Cryptocurrency
Polkadot (DOT) Inks a Major Sponsorship Deal With Leo Messi’s Soccer Team: Details

TL;DR
- Inter Miami named Polkadot its Global Training Partner, featuring its logo on training gear.
- DOT’s price remained largely unchanged following the news.
The Terms of the Deal
Inter Miami – one of the major American soccer clubs – teamed up with the blockchain software platform Polkadot. The latter will serve as the team’s Global Training Partner, with its logo being visible on all tops worn by the players and the technical staff during training sessions and pre-match warm-ups.
For its part, Polkadot will engage with Inter Miami’s fanbase via “dynamic digital campaigns” and interactive fan zone activities. Commenting on the initiative was Chrissy Hill, who serves as Polkadot’s leading technical contributor:
“We’re thrilled the innovative Polkadot community is continuing its strong commitment to the future of entertainment with its sponsorship of Inter Miami. Knowing this team of global soccer superstars will soon wear the brand we love and support on their jerseys is beyond exciting.”
Euan Warren – Inter Miami Vice President of Partnerships – described the partnership as “a natural fit” for the soccer team. “Our shared vision for innovation makes this a collaboration that will resonate with our fans worldwide,” he added.
Despite being founded just six years ago, Inter Miami is arguably the most popular American soccer club, featuring David Beckham as its co-owner and the Argentine superstar Lionel Messi as its captain. The winner of record eight-time Ballon d’Or awards helped the team win its first trophy a year ago. Back then, Inter Miami beat Nashville on penalties to lift the Leagues Cup.
DOT’s Price Outlook
The price of DOT (Polkadot’s native token) has shown little-to-no movement following the aforementioned announcement. It currently trades at around $4.30, representing a 10% weekly decline.
The popular X user Crypto Tony recently said they are waiting for possible reversal signs before hopping on the DOT bandwagon as an investor.
Prior to that, CryptoBullet argued that the price of the token has been in an “accumulation” zone for the past 840 days, expecting a massive breakout to $30-$35 should it escape to the upside.
Disclaimer: CryptoPotato has received a grant from the Polkadot Foundation to produce content about the Polkadot ecosystem. While the Foundation supports our coverage, we maintain full editorial independence and control over the content we publish.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Cryptocurrency
Who is Selling Their BTC at These Prices? Glassnode Reveals Bitcoin Profit Takers

About a month ago, market analysts noted that profit-taking on the Bitcoin network was modest. However, that has changed.
The on-chain insights provider Glassnode has revealed that profit-taking on the leading digital network is ramping up again. This comes as Bitcoin (BTC) remains in a consolidation phase following weeks of upward movement.
BTC Holders Take Profits
According to Glassnode’s tweet, bitcoin’s realized profits hit $2.46 billion on June 30, while the network’s seven-day Simple Moving Average (SMA) spiked to $1.52 billion.
The SMA, which identifies trends by averaging prices over a specific period, is currently above its year-to-date (YTD) average of $1.14 billion. However, the metric is still below its November-December 2024 peak of approximately $4.5 billion.
The spike in Bitcoin’s seven-day SMA indicates that coin distribution on the network is on the rise. Mid-to-long-term BTC holders have been leading this profit-taking spree; Glassnode said investors aged three to five years have realized at least $849 million in profits. This cohort of market participants is followed by those aged seven to ten years, with $485 million in profits, and investors aged one to two years with $445 million.
Short-term BTC holders, those holding for under one year, have been cashing out the least gains, at less than $6 million.
Interestingly, older BTC holders have been leading the profit-taking for this cycle. CryptoPotato reported a rise in spending by this cohort in late May, which drove the aggregate volume for the one- to five-year cohorts to $4 billion, its highest level since February. While older investors take the lead, the bulk of the volume is coming from this particular group of Bitcoin holders.
Whales Are Redistributing Too
Glassnode’s latest report is further substantiated by an analysis from the institutional decentralized finance (DeFi) analytics platform, Sentora (previously known as IntoTheBlock).
The firm disclosed that wallets holding more than 1,000 BTC have been steadily reducing their balances. This indicates that although institutional money is flowing into Bitcoin, whales are still offloading their holdings.
It is worth mentioning that Sentora sees the redistribution by whales as a sign of a maturing market rather than weakness. Older whale coins being dispersed could become a dynamic that would strengthen Bitcoin’s long-term potential.
Meanwhile, BTC was still consolidating at the time of writing, hovering under $110,000 – a level, which it has remained confined to in the last few weeks.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Bitcoin Plunges to $105K and Recovers, Altcoins Volatile: Market Watch
The past 24 hours saw enhanced volatility in the cryptocurrency market. Bitcoin managed to come on top, but the majority of altcoins are feeling the pressure.
Total liquidaitons across the entire sector also increased considerably, approaching the $260 million mark.
Bitcoin Price Plunges to $105K but Recovers
Starting with Bitcoin, the past 24 hours saw it tumble toward a local daily low at around $105,145, but as you can see on the chart below, the cryptocurrency managed to pull off a V-shaped recover.
As a result, it is currently trading at $107,720 and is up by almost 1% on the day.
This comes amid important economic developments in the US where Donald Trump’s “big beautiful bill” passed Senate and moves on to the next step of the approval process. If accepted, many speculate that it could have a positive effect on the cryptocurrency markets because it would alleviate tax pressure on retail investors, potentially freeing up capital for riskier investments.
Altcoins Feel te Pressure
While BTC managed to pull ahead following the increase in market volatility, the same is not true for many altcoins. The situation is mixed, but many altcoins dropped by more than 3% during the day, which is indicative of the current dynamices where Bitcoin is clearly dominant.
The best performer for today is PENGU – the native cryptocurrency of the Pudgy Penguins ecosystem, up by 6.3%. On the other side of the coin, we have Algorand’s ALGO, which is down 6.5%.
Coinglass also shows a 30% increase in liquidated positions across the derivatives markets, currently totaling around $260 million.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
No. 1 DeFi Protocol on Aptos, Echo, Launches Token Generation Event

[PRESS RELEASE – Singapore, Singapore, July 2nd, 2025]
A participant in Aptos Foundation’s LFM program, Echo’s TGE further cements its role in Bitcoin DeFi on Aptos
Echo Protocol, the first Bitcoin liquid restaking and yield layer on MoveVM and the largest protocol on Aptos by total value locked (TVL), has launched its Token Generation Event (TGE).
Echo’s TGE follows a period of record-breaking growth and community engagement, underpinned by participation in Aptos Foundation’s LFM program—a premier initiative that provides hands-on guidance to Aptos-native projects preparing for major product and token launches.
Driving the BTCfi Momentum on Aptos
With over $285 million in aBTC minted and Echo securing 65% of all bridged BTC assets on Aptos, the protocol has emerged as a key player in the growth of BTCfi (Bitcoin DeFi) on Aptos. Echo enables users to unlock yield opportunities on their Bitcoin holdings via aBTC—a cross-chain liquid Bitcoin token, backed 1:1 by BTC—while powering liquidity and collateral mobility across Aptos-native DeFi protocols.
Echo recently surpassed an all-time high of $878 million in TVL, fueled by incentive campaigns, integrations with leading DeFi projects in the Aptos ecosystem and high user engagement. To date, the protocol is responsible for more than 1 million user transactions and 60,000 daily active users.
“The launch of the ECHO token marks a major milestone in our mission to bring BTCfi to life. With this TGE, we are unlocking a new phase of growth for our ecosystem and creating real opportunities for users, builders and the broader Aptos community,” said Jonathan Phay, Co-Founder of Echo Protocol.
Accelerating Growth with Aptos LFM Program
Echo’s rapid evolution has been supported through participation in Aptos Foundation’s LFM program, which offers strategic mentorship, marketing resources and ecosystem-wide support for Aptos-native projects preparing for TGEs and beyond.
“Echo Protocol has been instrumental in making BTC a productive, on-chain asset within the Aptos ecosystem,” said Ash Pampati, Head of Ecosystem at Aptos Foundation. “This a major milestone—not just for Echo, but for BTCfi adoption on Aptos as a whole. Supporting Echo through its participation in LFM has been a key part of our mission to help Aptos-native projects scale and succeed.”
Building the Future of Bitcoin Utility on Aptos
Echo’s TGE represents the next step in advancing Bitcoin utility on Aptos. Starting today, ECHO tokens will be available to users via Binance Alpha, Gate and Kucoin. Following its TGE, Echo plans to continue driving BTC liquidity and composability across the ecosystem, with new products and integrations aimed at expanding BTCfi use cases.
About Echo Protocol
Echo Protocol is a Bitcoin liquidity aggregation and yield infrastructure layer on MoveVM designed to make Bitcoin productive for holders, ecosystems, and DeFi protocols. By unifying fragmented BTC liquidity, enabling seamless DeFi integration, and amplifying yield opportunities, Echo provides the foundational infrastructure for unlocking BTC utility across chains. Echo Protocol is backed by leading investors such as Aptos, Maelstrom, and Selini, and is rapidly becoming the go-to layer for BTC capital efficiency in the modular DeFi stack.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions