Australian Crypto Billionaire Kidnapped, Bites Off Kidnapper's Finger to Escape

July 3rd. According to Securities Times, Gan Tian, the CEO of Huaxia Fund (Hong Kong), stated that the stablecoin business is currently in a crucial stage of transitioning from policy implementation to scene experimentation. It is entering a critical point where "basic rules are established and application scenarios are ready to explode." He believes that the Hong Kong Web3 ecosystem is embracing new development opportunities and is demonstrating strong growth momentum. Gan Tian revealed that Huaxia Fund is also participating in the stablecoin sandbox testing initiated by the Hong Kong Monetary Authority and is exploring an integrated application of payment, subscription and redemption, and asset management. He pointed out that in the future, whoever can first establish a closed loop of "compliance + implementation + asset connection" will have the opportunity to become a market leader. Regarding Hong Kong's released Policy Manifesto 2.0, Gan Tian praised it for demonstrating a deeper

On July 3rd, according to on-chain analyst Ai Yi (@ai_9684xtpa), the address 0x208...5b971 was observed to have purchased 1406 ETH on-chain. The average price per ETH was $2592.47 one hour ago, with a total amount of $3.645 million. This address has carried out 3 swing trades in the past month. Currently, it has a record of 2 wins and 1 loss, resulting in a total loss of $198,000.

On July 3rd, HTX Researcher Chloe (@ChloeTalk1) pointed out in the DeepThink column that recently Bitcoin surged to $109,500. This was mainly driven by a 10% increase in the futures market open interest (OI) to $3.2 billion, with a significant inflow of long funds, which revitalized market momentum. On a macro level, the U.S. "mini non-farm" ADP data unexpectedly decreased by 33,000. This pushed the July rate cut probability to 27.4%, and the 25BP rate cut probability in September to 64%-72%. The options market Put/Call ratio rose to 0.72. There is a key support level at $104,000 and a short-term resistance at $114,000. Chloe pointed out that the market is currently playing out two scenarios. If the non-farm data continues to be weak, it may trigger a new round of Bitcoin rally. Conversely, if the data is strong, it may lead to a technical pullback. The current market is in a sensitive period of directional selection.

On July 3rd, analyst Carmelo Alemán referred to CryptoQuant data, which showed that strictly filtered whale addresses (excluding exchange addresses and with a historical outflow close to zero) held more than 22.7465 million ETH on June 30th. This was a sharp 35.97% increase from 16.7281 million ETH at the beginning of the month. These addresses had a net inflow of 6.0184 million ETH during the month, setting a record for the highest monthly accumulation. As of July 1st, the average cost basis for these addresses was $2114.70, resulting in a realized 21.29% unrealized gain based on the current price of $2565. In addition, Ethereum's liquidity staking amount in June increased from 34.546 million ETH to 35.526 million ETH, with a net increase of nearly a million ETH in a single month (a 2.83% increase). On July 1st, it reached a new all-time high of 35.564 million ETH. The analysis pointed out that whale addresses are mainly owned by institutional investors, ETF funds, and large holders.

On July 3rd, Speaker of the U.S. House of Representatives Johnson announced that at 8:00 PM Beijing time this evening, the House will conduct a final vote on the "Build Back Better Act." (FX168)

July 3rd. According to an official announcement, Gate will commence ICNT perpetual contract trading (settled in USDT) at 21:00 (UTC+8) on July 3rd and support leverage ranging from 1 to 50x.