News & Research

Paul Sztorc, the developer who first proposed the Bitcoin sidechain 'Drivechain', announced on his X account that he plans to launch a new Bitcoin hard fork called 'eCash' this August. He explained that Bitcoin holders will receive an equivalent amount of the new coin; for instance, someone holding 4.19 BTC will receive 4.19 eCash. Sztorc noted that the eCash Layer 1 node is nearly a copy of Bitcoin Core, will be mined using the SHA-256d algorithm, and will maintain code compatibility. He added that 'Drivechain', a sidechain designed to introduce programming capabilities to Bitcoin, is also planned for launch alongside eCash.

Tether has announced that it has frozen over $344 million in USDT held in two addresses in cooperation with the U.S. government. The action was taken immediately after the addresses were identified to prevent any further transfer of the funds. The freeze was based on information provided by several U.S. law enforcement agencies following the detection of fund flows linked to illicit activities.

The spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section shows a volume heatmap, while the bottom section displays the CVD. - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Areas with brighter colors may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, while the brown line indicates large orders between $1 million and $10 million.

The hacker behind the Balancer (BAL) exploit has resumed activity after five months, laundering 1,100 ETH ($2.55 million) by swapping it for BTC via the crypto mixing protocol Thorchain (RUNE), Lookonchain reported. Balancer previously suffered a $137.4 million exploit last year.

An address presumed to belong to Bitcoin mining company Riot Platforms (RIOT) deposited 500 BTC, worth approximately $38.95 million, to cryptocurrency services firm NYDIG about six hours ago, Lookonchain reported. Such deposits are typically interpreted as an intention to sell.

BitMEX co-founder Arthur Hayes stated that Ethereum could be pushed out of the top three cryptocurrencies by 2030, with its position likely to be taken by an artificial intelligence (AI)-related asset, Cointelegraph reported.

An anonymous whale, with an address starting with 0xb5E, deposited 1.397 million UNI ($4.6 million) to three exchanges approximately two hours ago, on-chain analyst ai_9684xtpa reported on X. Deposits to exchanges are typically interpreted as a precursor to selling. One of the receiving addresses on Bybit has been previously associated with the DeFi fund Defiance Capital. The analyst added that Defiance Capital is an investor in Aave (AAVE) and LayerZero (ZRO) and is one of the main parties involved in the recent KelpDAO exploit incident.

The U.S. Treasury Department has added Cambodian senator Kok An and 28 associated entities to its sanctions list for allegedly operating a crypto fraud network. According to Decrypt, the Treasury stated that Kok An, a central figure in a large-scale crypto fraud case, has been accused of running a major crypto criminal organization through his network of resorts and casinos.

U.S. President Donald Trump warned that while he has plenty of time, Iran does not, adding that the clock is ticking.

This chart analyzes the order book for the BTC/USDT spot pair, with the top section showing a Volume Heatmap and the bottom displaying the Cumulative Volume Delta (CVD). - The Volume Heatmap tracks trading volume at specific price levels. The background brightens when the price lingers in a range or moves significantly, with these brighter areas potentially acting as support or resistance. - The CVD indicator shows buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders from $100 to $1,000, while the brown line represents large orders from $1 million to $10 million.