Coinbase CEO: It’s never too late to hold cryptocurrencies
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Samsung Electronics and Dunamu, among other companies, stated that they have never negotiated matters related to OUSD.
According to Foresight News , citing the Chosun Ilbo, Samsung Electronics, Dunamu (Upbit's parent company), Shinhan Financial Group, K Bank, and other companies stated that they have never consulted on matters related to Open USD (OUSD). A Samsung Electronics representative stated, "There have been no formal consultations, and we don't know what role we would play (in the alliance)." Shinhan Financial Holdings, Dunamu, and K Bank also stated that Open Standard inquired about their willingness to participate in OUSD, and they only indicated that they would "have a brief discussion," yet their names were included in the alliance member list. According to a previous report by Foresight News , the stablecoin consortium Open Standard will launch the stablecoin Open USD. Features of this stablecoin include free minting and trading, partner-shared reserve asset returns, and collaborative governance by participating institutions. Currently, participating institutions in the consortium's stablecoin project include Visa, Stripe, Mastercard, BlackRock, Bank of New York, Standard Chartered Bank, Google, Samsung Electronics, IBM, Shopify, Coinbase, Tempo, Bybit, Bitget Wallet, Solana, OKX, and Ripple.
Glassnode: Long-term holders are starting to accumulate Bitcoin again, but the market may still need to undergo one last round of consolidation.
According to Mars Finance, Glassnode's latest weekly report on July 3rd stated that despite Bitcoin falling below $60,000, continued outflows from spot ETFs, and increased risk aversion in the options market, on-chain data shows that long-term holders (LTH) have re-entered a buying phase, with multiple wallet addresses simultaneously shifting towards accumulation, indicating that patient funds are gradually absorbing market selling pressure. Currently, approximately 10.83 million Bitcoins are in a loss-making state, higher than the approximately 9.22 million Bitcoins in a profitable state, reflecting that the market is still under significant pressure, and holdings are gradually shifting towards investors with high conviction. Meanwhile, US spot Bitcoin ETFs continue to experience net outflows, indicating that institutional risk appetite has not yet recovered; Coinbase's order book shows a significant increase in buying, showing that institutions are gradually providing liquidity and rebuilding market support. In the derivatives market, Hyperliquid leveraged traders continue to increase long positions, which could drive a rapid rise if the market rebounds, but a break below key support could trigger a new round of long liquidation. The Deribit options gamma structure is beginning to stabilize the market, helping to reduce volatility, while demand for put options remains high, indicating that investors are still generally defensive. Bitcoin is gradually transitioning from a distribution phase to an accumulation phase, and the foundation for a long-term recovery is forming. However, before the trend truly reverses, the market may still experience one last round of shakeouts triggered by macroeconomic factors or leverage liquidation.
STRATEGY breaks the myth of "never selling coins," Huobi HTX will conduct a live broadcast to discuss the future direction of institutional holdings.
According to Mars Finance, Huobi HTX will host a live debate today at 8:00 PM (UTC+8) titled "STRATEGY's 'Never Sell' Promise Broken: Where is Institutional Holding Model Heading?" Shouyi, MaoMaoJie, WangFugui, and DeFiSniper will represent the affirmative side, while 0824, MoCheng, Nika, and DaiDai will represent the negative side. The two sides will engage in in-depth discussions on key issues such as why institutions are adjusting their holding strategies and how market liquidity will evolve, jointly analyzing the new changes and trends in the crypto market.
Barstool Sports founder: Will hold Bitcoin until it's worth $0 after buying in for nearly $100,000.
According to Mars Finance, Dave Portnoy, founder of Barstool Sports, stated that he bought Bitcoin when it was close to $100,000 and will hold it until it reaches $0. He claimed that every time he sold Bitcoin, the price surged; every time he bought Bitcoin, the price plummeted, indicating that this is a classic case of market timing.
Data shows that nearly 1 million wallets holding Trump Meme are operating at a loss, with accumulated losses of approximately $3.81 billion.
According to BlockBeats, on July 5th, based on on-chain data, since the launch of Trump's official Meme coin, TRUMP, in January 2025, of the approximately 1.48 million wallets that purchased the token, 988,900 (about two-thirds) were in a loss-making state as of the end of June, with accumulated realized and unrealized losses of approximately $3.81 billion. Data shows that only 492,300 wallets achieved profits, accumulating profits of approximately $4.04 billion. The profits were mainly concentrated in the early participants who bought in at a price below $1 during the initial offering. Considering all holding wallets, the overall net profit was approximately $236 million. The report states that Trump's recently released annual financial report shows that he earned approximately $636 million through the TRUMP Meme coin, and his total crypto-related revenue in 2025 exceeded $1.4 billion. Furthermore, Nansen's analysis of World Liberty Financial's governance token WLFI, a DeFi project owned by the Trump family, shows that of the 26,663 wallets that purchased WLFI on the secondary market, approximately 85% have recorded losses, with a cumulative loss of about $83 million, while the cumulative profit is about $23 million.
Cumberland opened long and short positions totaling $70.38 million, with the main positions short major cryptocurrencies and US stocks.
According to BlockBeats, on July 8th, OnchainLens monitoring revealed that Cumberland deposited $4 million USDC into Hyperliquid this morning. The account currently holds long and short positions totaling $70.38 million. 86.37% of the positions are used to short major cryptocurrencies such as Ethereum, Bitcoin, and SOL, as well as major US stock instruments, while 13.63% are used to long on indices such as the S&P 500. The account has accumulated a profit of $33.27 million.