Cryptocurrency: $300 million long position cleared in the past hour

Bitwise CEO Hunter Horsley stated at Ripple's Swell 2025 event that traditional financial services and the cryptocurrency sector are gradually merging. This trend may drive the application of encryption technology in mainstream finance and accelerate industry development. In the future, we need to pay attention to specific cooperation models and market reactions. （CoinDesk）

Real estate tycoon Grant Cardone recently purchased 900 bitcoins for $90 million, demonstrating his investment interest in cryptocurrency. （Bitcoin Archive）

Forward Industries announced the authorization of a 1 billion share repurchase plan and disclosed its holdings of 1.1 billion SOL assets. After the announcement, the company's stock price fell by nearly 20%. （Cointelegraph）

Former FTX CEO Sam Bankman Fried has applied for a retrial of the case, but the appellate judge has expressed doubts about it. This may affect the progress of the case trial and its legal strategy. Subsequent attention should be paid to the court's final ruling on the application. （CoinDesk）

The largest crypto has now tumbled more than 20% since hitting a record high above $126,000 only one month ago.