Since the October 2025 peak, Bitcoin has failed to sustain an uptrend, falling 48% from its ATH. Amid this extended market weakness, long-term holders, especially institutions, have seen their losses skyrocket.
The rising losses have pushed many of these firms to a breaking point, and they are not only capitulating but also walking away.
KULRTech dumps $9 million in Bitcoin
Treasuries that rushed to accumulate Bitcoin [BTC] from late 2024 and 2025, fearing they would miss out, have found themselves operating at a loss.
Others were pushed to capitulate to avoid more losses, and one such Bitcoin treasury company is KULRTech.
KULRTech has been aggressively dumping its BTC over the past months. According to Arkham data, KULRTech transferred 145.8 BTC worth $9.45 million to Coinbase Prime.
Source: Arkham
After multiple transfers, its holdings of 1,021 BTC worth $101 million now have only 100 BTC worth $6.47 million left.
In its selling spree, the company has mostly exited at a loss. AMBCrypto earlier reported that KULR Bitcoin holdings saw over $18 million in losses.
Now with only 100 BTC left, it seems the company is on the verge of completely exiting its position. Thus, if weakness continues, the company is likely to sell and exit the market entirely.
Source: Yahoo Finance
Even more impactful for KULRTech, the company’s stock value was hit the hardest by extended Bitcoin poor performance.
Yahoo Finance data showed that the company’s stock declined 78% from its ATH of $43 recorded after it announced its BTC investment. As of this writing, the firm’s stock value was around $2.7.
Treasuries holdings value plunges $47 billion from 2025 peak
KULR Technology Group, Inc is one of the many Bitcoin treasury companies operating at a loss. Also, it joins a long list of these firms aggressively selling.
Interestingly, while Treasury companies have increased their holdings in 2026, they have yet to reclaim peak value.
Source: CoinGlass
In 2025, Bitcoin treasury companies held 1.02 million BTC worth approximately $128.5 billion at the peak. Now, these firms hold 1.25 million BTC worth $81.5 billion, marking a $47 billion drop from the 2025 peak.
Thus, although holdings have increased by 230k BTC, the value remains extremely low, signaling rising losses. For example, Strategy is currently operating on $9 billion in losses.
With these major investors holding at a loss and continually selling, the Bitcoin market still remains at extreme risk. Thus, fear from treasuries could drive continued market weakness, further reducing the capital that BTC relied on significantly for the 2024-2025 rally.
Final Summary
KULR Technology Group transferred 145.8 BTC worth $9.45 million to Coinbase Prime, reducing total holdings to 100 Bitcoin.
Bitcoin treasuries have increased holdings by 230k BTC since October 2025, but value dropped from $128 billion to $81 billion.
Crypto markets have struggled for much of the year as weaker trading volumes, concerns over the economy and fading risk appetite weighed on digital assets. The tougher backdrop has hurt market makers, whose revenues depend largely on trading flows and providing liquidity. With spot trading volumes subdued, firms across the sector have faced pressure on profitability.
Mergers and acquisitions are expected to remain a defining theme in 2026 as digital asset firms consolidate to achieve scale, expand product offerings and meet growing institutional demand, according to industry analysts.
Exchanges, market makers, custodians and financial technology providers are looking to acquire complementary businesses to build integrated digital asset platforms, reflecting the maturation of the crypto ecosystem into a more institutional and regulated market.
SBI Financial Services, a subsidiary of SBI Holdings, acquired a 90% stake in B2C2 in December 2020, months after investing $30 million in the firm.
B2C2’s financial results are not disclosed separately. They are reported as part of SBI’s broader crypto-asset business segment. For the fiscal year ended March 31, that segment generated 89.6 billion yen ($550 million) in revenue, up 10.9% from a year earlier, while profit before tax was unchanged at 21.2 billion yen.
See which banks are currently paying the highest CD rates. If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best rates available.
Banks with the best CD rates right now
Today’s CD rates vary quite a bit. In general, however, CD rates have been declining for quite some time due to the Fed’s decision to cut its benchmark rate three times in the latter part of 2024 and three times in 2025. Even so, with the Fed leaving rates unchanged so far in 2026, some banks are still offering competitive CD rates.
For institutions offering competitive rates, top rates reach about 4% APY. This is especially true for shorter terms of one year or less.
Today, Friday, July 24, 2026, the highest CD rate is 4.20% APY. This rate is offered by Sallie Maeon its 2-year CD.
Here is a look at some of the best CD rates available today from our verified partners:
Compare these rates to the national average as of July 2026 (the most recent data available from the FDIC):
Compared with today’s top CD rates, national averages are much lower. This highlights the importance of shopping around for the best CD rates before opening an account.
Why do online banks have the best CD rates?
Online banks and neobanks are financial institutions that operate solely via the web. That means they have lower overhead costs than traditional brick-and-mortar banks. As a result, they’re able to pass those savings on to their customers in the form of higher interest rates on deposit accounts (including CDs) and lower fees. If you’re looking for the best CD rates available today, an online bank is a great place to start.
However, online banks aren’t the only financial institutions offering competitive CD rates. It’s also worth checking with credit unions. As not-for-profit financial cooperatives, credit unions return their profits to customers, who are also member-owners. Although many credit unions have strict membership requirements that are limited to those who belong to certain associations or work or live in certain areas, there are also several credit unions that just about anyone can join.
Should you open a CD?
Whether or not you should put your money in a CD depends on your savings goals. CDs are considered a safe and stable savings vehicle — they don’t lose money (in most cases), are backed by federal insurance, and allow you to lock in today’s best rates.
However, there are some drawbacks to consider. First, you must keep your money on deposit for the full term, otherwise you’ll be subject to an early withdrawal penalty. If you want flexible access to your funds, a high-yield savings account or money market account might be a better choice.
Additionally, although today’s CD rates are high by historical standards, they don’t match the returns you could achieve by investing your money in the market. If you’re saving for a long-term goal such as retirement, a CD won’t provide the growth you need to reach your savings goal within a reasonable time frame.
The European Union (EU) extended sanctions against Russia to include four designations related to the cross-border A7 network, including its new links to Africa.
The EU is also extending its transaction ban to 14 unnamed crypto-related service platforms based in Georgia, Panama, the United Arab Emirates (UAE), the Marshall Islands, Kyrgyzstan and Belarus.
Chainalysis recently noted that on the A7 network, where the A7A5 stablecoin operates, has processed nearly $120 billion to date and that it is purposely built for Russia’s sanctions evasion.
“We’re hitting over a hundred banks and crypto operators, 40+ vessels in Russia’s shadow fleet, and several oil refineries in Russia and Belarus,” Kaja Kallas, High Representative for Foreign Affairs and Security Policy and chair of the Foreign Affairs Council, said in a statement.
The EU announced its previous package of sanctions against Russia in April, saying it was the “biggest package” of sanctions against the country in two years. In that statement, the EU said “Russia is becoming increasingly reliant on cryptocurrencies for international transactions.”
Ethereum, the second-largest cryptocurrency, spent most of 2026 under pressure amid the broader market downturn. Its market capitalization stood at roughly $230 billion.
ETH reached an all-time high of $4,953 on the 24th of August 2025. It has since fallen to $1,888, representing an approximately 62% decline from its record high.
Separately, ETH remained down 36% on a year-to-date basis.
Is ETH undervalued?
Despite the token’s troubled run, activity across the Ethereum network continued expanding.
Alphractal data showed that Daily Transactions remained above 2.5 million during most of the recent period. The network processed 2.56 million transactions at press time.
By comparison, Daily Transactions remained below 1.5 million during much of last year.
Even when Ethereum reached its all-time high in August, the network processed approximately 1.6 million transactions daily.
Source: Alphractal
Alphractal’s João Wedson, speaking on the development, pointed to those fundamentals as the core reason Ethereum trades well below fair value. He noted,
You may be bearish on the price, but you cannot be bearish on the fundamentals and the actual adoption of the blockchain.
Wedson expects the same fundamentals to drive Ethereum’s outperformance in the coming market cycle, a move he sees playing out over the “next two to three years.”
Is more capital entering Ethereum?
A closer look shows Ethereum still drawing capital into its ecosystem, even with the token’s weak showing in the market.
DeFiLlama data shows the blockchain’s total value locked climbing as investors commit capital to the network. Between 1 July and now, TVL has absorbed $4.92 billion in fresh locked capital.
Capital lock-ups on that scale usually reflect long-term optimism on price performance, with the same group also earning the APY on offer.
Source: Artemis
Daily Active Users have surged alongside the inflows, pointing to higher on-chain activity and reinforcing Ethereum’s role as the settlement layer for most transactions on the chain. Artemis reported the latest daily active user count reaching 581,000, one of the highest readings since late June.
Continued growth across Daily Transactions, TVL, and Daily Active Users could strengthen Ethereum’s underlying demand.
Validator conviction adds to the outlook
AMBCrypto reported recently how zero exit queues from Ethereum validators could be another factor allowing the asset to swing higher.
Validators are holding their ETH on the network, a decision usually tied to a long-term view. The behaviour breaks from the pattern seen when the market crash peaked, when the validator exit queue held roughly 2.6 million ETH and carried a 44-day wait.
Adding weight to the shift, the number of validators looking to commit tokens to the blockchain has jumped to roughly 2.52 million ETH, with a 43-day waiting period.
True boat lovers reject the popular saying that the two happiest days of a boater’s life are the day they buy the boat and the day they sell it. For them, happiness is putting the boat in the water and sailing off, never-ending expenses included.
That devotion drove a boom in boat sales during the Covid pandemic, as many Americans turned to the water to escape. After seeing a spike in sales during the crisis, when most other industries struggled, the recreational boating market is now feeling the impact of consumers’ discretionary spending cuts.
In fact, most boat owners make less than $100,000 a year, often purchasing smaller and more affordable vessels. This makes the industry “particularly sensitive to shifts in consumer confidence and credit availability,” according to IBIS World’s Boat Sales & Repair in the U.S. report.
According to Deloitte’s State of the US Consumer July 2026 report, discretionary spending intentions grew for a third straight month in June; however, they remain below the 2021 baseline.
The full-year 2025 data from NMMA reveal that new boat retail unit sales dropped 8.8% year over year to 215,237 units, down from 236,070 units in 2024.
Amid these shifts in consumer behavior, the largest U.S. boating retailer, West Marine, recently filed for Chapter 11 bankruptcy and closed 59 stores. More recently, the boat retailer confirmed an additional wave of closures.
West Marine closes another 32 stores
West Marine Inc., the largest boating and marine supplies retailer in the United States, recently confirmed plans to close an additional 32 retail locations, bringing the total number of stores slated for closure to 91, reported BoatBlurb.
The latest 32 closures join the previously announced 59 closures and are part of the company’s Chapter 11 bankruptcy restructuring.
The company disclosed several factors pushing it into bankruptcy, includingsupply chain disruptions, extreme weather events, and shifts in consumer behavior, according to its official press release.
West Marine aims for Chapter 11 to help it strengthen its balance sheet, reduce debt, and improve financial flexibility.
“We recently made the difficult decision to close select store locations. While this change wasn’t easy, our commitment to you hasn’t changed one bit — West Marine is open, stocked and ready to help with everything you need to get back on the water,” the company states on the store closure web page.
West Marine closes a total of 91 stores in Chapter 11 bankruptcy.Smith Collection/Gado/Getty Images
West Marine’s total 91 locations closed:
Alabama (1) Mobile: 5004 Dauphin Island Pkwy.
California (7) Chula Vista: 630 Bay Blvd. Monterey: 2024 Del Monte Ave. Oceanside: 1719 Oceanside Blvd. Pittsburg: 4645 Century Blvd. Redding: 2607 Bechelli Lane Sacramento: 9500 Micron Ave #116 Santa Barbara: 132C Harbor Wy.
Connecticut (2) Branford: 33 Business Park Dr.Norwalk: 99 Water St.
Maryland (5) Baltimore: 2700 Lighthouse Point E Edgewater: 3257 Solomon’s Island Rd. Ocean City: 12638 Ocean Gateway Rock Hall: 21386 Rock Hall Ave. North East: 475 N. Mauldin Ave.
Maine (2) Portland: 127 Marginal Way Southwest Harbor: 11 Apple Lane
Michigan (7) Bay City: 4128 Wilder Rd. Grand Haven: 810 Jackson St. Muskegon: 2492 Henry St. Petoskey: 105 West Mitchell St. St. Clair Shores: 25050 Jefferson Ave. Troy: 789 E. Big Beaver Rd. Holland: 12513 James St.
Minnesota (1) Minnetonka: 12350 Wayzata Blvd.
Missouri (1) Osage Beach: 3872 Osage Beach Pkwy.
North Carolina (2) Oriental: 1104 Broad St. Ext. Raleigh: 3027 Capital Blvd.
New Jersey (4) Cape May: 791 Route 109 Eatontown: 178 State Route 35 S Toms River: 213 Route 37 East Lodi: 100 Route 17 South
Nevada (1) Reno: 2505 Mill St.
New York (6) Irondequoit: 1850 Ridge Rd. East Port Washington: 16 Soundview Marketplace Watertown: 21214 Pioneer Plaza Dr. Buffalo: 2192 Niagra St. Huntington Harbor: 56 New York Ave. Riverhead: 1089 Old Country Rd.
Ohio (4) Cleveland: 1577 Saint Clair Ave. NE North Olmsted: 24781 Lorain Rd. Sandusky: 207 E. Water St. Toledo: 6176 N Summit Bldg. F
South Carolina (5) Anderson: 3501-2 Clemson Blvd. Murrells Inlet: 12078 Highway 17 Bypass North Myrtle Beach: 1288 Highway 17 N Port Royal: 1347 Ribaut Rd. Columbia: 142 Harbison Blvd.
Tennessee (1) Knoxville: 7812 Kingston Pike
Texas (1) Lewisville: 4850 SH 121
Virginia (2) Glen Allen: 10819 W. Broad St. Alexandria: 601 South Patrick St.
Vermont (1) Burlington: 861 Williston Rd.
Washington (7) Bellingham: 3560 Meridian St. Bremerton: 5971 State Hwy. 303 NE Everett: 1716 West Marine View Dr. Port Townsend: 2428 Washington St. Spokane: 5306 East Sprague Ave. Bellevue: 13211 Northup Wy. Olympia: 1530 Black Lake Blvd SW Suite C
Wisconsin (1) Greenfield: 4141 S 76th St.Source: Notice of Filing Store Closing List, West Marine
West Marine Chapter 11 bankruptcy details and canceled auction
West Marine signaled it is preparing for a potential Chapter 11 bankruptcy filing to restructure its debt and lease obligations, TheStreet Co-Editor-in-Chief Daniel Kline reported in May 2026.
Since then, the outdoor giant filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware, closed 59 stores, and now an additional 32.
“West Marine has been a trusted partner to the boating community for decades, and we remain deeply committed to that mission. The actions we are taking today will allow us to optimize our operations and rationalize our footprint, so that we can focus on continuing to serve our customers and community well into the future,” stated CEO Paulee Day, when the company filed for Chapter 11.
To support ongoing operations through the Chapter 11 process, West Marine reached an agreement with its secured lenders to use its cash collateral. The lenders also agreed to provide new financing to support the company’s exit from Chapter 11.
After filing for Chapter 11 bankruptcy, West Marine also filed customary first-day motions with the Bankruptcy Court requesting authority to continue operations without disruption, which includes meeting employee payroll and benefits.
The company’s restructuring process faced its first major hurdle when an asset auction was canceled after no qualified bids emerged, reported SGB Media on July 7, 2026.
The boating and fishing retailer confirmed it plans to continue with its pre-arranged reorganization plan that includes the closure of around one-quarter of its locations and an exchange of debt for equity.
Under the pre-petition reorganization plan filed in Delaware’s bankruptcy court, lenders will convert roughly $251.2 million in term loan claims into 100 percent of the new equity interests in the reorganized company. The Restructuring Support Agreement (RSA) was backed by 100 percent of its FILO (First In, Last Out) lenders and 96.2 percent of its term loan lenders.
The document also states that the total outstanding obligations amount to $429.3 million.
“Under the current reorganization plan, general unsecured creditors face a “death-trap” provision that will result in little to no financial recovery. The total amount owed to these unsecured creditors — which includes major vendors like Garmin International ($8.57 million), Virtual Supply ($5.8 million), and Sierra International ($4.7 million) — ranges between $99.3 million and $109.2 million,” reports SGB Media.
West Marine confirmed that vendors and suppliers will be paid in full for all goods and services provided after the May 17, 2026, bankruptcy filing date. Only the debts incurred before filing are subject to losses.
The Combined Confirmation Hearing, initially set for July 30, has been postponed to Aug. 11.
What West Marine consumers should know regarding closures
Consumers who own a gift card or placed an order for pickup at one of the stores scheduled for closure should know that they can still use the gift card at the closing store up to the closure date, online, or at any other West Marine location.
The retailer also noted that all orders placed before June 12, 2026, can be picked up at a closing West Marine store location.
Consumers can’t return or exchange merchandise at closing stores, as all sales are final at any closing store.
Shoppers can still place orders online and in store, and warranties and product support will be honored.
Regarding the West Advantage Rewards program, the company shared that members’ accounts will remain active, and loyal customers can continue to use their account benefits.
What’s next for West Marine?
West Marine had more than 200 retail locations across North America before announcing its Chapter 11 filing. This suggests the retailer will soon be left with about 110 operating stores.
In addition to closing stores with unprofitable leases, West Marine plans to transform and build its business around West Marine Pro, its wholesale and professional division, that drives more than 40% of its total revenue, writes Marine Industry News.
West Marine Pro provides service to marine technicians, marina operators, fleet managers, boat builders and government organizations responsible for maritime assets.
The boat giant also plans to remodel its remaining stores to better serve professional customers by allocating more space for high-volume marine parts, while scaling back non-essential/discretionary retail products.
The retailer also plans to connect its store inventory to its website and Pro app. This lets commercial clients scan barcodes, view wholesale prices, and check local stock in real time.
In “The Odyssey,” Odysseus and his men arrive on a beach in search of provisions and find an unpleasant surprise in the form of angry giants, who proceed to kill a bunch of the men.
Much like the Greeks’ deadly surprise, a handful of unfortunate moviegoers are sailing blindly into treacherous waters with fateful consequences. Some people accidentally went to see “The Odyssey” in 4DX, not realizing that the chairs shake and water sprays at them throughout the nearly 3-hour film.
I became aware that people were suffering through this mistaken adventure when a friend of mine told me it happened to him. This friend (who requested to remain anonymous due to a desire to conceal his recreational drug use as an otherwise respectable adult with a job and family) took a small dose of weed gummies and some magic mushrooms and went to see the movie by himself — and ended up begging Zeus for mercy.
He bought a ticket to an IMAX showing through the Fandango app, but when he showed up, he realized it was for a totally different theatre across town. The young ticket taker took pity on him and let him into a showing starting soon, which happened to be the 4DX version.
“There is so much action where they shake the seats, moving them up and down, side to side,” my friend said. “Even though the shakes only come in doses of seconds, you are probably in for a solid seven-ish minutes of seat shaking. That may not sound like a lot, but it is. It takes a toll on your body.”
Like Odysseus’s journey after the land of giants, things went from bad to worse. The shaking of the seats made him spill the wine he bought at the concession stand (potentially offending Dionysus).
4DX experiences in theatres have expanded in the last decade, which require special equipment and seats. This month, you could see “Minions & Monsters” or “Moana” with shaking seats and spraying mists. “Spider-Man: Brand New Day,” later this month, will also be in 4DX.
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Variety sent several of its writers to see the film in 4D, and the experience was mixed. “You’re not just immersed in the film — you’re living in it,” wrote someone who loved it. Her colleague, however, became nauseated and left the movie early.
My friend’s narcotic-fueled journey may have been unique, but he’s not the only person out there who accidentally saw the film in 4DX. On social media, I found a handful of accounts from people who made similar mistakes, whether because they didn’t know what 4DX meant when they bought the tickets or didn’t notice it when purchasing through an app.
Tim Matishek thought he had bought a regular, non-IMAX ticket when he went to see “The Odyssey” at a theatre near New York’s Union Square this week by himself.
“I certainly thought the chairs felt off, and was surprised they didn’t recline,” Matishek told me. “I don’t mind regular seats, but I figured a Regal had them in most theaters.”
It was only when his seat started moving during the trailer for the new “Spider-Man” movie that he fully understood what he was in for. He was not happy.
It seemed like most of the audience was excited for it — or at least expected it. However, he did notice that one man left 15 minutes before the end of the film, during a climactic final fight scene where the chairs were shaking nonstop.
I asked him if he had ever been to a 4DX theatre before. “Never, and I never will again,” he said confidently.
