PUMP's Unfilled Liquidation in Hyperliquid's Pre-market has reached $152 million, with a negative funding rate

On July 12th, based on the relevant page, it is suspected that James Wynn has deactivated their X account.

On July 12th, "Fed's Whisperer" Nick Timiraos stated that it is not anticipated that the Federal Reserve will cut interest rates during its meeting later this month. Nevertheless, Powell has hinted that a rate cut may be feasible later this year if inflation progresses favorably or the labor market weakens. Trump aspires to reduce the debt-servicing costs of the federal deficit, and his tax cuts have the potential to widen the federal deficit. However, except in extreme situations such as war, central banks in developed economies would resist such pressure. They hold the view that maintaining stable inflation is of great significance in preserving people's confidence in the national currency.

On July 12th, as per the data from DefiLlama, the present total market value of stablecoins across all networks is stated to be $257.51 billion, showing a 1.06% increase over the past 7 days. USDT holds a market share of 62.13%, which has witnessed a consecutive two-week decline. In the past week, the circulating supply of USDC has increased by 2.12% and currently stands at $63.117 billion.

On July 12th, according to Ashes Monitor, the "Insider Trader" @qwatio has just redeemed 10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting. Currently, a short position with a value of 232 million US dollars has been opened: Short 1273 BTC with a 40x leverage, worth 150 million US dollars, with an entry price of $117,828 and a liquidation price of $122,789; Short 27,700 ETH with a 25x leverage, worth 82.42 million US dollars, with an entry price of $2,966 and a liquidation price of $3,196.

On July 12th, the Digital Asset Policy Advisor at the White House, Bo Hine, stated in a post on the X Platform that an important week is about to arrive. From July 14th to July 20th will be the "Crypto Week" of the House of Representatives. The GENIUS Act will be submitted to the desk of President Trump of the United States, and the CLARITY Act will be sent to the Senate. The "Crypto Week" will strengthen the United States' role as the global hub for cryptocurrency.

On July 12th, according to Hyperliquid Market, the pre-surge price of PUMP rose to $0.0059, and it increased by 8.27% in the past hour. Moreover, on Binance, PUMP was pre-quoted at $0.005547.