Bitmine received 13000 ETH worth $24.36 million from BitGo

Upbit announced that it will launch DOS tokens on the Korean won, BTC, and USDT markets at 2:00 PM (UTC+8) on August 11th.

According to Lookonchain monitoring, four short sellers shorted a total of 3895 BTC worth $249.4 million, with liquidation prices of $64600.83, $66281.28, $66305.03, and $66545.09, respectively; Two long positions collectively long 1547 BTC, valued at $99.08 million, with liquidation prices of $61200.15 and $61831.74, respectively.

According to on chain analyst Ai Yi's monitoring, Giant Whale, which had previously opened a $102 million BTC short position, increased its position twice after losing $811000. Early this morning, it added 533.02 BTC and updated its position to 1313 BTC (approximately $84.02 million). The average opening price was $64183, and it now has a floating profit of $251000, remaining the top 1 position in Hyperliquid BTC.

Chain analyst Yu Jin monitored that Bitmine bought ETH after a decline and received 13000 ETH worth $24.36 million from BitGo.

BBX News: Yesterday, global public market entities delivered an extremely tough answer in the expansion of encrypted treasury and the handling of quarterly financial reports. Abandoning the single secondary market spot trading, companies are directly absorbing encrypted bottom positions through M&A mergers and acquisitions, and using on chain pledging to generate tens of millions of dollars in cash flow: ——Merger and Acquisition Confirmation: H100 directly absorbed 2455.4 BTC through the acquisition of NSD AS, pushing the Swedish Treasury's bottom position to 3506 BTC. ——Sharpelink (Nasdaq: $SBET) earned $11.16 million in Q2 revenue through ETH staking, while maintaining a total cryptocurrency asset size of $1.416 billion. ——Cash flow defense: Bitdeer (Nasdaq: $BTDR) saw a 47% increase in Q2 revenue to $228.8 million, holding nearly $500 million in cash flow defense. The market presents a clear dual evolutionary trend of "listed entities directly absorbing cryptocurrency asset positions through equity mergers and acquisitions" and "PoS treasury companies generating high cash flows through on chain pledges to smooth book losses". Source: bbx.com