Early 'Binance Life' whale sells another 2.5 million tokens, bringing total cash-out to $11.12 million

According to monitoring by AI Yi, a whale that has been steadily accumulating ETH and WBTC since July withdrew 9,883 ETH from Binance 8 hours ago, valued at approximately $17.73 million. As of press time, the address has accumulated a total of 44,459.23 ETH and 250 WBTC, with average withdrawal prices of $1,692.83 and $62,628 respectively, generating an unrealized profit of around $4.755 million.

Per Lookonchain’s monitoring, a whale with a track record of poor trading performance has shifted to going long on NVIDIA after failing to profit from two long positions on $SKHX and suffering a loss of roughly $4.4 million. The address recently opened a 3x leveraged long position worth 96,251 NVDA shares (approximately $20.22 million), betting that NVIDIA’s stock price will rise further.

Tensions in the Middle East remain high. U.S. President Donald Trump said he has agreed to continue negotiations with Iran, but the temporary ceasefire has ended. The U.S. has demanded Iran commit to halting attacks on vessels in the Strait of Hormuz by Saturday, adding it will continue strikes on Iran if necessary. Iran responded that it has never put forward a negotiation demand with the U.S., but agreed to allow mediators to visit the country. Iran’s parliamentary speaker stated that Iran will not surrender and will adopt comprehensive defense measures if the U.S. "breaks its trust". Iranian Foreign Minister Abbas Araghchi will lead a delegation to Oman on Saturday for talks on the Strait of Hormuz issue and bilateral relations. Additionally, sources said the U.S., Iran, Pakistan, and Qatar may hold a four-way call, with a Qatari envoy already arriving in Iran for emergency mediation. Israeli sources said Trump currently does not want Israel to join direct combat to avoid further escalation of tensions, but other reports indicate Israel still intends to participate in strikes on Iran and is waiting for the U.S. side’s position. Meanwhile, the U.S. announced a new round of sanctions targeting financial backers linked to Mojtaba and Iran’s currency exchange networks. France called on Iran to immediately and unconditionally open the Strait of Hormuz and allow the International Atomic Energy Agency (IAEA) to inspect relevant nuclear facilities.

Serenity issued a statement addressing recent discussions about OpenAI’s MRC network architecture optimization and Amazon (AMZN)’s RNG architecture potentially leading to a drop in optical module demand. The firm maintains that even if the number of optical modules needed per XPU decreases, the rapid expansion of AI computing power will continue to drive sustained growth in overall optical communications demand. Serenity notes that with a significant increase in XPU deployments, total optical module demand is still projected to rise. On CPO (Co-packaged Optics) laser solutions, it holds that VCSELs are better suited as a transitional technology for NPO (Near-packaged Optics) and short-range interconnection stages, while long-term, ultra-high-power continuous wave (UHP CW) lasers will be the superior choice for CPO—a view aligned with Broadcom’s prior public remarks.

According to monitoring by EmberCN, Tether allocates 15% of its quarterly profits to its Bitcoin reserve address. Approximately 5 hours ago, this address made a test transfer of 4 BTC to Binance, valued at roughly $250,000. EmberCN stated that this same address previously transferred 204.3 BTC to Bitfinex a month ago, worth approximately $14.36 million at the time, when Bitcoin’s price stood at around $70,000. It remains unclear whether these assets have been sold. Additionally, Tether appears to have not yet completed the on-chain withdrawal of new Bitcoin for Q2 2026. Per its usual practice, Tether typically transfers BTC purchased in the quarter to its reserve address on the last day of each quarter. However, more than 10 days have elapsed since the end of Q2, and no new Bitcoin deposits to this reserve address have been observed on-chain, sparking market concerns over whether it has adjusted its Bitcoin accumulation pace.

Nasdaq-listed Bitcoin treasury firm Empery Digital has sold a total of 1,400 BTC since May 7, at an average price of roughly $62,200, netting approximately $87.1 million in proceeds, cutting its Bitcoin reserve by nearly half. According to announcements, $10 million of the proceeds was used to repay debt on July 7, while the remaining funds will be allocated to previously announced real estate acquisitions for an AI data center, legal fees related to shareholder litigation, and daily operational expenses. The company had earlier announced it would invest $65 million to acquire a 25% stake in an entity developing an AI data center project in the U.S. Midwest. As of July 10, Empery Digital still holds 1,514 BTC, worth around $96.5 million at current prices, plus approximately $73.9 million in cash, with an outstanding debt balance of $45 million. Reports note that an increasing number of public companies holding Bitcoin reserves are starting to use BTC as a liquidity source rather than solely as a long-term holding asset, selling part of their reserves to meet traditional financing needs such as debt repayment, capital expenditures, and corporate operations.