In crypto information immediately (July 14), Bitcoin has dropped an extra -0.5% in a single day and has did not reclaim $63,000, buying and selling at $62,500 as of this morning’s buying and selling session. The longer BTC spends below $63,000, the extra doubtless a drop towards $60,000 can be examined.
Yesterday noticed a whopping -$424M exit the varied Bitcoin ETF merchandise, with $185M of that from BlackRock’s IBIT and $245M from Constancy’s FBTC. This big outflow has coincided with BTC dropping under $63,000 and struggling to reclaim that key stage.
Whereas the vast majority of tokens are down immediately and the overall crypto market cap has dropped by -0.5%, Ethereum (ETH) and Close to Protocol (NEAR) are two notable initiatives within the inexperienced, up +0.5% and +5.5%, respectively.
The Worry & Greed Index has dropped again into ‘Excessive Worry’ territory, falling to 22/100, after briefly exiting that zone yesterday. Whether or not this determine can maintain amid the rising stress within the Center East stays to be seen.
Crypto News Today: US Government Transfers $300M in Seized Crypto Property to Coinbase
On Monday, the US authorities transferred almost $300M in seized Bitcoin and Ethereum to the Coinbase Prime platform. Market individuals speculate that this transfer could also be linked to preparations for a possible sale of those belongings.
In response to Arkham, the switch included 3,940 BTC valued at roughly $243.95M and 30,014 ETH valued at roughly $53.09M. These cryptocurrencies are related to a number of important seizure circumstances involving US authorities.
Notably, the transferred Ethereum is linked to Brian Krewson, an Oracle worker implicated in a $54M cryptocurrency storage and cash laundering scheme.
The transfers have raised market curiosity as a result of a doable sale of Bitcoin may battle with a March 2025 government order issued by US President Donald Trump. Under this order, Bitcoin seized by the US authorities have to be added to the Strategic Bitcoin Reserve and might not be bought.
Nevertheless, the switch to Coinbase Prime doesn’t affirm that the belongings are being ready on the market. The platform gives institutional shoppers custody, buying and selling, financing, and staking companies, suggesting that the transaction might merely be for asset consolidation.
The US authorities has beforehand transferred seized cryptocurrencies to Coinbase Prime, however Monday’s transaction was one of many largest this 12 months involving government-linked wallets.
THE US GOVERNMENT JUST DEPOSITED $280M OF CRYPTO TO COINBASE PRIME
The US Government simply deposited a complete of $288.33M of BTC and ETH to Coinbase Prime. This contains confiscations from Brian Krewson, BTC-e, and Ryan Farace.
Will they be promoting all of it? pic.twitter.com/M5srRI3KJU
— Arkham (@arkham) July 13, 2026
Robinhood Chain Joins Top 5 Blockchains With $3.1Bn DEX Quantity
In different crypto information immediately, Robinhood Chain generated about $3.1Bn in decentralized alternate (DEX) buying and selling quantity throughout its first week after launch. In response to analysts at Bernstein, that was sufficient to put the brand new blockchain among the many prime 5 networks by consumer buying and selling exercise.
In response to DefiLlama, for the reason that mainnet launched on July 1, roughly 65,000 customers have joined Robinhood Chain. They’ve deposited round $300M in stablecoins and roughly $13M in tokenized shares.
The Arbitrum-based layer-2 community is designed for monetary companies and real-world asset (RWA) tokenization. Its ecosystem companions embrace Uniswap, Morpho, Chainhyperlink, Lighter, and BitGo.
In response to Bernstein, memecoins accounted for a lot of the community’s buying and selling exercise throughout its preliminary launch part. As adoption expanded, cryptocurrency merchants and liquidity suppliers additionally started becoming a member of the ecosystem.
Robinhood Chain at present helps tokenized shares, decentralized lending, and perpetual futures.
Analysts stated each day DEX quantity reached as much as $809M, making Robinhood Chain the third-largest blockchain by decentralized buying and selling exercise, behind solely Solana and BNB Chain.
Lower than two weeks after launch, the community’s complete worth locked (TVL) additionally surpassed $100M.
(SOURCE: DefiLlama)
The submit Crypto News Today (July 14): BTC Stuck Under $63K, US Government Moves $300M in Seized Crypto to Coinbase Prime, and Robinhood Chain Becomes a Top 5 Network appeared first on 99Bitcoins.
