Important information last night this morning (July 9th to July 10th)

**A New Address Withdraws Another 6,998 ETH from Kraken, Totaling Over 32,500 ETH in 9 Hours**  

According to on-chain analyst Yu Jin, a newly created address has withdrawn another 6,998 ETH (approximately $19.35 million) from Kraken. Over the past 9 hours, the address has accumulated withdrawals of 32,566 ETH, worth $90.16 million. Earlier today, another new wallet withdrew ETH worth approximately $70.66 million from Kraken within 8 hours.  

**Publicly Listed Sharplink Gaming Adds 5,072 ETH, Total Holdings Exceed 210,000 ETH**  

Onchain Lens reports that Sharplink Gaming, a publicly traded company, added 5,072 ETH (worth $13.51 million) to its holdings 9 hours ago. Its total ETH holdings now exceed 210,700 ETH (valued at approximately $584.52 million).  

**GMX Hacker Converts Stolen Assets (Except FRAX) to ETH, Likely Rejects White Hat Bounty Offer**  

PANews, July 10 – On-chain analyst Yu Jin reports that the GMX hacker has converted stolen assets from the GMX V1 pool into ETH. The hacker initially stole WBTC, WETH, UNI, FRAX, LINK, USDC, and USDT. Now, all assets except FRAX have been sold for 11,700 ETH ($32.33 million) and distributed across 4 wallets. The hacker currently holds 11,700 ETH and 10.495 million FRAX across 5 wallets, totaling $42.8 million. This move suggests the hacker has rejected GMX’s offer to return the assets in exchange for a 10% white hat bounty.  

**YZi Labs to Support 10X Capital in Establishing BNB Treasury Company for U.S. Listing**  

Cointelegraph reports that YZi Labs, the family office of Binance co-founder Changpeng Zhao, will support investment firm 10X Capital in establishing a BNB-focused asset management company, with plans to list on a major U.S. exchange. The company, named "The BNB Treasury Company," will be led by former Galaxy Digital co-founder David Namdar as CEO. The financing round is expected to be finalized in the coming weeks.  

**Whale AguilaTrades Increases BTC Long Position, Now $6 Million in Profit**  

Onchain Lens reports that the "mysterious whale" AguilaTrades has expanded its leveraged BTC (20x) long position, now holding 2,821.36 BTC (worth over $300 million) with an unrealized profit of approximately $6 million.  

**Abraxas Capital Withdraws $81 Million Worth of ETH from CEXs in 12 Hours**  

Lookonchain reports that Abraxas Capital withdrew 29,741 ETH (worth $81 million) from Binance and Kraken in the past 12 hours.  

**Trader @qwatio’s BTC and ETH Short Positions Liquidated, Losing Over $16.2 Million**  

Lookonchain reports that trader @qwatio’s BTC and ETH short positions were liquidated in a cascade, shrinking his account from $16.28 million to just $67,000—a loss exceeding $16.2 million.  

**U.S. House Ways and Means Committee to Discuss Digital Asset Tax Policy at July 16 Hearing**  

CoinDesk reports that the U.S. House will hold "Crypto Week" next week, focusing on digital asset policy, with taxation as a key topic. Committee Chair Jason Smith stated that a subcommittee hearing on July 16 will explore proactive measures for a digital asset tax framework. Following stablecoin regulation, crypto taxation is expected to be Congress’s next major focus, with potential legislative action next week.  

**Emirates to Support Crypto Payments via Partnership with Crypto.com by Next Year**  

Decrypt reports that Emirates has signed an MoU with Crypto.com to explore integrating the exchange’s crypto payment features into its systems, with full integration expected next year. The airline first announced plans to accept Bitcoin in 2022.  

**Greece Freezes Crypto Linked to North Korea’s $1.5 Billion Bybit Hack**  

CoinDesk reports that Greece’s anti-money laundering unit has frozen crypto assets tied to the $1.5 billion Bybit hack in February, attributed to North Korea’s Lazarus Group. About $72 million (5% of stolen ETH) has been frozen, with $870 million still missing.  

**Thumzup Adds ETH, XRP, DOGE, and 4 Other Tokens to Bitcoin-Denominated Treasury**  

The Block reports that Thumzup Media Corporation has expanded its crypto treasury strategy to include ETH, SOL, XRP, DOGE, LTC, and USDC, alongside Bitcoin.  

**Monad Foundation to Acquire Stablecoin Infrastructure Developer Portal Labs**  

The Block reports that the Monad Foundation will acquire Portal Labs, with Portal’s CEO joining Monad to lead payments and stablecoin efforts.  

**Circle Secretly Strikes Revenue-Sharing Deal with Bybit**  

CoinDesk sources reveal that Circle has quietly entered a revenue-sharing agreement with Bybit, similar to deals with Coinbase and Binance, to boost USDC adoption.  

**Revolut Seeks $1 Billion Funding at $65 Billion Valuation**  

CoinDesk cites the Financial Times, reporting that Revolut is in talks for a $1 billion funding round led by Greenoaks at a $65 billion valuation.  

**Justin Sun Pledges to Buy $100 Million Worth of TRUMP Tokens**  

Justin Sun announced on X that his team will purchase $100 million worth of TRUMP tokens, calling it the "MAGA currency."  

**Pump.fun Expands Team to 70+, Plans First Acquisition**  

Pump.fun founder Alon outlined future priorities, including improving token quality, expanding social features, and growing the team, with an acquisition announcement imminent.  

**SEC Confirms Receipt of Bitwise’s Spot Bitcoin and Ethereum ETF Amendment**  

Market sources confirm the SEC has received Bitwise’s amendment for in-kind redemptions for its spot Bitcoin and Ethereum ETFs.  

**SEC Delays Decision on BlackRock’s Spot Ethereum ETF In-Kind Redemption Model**  

Market sources report the SEC has postponed its decision on BlackRock’s in-kind redemption proposal for its spot Ethereum ETF.  

**Cyvers Alerts: ZKSpace Possibly Hacked, $4 Million Moved**  

Cyvers Alerts flagged suspicious ZKSpace transactions, with $1.3 million in USDT and USDC converted to ETH and sent to Tornado Cash.  

**SEC Commissioner Hester Peirce: Tokenized Securities Remain Securities**  

SEC Commissioner Hester Peirce emphasized that tokenized securities must comply with federal securities laws, regardless of blockchain innovation.  

**Donald Trump Jr. Invests in Thumzup, a Social Media Firm Holding Crypto Reserves**  

Donald Trump Jr. purchased shares in Thumzup, a loss-making social media company building a Bitcoin treasury, adding to the Trump family’s crypto investments.  

**Trump Issues Tariff Letters to 8 Nations, Brazil Faces 50% Duty**  

Trump announced tariffs of 50% on Brazil, 30% on Libya, Iraq, Algeria, and Sri Lanka, and 25% on Brunei and Moldova, effective August 1.  

**Fed Minutes Reveal Three Camps on Rate Policy**  

"Fed Whisperer" Nick Timiraos noted officials are split into three groups: those favoring 2024 cuts (but not July), those preferring no cuts, and a "few" advocating immediate action.  

**BTC Hits All-Time High Above $112,000**  

BTC surged past $112,000, setting a new record, while ETH broke $2,700.  

**Linqto Ex-CEO Sued for Securities Fraud**  

Attorney John E Deaton filed a class action against Linqto’s founder, alleging unlicensed sales of private company shares.  

**ZachXBT: Circle Yet to Freeze $9M+ Stolen USDC**  

ZachXBT noted that over $9 million in stolen USDC remains unfrozen hours after being bridged to Ethereum.  

**GMX Pauses V1 Trading After $40M Exploit**  

GMX confirmed a $40 million exploit affecting its V1 GLP pool on Arbitrum, with V2 and the GMX token unaffected.  

**Gate Supports Pump.Fun (PUMP) Public Sale**  

Gate announced support for Pump.Fun’s public sale, targeting $600 million at a $4 billion valuation.  

**Binance Futures to List PUMP Perpetual Contract**  

Binance will launch PUMPUSDT perpetual contracts with up to 5x leverage on July 10.  

**Pump.fun: PUMP ICO Starts July 12**  

Pump.fun’s $PUMP ICO will allocate 15% of supply to public sales at $0.004 per token.  

**Nvidia First to Hit $4 Trillion Market Cap**  

Nvidia’s stock rose nearly 2.5%, pushing its market cap above $4 trillion.  

**Story and World Partner for On-Chain IP Verification**  

Story Network integrated World ID to combat AI-generated IP infringement, launching this fall.  

**Kraken, Backed Expand xStocks to BNB Chain**  

Tokenized U.S. stocks will now trade as BEP-20 tokens on BNB Chain.  

**Bitget Lists 6 Tokenized Stocks via xStock**  

Bitget partnered with xStock to offer Tesla, Nvidia, and other tokenized stocks for 24/7 trading.  

**$BR Plummets as $47.59M Liquidity Pulled in 100 Seconds**  

$BR’s price halved after 26 addresses withdrew liquidity and large sell-offs triggered a crash.  

**Ripple Picks BNY Mellon as XRP Dollar Reserve Custodian**  

Ripple selected BNY Mellon to custody reserves backing its XRP ecosystem.  

**Tanssi Network Launches Mainnet, TANSSI Lists on Binance & Kraken**  

Tanssi’s appchain protocol went live, with its token debuting on major exchanges.  

**UK Crypto Users Face Fines for Non-Compliance**  

Starting 2026, UK crypto users must submit personal details to providers or risk £300 fines.  

**Binance Lists 26th HODLer Airdrop: Lagrange (LA)**  

Binance will airdrop LA to users who locked BNB in June, with trading starting July 9.  

**Binance Alpha to List Giants Protocol (G) on July 11**  

Giants Protocol’s G token will debut on Binance Alpha, with eligible users able to claim airdrops.  

**Circle, OKX Partner for Instant USDC-Fiat Conversions**  

OKX’s 60M+ users will gain seamless USDC-dollar conversions under a new Circle partnership.  

**Binance Wallet’s 30th Exclusive TGE: Velvet Capital (VELVET)**  

VELVET will launch via PancakeSwap on July 10, with Binance Alpha积分 holders eligible to participate.  

**Ripple’s RLUSD Stablecoin Circulation Tops $500M**  

RLUSD, Ripple’s stablecoin, has grown to $500M in circulation since its December 2024 launch.  

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