News linked to both this project and an event.
Odaily News: According to on-chain analyst Yu Jin's monitoring, multiple institutions have unstaked and sold HYPE, causing the token to drop from $72 to $52 over the past month, a decline of 28%. A whale holds 1.38 million HYPE in long positions, valued at $72.15 million, with a current liquidation price of $47.6, approximately 9% away from HYPE's current price. This position has been held for 8 months without being closed. It saw an unrealized loss of $26 million at the end of January, reached a peak unrealized gain of $47.46 million in June, and currently remains up $18.8 million. The position is nearing the liquidation price because the whale previously withdrew a significant portion of the unrealized profit as margin.
Odaily News, according to Lookonchain monitoring, a whale has bought another 7,919.5 ETH today, valued at $14.89 million. Since June 30, this whale has purchased 74,265 ETH at an average price of $1,771, worth $132 million, and 1,050 WBTC at an average price of $64,277, worth $67.49 million.
According to Korean media Daum, volatility in the South Korean stock market has recently intensified, investor risk appetite has clearly cooled, and funds are flowing back from the stock market to safe-haven assets such as banks. Due to adjustments in the semiconductor sector and stricter regulation on leveraged investment, idle funds in the South Korean stock market are withdrawing rapidly, and the market is exhibiting a phenomenon of "reverse capital migration". Data shows that as of the end of July, the time deposit balance at South Korea's five major banks (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) reached 973.49 trillion won, an increase of 24.09 trillion won from the end of the previous month, marking the largest single-month increase this year. Funds related to the stock market also showed significant contraction. According to data from the Korea Financial Investment Association, investor securities account deposits (idle funds for stock trading) reached a historical high of 139.69 trillion won on June 4, but as of July 28, had fallen to 107.20 trillion won, a decrease of over 32 trillion won in less than two months. The balance of credit transaction financing, representing the scale of market margin trading, fell to 33.19 trillion won during the same period, a decrease of about 4.5 trillion won from the peak of 37.72 trillion won set on July 2, a decline of approximately 12%.
Odaily News: According to on-chain analyst Ai Yi's monitoring, Hyperliquid trader YGNH94 (0xe8Fe...0941) redeemed 100,300 staked HYPE 5 hours ago and subsequently deposited them to OKX, valued at $5.57 million. He had previously withdrawn 60,100 HYPE from OKX on June 27 at $63.36 each; selling this portion now would result in a loss of $471,000.
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.
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.
According to Hyperinsight monitoring, storage stocks continue to correct, and the SKHX long position held by "Trader Loracle" is under increasing pressure. This position was opened on June 24 with 2x leverage, with a size of approximately $2.548 million and an average price of $1,229.4. As SKHX dropped to $992.3, the cost basis has been breached by 19.3%. This position shows an unrealized loss of approximately $609,000, with a return rate of -192.9%, and the loss is close to 1.93 times the margin.
Odaily News Kalshi trader Caleb Davies stated that he had requested Kalshi to delay the settlement of a Spotify prediction market to allow the执法 team to review suspected artificially manipulated streaming data. The market focused on which artists would top the Spotify US Daily Chart, with a trading volume of $3.32 million. Davies stated that Malcolm Todd's song "Earrings" surged approximately 70% in a single day and reached the top of the Spotify US Chart on June 29. Kalshi's Head of Enforcement and Legal, Robert DeNault, responded that only Spotify could verify whether the data originated from genuine listens or manipulation. Kalshi finalized the settlement minutes after issuing this response. Davies noted that the open interest for the "Earrings" outcome rose from $2,000 to over $70,000 in the days leading up to the emergence of the disputed streaming data. The following day, Spotify removed 523,000 streams from the cumulative data for "Earrings," meaning that under the adjusted data, the song would have ranked fourth on June 29 instead of first. Subsequently, Spotify requested Kalshi and Polymarket to remove its branding, stating that neither party had established a partnership with the streaming service. Kalshi has removed the relevant branding and modified its wording. Spokesperson Elisabeth Diana stated that the company is contacting Spotify and conducting an investigation; Kalshi has not yet published the investigation results, rescinded the settlement, or announced compensation.
According to on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 is linked to trading activity following the listing of several tokens. On May 30, 2024, at 13:41 UTC, within the same minute as the STAR deployment, the Kimchi-associated wallet purchased tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the Kimchi-associated wallet bought tokens for 4.94 SOL ($730) and later sold them for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the Kimchi-associated wallet bought tokens for 2.9 SOL ($407) and later sold them for $53,000. Specter also stated that a cluster of exchange deposit addresses revealed 5 additional wallets involved in the same MUVA launch bundle trade; currently, there is no verifiable evidence to prove that Kimchi obtained eight-figure dollar profits from the TRUMP token.
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 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.
Morgan Stanley analysts stated that if SpaceX's stock price falls to $100 per share, it implies the market's valuation of its AI business has dropped to zero. SpaceX launched an IPO valued at $86 billion in mid-June, and this week it fell to a low of $110.85, down 18% from the offering price. Analysts assigned a target price of $300 per share to the stock, with more than half derived from the AI business valuation. Previously, SpaceX entered the AI infrastructure sector leveraging its Starlink satellite network, providing low-latency data transmission services for large model training.
the overall profitability of the Bitcoin market is improving, but on-chain data suggests it is still insufficient to confirm the start of a new bull market, with the risk of another downturn remaining.Data from CryptoQuant shows that Bitcoin's Supply in Profit has risen to 57.5%. This metric represents the proportion of BTC supply whose current market price is higher than its acquisition cost. It has rebounded significantly from the 2026 low of 46.2% on June 30, now approaching 60%. However, the recovery of the supply in profit still needs sustained validation. Historical cycles indicate that the true end of a bear market typically requires two conditions to be met simultaneously:First, the 30-day Simple Moving Average (SMA) of the Long-Term Holder Spent Output Profit Ratio (LTH-SOPR) must consistently remain above 1 and not drop below it for several weeks.Second, Bitcoin's Supply in Profit needs to stabilize above 64%.Analysts point out that this cycle has already seen one "false breakout." Between April 28 and June 1 this year, the average LTH-SOPR stayed above 1 for 35 consecutive days, while the Supply in Profit briefly rose to 67%. However, the market subsequently declined again. Currently, the 30-day SMA of the LTH-SOPR has been below 1 for over 50 consecutive days, remaining a key risk signal for assessing the strength of the market recovery.While the proportion of BTC in profit is improving, the market needs further confirmation regarding long-term holder behavior and changes in the profit structure before determining whether the current rebound will genuinely transition into a new upward cycle. (Cointelegraph)
Citrini analyst Jukan posted on X, stating that AMD is close to signing a final agreement with Samsung Electronics for the mass supply of HBM4. AMD CEO Lisa Su indicated during the "AMD Advancing AI 2026" event held in San Francisco on June 23 that the two parties are "almost there." AMD has also announced that its "Helios" AI server rack has entered mass production and is scheduled to begin shipping at the end of the third quarter. Samsung Electronics' foundry business president Han Jin-man and DSA head Cho Sang-yeon attended Lisa Su's keynote speech and continued negotiations with AMD executives on the full-scale launch of HBM4 supply.
According to Odaily, CryptoQuant analyst Axel Adler stated that the current bear market phase for Bitcoin has seen the highest level of realized losses among holders. The 30-day moving average (30DMA) of realized losses peaked at $1.37 billion in February 2026, 19% higher than the $1.15 billion peak during the 2022 cycle. Data shows that since the February peak, Bitcoin realized losses have dropped by 56.5% to approximately $597 million. Meanwhile, the scale of realized profits has only slowly recovered to $257 million. Axel Adler pointed out that loss-driven selling pressure has significantly weakened, but the market has not yet seen sustained demand recovery, with the decline in losses still outpacing the recovery in profits.From a historical cycle comparison, realized losses reached $1.37 billion on February 20, 2026, a new all-time high for this metric. The highest realized loss in the 2022 cycle was $1.15 billion, recorded on June 30, 2022. In terms of realized profits, as of July 23, Bitcoin's realized profit 30DMA stood at $257 million, down 92.7% from the peak of $3.51 billion recorded on December 10, 2024. It is also down 77.7% from the level on October 6, 2025, when Bitcoin hit its all-time high of $124,710. This metric bottomed out at $191 million on June 14, 2026, and has since recovered by 34.7%.Axel Adler stated that profit-driven selling pressure has dropped significantly, and the volume of coins being sold for profit is currently at a low level for this cycle. However, this does not mean that sellers have been completely exhausted, nor does it imply that market demand has recovered. If realized profits consistently rise above the $400 million to $500 million range, it would better confirm a sustained market improvement.Additionally, the Bitcoin realized profit/loss ratio has recovered from a low of 0.26 in June to 0.43, but remains below the 1.0 level. The analyst noted that while the absolute scale of realized losses in the current cycle exceeds that of 2022, the relative market pressure is still lower than in 2022. Since Bitcoin's all-time high, realized losses have exceeded realized profits on 190 out of the past 291 days. Axel Adler cautioned that if the profit/loss ratio breaks below 0.26 again, accompanied by a price drop below the cycle low of $58,535 established on June 30, it could signal further escalation of market pressure.
According to Wintermute OTC trader @Jjay_dm, June CPI fell 0.4% month-over-month, the largest single-month drop since April 2020, overall inflation decreased from 4.2% to 3.5%, the market immediately priced in a hold for the July FOMC, and the probability of a rate hike in September also dropped from over 75% to 63%. However, the US restarted a naval blockade on Iranian ports and conducted air strikes for the fourth consecutive night, Brent crude surged 15.54% in a single week, reaching a high of $87 per barrel, pressure for energy inflation to rebound is accumulating, casting doubt on the sustainability of this CPI decline. Meanwhile, China's Moonshot released the open-source model Kimi K3, claiming performance comparable to frontier models from OpenAI and Anthropic, directly impacting the AI compute narrative, TSMC fell 7% in a single day, the Philadelphia Semiconductor Index recorded its worst weekly performance in 15 months, the Nasdaq dropped 4.16%, and Nvidia temporarily ceded the top spot in global market cap to Apple. The crypto market, however, strengthened against the trend, becoming the best-performing risk asset of the week. Within minutes of the CPI data release, BTC surged from around $62,000 to $64,900, ETH jumped 7% in a single day to $1,884, CoinGlass data showed approximately $134 million in short positions were liquidated within the first hour. BTC ETF
According to monitoring by The Data Nerd, a whale has been steadily accumulating ETH and WBTC since June 30, purchasing 54,400 ETH at an average price of $1,726, valued at $94 million, and 600 WBTC at an average price of $63,950, valued at $38.37 million. Currently, the unrealized profit on this position exceeds $12.5 million.
that, according to Lookonchain monitoring, since June 30, whale address 0x2684 has accumulated purchases of 54,449 ETH (approximately $94 million) at an average cost of $1,726; simultaneously, it has accumulated purchases of 600 WBTC (approximately $38.37 million) at an average cost of $63,950. Based on current prices, the unrealized floating profit for this address has now exceeded $12.5 million.