Smart Money Shifts from Bitcoin to ETH with 25x Leverage
On July 4, 2025, on-chain data revealed that a prominent trader—previously known for closing Bitcoin long positions and opening SOL longs—has now taken a 25x leveraged long position on ETH. Key details:
- Position Size: 2,638.7103 ETH (~$6.7M)
- Entry Price: $2,545.74
- Platform: Hyperliquid
- Track Record: $15.92M total profits, with $7.62M earned in the past 7 days.
This move signals growing confidence in Ethereum’s short-term upside potential.
Crypto Legislation Week Announced for Mid-July
David Sacks, the White House Crypto and AI Lead, announced that July 14–20, 2025, will be designated as Crypto Week in the House of Representatives. Key bills under review:
- GENIUS Act: Nearing presidential approval.
- CLARITY Act: Pending Senate review for clearer digital asset regulations.
This legislative push aims to provide regulatory certainty for the U.S. crypto ecosystem.
Lorenzo Launches USD1+OTF: A Chain-Linked Yield Fund
Lorenzo, an on-chain asset management platform, debuted its USD1+OTF testnet product—a yield fund settled in USD1 stablecoins. Highlights:
- Underlying Tech: Financial Abstraction Layer (FAL) for multi-source yield aggregation (RWA, DeFi, quant strategies).
- Test Participation: Stake USDT, USDC, or USD1 to receive sUSD1+ tokens representing yield rights.
- Vision: Bridge institutional-grade products to on-chain capital via tokenized offerings.
👉 Explore decentralized finance opportunities
Zypher Network Secures $7M for AI-Verifiable Trust Platform
Investors: UOB Venture, Signum Capital (co-leads), HashKey Capital, and others.
Mission: Enable scalable, zero-knowledge-proof-based AI systems via proprietary Rollup Zytron.
Use Cases: Web3-native AI agents with verifiable autonomy.
Impossible Cloud Network (ICN) Raises €28.8M at €398M Valuation
Key Backers: NGP Capital, Protocol Labs.
Product: Decentralized Web3 cloud infrastructure rivaling AWS.
Token: ICNT to list on Binance, Kraken soon.
FAQs
Q: What’s the significance of Upbit’s new MOODENG pair?
A: It expands trading options for KRW, BTC, and USDT users, enhancing liquidity and accessibility.
Q: How does Lorenzo’s USD1+OTF generate yield?
A: By pooling RWA, DeFi, and algorithmic strategies—all settled in USD1 for stability.
Q: Why is Crypto Week important?
A: It accelerates U.S. regulatory clarity, potentially boosting institutional adoption.