In the past hour, total liquidations across the network reached $35.83 million, with $1.49 million from long positions, with $34.34 million from short positions. BTC liquidation $1.58 million, ETH liquidation $4.72 million.

Odaily Planet Daily reported that Bitcoin News published an article on the X platform stating that Strategy CEO Phong Le said, "We sold approximately $200 million worth of Bitcoin, but this did not affect the market. In fact, the market rose during that period. So we are not leaving."

Odaily Planet Daily reports that Bitcoin mining stocks rose in early trading on Monday, with IREN, Cipher Digital, CleanSpark, Hut 8, and MARA Holdings all gaining at least 11%. The rise followed Hut 8's announcement of a 15-year, $9.8 billion AI data center campus lease agreement and IREN's disclosure of a $2.8 billion cloud services contract with AI developers. Both Hut 8 and IREN started with Bitcoin mining and subsequently accelerated their shift to AI infrastructure and cloud computing as mining economics weakened. IREN projects its AI cloud business will generate over $4 billion in annual recurring revenue by the end of 2026. The TEM AI Infrastructure Growth Index, which tracks 20 companies in the Bitcoin mining, neocloud, and AI infrastructure sectors, rose 1.4% on Monday, with gains exceeding 12% over the past week. Blocksbridge Consulting estimates that the industry needs approximately $50 billion more to realize its AI-related initiatives, with IREN facing a funding gap of approximately $21.1 billion.

One year after the U.S. House of Representatives passed the Clarity Act for Digital Asset Markets, the bill remains in the Senate, facing opposition from the banking industry and partisan divisions. Supporters expect the Senate to vote on it before the August recess. Industry groups Coin Center and the Blockchain Association have identified Section 604 as a key provision protecting open-source innovation. This provision aims to prevent non-custodial blockchain developers, node operators, and validators from being classified as federal money transferors. Stefan Muehlbauer, CertiK's head of U.S. government affairs, stated that removing Section 604 could conflate software development with financial services, subject developers to the Bank Secrecy Act, and trigger First Amendment-related constitutional challenges. Openpayd CEO Iana Dimitrova stated that the expanding use of stablecoins for cross-border value transfers makes the need for a federal regulatory framework clearer. The bill also addresses accounting standards, acknowledging the repeal of the SEC's Employee Accounting Bulletin SAB 121 and prohibiting the SEC from reimposing equivalent crypto-custodial accounting requirements without full notification and comment procedures. Gomining CEO Mark Zalan stated that Bitcoin still faces regulatory gaps, such as tax treatment.

Odaily Planet Daily reports that Nigerian President Bola Ahmed Tinubu has signed an executive order to harmonize virtual asset regulation, strengthen cooperation among the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The order establishes a Virtual Assets Committee composed of the heads of Nigeria's main financial regulatory agencies to guide relevant policies. The Nigerian tax authorities will update digital asset policies and provide more details on their impact on taxpayers. Presidential Special Advisor Bayo Onanuga stated that the executive order does not establish new regulatory agencies or transfer power between agencies; each agency retains its statutory duties and independence, and registration requirements will be determined based on the nature of the activity and the assets involved. A June report from the International Monetary Fund (IMF) shows that since 2019, Nigeria has accounted for approximately 60% of stablecoin inflows into sub-Saharan Africa; from July 2023 to June 2024, the country is expected to see approximately $59 billion in cryptocurrency inflows.