[Bitpush Daily News Selection] Galaxy Digital completed the sale of 80,000 bitcoins, with a market value of over $9 billion; Dragonfly confirmed that the US government is considering suing it for its early support of Tornado Cash; hedge funds' bullish bets on gold rose to the highest level since April

Bitpush Editor's Daily Selected Web3 News: **[ Galaxy Digital Completes Bitcoin Sale Transaction of 80,000 Bits, Market Value Exceeding $9 Billion]** Global digital asset and data center infrastructure leader Galaxy Digital Inc. (NASDAQ: GLXY / Toronto Stock Exchange: GLXY) announced today that it has successfully completed one of the largest Bitcoin transactions in cryptocurrency history on behalf of a client. Galaxy completed a sale transaction of over 80,000 Bits for an early Satoshi-era investor, with a total value exceeding $9 billion at current market prices. This transaction represents one of the earliest and most significant exits in the digital asset market, part of the investor's broader estate planning strategy. **[Dragonfly Confirms: US Government Considering Prosecution for Early Support of Tornado Cash]** According to The Block, crypto venture capital firm Dragonfly has confirmed that the US government is considering charges against them for early support of the decentralized mixing service Tornado Cash. Dragonfly Ventures co-founder Haseeb Qureshi stated on X platform that Dragonfly invested in PepperSec, Inc., Tornado Cash's developers, in August 2020, driven by a belief in the importance of open-source privacy protection technology. He noted that the government has now publicly declared its consideration of a lawsuit regarding Dragonfly's 2020 investment in the Tornado Cash team. This news comes amid ongoing litigation against Tornado Cash co-founder Roman Storm, who faces charges of conspiracy to launder money and violating sanctions. **[Hedge Funds' Gold Bullish Bets Rise to Highest Level Since April]** Before progress in trade negotiations between the US and EU, fund managers have raised their bullish gold bets to the highest level since April this year. As of the week of July 22, hedge funds and other large speculators increased their net long positions by 19% to 170,868 contracts. US government data released on Friday shows this is the highest level in 16 weeks. The trade war launched by the Trump administration has driven gold prices up 27% this year. Despite easing trade tensions potentially weakening safe-haven demand, gold continues to be supported by strong central bank purchases. **[Binance Founder CZ Denies Involvement in BNB Treasury Reserve Company Fundraising]** Binance founder CZ denied participating in fundraising to create a BNB treasury reserve company. Community members claimed CZ was involved in an listed company where he holds 28% stake, raising funds to create a MicroStrategy for BNB, which closed its seed round last weekend, without revealing the specific company. CZ responded to these claims, stating they are false. **[ETH Version of MicroStrategy SharpLink Announces Former BlackRock Digital Assets Strategy Head as Co-CEO]** ETH version of MicroStrategy SharpLink Gaming announced that Joseph Chalom, former BlackRock digital assets strategy head, has joined as Co-CEO. Joseph Chalom previously helped launch BlackRock's Bitcoin spot ETF IBIT, Ethereum spot ETF ETHA, and BUIDL (the first tokenized government bond fund on Ethereum). **[Bitwise CIO: Forces Driving Four-Year Cycle Weakening, Crypto Market to Enter Sustained Stable Boom Period]** Bitwise CIO Matt Hougan stated that the forces driving previous four-year cycles are weakening, and everything indicates that long-term positive forces for cryptocurrency will overwhelm traditional four-year cycle forces (if they still exist), with 2026 expected to be a strong year. The market will enter a sustained stable boom period, rather than a super cycle.