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The current ETH ETF landscape shows a concentrated market structure.The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take The SEC and Tai Mo Shan, a subsidiary of Jump Trading’s crypto unit, have reached an agreement for the latter to pay about $123 million in fines after it spent $20 million to help prop up the TerraUSD stablecoin in May 2021. Tai Mo Shan will pay the penalty without admitting to or denying the SEC’s findings, pursuant to the agreement.
Quick Take Interpol has issued a “Red Notice,” on behalf of Finland, for Hex and PulseChain founder Richard James Schueler, a.k.a. Richard Heart, on charges of gross tax evasion and assault. A list of Europol’s most wanted criminals also features Schueler, and claims he physically assaulted a 16-year-old victim by knocking them to the ground and punching them repeatedly. “It feels great to be wanted. Nothing can stop an idea whose time has come,” Schueler posted on X Saturday night, in a post that may be r
Traders across the market saw significant losses in the wake of Fed's latest monetary policy update.
- 20:23The three major U.S. stock indexes closed mixedAccording to Jinse Finance, the three major U.S. stock indexes closed mixed, with the Dow Jones down 0.37%, the Nasdaq up 0.03%, and the S&P 500 down 0.07%. Major tech stocks also showed mixed performance: Nvidia and Tesla rose more than 1%, while Netflix, Google, and Amazon fell more than 1%.
- 20:02Upexi's SOL Holdings Surpass 735,000 Tokens as It Seeks to Enter the Tokenized Equity SectorBlockBeats News, July 8—According to The Block, Upexi is a company that has incorporated Solana into its corporate treasury assets. The company stated that as of the end of June, it held 735,692 SOL, representing an 8.2% increase compared to May. Since investors filed to sell millions of shares, Upexi’s stock price has dropped by about 60% and has remained below $4 per share since then. Last month, the stock briefly surged above $15, but quickly retreated. Upexi is one of the few companies attempting to replicate the successful treasury strategy of MicroStrategy, which centers on Bitcoin, but Upexi’s focus is on altcoins such as Solana. MicroStrategy’s stock price has soared alongside the rise in Bitcoin’s price. Other companies adopting a Solana accumulation strategy include DeFi Dev Corp and Canada’s SOL Strategies.
- 20:02Insider Trader @qwatio’s Short Position Liquidated Again, Accumulating $17.11 Million in LossesBlockBeats News, July 8—According to monitoring by Onchain Lens, the "insider trader" @qwatio has once again suffered partial liquidations. As of now, his 40x leveraged BTC short position and 25x leveraged ETH short position have incurred losses totaling $17.11 million.