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Why has utility become such a losing bet?
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.
MicroStrategy expanded its preferred stock offering from $250M to $584M to support corporate initiatives and enhance its Bitcoin portfolio ahead of final sale conditions.
- 05:27A Whale Closes ETH Short Position and Opens $116 Million ETH 15x Long PositionOn July 21, according to on-chain data, a certain whale closed their ETH short position 17 hours ago and, within the past 7 hours, accumulated $116 million worth of ETH long positions with 15x leverage. The average entry price was $3,762.58, with a liquidation price of $3,604.
- 05:12Spot gold rises to $3,360 per ounce, up 0.29% on the dayAccording to Jinse Finance, spot gold has risen to $3,360 per ounce, up 0.29% on the day. (Jin10)
- 05:07Swarms community Discord account compromised, over 300 members removedAccording to ChainCatcher, the AI agent protocol swarms disclosed on the X platform that the swarms community Discord account was compromised. Earlier today, a team member’s Discord account was breached after receiving a malicious private message from a user. As a result, the attacker deleted multiple channels and removed over 300 community members. The team is actively working to restore the community and is implementing additional security measures to prevent similar incidents in the future.