Odaily Morning Brief

1. Analysis: Bitcoin has recently encountered significant selling pressure, with its correlation to the US small-cap stock index increasing;

2. BIT-related whale increased long positions in ETH, currently holding 120,000 ETH;

3. Grafana disclosed it experienced a GitHub environment security incident, with hackers stealing code repositories and carrying out extortion;

4. Analyst: Bitcoin's potential profit-taking pressure is rising, which should be highly noted by the market;

5. Iran launches Bitcoin-settled maritime insurance platform Hormuz Safe, with potential revenue exceeding $10 billion;

6. The "new bond king" Gundlach: "Inflation starting with 4" is coming, there's no chance for Fed rate cuts;

7. Iran threatens to cut off undersea cables in the Strait of Hormuz and demands "undersea transit fees" from Google and Microsoft;

8. A smart money address has accumulated purchases of 5,283.61 ETH on-chain over the past two days and currently has an unrealized loss of $320,000;

9. Galaxy's head of research estimates the CLARITY Act's legislative timeline, possibly to be sent to Trump for signing into law as soon as August;

10. The US House Agriculture Committee urges Trump to nominate CFTC commissioners and emphasizes the importance of the CLARITY Act.