Analysis: If BTC breaks through the resistance level of $90000, it may lead to the liquidation of $1.6 billion due to "short squeeze"

According to Bloomberg, Moonshot AI is seeking a new round of financing of up to $2 billion, which could push its valuation up to $30 billion. This is its third round of financing within six months, aimed at addressing the fierce competition in China's artificial intelligence field. According to informed sources, the company has made preliminary contacts with potential investors and plans to raise over 1 billion US dollars. Currently, Moonshot AI is nearing completion of a funding round led by Meituan, with a valuation of $20 billion upon completion. If the latest financing target is achieved, its valuation will increase by about 7 times compared to the $4 billion in December.

Saudi Aramco has lowered the price of Arab light crude oil sold to Asia in July by $6 per barrel, with a premium of $9.50 per barrel, lower than the market's expected $5 per barrel decline. The closure of the Strait of Hormuz has led to a reduction in production in the Middle East and affected the global oil market.

Syscoin announced on the X platform that a cross chain bridge was attacked due to a verification vulnerability, involving 5 billion SYS tokens. The bridging service has been suspended, and the team is investigating and fixing the issue. The attacker created unauthorized SYS output on the UTXO side, and the affected funds have been transferred and split. The team is tracking the flow of funds and working with exchanges and ecosystem partners to prevent contaminated UTXOs from entering circulation. The repair plan has been determined, and it is recommended that users avoid interaction before restoring the cross chain bridge.

According to reports, well-known trader Killa (@ KillaXBT) stated that BTC has entered the "final stage" and "final extension" and has invested 90% of its position. He said that there are still a large number of buy walls below the current price of Bitcoin on Binance that have not been withdrawn, and the possibility of quickly touching these support levels in the short term is low. Killa, as a quantitative trader specializing in BTC, predicted the peak of this bull market in May 2025 and has over 180000 followers on the X platform. In mid April of this year, he shorted Bitcoin at $74700.

Michael Figge, CEO of Yuga Labs, announced in a post on X platform that the team has completed the white hat operation against the Flooring Protocol vulnerability and is currently managing the following assets: 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elements, 26 Captains, 1 Moonbird, and 2 Doodles. The Vice President of the team @ 0xQuit has recovered these assets, @ Coffeedev pointed out that the vulnerability poses greater risks to series such as BAYC and CryptoPunks.