On-chain Whale Makes Large Bet Against SpaceX Implied Valuation, Entering Million-dollar Short Position with 85.7% Bearish Sentiment

DeFi protocol Fluid and AGI3 Group have released a governance proposal announcing a strategic ecosystem partnership. Kinetic Group plans to acquire up to 10% of the total FLUID token supply via secondary market purchases and over-the-counter (OTC) trades, with the acquired tokens not sourced from the DAO treasury or team allocations. The Fluid Foundation will separately provide 5% of FLUID tokens to be held in custody at compliant private banks and institutional digital asset custodians in Switzerland, the EU, Hong Kong, and Singapore; these tokens will be locked for at least four years through 2030. As part of the strategic collaboration, AGI3 will grant a 2% equity stake to the Fluid Foundation, also locked for four years. AGI3 is an entity established by Kinetic Group, a private asset management firm regulated by the Dubai Financial Services Authority (DFSA), focused on building composite financial infrastructure spanning payments, banking, capital markets, and tokenization sectors. The partnership’s core product is AGI3 Markets, a permissioned DeFi instance for institutional users, equipped with KYC/AML checks, supporting lending and trading of real-world asset (RWA) classes including tokenized private credit, government bonds, commodities, equities, and corporate bonds. The two parties have agreed that all protocol revenue and incentive budgets generated by AGI3 Markets will be split on a 50/50 basis.

Robinhood Chain ecosystem token issuance platform Memecoin.Fun announced the completion of a $3.5 million strategic financing round. The round was executed via USDG Token, with Becker Ventures leading the investment, and BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen participating. According to the announcement, the funds will be used to accelerate core product and infrastructure development, including Robinhood Chain Launchpad infrastructure, cross-chain bridge functionality development, and the research and operation of the revolutionary Memecoin All-chain Platform.

As Bitcoin fell below $64,000 in the latest downturn, the crypto whale nicknamed "First Set 10 Big Goals" updated its position operations: "This trade is closed with a 2% loss." Earlier, the same whale re-established long positions after taking profits on its short positions, and shared a market view that "Bitcoin may retest $100,000 around March next year."

Galaxy Digital’s Head of Research Alex Thorn has published a note revising the probability of the CLARITY Act being enacted into law by 2026 from the prior 50% to 30%. Thorn highlighted that while the full text of the bill was officially released this Wednesday—totaling 616 pages and 104 provisions—there remains a substantial gap in the required votes. On the Republican side, Senators Hawley and Paul are expected to vote against the legislation, and McConnell has not cast a vote since his June hospitalization, leaving a reliable vote count of roughly 50, well short of the 60-vote threshold needed to overcome a filibuster. For Democrats, the seven senators who previously took part in negotiations jointly stated the current text is "insufficient," specifically opposing two key elements: the ethics provision granting sole enforcement authority to the Department of Justice, and the 2029 sunset clause. Senator Elizabeth Warren went further, declaring the bill "should be rejected outright." On the legislative timeline, Thorn argues the actual deadline for advancing the bill is July 30 (Wednesday), not the Senate’s officially announced recess date of August 7, as the procedural process requires several additional days. He added that if the bill fails to pass the Senate before recess, its chances of being enacted in 2026 will drop sharply.

A mysterious whale (0xf292) keeps adding to a $CXMT short. The whale now holds a 1.44M $CXMT($9.18M) short position, with another $2.55M in $CXMT limit short orders waiting to be filled. Current liquidation price: $15.14

According to Coinglass data, Bitcoin plummeted after 8 PM tonight, briefly falling below $64,000 and currently trading at $64,157.87. As a result, $117 million in liquidations were recorded across the network in the past hour, with $114 million stemming from long positions. Separately, HyperInsight monitoring shows that trader "Ma Ji" urgently closed long positions during the market decline to avoid liquidation. As of press time, he still holds 3,100 ETH in 25x long positions, with a liquidation price of $1,841, which remains 1% away from the current market price.