Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy
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A whale short$31 million worth of Bitcoin at 40x leverage and is currently seeing a floating profit of $112,400.
According to Mars Finance, on July 8th, Onchain Lens monitoring revealed that the whale address "0x77ee" recently opened a 40x leveraged short position of 493 Bitcoins (approximately $31.08 million) on Hyperliquid. The opening price was $63,240.9, and the liquidation price was $73,962.2. Currently, this position has a floating profit of approximately $112,400, with a return on equity (ROE) of 14.47%. Data shows that this address currently holds 15 positions with a total open interest of approximately $79.79 million, of which 92% are short positions. However, the address's historical cumulative trading losses still amount to $5.66 million.
StarkWare CEO proposes a 4% annual inflation rate for Bitcoin instead of the 21 million coin cap.
PANews reported on July 8th that, according to Cointelegraph, StarkWare CEO Eli Ben-Sasson posted on the X platform proposing to replace the current hard cap of 21 million Bitcoins with a 4% annual issuance rate. He believes the current hard cap is "unreasonable" because private keys will be lost over time, "and when time approaches infinity, all private keys will be lost." Ledger estimates that approximately 4 million Bitcoins have already been permanently lost. Ben-Sasson stated that a 4% annual issuance rate roughly matches the global population growth rate. This proposal has sparked strong opposition from the community. Opponents argue that the fixed cap is the core value of Bitcoin, and that Bitcoin can be divided into 2.1 quadrillion satoshis, which is sufficient to address the issue of declining available supply.
VanEck executive: Strategy's $135 million Bitcoin sale last week did not use up its BTC Monetization Program quota.
According to ChainCatcher, Matthew Sigel, Head of Digital Asset Research at VanEck, stated on the X platform that, based on Strategy's latest 8-K filing, Strategy's $135 million Bitcoin sale last week did not utilize the $1.25 billion BTC Monetization Program quota. This is because the program only restricts sales used to replenish cash reserves; sales directly used to pay dividends are not included in this limit. Sigel points out that this means Strategy's actual Bitcoin sales capacity exceeds the commonly understood $1.25 billion.
"Whale Tracking"long that a whale holding 20 million shares of a long position in a basket of semiconductor stocks is now deeply trapped, incurring losses exceeding $5.5 million.
According to BlockBeats, on July 8th, Hyperinsight monitoring showed that a whale with the account starting with 0x519c currently holds 7 AI semiconductor-related positions, all of which are 5x isolated margin long positions, totaling approximately $19.541 million. The current unrealized loss is approximately $5.502 million, with all 7 positions showing losses. The losses are mainly concentrated in: MRVL: Long positions amount to approximately $7.456 million, with a floating loss of approximately $2.609 million; SNDK: Long positions amount to approximately $3.836 million, with a floating loss of approximately $1.162 million; SKHX: Long positions amount to approximately $3.883 million, with a floating loss of approximately $676,000; MU / NBIS: Unrealized losses of approximately US$281,000 and US$284,000 respectively. The other two long positions are also in the red, and the total unrealized loss for this address is currently $5.56 million. All four positions have lost more than 100% of their initial investment, making this the address with the largest losses in the market conditions of last night and this morning. Previous report from a whale: South Korea's largest chip production expansion in history failed to stem a massive sell-off, with one major whale who chased SKHX at a high price incurring a loss of over $2.2 million in a single day.
New Hampshire lawmakers will hold a hearing on Wednesday regarding a $100 million Bitcoin bond.
PANews reported on July 8th that, according to Cointelegraph, the New Hampshire Business Finance Authority (BFA) is scheduled to hold a public hearing on Wednesday regarding the issuance of $100 million in Bitcoin-backed bonds. The plan, which is expected to be approved by the BFA in November 2025, requires final approval from the governor and a five-member executive committee. The bonds are secured by private lender CleanSpark and have no recourse to state funds or taxpayers. Moody's assigned the bonds a preliminary Ba2 (speculative grade) rating in March. New Hampshire is the first state to pass a strategic Bitcoin reserve law, allowing up to 5% of public funds to be invested in digital assets.
Tether makes a $20 million strategic investment in Mercado Bitcoin to accelerate on-chain infrastructure development in Latin America.
Mars Finance reports that stablecoin issuer Tether has announced a $20 million strategic funding round for Latin American on-chain financial services platform Mercado Bitcoin. This funding will support Mercado Bitcoin's development in asset tokenization, payments, lending, capital markets, and compliant digital financial services. Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funds raised will primarily be used to expand payment infrastructure, increase the scale of tokenized products for institutional and retail investors, develop lending business, advance on-chain capital markets, seek strategic partnerships, and drive international expansion.