Trader Increases Bets on Fed Cutting Rates at Least Twice by End of 2025

On July 3rd, the Securities Industry and Financial Markets Association (SIFMA) dispatched a letter to the SEC Crypto Assets Working Group, objecting to the applications of cryptocurrency companies such as Coinbase and Kraken for exemptive relief to issue tokenized stocks. SIFMA characterized the related requests as "being of great concern" and urged the SEC to seek public input through a transparent process in order to avoid hasty approvals through opaque means. SIFMA emphasized that such significant policies should not be dealt with directly through "no-action" or exemption mechanisms. The association also raised doubts about whether the SEC is capable of regulating unregistered entities and protecting investor interests.

On July 3rd, according to EmberCN's monitoring, the so-called "insider trader" @qwatio's short position has been liquidated and reduced successively for 8 times. The value of the short positions, which was originally 250 million, has mostly been liquidated, and currently there remains about 43.68 million US dollars. @qwatio opened a short position of 16.28 million US dollars this time with the initial margin, and currently there remains 1.2 million US dollars, resulting in a short position loss of 15.08 million US dollars. Overall, the trader is still profitable. Previously, the trader earned 26 million US dollars through 3 addresses. After returning 15.08 million US dollars in profit, there is still a profit of 10.92 million US dollars. Current short position status: Short 237 BTC with 40x leverage, valued at 25.82 million US dollars. The entry price is 106,697 US dollars, and the liquidation price is 111,040 US dollars. Short 6,948 ETH with 25x leverage, valued at 17.86 million US

On July 3rd, OpenAI officially issued a statement, denying Robinhood's authorization to launch related tokenized stocks. The so-called "OpenAI Token" is not company equity, and OpenAI has not established any partnership or endorsed any project with Robinhood. OpenAI emphasized that any transfer involving company equity must obtain official approval, and currently, the company has not approved any such transactions. It is urging the public to remain vigilant. Previously, Robinhood stated that Robinhood EU has launched the world's first batch of tokenized stocks for private companies, including OpenAI and SpaceX tokens. Robinhood EU is giving away the first batch of private company stock tokens for OpenAI and SpaceX for free. If you are a Robinhood EU user and eligible, you can claim the tokens within the app.

On July 3rd, as reported by TheBlock, it is said that the Trump family has made approximately $620 million from cryptocurrency projects in recent months, which accounts for nearly 10% of the Trump family's $6.4 billion net worth. The Trump family received around $390 million from the token sale of World Liberty, $150 million from the launch of Trump Meme Coin, and additional profits from other cryptocurrency projects. This seems to be the first public disclosure of multiple cryptocurrency projects involving the Trump family, ranging from meme coins to Bitcoin mining operations. The Trump family and its partners hold a 20% stake in the mining company American Bitcoin, which is anticipated to go public through a merger with Gryphon Digital Mining. Trump's earliest cryptocurrency projects included a series of NFT cards. In 2022, he launched his first NFT collectibles, offering 45,000 on-chain collectibles, with each token priced at $99. By the fourth series launched in 2024, Trump disclo

July 3rd: As per Cointelegraph, the German listed company Heidelberger Beteiligungsholding AG (stock code: IPOK) declared that it has initiated a strategic increase in the holdings of the SQD token and is slated to be renamed SQD.AI Strategies AG shortly. In the fiscal year 2025, the company intends to raise up to 50 million euros for the acquisition, holding, and staking of SQD tokens. The Subsquid (SQD) Network is a decentralized data lake and query engine.

On July 3rd, according to HTX market data, this morning Bitcoin exceeded $109,000 and is currently trading at $108,911. Ethereum surpassed $2,600 and is currently trading at $2,581.