US Stock Market: HOOD Pre-market Down by About 2%, Earlier OpenAI Denied Any Association with Robinhood Coin

July 3, 2025 - On Thursday, July 03, 2025, the Wall Street Fear and Greed Index (US Session) ascended to the extremely greedy area, achieving this for the first time since March 2024. (FXStreet)

On July 3rd, the President of the Boston Fed stated that the US might be moving towards a period of higher inflation. (Kinetic)

On July 3rd, Backpack officially announced on social media that "today all hodlers will receive double loyalty point rewards. For users who have encountered unexpected losses during the maintenance period, please send an email to the official Backpack mailbox, and we will provide compensation after investigation and confirmation."

On July 3rd, U.S. Senator Cynthia Lummis introduced a comprehensive digital asset tax bill today. This has achieved several key victories for the crypto industry and is striving to create a level playing field for all American digital asset users. Cynthia Lummis stated, "To maintain America's competitive edge, we must reform the tax law to adapt to the digital economy instead of burdening digital asset users. Public input on this legislation is welcome as we aim to present it to the President's desk soon." According to the Joint Committee on Taxation, it is estimated that the bill will generate approximately $600 million in net revenue between fiscal years 2025 and 2034. The bill proposes reforms to various digital asset tax issues, including: · Exemption of small transactions from tax: Establish a $300 de minimis rule. · Elimination of double taxation for miners and stakers. · Tax parity between digital assets and traditional financial assets (such as lending, wash sales, mark-to-

On July 3rd, Coindesk analyst Oliver Knight pointed out that although the trading price of Bitcoin exceeded $110,000 and was approaching its all-time high, traders still demonstrated bearish sentiment. The long/short ratio decreased significantly from 1.223 (favoring longs) to 0.858 (favoring shorts). The data indicates that the open short positions have increased from $32 billion to $35 billion, suggesting an inflow of funds into bearish positions and a lack of confidence in Bitcoin's continuous upward trend. Currently, Bitcoin is still fluctuating between $100,000 and $110,000. Technical indicators such as the RSI show bearish divergence. Traders in this range are using short-term strategies for arbitrage. With the increase in short positions, there is also a potential bullish situation in the market: a short squeeze. If Bitcoin breaks above its all-time high and triggers forced liquidation points and stop-loss orders for shorts, it could quickly increase buying pressure and furthe

On July 3rd, based on market data, the stock price of Bitmine Immersion (BMNR) in the US has witnessed a 121.98% increase. It is currently trading at $129.86, with a weekly gain exceeding 2944%. Bitmine Immersion (BMNR) previously announced the completion of a $250 million large-scale private placement. The raised funds will mainly be used to increase their holdings of Ethereum and are intended to be used as a core reserve asset. Meanwhile, they will continue to maintain their core Bitcoin mining business.