News linked to this event type.
on-chain data platform Allium posted on X, stating that it recorded Hyperliquid trader positions 36 minutes before the CXMT IPO to observe market changes around the public listing.Data shows that CXMT has been tradable for 12 days; one minute before the IPO, the deviation between the perpetual contract price and the opening price was within 3%; 15-minute trading volume grew from $1 million the previous day to $14 million; total pre-IPO trading volume reached $17.8 million. Smart money traders had established short positions before the IPO and profited, with most continuing to hold or even increasing their positions. Wallets from the US and Hong Kong were the most long, while wallets from South Korea were the most short. Most long positions came from traders who newly joined Hyperliquid over the past weekend.
CryptoQuant analyst Darkfost stated that since the beginning of the year, Bitcoin's overall demand structure has shown weakness, primarily exhibiting two states: first, simultaneous contraction of spot and futures demand; second, a brief rebound in futures demand driven solely by speculation, while spot demand continued to shrink.
crypto exchange BitMart announced it will gradually wind down its trading platform business after nine years of operation. The platform halted new user registrations, deposits, and order placements at 01:30 UTC on July 26. All spot and derivatives trading will cease on August 26, and the platform is scheduled to officially shut down on January 31, 2027. BitMart stated that withdrawals will remain open, but checks related to identity, devices, sanctions, and funding sources may slow processing speeds. The company attributed the closure to its operational status, market conditions, and future strategic direction. Its native token, BMX, has fallen 81% over the past week to $0.057, bringing its market cap down to $19.6 million. BitMart previously suffered a loss of $196 million in December 2021 due to a hot wallet vulnerability, and covered the customer losses. Perpetual contract platform BitMEX also recently announced it will shut down after 11 years of operation, making BitMart the second major crypto exchange to announce a closure within a week.
CryptoQuant data shows USDC exchange flows have turned back to net inflows after over two months of net outflows. This shift may indicate that U.S. buying funds are re-entering the crypto market. (Cointelegraph)
According to on-chain analysis platform Lookonchain (@lookonchain), in the past two hours, 3 newly created wallet addresses suspected to belong to the same whale spent a total of $50.04 million in DAI to buy 25,425 ETH, with an average buy price of $1,968.
据链上分析师余烬（@EmberCN）监测，半小时前一头巨鲸在链上以 3,585 万枚 DAI 买入 18,030枚 ETH，均价约 1,988 美元。
According to on-chain analyst Ai Yi (@ai_9684xtpa), address 0x365…37df5 purchased 9,046.17 ETH on-chain at an average price of $1,968 within the past 50 minutes, with a total value exceeding $17.8 million, and subsequently transferred the tokens in batches to address 0xdbf…Fe815.
Odaily News According to on-chain analyst Ai Yi's monitoring, an address purchased 9,046.17 ETH on-chain at an average price of $1,968 in the past 50 minutes, with a value exceeding $17.8 million, and subsequently transferred the tokens in batches to another address.
Affected by corporate bankruptcy risks, high interest rates, and macroeconomic uncertainties, fundraising for Asian private credit funds continues to cool. PitchBook data shows that only five Asian private credit funds completed fundraising in the first half of this year, raising a total of $1.2 billion, the lowest level for the same period in at least 12 years. During the same period in 2025, a total of 29 funds raised $9.5 billion. If the fundraising pace remains unchanged in the second half of the year, 2026 is set to become the quietest year for the Asian private credit market in at least 12 years.Over the past year, the collapse of multiple borrowing companies has led to large-scale redemptions by retail investors from private credit funds. However, some large institutions are still increasing their positions against the tide, hoping to capitalize on opportunities arising from the withdrawal of retail funds. For example, Singapore's Temasek has announced plans to increase its private credit allocation from 2% to 5% by 2031. (Financial Times)
According to Korean media Asiae, six top Silicon Valley VC firms, including Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA, announced the signing of a strategic investment cooperation memorandum of understanding (MOU) with the South Korean National Pension Service (NPS), planning to jointly explore investment opportunities, share investment information, and strengthen their global venture capital layout. Additionally, with the South Korean government accelerating policies to attract overseas venture capital, coupled with the launch of the 200 trillion won "National Growth Fund," the market expects the Korean venture capital sector to see simultaneous inflows of policy funds, private capital, and overseas capital, with strategic industries such as AI and semiconductors expected to receive more investment. However, industry insiders warn that if a large amount of capital concentrates on a few popular enterprises, it may push up corporate valuations and create bubbles, potentially facing valuation correction pressure during future IPO and M&A exits, affecting fund return rates.
CryptoQuant analyst Axel Adler Jr. stated on X platform that Bitcoin's MVRV Z-Score has dropped to approximately 0.42, about four times lower than its historical average of 1.7, indicating Bitcoin is currently in an undervalued zone. However, this metric has not yet entered negative territory, suggesting the market has not shown the "capitulation selling" typically associated with cycle bottoms.Meanwhile, Bitcoin's 7-day Realized P/L has turned positive from negative, currently standing at approximately $239 million, indicating that on-chain selling pressure has eased. The analysis suggests that while the market is currently in an undervalued and short-term stabilization phase, it has yet to show the capitulation signal needed to confirm a cycle bottom, nor is there clear demand-driven momentum from a new cycle.
According to crypto KOL AB Kuai.Dong (@_FORAB), in September 2021, Country Garden injected 2 billion yuan into CXMT at 2.22 yuan per share, acquiring 901 million shares. At the end of 2024, due to being deeply mired in the real estate liquidity crisis, Country Garden was forced to liquidate all its CXMT equity at the original price, with Hefei state-owned capital taking over. If held to date, the return on this investment would be as high as 23 times. Hefei state-owned capital continues to bet on CXMT, currently holding 36.79%, with book returns exceeding 1 trillion yuan.
a Milk Road AI analyst posted an analysis on X regarding the surge in CXMT's (ChangXin Memory Technologies) stock price. The analyst noted that in the past year, CXMT's global DRAM market share has risen from less than 4% to approximately 7.7%-8%. In the first quarter of this year, its revenue surged 719% year-over-year to 50.8 billion RMB. This growth is primarily attributed to Samsung, SK Hynix, and Micron shifting more production capacity towards AI server memory (especially HBM), creating a supply gap in the traditional DDR5 and LPDDR5 markets, which CXMT has capitalized on to fill the demand for mid-to-low-end DRAM.However, CXMT's current production capacity remains far from sufficient to meet global demand. Its monthly wafer capacity is approximately 290,000 to 320,000 wafers, significantly lower than Samsung's roughly 630,000 wafers and SK Hynix's approximately 500,000 wafers. Additionally, US export restrictions on advanced lithography equipment are also constraining CXMT's pace of further expansion.The analyst believes that CXMT will find it difficult to enter the HBM market in the short term and therefore will not change the supply-demand dynamics of AI memory. Samsung, SK Hynix, and Micron will continue to maintain their advantages in high-margin products such as HBM, server DRAM, and LPDDR5X, suggesting that the global memory shortage cycle may persist.
According to Odaily, a 26-year-old male trader at Hong Kong's Chee Fu Management Services Limited allegedly misappropriated HK$50 million of company funds as margin to purchase the CSOP Direxion 2x Long SK Hynix ETF using leveraged financing.Due to the double leverage of margin financing combined with the 2x leveraged ETF, the position incurred paper losses of approximately HK$150 million. The ETF had risen to an all-time high of HK$193.65 in late June, but subsequently corrected along with the semiconductor sector, falling over 72% to HK$52.58 as of July 20.The trader has been arrested by police on suspicion of theft. As the position has not yet been closed, the final loss will continue to fluctuate with price movements. (Tencent News)
According to Tencent News "YiXian", a 26-year-old male trader at Hong Kong Zhi Fu Management Services Limited misappropriated 50 million HKD of company funds as margin without authorization between January 9 and July 20 this year, using financing leverage to heavily buy the HKEX-listed CSOP 2x Long SK Hynix ETF (07709.HK), ultimately resulting in paper losses of up to 150 million HKD. Driven by the memory chip theme, the ETF surged to a historical high of HKD 193.65 at the end of June this year, but subsequently the semiconductor sector corrected sharply. As of July 20, it had plummeted to HKD 52.58, a decline of over 72%. Hong Kong financial professionals analyzed that the combination of double leverage from margin financing and the 2x Long ETF was the main reason why the 50 million principal turned into a 150 million huge loss. The incident was uncovered during the company's recent audit. The man involved was arrested by the police on July 20 on suspicion of "theft". Currently, the relevant stock positions have not yet been forcibly liquidated, and the final loss remains uncertain. After the incident, some clients of Zhi Fu Securities made risk-avoidance withdrawals.
according to on-chain analyst Ai Yi's monitoring, a whale has withdrawn another 120 WBTC, worth approximately $7.8 million, from the exchange over the past two hours. As of now, this whale has accumulated a total of 59,400 ETH and 820 WBTC since July, with a total value of $156 million. The average cost is approximately $1,742 and $64,329, respectively, with floating profits of $8.927 million.
Odaily News: According to Onchain Lens monitoring, a whale has accumulated and withdrawn 281,140 LINK from Binance, worth approximately $2.45 million. The wallet had previously received ETH from Binance 58 days ago to pay for gas fees.
According to charts released by independent analyst Markus Thielen on July 27, 2026, the Bitcoin price and Relative Strength Index (RSI) trends show a clear divergence signal. The RSI recently fell to the 30% oversold zone, then rebounded to around the 50% level, while the BTC price also recovered from near the lows to approximately $64,645. Notably, the purple downward trend line in the chart shows that since the June 2025 high (approximately $125,000), BTC has been overall in a downward channel; the current price is still suppressed by this resistance line, and whether it can effectively break through will be key to judging subsequent trends.
According to TechFlow Research, Bank of America's Global Memory Weekly Report on July 24 pointed out that PC DRAM contract prices in July rose 15%-20% month-over-month, with Q3 month-over-month increases reaching 30%-40%, far exceeding TrendForce's forecast of 13%-18%, and spot prices strengthened simultaneously. South Korea's semiconductor exports in the first 20 days of July totaled $22.1 billion, up 181% year-over-year; China's memory imports in June reached $32 billion, hitting a record high, up approximately 250% year-over-year, while the impact of CXMT's capacity expansion remains limited. Bank of America analysts expect Google's capital expenditures in 2026/2027 to reach $200 billion/$300 billion respectively, a significant increase from $91 billion in 2025, implying that memory chip procurement in 2027 needs to be more than 50% higher than in 2026. Google's annual cash and equivalents from 2026-2028 will exceed $50 billion, which is a positive signal for memory chip capacity expansion. Samsung Electronics is expected to announce large-scale buybacks, early dividend payments, and more optimistic second-half/2027 guidance at its July 30 earnings conference call; Bank of America maintains a buy rating on Samsung.
on July 27 that during an interview with crypto KOL Ansem, Coinbase CEO Brian Armstrong stated that the crash of related Meme coins triggered by his change of X avatar was a complete misjudgment of the community's reaction. He described it as a "wake-up call" and said he will try to communicate expectations more clearly in the future.Previously, the Meme coin Brain attracted market attention because it adopted the native B20 token standard introduced by the Base chain's Beryl upgrade, and its token name was derived from Brian Armstrong. After Brian Armstrong briefly changed his X avatar to match the coin's icon, the community speculated, driving up trading activity.Later, when Brian Armstrong changed his X avatar again, Brain faced massive sell-offs and gradually collapsed to zero, sparking controversy within the community.