Garrett Jin Closes ZEC Short Position with a Loss of $36.13 Million, Bitmine Narrows Losses to $2.71 Billion

Garrett Jin closed his ZEC short position after three months, incurring a loss of $36.13 million. Bitmine has narrowed its losses to $2.71 billion, holding nearly 5.96 million ETH. The total market capitalization of cryptocurrencies has returned to $2.8 trillion, briefly approaching $2.9 trillion. Kraken has joined X's Cashtag program, moving the trading entry point forward. Federal Reserve's Kashkari stated that inflation remains too high, not solely due to oil prices. Cynthia Lummis mentioned that the CLARITY Act previously required audits for crypto projects that raised over $25 million from the public. Visa will close a loophole in credit card rewards for meme coins. Hundreds of millions of dollars in Bitcoin have been transferred to the IRGC, with the U.S. Treasury sanctioning the Iranian exchange BitBank. GMGN transferred 23,550 BNB to Pionex in a week, generating $17.34 million in fee revenue. Strive's CEO hinted that holdings have surpassed 25,000 Bitcoins and may announce a new round of purchases. StonkFun generated $4.85 million in revenue over the past week, ranking 10th in protocol revenue.

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