Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

Tether is preparing to issue USDT natively on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercial issuance and distribution. This marks USDT’s return to the Bitcoin mainchain years after its first launch on Bitcoin via the Omni protocol in 2014. Viktor Ihnatiuk, co-founder of UTEXO, stated that the company has secured Tether’s support to advance the launch of Bitcoin-native USDT. The RGB protocol adopts client-side validation and integrates with the Lightning Network, enabling USDT to achieve instant, low-cost, private transactions while inheriting Bitcoin’s UTXO security model. Users will be able to hold USDT directly via native Bitcoin addresses and send/receive it through RGB-enabled Lightning Network wallets, without relying on other public chains or intermediary service providers. Compared to current USDT’s primary circulation on account-model networks like TRON and Ethereum, RGB leverages the UTXO model to natively support one-time addresses and combines with the Lightning Network for off-chain payments, effectively enhancing transaction privacy. Additionally, UTEXO has deep integration with Tether to reduce intermediary fees and data collection, and users can also convert USDT across different public chains at low cost via its already launched cross-chain bridge.

According to Hyperinsight monitoring, during today’s sharp decline in South Korean semiconductor stocks, long positions of SK Hynix (SKHX) on Hyperliquid were subject to concentrated liquidations, with the address starting with 0x4b2 emerging as one of the largest liquidation targets in this round. The whale had opened 2,000 SKHX long positions at around $1,620 starting on the evening of July 5, totaling approximately $3.24 million in size. Between 9:00 and 13:00 today, it suffered a total of 5 liquidations of SKHX long positions, cleared in batches at prices ranging from $1,454.1 to $1,382.7, amounting to 1,344.64 contracts with a nominal value of about $1.916 million, resulting in a loss of $271,000. As of press time, the address has added new positions, holding 1,152.758 SKHX long positions with a nominal size of roughly $1.656 million, and its next liquidation threshold stands at $1,388.56. HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an administrator (enable the send messages permission) to automatically sync on-chain information.

Despite Bitcoin’s price having pulled back roughly 54% from its near-$125,000 peak in October 2025, Bernstein has maintained its year-end target price of $150,000. The firm notes that this cycle’s pullback is significantly smaller than the 75% to 90% declines typical in the final stages of historical cycles, signaling a notable shift in market structure. Against the backdrop of current weak market sentiment, the clear target price set by the Wall Street firm can serve as a price anchor for the market, while the historical pullback framework helps traders assess risks. If this cycle aligns with historical trends, the market could still see further declines, though the firm’s outlook for a subsequent recovery remains noteworthy. Bernstein points out that the October 2025 near-$125,000 peak remains a key reference resistance level; calculated based on a historical 75% pullback, the corresponding price is roughly $31,000, viewed as a critical zone. Going forward, focus will center on whether Bitcoin spot ETF inflows and spot demand rebound, a key signal to determine if the market enters a recovery phase.

According to Lookonchain’s monitoring, a whale has opened a short position of 3,753.56 SNDK on Aster DEX, with the position valued at approximately $6.27 million and using 10x leverage. The position has currently posted an unrealized profit of around $116,000, yielding a return rate of 18.53%.

Someone opened a 10x short on 3,753.56 $SNDK ($6.27M) on @Aster_DEX and is now up $116K (+18.53%).

According to HTX market data, ICNT surged 10.77% in a short period, driven by news of its listing on Bithumb’s KRW market, and is now trading at $0.1977.