BTC breaks through the $120500 mark

On July 18th, according to Cointelegraph, as Australian housing prices continue to outperform income growth, a company has launched Bitcoin mortgage loans, providing a new way for cryptocurrency holders to enter the real estate market without selling assets. On Wednesday of this week, Block Earner launched Australia's first Bitcoin collateralized housing loan. Previously, the company persisted for over two years in court battles with regulatory agencies. The launch of this product benefited from a federal court ruling in April this year, which determined that Block Earner's cryptocurrency lending product does not fall under the category of "financial products" under the Companies Act. This ruling means that the company does not need to hold a financial services license to accept Bitcoin as collateral in mortgages. In this product, the borrower's encrypted assets are managed by the custody platform Fireblocks. Bitcoin will serve as collateral to provide guarantees for cash loans up to 50% of the property's value, supplemented by standard mortgage methods to complete the financing structure.

On July 18th, according to Cointelegraph, prosecutors in the Southern District of New York continue to file charges against Roman Storm, co-founder and developer of Tornado Cash, and the trial is expected to last for about a month. Assistant prosecutor Thane Rehn stated that the prosecution expects to conclude its statement of charges against Storm by the end of next weekend, after which lawyers for the co founders of Tornado Cash will begin summoning their own witnesses. Storm stated that he expects the trial to last "3-4 weeks" due to complex legal debates and unforeseen witnesses and evidence. Given that the prosecution is expected to conclude their case before July 25th, Storm's lawyer has revealed the defense strategy they will present in court. Before the trial began, Storm stated that he was unsure if his legal team would allow him to personally testify in court to defend himself.

The current price of ETH is $3599.88, with a 7.64% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 50.97 million US dollars, with the main liquidation being short orders and ETH liquidation being 14.12 million US dollars (27.71%). The data is for reference only.

OKX-ETH/USDT is currently trading at $3602.10, with a 5-minute increase of 0.20%. Please be aware of market fluctuations.

According to Onchain Lens, two major institutions, Whale, have been continuously increasing their holdings of Ethereum recently. One party extracted 35000 ETH from FalconX, worth approximately $121 million, and currently holds a total of 103141 ETH, with a market value of approximately $367 million and a cumulative profit of over $42 million. On the other hand, the other party extracted 14982.55 ETH from Kraken, worth approximately $51.28 million. Currently, the total holding is 103274 ETH, with a market value of approximately $367.4 million and a cumulative profit of over $67.7 million.