Investment giant Vanguard has stunned markets with a $9 billion stake in bitcoin proxy Strategy Inc., led by Michael Saylor, exposing deep contradictions in its anti-crypto messaging and portfolio reality. Vanguard Becomes Strategy’s Top Holder After Trashing Bitcoin for Years A growing disconnect between institutional messaging and actual portfolio exposure is drawing scrutiny, as major […]

Vanguard Now Strategy’s Largest Backer After Years of Dismissing Bitcoin

Ethereum is gaining traction as a treasury reserve asset, and Minneapolis- 
based affiliate marketing and iGaming software firm SharpLink isn’t slowing 
down on its buying spree. On July 14, SharpLink made another major ETH 
purchase, adding 24,371 ETH to its holdings…

SharpLink chains #1 ETH holder status with latest purchase

Chinese officials have ordered state-owned digital service providers and 
financial entities to study the feasibility of launching yuan-pegged 
stablecoins. According to a recent report from South China Morning Post, 
insiders say that government officials are currently focusing on the 
possibility…

Chinese state-owned firms tasked with studying stablecoin launch feasibility: report

Bitcoin has been exploring new all-time highs (ATHs) recently, but Strategy 
still seems to be in accumulation mode as it has announced another large 
purchase. Strategy Has Bought 4,225 Bitcoin In Latest Acquisition As announced 
by Strategy Chairman Michael Saylor in an X post, the company has made a fresh 
Bitcoin acquisition, continuing its chain of 2025 buys. With the latest 
purchase, the firm has added 4,225 BTC to its holdings. According to the US 
Securities and Exchange Commission (SEC) filing, the buy occurred between July 
7th and July 13th, and involved an average BTC cost basis of $111,827. This 
means the 4,225 tokens were acquired for about $472.5 million. Related 
Reading: Bitcoin Hits $123,000—But Inflows Are Just A Fraction Of 2024’s Peak 
In the same period as the acquisition, BTC witnessed a breakout to new ATHs. 
If the purchase is to go by, it seems Strategy is still interested in buying 
even at these high prices. &#8220;Short Bitcoin if you hate money,&#8221; said Saylor in 
an earlier X post. After the latest buy, the total holding of the firm has hit 
601,550 BTC. The company spent around $42.87 billion to assemble this stack 
and today, its value stands at $72.25 billion, implying a significant profit 
of 68.5%. Earlier in the day, another Bitcoin treasury company added to its 
holdings: Metaplanet. According to the X post by CEO Simon Gerovich, the 
company has added 797 BTC to its reserve, taking the total to 16,352 BTC. 
Unlike Strategy, though, the firm&#8217;s average coin cost basis is on the higher 
side, standing at $100,191 right now. In some other news, while the big 
players in the market have been buying BTC for a while now, data from the on- 
chain analytics firm Glassnode suggests retail investors have finally joined 
in. In the chart, the data of the Accumulation Trend Score is shown for the 
different segments of the Bitcoin userbase. The &#8220;Accumulation Trend Score&#8221; is 
an indicator that tells us about whether the BTC investors are accumulating or 
distributing. From the graph, it&#8217;s visible that the score has recently been 
pretty close to 1 for the 1,000 to 10,000 BTC cohort. This means that these 
large hands, popularly known as the whales, have been showing a near-perfect 
accumulation trend. The latest rally in the cryptocurrency may be a product of 
this conviction. While the whales have been buying, the rest of the Bitcoin 
market has been showing behavior that tends more toward distribution. The mega 
whales, carrying more than 10,000 BTC, have remained in selling mode with an 
Accumulation Trend Score around 0.3. Related Reading: Bitcoin Breaks 
$118,000—But Liquidity Still Thin, Glassnode Warns Until recently, the hands 
with less than 1 BTC, the retail, were in a phase of distribution, but it 
seems the latest rally has caused them to change their tune, as they have 
started buying. BTC Price Bitcoin went up to $123,000 earlier, but it seems 
the asset has since seen a setback as its price is down to $119,900. Featured 
image from Dall-E, Glassnode.com, chart from TradingView.com

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

After rolling out Bitcoin and Ether spot trading, Standard Chartered plans to 
soon introduce crypto derivatives for institutional investors.

Standard Chartered launches Bitcoin and Ether trading for institutions

Two Los Angeles deputies have been charged in a civil rights conspiracy 
involving a jailed crypto entrepreneur known as “The Godfather” who used off- 
duty officers to target his rivals. On Monday, the U.S. Department of Justice 
announced that LASD deputy…