[BCH briefly fell below $290, with a daily drop of 14.8%] Golden Finance reported that the market showed that BCH briefly fell below $290 and is now quoted at $297.55, with a 24-hour drop of 14.8%. The market is volatile, so please do a good job of risk control.

Golden Finance reported that according to trustee documents, Mt Gox creditors may have to wait up to three months to receive repayments in Bitcoin or Bitcoin Cash, depending on which cryptocurrency exchange they file a claim against. The trustee has previously detailed that the timeline for payments to be visible in creditors' accounts may vary from exchange to exchange. Kraken has 90 days to process payments, while Bitstamp may take up to 60 days, and BitGo will see payments within 20 days. Both SBI VC Trade and Bitbank will complete payments within 14 days. Previously, some Mt.Gox creditors stated that they had received compensation in BTC and BCH, and a user paid 13% of his holdings that year.

Golden Finance reported that according to Spot On Chain monitoring, Justin Sun may have lost $66 million due to the 10% plunge in Ethereum prices today. From February to June, he purchased 361,000 ETH through 3 wallets, with an estimated cost of $1.1 billion, including: 169,604 ETH purchased through 0x7a9 in February, with an average price of $2,870; 176,117 ETH purchased through 0x435 in April, with an average price of $3,177; 15,416 ETH purchased through 0xdbf in June, with an average price of $3,474. 24 hours ago, he also made a profit of $58 million from these ETH, but now, after the price plummeted, it has turned into a loss of $66 million.

Golden Finance reported that according to the monitoring of on-chain analyst @ai_9684xtpa, a certain address has made a profit of $33.49 million by buying low and selling high ETH. Position building: The whale bought 56,135 ETH at an average price of $2,365 from 2023.09.30 to 2024.07.05 through two addresses, spending a total of $132 million; Shipping: In the past 3 hours, 11,484 ETH was recharged to Binance, suspected of reducing positions to stop profit (worth $33.09 million). If all were sold, a profit of $5.93 million would be made. Since June 21, a total of 30,461 ETH (worth $95.36 million) has been sold, with a total profit of $23.32 million. Current positions: There are still 20,184 ETH left in the two wallets, with a total floating profit of $10.17 million.

[The transaction volume of 6 Hong Kong virtual asset ETFs today is HK$148.67 million] Golden Finance reported that the Hong Kong stock market data showed that as of the close, the transaction volume of 6 Hong Kong virtual asset ETFs today was HK$148.67 million, including: Hua Xia Bitcoin ETF (3042.HK) had a transaction volume of HK$90.75 million, and Hua Xia Ethereum ETF (3046.HK) had a transaction volume of HK$17.23 million; Harvest Bitcoin ETF (3439.HK) had a transaction volume of HK$16.45 million, and Harvest Ethereum ETF (3179.HK) had a transaction volume of HK$6.67 million; Bose HashKey Bitcoin ETF (3008.HK) had a transaction volume of HK$7.69 million, and Bose HashKey Ethereum ETF (3009.HK) had a transaction volume of HK$9.88 million.

Golden Finance reported that before the U.S. stock market opened, blockchain stocks fell sharply, with MicroStrategy (MSTR.O) falling nearly 10%, CleanSpark and Riot Platforms (RIOT.O) falling more than 7%, and Coinbase (COIN.O) falling more than 6%.

Golden Finance reported that according to the on-chain data tracking service Whale Alert, 250,000,000 USDC were minted in the USDC Treasury at around 3:36 pm Beijing time today.

Golden Finance reported that according to Lookonchain monitoring, Mt. Gox transferred another 1,545 BTC (US$84.87 million) to Bitbank.

According to Jinse Finance, according to Ember's monitoring, a whale/institution has transferred a total of 33,099 ETH (US$96.24 million) to Binance for sale, and then withdrew 83.43 million US dollars of stablecoins from Binance to repay loans on Comppund and Aave. Currently, he still has 48.37 million US dollars in loans on the lending platform and 31,269 ETH (US$89.36 million) as collateral.

Golden Finance reported that the Bank for International Settlements (BIS) approved the proposed regulations on banks' disclosure of cryptocurrency risk exposure. The Basel Committee on Banking Supervision (Basel Committee) under the Bank for International Settlements approved the proposed regulations on banks' disclosure of cryptocurrency asset risk exposure and amendments to the prudential supervision of cryptocurrency assets at meetings held on the 2nd and 3rd of this month. This will require banks to disclose information on their risk exposure to virtual assets, including trading activities and holdings. The Basel Committee began developing the proposed regulations in December 2022 with the aim of establishing standards for risk assessment of virtual assets and providing sufficient information. The Basel Committee will release more details on the proposed rules later this month. The finalized rules will apply from 2026.

Golden Finance reported that Mt. Gox issued an announcement stating that on July 5, 2024, the reorganization trustee repaid some reorganization creditors in the form of Bitcoin and Bitcoin Cash (BCH) through some designated cryptocurrency exchanges and other channels in accordance with the Reorganization Plan. Repayment will be made to other rehabilitation creditors immediately once the following conditions are met: (i) Confirmation of the validity of the registered account and other matters; (ii) The designated cryptocurrency exchange and other channels accept the subscription intention of the Agency Receipt Agreement; (iii) The discussion between the rehabilitation trustee and the designated cryptocurrency exchange and other channels on the repayment matters is completed; (iv) Confirmation that the repayment can be carried out safely. Please wait for a while if you meet the conditions.

[Mt. Gox-related address transfers 1,200 BTC to a new address] Golden Finance reported that according to PeckShield monitoring, the Mt. Gox-related address bc1qkj...g68h has transferred 1,200 BTC (63 million US dollars) to the new address 34X3kp...dHKB.

Golden Finance reported that according to the monitoring of on-chain analyst @ai_9684xtpa, the whale who built a PEPE position at an average price of $0.00001155 from May 31 to June 19 is suspected to have liquidated his position, with a cumulative loss of $2.67 million. He transferred 1.1 trillion PEPE from Binance in the past month, worth $13.72 million; he shipped the tokens several times during the period, and finally transferred the remaining 435 billion tokens to the exchange (worth $3.61 million) 20 minutes ago. If he sold them, he would lose $1.4 million.

[3 whales deposited 28,558 ETH into Binance in the past 2 hours and sold them to repay debts] Golden Finance reported that according to Lookonchain monitoring, as the price of ETH falls, many whales are about to face the liquidation of ETH deposited in Aave and Compound. In the past 2 hours, 3 whales deposited 28,558 ETH (about 82.2 million US dollars) into Binance and sold them to repay debts.

Golden Finance reported that Zhu Su, founder of Three Arrows Capital and OPNX, tweeted that he had repurchased ETH at $2,900 (previously sold it at $3,300).

According to Jinse Finance, according to monitoring by Ember, the whale/institution that bought the bottom of CRV some time ago and suffered a loss of 1.04 million US dollars (-14%), has transferred another 7,641 ETH (22.03 million US dollars) to Binance in the past 30 minutes, and has transferred a total of 20,830 ETH (61.22 million US dollars) to Binance in the past day.

According to Golden Finance, according to Lookonchain monitoring, a certain address was liquidated with 4,215 ETH (US$12.2 million). Now he seems to have started to repay his debts.