三国学院直播中：大盘周线上轨压制，短期上涨受阻，价格承压回落！

BlockBeats News: On July 12th, according to official sources, Arkham Exchange will launch trading of PUMP spot and perpetual contracts. After the completion of the PUMP ICO, the transaction will be officially launched.

On July 12th, according to DL News, the Genius Act passed by the US Senate is attracting attention from banks and the legal community. The bill grants stablecoin holders priority claims over their backed assets in the event of bankruptcy, which could put traditional banks and other customers at risk. Georgetown University law professor Adam Levitin warns that this arrangement is essentially "subsidizing stablecoin issuance at the expense of bank deposits" and may harm the interests of ordinary bank customers, especially in the event of the bankruptcy of the stablecoin issuer or its custodian bank. The current version of the bill stipulates that the stable currency must be supported by highly liquid assets (such as US treasury bond bonds), the issuer needs to disclose the reserves every month, and has the ability to freeze tokens. If approved, banks and other entities will be able to issue compliant stablecoins. The bill is currently awaiting review by the United States House of Representatives. Although aimed at enhancing user confidence and strengthening the connection between stablecoins and the real financial system, the design of their bankruptcy priority has also sparked discussions on regulatory logic, financial stability, and potential interbank benefit distribution. Industry insiders have expressed that the bill may become a turning point for the development of stablecoins, while also exacerbating concerns about the impact on the traditional financial system.

BlockBeats News: On July 12th, according to The Kobeissi Letter citing Sentimentrader's data analysis, the vast majority of currencies are currently not within the historical high range (5% of the 252 day high range). By contrast, when Bitcoin set new records in February and November 2024, approximately 75% and 40% of cryptocurrencies were within 5% of its 252 day high, respectively. Historically, when the trading prices of a large number of cryptocurrencies approach historical highs, Bitcoin tends to fall back. The current divergence indicates that Bitcoin may have even greater upside potential.

According to BlockBeats, on July 12th, according to Lookonchain monitoring, 0x8c58 deposited 3.74 million USDC into Hyperliquid in the past hour and shorted 18394 ETH with 15 times leverage (holding value of 54.3 million USD). 0x2258 deposited 3.25 million USDC 16 hours ago and shorted 16219 ETH with 25 times leverage (holding value of 48 million USD). 0xec4b shorted 13845 ETH with 15 times leverage (holding value of $41.07 million).