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Ego Death Capital's Second Fund Completes $100 Million Raise, Focused on Supporting Bitcoin Ecosystem Company Expansion

6 hours ago

On July 8th, as per Axios, the second fund of Ego Death Capital has managed to raise $100 million. This fund is focused on providing support for the expansion of companies within the Bitcoin ecosystem. Typical target companies of this fund have annual revenues ranging between $1 million and $3 million. However, due to the limited funds available, their growth has been restricted. This new fund will mainly concentrate on the Series A funding stage, assisting proven companies in their scaling-up process. Additionally, a small portion of funds will be set aside for early-stage projects that show promising prospects (seed round) investment.
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SharpLink Gaming has accumulated $5.362 billion worth of Ethereum.

On July 9th, according to Arkham's disclosure, SharpLink Gaming has currently amassed more than $5 billion worth of Ethereum. The company currently holds a total of $5.362 billion worth of ETH and stakes it on two major platforms, Liquid Collective and Figment: · $4.7 billion worth of ETH is staked in the form of lsETH on Liquid Collective; · In addition, they have also sent 25,312 ETH to Figment validators for staking. Currently, this is valued at approximately $66.19 million (this portion is not included in the main entity disclosure and does not include staking rewards).

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U.S. Secretary of Commerce: Expecting to Send Out 15 to 20 Trade Notices in the Next Two Days

On July 9th, the U.S. Commerce Secretary Raimondo declared that a large number of countries have put forward the proposal to open their markets. "I anticipate sending out 15 to 20 trade letters within the next two days." Trump aims to impose a 50% tariff on copper in order to bring copper production back to the domestic market.

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In the last 1 hour, the entire network has witnessed a liquidation of $86.4389 million, with the largest single liquidation being a short position.

On July 9th, according to Coinglass data, within the past 1 hour, the total liquidation across the network reached $86.4389 million. The long liquidations amounted to $26.9753 million, while the short liquidations totaled $59.4636 million.

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PNUT posts nearly 6% short-term gain, reaching a market capitalization of $2.19 billion

On July 9th, perhaps due to the "Musk mentioning Peanut in a tweet" news, PNUT saw a brief surge of nearly 6%, with its market capitalization reaching $219 million.

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Trump: Powell Should 'Resign Immediately' If He Misled Congress

July 9th. On Tuesday, US President Trump stated at a cabinet meeting that if the allegations regarding the Fed Chair Powell's misleading of Congress regarding the renovation project at the Federal Reserve headquarters are accurate, the Fed Chair should "resign immediately." Trump once again criticized Powell, referring to him as "terrible." He told reporters that deceiving Congress would be a sufficient reason for immediate resignation. "Then he should resign immediately," Trump said. "We need someone who will lower interest rates." Trump continued to criticize Powell's policy of keeping interest rates unchanged. Last month, he even stated that he would select a successor who supports rate cuts. Previously, the media exposed cost overruns and luxurious upgrades in the renovation project of the Federal Reserve headquarters. Powell recently refuted these reports during a Senate hearing, stating that they were "misleading and inaccurate in many aspects." (Golden Finance)

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Trump Plans to Impose 50% Tariffs on Imported Copper, Prompting a Sharp Rise in Copper Prices

On July 9th. During a cabinet meeting held on Tuesday, U.S. President Trump informed reporters that there are more trade agreements on the horizon, specifically in the form of letters stipulating unilateral tax rates by the United States. "These agreements are essentially me making requests to them," Trump said. "The numbers we have determined are both low and fair." Trump further added that the U.S. will impose a 50% new tariff on imported copper. "Today, we are focusing on copper. I believe we will set the copper tariff at 50%." In response, New York copper futures surged, with an intraday gain expanding to 17% at one point. Moreover, Trump stated that the U.S. will soon impose tariffs of up to 200% on drugs. However, before the tariffs come into effect, companies will have a period of one and a half years to adjust their supply chains. Trump also mentioned that he will soon announce tariffs on semiconductors, but he did not specify the tariff level or the date. (Golden Finance)

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