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“AI Stock God” Faces Trading Drawdown, Seeking New Funding Support
The Situational Awareness fund, managed by "AI Stock God" Leopold Aschenbrenner, accumulated a gain of 439% before June 2026. However, it suffered severe setbacks during the AI sector sell-off in July. The fund is currently communicating with existing investors and lenders to seek new capital and is offering some LPs the opportunity to purchase assets from its portfolio.Sources say this capital discussion appears more like an ad-hoc response than an organized new fundraising round. The fund had previously used leverage through prime brokers at several major investment banks to amplify its AI trading exposure, turning market drawdowns further into funding pressure.In a letter to investors on July 24, Aschenbrenner acknowledged that the fund failed to avoid this market shock, noting that Asian markets were particularly affected. However, he believes this sell-off could present the best buying opportunity since early 2025. He plans to open a window for new capital on August 1st and views Anthropic's potential IPO as a catalyst for the second half of the year.According to disclosures, some holdings saw significant declines in July. Oracle and AMD fell approximately 20% for the month, while Nebius, Saronic AI, Bloom Energy, Sandisk, and others saw even larger drops. The Nasdaq 100 index fell about 10% in July, and South Korea's Kospi index dropped by roughly one-third.Currently, lacking specific data on the fund's exact drawdown magnitude, it is difficult to determine whether this fundraising is a passive capital injection driven by leverage pressure or an active move to increase positions for an opportunity. However, market trends suggest it is closer to the former. If forced selling occurs, the deleveraging process could also create discount opportunities in assets whose fundamentals haven't materially changed.
South Korea Advances New Telecom-Financial Anti-Fraud Regulations: Crypto Assets to be Included in Victim Compensation Scope
: The South Korean Financial Services Commission has published a revision draft of the "Enforcement Decree of the Special Act on Prevention of Telecommunications-Based Financial Fraud and Refund of Damages." The plan includes transferring funds from phone scams that have been moved into crypto assets under the scope of victim compensation, and clarifies the standards for returning and valuing crypto assets. The relevant regulations are expected to take effect on October 1st.According to the new regulations, if the frozen assets are cryptocurrencies, victims will, in principle, receive compensation in the same type and quantity of assets. If the defrauded assets differ in form from the frozen assets, compensation will be made in the form of the assets actually existing at the time the account was frozen. In cases involving a mixture of cash and crypto assets, regulators will value the crypto assets based on the market price at the time of freezing to determine the final compensation amount. The South Korean Financial Services Commission stated that clarifying the asset form for return and the valuation time point will facilitate faster and fairer compensation in complex cases where funds from multiple victims are mixed. It is reported that the public consultation period for the revision draft will last until August 24th. (Etoday)
Gate Europe CEO: More MiCA-licensed crypto companies may exit the EU market
Giovanni Cunti, CEO of Gate Europe, stated that some crypto companies which have already obtained licenses under the EU's Markets in Crypto-Assets Regulation (MiCA) may still exit the EU market due to rising compliance costs. Cunti indicated that stricter regulatory requirements make it more difficult for new entrants to compete, and some licensed companies may not be able to sustain the costs and resources required for ongoing operations under this framework in the long term. MiCA is the EU's regulatory framework for crypto assets. The 18-month transitional period ended on July 1st, and crypto companies serving EU clients must either obtain authorization or cease providing regulated services. Binance failed to obtain a MiCA license before the deadline. Last Friday, the European Securities and Markets Authority (ESMA) added 14 crypto asset service providers (CASPs) to its register, bringing the total number of authorized companies to 294. Cunti noted that the number of market operators in Europe has already decreased from thousands to hundreds.
South Korea Advances New Telecom-Financial Anti-Fraud Regulations: Crypto Assets to be Included in Victim Compensation Scope
: The South Korean Financial Services Commission has published a revision draft of the "Enforcement Decree of the Special Act on Prevention of Telecommunications-Based Financial Fraud and Refund of Damages." The plan includes transferring funds from phone scams that have been moved into crypto assets under the scope of victim compensation, and clarifies the standards for returning and valuing crypto assets. The relevant regulations are expected to take effect on October 1st.According to the new regulations, if the frozen assets are cryptocurrencies, victims will, in principle, receive compensation in the same type and quantity of assets. If the defrauded assets differ in form from the frozen assets, compensation will be made in the form of the assets actually existing at the time the account was frozen. In cases involving a mixture of cash and crypto assets, regulators will value the crypto assets based on the market price at the time of freezing to determine the final compensation amount. The South Korean Financial Services Commission stated that clarifying the asset form for return and the valuation time point will facilitate faster and fairer compensation in complex cases where funds from multiple victims are mixed. It is reported that the public consultation period for the revision draft will last until August 24th. (Etoday)
ZachXBT: AscendEX Has Almost No Available Liquid Assets to Cover User Withdrawals
on-chain investigator ZachXBT has released verification information, stating that crypto exchange AscendEX has officially announced its cessation of operations, and the platform's current liquid assets are almost insufficient to cover user withdrawal demands. According to the platform announcement, the shutdown is primarily due to market conditions and the EU MiCA regulatory framework. Starting July 1st, all services including account opening, trading, and deposits will be fully suspended, with only basic functions such as account inquiry and withdrawals remaining open. After July 6th, all withdrawal channels will cease automatic processing and switch entirely to manual review. The official team has candidly warned that withdrawals may be significantly delayed or even impossible to process.ZachXBT’s investigation found that pending user claims amount to millions of dollars, yet the platform’s available liquid assets in hot wallets are severely insufficient. AscendEX is currently evaluating its financial status and a plan for handling user assets, with subsequent arrangements to be announced separately.
CZ: Binance’s Greek MiCA License Application Was Nearly Approved, Withdrawn Due to External Factors
Binance founder CZ stated that the company's MiCA license application in Greece fully met regulatory requirements before its withdrawal and was close to approval. However, the process was ultimately disrupted due to the intervention of "external political factors."In an interview, CZ mentioned that several countries within the EU had expressed interest in the license, with some even showing a degree of "competitive pursuit." Ultimately, the regulatory progress was affected by factors outside the regulatory sphere, forcing the withdrawal of the application. Binance formally withdrew its Greek application last week and stated it would pursue MiCA authorization in other EU member states. Addressing market rumors linking him to high-level EU political figures, CZ said he had not seen any verifiable documents and had only encountered similar claims online, which he could not confirm.CZ also noted that the MiCA transitional period in the EU is set to end on July 1st. After that date, platforms without a license must cease related services. National regulatory bodies have made it clear there will be no extensions. He described the outcome as a "lose-lose situation" and, citing the regulatory histories of Japan and Singapore, emphasized that compliance processes often require a longer cycle.Furthermore, when discussing Strategy's STRC preferred stock product, CZ described its structure as "too complex" and said he found it difficult to fully understand its mechanism. However, he stressed that he was not making a judgment on the credibility of its founder, Michael Saylor, whom he considers a "staunch Bitcoin supporter." (The Block)
Grayscale: Strategy’s Bitcoin Sales Amplify Market Volatility, Future Accumulation Capacity May Be Limited
Zach Pandl, Head of Research at Grayscale Research, stated that the market experienced a new wave of volatility following Strategy's disclosure on June 1st of selling 32 Bitcoin. Although the sale is negligible compared to its holdings of approximately 840,000 Bitcoin (worth about $55 billion), this rare reduction move still impacted market sentiment.Pandl pointed out that the more noteworthy development is the performance of Strategy’s Variable Rate Preferred Stock STRC (Stretch). The product has a design target price of around $100 and currently offers a dividend yield of 11.5%. When the stock price falls below $100, it indicates that investors are demanding a higher rate of return, which may force the company to increase dividend levels. This would increase future cash flow pressure and potentially compel it to sell more Bitcoin for fundraising, further weighing on BTC prices. Strategy's leveraged Bitcoin reserve model is facing challenges. At current STRC and MSTR share price levels, the company's ability to continue large-scale Bitcoin accumulation may be constrained.However, Pandl noted that in the long term, the migration of Bitcoin holdings from highly leveraged digital asset reserve companies to more diversified corporate balance sheets will help enhance market resilience and improve Bitcoin's long-term value support. He expects Bitcoin to resume its upward trend in the coming months, but its near-term performance may lag behind crypto asset sectors that benefit more directly from regulatory clarity.
CME to Launch Bitcoin Volatility Futures, Enabling Non-Directional Trading
: CME Group has announced the launch of cash-settled Bitcoin Volatility Futures, scheduled to go live on June 1st (pending regulatory approval).Based on the 30-day Implied Volatility Index (BVX), this product allows traders to trade or hedge Bitcoin volatility without speculating on the direction of price movements.The new contract is expected to carry the ticker symbol BVI, with a contract multiplier of $500 x the index value, aiming to provide the market with a more refined risk management tool.
“AI Stock God” Faces Trading Drawdown, Seeking New Funding Support
The Situational Awareness fund, managed by "AI Stock God" Leopold Aschenbrenner, accumulated a gain of 439% before June 2026. However, it suffered severe setbacks during the AI sector sell-off in July. The fund is currently communicating with existing investors and lenders to seek new capital and is offering some LPs the opportunity to purchase assets from its portfolio.Sources say this capital discussion appears more like an ad-hoc response than an organized new fundraising round. The fund had previously used leverage through prime brokers at several major investment banks to amplify its AI trading exposure, turning market drawdowns further into funding pressure.In a letter to investors on July 24, Aschenbrenner acknowledged that the fund failed to avoid this market shock, noting that Asian markets were particularly affected. However, he believes this sell-off could present the best buying opportunity since early 2025. He plans to open a window for new capital on August 1st and views Anthropic's potential IPO as a catalyst for the second half of the year.According to disclosures, some holdings saw significant declines in July. Oracle and AMD fell approximately 20% for the month, while Nebius, Saronic AI, Bloom Energy, Sandisk, and others saw even larger drops. The Nasdaq 100 index fell about 10% in July, and South Korea's Kospi index dropped by roughly one-third.Currently, lacking specific data on the fund's exact drawdown magnitude, it is difficult to determine whether this fundraising is a passive capital injection driven by leverage pressure or an active move to increase positions for an opportunity. However, market trends suggest it is closer to the former. If forced selling occurs, the deleveraging process could also create discount opportunities in assets whose fundamentals haven't materially changed.
Binance app unavailable on Google Play in some EU countries
Binance’s Android app is no longer available on the Google Play Store in several European Union countries. Spanish users have confirmed that the Binance app can no longer be found through Google Play searches, though it remains accessible via the Oppo App Market, an Android app store used by Oppo devices. Checks in Poland indicate that the Binance app is still available on Google Play, suggesting the situation does not cover all EU markets. Last week, OKX Europe CEO Erald Ghoos stated on X that the app was removed due to licensing requirements under the Markets in Crypto-Assets Regulation (MiCA). This development comes weeks after Binance withdrew its MiCA application in Greece. The transition period for the framework ended on July 1st. Subsequently, Binance notified some EU users that access to certain services would be restricted, although withdrawals remain available.
Oracle's stock decline leads to Larry Ellison's assets dropping by $124.8 billion in one month
on the 14th local time that, according to Forbes, Oracle founder and chairman Larry Ellison's assets have decreased by $124.8 billion (approximately 186 trillion Korean won) in just over a month. On the 1st of last month, Oracle's stock price was $250 per share. Holding 40% of Oracle, Larry Ellison's total assets exceeded $300 billion, making him the world's second-richest person after Elon Musk. Recently, Oracle has faced continuous selling pressure. On the 13th, its stock price fell to $133 per share, its lowest level in 14 months. Larry Ellison's assets dropped to $175.2 billion, pushing his wealth ranking down to 8th place, below NVIDIA CEO Jensen Huang's $176.3 billion.Last year, Oracle signed a $300 billion contract with AI startup OpenAI and began building related infrastructure like data centers. Oracle has already invested $55.7 billion in AI data centers and announced an additional $70 billion investment. On the 9th, Standard & Poor's downgraded Oracle's credit rating from BBB to BBB-, a level just above junk bond status. (ETNews SW).
A certain address has withdrawn a total of $31.438 million worth of ETH and WBTC since July, now showing an unrealized profit of $3.144 million
: According to on-chain analyst Ai Yi's monitoring, a certain address has resumed its coin accumulation mode after a five-day pause, withdrawing 9,882.11 ETH from Binance in the past 7 hours. Since July 1st, this address has withdrawn a total of 34,600 ETH and 250 WBTC, with average withdrawal prices of $1,663.87 and $62,628 respectively, and currently holds an unrealized profit of $3.144 million.
ZachXBT: AscendEX Has Almost No Available Liquid Assets to Cover User Withdrawals
on-chain investigator ZachXBT has released verification information, stating that crypto exchange AscendEX has officially announced its cessation of operations, and the platform's current liquid assets are almost insufficient to cover user withdrawal demands. According to the platform announcement, the shutdown is primarily due to market conditions and the EU MiCA regulatory framework. Starting July 1st, all services including account opening, trading, and deposits will be fully suspended, with only basic functions such as account inquiry and withdrawals remaining open. After July 6th, all withdrawal channels will cease automatic processing and switch entirely to manual review. The official team has candidly warned that withdrawals may be significantly delayed or even impossible to process.ZachXBT’s investigation found that pending user claims amount to millions of dollars, yet the platform’s available liquid assets in hot wallets are severely insufficient. AscendEX is currently evaluating its financial status and a plan for handling user assets, with subsequent arrangements to be announced separately.
A whale has accumulated $31.43 million in ETH and $6.24 million in WBTC over 3 days, with an unrealized profit of $3.3 million on ETH.
According to monitoring by on-chain analyst Ember, a whale has been continuously withdrawing ETH from Binance since the 1st, currently holding an unrealized profit of $3.3 million on ETH. 4 hours ago, the whale withdrew another 100 WBTC, valued at $6.24 million, from Binance. Over the past 3 days, this whale has accumulated a total of 19,752 ETH, valued at $31.43 million, and 100 WBTC, valued at $6.24 million. The price of ETH was $1,591, and the price of BTC was $62,390. During the same period, ETH rebounded by $200, and BTC rebounded by $4,000.
“AI Stock God” Faces Trading Drawdown, Seeking New Funding Support
The Situational Awareness fund, managed by "AI Stock God" Leopold Aschenbrenner, accumulated a gain of 439% before June 2026. However, it suffered severe setbacks during the AI sector sell-off in July. The fund is currently communicating with existing investors and lenders to seek new capital and is offering some LPs the opportunity to purchase assets from its portfolio.Sources say this capital discussion appears more like an ad-hoc response than an organized new fundraising round. The fund had previously used leverage through prime brokers at several major investment banks to amplify its AI trading exposure, turning market drawdowns further into funding pressure.In a letter to investors on July 24, Aschenbrenner acknowledged that the fund failed to avoid this market shock, noting that Asian markets were particularly affected. However, he believes this sell-off could present the best buying opportunity since early 2025. He plans to open a window for new capital on August 1st and views Anthropic's potential IPO as a catalyst for the second half of the year.According to disclosures, some holdings saw significant declines in July. Oracle and AMD fell approximately 20% for the month, while Nebius, Saronic AI, Bloom Energy, Sandisk, and others saw even larger drops. The Nasdaq 100 index fell about 10% in July, and South Korea's Kospi index dropped by roughly one-third.Currently, lacking specific data on the fund's exact drawdown magnitude, it is difficult to determine whether this fundraising is a passive capital injection driven by leverage pressure or an active move to increase positions for an opportunity. However, market trends suggest it is closer to the former. If forced selling occurs, the deleveraging process could also create discount opportunities in assets whose fundamentals haven't materially changed.
Bitwise CIO: The Next Crypto Bull Run Will Revolve Around Stablecoins, Tokenization, and Institutional DeFi
Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's increasing momentum, ETF demand, and institutional adoption may indicate early signs of a new crypto bull run, driven by factors including tokenization, stablecoins, and blockchain-based financial markets. Hougan pointed out that since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 has fallen by 6%. He noted that market sentiment and ETF flows have improved, but the market has not yet confirmed a bottom. Hougan believes the next crypto cycle will focus on the convergence of blockchain technology and traditional finance, encompassing stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to a trillion-dollar scale. Hougan views Hyperliquid and Robinhood as two paths for on-chain finance. He stated that nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Robinhood launched Robinhood Chain on July 1st to support tokenized stocks and DeFi services.
Arcus Launches Over 95 Stock Tokens and Perpetual Markets on Robinhood Chain
: Arcus, a decentralized exchange supported by Robinhood, launched tokenized stocks and perpetual futures on the Robinhood Chain on Tuesday. Arcus is built by the team behind the decentralized exchange dYdX and is supported by Robinhood Crypto. Arcus previously launched its spot market on July 1st when the Robinhood Chain went live. The platform offers over 95 stock tokens, perpetual markets, and crypto assets via self-custodial trading accounts, using USDG, a stablecoin issued by Paxos, as the primary collateral and settlement asset. The tokens launched on Arcus include stock tokens for major US companies such as Nvidia, Tesla, Apple, Microsoft, Meta, Google, and Amazon, as well as perpetual markets linked to stocks, ETFs, commodities, indices, and crypto assets. Arcus stated that its stock tokens are not available in the United States, Canada, the United Kingdom, and other restricted jurisdictions. The platform utilizes a self-custody model, allowing users to retain control of their assets and connect self-custodial wallets such as MetaMask, Ledger, and WalletConnect.
Michael Saylor: Publishes 110-Point Article Opposing Bitcoin BIP-110
Odaily Strategy Executive Chairman Michael Saylor published a 110-point article opposing the proposed Bitcoin soft fork BIP-110. BIP-110 plans to tighten Bitcoin's consensus rules within about a year, restricting the technology used for embedding arbitrary data, targeting non-financial data such as Ordinals and inscriptions. Michael Saylor stated that BIP-110 would invalidate currently valid transactions that pay fees through consensus changes, and claimed that Bitcoin cannot differentiate data intent. He believes that including a specific use case within the consensus layer restrictions would set a governance precedent. While the specific restrictions would expire in about a year, the precedent would not disappear. He also opposed the proposal's activation design, stating it lowers the miner signaling threshold from the 95% used in earlier soft forks to 55%, and removes the option that typically allows proposals to naturally expire. Data from a proposal monitoring dashboard shows current signaling support is below 1%. The mandatory signaling window for BIP-110 is scheduled to open in August, with a target activation date around September 1st. Michael Saylor's stance aligns with Blockstream CEO Adam Back, Casa's Jameson Lopp, and Bitcoin proponent Samson Mow. Opponents include developer Luke Dashjr and the Bitcoin Knots camp.
Gate Launches Esports Trading Season: Predict Esports Events and Share 200,000 USDT
Odaily, July 20 - According to official sources, Gate has launched the Esports Peak Trading Season from 16:00 on July 20 to 16:00 on August 10 (UTC+8), with a total prize pool of 200,000 USDT. During the event, users who register and participate in designated prediction trading for esports events in the Gate Polymarket esports section can enjoy newcomer benefits, weekly trading tasks, and the prediction trading leaderboard to share generous rewards. After the event, the top 100 users by cumulative prediction trading volume who meet the corresponding trading volume requirements can also share a 50,000 USDT leaderboard reward, with the 1st place winner eligible to receive up to 10,000 USDT. Currently, the Gate Prediction Market has launched prediction markets for popular events such as the 2026 KeSPA Cup "League of Legends" Chevor DRX vs. KT team, and more exciting events can be found on the platform for participation.According to data from Polymarket Builders, the Gate Prediction Market ranked first among Polymarket channels in single-day trading volume on July 19, and has also maintained a leading position in cumulative trading volume over the past week and month, ranking first among Polymarket channels. As the first centralized trading platform to integrate Polymarket, Gate has become a key entry point for users to participate in prediction markets. Users can enter Gate Polymarket via the Alpha section on the Gate App homepage and use USDT in their accounts to conveniently trade in prediction markets for popular esports events and championship outcomes. Users can also leverage the "Smart Money" feature to track the positions and market judgments of high-win-rate traders, gaining more reference for esports event predictions. Gate is continuously expanding the application scenarios of its prediction market, providing users with prediction trading experiences covering diverse events such as popular esports competitions.
ZachXBT: AscendEX Has Almost No Available Liquid Assets to Cover User Withdrawals
on-chain investigator ZachXBT has released verification information, stating that crypto exchange AscendEX has officially announced its cessation of operations, and the platform's current liquid assets are almost insufficient to cover user withdrawal demands. According to the platform announcement, the shutdown is primarily due to market conditions and the EU MiCA regulatory framework. Starting July 1st, all services including account opening, trading, and deposits will be fully suspended, with only basic functions such as account inquiry and withdrawals remaining open. After July 6th, all withdrawal channels will cease automatic processing and switch entirely to manual review. The official team has candidly warned that withdrawals may be significantly delayed or even impossible to process.ZachXBT’s investigation found that pending user claims amount to millions of dollars, yet the platform’s available liquid assets in hot wallets are severely insufficient. AscendEX is currently evaluating its financial status and a plan for handling user assets, with subsequent arrangements to be announced separately.
Related news
“AI Stock God” Faces Trading Drawdown, Seeking New Funding Support
The Situational Awareness fund, managed by "AI Stock God" Leopold Aschenbrenner, accumulated a gain of 439% before June 2026. However, it suffered severe setbacks during the AI sector sell-off in July. The fund is currently communicating with existing investors and lenders to seek new capital and is offering some LPs the opportunity to purchase assets from its portfolio.Sources say this capital discussion appears more like an ad-hoc response than an organized new fundraising round. The fund had previously used leverage through prime brokers at several major investment banks to amplify its AI trading exposure, turning market drawdowns further into funding pressure.In a letter to investors on July 24, Aschenbrenner acknowledged that the fund failed to avoid this market shock, noting that Asian markets were particularly affected. However, he believes this sell-off could present the best buying opportunity since early 2025. He plans to open a window for new capital on August 1st and views Anthropic's potential IPO as a catalyst for the second half of the year.According to disclosures, some holdings saw significant declines in July. Oracle and AMD fell approximately 20% for the month, while Nebius, Saronic AI, Bloom Energy, Sandisk, and others saw even larger drops. The Nasdaq 100 index fell about 10% in July, and South Korea's Kospi index dropped by roughly one-third.Currently, lacking specific data on the fund's exact drawdown magnitude, it is difficult to determine whether this fundraising is a passive capital injection driven by leverage pressure or an active move to increase positions for an opportunity. However, market trends suggest it is closer to the former. If forced selling occurs, the deleveraging process could also create discount opportunities in assets whose fundamentals haven't materially changed.
Binance app unavailable on Google Play in some EU countries
Binance’s Android app is no longer available on the Google Play Store in several European Union countries. Spanish users have confirmed that the Binance app can no longer be found through Google Play searches, though it remains accessible via the Oppo App Market, an Android app store used by Oppo devices. Checks in Poland indicate that the Binance app is still available on Google Play, suggesting the situation does not cover all EU markets. Last week, OKX Europe CEO Erald Ghoos stated on X that the app was removed due to licensing requirements under the Markets in Crypto-Assets Regulation (MiCA). This development comes weeks after Binance withdrew its MiCA application in Greece. The transition period for the framework ended on July 1st. Subsequently, Binance notified some EU users that access to certain services would be restricted, although withdrawals remain available.
Bitwise CIO: The Next Crypto Bull Run Will Revolve Around Stablecoins, Tokenization, and Institutional DeFi
Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's increasing momentum, ETF demand, and institutional adoption may indicate early signs of a new crypto bull run, driven by factors including tokenization, stablecoins, and blockchain-based financial markets. Hougan pointed out that since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 has fallen by 6%. He noted that market sentiment and ETF flows have improved, but the market has not yet confirmed a bottom. Hougan believes the next crypto cycle will focus on the convergence of blockchain technology and traditional finance, encompassing stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to a trillion-dollar scale. Hougan views Hyperliquid and Robinhood as two paths for on-chain finance. He stated that nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Robinhood launched Robinhood Chain on July 1st to support tokenized stocks and DeFi services.
Bitcoin mining difficulty has been adjusted for the 15th time this year, decreasing by 0.74%
the Bitcoin network completed its 15th difficulty adjustment of the year at block height 959,616, with mining difficulty decreasing by approximately 0.74%. Since 2026, the network has seen 9 downward adjustments and 6 upward adjustments.Since the beginning of 2026, Bitcoin mining difficulty has dropped from 146.47 trillion to 126.23 trillion, a decrease of 13.82%. Over the same period, the price of Bitcoin has fallen by 26% compared to January 1st; the estimated daily income per PH/s of hashrate (hashprice) has decreased from $37.39 to $32.21. Some large mining companies are redirecting their power resources towards AI infrastructure and cloud service customers. (News Bitcoin)
Bitwise CIO: Crypto Market Has Bottomed, New Bull Run Focus on HYPE and HOOD
Bitwise Chief Investment Officer Matt Hougan posted on platform X, stating that the crypto market has shown signs of bottoming out. Since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 Index has fallen by 6%. ETF fund flows have turned positive, and market sentiment is also improving.He also stated that the new bull run in the crypto market should focus on Hyperliquid (HYPE) and Robinhood (HOOD), as they are exemplary cases of combining traditional finance and cryptocurrency. Hyperliquid is a crypto financial application with real revenue and a solid token economic model, while Robinhood is an established company that has excelled in building businesses on crypto technology.
Arcus Launches Over 95 Stock Tokens and Perpetual Markets on Robinhood Chain
: Arcus, a decentralized exchange supported by Robinhood, launched tokenized stocks and perpetual futures on the Robinhood Chain on Tuesday. Arcus is built by the team behind the decentralized exchange dYdX and is supported by Robinhood Crypto. Arcus previously launched its spot market on July 1st when the Robinhood Chain went live. The platform offers over 95 stock tokens, perpetual markets, and crypto assets via self-custodial trading accounts, using USDG, a stablecoin issued by Paxos, as the primary collateral and settlement asset. The tokens launched on Arcus include stock tokens for major US companies such as Nvidia, Tesla, Apple, Microsoft, Meta, Google, and Amazon, as well as perpetual markets linked to stocks, ETFs, commodities, indices, and crypto assets. Arcus stated that its stock tokens are not available in the United States, Canada, the United Kingdom, and other restricted jurisdictions. The platform utilizes a self-custody model, allowing users to retain control of their assets and connect self-custodial wallets such as MetaMask, Ledger, and WalletConnect.