NASDAQ and S&P 500 Index Hit Record High Closes, BMNR Surges by 130.77%

On July 4th, based on on-chain information, the smart money that previously liquidated its long position in Bitcoin and added to its long position in SOL has just 25x longed ETH on Hyperliquid. It holds 2638.7103 ETH, with a position value of $6,715,253.84 and an entry price of $2,545.74. This smart money has accumulated a total profit of $15.92 million on Hyperliquid and a weekly profit of $7.62 million.

On July 4th, David Sacks, the White House Cryptocurrency and AI Czar (referred to as the "Crypto Tsar"), posted that the week starting from July 14th is Cryptocurrency Week in the House of Representatives. The "GENIUS Act" is about to be submitted to the President. Meanwhile, the "CLARITY Act" (U.S. Cryptocurrency Market Clarity Act) is also scheduled to be delivered to the Senate.

July 4th. The on-chain asset management platform Lorenzo officially launched its first OTF (On-chain Traded Fund) testnet product—USD1+ OTF. This is also its first U-based income product with the USD1 stablecoin as the settlement unit and is currently deployed on the BNB Chain testnet. This product is supported by Lorenzo's developed Financial Abstraction Layer. It will integrate income from RWA, quantitative strategies, and DeFi income, with all income settled in USD1. As a result, Lorenzo has become one of the earliest projects to build a real income product around USD1, promoting the practical use of USD1 in the on-chain financial ecosystem. Users can participate in the product test by staking USDT, USDC, or USD1 and receive sUSD1+ tokens representing income rights, experiencing a stable, diversified, and real income structure. Lorenzo's future vision is to build an on-chain investment bank, focusing on providing standardized issuance, tokenized management, and fundraising servic

On July 4th, as per official channels, the Zypher Network has successfully concluded a funding round of $7 million. UOB Venture and Signum Capital took the lead in this round. Other participants encompass HashKey Capital, the Hong Leong Group, Cogitent Ventures, Catcher VC, Hydrogenesis Labs, DWF Venture, and other strategic investors. The Zypher Network is a decentralized trust platform that offers verifiable autonomy to AI agents by means of zero-knowledge protocols and its dedicated Rollup infrastructure known as Zytron. Having operational entities in both Hong Kong and Silicon Valley, the Zypher Network enables developers and enterprises to construct secure and scalable AI systems that are well-suited for Web3 native applications and real-world use cases.

On July 4th, the decentralized cloud platform Impossible Cloud Network (ICN), which is based in Zug, Switzerland, announced the completion of a funding round worth €28.8 million. The latest valuation of ICN reached €3.98 billion. This funding round was led by NGP Capital, and 1kx and Protocol Labs also participated. ICN also launched its native token, ICNT, and has plans to list on various centralized exchanges (CEXs) such as Binance and Kraken. ICN aims to build permissionless Web3 cloud infrastructure as an alternative to traditional cloud giants like AWS.

On July 4th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the "40x Short Whale Insider" added 43.19 BTC to their short position half an hour ago, with a value of $4.7 million. Currently, their positions are as follows: BTC 40x Short: Holding 216.07 BTC, worth $23.56 million, with an entry price of $107,380.1; ETH 25x Short: Holding 4446.81 ETH, worth $11.39 million, with an entry price of $2452.03.