Bitcoin plunged sharply in nearly 10 minutes ahead of the US stock market’s opening, dropping over 0.6%.

Robinhood Chain ecosystem token issuance platform Memecoin.Fun announced the completion of a $3.5 million strategic financing round. The round was executed via USDG Token, with Becker Ventures leading the investment, and BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen participating. According to the announcement, the funds will be used to accelerate core product and infrastructure development, including Robinhood Chain Launchpad infrastructure, cross-chain bridge functionality development, and the research and operation of the revolutionary Memecoin All-chain Platform.

As Bitcoin fell below $64,000 in the latest downturn, the crypto whale nicknamed "First Set 10 Big Goals" updated its position operations: "This trade is closed with a 2% loss." Earlier, the same whale re-established long positions after taking profits on its short positions, and shared a market view that "Bitcoin may retest $100,000 around March next year."

Galaxy Digital’s Head of Research Alex Thorn has published a note revising the probability of the CLARITY Act being enacted into law by 2026 from the prior 50% to 30%. Thorn highlighted that while the full text of the bill was officially released this Wednesday—totaling 616 pages and 104 provisions—there remains a substantial gap in the required votes. On the Republican side, Senators Hawley and Paul are expected to vote against the legislation, and McConnell has not cast a vote since his June hospitalization, leaving a reliable vote count of roughly 50, well short of the 60-vote threshold needed to overcome a filibuster. For Democrats, the seven senators who previously took part in negotiations jointly stated the current text is "insufficient," specifically opposing two key elements: the ethics provision granting sole enforcement authority to the Department of Justice, and the 2029 sunset clause. Senator Elizabeth Warren went further, declaring the bill "should be rejected outright." On the legislative timeline, Thorn argues the actual deadline for advancing the bill is July 30 (Wednesday), not the Senate’s officially announced recess date of August 7, as the procedural process requires several additional days. He added that if the bill fails to pass the Senate before recess, its chances of being enacted in 2026 will drop sharply.

A mysterious whale (0xf292) keeps adding to a $CXMT short. The whale now holds a 1.44M $CXMT($9.18M) short position, with another $2.55M in $CXMT limit short orders waiting to be filled. Current liquidation price: $15.14

According to Coinglass data, Bitcoin plummeted after 8 PM tonight, briefly falling below $64,000 and currently trading at $64,157.87. As a result, $117 million in liquidations were recorded across the network in the past hour, with $114 million stemming from long positions. Separately, HyperInsight monitoring shows that trader "Ma Ji" urgently closed long positions during the market decline to avoid liquidation. As of press time, he still holds 3,100 ETH in 25x long positions, with a liquidation price of $1,841, which remains 1% away from the current market price.

According to HTX market data, Bitcoin has fallen below $64,000, currently trading at $63,981.00, with a 24-hour decline of 1.51%. Earlier, prominent trader Killa (@KillaXBT) noted, “Binance’s plunge protection team is back. Typically, when large buy orders start lining up just below the price, market makers and algorithms tend to temporarily front-run them.” His screenshot shows multiple horizontal lines appearing below Bitcoin’s current price starting around $62,000, with the densest and most prominent buy wall located near and below $58,000. A similar scenario occurred during the market-wide crash night on June 6.