According to Lookonchain monitoring, James Fickel lost about 22,500 ETH ($55 million) due to long ETH/BTC trading pairs. From January 10 to July 1, he borrowed 3,061 WBTC ($172 million) from Aave and exchanged it for 56,445 ETH at an exchange rate of 0.05424. Since August 7, he has spent 12 million USDC to buy 211 WBTC and exchanged 47,476 ETH for 1,888 WBTC ($113.5 million) at a price of $0.04 to repay Aave debt. He currently has 980 WBTC ($132 million) in debt on Aave, with a total loss of about 22,500 ETH ($55 million).

TON announced the launch of TON Talent, a collaborative platform dedicated to connecting builders within the TON ecosystem, including developers and founders. The program aims to accelerate project development and promote the growth of the TON ecosystem.

According to Coinglass data, the cryptocurrency market had a total liquidation of $407 million in contracts over the past 24 hours, of which $344 million was liquidated for long orders and $62.9773 million was liquidated for short orders. The total liquidation amount of BTC was $66.7785 million, and the total liquidation amount of ETH was $66.4081 million.

The Community Staking Module (CSM) launched by Lido Finance, a liquidity staking provider, has been launched on the mainnet. The initiative, approved by the Lido DAO community members, aims to make Ethereum staking more inclusive and break down the high technical and financial barriers that traditionally exist for individual staking.

According to on-chain analyst Ember’s monitoring, James Fickel, the ETH/BTC exchange rate bull with the largest on-chain position, transferred 20,000 ETH ($50.63M) to Coinbase Prime 7 hours ago.

The U.S. federal government is investigating cryptocurrency company Tether for possible violations of sanctions and anti-money laundering rules, The Wall Street Journal reported, citing people familiar with the matter. The criminal investigation, led by prosecutors from the U.S. Attorney's Office in Manhattan, aims to find out whether cryptocurrencies are used by third parties to finance illegal activities such as drug trafficking, terrorism and hacking, or to launder proceeds from these activities. At the same time, the U.S. Treasury Department has been considering sanctions against Tether because individuals and groups subject to U.S. sanctions use this stablecoin.

Tether CEO Paolo Ardoino said he currently has no plans to take Tether public because he believes it would undermine the company's ability to move quickly and "break the status quo." He said he believes a company should go public when it needs access to capital and liquidity, and Tether, which has made $12 billion in profit in the past two years, does not face this problem.

After the hackers returned the funds, the US government has now moved the assets to a new wallet. Address: 0x0CaB63E3e978D1f66c19C480c206b01fB62F1243.

According to data shared by crypto KOL Milk Road, Aave has more than $20 billion in net deposits, almost twice the total of all other lending protocols.

The suspected hacker has begun returning funds to the US government, and the US government wallet has received 13.19 million aUSDC and 2,408 ETH worth $6.1 million from the hacker's address.

Binance announced the launch of the revamped Binance Connect, a fiat-to-crypto channel service designed to support Web3 projects. It enables users to trade cryptocurrencies directly from their existing Binance accounts through DeFi wallets such as Trust Wallet. Binance Connect supports over 100 fiat currencies, 300 cryptocurrencies, and 300 payment methods, providing flexible trading options and competitive pricing. Binance Connect simplifies the integration process for cryptocurrency businesses, requiring minimal technical resources while complying with regulatory requirements.

MicroStrategy founder Michael Saylor posted on the X platform that if Microsoft CEO Satya Nadella wants to make another trillion dollars for Microsoft shareholders, please contact me.

Analysts at BitMEX Research believe that it is "extremely unlikely" that MicroStrategy will be forced to sell its Bitcoin holdings based on its current debt structure. However, the analyst said that given the volatility of cryptocurrencies, "everything is possible."