BTC Rally to $112K Fueled by New Longs

Bitcoin’s surge to $112K isn’t just short squeezes — it’s also driven by fresh long positions.
Unlike the end of June, this time open interest is rising, not falling.

That signals real conviction behind the move.

USDC Coming Natively to Sei Network

Circle is launching native $USDC and CCTP V2 on Sei — one of the fastest L1 blockchains.

This move boosts Sei’s utility and brings seamless stablecoin transfers to the ecosystem.

Massive $ETH accumulation!

Newly created wallet 0x35fb has withdrawn 72,050 $ETH($199.6M) from Kraken in the past 24 hours.

Short Squeeze Alert

Over $509 million in short positions were liquidated in the past 24 hours.

Tesla’s Bitcoin bet is paying off

Elon Musk’s Tesla now sits on an unrealized profit of $756 million from its Bitcoin holdings.

Robinhood launches ETH and SOL staking for U.S. users

Robinhood Crypto now allows U.S. customers to stake Ethereum and Solana — starting with as little as $1.

China reconsiders its stance on stablecoins

Shanghai regulators held a closed-door meeting with 60+ officials to discuss new stablecoin rules.

A yuan-backed stablecoin by JD.com and Ant Group is reportedly in the works. Both firms are preparing for licensing in Hong Kong, where the new stablecoin law takes effect on August 1

$SUNDOG added to Binance alpha projects.

JUST IN: $1,100,000,000 in Bitcoin and crypto shorts were liquidated in the past 24 hours.

JUST IN: Ripple has finished a blockchain-based drought insurance pilot in Kenya, using $RLUSD to cover 517 pastoralists.

JUST IN: Bitcoin outperforms Amazon in market capitalization.

SharpLink Gaming has acquired 10,000 ETH (~$30M) directly from the Ethereum Foundation.

Are you paying attention?

Bitcoin is now up +55% since its April 2025 low, hitting a RECORD $115,000.

Meanwhile, the US Dollar just had its WORST start to a year since 1973, falling nearly -11% in 6 months.