According to BlockBeats news, on July 14th, according to market data, Sequans Communications (SQNS), a cryptocurrency concept stock in the US stock market, rose 23.56% before trading, and the stock has accumulated over 210% gains last week.
BlockBeats previously reported that Sequans (SQNS), a US listed company, announced today an increase in holdings of 683 BTC, with an average price of $113893 per BTC and a total holding of 1053 BTC.
On July 14th, according to data from the US Commodity Futures Trading Commission (CFTC), hedge funds shorted $1.73 billion worth of Ethereum on the Chicago Mercantile Exchange (CME), which is favored by institutional traders. CME data also shows that Ethereum's net leveraged position is heavily biased towards short positions.
It is reported that basis trading refers to shorting a certain asset on one platform while buying on another platform to maintain Delta neutrality in price fluctuations. In this example, traders can earn an annualized return of approximately 9.5% by shorting ETH on CME and buying a spot ETF (currently managing assets of approximately $12 billion).
In addition, traders who short ETH can earn an additional annualized return of approximately 3.5% by buying spot ETH and pledging it. It is worth noting that buyers of spot ETFs cannot choose this method as Ethereum spot ETFs currently do not support staking services.
On July 14th, according to NLNico, Click Holdings (stock code: CLIK), a US listed company, plans to establish up to $100 million in Bitcoin and SOL reserves and integrate cryptocurrency payments into employee salaries and customer payment systems to modernize its business.
It is worth noting that the current market value of Click Holdings is only $12.989 million.
According to BlockBeats, on July 14th, crypto detective ZachXBT posted on X that "recently, the Brazilian central bank service provider C&M suffered a cyber attack, resulting in the intrusion of reserve accounts of six financial institutions. The attackers converted the stolen fiat currency into cryptocurrency.
I have started participating in an operation and have assisted in freezing approximately $5 million of funds involved across multiple trading platforms and blockchain
Odaily Planet Daily reported that Hungary has officially implemented new cryptocurrency legislation since July 1st, prohibiting any unauthorized digital asset trading activities. Individuals who use unlicensed encryption services can be sentenced to up to 2 years in prison; For a single transaction amount exceeding 50 million forints (approximately 140000 US dollars), the sentence can reach 3 years, and for a transaction amount exceeding 500 million forints, the maximum sentence can be 5 years. If it is an unlicensed service provider, the maximum sentence can reach 8 years.
It is reported that fintech platform Revolut has announced the suspension of its cryptocurrency services in Hungary. Local media pointed out that about 500000 Hungarians have invested in cryptocurrency assets through legal income, and the details of regulatory enforcement are currently unclear. (Forbes)