MyToken data monitoring shows that on 【July 2nd, 02:50】 (Beijing Time), an address starting with 【3MqUP6】 transferred 【1760 BTC】 to an address starting with 【bc1q90】, with a total value of approximately 【102.84 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

In the past hour, total liquidations across the network reached $10.88 million, with $8.33 million from long positions, with $2.55 million from short positions. BTC liquidation $835,630.57, ETH liquidation $317,799.51.

According to a report by Bitcoin News on the X platform, BlackRock IBIT's BTC holdings have decreased by nearly 100,000 coins in less than two months. On May 6th, IBIT's BTC holdings peaked at 822,736 coins, and are currently at 734,261 coins.

Brian Armstrong, in an article published on the X platform, stated that the US Constitution is the most important political innovation in history, but it lacks two crucial elements: a cap on government spending growth and a requirement for a hard asset-backed currency. Without these two elements, every democracy will move towards more debt and eventually lose its reserve currency status (see *The Changing World Order*). The US debt is $39 trillion and is increasing by approximately $1 trillion every 100 days. Currently, interest payments exceed the defense budget, and existing mechanisms cannot stop this trend. Politicians are elected by promising to use other people's money to provide free welfare, benefiting some voters in the short term, while the negative impact of this spending is borne by future generations who do not yet have the right to vote; the incentive structure has become ineffective. Solutions include drafting a new constitution in forward-looking regions, such as Mars, special economic zones, and cyberspace; adjusting the incentive mechanisms in the existing system through amendments, but this is politically challenging; or achieving super-high economic growth exceeding inflation through AI, robotics, and cryptocurrencies.

Odaily reports that Robinhood has launched its Layer 2 blockchain, Robinhood Chain, on its public mainnet, enabling tokenized stock trading in over 120 countries. It has also launched Robinhood Earn, a decentralized lending product offering approximately 7% yield based on USDG. Robinhood is expanding from a brokerage business into cryptocurrency, tokenized assets, and AI-driven trading.