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 reports that BitMine, an Ethereum treasury company, announced that its ETH holdings have reached 5.78 million, representing approximately 4.8% of Ethereum's circulating supply, nearing its goal of holding 5% of all ETH. The company added 7,430 ETH in the past week. BitMine stated that its crypto assets, cash, and marketable securities are valued at $11.5 billion, including 207 Bitcoins and $385 million in cash and securities. Approximately 4.9 million ETH are staked through its validator network and partners, representing about 85% of its treasury. BitMine also repurchased 5.5 million shares in the past week under its previously authorized $4 billion buyback program. Earlier this month, BitMine stated that its institutional staking platform, MAVAN, generated $45.7 million in staking and validation revenue in the three months ending May 31, accounting for 98% of the company's total revenue.

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.