Bit Digital's stock price has risen by 13.44% after announcing a sale of BTC to increase its ETH holdings.

On July 8th, a recent research report jointly released by the New York Fed and the San Francisco Fed indicated that although the current short-term borrowing costs are relatively high, the likelihood of the Fed's short-term interest rate target approaching zero again in the next few years still exists. This report, which was co-authored by the President of the New York Fed, Williams, shows that the medium- to long-term risk of the Fed's interest rate target returning to ultra-low levels is "currently at the lower end of the observed range over the past fifteen years." However, the researchers further added that due to the recent increase in uncertainty, the possibility of returning to near-zero interest rates in the medium to long term is "still substantial." (FXStreet)

July 8th: A source from the European Union declared that the EU had not received a letter from the United States regarding the increase in tariffs. (FXStreet)

On July 8th, as per Arkham's monitoring, following the conduction of a $10 test transaction, the US government address has just made a deposit of 86.56 ETH (approximately $219,000) into the Coinbase Prime Deposit address.

On July 8th, according to the monitoring of HyperInsight (accessible via t.me/HyperInsight), the whale trader address starting with 0x5D2F has just taken a 40x leverage on its BTC short position by adding 257.45 BTC, which has increased the position by $26,772,730. The specific position details are as follows: Entry Price: $107,926 Leverage: 40x Position Value: $118,536,791 Position Size: 1,097.47 BTC P&L: -$90,420 Liquidation Price: $115,597

On July 8th, Arkham issued an alert indicating that the U.S. government has deposited $10 worth of ETH into Coinbase for the purpose of testing. The wallet address originally held 100,000 ETH that was seized from Chase Senecal in October 2022.

On July 8th, as monitored by LookOnChain, a whale address beginning with bc1q2q has once more deposited 1200 BTC into Binance within the past 7 hours. This address had previously transferred 1550 BTC to Binance on July 5th.