BTC breaks through the $118500 mark

On July 24th, it was reported that Accelerate, a new Solana cryptocurrency treasury company led by Joe McCann, founder and CEO of Asymmetric Financial, plans to go public through the special purpose acquisition company (SPAC) GoresXHolding, raising up to $1.5 billion in funds. The company plans to raise $800 million through private equity financing (PIPE), $358.8 million through SPAC, $250 million through convertible debt, and $103.2 million through the sale of SPAC warrants. If the financing is successful, Accelerate will become the largest Solana Treasury company in the market. However, this number may change as other major Solana treasury companies such as DeFi Development Corporation (DFDV) and Sol Strategies (HODL) increase their token holdings.

According to on chain analyst @ ai_9684xtpa monitoring, the giant whale/institution that pledged KAITO two months ago is suspected to have cut losses and left, resulting in a loss of $1.17 million. On May 29th, the address withdrew 1.79 million KAITOs (worth 3.99 million US dollars) from Binance at an average price of 2.23 US dollars; 10 hours ago, the pledged token was recharged back to Binance with a value of only 2.82 million US dollars, during which the coin price dropped by 43%.

According to BlockBeats, on July 24th, according to on chain analyst Ai Yi (@ ai_9684xtpa) monitoring, contract giant whale "set 10 big targets first" (@ jasonleo) opened a short position of 5444.155 ETH, approximately $19.82 million, with an opening price of $3528.85 and a margin of $3.845 million.

Two wallets (suspected private investors) sold 1.25 billion PUMPs (worth 3.81 million US dollars) at a price of 0.00305 US dollars in the past 2 hours, resulting in a loss of 1.19 million US dollars.

According to Lookonchain monitoring, Giant Whale 0x8F93 deposited 3 million USDC into Hyperliquid and opened a long position in 20 times leveraged ETH, with a total position of 7200 ETH (worth 26.3 million US dollars).