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On July 2, the world’s largest crypto exchange by trading volume (a most impressive feat, to be sure!) appointed Lynch as its new Head of Europe and the UK. Her mission, should she choose to accept it, is to oversee regulatory strategy and expansion in one of the most tightly governed digital asset markets. Wish her luck, dear reader! 🤞

One must ponder: what manner of sorceries drive investors to hoard cash and bonds, even as the stocks frolic in the sunny meadows of record highs? In a world that rages towards euphoria, why do the wise counsel caution? Perhaps it is the ever-present specter of reality tugging at their sleeves, whispering tales of caution amidst the clamor for immediate bliss.

Ethereum (ETH) made an elegant lunge above $2,600 (presumably showing off to the neighbours), before flopping down to $2,574, looking sheepish and trying not to make eye contact. Ripple (XRP) is gently declining, while Solana (SOL) is sinking—though in a dignified fashion—hovering about $152 like a dowager duchess at a lacklustre ball. Meanwhile, Dogecoin (DOGE) and Cardano (ADA) are up, managing to swim against the tide with all the pluck of a British bulldog in floaties. Stellar (XLM), Toncoin (TON), Litecoin (LTC), and Polkadot (DOT), however, have taken the express elevator to the basement, presumably for afternoon tea and a bit of quiet sobbing.

Hyperliquid (HYPE) has been on a tear of late, its price action a testament to the unbridled optimism of the bulls. But as the token struggles to break through the $40 psychological resistance, the exhaustion is palpable. The sellers, those wily veterans of the market, remain firmly in control of this zone, waiting to pounce on the unsuspecting bulls like a predator in the wild.

It appears that these patient souls, who have held onto their precious Bitcoin for at least 155 days, are not so easily swayed by the whims of the market. Nay, they are as steadfast as a mountain, unmoving and unshakeable! 🏔️

The message sparked concerns around transparency but Changpeng Zhao (CZ) was quick to respond.

To an outside observer (say, your grandmother or an especially skeptical goldfish), this would seem like the very definition of “something’s up.” High wallet creation has historically signaled that people sense a whiff of opportunity or, at least, the chance to join a group chat about decentralized finance. In contrast to twitchy trading bots and fast-money funds, a blossoming bunch of new accounts smells suspiciously like honest-to-goodness user engagement—although let’s be honest, some could just be opportunists with a dozen email addresses and too much time.

If you’re counting, that’s about $5.47 billion tucked away in a collection that’d make any crypto bro weep. This fortune is not only kept in company coffers but also shuffled around as loan collateral and assets under management. Yet even with all this, Marathon is still trailing behind Michael Saylor and his company, Strategy (formerly MicroStrategy, presumably shortened because time is money). Saylor has gathered more than 597,000 BTC, enough to make even Scrooge McDuck jealous. Last week, Strategy bought nearly 5,000 more coins, probably because Michael needed something to do between yachts. 🚤

The listing was announced on Coinbase’s official channels, confirming that users can now buy, sell, transfer, and store Wormhole on both desktop and mobile apps. This step marks a significant milestone for Wormhole, which supports interoperability across major chains like Base and BNB Chain—platforms linked to Coinbase and Binance respectively.

🐳 Here are the percentages of supply held by various large cap assets’ top 10 whales. USD Coin has just 27% of its supply held by its top 10 wallets, and Chainlink’s is relatively low at 32%. Shiba Inu notably has the most centralized, with 62% of its supply held by its 10…