace, and the now-defunct crypto exchange BTC-e.
Advertisement
Krewson, a former Oracle employee known outside work as the performer “Mr. Poto,” came under Justice Department scrutiny over allegations that he helped safeguard millions of dollars in crypto connected to convicted cocaine traffickers. He has not been charged with a crime.
Although moving funds to Coinbase Prime often raises expectations of a possible sale, these transfers alone could simply be an administrative transfer, and do not indicate the government intends to sell the crypto assets.
The government-labeled wallets currently hold 324,551 Bitcoin worth over $20 billion at current market prices.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A Bitcoin wallet dormant since the cryptocurrency traded near $6,500 has transferred 2,931 BTC worth about $188 million, reviving onchain activity after seven years.
Summary
A Bitcoin wallet inactive for seven years has moved 2,931 BTC worth about $188 million. Onchain data showed the wallet last became active when Bitcoin traded near $6,500, leaving the holder with an estimated tenfold gain. Whale sized transfers continue to dominate Bitcoin exchange inflows, a trend that analysts have historically linked to selling pressure. Blockchain intelligence platform Arkham reported that the long-inactive holder moved the Bitcoin from wallet “356my” to a new address, “bc1qn”, on Sunday. The transfer is the wallet’s first recorded onchain movement since it last became active when Bitcoin was priced at roughly $6,500.
With Bitcoin now changing hands at around $64,000, blockchain analytics platform Onchain Lens estimated the holder is sitting on nearly a tenfold gain from the original position.
A Bitcoin whale just woke up after 7 years.
2,931 $BTC (~$188M) was moved after sitting untouched since BTC traded at ~$6.5K.
Today, with BTC above ~$64K, the same stack is worth nearly 10x more.
Data credit: @arkham pic.twitter.com/y0JXIM91yK
— Onchain Lens (@OnchainLens) July 12, 2026 Whale transfers continue to dominate exchange flows The latest movement comes as large Bitcoin holders continue to account for most transfers into cryptocurrency exchanges, a trend that onchain data has linked to rising selling pressure.
CryptoQuant’s exchange whale ratio chart showed that about 99% of Bitcoin deposited to exchanges currently comes from the 10 largest individual transfers. The metric stood at 0.99 at the time of publication, indicating that whale-sized transactions continue to dominate exchange inflows.
According to CryptoQuant, elevated whale exchange ratios have historically been associated with bearish market conditions because large deposits are more likely to precede sizeable sell orders than routine transfers from retail investors.
Separately, data from Coinglass classifies transfers worth at least $10 million as whale transactions. Such movements have accounted for most Bitcoin flowing to exchanges in recent months, increasing trader focus on whether large holders are preparing to sell.
Selling pressure has also persisted from another direction. Data from Farside Investors showed that U.S. spot Bitcoin exchange-traded funds recorded $197 million in net inflows during the week leading up to Friday, although the products posted $4.51 billion in net outflows throughout June, their weakest monthly performance on record.
Dormant wallets remain under close watch Older Bitcoin wallets have continued attracting market attention because many are associated with early miners, long-term holders, or defunct trading platforms.
Earlier this year, crypto.news reported that a dormant whale destroyed 107 BTC worth about $8.3 million by sending the coins to an unrecoverable burn address after nearly 11 years of inactivity. Blockchain security firm AMLBot said the transactions may have been linked to the collapsed Mt. Gox exchange, although no entity behind the transfers was identified.
In a separate case reported by crypto.news, another Satoshi-era holder transferred 2,650 BTC worth more than $200 million to trading firms FalconX and Cumberland while retaining nearly 6,000 BTC.
Although those transfers did not confirm an immediate sale, market participants closely tracked the movement because large transactions from early Bitcoin holders can introduce additional supply if the coins eventually reach exchanges.
Bitcoin’s move back toward the $64,000 area gives bulls something to work with, but it does not remove the market’s next problem. After a sharp recovery, the focus now shifts to overhead supply and whether buyers can absorb the next wave of profit-taking.
That is often how rebounds work in crypto. The first move higher proves that demand still exists. The second move has to prove that demand is strong enough to break through sellers waiting above.
For more details, visit the official Arkham platform.
TL;DR Bitcoin has recovered toward the $64,000 region.The move follows a difficult stretch marked by liquidations and supply concerns.The next question is whether buyers can push through overhead resistance near $65,000. Why The $64,000 Area Matters Round numbers matter because they concentrate attention, but the more important point is the cluster of supply above the current range. Traders who bought the dip may take profit, while others who were trapped during the drawdown may look for an exit.
That creates a real resistance test. A clean break higher could reset sentiment quickly. A rejection would suggest the market still needs more time to digest recent volatility.
ETF Flows And Wallet Data Are Part Of The Picture This is not just a chart story. Bitcoin has also been dealing with ETF flow swings, government wallet movement, and broader liquidity changes. Those factors can either reinforce the rebound or make it harder to sustain.
For now, the market has moved from panic to a more balanced test. Bulls have reclaimed ground, but the next few sessions will show whether that recovery has depth.
Why The Detail Matters Now The practical takeaway is that Bitcoin stories now have to be read through both market structure and product execution. A headline can create attention, but the more durable signal is whether the underlying source points to real activity, a real filing, a real integration, or a measurable change in how users and institutions behave.
That is why this development is worth separating from ordinary market noise. It gives readers a specific point to track over the next few sessions rather than a vague reason to be bullish or bearish. If follow-up data confirms the direction, the story can build. If not, it still gives the market a clearer snapshot of where attention is concentrating today.
The Market Read The cleaner way to read this story is not to force it into a simple bullish or bearish box. For Bitcoin readers, the useful part is the change in context. A new filing, integration, market signal, or regulatory step can alter how traders think about the next few sessions even when it does not instantly change price.
That is especially true after the last few volatile weeks, when crypto has been dealing with a mix of ETF flows, legal updates, exchange listings, protocol upgrades, and shifting liquidity. The market is no longer reacting to one dominant theme. It is weighing several smaller signals at once, and that makes source-backed developments more important than ordinary chatter.
Why Readers Should Keep This On The Radar For NewsBTC readers, the important question is what this changes from here. If follow-up data, filings, governance updates, or wallet movement confirm the direction, the story can develop into a larger market theme. If the next update is weak, delayed, or contradicted by new data, the market may quickly move on.
That is why the scope matters. This article is not treating the development as a guaranteed price trigger. It is treating it as a fresh signal inside a market that is trying to sort durable activity from short-term noise. The distinction is important because crypto narratives can move faster than the facts behind them.
The next thing to watch is whether this becomes part of a wider pattern. In some cases that means more institutional flows. In others it means stronger developer adoption, cleaner regulatory access, deeper exchange liquidity, or a clearer technical roadmap. Either way, the story is strongest if it is followed by measurable execution rather than another round of speculative headlines.
This report is based on market and wallet data from Arkham Intelligence.
This article was written by the News Desk and edited by Samuel Rae.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Morgan Stanley has increased its Bitcoin holdings by nearly 1,000 BTC over the past two weeks, lifting its tracked balance above 5,700 BTC, according to on-chain data.
Summary
Morgan Stanley added nearly 1,000 BTC over the past two weeks, pushing its tracked holdings to 5,761 BTC. Arkham data shows the accumulation came through multiple large transfers from Coinbase Prime rather than a single purchase. The latest buying follows Morgan Stanley’s June crypto expansion with Galaxy Digital, allowing eligible clients to convert crypto into spot investment products. According to blockchain intelligence platform Arkham, the investment bank continued adding Bitcoin through its spot Bitcoin investment product during the recent market pullback. Arkham’s latest portfolio data shows Morgan Stanley now holds 5,761 BTC worth roughly $369.9 million, making it one of the larger institutional Bitcoin holders tracked on the platform.
Source: Arkham The latest increase follows a series of transfers recorded over the past two weeks instead of a single purchase. Arkham’s transaction history shows several large inflows from Coinbase Prime wallets, including transfers of 495.8 BTC, 171.9 BTC, 166.2 BTC, 154.8 BTC, 143.3 BTC, 126.1 BTC, 120.4 BTC, and another 34.4 BTC within the last 14 hours. The activity also includes minor operational transfers and a 1 BTC movement back to Coinbase Prime, leaving the firm’s net increase at roughly 1,000 BTC.
Source: Arkham Latest purchases have come through multiple large transfers Recent Arkham data indicates Morgan Stanley accumulated Bitcoin in stages rather than executing a single large transaction. Most of the recorded inflows originated from Coinbase Prime custody and deposit addresses, suggesting institutional settlement activity linked to its Bitcoin investment product.
At current market prices shown on Arkham, the firm’s Bitcoin holdings are valued at nearly $370 million. Arkham also classifies the entity as a fund, an exchange-traded product, and a Bitcoin whale, while linking the portfolio to 11 tracked wallet addresses.
The latest buying extends a pattern of adding exposure during price weakness. Although Arkham describes the activity as another instance of Morgan Stanley “buying the dip,” the platform does not disclose whether the transactions represent direct purchases, client subscriptions, or other operational inflows into the investment vehicle.
Crypto investment services have expanded for wealthy clients The recent accumulation follows Morgan Stanley Wealth Management’s June announcement that it had expanded its digital asset offering through a referral arrangement with Galaxy Digital.
Under the program, eligible high-net-worth clients can lend cryptocurrencies including Bitcoin, Ether, and Solana to Galaxy Digital and receive shares in spot crypto investment products, including the Morgan Stanley Bitcoin Trust. According to the companies, the structure allows investors to move crypto exposure into regulated investment vehicles without first selling their digital assets.
Morgan Stanley and Galaxy Digital also said the arrangement can reduce in-kind crypto-to-exchange-traded product onboarding times by as much as 75%, making transfers into regulated investment products faster than conventional processes.
The expanded client offering and the latest on-chain accumulation come as institutional participation in spot Bitcoin investment products continues to grow. While Arkham’s wallet data tracks assets associated with Morgan Stanley’s Bitcoin product, the platform does not identify the underlying investors or distinguish between firm-owned holdings and assets managed on behalf of clients.
U.S. regulators propose to block CME Group’s application to launch 24-hour oil contracts.
The U.S. Commodity Futures Trading Commission (CFTC) plans to block Chicago Mercantile Exchange (CME)’s application to quickly launch 24/7 oil contracts, amid concerns that energy markets are not ready for an influx of large volumes of all-day derivatives contracts. CME said in June it planned to offer 24/7 trading for a futures contract tied to West Texas Intermediate (WTI) crude oil, denominated in 10-barrel lots, citing investor demand to manage positions “whenever news breaks.” On Wednesday, CME filed a self-certification application for the new product, which means the CFTC has only one day to intervene before the contract can be listed for trading. According to people familiar with the matter, the CFTC plans to block CME’s self-certification. CFTC Chair Michael Selesinger has met with executives from energy firms including Shell, Vitol, BP and ExxonMobil in recent weeks. Another application CME submitted for the same product, which requires a 45-day review period, is still under regulatory consideration.
1 seconds ago
Mantle Super Portal has migrated to Chainlink CCIP, bringing institutional-grade security for MNT cross-chain transfers.
According to official announcements, Mantle today announced that its native cross-chain infrastructure Mantle Super Portal—developed in partnership with Bybit—has migrated from LayerZero to Chainlink CCIP. Powered by CCIP, Mantle Super Portal will feature enhanced cross-chain security, decentralized node infrastructure security guarantees, advanced risk management, and institutional-grade security standards, delivering a higher level of protection for cross-chain transfers of MNT tokens valued at over $2.5 billion. Additionally, as an increasing number of regulated assets, such as tokenized equities, move on-chain, the underlying infrastructure supporting them must meet traditional financial standards. This migration will further solidify Mantle’s position as a "distribution layer connecting traditional finance and on-chain liquidity" and underscores Mantle and Bybit’s ongoing commitment to growing MNT through further integrations, opportunities, and use cases. According to the announcement, Mantle Super Portal will be temporarily offline during the migration period, scheduled from July 9 to 15, 2026 (with a possible slight extension of the timeline). Users do not need to take any action, and transfers will automatically resume once the migration is complete.
1 seconds ago
Ahead of the US stock market opening, a crypto whale plans to go long on Nasdaq 100 index positions worth approximately $22 million.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x3e7…f1589 deposited 5 million USDC at 7:30 PM tonight, then opened a 20x long position in XYZ100 (which tracks the Nasdaq 100 index) worth $16.63 million at an entry price of 29,458. Currently, over $5.3 million worth of TWAP orders are still being filled gradually, with the final position valued at around $22 million.
1 seconds ago
SK Hynix sets the price guidance for its U.S. ADR issuance at a 3.1% premium to its South Korean closing price.
Market News: SK Hynix has set the issue reference price for its American Depositary Receipts (ADR) at $149 per unit, a 3.1% premium over its closing price in South Korea.
1 seconds ago
PayPal USD officially launches on the Polygon network.
Paxos has announced that PayPal USD (PYUSD) is now officially native-issued on the Polygon blockchain, and is being offered to the market via Polygon’s Open Money Stack. The move aims to provide institutions and enterprises with a federally regulated on-chain USD settlement solution, covering deposit, withdrawal and compliance functions. The Polygon blockchain currently records an average daily stablecoin settlement volume of over $2.5 billion, with a total cumulative settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust chartered institution regulated by the U.S. Office of the Comptroller of the Currency (OCC).
1 seconds ago
Glassnode: In the late stage of Bitcoin's bottoming process, the scale of realized losses has reached its highest point since December 2022.
Glassnode says Bitcoin is in the late stages of bottom formation, but capitulation selling by long-term holders remains elevated, with the recent peak in realized losses approaching $280 million daily — the highest level since December 2022. Glassnode notes that this metric needs to shrink significantly for the market to credibly shift back into a bullish state. Last week, Bitcoin rebounded from $58,300 to $64,400 before pulling back to $62,700, and still trades below the short-term holders' cost base of roughly $72,200 and the True Market Mean of around $76,600. Net outflows from spot Bitcoin ETFs have narrowed but remain negative.
Germany’s seized Bitcoin wallet has been one of the most watched addresses in crypto for weeks. Every transfer to an exchange became a market event, every balance update became a reason for traders to argue about short-term supply. Now that story appears to have reached its natural end: the tracked wallet balance has been drawn down to zero.
That does not mean the market suddenly becomes risk-free, but it does remove a very specific pressure point. The German selloff was easy to monitor, easy to fear, and easy to build headlines around. Once that wallet is empty, traders have to look elsewhere for the next source of forced supply.
For more details, visit the official Arkham platform.
TL;DR Arkham-tracked German government wallets now show the selloff cycle reaching its final stage.The balance drop removes one of the most visible sovereign Bitcoin supply overhangs from the market.Traders are now watching whether Bitcoin can trade without that repeated exchange-flow pressure. A Visible Overhang Finally Clears What made the German wallet so important was not just the size of the stash. It was the transparency. Arkham-tracked movements showed coins leaving government-linked addresses and heading toward venues such as Coinbase, Kraken, and other exchange-linked destinations. That made the selling risk visible in real time.
Visible supply is psychologically powerful. Even before a sale is confirmed, the market tends to price the risk of one. That is why Bitcoin often looked heavy when large transfers appeared. The coins were not just numbers on a dashboard; they became a running test of how much demand the market could absorb.
What Happens After The Wallet Hits Zero The cleaner takeaway is that a concentrated selloff source has likely stopped being the same daily threat. That matters for sentiment because Bitcoin has also had to deal with ETF flow swings, miner pressure, and legacy distribution fears from other corners of the market.
The market still needs fresh demand to prove the overhang has truly passed. If buyers step in while this selling source fades, the narrative can shift quickly from forced supply to absorption. If Bitcoin remains weak, traders will know the problem was broader than Germany alone.
Why Traders Will Still Watch Arkham The German wallet episode also shows how much on-chain intelligence now shapes short-term trading. Government balances, exchange deposits, and institutional custody moves are no longer background details. They are part of the live market conversation.
For now, the story is simple: one of Bitcoin’s most visible selloff risks has been largely exhausted. That does not guarantee a rally, but it changes the supply backdrop in a way traders cannot ignore.
The Reader Takeaway The useful way to read this story is not as a standalone headline about German BKA, but as part of the wider pressure building around Bitcoin coverage this week. Markets have been jumping quickly from one catalyst to the next, so the cleaner value for readers is in separating the actual development from the instant reaction around it. In this case, the source material gives us a concrete event to work from, rather than a loose rumour or a recycled social-media talking point.
That distinction matters because crypto readers are being asked to process a lot at once: ETF flows, regulatory actions, exchange listings, protocol upgrades, wallet movements, and political signals. A story like this is most useful when it helps them understand where Bitcoin Selloff fits into that broader map. It does not need to be inflated into a guaranteed price call to be worth covering. It simply needs to explain what changed, who is affected, and why the market is paying attention today.
The caveat is also important. Even clean source-backed developments can be overinterpreted when traders are hunting for a fast narrative. A listing does not automatically create lasting demand, a regulatory update does not immediately settle every legal question, and an on-chain movement does not always translate into a finished sale. The better read is to treat the development as a fresh data point and then watch whether follow-up activity confirms the direction of travel.
For NewsBTC readers, that means keeping the focus on what can actually be verified from the source and avoiding the temptation to turn every update into a sweeping market verdict. The story is strong enough on its own terms: it gives investors and traders another piece of context around Bitcoin, while leaving room for the next filing, dashboard update, wallet movement, governance vote, or exchange notice to decide whether the angle grows into something bigger.
This report is based on wallet data from Arkham Intelligence.
This article was written by the News Desk and edited by Samuel Rae.
According to Arkham’s monitoring, an address labeled SpaceX has transferred Bitcoin for the first time in six months. Data shows that SpaceX address 15atF initiated a BTC test transaction to SpaceX address bc1q9, worth approximately $88, which is suspected to be a test transfer.
Relevant content
Ondo Perps' trading volume has surpassed $2 billion within 48 hours of its launch.
According to official sources, Ondo announced that the cumulative trading volume of its Ondo Perps public beta exceeded $2 billion within the first 48 hours after its launch.
3 hours ago
Michael Saylor: Concerns over Bitcoin block space shortage are gradually easing, while global transfers still maintain low fees.
MicroStrategy founder Michael Saylor published an article noting that after a decade of concerns over insufficient block space and controversies surrounding non-monetary use cases, Bitcoin still has no so-called "spam transaction problem." Currently, Bitcoin network fees stand at approximately 1 sat/vB, enabling anyone to quickly transfer any amount of Bitcoin globally for roughly $0.3. Free market mechanisms have been consistently resolving the challenges facing Bitcoin's block space.
3 hours ago
Sources: Iran will close the Strait of Hormuz if the US launches an attack.
According to CCTV News, sources from Iran’s security department stated that if the U.S. launches any attack on Iran, Iran will close the Strait of Hormuz and retaliate against enemy targets with a response at least twice the scale of the strike it receives. U.S. President Donald Trump said on the 8th while attending the NATO summit in Turkey that he is very unhappy with Iran, the U.S. military “could strike Iran hard again tonight” and may also reimpose a naval blockade on Iran.
3 hours ago
BNP Paribas: Merger between Tesla and SpaceX is far from imminent
BNP Paribas analysts have expressed doubt over the recent possibility of a merger between Tesla and SpaceX. "The massive cash burn and significant regulatory risks of both companies complicate a potential merger between SpaceX and Tesla," they stated. The investor sentiment for Tesla, which has improved amid merger speculation, may be overly optimistic, and the analysts maintained their "underperform" rating and $280 target price for the firm. "We are concerned that Tesla will face daunting KPIs in its robotaxi and Optimus businesses over the next two years, which will pose downside risks to its core operations before any SpaceX merger is actually realized."
3 hours ago
Trump: Will See If He Can Continue Keeping Oil Prices Low, Notes That Oil Prices Should Remain Low
US President Trump said, "We will see if we can continue to push oil prices lower. We should maintain low oil prices."
3 hours ago
A whale has aggregated approximately $5.85 million worth of HYPE and LIT assets into the same wallet.
According to monitoring by Onchain Lens, a crypto whale has transferred approximately $5.85 million worth of HYPE and LIT assets into a single wallet, with the funds likely accumulated through Galaxy Digital. The transferred assets consist of 78,100 HYPE tokens (valued at around $5.25 million) and 263,700 LIT tokens (worth approximately $601,000).
SpaceX moved Bitcoin (BTC) on-chain for the first time in six months on Tuesday. The company sent an $88 test transaction between two of its tagged wallets, blockchain tracker Arkham Intelligence reported.
The tiny transfer instantly revived a familiar question. SpaceX holds 18,712 BTC, and Elon Musk’s companies rarely touch their coins without drawing market attention.
Is SpaceX Moving Its Bitcoin?Arkham flagged the transaction on Wednesday. The funds traveled from a legacy “15atF” address to a newer “bc1q9” address.
SpaceX Bitcoin test transaction between tagged wallets. Source: Arkham “A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9). Is SpaceX about to move more BTC?” Arkham posed.
Follow us on X to get the latest news as it happens
The question posed by Arkham itself fuels speculation. Tiny test sends are a standard custody step that verifies a new address before larger sums follow.
SpaceX has followed this playbook before. In October 2025, Arkham research recorded 2,495 BTC, worth $257 million, landing in two fresh wallets after months of quiet. That followed a $300 million shift to Coinbase Prime custody in July 2025.
SPACEX MOVING $250 MILLION BTC
SpaceX has just moved a total of $268.5 Million BTC. This involves them moving 90 and 10 BTC to separate wallets, with the other $257.7M remaining in SpaceX wallets.
What is SpaceX doing with 100 BTC? pic.twitter.com/Hb4rPBx7Ma
— Arkham (@arkham) October 21, 2025 Traders also remember that SpaceX has sold before. Arkham’s records show it offloaded two large chunks of its stack during the 2022 crypto winter. Tesla, by contrast, has left its 11,509 BTC untouched since 2024.
No Evidence of a Sale as Holdings Stay at 18,712 BTCStill, nothing currently points to selling. BitcoinTreasuries shows 18,712 BTC, unchanged since the May 21 S-1 filing that preceded SpaceX’s June 12 IPO.
SpaceX BTC Holdings. Source: Bitcoin TreasuriesThat filing also reframed what wallet watchers can see. On-chain trackers had estimated roughly 8,285 BTC, so the disclosure revealed 10,427 BTC they had never traced. In other words, Arkham’s tagged addresses cover less than half the treasury.
Ownership concentrates the decision further. Musk was expected to keep a controlling stake above 85%, leaving any accumulation or disposal at his discretion.
The timing adds intrigue. SpaceX stock joined the Nasdaq-100 this week, while BTC trades near $62,060, roughly half its October peak of $126,080. Consequently, the stash is worth about $1.2 billion, down from $1.45 billion at the time of disclosure.
Wallet data can move sentiment fast. Reports of MicroStrategy’s larger-than-reported sales showed as much just last week. Similarly, activity from long-dormant Bitcoin wallets tends to signal consolidation rather than selling.
If precedent holds, the $88 send points to custody housekeeping rather than an exit. However, follow-up transfers from the new address in the coming days would reveal whether a larger reshuffle is underway.
Elon Musk’s SpaceX-linked wallet address moved Bitcoin after 6 months, sparking speculation in crypto and stock markets. The transfer coincided with massive profit booking in SPCX stock that sent the stock below its IPO debut price.
Elon Musk’s SpaceX Wallet Transfers Bitcoin According to Arkham Intelligence data on July 8, a wallet address linked to Elon Musk’s SpaceX moved Bitcoin for the first time in six months. The transfer triggered selling speculations despite the firm moved just $88 worth of BTC.
The firm last moved more than 1016 BTC worth nearly $100 million. SpaceX wallet still holds almost 18,712 BTC, valued at $1.16 billion at the current market price. Notably, the destination address now holds 614 BTC worth $38 million.
Elon Musk’s SpaceX Moves Bitcoin. Source: Arkham Outflows from SpaceX to other unknown wallets increased significantly last year near the October 10 crypto market crash. The transfers gradually stopped as the firm’s focus switched to its SpaceX IPO.
The latest transfer comes amid Bitcoin selling by digital asset treasuries such as Michael Saylor’s Strategy, MARA Holdings, Nakamoto Holdings, and Sequans Communications. Last week, Michael Saylor’s Strategy announced Bitcoin sale worth $216 million.
Meanwhile, Bitcoin price is trading above $62K, almost 2% lower amid renewed US-Iran strikes. President Trump cast doubt on the future of the cease-fire with Iran after both sides traded attacks, saying “I think it’s over.”
SPCX Stock Extends Fall to 25% SPCX stock closed 6.83% lower at $149.47 on Tuesday, falling to an intraday low of $148.86 amid massive profit booking. The stock price has dropped below its IPO debut price.
The stock dropped despite Elon Musk-led space exploration and AI company SpaceX joined the Nasdaq 100. While it sparked long-term bullish sentiment among investors due to potential influx of investments, but stock remains under selling pressure.
SpaceX stock is now down more than 25% within just a month. The stock has climbed 0.49% in premarket trading hours on Wednesday.
As CoinGape reported, Wall Street firms, including Morgan Stanley, Goldman Sachs, and Citigroup, initiated coverage of SPCX stock, setting higher price targets. Morgan Stanley analysts are extremely bullish on Elon Musk’s SpaceX stock, setting a price target of $300.
If you’re looking to earn passive income with crypto, check out our 8 proven ways to earn passive income in July 2026.
Germany’s seized Bitcoin wallet has been one of the market’s most obvious supply stories. Now the discussion is starting to change from how much BTC might still be sold to how close the selling pressure may be to ending.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. That does not mean Bitcoin is suddenly free of sell-side risk. Mt. Gox repayments, miners, ETFs, and macro flows all still matter. But a shrinking government wallet can change sentiment because it turns an open-ended fear into something with a visible endpoint.
For more details, visit the official Arkham platform.
TL;DR Arkham-tracked Germany-linked wallets now hold less than 20% of the seized BTC balance.The market has treated the transfers as a major source of sell pressure.If the balance keeps shrinking, traders may soon start pricing the end of that specific overhang. From pressure to exhaustion The significance of a wallet falling below 20% of its original seized balance is simple: the worst of that specific supply event may be closer to passing. Traders have spent days watching exchange transfers and assuming those coins could hit the market.
That does not mean Bitcoin is suddenly free of sell-side risk. Mt. Gox repayments, miners, ETFs, and macro flows all still matter. But a shrinking government wallet can change sentiment because it turns an open-ended fear into something with a visible endpoint.
The Market Read Do not overstate certainty; frame it as a visible supply overhang nearing exhaustion.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Bitcoin readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from platform.arkhamintelligence.com.
This article was written by the News Desk and edited by Samuel Rae.
Germany’s seized Bitcoin wallet has been one of the market’s most obvious supply stories. Now the discussion is starting to change from how much BTC might still be sold to how close the selling pressure may be to ending.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. That does not mean Bitcoin is suddenly free of sell-side risk. Mt. Gox repayments, miners, ETFs, and macro flows all still matter. But a shrinking government wallet can change sentiment because it turns an open-ended fear into something with a visible endpoint.
For more details, visit the official Arkham platform.
TL;DR Arkham-tracked Germany-linked wallets now hold less than 20% of the seized BTC balance.The market has treated the transfers as a major source of sell pressure.If the balance keeps shrinking, traders may soon start pricing the end of that specific overhang. From pressure to exhaustion The significance of a wallet falling below 20% of its original seized balance is simple: the worst of that specific supply event may be closer to passing. Traders have spent days watching exchange transfers and assuming those coins could hit the market.
That does not mean Bitcoin is suddenly free of sell-side risk. Mt. Gox repayments, miners, ETFs, and macro flows all still matter. But a shrinking government wallet can change sentiment because it turns an open-ended fear into something with a visible endpoint.
The Market Read Do not overstate certainty; frame it as a visible supply overhang nearing exhaustion.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Bitcoin readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from platform.arkhamintelligence.com.
This article was written by the News Desk and edited by Samuel Rae.
A Bitcoin wallet associated with SpaceX executed its first transaction in roughly six months, according to data from Arkham Intelligence. The wallet labeled as “SpaceX 15atF” transferred approximately $88 worth of BTC to another wallet, which also carries a SpaceX label and starts with “bc1q9”. This movement, though modest in value, has drawn significant attention within the cryptocurrency community due to SpaceX’s profile and the long period of inactivity.
Wallet transfer not seen as a sell signalWhile the transaction amount is small, movements involving wallets tied to major companies like SpaceX are closely watched by market participants. On-chain data analysts suggest that such minor transfers are typically interpreted as address verification, custody infrastructure testing, or internal routing exercises, rather than signals of an imminent market sale.
Arkham Intelligence announced that a wallet labeled as SpaceX moved Bitcoin for the first time in six months, sending about $88 worth of BTC to another wallet also appearing to be connected to SpaceX.
Available data does not indicate that the recent activity is related to preparation for a sale. Given that both the sender and recipient wallets bear SpaceX labels, it is most likely an internal adjustment or operational check rather than a step towards liquidating assets.
Glossary: Arkham Intelligence is an on-chain data platform analyzing blockchain transactions and labeling possible links between wallets and institutions. Although these labels are closely tracked by the market, they do not serve as official company statements.
SpaceX’s Bitcoin holdings draw attentionMarket monitoring platforms have estimated that SpaceX currently holds approximately 18,712 BTC. At current prices, that equates to a total portfolio value of about $1.16 billion. The sum transferred in this latest transaction represents only a fraction of the company’s reported Bitcoin holdings.
ItemDataAmount sentApproximately $88Dormancy periodAbout 6 monthsTotal BTC holdings18,712 BTCEstimated total value$1.16 billionThe fact that the recipient wallet is also tagged as belonging to SpaceX further reinforces the view that funds were likely moved between company-controlled addresses. Large corporations often transfer assets between internal wallets for purposes such as security audits, access verification, or operational updates.
Timing heightens market interestThe timing of this small transfer has also garnered attention. Reports that SpaceX has recently completed its initial public offering and joined the Nasdaq 100 index, which tracks major non-financial companies, have increased the public visibility of the company in capital markets.
The current blockchain record shows movement between labeled wallets, but this information alone does not demonstrate that a sale has occurred.
At present, the incident highlights only a resumption of activity in a previously dormant Bitcoin address connected to SpaceX. Whether it signifies a broader transfer or a new treasury management strategy remains unclear and will be revealed by future on-chain movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
SpaceX has transferred Bitcoin for the first time in six months, while its newly listed SPCX shares have fallen more than 25% from recent highs despite joining the Nasdaq-100.
Summary
SpaceX moved Bitcoin for the first time in six months, though the transfer was worth only $88. SPCX shares have fallen more than 25% despite the company’s fast-tracked Nasdaq-100 inclusion. JPMorgan estimates the index addition could drive about $4.3 billion in passive fund buying. According to Arkham Intelligence, a wallet linked to Elon Musk’s SpaceX moved just $88 worth of Bitcoin on July 8, ending a six-month period without on-chain activity. Although the transfer was tiny, it quickly fueled speculation across crypto markets because the company’s wallets have historically remained inactive for long periods.
SPACEX JUST MOVED BITCOIN
A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9).
Is SpaceX about to move more BTC? pic.twitter.com/vQITSDKtGI
— Arkham (@arkham) July 8, 2026 Arkham Intelligence data showed that SpaceX still holds about 18,712 BTC, worth roughly $1.16 billion at current prices. The receiving wallet now contains 614 BTC valued at about $38 million. The blockchain analytics platform also showed that the company’s previous major transfer involved more than 1,016 BTC worth nearly $100 million.
Why did a small Bitcoin transfer attract attention? While the latest transaction involved only a nominal amount, it arrived after a series of larger Bitcoin sales by corporate treasury holders. Strategy, MARA Holdings, Nakamoto Holdings, and Sequans Communications have all disclosed Bitcoin sales in recent weeks.
Last week, Strategy announced a Bitcoin sale worth about $216 million, adding to investor sensitivity around transfers from large institutional wallets.
Past activity has also added to the attention. Arkham Intelligence data indicates that outflows from SpaceX to unidentified wallets accelerated around the crypto market decline on Oct. 10 last year before slowing as the company’s attention turned toward its public listing.
Meanwhile, Bitcoin traded above $62,000 but remained nearly 2% lower on the day as geopolitical tensions weighed on risk assets. The decline followed renewed U.S.-Iran strikes, while President Donald Trump questioned whether the cease-fire between the two countries would hold after both sides exchanged fresh attacks.
Why has SPCX remained under pressure despite Nasdaq-100 inclusion? Selling pressure has continued in SpaceX shares even after the company secured a place in the Nasdaq-100. SPCX closed 6.83% lower at $149.47 on Tuesday after touching an intraday low of $148.86, leaving the stock below its IPO debut price and more than 25% below levels seen about a month ago. Premarket trading on Wednesday showed the shares edging up 0.49%.
Source: Yahoo Finance Nasdaq confirmed that SpaceX qualified for accelerated inclusion under revised eligibility rules that allow certain large newly listed companies to enter the Nasdaq-100 much sooner than previously permitted. The company officially joined the benchmark before the opening bell on July 7, making it one of the fastest IPOs to enter the technology-focused index.
According to JPMorgan, the index addition is expected to generate roughly $4.3 billion in compulsory buying by passive exchange-traded funds and other index-tracking portfolios that must rebalance their holdings to match the Nasdaq-100. Even with that expected inflow, investors continued taking profits after the stock’s strong rally following its market debut.
Wall Street has nevertheless remained constructive on the stock. As previously reported by crypto.news, analysts at Morgan Stanley, Goldman Sachs, and Citigroup have initiated coverage on SpaceX with higher valuation targets.
Morgan Stanley has taken the most bullish stance, assigning a $300 price target while arguing that the company’s long-term growth prospects remain intact despite the recent pullback.
TLDR Arkham Intelligence reported that a SpaceX-tagged Bitcoin wallet moved BTC after nearly six months of inactivity. The wallet sent about $88 worth of BTC to another address that also appears linked to SpaceX. The small transfer may indicate a custody test, wallet rotation, or address-control check. There is no confirmed evidence that SpaceX plans to sell any part of its Bitcoin holdings. SpaceX reportedly holds 18,712 BTC worth around $1.16 billion, keeping its treasury activity under market attention. SpaceX-linked Bitcoin activity returned after Arkham Intelligence flagged a tiny transfer today. The address, tagged SpaceX 15atF, sent about $88 in BTC to another wallet beginning with bc1q9. Arkham wrote, “SPACEX JUST MOVED BITCOIN,” and said the wallet had stayed inactive for roughly six months.
The transaction remained small, but corporate-linked Bitcoin wallets often draw market attention when they move funds. On-chain users often treat tiny payments as tests for address control, custody access, or internal routing. However, this transfer does not confirm that SpaceX plans to sell any Bitcoin.
BTC Holdings Keep Treasury Focus Alive SpaceX still holds 18,712 BTC, according to figures tied to its public filing and market trackers. That balance sits near $1.16 billion at recent prices, although values change with the market. The latest transfer represented only a share of the reported SpaceX Bitcoin treasury.
SPACEX JUST MOVED BITCOIN
A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9).
Is SpaceX about to move more BTC? pic.twitter.com/vQITSDKtGI
— Arkham (@arkham) July 8, 2026
The receiving wallet also carries a SpaceX tag, which supports a possible internal rotation. Companies can move crypto between controlled wallets for custody checks, security reviews, or operational updates. Therefore, the available data points to wallet activity, not confirmed treasury liquidation.
Market Milestones Add Wider Context SpaceX recently completed its IPO and entered the Nasdaq 100, adding market context to the wallet move. The index tracks large nonfinancial companies and supports many funds designed to follow its performance. As a result, SpaceX now sits inside a larger public-market framework.
The timing gave the small BTC transfer extra attention, but the blockchain record remains limited. Arkham data shows movement between tagged wallets, and it does not show a sale. For now, SpaceX has only restarted activity from an inactive Bitcoin address.
Dogecoin usually lives and dies by sentiment, but whale behaviour gives traders something a little more tangible to work with. On-chain data showing large DOGE wallets adding during a correction suggests some bigger holders are treating the weakness as an accumulation zone.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. That matters more for Dogecoin than for many assets because DOGE narratives can become extremely social and emotional. On-chain flows help balance that with a cleaner read on what larger holders are actually doing.
For more details, visit the official Arkham platform.
TL;DR On-chain tracking points to large Dogecoin wallets adding during the market correction.Whale accumulation can signal confidence, but it does not guarantee a breakout.The story gives DOGE traders a firmer data point than social sentiment alone. Whale activity is useful, not magical Large-wallet accumulation is not a price prediction machine. Whales can be early, wrong, or simply positioning over a longer horizon. Still, when bigger wallets add during drawdowns, it often tells the market that at least some capital is willing to step in.
That matters more for Dogecoin than for many assets because DOGE narratives can become extremely social and emotional. On-chain flows help balance that with a cleaner read on what larger holders are actually doing.
The Market Read Keep it analytical and avoid claiming whale accumulation guarantees a DOGE rally.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For Dogecoin readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from platform.arkhamintelligence.com.
This article was written by the News Desk and edited by Samuel Rae.
