DWF Labs Responds to "Stablecoin USDF Temporary Depegging": Reserves Overcollateralization Ratio at 116%

On July 8th, as per the monitoring of Onchain Lens, the "Insider Trader" @qwatio has once again undergone partial liquidation. Up to now, his 40x leverage short position in BTC and his 25x leverage short position in ETH have collectively lost a sum of $17.11 million.

On July 8th, as reported by The Block, Upexi is a company that has integrated Solana into its corporate treasury assets. The company indicated that as of the end of June, its holdings of SOL amounted to 735,692 coins, representing an 8.2% increase compared to May. Since investors submitted applications to sell off millions of shares, Upexi's stock price has declined by approximately 60% and has been remaining below $4 per share ever since. Last month, the stock briefly soared to over $15 but then retreated. Upexi is one of the few companies trying to replicate Strategy's successful treasury strategy centered around Bitcoin while focusing on alternative coins like Solana. As the Bitcoin price rises, Strategy's stock price has witnessed a significant increase. Other companies following a Solana accumulation strategy include DeFi Dev Corp and SOL Strategies in Canada.

On July 8th, based on LookOnChain's monitoring, a whale that had spent 4.53 million USDC to purchase FARTCOIN three days prior has just sold the entire amount within the past 30 minutes. In return, it only received 3.9 million USDC, resulting in a loss of up to $63.1k.

On July 8th, as reported by The Block, KULR Technology Group announced that it has entered into a $20 million credit agreement with Coinbase Global, Inc.'s subsidiary, Coinbase Credit, Inc. KULR Technology Group intends to utilize the net proceeds from this revolving credit facility to back its strategic Bitcoin accumulation objectives.

On July 8th, as per an official announcement, Coinbase Institutional declared that it would offer cryptocurrency custody and comprehensive service support for ReserveOne. The Coinbase Prime service will integrate deep liquidity, stable financing solutions, and secure custody functions to provide on-chain strategic support for institutional clients.

On July 8th, based on the monitoring of LookOnChain, a wallet linked to Cumberland withdrew 13,100 ETH from Binance 4 hours ago. The value of this withdrawal is approximately $33.58 million.