Mike Wilson: Tightening liquidity is a major risk for the US stock market in recent times, supporting Federal Reserve Chairman Kevin Walsh

Kain Warwick and Benjamin Celermajer, core contributors to Synthetix, have submitted a SIP-423 proposal to phase out sUSD and reform the SNX staking mechanism. The proposal includes freezing sUSD on the Ethereum mainnet and Optimism, allowing holders to exchange 1 sUSD for 4 SNX, canceling the original sUSD pledge ratio requirement, and transferring the remaining debt to a new pledge model. If the income exceeds 10 million US dollars within 2 years of the agreement, 25% will be distributed in USDT form to the old sUSD holders.

Hyperliquid trader Assssdfc short HYPE in May, losing $6.97 million. In June, he made a profit of $1.84 million through trading on US and Korean stocks. The trader recharged 5 million USDC margin 10 minutes ago and reopened SNDK/SKHX/MRVL long positions. Currently, he holds a long position of $16.81 million and has $6.094 million worth of TWAP limit orders waiting to be executed. (Auntie Ai)

[Sovra Completes $2 Million Pre-Seed Funding, Led by Pharsalus Capital] Sovra has completed a $2 million pre-seed funding round, led by Pharsalus Capital. Sovra positions itself as a global dollar account service targeting the Middle East, North Africa, and broader markets, enabling users to send, earn, spend, and transfer money via mobile devices. Sovra's underlying infrastructure is supported by Circle, Privy, Base, Solana, and Morpho, encapsulating technical complexities to optimize user experience.

The spot gold price fell below $4150 per ounce, with a intraday decline of over 1%.

Cryptocurrency KOL @ Adam_Tehc posted on X platform that over 20000 wallets that had been dormant for over a year were reactivated on Solana DEX last week.