Bitcoin Volatility Falls to 1.59%

On July 1st, according to BitcoinMagazine, South Africa's state-owned electricity company, Eskom, is going to explore the entry into the Bitcoin mining field.

On July 1st, as per TheBlock, Matt Hougan, the Chief Investment Officer of Bitwise, declared that Bitwise has a target price of $200,000 for Bitcoin by 2025. Nevertheless, he is not highly confident that ETH and SOL can reach new highs this year. Matt Hougan and Ryan Rasmussen, the Research Director, stated in a client report: "This year, the prices of cryptocurrencies have been fluctuating. They have benefited from strong inflows into ETFs, the increased demand for Bitcoin fund management companies, and the potential establishment of a strategic U.S. Bitcoin reserve. The price of Bitcoin reached an all-time high in May. However, both Ethereum and Solana have witnessed declines so far this year, and macro risks are impeding the accelerated progress of the bull market."

On July 1st, during pre-market trading, Robinhood (HOOD) initially surged by more than 4% and then retreated. Currently, the gain has narrowed to 0.93%, and the stock price is now trading at $94.55. Robinhood previously announced the launch of a tokenized stock product based on Arbitrum and will be constructing an RWA-specific Layer 2 network.

On July 1st, Citigroup announced that the valuation of Circle is reasonable. It initiated coverage with a buy rating and set a price target of $243 for Circle's stock, indicating approximately a 34% increase from yesterday's closing price of $181.

On July 1st, according to EmberCN's monitoring, Whale @qwatio added $50 million to its short position an hour ago. It reopened a position that was liquidated with a $50 million loss yesterday. Current position: Short 1400 BTC with 40x leverage, worth $149 million. The entry price is $106,706 and the liquidation price is $109,863. Short 40,000 ETH with 25x leverage, worth $97.57 million. The entry price is $2,453 and the liquidation price is $2,562.

July 1st: Since the launch of the Bombie ecosystem game Capybobo staking event, more than 48% of the BOMB tokens have been staked, which demonstrates strong community confidence. In order to further incentivize users, Capybobo has simultaneously launched a $1 million staking rewards plan. All users participating in staking will receive hourly returns in USDT. The annualized return rate exceeds 20,000%, and they have the ability to increase their Q3 airdrop weighting. Meanwhile, Capybobo has announced an upgrade to the referral mechanism and established an additional $100,000 referral reward pool. For each successfully invited friend who stakes, users will receive a rebate of 0.1 USDT for every $1 USDT staked by the invitee. In addition, they will also receive 10% of the CAPY rewards earned by the friend through staking and in-game activities.