Bitwise’s Chief Investment Officer (CIO) stated that if the Clarity Act fails to pass this week, the crypto market may see a dip followed by a rally, with a rebound coming in the fall.

According to Yuqing Monitoring, the whale who leveraged to short 1,600 BTC (valued at $102 million) two days ago has suffered another heavy blow. After BTC recently rebounded to $65,300, the whale was stopped out of an additional 500 BTC (worth $32.6 million). He opened the short position with $2.44 million in capital on the morning of two days ago, and now only has $900,000 left, losing $1.54 million. Of his original 1,600 BTC short position (valued at $102 million), 700 BTC was liquidated due to the rebound, leaving him with 900 BTC in short positions (valued at $58.66 million).

Whale "First Set 10 Big Goals" referenced his July 20 market outlook, calling the current market the "last chance to get on board". On that same date, the whale argued that shorting the market is too low-cost-effective, noting the market has already formed a phased bottom. He added he has a hunch Bitcoin is about to break out and launch a new uptrend, warning against missing the entry signal. Just now, the whale showcased gains from his recent Bitcoin long positions: the attached chart shows he opened long orders below $64,000, with unrealized profits surpassing $4 million.

According to official announcements, USDC has been natively deployed on X Layer, and OKX Wallet has simultaneously rolled out support for X Layer’s native USDC. Users can send, receive, pay with, and conduct on-chain transactions using USDC directly within OKX Wallet, while 1:1 non-loss cross-chain transfers via CCTP further boost cross-chain fund flow efficiency. Additionally, X Layer’s native USDC can directly interact with on-chain applications such as DeFi in the X Layer ecosystem, enabling seamless asset transfers across multi-chain environments for users.

Bitcoin rallied around the release of today's non-farm payroll (NFP) data. The whale going by the alias "Set 10 Big Targets" has showcased gains from his recent Bitcoin long positions; attached screenshots show he opened positions below $64,000, with unrealized profits exceeding $4 million.

US July non-farm payrolls posted an unexpected decline, prompting traders to trim bets on Federal Reserve interest rate hikes, while US stocks opened broadly higher. The Nasdaq rose 0.77% at the open, the S&P 500 gained 0.33%, and the Dow added 0.10%. According to market data from BIT (bit.com), some storage concept stocks advanced at the open, with SanDisk up over 3%. Optical communication concept stocks rallied broadly: optical module manufacturer AAOI jumped more than 7%, with the company forecasting its production capacity will expand 10-fold in two years, and its 1.6T products could secure major customer certification in as little as two weeks; Coherent rose over 9%. Among chip stocks, SK Hynix fell 1.64% while Micron gained 1.19%. Storage stocks and neocloud-related stocks mostly rose in tandem, with SNDK up 3.21% and NBIS up 1.16%. Additionally, Cloudflare climbed 11.5% to hit a record high, after the firm raised its annual revenue forecast earlier.

The 1600BTC-short trader closed another 500 $BTC ($32.58M) to avoid liquidation. The total loss has now exceeded $1.5M. Current position: 900 $BTC($58.6M) New liquidation price: $64,998.73