After a $10 million loss became public on X, crypto hedge fund Asymmetric is pivoting away from liquid trading strategies.

Asymmetric shifts funds strategy after investor posts losses on X

Tokyo Stock Exchange-listed AI solutions provider, Quantum Solutions, 
announced on July 23 its entry into the cryptocurrency investment business 
with an ambitious goal to hold up to 3,000 BTC within the next 12 months. The 
company justifies this move by citing the expanding global cryptocurrency 
market, BTC’s recognition as “digital gold,” and its growing appeal […]

Tokyo-Listed AI Firm to Acquire 3,000 BTC in Yearlong Crypto Strategy

Crypto exchange WOO X reported a security breach on July 24 that resulted in 
unauthorized withdrawals totaling $14 million across nine user accounts. The 
company said in a July 24 statement that the exploit stemmed from a team 
member&#8217;s device…

$14M WOO X exploit tied to targeted phishing attack of team member’s device

Bitcoin (BTC) may be on the cusp of another rally, as leading cryptocurrency 
exchange Binance saw its spot volume rise from around 40% on July 15 to as 
high as 60% on July 18. Historical data suggests that surges in Binance’s spot 
market share have frequently preceded upward movements in BTC’s price. Bitcoin 
Rally Imminent? Binance Data Suggests So According to a CryptoQuant Quicktake 
post by contributor Amr Taha, Binance’s spot volume market share surging to 
58% on July 23, has further strengthened the premier cryptocurrency’s $117,000 
support. Related Reading: Bitcoin Sees Long-Term Holders Sell As Short-Term 
Buyers Step In – Sign Of Rally Exhaustion? This marks the second notable spike 
in Binance’s spot market dominance this month. On July 18, Binance&#8217;s share 
surged to 60%, coinciding with Bitcoin holding above the critical $117,000 
mark on the daily chart. Since then, the $117,000 level has served as a 
reliable support zone, likely buoyed by Binance’s deep liquidity and high 
execution reliability. Price stability at this level has been observed 
multiple times since the initial breakout. In addition to this, Bitcoin’s 
price has shown strong resilience around the Realized Price of the 1-day to 
1-week Unspent Transaction Output (UTXO) Age Band, which is currently near 
$118,300. For context, UTXO age bands classify Bitcoin held in wallets based 
on how long it has remained unspent, offering insight into investor behavior. 
Shorter bands &#8211; 1 day to 1 week &#8211; typically reflect activity by newer or 
speculative holders, while longer bands &#8211; 6 months to 5 years &#8211; are associated 
with long-term holders with stronger conviction. Taha explained: Historically, 
this metric acts as a dynamic support level, indicating that newer holders are 
not capitulating and that the average on-chain cost basis of recent buyers is 
being respected by the market. Meanwhile, fellow crypto analyst Titan of 
Crypto took to X to highlight BTC following the bullish inverse head and 
shoulders pattern. In an X post, the analyst shared the following weekly 
chart, adding that BTC is on track to hit a target of $144,000. Will BTC Hit 
$180,000 By Year End? Bitcoin’s recent all-time high (ATH) of $123,218 has 
reignited speculation around even higher price targets before year’s end. 
According to CryptoQuant analyst Chairman Lee, BTC remains on track to reach 
$180,000 by the end of 2025. Related Reading: Bitcoin Rally Not Over Yet? 
Short-Term Holder MVRV Suggests Further Upside Recent on-chain metrics support 
this bullish outlook. Notably, the Bitcoin IFP indicator suggests that major 
holders continue to hold BTC despite its proximity to record highs &#8211; unlike in 
previous cycles, where exchange inflows typically preceded significant 
corrections. However, not all indicators point upward. Exchange reserves 
recently reached their highest levels since June 25, raising concerns about 
potential sell pressure. At press time, BTC is trading at $119,097, up 0.6% in 
the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, 
and TradingView.com

Bitcoin Rally Signal? Analyst Links Binance Spot Volume Surges To Price Upswings

Galaxy Digital CEO Michael Novogratz says institutional interest may be the 
secret sauce that sees Ether outperform Bitcoin in the next three to six 
months.

Ether will ‘knock on $4,000’ and soon outperform Bitcoin: Novogratz

Chairman of BitMine’s board of directors, Tom Lee, said the company wants to 
acquire and stake at least 5% of the total Ether supply, which would be over 6 
million Ether.