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《Crypto Market Structure Bill》 Draft Discussion to Be Postponed Until Next Week

9 hours ago

On July 10th, as per crypto reporter Eleanor Terrett, the U.S. Senate Banking Committee intends to postpone the deliberation of the "Crypto Market Structure Act" draft until next week. Originally, the target was this week. Meanwhile, the House Financial Services Committee has rearranged the hearing on establishing the "21st Century Cryptocurrency Taxation Policy Framework" to next Wednesday (16th), which aligns with "Crypto Week". The originally scheduled full committee hearing on the crypto market structure had confirmed participants including: Brad Garlinghouse, the CEO of Ripple; Kristin Smith, the CEO of the Blockchain Association; Jonathan Levin, the CEO of Chainalysis; Dan Robinson, the General Partner at Paradigm.
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Circle Issues an Additional 250 Million USDC on Solana

Update, on July 11th. Based on on-chain data, the Circle USDC Treasury minted an extra 250 million USDC on the Solana network at 7:53 AM (Beijing time).

6 minutes ago

「Insider Trader」 @qwatio's short position has triggered a full liquidation, resulting in a loss of $17.89 million

On July 11th, as per the monitoring of Onchain Lens, the "Insider Trader" @qwatio's 40x leverage short position in BTC and 25x leverage short position in ETH on Hyperliquid have been liquidated. The single trade loss amounts to up to $17.89 million.

6 minutes ago

Trader AguilaTrades entered a 20x leverage long position on BTC yesterday, currently with an unrealized profit of $20.11 million.

On July 11th, as per on-chain analyst Ai Auntie (@ai_9684xtpa), following trader AguilaTrades reactivating a 20x leveraged long position on BTC, he has expanded his position to 3000.35 BTC within the past day. This position is valued at $347 million and currently holds an unrealized gain of $20.11 million.

6 minutes ago

Pump.fun has announced the official acquisition of the wallet tracking tool Kolscan.

On July 11th, according to official channels, Pump.fun has declared the official acquisition of the wallet tracking tool Kolscan. The specific acquisition amount remains undisclosed. As per the introduction, Kolscan mainly focuses on monitoring the actions of top on-chain traders. It offers real-time transaction dynamics, token profit and loss analysis, and a performance-based leaderboard.

6 minutes ago

Fed's Daly: Considering Interest Rate Cut in the Fall, Expects Two Rate Cuts by 2025

On July 11th, San Francisco Fed President Daly expressed that she still thinks there could be two interest rate cuts this year. She also pointed out that the impact of tariffs on prices might be milder than anticipated. Daly disclosed that some businesses are in the process of negotiating to share the cost of tariffs, thus reducing the proportion passed on to end consumers. She stated that the U.S. economy is in a good state, with economic growth and consumer spending slowing down but not weakening. Inflation is moving closer to the Fed's 2% target. Daly said, "I believe there may be two interest rate cuts, but everyone's expectations have uncertainties, and we are considering implementing the cuts in the fall." (FXStreet)

6 minutes ago

Total Bitcoin Open Interest Across All Exchanges Surpasses $81 Billion, Reaching an All-Time High

On July 11th, according to Coinglass data, the total open interest of Bitcoin futures contracts across the entire network is 701,330 BTC (approximately $81.47 billion), hitting a new all-time high. Among them, the open interest of CME's Bitcoin futures is 154,220 BTC (approximately $17.91 billion), ranking first. The open interest of Binance's Bitcoin futures is 116,840 BTC (approximately $13.57 billion), ranking second.

6 minutes ago

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