News linked to both this project and an event.
Odaily News: Data submitted by the FBI to a legislative committee shows that in 2025, losses related to cryptocurrency kiosks in Texas reached $56.8 million, involving 1,179 complaints, ranking first among all U.S. states. Nationwide, related complaints totaled 13,460, with reported losses surging 58% year-over-year to $389 million. Cryptocurrency kiosks accept cash and convert it into cryptocurrency, typically located at gas stations and convenience stores. According to Texas Tribune data, there are approximately 4,000 such machines in Texas. Scammers often trick victims into withdrawing cash from their bank accounts and depositing it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovery is nearly impossible, as the money typically flows to non-custodial wallets and then into mixers and other channels. He added that AI-generated impersonation content of police and state agencies has made phone-based scams more deceptive. AARP data shows that since 2023, around 30 U.S. states have enacted laws related to cryptocurrency kiosks. Indiana imposed a full ban on such machines in March, with Tennessee and Minnesota following suit. Texas House Committee Chairman Rep. Cole Hefner said the state will consider measures that go beyond the scope of regulation.
Bybit has announced the launch of a new rewards program, Bybit Galaxy, which for the first time unifies diverse interactions across the exchange into a single reward system. This encompasses multiple segments including trading, wealth management, fiat, payments, and interactive tasks, shifting the reward focus from trading volume to the entire platform product line.Users can earn Galaxy Points in two ways:Bybit users can earn Galaxy Points through the following two methods:1. Accumulate points by trading designated Galaxy trading pairs. Points are calculated based on effective trading volume, with a minimum starting threshold of $2.2. Complete daily tasks, which involve seven Bybit products: Wealth Management, Fiat, Lending, TradFi, Alpha, Bybit Card, and Bybit Pay.Users can start earning points upon their first visit to the Bybit Galaxy page, with no registration required. They can continue to climb the leaderboard through trading, borrowing, depositing, spending, and staking.Points can only be redeemed via the prize pool. The effective points threshold will be dynamically generated based on the value of each prize pool.The event begins on July 27, 2026, at 10:00 (UTC).
: Global payments company PayPal reported its second-quarter earnings, with earnings per share of $1.26, compared to $1.30 in the same period last year, falling short of the analyst consensus estimate of $1.28. Revenue reached $8.68 billion, surpassing last year's $8.29 billion and exceeding the analyst consensus estimate of $8.47 billion. PayPal recorded a non-GAAP adjustment of $81 million, related to gains and losses from strategic investments and crypto assets held for investment purposes. PayPal stated that since the company does not actively trade these assets and does not rely on them to fund ongoing operations, it excludes the related gains and losses from non-GAAP results. In its second-quarter investor presentation, PayPal stated that the company is leveraging its payments network, risk infrastructure, and trust capabilities to expand agent-based payments, stablecoins, identity, and biometric technologies. PayPal also noted that its PayPal World platform facilitated approximately $200 million in total payment volume between Venmo and PayPal.
CryptoQuant analyst Darkfost posted on X, stating that a significant liquidity cluster has formed below the current Bitcoin price, concentrated between $61,500 and $60,000. In the coming days, there is a possibility of a market pullback that could trigger liquidations within this liquidity zone. Typically, areas where a large number of stop-loss orders and leveraged positions gather are prone to attracting price volatility and become key targets for market liquidity release. However, this analysis is based on on-chain liquidity structure and does not necessarily mean the market will definitely drop to the aforementioned range. Investors should still pay attention to subsequent price trends and changes in market sentiment.
According to Korean media YNA, based on data from the Korea Exchange (KRX) and financial information institution Yonhap Infomax, as of July 24, Korean individual investors have cumulatively net purchased ETFs totaling 69.5 trillion won this year, accounting for 63.2% of the 109.9 trillion won net purchase amount in the Korea Composite Stock Price Index (KOSPI) market during the same period. Despite the Korean stock market recently entering a correction phase, individual investors continue to allocate to the market through ETFs rather than directly buying individual stocks.
According to Upbit's announcement, South Korean crypto exchange Upbit will list Euler (EUL) on the Korean Won (KRW) market on July 26 at 12:00 (KST), supporting deposits and withdrawals on the Ethereum network. Within approximately 5 minutes after trading opens, buy orders and some sell orders will be restricted; within approximately 2 hours after opening, only limit orders will be supported. Euler is a decentralized finance lending protocol based on Ethereum, allowing users to create lending markets and deposit or borrow assets. Euler v2, launched in 2024, adopts a modular Vault structure, supporting users in building lending markets based on different assets and risk preferences, and can be extended to scenarios such as RWA, synthetic assets, and NFTs. The EUL token is primarily used for governance, Fee Flow bidding, and reward mechanisms.
Odaily Odaily News According to on-chain analyst Ai Yi's monitoring, DEXE reached an all-time high of $49.432 on July 12. It began to decline on July 13, and on July 21, it experienced a single-day maximum drop of 88%, with the price falling from $46.93 to $5.648. Over 11 days, the decline reached 96.8%, with the price dropping from $49.423 to $1.56. Ai Yi stated that the large on-chain fund flows were primarily from CEX hot wallets, and no anomalies were found except for those involving Ceffu. Since July 13, the custody platform Ceffu has transferred a total of 797,900 DEXE to Binance, split across 6 transactions, with a total value of $6.15 million. This makes Ceffu the only entity, besides exchanges, to move over a million dollars worth of this token. Ai Yi noted that due to the Ceffu MirrorX mechanism, DEXE held in Ceffu generates a 1:1 mirrored position on the exchange, and on-chain asset transfers are settled automatically afterward. If this mechanism was used for front-running, the actual value corresponding to the 797,900 DEXE would be $39.44 million. Ai Yi further indicated that public records do not show the DEXE project team depositing tokens with Ceffu, with most tokens being held in the DAO treasury and team-related lock-up contracts. Among DEXE's official partners, Falcon had supported DEXE as collateral on its platform. Falcon's asset custodian includes Ceffu, and Falcon Finance is associated with DWF Labs, which is also on DEXE's partner list. Ai Yi stated that the above conclusions are based on on-chain data and public clues, and it cannot be ruled out that the project team or other market makers are involved.
CryptoQuant analyst Darkfost noted a significant increase in on-chain activity among the oldest cohort of Bitcoin holders recently. Data shows that BTC holder groups with holding periods of 5 to 7 years and 7 to 10 years have seen their daily UTXO (Unspent Transaction Output) movements exceed 5,000 BTC on multiple occasions.Darkfost pointed out that spending UTXOs does not necessarily mean selling. Long-term holders typically move Bitcoin for two main reasons: first, for security purposes, such as transferring UTXOs from an original address when changing wallet addresses; second, to sell assets. However, based on current on-chain data, no significant flow of funds to exchanges has been observed, so there is currently no indication that these long-term holders are engaging in large-scale selling of BTC.It is worth noting that this behavior is occurring as Bitcoin again tests the $60,000 level, a situation similar to market movements observed between February and March this year. The market will continue to monitor whether the activity of long-term holders will further impact the BTC supply and demand dynamics.
: Asset management firm Fidelity Investments announced the expansion of its institutionally managed Separately Managed Account (SMA) product line, adding 6 custom strategies and 2 model strategies for Registered Investment Advisors (RIAs) and brokerage clients, aiming to enhance personalized investment services for high-net-worth clients.The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity strategy and the Fidelity Institutional Tax-Managed Fundamental Equity strategy. Both strategies cover large-cap core, growth, and value investment styles, combining Fidelity's long-term active management capabilities with customized SMA service models.Among them, the Enhanced Equity strategy employs a benchmark-tracking framework, seeking excess return opportunities through diversified alpha factors; the Fundamental Equity strategy is based on a systematic portfolio construction process combined with high-conviction individual stock selection.Fidelity stated that the above strategies are now available to RIA firms through its customized SMA platform. This platform integrates with the Fidelity Wealthscape brokerage platform, helping wealth management firms handle client account opening, strategy customization, execution, and portfolio monitoring.Amanda Robinson, Head of Wealth Advisor Management Solutions Distribution at Fidelity, noted that as investor demand for personalized investment experiences continues to grow, particularly with the expanding base of ultra-high-net-worth clients, wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.Since launching its institutional customized SMA product line in 2022, Fidelity has expanded the number of standardized SMA strategies to 50, while also supporting advisors in combining multiple indices or strategies to form custom allocation solutions based on client needs.Additionally, Fidelity launched two equity model SMA strategies, including the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA. These are available to RIA and brokerage clients and can be integrated into a Unified Managed Account (UMA) structure to achieve more comprehensive and tax-optimized investment management.Currently, Fidelity offers 8 active equity model SMA strategies covering U.S. equities, sectors, and international stock markets. Additionally, 5 factor model strategies and 2 index model strategies are available through the Fidelity Managed Account Xchange (FMAX) and third-party platforms.Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management. This team comprises over 250 quantitative analysts, data scientists, and technologists, leveraging long-accumulated proprietary da
Odaily News: Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate virtual asset regulation, enhance cooperation between the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a Virtual Assets Committee composed of heads from Nigeria's major financial regulatory agencies to guide relevant policies. Nigeria's tax authority will update digital asset policies and provide more details on the impact on taxpayers. Bayo Onanuga, Special Adviser to the President, stated that the executive order does not create new regulatory agencies nor transfer powers between agencies; each institution retains its statutory duties and independence, and registration requirements will be determined based on the nature of the activity and the assets involved. A June report from the International Monetary Fund (IMF) shows that since 2019, Nigeria has accounted for approximately 60% of stablecoin inflows in Sub-Saharan Africa; between July 2023 and June 2024, the country's cryptocurrency inflows reached approximately $59 billion.
Odaily "White Hair Stock God" Serenity posted on platform X, stating that due to the recent market downturn, his investment portfolio experienced a maximum drawdown of 49.4% this month. However, he still maintains his view on the long-term trend of the AI industry chain.Serenity revealed that his investment portfolio is mainly concentrated in key segments of the AI industry chain, including: semiconductor upstream, memory chips, photonics, humanoid robotics, and AI infrastructure-related companies. Because these areas typically have higher beta attributes, he previously used leveraged investments but has reduced the leverage level after the current round of market decline.Facing market skepticism towards AI-related assets, Serenity stated that recently a large number of investors have begun to believe: "AI is a bubble," "memory chips and the Korean KOSPI market are a bubble," "photonics is a bubble,""humanoid robots will not succeed," and "Neocloud (new AI cloud service providers) will eventually be replaced by hyperscale cloud vendors like Meta." Meanwhile, some retail investors and trading bots have even started advocating for "liquidating everything, the market will not recover."Serenity said he still believes these investment themes are supported by structural revenue growth and technological change. He experienced similar drawdowns in the past when global tariff risks impacted the market, and the market eventually rebounded. His investment horizon is long-term, allowing him to withstand higher volatility, and he will not change his long-term judgment based on short-term price fluctuations. Sharing this drawdown data is also to maintain transparency, allowing the market to see the real risks behind high-volatility growth investments.Serenity added: "If my prediction is that the revenue inflection point will come in the second half of 2027, and it is only 2026 now, then a decline of just a few weeks or months doesn't prove that the investment thesis has failed."
Peter Brandt, a seasoned trader and renowned chart analyst, has released his latest technical analysis. He points out that the daily chart of Nasdaq 100 mini futures is forming a diamond pattern, indicating a potential market top. Regarding Bitcoin, Brandt offers a forecast based on historical cycles: BTC may first rebound by $10,000, then retreat to the $40,000 range, forming the bottom of the current cycle around early October 2026. With the current price fluctuating near $60,000, he warns of the downside risk associated with false breakouts. Maintaining a long-term optimistic view, Brandt suggests that if Bitcoin continues its four-year halving cycle pattern, the price could reach between $300,000 and $500,000 by 2029.
Odaily News Renowned trader Ansem posted on X, stating that buybacks (for token prices) actually don’t have much effect.Ansem further noted that Hyperliquid's annualized revenue is $800 million, while Pump.fun's annualized revenue is $440 million; however, HYPE's FDV is as high as $65 billion, whereas PUMP's FDV is only $1.4 billion. Both teams regularly use a portion of their business profits for buybacks, yet their P/S ratios are vastly different.This disparity doesn't stem from how much revenue the businesses actually generate, but rather reflects the market's "trust premium" for the teams — a trust determined by their actions and decisions in the market. Hyperliquid never over-promises, focuses purely on product delivery, and generously rewards core users who contribute the most to the platform based on established metrics. In contrast, Pump.fun generated $1 billion in revenue, raised another $1 billion in an ICO, and promised users an airdrop, but has yet to deliver. Despite being one of the most successful and profitable businesses in the crypto industry, they lack a social consensus bond with their core user base and thus cannot achieve the trust premium that Hyperliquid enjoys.Therefore, what determines a business's valuation includes not only the "tangible value" derived purely from revenue and other metrics but also "intangible value." Trust, memetics, and attention are all crucial in the market, yet they are currently discussed far too little.
South Korea's stock market experienced a rapid rebound after a "Black Monday," but individual investors who had aggressively bought the dip in semiconductor leaders found themselves in a "buy the dip, sell the rebound" situation. According to data from the Korea Exchange, Korean retail investors collectively purchased approximately 3.89 trillion won worth of Samsung Electronics and SK Hynix. This included a net buy of 1.10 trillion won in Samsung Electronics and 2.79 trillion won in SK Hynix. On that day, the two companies' stocks plunged by 10.7% and 15.37%, respectively, with retail investors absorbing the shares sold by foreign and institutional investors. However, as semiconductor stocks rebounded, retail investors quickly turned into sellers. Over the two days of the 14th and 15th, individual investors sold a cumulative 1.45 trillion won in Samsung Electronics and 3.70 trillion won in SK Hynix, bringing the total net sell-off of the two stocks to 5.15 trillion won.Data shows that the estimated average purchase price for Samsung Electronics by retail investors on the 13th was around 261,700 won, while the average selling price over the following two days was about 259,400 won. For SK Hynix, the average purchase price was approximately 1,938,500 won, and the average selling price was around 1,849,300 won. Calculated based on the positions bought on the 13th, retail investors suffered a total loss of about 138.2 billion won. Meanwhile, Samsung Electronics rose by approximately 9.8% cumulatively over the 14th and 15th, while SK Hynix gained about 12.8% over the same period. However, as a large portion of the dip-buying funds were sold off early in the rebound on the 14th, they failed to fully capitalize on the subsequent rally. (Etoday)
as of July 7-8, 2026, the Coinbase Bitcoin Premium Index has been negative for 50 consecutive days, marking the longest negative period on record for the indicator. The latest reading is approximately -0.0742%, indicating that Bitcoin is priced lower on the US-based exchange Coinbase than on Binance. This indicator compares Bitcoin prices on Coinbase and Binance. A negative reading typically corresponds to weaker US buyer demand compared to broader international market demand; this negative cycle began on May 19, 2026, and has already surpassed the previous record of 40 consecutive days of negative readings. As of early July 2026, US spot Bitcoin ETFs have seen net outflows of approximately $6 billion year-to-date. In late June, US spot Bitcoin ETFs saw outflows exceeding $2.6 billion over nine trading days, following which Bitcoin and Ethereum ETFs recorded a combined inflow of $282 million.
According to on-chain analyst Ai Yi’s monitoring, a significant price gap has emerged between SK hynix’s domestic Korean stock and its U.S. ADR. SKHX is priced at approximately $1,303.85, while SKHY stands at around $170.61, with the price difference reaching up to about 30.9%. This reflects strong demand from U.S. capital markets for leading AI chip and HBM (High Bandwidth Memory) assets. Analysis suggests that the conversion between the two is unidirectional—ADR shares can only be canceled and exchanged for ordinary Korean shares, and no one would do so when a premium exists. This explains why the price gap persists and cannot be arbitraged away.
, according to official sources, MGBX will list the spot trading pairs SKHYB (SK Hynix) and ANSEM (The Black Bull) at 18:00 (SGT) on July 14, 2026.Deposit Opening Time: 16:00 (SGT) on July 14, 2026Trading Opening Time: 18:00 (SGT) on July 14, 2026Withdrawal Opening Time: 19:00 (SGT) on July 15, 2026SKHYB: SKHYB is a tokenized bStock representing SK Hynix, one of the world's leading semiconductor companies, primarily producing DRAM and NAND flash memory chips used in servers, smartphones, personal computers, and AI-related devices.ANSEM: $ANSEM (The Black Bull) is a community-driven meme coin based on the Solana blockchain.
Odaily Odaily Odaily News According to monitoring by on-chain analyst Ember, the ETH/BTC exchange rate has recently risen from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading exchanged 13,708 ETH for 393.4 BTC (worth $25 million) half an hour ago, shorting the ETH/BTC exchange rate at a transaction rate of 0.02855. This whale is a coin-based trader; if the exchange rate drops, they can swap back for more ETH. Over the past six months, through multiple exchange rate trades, they have increased their ETH holdings by 6,475 coins, worth $11.78 million.
Gate issued an announcement regarding the recent "user asset theft incident," sharing internal comprehensive verification results, analysis of the incident's cause, and progress on subsequent handling. Regarding the verification process and key facts, the announcement stated that after comprehensive verification, materials submitted by the applicant at the time, including account information, real-name information, transaction records, Alipay screen recordings, etc., matched the account completely. According to analysis by the technical team, Alipay screen recordings can only be made by the customer themselves or someone with access to the customer's Alipay account. Alipay possesses an extremely strict real-time risk control system; logging into Alipay on a different device will mandate multi-factor authentication. This indicates a situation involving serious leakage of customer information or device compromise. Regarding the Gate platform audit mechanism, the announcement stated that the Company's security unbinding audit mechanism strictly executes the four-fold verification process of "Multi-channel advance notification + System risk control preliminary screening + Manual multi-layer review + Time protection," and never has nor will it approve any security item change application based on a single material alone. Gate always takes information security and customer data protection as the Company's core management requirements. The issue of internal information leakage mentioned by some parties does not exist. Regarding fund recovery and subsequent handling, the announcement stated that Gate processed the matter with the highest priority immediately after the incident occurred, coordinating security, compliance, legal, business, and other teams to carry out on-chain analysis and asset tracking and freezing. It continues to coordinate with third-party institutions such as Tether to advance fund freezing. Subsequently, it will also actively cooperate with judicial authorities in investigations and data collection. Any substantive progress will be communicated immediately.
as the 25-day quiet period following SpaceX's (SPCX) June IPO comes to an end, Wall Street analysts have begun releasing formal research reports. Multiple major brokerages have issued favorable ratings, indicating institutional investors remain optimistic about the company's long-term growth potential.As IPO underwriters, both Goldman Sachs and Morgan Stanley have assigned buy-equivalent ratings to SpaceX. Goldman Sachs analyst Eric Sheridan set a price target of $205, while Morgan Stanley analyst Adam Jonas gave a target of $300. Additionally, institutions such as Bank of America, Citigroup, Deutsche Bank, JPMorgan, and UBS have also initiated coverage with buy or equivalent ratings. Among them, Raymond James Financial provided the most optimistic forecast; analyst Brian Gesuale initiated coverage of SpaceX with a "Strong Buy" rating and a price target as high as $800, believing SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century."Analysis suggests that market optimism towards SpaceX is primarily based on its布局 (layout/foundation) in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a sustainable source of revenue and support future expansion of launch scale.As of March 31, 2026, SpaceX holds 18,712 Bitcoins. Wall Street believes that the concentrated coverage following the end of the IPO quiet period provides a window for institutional investors to conduct their first systematic assessment of SpaceX's valuation. The fact that nearly all major institutions simultaneously issued positive ratings is relatively rare for large-scale IPOs. (CoinDesk)