Greeks.Live: Community Divided on Bitcoin Market Direction, Ethereum to Retrace to $1800 If Unable to Break Through

On July 3rd, based on market data, the Hong Kong-listed company Kingsoft Financial International (HK1468) opened at a high and surged by more than 14%, with a market value of 478 million Hong Kong dollars. Kingsoft Financial International announced yesterday that it has invested 12 million US dollars to subscribe to shares of Amber International, entering the institutional crypto services field.

On July 3rd, according to on-chain analyst Ai Yi (@ai_9684xtpa), a particular ETH whale liquidated 4153.8 ETH (approximately $10.57 million) from a short-term position 8 hours ago and once again made a profit of $522,000.
The whale had entered the market at a low point on June 21st with an average price of $2419.48, demonstrating another successful instance of buying at a low price and selling at a high price.

On July 3rd, as monitored by OnchainLens, whale "3xwR" spent $1.598 million to acquire 4.4392 billion COMPANY tokens. Subsequently, it sold them for a total of 105.89 SOL, which is worth $16,283. This led to a loss of $1.58 million within just one minute. Meanwhile, address "8mser" spent 3.96 SOL (valued at $608) to purchase 8.31 million COMPANY tokens. It then sold them for a total of 5,736.32 SOL, which is approximately equivalent to $882,000.

On July 3rd, Jupiter officially declared that the Active Stake Reward (ASR) in the second quarter has now become eligible for claiming.

On July 3rd, as per the American news agency, the American law firm Pomerantz announced that it has filed a class action lawsuit against MicroStrategy (MSTR) and some of its executives. The lawsuit claims that between April 30, 2024, and April 4, 2025, MicroStrategy misled investors by not fully disclosing the risks of its "Bitcoin Reserve Company" strategy. MicroStrategy underestimated the potential for substantial losses due to Bitcoin price volatility after adopting the new accounting standard ASU 2023-08. On April 7, 2025, MicroStrategy disclosed unrealized losses of approximately $5.9 billion in the first quarter due to the devaluation of Bitcoin, resulting in the company's stock price dropping by 8.67% on the same day and closing at $268.14 per share. This class action lawsuit has been filed in the Eastern District of Virginia, with case number 25-cv-00861, aiming to recover losses caused by the defendants' violation of federal securities laws and seeking remedies against the co

On July 3rd, U.S. President Trump posted on Truth Social and said that the House of Representatives appears to be ready to hold a vote tonight (on the tax reform bill "Beautiful Act"). We had a very pleasant conversation throughout the day, and the Republican majority in the House is unified.