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The Binance research report shows that in the first half of 2026, the on-chain market contracted overall rather than experiencing capital rotation. The total locked value in DeFi across the entire chain decreased by $43.4 billion, a decline of 38%; the total market capitalization of the six major mainstream Layer 1 public chains covered in the report decreased by $246.5 billion, a decline of 42%. The Ethereum spot ETF holdings dropped from over 6 million ETH to 5.2 million, while the holdings of digital asset reserve companies increased from 6 million to 7.7 million, indicating a change in marginal holding structure.The report also pointed out that after the increase in Ethereum's Gas limit, the average Gas price decreased by 75% compared to 2025, and the number of transactions grew by about 50%, but the annual on-chain revenue is still expected to decline by 53%. User activity on Layer 2 general networks significantly weakened, with user operations dropping by about 77% from January to June 2026. The Solana network's REV fell from $40 million in January to $14 million in June.On the other hand, BNB Chain performed outstandingly in the field of tokenized stocks and tokenized real-world assets, with the market share of on-chain tokenized RWA increasing from 9.8% to 13.5% in the first half of the year. The report also mentioned that prediction markets, DEX, lending, and tokenized RWA remain among the few major directions that maintain activity.

According to official news, Websea has completed a major upgrade of the contract insurance airdrop rules on July 30, 2026. After the upgrade, the insurance α pool will airdrop a fixed amount of 1 USDT for new nodes each period, and the insurance β pool will airdrop a fixed amount of 0.7 USDT for new nodes each period, with a maximum of 100 airdrops for both pools, and the total amount is fixed and transparent.Websea's contract insurance aims to provide an additional risk buffer for every opening position, helping users reduce risk concerns amid fluctuations in the derivatives market. This upgrade focuses on simplifying the rules and enhancing transparency, allowing users to calculate the amount for each period, the number of airdrops, and the total cumulative amount in advance, without facing fluctuating variables.

Recently, the gold and silver markets have continued to show strong performance, with trading activity in the metals sector steadily increasing. According to market data from the Gate platform, gold (XAU) is currently priced at $4087.68, with a 24-hour increase of 1.51%; silver (XAG) is currently priced at $58.52, with a 24-hour increase of 1.77%. According to CoinGlass data, the open interest for Gate XAU contracts has reached $192 million, and the open interest for Gate XAG contracts has reached $72.509 million, both ranking in the top two in the industry.Gate has pioneered the trading sector for perpetual contracts and CFD contracts for metals, covering mainstream trading targets such as gold, silver, and platinum, and supports 24/7 trading with USDT settlement. Relying on Gate's innovative unified account system, users can configure diverse assets such as stocks, metals, foreign exchange, indices, and commodities without the need for cross-platform operations, helping users achieve a more flexible and efficient one-stop global asset strategy layout in volatile markets.

Recently, South Korean stock leader SK Hynix has experienced a continuous decline, triggering an increase in the trading activity of related stock derivatives. According to the RootData Pro data panel, in mainstream stock derivatives exchanges:The SKHYNIX contract has generally dropped about 7% in 24 hours, with Lighter and HTX experiencing relatively smaller declines. From the perspective of open interest (OI), Hyperliquid leads with $571 million, followed by Binance with $501 million, and OKX in third place with $82.14 million; in terms of trading volume, Binance has the highest 24-hour transaction amount at $4.15 billion, followed by Hyperliquid at $1.51 billion and OKX at $1.19 billion.The SKHY contract has mostly dropped about 4%-5% across platforms in 24 hours. From the OI perspective, Binance leads with $115 million, followed by Hyperliquid with $110 million, Bitget with $20.22 million, and OKX with $17.41 million; in terms of trading volume, Binance has the highest 24-hour transaction amount at $1.61 billion, followed by XT.com at $482 million, OKX at $387 million, and Hyperliquid at $310 million.From the perspective of price spread, the spread for SKHYNIX on Binance, Bitget, and Bybit is about 0.0032%, Hyperliquid is 0.0054%, and OKX is 0.0076%; the spread for SKHY on Binance, OKX, Hyperliquid, Bitget, Bybit, and Gate is about 0.0081%, indicating high price synchronization. In terms of funding rates, the SKHYNIX contracts on Lighter, OKX, and Hyperliquid have relatively high funding rates, indicating an increase in long position costs.It is reported that SK Hynix announced its Q2 2026 financial report on July 29, with revenue of 79.32 trillion won, operating profit of 60.54 trillion won, and net profit of 93.92 trillion won, all setting quarterly records. However, the performance did not fully meet the market's high expectations, and SK Hynix's stock price once plummeted over 19.3% during the session, setting a record for the largest single-day decline in history. Overall, the funding for SK Hynix (SKHYNIX/SKHY) contracts is mainly concentrated on Hyperliquid and Binance.

According to reporter Eleanor Terrett, Binance.US CEO Stevie Satoshi revealed at the RareEvo conference that the company plans to apply for Designated Contract Market (DCM) status with the Commodity Futures Trading Commission (CFTC) next month, aiming to provide users with prediction market services.

According to the official report from Ostium, the core of this attack lies in the intrusion of the off-chain price reporting system's permissions, unrelated to smart contract vulnerabilities. After gaining off-chain authorization, the attacker submitted forged prices (5,000 USD and 60,000 USD) to the BTC-USD market using the legally registered forwarding paths of the protocol, completing an atomic open-close arbitrage cycle within the same transaction, and starting with a rolling scale of 100 USDC. Through 8 transactions, they extracted 23.75 million USDC from the OLP treasury within 5 minutes, until the treasury's circuit breaker mechanism was triggered.The root cause is the lack of a multi-party approval mechanism at the same level as on-chain multi-signature in the off-chain infrastructure, creating a single point of permission vulnerability. The stolen funds have been converted to ETH and mixed through Tornado Cash, and tracking efforts are still ongoing.

According to Coinglass data, the total contract open interest for ETH has decreased by 5.03% in the past 24 hours, with the current total open interest at $25.778 billion. Among them, Binance's open interest is $6.488 billion, OKX's open interest is $1.527 billion, Bybit's open interest is $1.595 billion, and Gate's open interest is $2.39 billion.

According to Jinshi reports, SpaceX has obtained a $1.6 billion contract from the U.S. Space Force to carry out 18 Falcon 9 launch missions for launching military-guided satellites.

The on-chain spot exchange Rialto has launched the Robinhood Chain token issuance platform Varo. Varo adopts a contract architecture based on Uniswap V3, with no binding curve or graduation fees. Tokens can be traded instantly through the Uniswap liquidity pool at the time of issuance and can be integrated with platforms such as Uniswap, GMGN, LI.FI, BasedBot, and Definitive.Each token issued on Varo has a fixed supply of 100 million tokens, and the initial market value is set by Varo (for example, 60,000 USDG or 30 WETH). There are no reserved shares for teams or developers, and liquidity positions are permanently locked in the contract. The trading fee is 1%, of which 30% belongs to Rialto.The project team also stated that a "one code corresponds to one token" mechanism is used to prevent confusion with tokens of the same name and that the higher initial market value setting aims to reduce the economic incentive for sniper bots to accumulate tokens at low cost.

SlowMist announced that a new recruitment scam targeting Web3 practitioners has recently been discovered. Attackers impersonate recruiters, luring victims to install an AI meeting software called "Relay," which is actually an information-stealing malware.This malware targets both macOS and Windows users and can steal sensitive information such as browser credentials, cryptocurrency wallet-related data, Keychain data, Telegram sessions, and more. SlowMist has completed sample analysis and disclosed how this attack chain operates. SlowMist reminds that when participating in online interviews or recruitment processes, one should be cautious about installing unfamiliar software, avoid running unverified applications, and pay attention to unusual installation requests or system password prompts.

The Binance contract platform will launch the PYPLUSDT perpetual contract on July 29 at 17:00, the GSUSDT perpetual contract at 17:05, and the SMHUSDT perpetual contract at 17:10, with a maximum leverage of 20 times.

On Tuesday, Apple's stock price reached an all-time high during trading, briefly surpassing a market capitalization of $5 trillion, and continues to hold the top position globally in terms of market value. According to CoinGlass data, the total contract value of Apple (AAPL) across the network is approximately $128 million. From the platform distribution perspective, tradeXYZ, Binance, and Bitget rank in the top three, collectively accounting for about 85.02% of the market share. Among them:tradeXYZ: approximately 219,200 AAPL held, corresponding to a value of $74.9307 million;Binance: approximately 80,300 AAPL held, corresponding to a value of $27.4616 million;Bitget: approximately 18,900 AAPL held, corresponding to a value of $6.4609 million.

According to SolanaFloor, the Solana ecosystem perpetual contract platform Bulk has launched BIP-1, allowing anyone to deploy their own perpetual market on the mainnet with almost zero upfront costs before going live.Successful markets can subsequently join BULK's portfolio margin system, allowing traders to use up to 70% less collateral.

According to the latest weekly report from Gate Ventures, global risk assets are under pressure due to adjustments in technology stocks, fluctuations in the energy market, and changes in macro expectations, with the cryptocurrency market showing a volatile recovery trend. BTC rose 1.1% over the week, ETH rose 4.4%, pushing the ETH/BTC ratio up by 2.2%, and the total market capitalization of cryptocurrencies increased by 1.03%. In terms of capital flow, the net inflow for spot BTC ETFs was only $33.8 million for the week, the lowest level since their launch; the net inflow for spot ETH ETFs during the same period was $103.9 million, indicating an improvement in market sentiment, with the Fear and Greed Index rising to 30, but still in the "fear" range. Meanwhile, the price of STRC under Strategy remained around $86, trading below par for the ninth consecutive week, with the institutional holding ratio continuing to increase, and the market is paying attention to its subsequent performance.In terms of industry development, stablecoin payments and the construction of blockchain financial infrastructure are continuing to advance. KB Kookmin Bank is collaborating with Kinexys, a subsidiary of JPMorgan, to explore blockchain-based cross-border payment services, further promoting traditional financial institutions' layout in on-chain payment scenarios; Kakao and Circle are exploring the payment infrastructure for a Korean won stablecoin, accelerating the application exploration of stablecoins in retail payments and cross-border settlements. In terms of investment and financing, a total of 8 financing transactions were completed last week, with a disclosed total financing amount of $196.5 million, among which the financing scale in the infrastructure sector was the highest, reaching $193 million, and the stablecoin clearing infrastructure project Augustus completed $180 million in financing. Overall, the market's short-term risk appetite remains cautious, but stablecoin payments, on-chain clearing, and financial infrastructure construction continue to attract capital attention.

According to on-chain analysts, a wallet suspected to be associated with a16z (0xb5E...c24e) has withdrawn a total of 132,056.65 HYPE from various exchanges in the past 8 hours, worth 7.335 million dollars, with an average withdrawal price of 55.54 dollars.Since July 15, the same address has transferred a total of 398,000 HYPE to exchanges, approximately 24.89 million dollars.

Trade.xyz issued a statement regarding the SK Hynix contract price spike incident: On July 27 at 23:01 UTC, the marked price of SK Hynix tokens plummeted from $1,127.9 to $917.25, triggering a large number of long position liquidations. This price originated from an actual transaction captured by multiple independent data providers, with the external venue being a major pre-market in South Korea. Its oracle system operates according to established specifications, synchronously tracking prices from external exchanges, functioning "as designed" on a technical level.However, the platform acknowledges that user dissatisfaction with the liquidations triggered by this event is understandable, emphasizing that "market integrity is the core value of Trade.xyz." To address this, Trade.xyz has decided to cover all liquidation losses caused by this price anomaly on a one-time discretionary basis. Specific eligibility requirements will be announced soon, with compensation expected to be completed within a few days, but it clearly states that this decision "does not constitute a guarantee for similar situations in the future." At the mechanism level, the platform will accelerate the review of pricing methods— including reassessing the assumptions of reliance on external venues and giving greater weight to its own order book price discovery (its order book depth and signal strength have significantly improved compared to external sources) to more effectively handle tail events.

According to a report released by CryptoQuant's research director Julio, the current open interest in cryptocurrency perpetual contracts is approximately $65 billion, down about 20% from the peak of around $80 billion in September 2025 and early 2026, reflecting some deleveraging rather than new capital inflows. The market is highly concentrated, with Binance dominating with about 39% market share, the top three platforms accounting for about 63%, and the top five making up about 81%, indicating that capital is highly concentrated in leading exchanges.The report states that, at the same time, TradFi perpetual contracts for metals, crude oil, and stocks have become a growth highlight. This 24-hour, round-the-clock product has doubled in scale to over $2 billion since the end of May, allowing crypto trading to compete directly with traditional trading venues, although its size currently accounts for only about 3% of the crypto perpetual market. TradFi perpetual contracts are also dominated by leading platforms, with Binance, Gate, and Bybit at the forefront, showing that platforms with mature infrastructure and liquidity are extending their advantages into traditional asset tracks.

According to the official announcement, Websea has officially launched the perpetual contract trading related to Changxin Technology in the Tradfi section today at 18:00 (UTC+8). As a digital asset trading platform for global users, Websea continues to enrich the selection of popular market targets and derivative trading options.This launch will provide users who are interested in the domestic storage chip sector and related market trends with a more flexible two-way trading entry. In the future, Websea will also continue to pay attention to global hot asset dynamics and continuously expand more high-quality trading targets to meet users' diversified trading needs.

In response to the abnormal volatility in the SK hynix perpetual contract market, Hyperliquid stated that the platform is an unlicensed blockchain, and the HIP-3 market can be independently deployed and operated by different teams. The xyz:SKHYNIX perpetual contract is deployed and operated by the Trade.xyz team, which is currently investigating the incident and will announce progress after reaching a conclusion.Hyperliquid also explained that HIP-3 deployers can independently push the market's mark price, oracle price, and external perpetual price inputs. If a pricing mechanism similar to that used by platform validators for operating perpetual contracts is adopted, the protocol only provides one of the three median components, namely the on-chain latest transaction price, the best buy price, and the best sell price median, while the other two components are provided by the deployer, who jointly determines the final mark price.

The Federal Reserve will hold the FOMC monetary policy meeting from July 28 to 29, and the market is closely watching the direction of interest rate adjustments, inflation trends, and the policy signals released by Fed Chairman Kevin Warsh and officials. In the context of macro events driving market volatility, Gate event contracts are becoming a focus tool for some investors participating in the FOMC trading cycle. This product revolves around the price direction of BTC and ETH in short cycles such as 5 minutes, 15 minutes, 1 hour, and 4 hours, allowing users to make market arrangements in advance based on their predictions of macro policy outcomes and market trends.Compared to traditional derivatives, event contracts adopt a probability pricing model, with each contract priced between 0.01 to 0.99 USDT, and a minimum participation threshold of 1.5 USDT. The product mechanism does not introduce leverage, does not involve margin calls or forced liquidations, and the user's maximum loss is limited to the principal paid at the time of purchase; if the directional judgment is correct, it will be settled at 1 USDT per contract upon expiration. Under key nodes such as macro policies, this model provides users with a trading method that has clear risk boundaries and a lower participation threshold.In addition, Gate event contracts have launched a "New User First Order Compensation" activity, opening a $20,000 prize pool. Eligible new users who complete their first transaction and incur a loss can receive compensation rewards according to the rules.As the FOMC decision and subsequent policy statements are about to be announced, market sentiment may undergo further changes, and Gate event contracts provide users with a new way to participate in short-cycle market trading.