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According to Gate market data, the Hang Seng Index turned to decline in the afternoon, and the Hang Seng Tech Index's increase narrowed to 0.44%. Zhizhu (02513.HK) fell by 8%, while SMIC (00981.HK) and Li Auto (02015.HK) both dropped by more than 2%.

According to Bits Media, Russian law enforcement conducted a series of searches at a cryptocurrency exchange office located in the Federal Eastern Tower of the Moscow City Business Center. The police stated that the searches are related to a theft case involving 144 million rubles, with the funds suspected to have been circulated through related exchanges. They are currently tracking the transactions and investigating whether the office staff are involved.During the investigation, dozens of employees were detained, and a Moscow court has ordered pre-trial detention for eight of the defendants, while the procedural status of the remaining detainees has not been disclosed. The office temporarily ceased operations during the searches.

According to monitoring by Hyperinsight, the current hourly funding rate for Changxin has dropped to -0.2430%. A negative rate means that shorts pay longs; based on the current rate, the simple annualized return is approximately 2129%.Calculating with a position of $10,000, shorts need to pay about $24.3 per hour, while longs receive an equivalent income; if the rate is maintained for 24 hours, the corresponding funding fee is about $583.3.The largest long position starting with 0x9a8 is the main beneficiary of this round of negative rates. Records show that since the morning of July 15, it has completed 183 funding fee settlements for CXMT, with a cumulative net income of about $991,400, achieving a return rate of about 45.9% on the initial capital.This whale currently holds a leveraged long position of 1,633,200 CXMT at 5 times, with a position value of about $12,742,000 and an average entry price of $6.6156. CXMT is currently priced at $7.80, with an unrealized profit of about $1,938,000 (89.7%), and the liquidation price is only $0.507.Based on the current position and a static rate of -0.2430%, this whale can earn about $31,000 in funding fees in the next hour; if maintained for 24 hours, this corresponds to about $743,000.This whale currently still has 7 buy orders not labeled as "only reducing positions" between $6.01 and $6.41, planning to continue buying 98,000 CXMT, with a nominal amount of about $609,000, and has not chosen to cash out the existing long position.

According to Jinshi reports, the Korea Exchange has launched a sidecar mechanism for the KOSDAQ, suspending programmatic trading for 5 minutes.

According to Gate market data, the Hong Kong stock market opened with the Hang Seng Index rising by 0.4% and the Hang Seng Tech Index rising by 0.68%. Alibaba opened up by 3.42%, and Xiehe New Energy opened up by 14.08%. The company announced recently that it has signed a power purchase agreement with Tesla.

Changxin Technology has attracted significant attention from the market following its listing, with analysts showing a huge divergence in their future value assessments. Data shows that the most optimistic analysts believe that Changxin Technology's market value could reach $1.1 trillion in the next 12 months, while the most pessimistic forecasts are around $160 billion. The divergence mainly revolves around whether Changxin Technology can capture market share in the DRAM sector and whether it can break through HBM technology in the future.Bullish analysts believe that China's push for semiconductor self-sufficiency and the domestic DRAM supply-demand gap will help Changxin Technology expand rapidly; bearish analysts, on the other hand, are concerned that the new production capacity in the industry may lead to a decline in DRAM prices from 2027 to 2028, impacting the profitability of the entire storage industry.In its first week of listing, Changxin Technology's stock price rose by 523%. The market is still focused on its HBM technology progress and whether China's domestic DUV lithography technology can help it narrow the gap with Samsung, SK Hynix, and Micron.

CryptoQuant analyst Darkfost posted on the X platform, stating that short-term holders (STH) transferred over 32,000 BTC to exchanges, and all these bitcoins were sold at a loss.This event has become one of the largest short-term holder loss sell-off events in the past 30 days. It indicates that market chips are shifting from more confident long-term holders to short-term holders.

According to CoinDesk, cryptocurrency trading platforms are expanding into traditional finance by offering perpetual futures linked to stocks, indices, and commodities, with related trading volume reaching $1.32 trillion in the first five months of 2026.Stock-linked perpetual futures allow traders to gain around-the-clock price exposure to assets like the S&P 500 without holding the underlying stocks and without shareholder protections. This product is aimed at institutions seeking low-friction trading and retail investors looking for access channels.Major platforms like Coinbase and Binance are building an "everything exchange" model, integrating crypto assets, stocks, and derivatives into a single account, including using tokenized stock positions as collateral. Large funds remain cautious about decentralized trading venues.

Michael Saylor, the founder and executive chairman of Bitcoin Strategy Company, has once again released information related to Bitcoin Tracker, with the caption "Bitcoin Drive engaged."According to previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after relevant news is released.

Michael Saylor, the founder and executive chairman of Bitcoin Treasury Company Strategy, has once again released information related to Bitcoin Tracker. According to previous patterns, Strategy usually discloses changes in Bitcoin holdings the day after relevant news is released.

The State Administration of Foreign Exchange held a video conference for the exchange of foreign exchange management work in the second half of 2026, deploying key tasks for foreign exchange management in the second half of 2026.It pointed out the need to strengthen and improve regulation in the foreign exchange sector. Promote the revision of the "Foreign Exchange Management Regulations." Enhance the capacity and level of foreign exchange regulation, utilizing new technologies such as artificial intelligence and big data to empower foreign exchange regulation, strengthen the supervision of foreign exchange market trading behaviors, and crack down on illegal cross-border financial activities. Strengthen the capacity building for the management of foreign exchange reserves and improve the professional level of foreign exchange reserve management. Overall, enhance the level of foreign exchange management work. Promote the construction of the international balance of payments statistical system, deepen the construction of "digital foreign exchange management" and "secure foreign exchange management," and accelerate the exploration and practice of "smart foreign exchange management" application scenarios.

Roundhill Memory ETF (DRAM) has included CXMT (Changxin Technology) in its holdings, with a weight of 2.52%.The DRAM ETF focuses on memory chip companies. As of August 2, the top three holdings of this ETF are Samsung Electronics, Micron Technology, and SK Hynix, with weights of 26.39%, 24.54%, and 22.77%, respectively. Other major holdings include Seagate Technology, Western Digital, SanDisk, Kioxia, Nanya Technology, and Zhaoyi Innovation.

According to Jinshi reports, U.S. President Trump stated, "America is ready to confront Iran; the level of military deterrence, strength, and power has not been seen since World War II.Nevertheless, we have just received requests from Iran and other Middle Eastern countries asking us to postpone any attacks, as a framework for an agreement has been reached. This will include the immediate, complete, and thorough opening of the Strait of Hormuz, as well as the end of Iran's nuclear threat.Based on this request, I agree to cancel the attack for the future interests of the world and the survival of a successful and prosperous Iran, provided that an agreement can be reached quickly. The State of Israel is committed to this with me. Everyone should take action and get this done."

According to Coin Bureau, Goldman Sachs expects the Federal Reserve to maintain the current interest rate level throughout 2026.It believes that the trend of slowing inflation will overshadow hawkish signals and the market's rising expectations for a rate hike in September.

Binance founder Zhao Changpeng reposted on the X platform about a user being attacked by a Coldcard wallet and stated that software will always have vulnerabilities; the key is how the team behind it addresses the issues.Zhao Changpeng added that Trust Wallet also faced a similar problem years ago, where the use of a non-truly random pseudorandom number generator led to a loss of about 12 million dollars, but the team ultimately covered the users' losses.Previously, a suspected third wave of attacks targeting Coldcard-generated addresses has emerged, with attackers again transferring about 207.7294 BTC. Data shows that the scale of observed Coldcard-related attacks has expanded to about 1,367.05 BTC, involving approximately 4,585 addresses, valued at about 88.6 million dollars at current prices.

According to The Block, the Dubai-based cryptocurrency exchange Shelbit has processed at least $4 billion in transactions since May 2024 and serves as a hub connecting Iranian gambling websites, the Central Bank of Iran, and entities related to the Iranian Islamic Revolutionary Guard Corps.At least $676 million has been transferred from addresses associated with Shelbit to Binance, including approximately $540 million that was transferred after Dubai regulators fined the unlicensed exchange in January 2025. The report could not independently determine who controls Shelbit within the Iranian government, nor could it ascertain whether the Iranian Islamic Revolutionary Guard Corps directly operates the broader network.

Strive Vice President Joe Burnett posted on platform X that the recent weeks may be among the worst in Bitcoin's history. Many people purchased recognized hardware wallets, generated mnemonic phrases offline, and followed established best practices, yet still lost a significant amount of Bitcoin due to a vulnerability affecting COLDCARD wallet that generated mnemonic phrases since March 2021 and beyond. This vulnerability went undetected for over 5 years.Joe Burnett stated that this will permanently change people's confidence in self-custody. Self-custody will still exist, but it has been permanently altered. For those who wish to directly control a large amount of Bitcoin, the standard should be multi-vendor multi-signature, with keys generated independently using different hardware and different software, and stored in different physical locations. If this approach is unacceptable, then institutional-grade custodians should be used.Joe Burnett mentioned that the current wave of Bitcoin adoption is happening through ETFs, treasury companies, and institutional custodians, primarily from individuals who unintentionally become experts in private key generation, hardware security, firmware, backups, inheritance planning, and physical storage. A single key generated by one hardware wallet protecting a large amount of Bitcoin poses excessive concentration risk.Joe Burnett also stated that institutional custody may ultimately lead to excessive Bitcoin concentration in the hands of large companies, resulting in risks of censorship, seizure, and confiscation. However, Bitcoin's portability and settlement attributes provide a crucial counterbalance, allowing users to create wallets and request custodians to send Bitcoin, transitioning from counterparty risk to direct ownership within minutes.Joe Burnett believes that as long as Bitcoin itself remains secure, the failure of any particular custody method does not negate the underlying monetary system, but rather forces the market to develop better tools, stronger standards, and more resilient custody frameworks. This week may ultimately mark the end of an era for Bitcoin custody and the beginning of the next wave of Bitcoin adoption.

Binance founder Zhao Changpeng posted on the X platform that we may be in a bear market, but there is still a lot of capital looking for investment opportunities.

Zhao Changpeng posted on platform X, stating that regarding the suspected vulnerability of the Coldcard wallet that led to over $38 million in Bitcoin being stolen, even hardware wallets may have vulnerabilities.Even long-established wallets may have vulnerabilities. To reduce risk, one might consider diversifying funds across several wallets, but this brings another set of risks. Nothing is 100% secure.