GMGN market data showed sharp one-hour gains in two meme tokens, with CZ rising 330.5% and TCC up 121.2%. Their reported market capitalizations stood at $34.71 million and $8.31 million, respectively. In an earlier update cited by Foresight News, on-chain tracker Ai Yi said that 700 million CZ and 400 million TCC were sent from Changpeng Zhao’s donation address to a burn address five minutes earlier. Foresight News also warned that meme coin trading can be highly volatile and said such tokens have no practical value or use case, urging investors to pay attention to the risks.

ChainCatcher, citing GMGN data, reported that a CZ donation address sent 700 million CZ tokens and 400 million TCC tokens to a burn address around five minutes earlier. The transfer was followed by sharp price moves in both tokens. CZ briefly surged more than 220%, with its market capitalization reported at $30.48 million. TCC rose 82.51% in a short period, bringing its market capitalization to $7.55 million. The update was published as a 7x24 market news flash, and no further details were provided in the source about the address, the transaction context, or whether additional transfers are expected.

A donation address associated with CZ sent 700 million CZ tokens and 400 million TCC tokens to a burn address about five minutes before the move was flagged by GMGN on July 12, according to BlockBeats. The transfer quickly fueled a price spike in both meme tokens. CZ jumped more than 220% in a short span, with its market capitalization last reported at $30.48 million. TCC rose 82.51%, bringing its market capitalization to $7.55 million. BlockBeats also cited an earlier social media post from CZ, in which he said he neither held nor knew much about the newly issued meme coins CZ, TCC, and AB on BNB Chain. He wrote that he was only interacting with active and energetic community users and added that he hoped the best meme would stand out. The report noted that the timing of the burn drew attention because these meme coins have been recent market hotspots. It also said Robinhood Chain has gained momentum over the past week, with on-chain activity, measured by DEX trading volume, now ranking second across the crypto industry.

Monitoring account Ai Yi said Zhao Changpeng’s donation address transferred 700 million CZ tokens and 400 million TCC tokens to a black hole address about five minutes before the alert was posted. The transfer was identified as a burn transaction. The update came from a post linked in the source material, with no additional details provided in the brief. The report names Zhao Changpeng, also known as CZ, and specifies both token amounts involved in the transaction. As provided in the source, the destination was a black hole address, a term commonly used for an address used to remove tokens from circulation through an irreversible transfer.

According to Iran’s Tasnim News Agency, Iranian military spokesperson Akraminia said Sunday that responsibility for managing maritime traffic in the Strait of Hormuz lies with Iran under the Islamabad memorandum of understanding. He said the United States was trying to impose an unauthorized shipping route in the southern part of the strait, calling it a violation of commitments made under that memorandum. Akraminia also said Washington has a long record of failing to honor international commitments and argued that the same issue exists in the current understandings reached between Iran and the U.S. He added that Iran is working with Oman on joint navigation arrangements for the strategic waterway through what he described as a peaceful and cooperative approach. Akraminia urged Washington to comply with the memorandum, respect regional stability and take into account the interests of countries in the region. He also warned that every U.S. attack on Iranian islands, coastal areas or facilities had drawn a firm response, and said the U.S. action on Saturday night was met with immediate retaliation. He added that Iran’s armed forces had continued strengthening readiness before and after the ceasefire.

Bitcoin is approaching the lower support line of a long-running power-law price model at about $58,000, a level that has marked cycle bottoms since 2015, according to a report cited by Odaily and sourced to CoinDesk. The setup suggests BTC is moving back toward a historical accumulation zone. At the same time, Bitcoin’s undervaluation relative to its trend line and to gold has fallen to levels last seen around the 2018 and late-2022 bottoms. Even so, Fidelity Director of Global Macro Jurrien Timmer has not said the market has already bottomed. Instead, he expects Bitcoin could trade sideways near support for months if no liquidity catalyst appears. Timmer also said speculative capital has rotated out of Bitcoin into gold, with flows now moving into semiconductor stocks. The comments frame the current market as one where valuation signals have weakened toward prior lows, but a clear turn still lacks a catalyst.

The crypto initial public offering market has lost momentum as investors rotate capital into other sectors and macro uncertainty continues to weigh on risk appetite, according to CoinDesk, citing Christian Lopez, head of blockchain and digital assets at investment bank Cohen & Company Capital Markets. Lopez said the successful public listings of Circle and Bullish had previously fueled stronger expectations for crypto IPOs in 2026. But that optimism has since faded as market conditions weakened, trading volumes declined, and some newly listed companies failed to meet post-listing expectations. He said several crypto firms, including Kraken parent Payward, Consensys, Ledger, and Grayscale, have postponed IPO plans while waiting for market conditions to improve. At the same time, Blockchain.com and FalconX are still moving ahead with their listing processes. Lopez added that uncertainty around the interest-rate outlook and global deleveraging pressure are making investors more cautious toward high-beta assets such as crypto. In his view, the listing window for crypto companies may not reopen in a meaningful way until next year. He also said regulatory clarity is no longer the main obstacle for crypto firms seeking to go public, with access to capital and business diversification now playing a larger role.

Bitcoin recorded a new mining difficulty adjustment at block height 957,600, with the difficulty dropping 5% to 127.17 T, according to data from CloverPool cited by ChainCatcher. The network’s average hashrate over the past seven days stood at 866.28 EH/s. The update reflects the latest scheduled difficulty change on the Bitcoin network and was reported by ChainCatcher as a brief market data item. No other details were disclosed in the source report.