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US Congresswoman Tlaib, who opposed the CLARITY Act, was revealed to hold ETFs related to Bitcoin (BTC) and Ethereum (ETH).

1 hours ago

According to a New York Post report, U.S. Democratic Representative Rashida Tlaib’s latest financial disclosure shows her roughly $1.2 million retirement investment account includes up to $15,000 in Grayscale Ethereum ETF and up to $15,000 in Bitcoin ETF. Both holdings are ETFs, not direct ownership of BTC or ETH. The disclosure documents indicate the account holds a total of 41 investments. Since U.S. lawmakers only disclose assets by amount brackets, Tlaib’s exact holdings in the crypto ETFs cannot be determined. Tlaib previously voted against the CLARITY Act, which supports the crypto industry, and backed a resolution aimed at banning "crypto corruption". The CLARITY Act is expected to be considered by the Senate in September after Congress returns from its recess.

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Crypto whale who previously set "10 major targets" may have returned to profitability on short positions, with unrealized gains of approximately $770,000.

On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that Bitcoin (BTC) has fallen below $76,000, and the whale's short positions under the "10 Big Targets" strategy are back in profit. The whale holds: - BTC short positions: 1,830.724 BTC, valued at approximately $139 million, with an average entry price of $76,397.56, generating an unrealized profit of around $800,000 currently; - ETH short positions: 12,756.739 ETH, valued at about $30.25 million, average entry price of $2,371.57, with an unrealized loss of roughly $30,000 at present. It remains unclear whether the address has already closed positions or re-established short positions after reducing its holdings earlier.

10 minutes ago

Alibaba plans to place new shares worth HK$80 billion, with all proceeds earmarked for AI.

Alibaba announced on Sunday that it plans to conduct a new share placement in Hong Kong. The total size of the offering is HK$80 billion (US$10.2 billion). The company stated that this transaction will be the largest primary follow-on offering in the history of Hong Kong-listed firms, the largest Regulation S stock offering on record (for securities issuance and sales outside the United States), and the third-largest primary follow-on stock offering globally this year, following Alphabet and Intel. Alibaba added that it plans to use 100% of the net proceeds from the placement to invest in its full-stack artificial intelligence (AI) capabilities, including expanding and upgrading its AI infrastructure.

10 minutes ago

Bitcoin falls below $76,000.

According to HTX market data, Bitcoin has dropped below $76,000, with a 1.9% decline in the past 24 hours.

10 minutes ago

Polish crypto exchange Zondacrypto faces crisis as its founder and successor CEO have gone missing one after another.

According to a New York Times report, European crypto exchange Zondacrypto is in crisis. After its founder Sylwester Suszek went missing in 2022, Przemyslaw Kral, who took over as the exchange’s CEO, also lost contact this April. This incident has once again drawn external attention to fund security and regulatory issues in the crypto industry. Zondacrypto, formerly known as BitBay, was founded in Poland in 2014 and was once one of the largest crypto exchanges in Central and Eastern Europe. Suszek was dubbed the "Crypto King" by Polish media, but he disappeared near a fuel depot in southern Poland in March 2022. His family later received messages allegedly from kidnappers demanding a ransom in Bitcoin. Polish prosecutors have previously launched an investigation into suspected unlawful deprivation of liberty involving relevant individuals. After Suszek’s disappearance, Kral, a lawyer and his assistant, took over the company’s operations. This April, Zondacrypto’s website shut down, leaving users unable to withdraw funds or conduct trades. Kral had previously claimed the platform held Bitcoin reserves worth over $330 million, but accessing the assets required digital keys held by Suszek. This claim has been met with skepticism, as the associated wallet has shown no activity for a long time. Zondacrypto had previously claimed to have around 1.3 million users, and expanded its influence through sponsorships of football clubs, the Polish Olympic Committee, and other entities. However, as user withdrawal issues persisted, Estonia’s financial intelligence agency revoked its parent company’s operating license on June 29. Currently, Polish prosecutors are investigating the establishment and operations of Zondacrypto, and Kral has not made any public appearances for several consecutive months.

10 minutes ago

Over the past hour, global crypto liquidations totaled $91.27 million, with long positions accounting for the majority of the liquidations.

According to Coinglass data, as Bitcoin fell below $76,000, the crypto market experienced a wave of rapid liquidations. In the past hour, total liquidations across the network hit $91.27 million, with long positions accounting for $84 million and short positions totaling $7.44 million.

10 minutes ago

Ethereum falls below $2,400

According to HTX market data, Ethereum has fallen below $2,400, with a 24-hour decline of 4.9%.

10 minutes ago

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