Mirae Asset Takes 97.15% of Korbit
Mirae Asset Consulting holds 97.15% of Korbit, the first time an affiliate of a traditional Korean financial group has controlled a domestic crypto exchange.
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DEXE Falls About 85% After Team-Linked Wallets Move Tokens
DEXE fell about 85% on 22 July after team-linked wallets sent $6.2M of tokens to Binance. Three outlets gave three different closing prints: $4.83, $4.92 and $5.27.
Bitcoin Hits a One-Month High Above $66,000
Bitcoin cleared $66,000 for the first time in a month, though two CoinDesk accounts of the day give different highs. Bitfinex put the next test at $68,000.
Two Weeks of ETF Inflows Add Up to $273M
Spot bitcoin ETFs drew $273 million over two weeks, barely more than the mildest week of the $8 billion outflow run before it. CoinDesk called it statistical noise.
A Quiet Sunday Tape With Shorts Taking 93.9% of Liquidations
Bitcoin drifted higher on thin weekend volume, and the day's forced liquidations fell almost entirely on shorts — a read on positioning, not direction.
Cardano Is the Only Top-20 Gainer on a Quiet Weekend Tape
Cardano was the lone top-20 name with a real gain on a thin Saturday session, sentiment stayed in extreme fear, and the day's two market digests disagreed on the bitcoin and ether marks.
Bitcoin ETFs Add $132.3M on a Fourth Straight Positive Day
US spot bitcoin ETFs drew a net $132.3 million on 17 July, a fourth straight positive session, with BlackRock's IBIT supplying more than the entire category total.
Citadel Securities Takes a $400M Stake in Crypto.com at $20B
Citadel Securities is investing $400 million in Crypto.com at a $20 billion valuation, the exchange's first institutional funding round in about a decade.
A Cold June CPI Print Lifts Bitcoin Above $64,500
June CPI came in below forecast on every line, with core flat on the month. Bitcoin ran from about $62,600 to above $64,500 as July hike odds fell to 12%.
Coinbase Goes Down for 50 Minutes Over a Name Collision
A routine config update collided with the name of Coinbase's ingress gateway on July 14, degrading withdrawals, card payments and swaps for about 50 minutes.
Strategy Stops Buying Bitcoin and Builds a $3B Dollar Reserve
Strategy has not bought bitcoin since June 22 and has raised its dollar reserve to about $3 billion, roughly 20 months of preferred dividends and debt interest.
Stablecoin Supply Sits $10B Below Its May Peak
Stablecoin supply stood at $312.23 billion in mid-July, roughly $10 billion under its May peak, with USDT and USDC both smaller than they were this spring.