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Share link:In this post: Trump said Israel attacked Iran because it rejected his 60-day nuclear deal ultimatum. Iran responded by launching around 100 drones at Israel, triggering a state of emergency. Oil, gold, and the dollar surged while global stocks and crypto fell sharply.
Quick Take The SEC declared effective Trump Media’s registration for its Bitcoin treasury deal, opening the door for the firm to acquire BTC with the $2.3 billion in capital it recently raised. The company did not state how much Bitcoin it plans to acquire, noting that purchases are discretionary and the raised capital may be used for general corporate purposes. The filing includes a $12 billion universal shelf, allowing Trump Media to issue more stock, debt or warrants at any time.
- 11:43Cango: This Week’s Mining Output Reaches 142.8 BTC, Total Holdings Surpass 4,500 BTCAccording to Jinse Finance, Cango, a Bitcoin mining company listed on the New York Stock Exchange, announced on the X platform that it mined 142.8 Bitcoins last week. The company’s total Bitcoin holdings have now increased to 4,529.8 coins, and as of now, it continues to maintain a “HODL mode” with no sales transactions.
- 11:43Glassnode: BTC Sell-Off in the Past 24 Hours Driven by Short-Term HoldersAccording to ChainCatcher, Glassnode posted on social media that in the past 24 hours, the majority of on-chain Bitcoin (BTC) spending came from short-term holders (STH). Short-term holders (STH) accounted for $18.24 billion (85.5%), while long-term holders (LTH) accounted for $3.1 billion (14.5%), with the total spending amounting to $21.34 billion. This indicates that the current wave of selling is mainly driven by recent buyers rather than long-term investors.
- 11:43a16z Calls for Amendments to Crypto Legislation, Opposes Use of "Ancillary Asset" Definition as Regulatory BasisAccording to ChainCatcher, citing a report from Cointelegraph, venture capital firm Andreessen Horowitz (a16z) has called on U.S. lawmakers to amend a draft cryptocurrency regulatory bill, warning that the framework may contain serious loopholes that could undermine investor protection mechanisms. In an open letter to the U.S. Senate Banking Committee, a16z recommended that regulators address the gaps in the crypto legislation draft. This letter is a formal response to the discussion draft released at the end of July. The discussion draft is based on the 21st Century Financial Innovation and Technology Act (CLARITY Act) and aims to solicit industry feedback to advance regulatory legislation for crypto assets. a16z specifically pointed out issues with the definition of “ancillary assets” in the draft, a term referring to tokens sold through investment contracts that do not grant buyers equity, dividends, or governance rights. The letter stated: “The structure of ‘ancillary assets’ should not serve as the legislative foundation without significant modifications.”