Whale Trader AguilaTrades Increases Position with 20x Long on BTC Contract, Position Value Exceeds 300 Million Dollars

On July 10th, Musk stated on the X platform, "Grok is about to land on Tesla's car products, at the latest by next week." Today, xAI, an artificial intelligence startup founded by Musk, announced the official launch of the Grok 4 AI model.

On July 10th, based on market information, propelled by the SOL strategy, BIT Mining Ltd (BTCM) witnessed a surge of more than 65% in pre-market trading. Previously, Bit Mining announced that it would convert its cryptocurrency holdings into SOL and raise an amount ranging from $200 million to $300 million for the Solana strategy.

On July 10th, the crypto mining firm Bit Mining announced that it is going to undergo a strategic transformation and enter the Solana ecosystem. As part of this strategic adjustment, BIT Mining will set up a solid SOL treasury as the foundation of its strategic transformation. To back its Solana-centered strategy, the company plans to raise between $200 million and $300 million in stages according to market conditions and the availability of funds. The raised funds will be used to accumulate SOL tokens and strengthen the company's treasury through continuous capital deployment and gradual acquisitions. Meanwhile, to start the treasury, BIT Mining will convert its existing cryptocurrency holdings into SOL and adopt a long-term holding strategy.

On July 10th, SOON issued a statement on the X Platform in response to the coin price flash crash event that occurred on July 5th. The SOON Foundation stated that the attacker carried out simultaneous withdrawals and cross-CEX selling. The highly coordinated nature of their actions suggests that this was a carefully planned operation. At the same time, the attacker took advantage of extremely negative funding rates in contract trades to earn huge profits from short positions. The SOON Foundation clarified that neither the project team nor SOON's official market maker partners, Jump Crypto and Amber Group, participated in any capacity in the July 5th event. It also disclosed the holding addresses of all relevant parties.

On July 10th, as per the official website, Binance Alpha has initiated VELVET, and its opening price is $0.032.

On July 10th, Galaxy Digital announced a partnership with Fireblocks. This partnership allows Galaxy Digital's staking services to be directly provided to Fireblocks' more than 2000 institutional clients. The integration enables clients to engage in capital-efficient staking within Fireblocks' custody without the need to transfer assets off the platform. Clients can now access Galaxy's validation infrastructure while keeping their existing custody setups. (FinanceFeeds)