News Heat Trend
Hedge fund Brevan Howard, managing approximately $35 billion in assets, will adopt Ripple Prime for multi-asset brokerage and clearing services.
According to The Block, Ripple announced an expansion of its partnership with global hedge fund Brevan Howard, which will adopt Ripple Prime’s multi-asset prime brokerage, clearing, and financing services to further expand its utilization of Ripple’s institutional-grade financial infrastructure and digital asset products. Managing approximately $35 billion in assets, Brevan Howard’s Group Chief Operating Officer Alan McGroarty stated that as digital assets increasingly integrate with traditional financial markets, institutional demand for digital asset infrastructure continues to grow, and Ripple’s platform is expected to enhance operational efficiency and capital utilization for investment teams. This partnership builds on an existing investment relationship between the two parties. Brevan Howard had previously invested in Ripple and participated in its $500 million strategic funding round last year. Ripple Prime is an institutional-grade prime brokerage platform launched by Ripple following its $1.25 billion acquisition of Hidden Road in 2025.
RockawayX Plans to Raise $150M for Crypto Hedge Fund, Betting on Undervalued Tokens and Crypto Stocks
Odaily News: RockawayX, which manages approximately $2 billion in assets, is seeking to raise $150 million for a new liquidity opportunity fund. RockawayX has previously acquired the crypto hedge fund Relayer Capital. Austin Barack, founder of Relayer Capital and former Partner at CoinFund, will continue to work at RockawayX and manage this fund. The fund will focus on investing in undervalued tokens and crypto-related stocks. Recently, Bitcoin, Ethereum, and Solana have all risen more than 20% over the past week. Meanwhile, crypto venture capital firms such as Paradigm and Framework Ventures are incorporating fields like AI and robotics into their investment strategies.
SEC Probes Collapse of AI Hedge Fund Situational Awareness
According to Reuters, the U.S. SEC is investigating AI hedge fund Situational Awareness's trading activities and high-leverage positions during the market turmoil in July, and has issued subpoenas to Wall Street banks including Goldman Sachs, JPMorgan, Citigroup, and Bank of America, requiring them to provide information related to the fund's trades and financing. Situational Awareness was founded by former OpenAI researcher Leopold Aschenbrenner, who previously worked at FTX Future Fund, with assets under management briefly exceeding $20 billion. In July, the fund suffered a monthly loss of approximately 67% due to declines in AI and chip stocks, and was subsequently forced to sell most of its public equity portfolio to Citadel.
Goldman Sachs: Information Technology Stocks See Biggest Sell-Off in a Decade, Selling Pressure May Be Nearing Exhaustion
According to TechFlow Research, Goldman Sachs' August 3 position tracking report shows that the volume of long sales for global information technology stocks last week reached the highest level since 2014, with the total selling volume over two consecutive days ranking second highest in nearly a decade. Hedge funds' total leverage gave back half of its year-to-date gains, and net leverage turned negative year-to-date. Retail margin balances in South Korea and Japan began to reverse after reaching historical extremes, while US retail investors are also reducing semiconductor stock holdings. Speculative net shorts in VIX futures have largely been cleared. Goldman Sachs believes the intensity of deleveraging may have peaked, but the inertia of capital outflows persists. Individual stock implied volatility rose to the highest level since 2020, index correlation fell to low levels, and the market is shifting from trading the AI sector broadly to differentiated pricing of individual stocks. Bond funds and money market funds are the main drivers of capital inflows this year; equity funds saw inflows of $34 billion in July, with an absolute scale far smaller than that of the bond market. Goldman Sachs judges that the stock selection environment is improving, but sector beta trading still faces pressure.
Goldman Sachs and JPMorgan Explore "Computing Power Financialization," Plan to Launch GPU Rental Futures to Hedge AI Risks
sources familiar with the matter have revealed that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts linked to GPU rental prices. As one of the scarcest resources amid the AI boom, related futures for GPUs are expected to be listed on exchanges later this year.Industry insiders stated that this move reflects how the influx of hundreds of billions of dollars into data centers and the chip sector is reshaping the financial market landscape. For banks financing the construction of AI infrastructure, such innovative instruments could become a new means of risk management. (The Information)
Crypto Hedge Funds Shift to Traditional Assets; Crude Oil, Copper, and Nasdaq-100 Appear on All-Weather Trading Platforms
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.
CMCC Global to Tokenize Two Quantitative Hedge Funds, Issued via Tether and Bitfinex Securities
Odaily reports: Blockchain asset management firm CMCC Global has announced the tokenization of its Crest Fund (Crest) and Liberty Bitcoin Accumulation Fund (LBAF), calling them the first tokenized fund-of-funds products issued under El Salvador's digital asset legal framework. The two funds will be issued using Tether's Hadron tokenization platform and will raise capital from qualified investors through the regulated Bitfinex Securities platform, with the subscription period running until October 30, 2026.Both funds are multi-manager quantitative hedge funds investing in digital asset market-neutral strategies, including funding rate arbitrage, cross-exchange and volatility arbitrage, market making, and DeFi strategies. Crest is denominated in USD and targets returns above U.S. Treasury yields; LBAF is denominated in Bitcoin and targets a net annualized return of 8%–12%. BTCS S.A., a digital asset treasury company listed in Poland and Frankfurt, has agreed to serve as cornerstone investor and plans to allocate a three-digit number of Bitcoin to LBAF, with the specific amount not yet disclosed. The token issuance prices are $10 per CREST token and 0.0001 BTC per LBAF token, with a minimum subscription of one token; eligible holders can also conduct round-the-clock secondary market trading through Bitfinex Securities. (PRNewswire)
JPMorgan and Citadel Securities Both Warn: Stay Cautious Ahead of Nonfarm Payrolls, Advise Investors to Hedge Downside Risk in Advance
Odaily News JPMorgan and Citadel Securities have both issued short-term warnings, advising investors to remain cautious ahead of the upcoming period of dense macro data releases and the Federal Reserve policy meeting, and to utilize option prices currently at yearly lows to strengthen downside risk hedging.After Fed Chair Warsh delivered a clear signal in his highly anticipated speech on August 28, emphasizing that U.S. inflation has not shown any substantial slowdown, the trading team led by JPMorgan's Head of U.S. Market Intelligence, Andrew Tyler, decided to abandon their bullish stance ahead of the September 16 Fed policy decision. Although they expect economic data and corporate earnings to continue providing support, they have downgraded their view on U.S. equities to tactically cautious.Scott Rubner, Head of Equity and Equity Derivatives Strategy at Citadel Securities, noted that retail investor buying activity in September, as tracked by his firm, has been the weakest of the year since 2019. On days when the S&P 500 index declines, average net retail buying volume is only about half of normal levels. (Bloomberg)
SEC Probes Collapse of AI Hedge Fund Situational Awareness
According to Reuters, the U.S. SEC is investigating AI hedge fund Situational Awareness's trading activities and high-leverage positions during the market turmoil in July, and has issued subpoenas to Wall Street banks including Goldman Sachs, JPMorgan, Citigroup, and Bank of America, requiring them to provide information related to the fund's trades and financing. Situational Awareness was founded by former OpenAI researcher Leopold Aschenbrenner, who previously worked at FTX Future Fund, with assets under management briefly exceeding $20 billion. In July, the fund suffered a monthly loss of approximately 67% due to declines in AI and chip stocks, and was subsequently forced to sell most of its public equity portfolio to Citadel.
Goldman Sachs: Hedge Funds Buy Global Stocks for Second Consecutive Week, Risk Appetite Clearly Rebounds
Odaily News: Goldman Sachs data shows that global hedge funds have increased their stock holdings for the second consecutive week, reversing the significant reduction in risk exposure seen in late July, indicating that institutional investors' risk appetite is warming up.The report shows that overall hedge fund trading activity has risen to its highest level in seven weeks, with long buying volume exceeding short selling volume at a ratio of 1.4:1. Meanwhile, single-stock trading has seen its first net buying in nearly a month, suggesting that fund managers are beginning to re-establish exposure to individual stocks.In terms of sector allocation, the materials sector has emerged as one of the areas with the strongest capital demand, experiencing the largest short-covering rally in nearly two years. Goldman Sachs noted that the recent improvement in market sentiment has led to the rapid unwinding of previously established short positions, further boosting related sector performance.Earlier, hedge funds significantly reduced their stock positions in late July due to concerns over economic growth, heightened market volatility, and policy uncertainty. This consecutive buying spree suggests that some institutions are once again betting on a rebound in risk assets.
Paul Tudor Jones: Bitcoin is the Undisputed Best Inflation Hedge
Odaily Macro investor and hedge fund manager Paul Tudor Jones stated in a recent podcast interview that Bitcoin is the "unequivocally the best inflation hedge" and called it a "knockout opportunity" in the market.Paul Tudor Jones pointed out that truly major trading opportunities often arise when market structures are imbalanced, assets are underallocated, or when policymakers misjudge the situation. He believes that due to its scarcity and decentralized characteristics, Bitcoin outperforms gold in inflation trades. He emphasized that Bitcoin's total supply is capped at 21 million coins, with less than 1 million remaining to be mined, while gold's supply continues to increase annually. Therefore, Bitcoin holds a stronger advantage in the dimension of scarcity.Paul Tudor Jones recalled that in 2020, against the backdrop of Federal Reserve and fiscal expansion, Bitcoin became one of the most outstanding inflation-hedging assets at the time, and he subsequently increased its allocation to around 5% of his investment portfolio. However, he also warned of risks: in the event of large-scale "momentum conflicts" or cyber warfare-level incidents, the electronic asset system could face systemic disruption risks, and Bitcoin may also be impacted. Additionally, future cryptographic risks driven by quantum computing and AI could become a source of long-term uncertainty. (The Block)
U.S. SEC and CFTC Propose Tightening Hedge Fund Reporting Requirements, Raising Form PF Filing Threshold to $1 Billion
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed scaling back hedge fund reporting requirements—specifically, eliminating reporting obligations for smaller advisers and raising the Form PF reporting threshold for private fund managers’ assets under management from $150 million to $1 billion. The two regulatory agencies stated that data collected via Form PF would be used confidentially for examinations and investigations of private fund advisers.
Killa: Plans to Short in the $89K–$94K Range to Hedge 50% of Bitcoin Exposure
analyst Killa posted on X that he plans to hedge 50% of his Bitcoin exposure in the $89,000 to $94,000 range, which would be his first short in months. Killa stated that, as he said 1 to 3 days ago, he previously had no intention of shorting the same high that had been consolidating below it; if the price holds firmly above $97,000, this hedging strategy will be invalidated.
Data: Hedge funds bought $4.8 billion in US stocks last week, marking the second-largest weekly inflow since 2008
Market data shows that hedge funds recorded net purchases of approximately $4.8 billion in US stocks last week, marking the second-largest weekly buying scale since 2008. Measured as a share of the S&P 500's total market capitalization, this buying scale ranks as the 24th highest in history, indicating that hedge funds are re-intensifying their allocation to US equities.Meanwhile, institutional investors recorded net sales of approximately $3.8 billion in US stocks last week, ending a four-week consecutive buying streak. As a result, the average net buying scale of institutional investors over the past four weeks has fallen to $3.9 billion. Retail investors slightly reduced their US stock holdings by approximately $200 million during the same period, bringing their average net buying scale over the past four weeks down to $600 million.Market observers point out that after the recent market volatility, hedge funds are flowing back into US stock markets, with a strengthening trend in capital allocation toward risk assets. The large-scale buying by hedge funds may reflect renewed confidence in corporate earnings, AI-driven growth, and the medium-to-long-term trajectory of US equities. (The Kobeissi Letter)
Goldman Sachs: Information Technology Stocks See Biggest Sell-Off in a Decade, Selling Pressure May Be Nearing Exhaustion
According to TechFlow Research, Goldman Sachs' August 3 position tracking report shows that the volume of long sales for global information technology stocks last week reached the highest level since 2014, with the total selling volume over two consecutive days ranking second highest in nearly a decade. Hedge funds' total leverage gave back half of its year-to-date gains, and net leverage turned negative year-to-date. Retail margin balances in South Korea and Japan began to reverse after reaching historical extremes, while US retail investors are also reducing semiconductor stock holdings. Speculative net shorts in VIX futures have largely been cleared. Goldman Sachs believes the intensity of deleveraging may have peaked, but the inertia of capital outflows persists. Individual stock implied volatility rose to the highest level since 2020, index correlation fell to low levels, and the market is shifting from trading the AI sector broadly to differentiated pricing of individual stocks. Bond funds and money market funds are the main drivers of capital inflows this year; equity funds saw inflows of $34 billion in July, with an absolute scale far smaller than that of the bond market. Goldman Sachs judges that the stock selection environment is improving, but sector beta trading still faces pressure.
Data: Hedge funds sell global tech stocks at fastest pace in three days since 2016
Odaily News: The Kobeissi Letter posted on X platform that in the three days through July 28, hedge funds sold global information technology stocks at the highest pace since records began in 2016. Meanwhile, hedge funds recorded their largest three-day reduction in total stock exposure since November 2022, with selling pressure spreading across all sectors. This unwinding was primarily driven by short covering in macro products such as index futures and ETFs. Additionally, single stocks recorded their fifth-largest three-day selling volume in the past five years. By region, North America accounted for the majority of selling volume, followed by Europe. Hedge funds are significantly reducing their stock exposure.
Bloomberg ETF Analyst: Waste Management Stocks Have Become a "More Effective" Hedge Asset Than Bonds
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform, noting that the inverse correlation of waste management stocks is quite evident today, with DRAM up 13% and WM down 4%. He stated that the problem with a good hedge is that it falls when other assets rise, and expressed uncertainty as to why waste management stocks have become a better diversification tool than bonds.
Bloomberg ETF Analyst: Bonds Fail to Hedge Stock Declines Again, Money Market Funds and Buffer ETFs See Inflows Increase
Bloomberg ETF analyst Eric Balchunas posted on X, stating that bonds have once again failed to hedge against stock declines. Since SPY retreated from its June highs, AGG, TLT, and LQD have all fallen. Although the time window is relatively short, it somewhat resembles the situation in 2022. He noted that many people have long relied on the 40% bond portion of the 40/60 portfolio to hedge against the 60% equity portion, which is also the reason behind the significant inflows into money market mutual funds and buffer ETFs.He further stated that this is not to say bonds will never hedge against stocks in the end, but their recent track record is less than ideal. The Fed's long-term rate cuts once pushed both bonds and stocks higher simultaneously. In 2022, when rates were unexpectedly hiked, both fell in tandem. Recently, rising crude oil prices have fueled inflation concerns, leading to a similar scenario once again.
LONGX Launches Actively Managed Basket Product, First AI Nexus Goes Long AI Leaders and Shorts QQQ as Hedge
Odaily News: LONG, an RWA liquidity and token issuance platform on Robinhood Chain, announced that its protocol extension layer LONGX has launched an actively managed basket product that packages multiple long/short leveraged positions into a one-click tradable spot ERC20 token, with the community holding economic rights and participating in management.The first basket, AI Nexus, has gone live on LONG. Its strategy includes going long on AI-related assets such as NVDA, AI, and OPENAI, while hedging tech sector risk by shorting QQQ. According to the accompanying graphic, long leverage is approximately 1x to 3x, and short leverage is 2x, powered by Lighter. Additionally, LONGX plans to launch a community management model next week, where AI holders will decide the composition of basket assets.
Anthropic Partners with Hedge Fund Giant Millennium to Develop AI Risk Analysis Tool
According to Bloomberg, AI company Anthropic announced a partnership with global hedge fund giant Millennium Management to jointly develop an AI-powered risk analysis tool and expand the application of Anthropic Claude models within the fund. According to statements from both parties, Anthropic engineers will collaborate with Millennium's technology and risk management teams to build a digital AI risk analysis tool that will assist human risk managers in making investment decisions, extract new risk insights across asset classes, help the team enhance risk identification capabilities, and provide support for portfolio management through automated analysis of complex market data.
JP Morgan: Liquidation of Korean Stock Leveraged ETFs Completed, Hedge Funds 90% De-Risked
JP Morgan has published a report indicating that the liquidation process for Korean stock leveraged ETFs has been completed, and hedge funds have achieved 90% de-leveraging. Although there may be aftershocks in the coming days, the overall situation has become investment-attractive.
Binance Coin-Margined Futures Position Mode Will Be Upgraded on June 15
According to the official announcement, the position mode settings for Binance Coin-Margined Futures contracts will be upgraded starting at 11:00 (UTC+8) on June 15, 2026. This upgrade will unify the position mode settings for both USD-Margined and Coin-Margined Futures contracts. If a user’s position mode settings differ between USD-Margined and Coin-Margined Futures contracts, the Coin-Margined Futures position mode will be adjusted to match the USD-Margined Futures setting. For example: if a user has set “Hedge Mode” for USD-Margined Futures but “One-Way Mode” for Coin-Margined Futures, after the upgrade, both USD-Margined and Coin-Margined Futures will adopt “Hedge Mode.”
Related news
Analysis: Anthropic IPO Could Ignite AI Stock Rebound as Tech Short Bets Surge
Odaily Report: Wall Street's recent risk-off sentiment toward equities may have set the stage for a strong market rebound. If Anthropic's planned IPO rekindles investor enthusiasm for artificial intelligence, tech stocks in particular could be poised for a rally. Data from Deutsche Bank shows that investors have reduced equity exposure to levels broadly in line with historical norms. Active investors' exposure to U.S. stocks has fallen to its lowest level in over a month, and funds employing computer-driven trading strategies have also trimmed positions. Once market confidence recovers, there is still room for a new wave of buying. Hedge funds have acted more aggressively, increasingly betting on falling stock prices.Goldman Sachs Group said that this month, for every $1 of stocks its hedge fund clients bought, they shorted about $5 of stocks. The firm's records show that the scale of hedge funds borrowing funds to bet on falling stock prices is now near the highest level in five years. If stocks subsequently strengthen, these short bets could instead become a catalyst for gains, forcing those betting on declines to buy shares to close out their positions. (Bloomberg)
CMCC Global to Tokenize Two Quantitative Hedge Funds, Issued via Tether and Bitfinex Securities
Odaily reports: Blockchain asset management firm CMCC Global has announced the tokenization of its Crest Fund (Crest) and Liberty Bitcoin Accumulation Fund (LBAF), calling them the first tokenized fund-of-funds products issued under El Salvador's digital asset legal framework. The two funds will be issued using Tether's Hadron tokenization platform and will raise capital from qualified investors through the regulated Bitfinex Securities platform, with the subscription period running until October 30, 2026.Both funds are multi-manager quantitative hedge funds investing in digital asset market-neutral strategies, including funding rate arbitrage, cross-exchange and volatility arbitrage, market making, and DeFi strategies. Crest is denominated in USD and targets returns above U.S. Treasury yields; LBAF is denominated in Bitcoin and targets a net annualized return of 8%–12%. BTCS S.A., a digital asset treasury company listed in Poland and Frankfurt, has agreed to serve as cornerstone investor and plans to allocate a three-digit number of Bitcoin to LBAF, with the specific amount not yet disclosed. The token issuance prices are $10 per CREST token and 0.0001 BTC per LBAF token, with a minimum subscription of one token; eligible holders can also conduct round-the-clock secondary market trading through Bitfinex Securities. (PRNewswire)
Cumulative Profit Exceeds $331 Million, Abraxas Capital's Two Hedge Accounts Hold Over $1.45 Billion in Short Positions
Odaily News: According to Lookonchain monitoring, Abraxas Capital's two hedge accounts (0x5b5...C060, 0xb83...6e36) have accumulated profits exceeding $331 million on Hyperliquid and currently hold over $1.45 billion in short positions.
Hedge Funds' Net Exposure to the US Tech "Magnificent Seven" Rises to 22%, Setting a Record High
According to The Kobeissi Letter, investor bullish sentiment toward large-cap tech stocks has reached all-time highs. Hedge funds' aggregate net exposure to the U.S. "Magnificent Seven" has climbed to 22%, setting a new record. This figure has surged by 7 percentage points since July, marking the largest three-month increase since 2023 and surpassing the previous peak of 21% set in June 2024 (compared to a low of just 8% during the 2022 bear market).
LONGX Launches Actively Managed Basket Product, First AI Nexus Goes Long AI Leaders and Shorts QQQ as Hedge
Odaily News: LONG, an RWA liquidity and token issuance platform on Robinhood Chain, announced that its protocol extension layer LONGX has launched an actively managed basket product that packages multiple long/short leveraged positions into a one-click tradable spot ERC20 token, with the community holding economic rights and participating in management.The first basket, AI Nexus, has gone live on LONG. Its strategy includes going long on AI-related assets such as NVDA, AI, and OPENAI, while hedging tech sector risk by shorting QQQ. According to the accompanying graphic, long leverage is approximately 1x to 3x, and short leverage is 2x, powered by Lighter. Additionally, LONGX plans to launch a community management model next week, where AI holders will decide the composition of basket assets.
Hedge fund Brevan Howard, managing approximately $35 billion in assets, will adopt Ripple Prime for multi-asset brokerage and clearing services.
According to The Block, Ripple announced an expansion of its partnership with global hedge fund Brevan Howard, which will adopt Ripple Prime’s multi-asset prime brokerage, clearing, and financing services to further expand its utilization of Ripple’s institutional-grade financial infrastructure and digital asset products. Managing approximately $35 billion in assets, Brevan Howard’s Group Chief Operating Officer Alan McGroarty stated that as digital assets increasingly integrate with traditional financial markets, institutional demand for digital asset infrastructure continues to grow, and Ripple’s platform is expected to enhance operational efficiency and capital utilization for investment teams. This partnership builds on an existing investment relationship between the two parties. Brevan Howard had previously invested in Ripple and participated in its $500 million strategic funding round last year. Ripple Prime is an institutional-grade prime brokerage platform launched by Ripple following its $1.25 billion acquisition of Hidden Road in 2025.