Odaily News Blockchain protocol OpenLedger said it will invest $25 million to fund AI and Web3 developers. The funds will be available on OpenCircle to help developers create AI-centric protocols. It is reported that OpenLedger raised $8 million in a seed round of financing in 2024 and aims to become a "sovereign data blockchain for artificial intelligence technology." (CoinDesk)

Odaily News The Bitfinex Alpha report states: Bitcoin is at a crossroads, with a typical uptrend driven by strong spot demand, profit-taking by long-term holders, and a recovery in macro risks, Bitcoin has fallen more than 10% from its all-time high. Bitcoin experienced its last decline on June 5, with more than $875 million in long liquidations in a single day, highlighting the extent of deleveraging. In the past week, the total liquidation of Bitcoin exceeded $1.9 billion, and the leverage ratio has now been forcibly reset. The technical structure shows that Bitcoin's rise is supported by real demand, with the spot market rising in a step-by-step manner, with key accumulation points at $93,000-96,000 and $102,000-104,000.

Odaily News According to a repost by Eric Balchunas, senior ETF analyst at Bloomberg, on the X platform, ProShares and Bitwise have submitted ETF applications to the US SEC to track Circle shares. They are: ProShares Ultra CRCL ETF and Bitwise CRCL Option Income Strategy ETF. The trading code is currently to be determined and the expected effective date is August 20.

Odaily News Hypurrscan data shows that a whale is building a 20x BTC long position on Hyperliquid, with a current position value of $97.9 million (97,900,510) and still increasing, with an opening price of $106,816 and a liquidation price of $97,127. The whale withdrew 10 million USDC from Bybit and transferred it to Hyperliquid in the last hour.

Odaily News OKX market shows that BTC has broken through 107,000 USDT and is now at 107,000.2 USDT, with a 24-hour increase of 1.87%. (This newsletter is generated by AI)

Odaily News Investment bank Baird upgraded Tesla (TSLA.O) from overweight to neutral with a target price of $320, noting that despite a weak quarter, Tesla is still up 24% (the S&P 500 is 13%), partly due to excitement about the affordable car and Robotaxi that will be launched in June. We think Musk is too optimistic about the launch of Robotaxi, and a lot of the hype has been digested. His relationship with Trump also adds uncertainty. Tesla remains a strong choice in the long run, but we are still on the sidelines for now. (Jinshi)