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Lorenzo launches the testnet product USD1+OTF, pioneering the on-chain real yield fund based on USD1.

6 hours ago

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 services for income-generating assets such as CeFi, RWA, DeFi, thereby bridging the gap between on-chain large-scale funds and institutional-level financial products.
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The 14-Year HODL Bitcoin Whale controls approximately 8 addresses, holding at least 80,009 BTC

On July 4th, as per LookOnChain's monitoring, a Bitcoin whale that has been dormant for 14 years holds at least 80,009 BTC, which is worth $8.69 billion. This whale controls around 8 wallets. On April 2nd, 2011, 2 wallets received 20,000 BTC each. At that time, the value was $15,600, and now it is worth $2.18 billion when the price of BTC was $0.78. Also, on May 4th, 2011, 6 wallets received 60,009 BTC. At that time, the value was $202,000, and now it is worth $6.52 billion when the price of BTC was $3.37. Today, 4 of the addresses moved 40,000 BTC, while the other 4 wallets remain dormant.

2 minutes ago

Bitcoin OG Whale's Fourth Megawallet Address Activated, Valued at Approximately $1.092 Billion

On July 4th, as monitored by Whale Alert, 8 minutes ago, the address of the fourth dormant Bitcoin whale holding over 14-year-old bitcoins was activated. The value of this whale's holdings is approximately $1.092 billion.
This whale holds at least 40,000 BTC, which is worth $4.35 billion. Its average cost is as low as $1.65, and the profits have exceeded 66,000 times.

2 minutes ago

WLFI Token Transfer Proposal is now in effect

On July 4th, the crypto project WLFI of the Trump family officially announced that the proposal for making the WLFI token transferable has come into effect. It was stated, "Today, on the Independence Day of the United States, we are making history."

2 minutes ago

ONDO sees a short-term spike of 3%, reaching $0.7973

On July 4th, according to HTX market data. Due to the news that "Ondo Finance is going to launch tokenized U.S. stock trading", ONDO experienced a short-term increase of 3% and reached $0.7973. Currently, it is trading at $0.7856.

2 minutes ago

A Whale That Has Been Dormant for Over 14 Years Awakens Holding at Least 40,000 BTC, with an Average Cost Basis as Low as $1.65

On July 4th, as monitored by EmberCN, a long-idle whale that had been asleep for more than 14 years suddenly awoke. It holds at least 40,000 BTC, which is worth $4.35 billion. Today, the Bitcoin OG whale transferred BTC from 3 addresses that had been dormant for over 14 years. Each of these addresses contained 10,000 BTC. It still holds another address with 10,000 BTC that has not been moved and has also been dormant for over 14 years. Its average cost is as low as $1.65, and the profits have exceeded 66,000 times.

2 minutes ago

Musk Proposes Creating New Political Party Through Twitter Vote

On July 4th, Musk launched a poll on Twitter and asked, "The USA Independence Day is the most appropriate time to consider whether you want to abandon the two-party system (some might say one-party system)! Should a new party be established in America?" Previously, on July 1st, Musk stated that if the "Beautiful Act" was passed, a new American political party would be formed the following day. This morning, Trump's "Beautiful Act" was passed by the House of Representatives and is scheduled to be signed at 5 a.m. on Saturday. In addition, on June 6th, Musk initiated a poll on social media asking, "Is it time to create a new party in the U.S. that truly represents the middle 80% group?" The poll received 5,630,775 user participations, with 80.4% of users choosing to support this idea.

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