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7/21
22:36
Svmuu News: According to Lookonchain’s monitoring, since June 30, the whale address 0x2684 has cumulatively purchased 54,449 ETH (approximately $94 million) at an average cost of $1,726; At the same time, it has accumulated 600 WBTC (approximately $38.37 million) at an average cost of $63,950. Based on current prices, the address’s unrealized gains now exceed $12.5 million.
22:33
Svmuu News: Torab, CEO of Move Industries, posted on X stating that Move Industries is the development team behind the Movement ecosystem and has no affiliation with Movement Labs, which has filed for bankruptcy; therefore, Move Industries is not involved in the bankruptcy case. Torab noted that Movement is now a global fintech company with live, licensed stablecoin payment channels designed to bridge the gap between existing methods of fund transfer and the ideal model. He revealed that he had just returned from a trip to East Africa, during which he discussed stablecoin adoption with the Central Bank of Ethiopia. In related news, Movement Labs filed for bankruptcy, with the $1.6 million claim by its ousted founder representing the largest creditor claim.
22:25
Svmuu News: Bernstein analyst Gautam Chhugani wrote in a report on Robinhood that the platform’s prediction market revenue is expected to exceed that of its cryptocurrency trading business as early as the second quarter of this year; By 2028, Robinhood’s annual revenue from its prediction markets business is projected to approach $2 billion.
In addition, Bernstein has raised its price target for HOOD from $130 to $160.
22:25
Svmuu News, July 22: According to data from SoSoValue, the crypto market continued its upward trend, with Bitcoin (BTC) rising 1.83% and briefly approaching $67,000; Ethereum (ETH) rose 1.38%, breaking through the $1,900 mark. Meanwhile, the SocialFi and RWA sectors performed exceptionally well, rising 6.15% and 5.85% over the past 24 hours, respectively. Within the SocialFi sector, Gram (GRAM) rose 6.89%; In the RWA sector, Ondo Finance (ONDO) rose 11.68%, Centrifuge (CFG) rose 6.25%, and Plume (PLUME) and RE rose 8.20% and 12.04%, respectively.
In other sectors, the PayFi sector rose 2.24% over the past 24 hours, with Monero (XMR) up 6.24%; the Meme sector rose 0.80%, with SPX6900 (SPX) up 4.94%; the Layer 2 sector rose 0.62%, with Optimism (OP) up 5.02%; the Layer 1 sector rose 0.33%, with Hedera (HBAR) up 4.87%; The CeFi sector rose 0.32%, with Bitget Token (BGB) up 2.53%.
Additionally, the DeFi sector fell 2.54%, but ZeroLend (ZERO) bucked the trend, rising 50.73%.
The crypto sector indices, which reflect historical sector performance, showed that the ssiSocialFi, ssiRWA, and ssiPayFi indices rose by 6.22%, 5.44%, and 2.39%, respectively.
The crypto market continues to rise, with BTC approaching $67,000; only the DeFi sector is down
22:18
Svmuu News: Brian Armstrong, CEO of Coinbase, said in an interview with CNBC that the U.S. Congress should move to pass the Clarity Act as soon as possible. Armstrong stated, “If the Clarity Act is not passed, Coinbase may have to reconsider its overseas business strategy.”
22:18
Svmuu News: The combined daily trading volume of South Korea’s five largest won-denominated virtual asset exchanges totaled approximately 412.7 billion won, down 88% from a year ago. The global total market capitalization of virtual assets simultaneously shrank by 41% to $2.322 trillion.Dunamu, a leader in South Korea’s crypto industry, saw its first-quarter revenue and operating profit decline by 55% and 78%, respectively, compared to the same period last year. Smaller and medium-sized exchanges are facing even tougher conditions; Coinone, Korbit, and Gopax—which already recorded operating losses last year—are expected to continue posting losses this year.Korbit has sold off its holdings three times this year, offloading 15 Bitcoin and 60 Ethereum within a 10-day period this month, raising approximately 1.6 billion won in cash. A director at Tiger Research stated that the current situation can be viewed as a “second crypto winter,” with the total crypto market capitalization shrinking significantly and virtually no new projects emerging.
22:08
Svmuu News: Eric Conner, a former core developer at Ethereum and angel investor, posted on X stating that if the CLARITY Act is ultimately passed, Lighter could emerge as the biggest winner.While most other projects are based overseas, Lighter has chosen to register in the United States and is currently applying for a CFTC (U.S. Commodity Futures Trading Commission) license; its founder has also joined the CFTC’s advisory committee. This bill essentially serves as a direct endorsement of their entire strategic approach.
22:07
Svmuu News: A user fell victim to a phishing attack 183 days ago after signing a malicious Permit transaction, resulting in a loss of approximately 1,625 USDC. The user failed to revoke the relevant authorization afterward, leading to a subsequent theft of approximately 75,780 USDC.
22:02
Svmuu News: According to U.S. Federal Election Commission filings, on June 19, the Winklevoss brothers donated approximately $10,018,000 in “Bitcoin” to MAGA Inc., a super PAC affiliated with “Donald Trump.”This donation occurred 23 days after the CFTC announced it was joining Gemini’s application to seek an exemption from certain provisions of the 2025 ruling. The filings show that the committee sold the donated Bitcoin through Gemini.The CFTC had previously stated that, under current enforcement standards, a complaint against Gemini would not be filed, citing that Gemini itself was a victim of fraud and noting changes in federal digital asset policy. Both parties have petitioned the court to lift the permanent injunction, but the $5 million fine already paid by Gemini will not be refunded.
21:54
Svmuu News: ORO, a developer of AI shopping bots, disclosed that it suffered losses of approximately $630,000 due to a suspected cyberattack by North Korean hackers. The attackers sent ORO employees fake Microsoft Teams links via compromised Telegram accounts, tricking them into installing a malicious extension. After stealing data for nearly a month, they stole 147,000 Alpha tokens on July 13. ORO is highly confident that the attack originated from the North Korean hacking group Sapphire Sleet. ORO also acknowledged its own security lapses: due to the Bittensor protocol’s insufficient support for hardware wallets, the company temporarily stored owner keys in software wallets—a violation of its internal “hardware wallet first” policy—which led to the keys being stolen from the compromised computer.
21:54
Svmuu News: Crypto journalist Eleanor Terrett posted on X stating that Democratic Senator Angela Alsobrooks has told her that the White House’s proposal to have the U.S. Department of Justice (DOJ) enforce the ethics provisions of the Clarity Act is an “unserious offer,” and that she would not support the bill if this were to become the sole enforcement mechanism.
Alsobrooks also said, “But we will continue to work from this foundation to reach an agreement that holds all parties accountable.”
Alsobrooks was one of two Democratic senators who voted in May to advance the Clarity Act through the Senate Banking Committee. She had previously stated that her continued support for the bill would depend on whether the final text included strong ethical safeguards.
Currently, both parties are discussing the Clarity Act on Capitol Hill, and ethical issues are seen as the final obstacle to a compromise between the two sides.
21:51
Svmuu News: According to data from MSX.COM, the Southern Double Long Hynix (07709.HK) rose more than 14%, and the Southern Double Long Samsung Electronics (07747.HK) rose more than 11%.
21:45
Svmuu News: OpenAI CEO Sam Altman plans to present the company’s next-generation AI models to the Donald Trump administration and U.S. lawmakers next week. Chris Lehane, OpenAI’s head of global public affairs, said U.S. officials are developing a safety assessment framework for cutting-edge AI systems, which is expected to be finalized in the coming weeks.Altman’s meeting will focus on OpenAI’s new model series and its impact on the workforce.
Lehane noted that the U.S. needs to develop a more comprehensive AI strategy to counter competition from China and establish unified safety assessment standards for AI models. (Bloomberg)
21:39
Svmuu News: According to data from MSX.COM, Hong Kong-listed large-model stocks opened higher but closed lower, with Zhipu (02513.HK) falling more than 3% and MINIMAX-W (00100.HK) dropping more than 4%.
21:31
Svmuu News: According to data from MSX.COM, Hong Kong-listed storage-related stocks opened higher across the board; the Southern Double Leveraged Long Hynix ETF rose nearly 15%, while the Southern Double Leveraged Long Samsung Electronics ETF gained over 10%.
21:29
1. Profits of $6.019 million; the "whale" who "set 10 major goals" has closed out their position;
2. Movement Labs files for Chapter 11 bankruptcy protection; the company had previously come under scrutiny for the rapid sale of 66 million MOVE tokens;
3. Weekly vessel traffic through the Strait of Hormuz has dropped by nearly 50%, with Brent crude nearing $92 per barrel;
4. With SpaceX’s earnings report approaching, short positions total $25 billion;
5. Profit of $18.8 million; Multicoin Capital suspected of selling 607,000 HYPE tokens;
6. Semiconductor stocks face several key events in the next two weeks, with AI capital expenditures taking center stage;
7. Analysis: Short positions in U.S. stocks have risen to high levels, with the S&P 500 short ratio nearing its highest level since 2010;
8. Data: Robinhood Chain has risen to first place in developer activity rankings;
9. The percentage of U.S. “Bitcoin” holders now exceeds that of gold holders.
21:28
Svmuu News: According to Gate data, Brent crude oil rose to $90 per barrel, hitting its highest level since June 11, with a daily gain of 0.73%. WTI crude oil extended its daily gains to 1.00% and is currently trading at $85.87 per barrel.
21:26
Svmuu News: trade.xyz posted on the X platform stating that GIGADEVICE is now live, supporting 10x leverage and 24/7 trading.
GIGADEV tracks the value of one Class A share of GigaDevice Semiconductor Inc., listed on the Shanghai Stock Exchange under ticker symbol 603986. This oracle converts the CNH price of the underlying stock into U.S. dollars based on the current USD/CNH exchange rate.
According to the description, GigaDevice is a Beijing-based fabless semiconductor manufacturer and a global leader in the NOR flash memory sector, which also produces specialized DRAM, microcontrollers, and analog chips.
21:25
Svmuu News Coinbase Eric Richmond, Managing Director for Canada, stated that Coinbase is committed to building an “all-in-one exchange” in Canada, offering users trading services for cryptocurrencies, tokenized stocks, and prediction markets.Eric Richmond noted that blockchain technology enables seamless, round-the-clock trading, breaking down the time and access barriers associated with traditional banks and stock markets. Coinbase is working with Canadian regulators to bring this plan to fruition. Previously, Coinbase had already been offering prediction markets and stock trading services in the United States and has been continuously expanding its business reach.
21:24
Svmuu News: U.S. Treasury Secretary Scott Bessent stated that lawmakers are in the final stretch of work on the Clarity Act and urged Congress to pass the bill before the recess.

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