China is expanding its CBDC pilot program to its free trade zones.

China pushes Shanghai’s digital yuan model to national free trade zones

A well-known crypto whale has made a big move against Ethereum, opening a 
$62.42 million short position using 18x leverage. The trader, identified by 
the wallet address &#8220;0x2258…&#8221;, is betting heavily that ETH won’t climb anytime 
soon—and so far, the gamble is paying off. Related Reading: Avalanche Shatters 
Record With 20M Transactions—Is Real-World Use Finally Here? Based on 
blockchain data monitored via Hyperdash, the whale shorted 20,474 ETH at an 
entry point of $3,060. As ETH has been trading at levels lower than $3,000 at 
the time of writing, the whale is already enjoying an unrealized profit of 
approximately $1.14 million, or returns of 30%. Ethereum Under Pressure Below 
$3,500 The liquidation value of the position is at $3,505 — near where ETH 
traded previously in January 2025. That point is now serving as very powerful 
resistance. If the price exceeds that level, the position stands to be 
completely liquidated. Whale 0x2258, who&#8217;s already made over $15M, is shorting 
$ETH with 18x leverage, holding a position of 20,474 $ETH($62.5M). This whale 
has previously profited big by trading against James 
Wynn.https://t.co/BALllYbUXbhttps://t.co/NhOE1YD4QN pic.twitter.com/7k5ZE81Noa 
— Lookonchain (@lookonchain) July 15, 2025 Despite that narrow buffer, the 
trader seems confident. The use of 18x leverage suggests a high-conviction 
call that ETH will drop further or, at the very least, won’t bounce past that 
resistance level in the short term. This kind of heavy shorting is raising 
eyebrows in a market that’s still undecided on whether Ethereum can regain 
bullish momentum alongside Bitcoin. Track Record Of Outsmarting James Wynn 
This isn’t the first time &#8220;0x2258…&#8221; has stepped in with bold trades. The 
wallet has gained a reputation for taking positions that go directly against 
crypto influencer James Wynn—often with profitable results. Back in May, Wynn 
went long on ETH and Bitcoin. Almost immediately, 0x2258 shorted both. When 
Wynn closed his positions, 0x2258 did the same and walked away with $1.36 
million. The next day, as Wynn flipped bearish, 0x2258 went long and bagged 
another $2.54 million. The back-and-forth continued. By May 26, the whale had 
locked in $5.6 million in profits in just three days. Since then, the strategy 
has snowballed into more than $15 million in realized gains, most of it from 
flipping against Wynn’s positions. Related Reading: If You’re Wealthy, 1 
Bitcoin Should Already Be In Your Wallet, Expert Says Big Bet Reflects 
Uncertainty In ETH’s Path While Bitcoin continues to break through key 
resistance zones, Ethereum seems stuck in a tougher fight. Traders like 0x2258 
appear to believe that ETH lacks the strength right now to push past the 
$3,500 level. Still, shorting with this level of leverage is a double-edged 
sword. If ETH bounces sharply, traders like 0x2258 could get caught in a 
squeeze, forced to buy back in at a loss—driving the price up even faster. So 
far, though, the whale is winning again. Whether it ends in another multi- 
million-dollar gain or a hard reset depends on what ETH does next. For now, 
the market is waiting to see what happens next. Featured image from Meta, 
chart from TradingView

Massive Whale Profits $15 Million—Now Betting Big On Ethereum To Crash

Thailand&#8217;s crypto sandbox could enhance tourism by integrating digital 
finance, but requires careful regulation to address security concerns.
The post Thai SEC and central bank plan to launch crypto sandbox for foreign 
tourists appeared first on Crypto Briefing.

Thai SEC and central bank plan to launch crypto sandbox for foreign tourists

TON shows early signs of a breakout, opening the door for a rally to $3.50.

TON news update: TAC mainnet launch could send the altcoin to $3.50

Talos will acquire crypto data firm Coin Metrics in a deal worth over $100 
million, creating the digital asset industry&#8217;s first integrated institutional 
data and investment management platform, both companies announced. Talos 
Acquires Coin Metrics in $100M+ Deal The acquisition, Talos&#8217;s largest to date, 
combines Coin Metrics&#8217; market data, blockchain analytics, and indexes with 
Talos&#8217;s […]

Talos Bolsters Platform With Acquisition of Crypto Data Provider Coin Metrics

Bitcoin Dominance (BTC.D) has hit a critical turning point after getting 
sharply rejected from a TSDT resistance level that previously marked the start 
of a massive altcoin season. As the market reacts to this technical signal, 
analysts are closely watching for signs that a new altcoin season could be 
underway—one that could potentially mirror the explosive shift seen in 2021. 
Bitcoin Dominance Chart Signals Repeat Of 2021 Altcoin Season A new crypto 
analysis by market expert Tony Severino, posted on X social media on July 15, 
reveals that Bitcoin Dominance has once again faced a sharp rejection from the 
crucial TSDT resistance area near 65%. This level represents a technical 
ceiling that previously triggered a complete rotation of capital from BTC to 
alternative cryptocurrencies, fueling the famous altcoin season in early 2021. 
Related Reading: Bitcoin Dominance Falls: 9 Factors To Watch For That Says The 
Altcoin Season Has Begun The analyst’s monthly chart shows Bitcoin Dominance 
steadily climbing from mid-2022, peaking at around 65% in July 2025 before 
being rejected. This behavior mirrors the price action observed in late 2020 
to early 2021, when BTC.D also reached this zone, got rejected, and then 
plunged—triggering a full-blown altcoin rally. Currently, Severino’s chart 
shows that Bitcoin Dominance sits at approximately 64.07%, just under the TDST 
resistance at 63.83%, with a notable candle forming after a strong uptrend. 
The analyst has indicated that if history repeats itself in this current 
cycle, it may result in a similar capital inflow into altcoins, possibly 
igniting the next altseason. Furthermore, the chart outlines key technical 
thresholds, including the TDST resistance, a TDST risk around 57.11%, and TDST 
support down at 40.08%. A decline toward these lower levels would indicate a 
significant drop in BTC dominance and further reinforce a pro-altcoin 
environment. Altcoin Supercycle Incoming Crypto analyst Merlijn The Trader has 
also shared insight on the possibility of an explosive altcoin season this 
bull cycle. The analyst stated on X that a historical pattern between the US 
Dollar Index (DXY) and Bitcoin Dominance appears to be repeating, signaling 
the beginning of a new altcoin supercycle. Related Reading: Altcoin Season 
Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? 
According to his chart, three major DXY bull traps have been identified since 
2016, each followed by a dramatic decline in BTC.D and a strong rally in the 
altcoin market. The first two DXY bull traps, which occurred around 2017 and 
2020, both triggered significant breakdowns in BTC.D—plunging from over 90% to 
around 35% in 2018, and again in 2021. These breakdowns marked the start of 
powerful runs, now recognized by the analyst as altcoin supercycles. The 
current market structure now suggests that the next leg lower could be 
imminent, with BTC.D beginning to trend downward again. If history repeats 
itself, this setup implies a weakening dollar, declining Bitcoin Dominance, 
and the potential for altcoins to outperform significantly in the coming 
months. Featured image from Pixabay, chart from Tradingview.com