According to a filing with the Federal Election Commission (FEC) by Protect Progress PAC, an affiliate of the cryptocurrency-related political action committee Fairshake, as of Tuesday, it had spent over $986,000 supporting incumbent Democratic Representative Shri Thanedar of Michigan's 13th Congressional District and opposing challenger Donavan McKinney. This spending occurred two weeks before the August 4th Democratic primary, which will determine the nominee for the November general election. Protect Progress PAC previously spent approximately $1 million supporting Thanedar in 2024, when Thanedar received 54.9% of the vote in the Democratic primary and 68.6% in the November election. Fairshake and its affiliates report having $191 million in reserves for influencing key elections. Other crypto-related political action committees include the Fellowship, backed by Cantor Fitzgerald and Anchorage Digital, and the Blockchain Leadership Fund, backed by Anchorage and Chainlink Labs. Protect Progress PAC also spent over $100,000 supporting Arizona Representative Greg Stanton's re-election bid. Defend American Jobs PAC spent over $65,000 supporting Amanda McKinney, the Republican candidate for Washington's 4th Congressional District.

According to Odaily Planet Daily, Tesla maintained its Bitcoin reserves at 11,509 BTC, continuing its nearly four-year streak of neither buying nor selling the cryptocurrency, and recorded an after-tax impairment loss of $112 million on its digital asset holdings. Bitcoin fell 14% to $58,000 from approximately $83,000 in the second quarter before recovering to approximately $65,840. Tesla's second-quarter revenue was $28.2 billion, exceeding expectations; adjusted earnings per share were $0.33, falling short of expectations.

MyToken data monitoring shows that on 【July 23rd, 03:58】 (Beijing Time), an address starting with 【3MszSa】 transferred 【1716.26 BTC】 to an address starting with 【bc1qn2】, with a total value of approximately 【113.67 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

According to Specter, a blockchain intelligence firm, the incident is more likely an inside job. The address responsible for transferring the tokens has been granted the necessary role since 2025, and this role is only revoked after the tokens have been transferred out.

In the past hour, total liquidations across the network reached $12.78 million, with $11.64 million from long positions, with $1.13 million from short positions. BTC liquidation $49,493.01, ETH liquidation $4.28 million.