AiCoin | 7.17 snapshot: BlackRock extracts BTC, Middle East conflict escalates, gold falls below 4000

According to CoinDesk, Grant Cardone, CEO of real estate investment firm Cardone Capital, stated that Cardone Capital increased its holdings of 10.5 bitcoins through July cash flow, and its real estate bitcoin hybrid strategy holdings have exceeded 2700 BTC.

The valuation correction of the US semiconductor and AI sectors has affected the Asian market, and on July 17th, there was a large-scale sell-off in the Japanese and Asian technology supply chains. The Philadelphia Semiconductor Index fell 4.3% on July 16th. TSMC's net profit for the second quarter increased by 77.4% year-on-year, and its full year capital expenditure guidance was raised from $52 billion to $56 billion to $60 billion to $64 billion, but its ADR fell by 2.3%. Bloomberg macro strategists stated that the decline in the US market has led to the liquidation of leveraged stock funds, resulting in large-scale quantitative outflows of funds from Japanese technology stocks such as Kioxia, Tokyo Electron, Advantest, and SoftBank. Geopolitical tensions, pressure on commodity valuations, and concerns about inflation and high interest rates increase the downside risk for high premium growth technology stocks.

Bonzo Finance Labs announced on the X platform that in response to the oracle attack on July 11th that affected Bonzo Lend, the Bonzo Finance Foundation will provide full compensation based on the pre event position status, with funding supported by the Hedera Foundation.

According to on chain analyst Yu Jin's monitoring, a certain address transferred 1.186 trillion BONKs worth 4.11 million US dollars to Binance three hours ago. 10 days ago, the address spent $4.4 million to buy BONK tokens and voted to approve governance proposals, transferring 4.426 trillion BONK tokens worth $21.2 million from Bonk treasury. This address once transferred 40 billion BONKs worth $190000 to OKX, and currently holds 3.2 trillion BONKs worth $10.98 million. The BONK price fell from $0.0000047 to $0.0000034 within 10 days, a decrease of 28%.

**[U.S. "Clarity Act" Legislation Enters Critical Stage, Ethics Clause Becomes Obstacle]** According to The Block, the U.S. "Clarity Act" cryptocurrency legislation has entered a critical stage. Congressman William Timmons stated that the legislation will definitely be completed, as it is one of the President's priorities and enjoys bipartisan consensus. Senate Majority Leader John Thune hopes to complete the Senate vote before the August 7 recess, but the bill still needs to return to the House for review. The main point of contention currently lies in the ethics clause, which seeks to restrict federal officials such as the President, Vice President, and members of Congress from profiting from digital assets during their tenure. On Thursday afternoon, Donald Trump, Republican Senators Bernie Moreno and Cynthia Lummis, and White House Chief of Staff Susie Wiles held a meeting regarding the ethics clause, seeking Trump's endorsement. Democratic Senator Ruben Gallego stated that if the ethics clause does not meet standards, Democrats will not vote in favor. Blockchain Association CEO Summer Mersinger expressed cautious optimism about the bill's prospects but warned that if amendments related to prediction markets are included, they could act as a poison pill and should be addressed through separate legislation.