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Well-known trader Killa posted that when BTC enters a new monthly cycle, the market has formed a strong bearish narrative, so the probability of a bullish reaction at the beginning of this month is relatively high.He pointed out that based on previous trends, when BTC enters a new phase amid obvious bearish sentiment, there is usually a reverse fluctuation. This pattern may only fail when a significant trend is about to change, such as in November last year and in February and June this year.Killa believes that BTC is currently still in a range-bound fluctuation and is close to the bear market low, so there are two possibilities: one is that the price finally drops below $57,000; the other is that it begins to rebound upwards this month and continues to maintain range-bound movement. Even if BTC is expected to decline afterward, a 2% to 4% increase at the beginning of this month is more in line with the current market structure.

According to Onchain Lens monitoring, about 4 hours ago, a Hyperliquid trader's long position of 47,610 BRENTOIL was liquidated, resulting in a loss of approximately $277,600.6 days ago, another BRENTOIL position held by the trader was also liquidated, resulting in a loss of approximately $288,500, with total losses from both liquidations amounting to about $566,100. Their historical cumulative losses are approximately $2.86 million.

According to Onchain Lens monitoring, a newly created wallet withdrew 100 BTC from BitMEX, worth approximately 6.34 million USD;Another wallet associated with the same person received 5.055 BTC, worth approximately 318,500 USD, totaling a withdrawal of 105.055 BTC, worth approximately 6.66 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Avantis (AVNT) will unlock approximately 29.25 million tokens at 14:00 Beijing time on August 9, valued at about 2.43 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Movement (MOVE) will unlock approximately 17.674 million tokens at 11:00 AM Beijing time on August 9, worth about 1.33 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Mango Network (MGO) will unlock approximately 19.312 million tokens at 9 AM Beijing time on August 9, worth about 1.79 million USD.

According to token unlocking data from the Crypto asset data platform RootData, STEPN (GMT) will unlock approximately 55.31 million tokens at 8:00 AM Beijing time on August 9, worth about 2.43 million USD.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Pittsburgh Pirates vs. Cincinnati Reds," the option "Cincinnati Reds" in the sub-market "Spread -2.5" has experienced a dramatic fluctuation in winning probability, soaring from 3.9% an hour ago to the current 31.35% (a fluctuation of 27.45%). Please note the impact of related breaking news.

The Kobeissi Letter posted on platform X that the U.S. ETF market has recently experienced rapid expansion, with approximately 390 U.S.-listed ETFs launched in the past two months, setting a record for the largest two-month issuance increase in history, growing more than three times compared to the beginning of 2024.Data shows that among the ETFs launched this year, about 54% of the products employ derivative strategies, with more than one-third being leveraged or inverse ETFs.In addition, fund issuers have submitted over 1,000 applications for leveraged ETFs so far this year, and the market expects the issuance of ETF products to continue to grow in the future.

According to Jinshi reports, Jordan has informed Iraq that if Iran-aligned militias attack Jordan, Jordan will retaliate.

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has suspended its decision to approve the Nasdaq cash-settled Bitcoin index options (QBTC) and will re-examine it in response to a legal challenge raised by the Chicago Mercantile Exchange (CME). The SEC has frozen the approval until August 24, seeking feedback from all parties. QBTC will remain suspended until the commission completes its review.The SEC conditionally approved the product for listing in May this year, but it requires an exemption from the CFTC. The CME raised objections in June, arguing that Bitcoin is a commodity and its options should fall under the exclusive jurisdiction of the CFTC, not the SEC. If the CME's claim is established, Nasdaq would need to register as a futures platform regulated by the CFTC or redesign the contracts.

According to on-chain analyst Yu Jin's monitoring, multiple institutions have released their staked HYPE and sold it. HYPE has dropped from $72 to $52 in the past month, a decline of 28%. A certain whale holds 1.38 million HYPE long positions, valued at $72.15 million, with the current liquidation price at $47.6, approximately 9% away from HYPE's current price.This position has been held for 8 months and has not been closed. At the end of January, it had an unrealized loss of $26 million, with a maximum unrealized profit of $47.46 million in June, and currently still has an unrealized profit of $18.8 million; its proximity to the liquidation price is due to the previous withdrawal of a significant amount of unrealized profit margin.

According to Bitcoin.com, U.S. President Trump is weighing the bipartisan ethical counterproposal of the CLARITY Act, and Senate negotiators need to finalize the cryptocurrency conflict of interest rules before the recess on August 7.The bill aims to establish a federal regulatory framework for cryptocurrency companies through the division of responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Republican Senator Thom Tillis and Democratic Senator Ruben Gallego submitted an enforcement proposal to the White House on July 29. This proposal allows state-level agencies to enforce federal officials' bans on issuing or sponsoring digital tokens, rather than solely handling related violations through the Department of Justice.The U.S. House of Representatives passed a version of the bill on July 17 with 294 votes in favor and 134 against, with over 70 Democrats voting in favor. The Senate has not yet held a full vote; the bill needs 60 votes to pass, and if all Republicans support it, at least 7 Democrats will still need to vote in favor.

According to monitoring by Lookonchain, a former BNB Chain employee deployed a new token ASTEROID and used 4 newly created wallets to purchase 796.7 million ASTEROID for $10,000 (accounting for 79.67% of the total supply).The employee has since sold 718.8 million ASTEROID, exchanging it for 1,103 BNB (approximately $638,000), making a profit of $628,000.ChainCatcher previously reported that the BNB Chain officials stated that a former employee was unauthorized to use the original official test wallet to issue the new Meme token (referring to ASTEROID) and legal action has been taken.

According to Jinshi reports, U.S. European Command Commander Alexus Grynkewich privately warned the Pentagon this week that it lacks sufficient naval power to protect Israel from ballistic missile attacks. This situation highlights the ongoing pressure on U.S. military resources due to the Iran war.Grynkewich stated that if he cannot obtain another naval destroyer, he will be forced to choose between homeland defense and defense for Israel.

According to Onchain Lens monitoring, a certain whale has accumulated 266,400 LINK from Binance over the past month, worth approximately 2.15 million USD, and then transferred the entire balance to a Gnosis Safe multi-signature wallet.

According to Jinshi reports, Trump has ordered a new round of attacks on Iran, aiming to force Tehran to surrender, with actions possibly starting as early as this weekend and lasting for several days. In an interview, Trump stated that the strikes by Washington and Israel against Iran are "progressing smoothly." Additionally, due to the ongoing war in Iran and soaring gasoline prices, Trump's approval rating has dropped to 40.6% this month, a new low since his second term began.

According to token unlock data from the crypto asset data platform RootData, Immutable X (IMX) will unlock approximately 9.62 million tokens at 8:00 AM Beijing time on August 8, worth about 1.05 million USD.

According to Jinshi, the U.S. Department of Defense's emergency funding request of $67 billion for this fiscal year includes more than $10 billion for the purchase of "Patriot" missiles and the "THAAD" missile defense system. Among them, $5.75 billion is allocated for the procurement of "THAAD" missiles, and $5.57 billion for the additional purchase of "Patriot" missiles. In addition, the procurement list also includes $1.9 billion for "Standard-6" missiles and $1.3 billion for "Tomahawk" cruise missiles, as well as $692 million for the procurement of "precision strike missiles." With the U.S. military's operations in the Middle East, concerns have been raised about the status of weapon inventories.

Bitget has launched the 8th phase of the "Ten Million Club" contract VIP event, with the event snapshot rules being "cumulative achievement for the natural month + end-of-month status confirmation."The platform will base its account data on August 31 and will gift different tiers of esports-themed gift boxes based on users' US stock rToken trading volume or contract trading volume from August 1 to August 31. Rewards include: Razer gaming chair, PS5 Pro, Colorful RTX 5090 graphics card, and other great gifts.Previously, Bitget announced an upgrade to its contract VIP service system and launched the "Ten Million Club" program, where eligible users can receive customized high-end physical gift boxes from the platform on a monthly basis. Gifts such as Moutai, Hermès, Apple gift boxes, and Luk Fook jewelry have already been given to users. Specific rights and benefits will be announced for each month.