Loracle continues to reduce HYPE short positions, resulting in a floating loss of approximately $279 million

Garrett Jin's address will deposit the remaining 30 million USDC into Hyperliquid, which has attracted attention for subsequent operations. （Lookonchain）

The US Congress has officially proposed a new Bitcoin Reserve Act, which stipulates that Bitcoin will not be sold for at least 20 years. A total of 17 members of Congress support the bill. （The Bitcoin Historian）

Nick Begich proposed the US Reserve Modernization Act, which suggests integrating digital assets held by the US government into protected national reserves. （CoinDesk）

[Morgan Stanley Bitcoin Fund Increases Holdings by 82.996 BTC] According to Arkham monitoring data, Morgan Stanley's spot Bitcoin exchange-traded fund MSBT has increased its holdings by 82.996 BTC, valued at $6.57 million, bringing the total holdings to 3,472 BTC, valued at $268 million.

MegaETH announced the early end of the Terminal season and the closure of the project. The points for the third week have been distributed, and all user behaviors have been captured for final reward settlement. The project team plans to distribute additional points next week to reward users who participate in different applications. Participants who meet the criteria will receive USDM rewards based on their accumulated points and support for Mega activities. Starting next week, Terminal will be open for one week for users to fill in their award address, and the main functions will be integrated into the Rabbitahole platform.