
Main Points:
- Record Short Position: A 1,097.47 BTC (¥17.5 billion / $119.7 million) short on Hyperliquid rattles the market.
- Bitcoin-Paid Executive: Remix Point’s CEO to receive 100% of salary in BTC, underscoring firm confidence.
- Ripple CEO in Washington: Brad Garlinghouse testifies July 9 in Senate market-structure hearing, amid “Crypto Week” legislative push.
“Crash Signal or Market Correction?”
Bitcoin’s ¥17.5 Billion Short Stuns Traders
On July 8, 2025, decentralized derivatives exchange Hyperliquid recorded a colossal short position totaling 1,097.47 BTC, equivalent to ¥17.5 billion (approximately $119.7 million, at ¥146.28/USD). Such a position—betting on a price decline—was collateralized with just 4 million USDC at 40× leverage, indicating an audacious conviction by a seasoned derivatives trader who previously pocketed $13.6 million in profits.
Historically, mega-shorts of this magnitude have preceded sharp downward corrections in Bitcoin’s price, but not invariably so. Often, such positions amplify volatility without fully triggering a crash, especially if bullish momentum—fueled by events like BTC ETF approvals or institutional buying—reasserts itself.
Recent Trend Additions:
- A dormant 2011 wallet moved 215,000 BTC ($8.6 billion) on July 7, sparking speculation of a security reshuffle rather than a sell-off.
- Meanwhile, a crowd of whale-sized long positions keeps funding rates elevated, hinting that bettors remain split on direction.
Below is a visual snapshot of Bitcoin’s correlation with major assets—a key gauge of its risk-asset behavior.

“Revolutionary Compensation”
Remix Point’s Bold Bitcoin Salary Move
On July 8, 2025, Tokyo-listed Remix Point Inc. announced that henceforth, its President and CEO will receive 100% of executive compensation in Bitcoin. As a company bridging energy and crypto trading, this maneuver serves multiple strategic intents:
- Alignment of Interests: By holding salary in BTC, leadership shares direct exposure to market swings, linking personal incentive with corporate performance.
- Demonstration of Utility: Beyond speculation, paying salaries in Bitcoin amplifies its role as a usable currency.
- Marketing Signal: As one of the first Japanese public firms to adopt this model, Remix Point sends a strong message on crypto’s institutional legitimacy.
Broader Context: Compensation in crypto is gaining traction globally. In March 2025, several U.S. startups allowed employees to opt for partial Bitcoin pay, reflecting growing payroll infrastructure via solutions like BitPay and Deel.
Implications for Investors:
- Watch for potential volatility in the company’s earnings reports, as fluctuations in BTC/USD could swing reported compensation expenses.
- Monitor regulatory responses in Japan, where the Financial Services Agency (FSA) has yet to issue clear guidance on crypto-denominated salaries.
“Emergency Alert”
Ripple CEO’s Senate Testimony on Crypto Legislation
On July 9, 2025, Ripple Labs CEO Brad Garlinghouse appeared before the Senate Banking Committee to advocate for the Market Structure for Digital Assets Act and related bills. His testimony emphasized:
- Regulatory Clarity: Current U.S. rules are fragmented, hindering innovation.
- Division of Oversight: Proposes clear delineation between the SEC (securities) and CFTC (commodities) for digital assets.
- Consumer Protections: Calls for disclosures and reserve requirements for stablecoin issuers.
This hearing kicks off “Crypto Week” in Congress (July 14–20), during which three key bills are slated for votes: the bipartisan GENIUS Act (stablecoin oversight), the CLARITY Act (jurisdiction definitions), and the Anti-CBDC Surveillance State Act. Passage could reshape the U.S. into a global regulatory leader, influencing markets worldwide and particularly impacting Japan’s policy direction.
Key Takeaways for Practitioners:
- A lighter framework may spur institutional entry, boosting liquidity and trading volumes.
- Clear stablecoin rules could eliminate current legal ambiguities, benefitting DeFi protocols and payment platforms.
- Watch deadlines: House votes begin July 15; Senate floor consideration expected by end of the month.
Conclusion: Navigating Volatility with Informed Strategy
The events of July 9–10, 2025, underscore the dual nature of today’s crypto landscape: ferocious market bets on one hand, and high-stakes political maneuvering on the other. Traders must gauge the impact of outsized short positions and dormant wallet moves, while corporates eye novel compensation schemes that bind leadership to Bitcoin’s trajectory. Simultaneously, Ripple’s Senate testimony and Crypto Week’s legislative agenda promise to redefine rules of engagement, potentially unlocking fresh capital but also ushering in new compliance requirements.
For investors and blockchain practitioners, the path ahead demands:
- Diligent Monitoring: Track on-chain metrics (funding rates, wallet activity) alongside CFTC/SEC announcements.
- Strategic Hedging: Use derivatives or stablecoin holdings to cushion against sudden swings.
- Regulatory Engagement: Stay informed of bill progress and prepare for compliance adjustments in cross-border operations.
Above all, maintaining a flexible, research-driven approach will be crucial. As crypto’s story unfolds—from 1,097 BTC shorts to CEO-level crypto paychecks and Capitol Hill debates—opportunities and risks will emerge in equal measure. Positioned wisely, this dynamic environment can be a rich source of innovation and profit.