Cantor Fitzgerald&#8217;s aggressive Bitcoin acquisition could significantly influence institutional crypto adoption and market dynamics globally. The post Cantor Fitzgerald nears $4B Bitcoin deal with Blockstream’s Adam Back appeared first on Crypto Briefing.

Cantor Fitzgerald nears $4B Bitcoin deal with Blockstream’s Adam Back

Brandon Lutnick&#8217;s Cantor Fitzgerald is nearing a big Bitcoin acquisition 
through a SPAC merger, targeting 30,000 BTC from Blockstream Capital.

Cantor Fitzgerald plans $3.5B Bitcoin buy from Adam Back’s Blockstream: Reports

President Donald Trump ignites new momentum for the GENIUS Act with a last- 
minute comeback deal, reigniting hopes for sweeping digital asset regulation 
amid GOP internal upheaval. Trump Announces Breakthrough on GENIUS Act 
President Donald Trump announced on social media platform Truth Social on July 
15 that after a failed procedural vote on the GENIUS Act […]

Trump Says Lawmakers Will Vote in Favor of GENIUS Act Tomorrow Morning

A single wallet that has sat untouched since 2011 jolted the market overnight, 
wiring 40,009 BTC—worth roughly $4.68 billion at prevailing prices—to New 
York‑based trading giant Galaxy Digital. The address had held 80,009 BTC in 
total and had never previously moved funds in the modern era. According to 
on‑chain sleuth Lookonchain, “the Bitcoin OG with 80,009 BTC ($9.46 B) has 
transferred 40,009 BTC ($4.68 B) to Galaxy Digital,” and Galaxy “has directly 
deposited 6,000 BTC ($706 M) into Binance and Bybit.” Bitcoin OG Whale Awakens 
The activity began late Monday evening (UTC). First, 9,000 BTC—about $1.06 
billion—left the dormant wallet, followed an hour later by another 7,843 BTC 
($927 million) Over the next five hours several smaller tranches arrived at 
Galaxy Digital’s custodial accounts before the decisive push that brought the 
running total to 40,009 BTC. Blockchain explorers show the coins originated 
from a bech32 address that first received block rewards in early 2011, when 
bitcoin changed hands for less than one US dollar. Related Reading: Bitcoin 
Price Trajectory To $155,000: Why No Major Dips Are Expected From Here 
Notably, Galaxy Digital operates one of the largest over‑the‑counter (OTC) 
desks in the industry and regularly intermediates block trades for 
institutions seeking to avoid slippage on public venues. The firm advertises 
“premier execution” and bespoke liquidity provisioning for trades that are too 
large for order‑book execution. On‑chain analysts therefore read the wallet’s 
choice of counterparty as a signal that the owner intends to liquidate at 
least part of the hoard discreetly rather than deploy it into DeFi or cold 
storage. Within hours of receiving the coins, Galaxy split 6,000 BTC between 
Binance and Bybit, the two venues that currently post the deepest spot‑BTC 
liquidity. Bitcoin had just printed an all‑time high of $123,153 on 14 July, 
buoyed by Washington’s “Crypto Week” legislative push. As the OG whale’s 
transactions hit public mempools, spot prices recoiled more than 6%, sliding 
from $123,000 to an intraday low near $115,700 before stabilising around 
$116,900 at press time. Related Reading: The Bitcoin Liquidity Supercycle Has 
Just Begun, Says Hedge Fund CEO With half of the stash now under Galaxy’s 
control and only a fraction confirmed as exchange deposits, traders are 
bracing for further transfers. If Galaxy executes an OTC cross, the impact 
could be muted; if the coins bleed into order books, bids at $112,000‑$115,000 
will face a major test. US Inflation Data Dampens Sentiment However, today’s 
price drop can not solely be attributed to the OG whale’s doing; it coincided 
with the US Bureau of Labor Statistics’ June CPI print, which showed headline 
consumer prices rising 0.3 % month‑on‑month and 2.7 % year‑on‑year—up from 2.4 
% in May—while core CPI ticked up 0.2 % on the month and 2.9 % on the year. 
The modest print pushed the dollar index above 95.5, and risk assets have been 
whipsawing ever since. “The price action on the dollar pretty much tells you 
everything you need to know about this CPI report—mixed and the market is 
trying to digest it and to figure out the direction today,” observed Daan 
Crypto Trades on X. At press time, BTC stood at $116,972. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin OG Whale Moves 40,000 BTC To Galaxy, Triggering Market Shock

Bitcoin’s “structural imbalance” signals that it probably won’t experience a 
significant downturn in the near term, says 21Shares crypto research 
strategist Matt Mena.

Bitcoin ‘increasingly unlikely’ to see prolonged correction: 21Shares

Bitcoin price started a downside correction from the $123,200 zone. BTC is now 
trading below $120,000 and might find bids near the $115,500 zone. Bitcoin 
started a fresh decline from the new all-time high near $123,200. The price is 
trading below $120,000 and the 100 hourly Simple moving average. There was a 
break above a bearish trend line with resistance at $117,300 on the hourly 
chart of the BTC/USD pair (data feed from Kraken). The pair might start 
another increase if it clears the $120,000 resistance zone. Bitcoin Price 
Corrects From New ATH Bitcoin price started a fresh increase after it cleared 
the $118,500 resistance zone. BTC gained pace for a move above the $120,000 
and $122,000 resistance. The bulls even pumped the pair above the $123,000 
zone. A new all-time high was formed at $123,140 and the price is now 
correcting gains. There was a move below the 23.6% Fib retracement level of 
the upward move from the $108,636 swing low to the $123,140 high. Bitcoin is 
now trading below $120,500 and the 100 hourly Simple moving average. However, 
the price is holding the 50% Fib level of the upward move from the $108,636 
swing low to the $123,140 high. Besides, there was a break above a bearish 
trend line with resistance at $117,300 on the hourly chart of the BTC/USD 
pair. Immediate resistance on the upside is near the $118,500 level. The first 
key resistance is near the $120,000 level. The next resistance could be 
$122,000. A close above the $122,000 resistance might send the price further 
higher. In the stated case, the price could rise and test the $123,200 
resistance level. Any more gains might send the price toward the $125,000 
level. The main target could be $130,000. More Losses In BTC? If Bitcoin fails 
to rise above the $120,000 resistance zone, it could continue to move down. 
Immediate support is near the $115,850 level. The first major support is near 
the $115,500 level. The next support is now near the $114,150 zone. Any more 
losses might send the price toward the $112,500 support in the near term. The 
main support sits at $110,500, below which BTC might continue to move down. 
Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish 
zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below 
the 50 level. Major Support Levels – $115,500, followed by $114,150. Major 
Resistance Levels – $120,000 and $122,000.