In crypto news today (July 14), Bitcoin has dropped a further -0.5% overnight and has failed to reclaim $63,000, trading at $62,500 as of this morning’s trading session. The longer BTC spends under $63,000, the more likely a drop toward $60,000 will be tested.
Yesterday saw a whopping -$424M exit the various Bitcoin ETF products, with $185M of that from BlackRock’s IBIT and $245M from Fidelity’s FBTC. This huge outflow has coincided with BTC dropping below $63,000 and struggling to reclaim that key level.
While the majority of tokens are down today and the total crypto market cap has dropped by -0.5%, Ethereum (ETH) and Near Protocol (NEAR) are two notable projects in the green, up +0.5% and +5.5%, respectively.
The Fear & Greed Index has dropped back into ‘Extreme Fear’ territory, falling to 22/100, after briefly exiting that zone yesterday. Whether this figure can hold amid the rising tension in the Middle East remains to be seen.
Crypto News Today: US Government Transfers $300M in Seized Crypto Assets to Coinbase
On Monday, the US government transferred nearly $300M in seized Bitcoin and Ethereum to the Coinbase Prime platform. Market participants speculate that this move may be linked to preparations for a potential sale of these assets.
According to Arkham, the transfer included 3,940 BTC valued at approximately $243.95M and 30,014 ETH valued at approximately $53.09M. These cryptocurrencies are associated with several significant seizure cases involving US authorities.
Notably, the transferred Ethereum is linked to Brian Krewson, an Oracle employee implicated in a $54M cryptocurrency storage and money laundering scheme.
The transfers have raised market interest because a possible sale of Bitcoin could conflict with a March 2025 executive order issued by US President Donald Trump. Under this order, Bitcoin seized by the US government must be added to the Strategic Bitcoin Reserve and may not be sold.
However, the transfer to Coinbase Prime does not confirm that the assets are being prepared for sale. The platform offers institutional clients custody, trading, financing, and staking services, suggesting that the transaction may simply be for asset consolidation.
The US government has previously transferred seized cryptocurrencies to Coinbase Prime, but Monday’s transaction was one of the largest this year involving government-linked wallets.
THE US GOVERNMENT JUST DEPOSITED $280M OF CRYPTO TO COINBASE PRIME
The US Government just deposited a total of $288.33M of BTC and ETH to Coinbase Prime. This includes confiscations from Brian Krewson, BTC-e, and Ryan Farace.
Will they be selling it all? pic.twitter.com/M5srRI3KJU
— Arkham (@arkham) July 13, 2026
Robinhood Chain Joins Top Five Blockchains With $3.1Bn DEX Volume
In other crypto news today, Robinhood Chain generated about $3.1Bn in decentralized exchange (DEX) trading volume during its first week after launch. According to analysts at Bernstein, that was enough to place the new blockchain among the top five networks by user trading activity.
According to DefiLlama, since the mainnet launched on July 1, roughly 65,000 users have joined Robinhood Chain. They have deposited around $300M in stablecoins and approximately $13M in tokenized stocks.
The Arbitrum-based layer-2 network is designed for financial services and real-world asset (RWA) tokenization. Its ecosystem partners include Uniswap, Morpho, Chainlink, Lighter, and BitGo.
According to Bernstein, memecoins accounted for most of the network’s trading activity during its initial launch phase. As adoption expanded, cryptocurrency traders and liquidity providers also began joining the ecosystem.
Robinhood Chain currently supports tokenized stocks, decentralized lending, and perpetual futures.
Analysts said daily DEX volume reached up to $809M, making Robinhood Chain the third-largest blockchain by decentralized trading activity, behind only Solana and BNB Chain.
Less than two weeks after launch, the network’s total value locked (TVL) also surpassed $100M.
(SOURCE: DefiLlama)
The post Crypto News Today (July 14): BTC Stuck Under $63K, US Government Moves $300M in Seized Crypto to Coinbase Prime, and Robinhood Chain Becomes a Top 5 Network appeared first on 99Bitcoins.
