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According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index rising by 0.48% and the Hang Seng Tech Index rising by 0.96%; Alibaba closed up 7.01% for the day.

According to data from RootData stock derivatives exchanges, the top three exchanges by cumulative trading volume over the past 7 days are Binance, Hyperliquid, and OKX.The total trading volume of the three exchanges is approximately $212.519 billion, accounting for 77.79% of the market share. Among them, Binance's total trading volume over 7 days is approximately $141.376 billion, with a market share of 51.75%; Hyperliquid is approximately $36.869 billion, with a market share of 13.50%; OKX is approximately $34.274 billion, with a market share of 12.55%.

According to Jinshi reports, based on the latest AI server industry research by TrendForce, under the backdrop of rising demand for AI infrastructure, the total capital expenditure of the world's nine major cloud service providers (CSP) is expected to grow by approximately 90% year-on-year by 2026.Recently, ultra-large CSPs and Tier-2 data center operators have shown a significant increase in their willingness to purchase NVIDIA's integrated AI server solutions, and it is expected that the annual growth rate of AI server shipments in 2026 will be adjusted from the original 28% to nearly 31%.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Mubadala Citi DC Open: Jessica Pegula vs. Alexandra Eala," the sub-market "Mubadala Citi DC Open: Jessica Pegula vs. Alexandra Eala Total Points: Over/Under 2.5" saw a dramatic fluctuation in the winning probability of the "Over 2.5" option, soaring from 26.5% an hour ago to the current 53.5% (a fluctuation of 27%). Please note the impact of related breaking news.

Well-known trader CryptoD stated on social media, "Recently looking back at community messages, I found that the entire Meme ecosystem has become very fragmented. The Chinese and foreign markets are gradually forming different ecosystems, leading to ineffective concentration of funds. Additionally, the market has been in a bear phase for a long time, with no significant increase in funds, but rather more chains emerging and liquidity becoming more dispersed.However, I also believe that the overall crypto market is gradually approaching the bottom, and Q3 and Q4 are likely to be the last period to calmly position before the next bull market."Previous reports indicated that CryptoD earned over 10 million dollars by trading the Meme coin TRUMP.

The AI-driven meme infrastructure project 2U2.ai announced that its native token $2U2 will officially launch on Bitget, KuCoin, and MEXC for spot trading at 15:00 (UTC+8) on August 3, while KuCoin will simultaneously launch $2U2 contract trading.Meanwhile, the community incentive campaign "The Meme Arms Race," which lasted for several months, has officially concluded. The project team will simultaneously open airdrop claims for 100,000,000 $2U2, and eligible users can log in to official channels to claim them. According to the rules, users can choose between an "immediate claim" or "long-term release" mechanism, corresponding to different earning models.2U2.ai is committed to building a Web3 native meme content production and distribution infrastructure, achieving on-chain assetization of memes through the "Create--Share--Earn" mechanism. This token listing and distribution marks the comprehensive entry of its ecosystem into the circulation and operation phase.

The Hong Kong Securities and Futures Commission announced that BiFinance has been listed as a suspicious virtual asset trading platform. The Hong Kong Securities and Futures Commission stated that the company claims to be licensed in Hong Kong and asserts that it provides digital asset trading services such as spot, futures, and wealth management on its website, as well as other services related to digital assets. However, the company is not licensed by the Securities and Futures Commission and is suspected of conducting unlicensed activities.In addition, the Hong Kong Securities and Futures Commission has also listed DFX Labs Company Limited as a suspicious virtual asset trading platform and has included "fgzc," "dwzc," "tarikron," and others as fraudulent websites.

Morgan Stanley replaced Goldman Sachs to become one of the top three underwriters for Asian stock issuances last month, excluding Japan. So far this year, the total issuance in this market has increased by 55% compared to the same period last year.According to compiled data, companies raised $162 billion through stock issuances in July, compared to $104.8 billion in the same period last year. Morgan Stanley's market share rose to 6.07%, surpassing Goldman Sachs' 5.62%; China International Capital Corporation maintained the top underwriting position with a 13.1% share. Changxin Storage completed a fundraising of $9.84 billion in July, making it the largest stock issuance project of the month.

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 The Block, the Hong Kong police stated that a local insurance practitioner fell victim to a fraudulent cryptocurrency investment romance scam, with total losses exceeding 26 million Hong Kong dollars, approximately 3.3 million US dollars.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 27, down 1 point from yesterday. The average over the past 7 days is 26, and the average over the past 30 days is 26.

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.

Recently, there are rumors in the market that TradeXYZ is conducting equity financing, aiming to raise $200 million at a valuation of $1.5 billion.Cobie stated that the probability of TradeXYZ securing financing is 0; another community member questioned why, if TradeXYZ needs financing, it does not raise funds from the Hyperliquid team led by Jeff.

Binance will stop trading and delist the following cryptocurrencies on August 17, 2026, at 11:00: Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), Viction (VIC). Users are advised to pay attention to the changes in the relevant trading pairs and adjust their positions in a timely manner.

According to SoSoValue data, last week's trading days (Eastern Time July 27 to July 31) saw a net inflow of $14.86 million for the XRP spot ETF.The XRP spot ETF with the highest net inflow last week was the Bitwise ETF XRP, with a weekly net inflow of $10.1528 million, bringing the total historical net inflow for XRP to $511 million. Following that is the Franklin Templeton ETF XRPZ, with a weekly net inflow of $4.7027 million, currently totaling $426 million in historical net inflow for XRPZ.As of the time of publication, the total net asset value of the XRP spot ETF is $989 million, with an ETF net asset ratio (market value compared to XRP's total market value) of 1.49%, and the historical cumulative net inflow has reached $1.51 billion.

Goldman Sachs published a research report stating that Samsung Electronics' operating profit for the second quarter met expectations. The firm raised its earnings per share forecast for 2026 to 2028 by about 2% and increased the 12-month target price from 480,000 won to 490,000 won. The firm expects that demand for memory will significantly exceed supply, with the gap widening in 2027 and supply remaining tight in 2028.Goldman Sachs pointed out that the company has signed long-term agreements with major data center customers, which will provide better profit visibility and downside protection.In addition, the company aims to become a leader in the AI memory market, with HBM4 expected to account for over 60% of HBM revenue in the second half of 2026, and anticipates significant upside potential for shareholder returns. The stock is currently trading at a forecasted price-to-earnings ratio of 3.1 times and a price-to-book ratio of 1.2 times, with a shareholder return rate close to 50%.

According to Ai Yi's monitoring, the address 0xb37 deposited 1.448 million USDC to Hyperliquid this morning as collateral, and then placed a total buy order of 10 million USD for SKHX in the range of 991.22 to 1016.6 USD.If the price of Hynix continues to drop, the related buy orders may be executed.

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 official news, Alibaba has released the Qianwen 3.8-MAX artificial intelligence model, which has 2.4 trillion parameters. The model will open source its weights next week, marking the first time Tongyi Qianwen has open-sourced a Max-level model, along with the simultaneous open-sourcing of Qwen3.8-27B.Qwen3.8-Max focuses on autonomous programming and multimodal capabilities, capable of over 10 days of self-evolution development and 500+ rounds of chip design optimization. The API pricing is $2.0/M tokens for input and $6.0/M tokens for output. This is the second open-source weight model with over 2T parameters following Kimi K3, marking an intensification of competition in the open-source large-scale model space.