SEC Approves Conversion of Grayscale Digital Large Cap Fund into ETF

On July 2nd, based on the monitoring of LookOnChain, a wallet with the address 0x859e deposited 35 million H tokens (valued at $2.7 million) into a trading platform 12 hours ago.
In the past 24 hours, the price of H has witnessed a surge of more than 78%. Jump Trading is not only a strategic investor in H but also one of its market makers. On the day of token issuance, Jump received 25 million H tokens and subsequently deposited another 8 million H tokens into the trading platform.

On July 2nd, Trader Eugene shared in his community, saying, "I made some alterations to some of my positions. However, the overall net exposure remains unchanged. I just need to handle the current choppy market conditions." Previously, on June 29th, Trader Eugene posted in his community, stating, "I took long positions on some altcoins. I had a hunch that a significant rise was about to happen. Both trading volume and market sentiment are basically non-existent. Almost everyone I know is staying away from the market. My portfolio includes both consensus plays and contrarian plays, such as HYPE, VIRTUALAAVE, FARTCOIN, SPX, SEI, and TAO."

On July 2nd, as per Cointelegraph, the M2 money supply in the US has reached $21.94 trillion, attaining a brand new all-time high.

On July 2nd, as monitored by Onchain Lens, within the past 2 hours, a whale withdrew 1345 BTC from Binance. The value of these BTC is $143.09 million.

July 2nd: The cryptocurrency exchange platform Bit.com officially initiated its US stock token trading service on its on-chain product GoRich on July 1st. The initial batch encompasses blue-chip stock tokenized assets like Apple (AAPL), Tesla (TSLA), and NVIDIA (NVDA), and users are now able to trade them on-chain by using USDT. This time, Bit.com is concurrently launching tokenized US stocks in collaboration with Kraken and Bybit through Backed Finance, manifesting a competitive tendency within the platform. Currently, users can engage in trading 24/7 in the GoRich section of Bit.com, holding top tech stocks with a minimum investment of $1, and supporting all premium assets including the meme token BuyTheDog and the high-potential asset Alpha.

July 2nd. Owlverse is a parallel computing universe that emerges from the TrendX decentralized intelligent ecosystem. Its goal is to create a new world driven by artificial intelligence and distributed computing and is scheduled to go live on Friday at 12:00 pm (UTC). As the infrastructure for Web3 data and transactions, TrendX offers powerful on-chain data processing, an intelligent strategy engine, real-time market analysis, and AI-assisted decision-making capabilities. Its underlying computational infrastructure and incentive mechanisms are expanded and operated through Owlverse. According to the official announcement, users can access the Owlverse website, link their wallets, deposit old version Eggs into the EggForge for destruction. This allows them to forge a new generation of Eggs and enter the waiting pool to prepare for participating in the next stage of ecosystem activation. More details regarding participation will be announced later according to official notifications.