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Crypto KOL Phyrex posted on platform X, stating, "BitMart and BitMex did not close due to a collapse; it is very different from the sacrifice of FTX. These two primarily faced business issues."According to him, in 2023, BitMart had approached his associates about an acquisition, and they had done a lot of data analysis at the time, but it ultimately came to nothing. In fact, part of the decline of many third-tier exchanges is due to the impact from Binance Alpha.Small exchanges are essentially the stronghold of various altcoins, pump coins, Ponzi coins, and community coins, but the emergence of Alpha has provided better sources for these coins, which has also led to a significant reduction in listing fees for third-tier exchanges and a decrease in profits from joint market-making.Another reason is the signal teachers. In fact, the total number of signal teachers is not very large, but they have waves of associates. These teachers generally move between various exchanges, and once a new exchange offers better profits, these teachers quickly lead their followers to switch. The recent well-known cases of exchanges running away generally follow this pattern.

BitMart's global CEO Nenter Chow posted on the X platform stating that he was informed on July 24 that his position as global CEO would be terminated and that he would immediately enter the resignation process.Nenter Chow stated that since July 24, he has not participated in BitMart's management and decision-making, nor has he been involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated that he only learned of this decision after the official announcement from BitMart was made public.Nenter Chow expressed that his primary concern at the moment is the safety of BitMart users' assets and the placement of employees, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

According to the official announcement, BitMart has announced that after assessing its operational status, market environment, and future strategic direction, the platform has decided to orderly cease trading operations. Starting from July 26 at 01:30 (UTC), BitMart will gradually stop new user registrations and cryptocurrency, fiat currency deposits. The contract accounts will enter a mode of only reducing positions, spot trading will stop accepting new orders, and automated services such as copy trading, grid trading, and API trading will also gradually shut down.Starting from August 26 at 01:00 (UTC), BitMart will stop all spot, contract, and other trading services. Any contract positions that have not been closed by then may be processed according to the marked price, index price, or applicable settlement rules. Financial management, staking, lending, and Launchpad products will be terminated in phases, with specific redemption and settlement arrangements to be notified separately.The platform plans to officially cease trading platform operations on January 31, 2027, at 15:59 (UTC). After the shutdown, users will still be able to log into their accounts, view their history, and submit withdrawal requests within a specified period. BitMart advises users to complete identity verification and close all positions before August 26 at 01:00, and to submit withdrawal requests before 05:00 on the same day.Withdrawal services are still available, but some requests may be subject to manual review due to KYC, device and account security, source of funds, withdrawal address, Travel Rule, sanctions screening, and other requirements. BitMart reminds users to download and save their account balances, deposit and withdrawal records, and transaction history in advance, while also being vigilant against scams impersonating platform personnel who charge "expedited fees," "unfreezing fees," or request passwords, verification codes, private keys, and mnemonic phrases.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.344 billion, with long positions at $2.611 billion, accounting for 48.86% of the holdings, and short positions at $2.733 billion, accounting for 51.14%. The profit and loss for long positions is -$93.5557 million, and for short positions, it is $19.7173 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1857.95, currently showing an unrealized profit and loss of -$1.113 million.

According to official news, the one-stop trading platform Dango team announced that due to various reasons, the project has no viable path to achieve sustained commercial success and has decided to shut down. The team emphasized user fund safety, withdrawal restrictions will be lifted in the short term, and advised users to close positions and withdraw funds as soon as possible, while reminding that current liquidity is expected to be thin, and caution should be taken regarding slippage risk.At 20:00 Beijing time on July 29 (12:00 UTC), Dango will stop trading, and remaining positions will be closed at oracle prices. DLP gold deposits will be unlocked, and all funds will be returned to users' spot accounts in the form of USDC.At 20:00 Beijing time on August 13 (12:00 UTC), the Dango L1 blockchain will cease operation. At that time, any deposits that have not been withdrawn will be refunded to the user's original Ethereum deposit address.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.316 billion, with long positions totaling $2.589 billion, accounting for 48.7% of the holdings, and short positions totaling $2.727 billion, accounting for 51.3%. The profit and loss for long positions is -$11.7 million, while the profit and loss for short positions is $46.2986 million.Among them, the whale address 0xb83d..36 has shorted ETH with a 5x leverage at a price of $1857.71, currently showing an unrealized profit and loss of -$96,200.

According to the Wall Street Journal, Robinhood is in talks with Crypto.com to collaborate on prediction market services. If the partnership is established, the prediction market provided by Crypto.com will be integrated into Robinhood, allowing users to participate in Crypto.com's prediction market through Robinhood.Previously, Robinhood mainly relied on partners such as Kalshi and Interactive Brokers' ForecastEx and Rothera to provide prediction market contracts. This move may lead to more direct competition between Robinhood and Kalshi.

According to Jinshi reports, Nvidia announced on Friday that it will collaborate with South Korea's SK Group on an AI project worth over $500 billion, covering large-scale AI data center construction and next-generation memory technology.The plan includes establishing a long-term partnership with SK Hynix, aimed at ensuring Nvidia secures next-generation memory supplies and jointly developing high-bandwidth memory (HBM) for AI training, AI agents, and physical AI applications.SK Telecom plans to build an AI data center with a capacity of up to 2 gigawatts (GW), which will use Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility expected to be operational by 2027.

According to Jinshi reports, Nvidia (NVDA.O) announced that it will invest $1 billion in South Korean internet and cloud service provider Naver for its AI data center project under construction in Korea.Nvidia stated that this funding will allow Naver's data center to expand more than twice its current size. The project is jointly developed by Naver and the American private equity firm Brookfield Group, and will be fully equipped with Nvidia AI computing hardware.In addition, Nvidia has reached a cooperation agreement with SK Group to plan the construction of an AI data center cluster in Korea with a total computing power exceeding 2 gigawatts, which can roughly meet the electricity needs of 1.5 million households.Nvidia revealed that the first AI computing factory built by SK Telecom will be put into operation next year. Nvidia CEO Jensen Huang stated, "Korea is entering a golden development period. The country's semiconductor industry and industrial sector are thriving, and it has the complete capability to build AI infrastructure for the world."

Gate US officially announced that Gate AI and Alpaca will collaborate on the development vision of Agentic Trading, promoting the integration of AI infrastructure and trading system capabilities to provide underlying support for the next generation of intelligent trading applications.Alpaca has built a trading API that is developer and AI Agent friendly, with its community continuously transforming trading ideas into actual projects, covering research processes, simulated trading systems, and Agentic workflows that connect market data, analysis, and execution logic. Gate AI focuses on building an infrastructure layer for AI Agents and developers, where the GateRouter unified API helps developers quickly access over 25 mainstream AI models and balances cost and performance through intelligent routing.Both Gate AI and Alpaca agree that AI trading Agent developers should not have to choose between high-quality trading execution infrastructure and AI infrastructure, but should be able to obtain support for both in a smoother manner. Next, Gate AI will explore how its model routing and Agent infrastructure can connect to trading workflows built on APIs like Alpaca, supporting developers in integrating market data, AI reasoning, and trading execution into Agentic systems.Gate AI and Alpaca also plan to promote knowledge sharing and best practice exchanges between their developer communities, continuously lowering the development threshold and complexity of AI-native trading applications. Gate AI and Alpaca will continue to explore collaborative efforts around the construction of the Agentic Trading ecosystem, providing foundational support for developers to build more efficient and scalable next-generation intelligent trading applications.

According to Cointelegraph, Morgan Stanley's Ethereum Trust has received notification from the U.S. Securities and Exchange Commission (SEC) regarding the effectiveness of its registration, marking another step forward in the registration process.

The overall profitability status of the Bitcoin market is improving, but on-chain data shows that it is still insufficient to confirm that a new bull market has begun, and there remains a risk of another decline. CryptoQuant data shows that the Bitcoin Supply in Profit has risen to 57.5%. This indicator represents the proportion of BTC supply in the current market where the price is above the holding cost, which has significantly rebounded from the low of 46.2% on June 30, 2026, and is currently close to 60%.However, the recovery of the profitable supply ratio still requires continuous verification. Historical cycles show that the true end of a bear market usually requires two conditions to be met simultaneously: first, the 30-day simple moving average of the Long-Term Holder Profit and Loss Ratio (LTH-SOPR) must remain above 1 for an extended period without falling below it; second, the Bitcoin Supply in Profit must stabilize above 64%. Analysts indicate that this cycle has previously experienced a "false breakout." From April 28 to June 1 of this year, the average LTH-SOPR was above 1 for 35 consecutive days, while the profitable supply ratio once rose to 67%, but the market subsequently declined again. Currently, the Long-Term Holder 30-day SMA indicator has been below 1 for over 50 consecutive days, which remains an important risk signal for assessing the strength of market recovery. Although the BTC profitable supply ratio is improving, the market needs further confirmation of the behavior of long-term holders and changes in the profit structure to determine whether the current rebound truly marks the beginning of a new upward cycle.

According to official news, OKX, in collaboration with Elliptic, SlowMist, and OttoSec, has released the "Web3 Security and Risk Control Report for the First Half of 2026." The report points out that the focus of Web3 attacks is gradually shifting from smart contract code to more complex scenarios such as signature processes, user devices, operational infrastructure, and AI Agents.Data shows that in the first half of 2026, the OKX risk control system intercepted over 5.7 million high-risk transactions, including approximately 2.41 million transactions related to hacking and theft, about 1.48 million transactions related to phishing, and around 990,000 transactions related to fraud. The OKX Web3 on-chain intelligence label library currently has over 1 billion labels, covering more than 420 chains, and has integrated capabilities such as address screening, transaction monitoring, and sanction address control into infrastructures like DEX and Exchange OS.In addition, in terms of user protection, OKX has intercepted over 7 million visits to risky websites, completed over 200,000 device risk assessments, identified over 60,000 high-risk apps, and intercepted or alerted on over 4 million high-risk signature operations. The report also introduces the "risk control pre-positioning" design in scenarios such as Exchange OS, Outcomes, RWA, and Agentic Wallet.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.449 billion, with long positions totaling $2.66 billion, accounting for 48.82% of the holdings, and short positions totaling $2.789 billion, accounting for 51.18%. The profit and loss for long positions is -$54.8743 million, and for short positions, it is -$19.7469 million.Among them, the whale address 0xb83d..36 has shorted ETH with 5x leverage at a price of $1857.6, currently showing an unrealized profit and loss of -$2.0524 million.

A report jointly released by the Bitcoin collateral lending platform CoinRabbit and the computing power platform GoMining points out that managing Bitcoin is more important than mining it. As the block reward drops to 3.125 BTC and the overall network difficulty approaches historical highs, low electricity prices and high uptime only constitute a survival baseline. What truly differentiates mining companies is the method of handling Bitcoin after it is mined.The report suggests that mining companies are shifting from direct sales to collateralized lending to cover recurring expenses such as electricity, custody, and labor. This approach retains exposure to holding Bitcoin while generating cash flow, avoids taxable sales, and preserves the deduction space for operating expenses. The trade-off is that mining companies simultaneously bear the dual risks of price and liquidation when Bitcoin prices decline.Jeremy Dreier, Chief Business Development Officer of GoMining, stated that the miners who can succeed after the halving are those who operate efficiently and have set aside cash in advance for this purpose. The current decline in Bitcoin prices has actually lowered the cost of increasing computing power, creating a window of opportunity for investing in expanding mining machines.

According to a post from Odos's official X account, the operating company of the DeFi liquidity aggregation protocol Odos announced the closure of its business. The specific timeline is as follows: Starting from July 23, new account registrations, new wallet creations, and new limit order functions have been disabled, while existing users can still exchange and close positions normally; from July 27 to 30, the application will switch to read-only mode, allowing users to view historical transaction records and balances; on July 30, all Odos services will be permanently shut down.Odos is a non-custodial protocol, and user assets remain on-chain. Users who created wallets by logging in with social accounts or email must complete asset transfers or private key exports before July 30. In addition, the ODOS token exists independently on-chain, and the company's closure does not affect its on-chain mechanism. Odos DAO will announce subsequent plans separately.

Binance founder Zhao Changpeng paid tribute to BitMEX founder Arthur Hayes. It's unfortunate to see BitMEX shut down. Some thoughts:BitMEX was the first to launch 100x cryptocurrency trading back in 2014. Futures contracts had existed before this, making Friday trading exceptionally busy. BitMEX only accepted Bitcoin deposits, supported only one chain, allowed withdrawals once a day, and required multi-signature wallets. These seemingly inconvenient restrictions actually protected them from hacker attacks.After 18 months of struggle, the four founders ultimately admitted to violating the Bank Secrecy Act (BSA) a month before the trial. They were each fined $10 million and placed under house arrest. No one went to prison as a result. However, their business ultimately could not withstand the "cryptocurrency war" initiated by the Biden administration.In the end, the liquidation process of BitMEX appeared orderly, and users were able to withdraw their assets. Tribute to Arthur Hayes.

Bitget announced that it has completed registration in the Financial Service Providers Register (FSPR) of New Zealand, with a business scope covering foreign exchange, cross-border remittances, asset custody, portfolio management, and execution of trades in financial products such as stocks and ETFs on behalf of clients. At the same time, Bitget has joined the New Zealand IFSO dispute resolution scheme, providing users with an independent channel for dispute handling. This move further enhances Bitget's global compliance infrastructure and supports the expansion of traditional financial instruments and tokenized RWA business.Previously, Bitget has obtained the DASP license in El Salvador and the FSCA license in South Africa. On the product side, Bitget has launched rToken, a US stock token that is 1:1 pegged to the liquidity of traditional markets like NASDAQ, and has launched direct brokerage services for US stocks, supporting trading of over 10,000 US stocks and options.

Coinbase officially opened its office at Raffles Quay No. 1 in Singapore on July 22. Hassan Ahmed, the National Director of Singapore, stated in an interview with The Business Times that the plan is to increase the local workforce from about 150 to around 200 by the end of 2026, with the fastest-growing positions concentrated in engineering, customer service, relationship management, and institutional sales.Ahmed described Singapore as one of the most trusted financial centers in the world and one of Coinbase's fastest-growing international markets. This expansion contrasts with Coinbase's global layoffs of about 14% in May this year. Ahmed explained that the company is optimistic about the adoption prospects of cryptocurrencies and stablecoins in Singapore and the Asian region, citing the local clear regulatory framework, friendly business environment, and strong capital flow as attractive factors.In October 2023, Coinbase obtained a full major payment institution license under Singapore's Payment Services Act and is currently exploring the intersection of AI and digital assets, including equipping AI agents with stablecoin wallets.