ETH falls below the $1600 mark

According to on chain analyst Ai Yi's monitoring, address 0xa2e... f1468, after losing 4 consecutive losses totaling $3.26 million in multiple orders, switched to short selling early this morning and opened an 18 fold short order of 22000 ETH, with a holding value of $35.57 million and an opening price of $1613.1. The current floating loss is $104000.

Lighter has been integrated into Robinhood Wallet, where users can access native in app perpetual contracts and stock tokenization trading supported by Lighter, and use USDG as the underlying quote asset.

According to on chain analyst Yu Jin's monitoring, a giant whale cleared 1000 PAXGs and incurred a loss of 1.06 million US dollars. The giant whale proposed 1000 PAXGs from Binance for $5103 between February and March, valued at $5.1 million at the time.

BBX News: Yesterday, Ark Invest publicly confirmed through daily transparency disclosure that it purchased over $75 million worth of cryptocurrency related listed company stocks through three ETFs, ARKK, ARKW, and ARKF, totaling approximately $44 million for Coinbase, $25.25 million for Circle, and $8.2 million for Bullish, in June. During the buying period, the stock prices of the three targets fell by approximately 20%, 40%, and 27%, respectively. Cathie Wood's "buy on dips" strategy reached its largest monthly strength this year during the "blood month" of June, in stark contrast to BlackRock IBIT's historical largest monthly outflow of $3.3 billion during the same period. Core points: ——Ark Invest（NYSE: $ARKK / $ARKW / $ARKF）： 6 Purchased over $75 million worth of cryptocurrency stocks throughout the month, making it the largest single month cryptocurrency allocation of the year; Distribution: COIN about 44 million US dollars, CRCL about 25.25 million US dollars, BLSH about 8.2 million US dollars; During the buying period, the three stocks experienced monthly declines of approximately 20%, 40%, and 27% respectively; ARK Daily Transparency disclosed that on June 17th, they also sold approximately $29 million worth of Robinhood (HOOD) simultaneously; After buying, COIN is ARKK's eighth largest position (about 3.71%), while Robinhood remains the fourth largest position (about 4.87%). ——Coinbase Global (Nasdaq: $COIN): ARK increased its holdings by over 111000 shares in June, totaling approximately $44 million; In June, it fell by about 20% for the whole month; As a co initiator of Open USD (a stablecoin jointly launched by 140 institutions), it forms a competitive relationship with Circle USDC; ARK established a position immediately after its listing in 2021, and increased its holdings in February, March, and June of this year on dips; Benchmark maintains a target price of $270. ——Bullish (NYSE: $BLSH): ARK bought approximately $8.2 million in June; In June, it fell about 27% for the whole month and closed at about $23.43 at the end of the month; Q1 adjusted revenue of approximately 92.8 million US dollars and digital asset trading volume of 51.8 billion US dollars; As the parent company of CoinDesk; ARK opened its first warehouse in May and continued to increase its holdings in June. Source: bbx.com/

According to Coin Bureau, Tether CEO Paolo Ardoino explained the reason why USDT has not applied for the EU MiCA license, stating that the regulation is very dangerous for stablecoins. Paolo Ardoino stated that MiCA may force issuers to deposit 60% of their reserves in uninsured cash deposits with small European banks, which may not be able to cope with large-scale redemptions. Paolo Ardoino believes that the legislation was not well considered and stated that skipping MiCA is to protect Tether's over 400 million users.