An ETH/BTC-focused whale has opened another directional trade after the pair rebounded, according to on-chain analyst Ember. The analyst said ETH/BTC recently rose from 0.02524 to 0.02855. About half an hour before the update, the whale swapped 13,708 ETH for 393.4 BTC at an exchange rate of 0.02855, a transaction valued at roughly $25 million, effectively shorting the ETH/BTC ratio. Ember described the wallet as a coin-denominated trader. In that setup, a lower ETH/BTC ratio would allow the trader to buy back more ETH with the BTC received from the swap. Over the past six months, the whale has increased coin-denominated holdings by 6,475 ETH through multiple ratio trades, with that amount valued at $11.78 million in the update. The trade stands out because it comes after a rebound in the ETH/BTC pair and reflects a continued focus on relative-value positioning between the two largest crypto assets rather than a simple outright bet on U.S. dollar prices.

Oil prices rose sharply after Iran ordered a full halt to shipping through the Strait of Hormuz, ending a four-week slide in Brent crude and putting geopolitics back at the center of market trading. Commercial shipping data cited in the report showed that only 11 vessels passed through the strait in the past 24 hours, the lowest level on record. Brent climbed 5.39% for the week, while WTI added 3.96%. Risk sentiment later stabilized after Donald Trump said on Friday that he was willing to continue talks with Iran, though U.S. stock futures in Asian trading on Monday still moved slightly lower as investors waited for a heavy week of earnings and macro data. Wall Street’s five biggest banks are due to report on Tuesday, while ASML and Taiwan Semiconductor Manufacturing Co. will release results that the report says could serve as a direct read on real AI chip demand. The week also brings testimony from Federal Reserve Chair Waller before Congress and the release of U.S. June CPI and PPI data. The report said markets currently assign a 24% implied probability to a July rate hike. It added that stronger-than-expected inflation or a hawkish tone from Waller could push Treasury yields higher and pressure equity valuations. Bitcoin briefly rose above $64,000 during the week, while the 10-year Treasury yield ended about 8 basis points higher at 4.56%.

Gold fell to $4,074.1 per ounce, down 0.79% on the day, according to the latest data from Gate. Silver also moved lower to $58.778 per ounce, a daily decline of 0.57%. In crypto-related volatility gauges, nBVIX, the BTC volatility index, rose 1.14% to 38.08, while EVIX, the ETH volatility index, fell 3.32% to 50.42. In foreign exchange, USD/CNH gained 0.15% to 6.78632 and USD/JPY added 0.29% to 162.106. Major European equity benchmarks were mixed: the EURO STOXX 50 rose 0.16% to 6,273.32, the UK100 slipped 0.08% to 10,496.3, and Germany’s DAX40 dropped 0.37% to 24,933.7. In commodities, WTI crude climbed 1.29% to $74.57 a barrel, while Brent crude advanced 0.66% to $79.13. Gate also said its TradFi offering has been integrated into its app and web platform, allowing users to trade products tied to precious metals, forex, global stock CFDs, key indexes, and commodities on the same platform.

Foresight published a long-form explainer on modular blockchains, framing them as a structural alternative to monolithic chains such as Bitcoin, early Ethereum, and Solana. The piece argues that monolithic designs bundle execution, consensus, data availability, and settlement into one network, forcing trade-offs between scalability, decentralization, and security. Modular systems separate those functions into distinct layers so each can be optimized on its own. The article walks through the four-layer model: execution layers process transactions and smart contracts; consensus layers order batches; data availability layers store raw transaction data for verification; and settlement layers validate proofs, resolve disputes, and anchor finality. Ethereum is described as today’s main settlement layer, while Celestia and Avail are presented as leading purpose-built DA networks. Ethereum Blob under EIP-4844 is also discussed as a native DA option for rollups that prioritize security over storage cost. Foresight also focuses on development economics. In its view, modular architecture shifts blockchain building from a full-stack engineering effort to a component-based model. By reusing DA, consensus, and settlement infrastructure, teams can focus on execution environments such as ZK-rollups, OP-rollups, or app-specific chains. The article cites tools including OP Stack, Polygon CDK, Cosmos SDK, and RaaS, and says modular design can cut development time from 10–18 months to 2–8 weeks in some cases.

A hacker promoted a token called $SCATMAN after compromising the official X accounts of SpaceXAI and Starlink, according to monitoring by Lookonchain. The on-chain tracker said the attacker later sold the entire minted supply of 10 trillion SCATMAN for 59 ETH, worth about $108,000 at the time cited in the report. A separate wallet controlled by the same hacker also sold 59.28 million SCATMAN for 14.7 ETH, or roughly $27,000. In total, the hacker made about $135,000 from the sales, based on Lookonchain’s figures. The report was cited by ChainCatcher in a brief news update.

BlockBeats reported on July 13, citing Bitget market data, that Brent crude had climbed 4% on the day to $78.9. WTI crude also extended gains to 4%, trading at $74.3. The update was published as a market analysis item by BlockBeats. No additional details were provided in the source beyond the quoted price moves and reference to Bitget data.

Lookonchain said hackers took over the SpaceXAI and Starlink accounts, then issued and promoted a token called SCATMAN. On-chain data cited by the tracker shows two wallets, 0xfee...a8ba and 0xdd...ba89, minted 10 trillion SCATMAN and swapped the full amount for 59 ETH, worth about $108,000. A separate wallet under the hackers’ control also exchanged 59.28 million SCATMAN for 14.7 ETH, valued at roughly $27,000. Based on those transactions, the total profit came to around $125,000. The report ties the gains to token sales that followed the account takeover and promotion campaign.

BlockBeats reported on July 13, citing monitoring by SolanaFloor, that a SpaceX-linked account believed to have been hacked published and promoted a Robinhood Chain meme coin. SpaceXAI and Starlink’s official X accounts then reposted the related content. The token’s market capitalization briefly surged to about $2 million before a rug pull sent its price rapidly to zero. The report did not provide additional details on the attackers or the token’s contract.