Spot gold price exceeds $4010 per ounce

According to Trader T monitoring, the US spot Bitcoin ETF had a net outflow of $424.63 million yesterday.

[Former Los Angeles Sheriff's Deputy Impeded Investigation into Adam Iza Extortion Case, Sentenced to 18 Months in Prison] According to an announcement from the U.S. Department of Justice's Central District of California Prosecutor's Office, former Los Angeles County Sheriff's Department (LASD) deputy Scott Allen Simpkins was sentenced to 18 months in prison and fined $10,000 on July 13 for obstructing a judicial investigation. Scott Allen Simpkins was employed by Adam Iza's security company and, in August 2021, falsely claimed to the FBI and federal prosecutors that he did not witness the transaction in which Adam Iza forced party planner R.C. to transfer $25,000. Adam Iza has pleaded guilty to charges of conspiracy to violate rights, wire fraud, tax evasion, and alleged kidnapping and robbery involving Bitcoin.

Michael Burry stated that if US President Trump decides to waive approximately $193 billion in nominal debt for Fannie Mae and Freddie Mac, it could trigger a housing crisis in the United States. These two government supported GSEs guarantee the vast majority of mortgage loans in the United States. Michael Burry stated that debt forgiveness will cause the stock prices of the two companies to rise 3 to 4 times in the short term and 6 to 7 times in the long term; If not exempted, the stock price may fall to single digits. According to SEC documents, Fannie Mae's non-performing loan write off amount increased from $61 million to $243 million, and its largest mortgage partner was forced to repurchase $221.6 million in fraudulent loans.

Major cryptocurrencies have dropped by 2% or more in 24 hours as traders boosted bets of a July Fed rate hike.

The Whale address 0xFe99, which has held 9389 ETH for 4 years, will transfer all ETH to Coinbase Prime. The Whale bought 9389 ETH at an average price of $4311 4 years ago, with a value of $40.47 million at the time. Currently, the ETH price is $1777, and the value of the position is only $16.69 million, resulting in a loss of $23.8 million. （Lookonchain）