「Insider Trader」 @qwatio's short position has been liquidated once again, with this short now losing $15.48 million

July 7th. In Hong Kong, China, the "Stablecoin Regulation" is set to come into effect in August. The Financial Secretary of Hong Kong, Paul Chan, stated that the Hong Kong Monetary Authority is currently consulting the market regarding the implementation of this regulation. The guidelines for this regulation will be published within this month, and the specific content will include anti-money laundering and other related requirements. He also indicated that the number of stablecoin licenses to be issued will be in the single digits. He hopes to receive applications after the regulation takes effect and aims to issue licenses within this year. As for whether financial institutions that obtain licenses will be able to issue stablecoins pegged to the Chinese Yuan, he said that if it involves the currency of another jurisdiction, it will require discussions with the relevant authorities. (Ming Pao)

July 7th. On Sunday in local time, U.S. President Trump expressed that it is absurd for Elon Musk to establish a new U.S. political party, which could aggravate chaos. Trump told reporters before boarding Air Force One in New Jersey: "I consider the formation of a third party to be absurd. Establishing a third party will only bring more chaos. He can have a great deal of fun with it, but I think it is ridiculous." (FXStreet)

On July 7th, as monitored by Onchain Lens, 6 hours ago, a whale transferred 419,736 UNI out of OKX, with a value of $3.1 million.
In the past 3 days, the whale has withdrawn a total of 619,836 UNI from OKX, with a value of $4.6 million.

On July 7th, Musk responded to a community user on the X platform and said, "It is not true that the 'American Party' has submitted registration documents to the Federal Election Commission (FEC). The relevant situation has been reported to the Federal Election Commission (FEC)."

On July 7th, based on market data, Tesla's US stock witnessed a decline of over 6% in after-hours trading. Previously, Musk announced the founding of the American Party on social media.

On July 7th, according to the data from Coinmarketcap, the Altcoin Season Index is presently at 27, which is higher than the low of 15 on June 22nd. This index shows that among the top 100 cryptocurrencies by market capitalization, approximately 27 projects have outperformed Bitcoin in the past 90 days. Note: The CMC Cryptocurrency Altseason Index is a real-time indicator employed to determine whether the cryptocurrency market is currently in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.