Cardone Capital increases holdings of 10.5 bitcoins, with total holdings exceeding 2700 BTC

[Philadelphia Semiconductor Index Enters Technical Bear Market, A Whale Liquidates with $10.4M Loss] The Philadelphia Semiconductor Index dropped 4.3% in a single day, retreating over 22% from its mid-June peak, officially entering a technical bear market. On-chain address asssdfc liquidated technology semiconductor stocks, with an overall unrealized loss exceeding $10.4 million over the past 30 days.

[Russian Cryptocurrency Criminal Liability Bill Postponed to Autumn Review, Maximum Sentence of 7 Years Imprisonment] According to Bits.media, Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, stated that the second and third readings of the criminal liability bill for illegal cryptocurrency transactions have been postponed to the autumn session. The bill, which passed its first reading in early July, stipulates a maximum sentence of 7 years imprisonment for organizing illegal cryptocurrency circulation. The related penalty provisions are scheduled to take effect on July 1, 2027. Anatoly Aksakov denied that the bill would affect cryptocurrency exchanges and P2P users. The Russian government's 'Digital Currency and Digital Rights Law' has also been delayed.

According to Protos, a group in the UK disguised themselves as police officers and created a fake police website, convincing cryptocurrency holders to transfer funds to so-called "secure accounts" through phone calls, stealing $5.4 million worth of cryptocurrency. They were sentenced this week. Hamza Bashir, Kevin Nwamma, and Anthony Ikenwe were sentenced to six years and nine months, eleven years, and eleven years in prison, respectively. The stolen funds were used to purchase a £ 60000 car, vacation itineraries, and branded goods such as Harold, Hermes, Louis Vuitton, Rolex, etc. The police found £ 500000 in cash in the safe and determined that most of the stolen cryptocurrency was converted into payment cards. The gang members falsely reported their annual income, with one person only declaring £ 444.

According to on chain analyst Yu Jin's monitoring, the address suspected to be a16z (0x867... E6D) retrieved 471500 Hyperliquid native tokens worth $30.57 million from Hyperliquid in the past day, which were then transferred to exchanges such as OKX, Bybit, and Gate.

According to Bits.media, the Financial Markets Committee of the Russian State Duma has recommended rejecting the amendment to relax restrictions on cryptocurrency trading. The committee opposes raising the annual limit for non professional investors to purchase cryptocurrencies through a single intermediary from 300000 rubles to 600000 rubles, and rejects proposals to expand the list of tradable cryptocurrencies. The unapproved amendments also include provisions allowing the use of non custodial wallets, removing mandatory consent requirements for transactions by digital custodians, and requiring custodians to insure against risks such as hacker attacks. The final version of the bill retains the authority of the custodian to inspect and freeze transactions. The bill was originally planned to be passed before July 1st, but has now been postponed to September 1st. The chairman of the Duma Financial Committee stated that the relevant penalty provisions will not be approved before September.