A prominent trader notes that the Clarity Act will play the same role crypto ETFs served in the last cycle, and Bitcoin could bottom out and rally ahead of the bill’s passage.

Multi-chain decentralized exchange (DEX) DYORSWAP announced on social media that the network previously identified as the "GIWA Mainnet" is actually a fake chain set up by scammers. The fake network uses the correct GIWA Chain ID (9134), leading it to appear legitimate during initial verification. The project team also noted that suspicious messages and individuals have been detected in related communities, possibly linked to the incident. DYORSWAP added that some users have suffered significant losses via the fake bridge. In response, the project has implemented emergency measures: contacting professional security teams to conduct further on-chain tracking and investigate relevant addresses, transactions and fund flows; preserving all relevant evidence including chat records, RPC information, bridge addresses and on-chain transactions; and preparing to use treasury funds to compensate affected users. The compensation eligibility criteria, loss verification process, compensation scope and detailed plan will be released after the completion of investigation and verification.

According to TradingBeats’ monitoring, as NEAR extends its recent rally, an address labeled "mk4" currently holds around $31.16 million in NEAR long positions, making it the top NEAR long holder on Hyperliquid. This position carries an unrealized profit of approximately $17.42 million. The address’s total current position size stands at about $46.47 million, with an overall unrealized profit of roughly $15.47 million; besides NEAR, it holds positions in 8 other assets including SOL, ADA, and XRP. The address has posted a cumulative historical profit of approximately $59.93 million.

According to market data, BP’s price rose to nearly $1.5, currently trading at $1.479, with a 22.2% gain in the past 24 hours. On the news front, BP has recently been buoyed by positive developments: the SEC’s approval of limited trading for tokenized stocks on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real U.S. stock trading market for international investors, allowing eligible users to trade and hold actual U.S. stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading platforms, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more information, see the article: "Why Did BP Suddenly Rise? Backpack Is Gaining a New Valuation Logic".

According to GMGN data, PAID on Solana hit a peak yesterday, then fell by nearly 60% at its highest point over the past 24 hours. Its current market cap stands at $27.29 million, down 40% in 24 hours, with a 24-hour trading volume of $49.5 million.

Upbit’s Layer 2 project GIWA has issued an official clarification, stating that its mainnet has not yet been launched, there is no possibility of RPC leakage, and users should guard against FUD and scam information.

According to Coinglass data, the cumulative net outflow of BTC from centralized exchanges (CEXs) over the past seven days reached 31,782 BTC. The top three CEXs by outflow volume are as follows: Binance saw an outflow of 19,500.28 BTC; Coinbase Pro recorded an outflow of 6,700.6 BTC; Kraken had an outflow of 2,816.41 BTC.