Bitcoin price rises, $1.2 billion short position cleared

The rise in Bitcoin prices has led to the liquidation of short positions worth $1.2 billion. （Decrypt）

BitMine Chairman Tom Lee listed 17 large cap stocks with a market value exceeding $2 billion and a high correlation with cryptocurrencies. The correlation between BMNR and ETH is 80%, and the correlation between MSTR and BTC is 78%. Tom Lee stated that ETH is expected to outperform BTC in this cycle, driven by tokenization and AI applications.

The EU is evaluating whether encrypted lending should be included in the MiCA regulatory framework, but the decentralized nature of DeFi lending pools has increased the difficulty of defining regulatory targets. （Cointelegraph）

According to on chain analyst Yu Jin's monitoring, a certain whale bought $80 million worth of BTC and ETH on July 6th when MicroStrategy announced that selling coins caused a market downturn. The opening price of BTC is 62353 US dollars, and the opening price of ETH is 1762 US dollars. The whale has a floating profit of 21.1 million US dollars in one and a half months of holding.

Binance POL/USDT's perpetual trading volume surged tenfold within 10 minutes, reaching $57.67 million in the past 24 hours, an increase of 9.41% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world