A Whale Withdraws 8033 AAVE Worth Over $2 Million from CEX After 7-Month Hiatus

On July 2nd, as per The Block, Vetle Lunde, the director of K33 Research, stated that although July is filled with potential volatility of "Trump trades", including a budget bill, tariff decisions following the trade truce, and the deadline for crypto policy related to executive orders, the cryptocurrency trading activity in July may again be sluggish, continuing another quiet summer. It is reported that the 90-day tariff truce will expire on July 9th, which may prompt Trump to take new trade actions against specific countries. As observed earlier this year, tariff uncertainty often dampens market momentum or may pose resistance to Bitcoin's trend in the coming weeks.

On July 2nd, Backpack made an official announcement on social media that users are now able to view their personal DeFi positions within the Backpack Wallet. It allows for the tracking of liquidity providing, borrowing, staking, and rewards across more than 40 Solana DeFi projects such as Raydium, Kamino, and Orca.

On July 2nd, Thesis, a venture studio centered around Bitcoin, has acquired the Bitcoin rewards platform Lolli. The specific details of the deal have not been disclosed. Previously, Thesis had incubated the Bitcoin rewards platform Fold, which later officially separated and became an independent company. Fold then reached a Special Purpose Acquisition Company (SPAC) merger agreement with FTAC Emerald Acquisition Corp. in July 2024 and went public on Nasdaq in February under the ticker symbol FLD. Thesis stated: "This action positions Thesis as a leader in Bitcoin rewards technology, marking a significant milestone in its mission of building a Bitcoin-powered lifestyle economy and transforming Bitcoin from a buy-and-hold asset into the foundation of a modern decentralized economy." Lolli was founded in 2018 and enables users to earn Bitcoin and cashback while shopping at over 50,000 retailers or playing over 1,000 mobile games (both online and in-store).

On July 2nd, as reported by The Block, federally chartered digital asset bank Anchorage Digital has been appointed as the exclusive custodian and equity partner for the newly launched REX-Osprey Solana + Staking ETF.
Unlike the recent spot BTC and ETH ETFs registered under the 1933 Act, the new REX-Osprey ETF is subject to the more stringent regulatory framework of the 1940 Investment Company Act. This distinction implies that qualified custodians must hold the assets, and currently, Anchorage Digital is the only federally regulated bank authorized to custody and stake digital assets simultaneously. The ETF offers direct exposure to SOL and returns staking rewards to investors.

Flash, July 2: Given the U.S. Independence Day holiday, the U.S. June Non-Farm Payrolls report was made available earlier on July 3 (Thursday) at 20:30. On that particular day, U.S. stock markets and CME stock index futures trading concluded early. On July 4, the U.S. stock market was closed for one day. Additionally, trading of CME's precious metals, WTI crude oil, foreign exchange, and stock index futures contracts came to an end early on July 5 at 01:00 Beijing time. Please take note of this information by all investors. (FX678)

On July 2nd, according to Businesswire, the board of directors of fintech company Mogo has authorized the allocation of $50 million to Bitcoin as part of its long-term strategy for capital preservation and product innovation. The company will gradually achieve this target by using excess cash and portfolio liquidation, with Bitcoin serving as the benchmark for capital allocation returns. It will also integrate Bitcoin into its core business and launch portfolio and loan products, etc.