Patrick Witt: This week is crucial for the Clarity Act

Monitoring shows that Whale Address 0x97f closed its long position in HYPE at a loss of $3.22 million and sold 165400 HYPE in the spot market, earning $1.98 million. Subsequently, the address opened 15000 SP500 short positions, using 50 times leverage, with a total value of $111 million and a liquidation price of $8295.66. （Onchain Lens）

According to Hyperinsight monitoring, the S&P 500 and Nasdaq 100 have moderately rebounded, and a certain whale has increased its holdings in the two major stock indexes since yesterday, with a total size of $120 million. Among them, the 50x S&P500 has a multi order scale of 70 million US dollars, an average price of 29200 US dollars, and a liquidation price of 25200 US dollars; 30x XYZ100 has a multi order scale of 50 million US dollars, with an average price of 29200 yuan and a liquidation price of 25200 yuan. The total position size of this address is 150 million US dollars, with an additional 30 million US dollars short selling 102 cryptocurrencies. As of 10 minutes before the press release, the giant whale has made a small profit on over 100 XYZ100 orders.

According to a post by FlashRescue @ Darcy Ari on the X platform, Jucoin transferred a total of 36 funds during the ban on withdrawals, totaling 3.13214083 million USDT. The transfer address is the JuCoin reserve proof address starting with 0x0d14, and the receiving address includes the Binance recharge address starting with 0x959F (approximately 1.88 million USDT), the high-frequency distribution address starting with 0xa9F4 (approximately 1.05 million USDT), and the Cobo address starting with 0x8C2E (200000 USDT). The team is tracing the flow of funds to more Jucoin wallet addresses.

According to Cointelegraph, White House crypto advisor Patrick Witt stated that this week is crucial for the Clarity Act, and the scope of the issue is narrowing with goodwill proposals from all parties involved. He emphasized that time is very tight.

Jiang Zhuoer of BTC.TOP called the week's sell-off speculation overblown, arguing Strategy's small debt and the design of its preferred shares let it keep buying. What to know : Jiang Zhuoer of BTC.TOP argued that even a drop in bitcoin’s price to $30,000 would leave Strategy with relatively low leverage and little need to sell its holdings. He said speculation that Strategy dumped about 45,000 bitcoin from a Fidelity custody wallet is likely overblown, noting the wallet also holds assets for Fidelity’s ETFs. Jiang defended Strategy’s use of high-yield STRC preferred shares, saying limited bitcoin sales to fund dividends are compatible with remaining a net buyer, though some observers warned a prolonged bear market could still force larger sales.