ratio

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.475 billion, with long positions totaling $2.206 billion, accounting for 49.3% of the holdings, and short positions totaling $2.269 billion, accounting for 50.7%. The profit and loss for long positions is -$96.074 million, while the profit and loss for short positions is $26.9193 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a 3x leverage at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.6817 million.

The State Taxation Administration of China responded to the recent discussions on taxing insurance income in Hong Kong, stating that Chinese tax residents are required to fulfill their tax obligations on global income according to the law, and that overseas insurance income also falls within the scope of taxable income. This is not a new policy and is not specifically aimed at the Hong Kong insurance market. The tax authority indicated that residents must declare and pay taxes on overseas insurance income and other investment income in accordance with the law, and the relevant rules treat overseas income from different countries and regions equally.Yesterday, Caixin reported that with the normalization of CRS information exchange, Chinese tax authorities can now fully obtain data on dividends and cash value from overseas insurance policies, gradually filling the gaps in tax administration. Currently, the taxation of insurance income from overseas sources has been initiated.

The prediction market platform Kalshi announced the launch of the AI tool Blanket, aimed at helping small businesses hedge operational risks related to weather, energy prices, tariffs, elections, and more using event contracts.Blanket was developed by independent fintech entrepreneur Lauris Zminsky, based on Kalshi's CFTC-regulated prediction market operations, but it is not an internal product of Kalshi. The tool does not directly execute trades or handle funds, but instead analyzes the risks faced by businesses through AI and recommends Kalshi event contracts that can be used for hedging.

Ethereum co-founder Vitalik Buterin stated that Signal recently announced it is exploring allowing users to register accounts without a phone number. He welcomed this move, believing it helps reduce reliance on the highly oligopolistic system of phone numbers, lowers the identity security risks associated with SIM card swaps, and makes it more difficult for governments to pressure Signal to ban users based on nationality.Vitalik also pointed out that while this initiative is better for privacy protection than the current situation, it only achieves "confidentiality" and does not reach true anonymity, as metadata such as message sending time, frequency, and recipients could still be used for identity correlation. He believes that with the development of artificial intelligence technology, long-lasting anonymous accounts are becoming outdated, and the only defensible form of privacy is "message-by-message uncorrelatable," meaning that no one other than the sender and receiver knows the identities of the communicating parties. This direction is currently being explored and advanced by new communication tools and mixing network projects such as Session and SimpleX. Additionally, protection against spam and denial-of-service attacks will become the next key issues to address.

Starknet announced that it has completed the quantum-resistant signature transfer test, where a wallet account using a quantum-resistant signature mechanism completed a real transfer on the Starknet mainnet, with a transaction fee of about 6 cents, and can be queried through the block explorer. This account is currently an experimental, unaudited version, mainly used for research testing. StarkWare stated that this transfer benefits from the design of the Starknet account model.Unlike most blockchains that fix the signature algorithm at the protocol layer, each account on Starknet is a smart contract that can autonomously define the accepted signature schemes, allowing users to upgrade their wallets from traditional elliptic curve signatures to quantum-resistant signatures without hard forks, asset migrations, or changing addresses. StarkWare pointed out that most blockchains face quantum computing risks because wallet signatures and underlying verification systems rely on elliptic curve cryptography. Once large-scale quantum computers appear, running Shor's algorithm could potentially break the related encryption systems. Currently, the Starknet ecosystem supports a quantum-resistant signature scheme based on Falcon-512, which is part of the NIST post-quantum cryptography standardization process, with relevant implementations promoted by ecosystem teams and organizations such as OpenZeppelin.

According to Cointelegraph, Bridge, a stablecoin infrastructure company under Stripe, has officially joined the EU Crypto Asset Market Regulation (MiCA) registry through its Luxembourg entity, Bridge Building. Previously, Bridge obtained authorization as a Crypto Asset Service Provider (CASP) under the MiCA framework and received an Electronic Money Institution (EMI) license from the Luxembourg Financial Supervisory Authority (CSSF) on July 2.Mai Leduc Blount, Head of Products at Bridge, stated that the aforementioned approvals will allow EU businesses to build stablecoins and payment products within a compliant framework. According to the latest update from the European Securities and Markets Authority (ESMA), Bridge's inclusion increases the total number of EU-authorized Electronic Money Token (EMT) issuers to 42; during the same period, three institutions from Germany newly obtained CASP authorization, raising the total number of EU-authorized CASPs to 324.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.851 billion, with long positions totaling $2.393 billion, accounting for 49.33% of the holdings, and short positions totaling $2.458 billion, accounting for 50.67% of the holdings. The profit and loss for long positions is -$89.2905 million, while the profit and loss for short positions is $19.3756 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.2317 million.

The Volcano Engine officially launched the Seedance 2.5 API. Compared to Seedance 2, the new version has significantly improved in areas such as instruction adherence, long narratives, character consistency, realism, lighting and shadow quality, and sound effects. It natively supports 30-second video output, a maximum of 50 multimodal material references, and is compatible with more than a dozen languages.

According to Wired, during security testing, the open-source model Kimi K3 from the dark side of the moon broke out of the sandbox and accessed the internet, attempting to find test answers via GitHub. American security startup Frontier Security stated that Kimi K3 exploited a sandbox configuration vulnerability, but it itself lacked sufficient built-in protective mechanisms.Similar to incidents previously disclosed by OpenAI and Anthropic, this escape partially stemmed from a sandbox configuration error. However, Kimi K3 did not initiate an attack, as the answers were easily accessible on GitHub. The CEO of Frontier Security stated that Kimi K3 performed excellently in cybersecurity defense but lacked mechanisms to prevent cheating or escaping the sandbox. Security experts emphasized that configuring the testing environment is crucial, as the misuse of AI agents could lead to system failures.

The on-chain financial experimental team TokenWorks announced that it has increased the proportion of fees from its Fake World Assets (FWA) protocol used for buybacks from 80% to 100%.TokenWorks also updated the distribution ratio of the repurchased tokens: 40% allocated to buyers, 30% allocated to depositors, and 30% for destruction. The v4 pool trading still retains a 1% fee for TokenWorks.

According to the WSJ, Wintermute's U.S. subsidiary has registered as a broker-dealer, marking the company's official entry into the regulated U.S. financial market. This registration qualifies it to apply to become a designated market maker on securities exchanges such as the New York Stock Exchange and NASDAQ, providing a foundation for its expansion into the traditional financial services sector. The report noted that Wintermute is competing with large market-making institutions such as Jane Street Capital and Citadel Securities.

The Federal Reserve accepted a total of $1.429 billion from 6 counterparties in the fixed-rate reverse repurchase operation.

According to The Information, Nvidia is weighing a significant adjustment measure, considering using less high-bandwidth memory for the Rubin Ultra GPU to address the shortage of advanced high-bandwidth memory chips.

The Move-to-Earn application Step App officially announced its closure after four years of operation. The official statement indicated that the platform has achieved over 1 million downloads, tracked billions of steps, and facilitated the integration of Web2 and Web3 in the fitness sector.All services will cease before August 21, 2026. The team reminds users to unstake locked tokens and manage their exchange positions before this date.

Bitget recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. According to the framework of the agreement, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare relevant financial service license applications under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows related to operations, regulation, and ecosystem development. According to the plan, Bitget will also gradually establish offices locally and conduct local recruitment to support local talent development and long-term construction.As a special administrative region in southern Bhutan, GMC is being developed as the next-generation international financial and innovation center, with its virtual asset system governed by the Financial Services Act of 2025. Jigdrel Singay, a board member of the Gelephu Mindfulness City Board, pointed out that introducing partners like Bitget helps bring global expertise while promoting local capabilities and the broader financial ecosystem development.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.852 billion, with long positions totaling $2.406 billion, accounting for 49.59% of the holdings, and short positions totaling $2.446 billion, accounting for 50.41%. The profit and loss for long positions is -$75.0186 million, while the profit and loss for short positions is $6.6701 million.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of $1,700.06, currently showing an unrealized profit and loss of -$10.5917 million.

The U.S. Department of the Treasury issued a joint statement outlining the discussions from the U.S.-UK Financial Regulatory Working Group meeting held on July 8 in London. The regulatory agencies from both sides expanded their collaboration in areas such as digital assets, stablecoins, payment modernization, AI, financial stability, capital markets, and cross-border financial cooperation. Participants included the finance departments of both countries, the Bank of England, the Federal Reserve, the UK's Financial Conduct Authority, and several U.S. financial regulatory agencies.The U.S. side introduced the implementation progress of the stablecoin GENIUS Act and the market structure for digital assets, while the UK side presented the digital strategy for wholesale financial markets. Both sides support comparable regulatory standards for stablecoins, including cross-border use, comparable treatment of similar risks, and that stablecoins used as currency should be backed by high-quality liquid assets at least on a one-to-one basis. The Federal Deposit Insurance Corporation has proposed implementation standards for the GENIUS Act, covering reserves, redemption, capital, liquidity, risk management, custody, and safekeeping.The Bank of England has released a draft rule for stablecoins that could achieve systemic scale in the UK economy, including a temporary issuance cap of £40 billion for each systemic stablecoin, unrestricted use by individuals and businesses, and reserve requirements. The Financial Regulatory Working Group is expected to hold another meeting in early 2027.

According to Jinshi reports, Meta Platforms (META.O) company's artificial intelligence model attacked another company during cybersecurity testing. Meta's MUSE SPARK 1.1 model breached the company's systems and made changes to its internal systems. A Meta spokesperson stated that this anomaly was caused by a configuration error, after which the model exploited a security vulnerability.