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According to Wall St Engine, "AI stock god" Leopold Aschenbrenner's Situational Awareness fund faced liquidity pressure during the market crash in July, with behind-the-scenes details revealed.The report states that after the market rapidly cooled in mid-July, the decline in stocks held by Situational Awareness triggered margin monitoring by banks such as Goldman Sachs and Morgan Stanley, leading to margin calls.Insiders said that other hedge funds began shorting related stocks after learning about its positions, creating a cycle of "price drop → margin call → forced selling → further price decline."In late July, while Leopold was hosting a wedding in Carmel, he continued negotiations with his team to maintain fund operations. On the evening of July 29, he reached a preliminary agreement with a consortium led by Greenoaks and Sequoia Capital to sell approximately $3.5 billion in Anthropic equity.However, in the early hours of July 30, before the U.S. stock market opened, Leopold changed his decision, opting to retain the private equity portfolio and instead sell publicly traded stocks. Subsequently, Citadel and Millennium entered negotiations with the fund team, and Citadel ultimately acquired most of the fund's public stock investment portfolio at a discount of more than 10% below market value before Thursday's opening.This transaction helped Situational Awareness meet margin requirements and avoid formal default. After the deal was completed, related AI and semiconductor stocks rebounded on Thursday, benefiting Citadel.As of around July 31, Situational Awareness disclosed to investors that the fund had a net loss of about 67% in July, but was still up about 80% for the year. Leopold stated that he "takes full responsibility" for the incident, and the fund has removed bank leverage, planning to continue operations and invest in the public market while adjusting its portfolio management and risk control systems.

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.

According to Jinshi reports, Federal Reserve Chairman Waller stated that he is considering reducing the frequency of Federal Reserve policy meetings.

U.S. Senator Cynthia Lummis posted on the X platform, stating that the current version of the cryptocurrency market structure bill requires President Trump to sell his digital assets or transfer them into a blind trust, becoming one of the focal points of negotiation. Several Democratic lawmakers are concerned that the bill will weaken their narrative of attacking Trump for "crypto corruption" in the midterm elections, and thus hold a cautious attitude towards advancing the legislation.Supporters emphasize that the bill also covers ethical standards for the President, Vice President, members of Congress, and the federal judiciary, and will provide a clearer regulatory and protective framework for investors in the event of bankruptcy of cryptocurrency trading platforms.

According to monitoring by Lookonchain, a certain whale deposited 1,060 BTC into Binance, worth 67.52 million USD.

According to Jinshi reports, Dong Ximiao, chief economist of Zhailian, expects that a reduction in the reserve requirement ratio and interest rates may be implemented in the third quarter. If the momentum for economic recovery weakens marginally in the second half of the year, a timely reduction of the policy interest rate by 10 to 20 basis points cannot be ruled out.Regarding the reserve requirement ratio, there is still room for a reduction of 25 to 50 basis points within the year, with the implementation window possibly arranged during peak bond supply or periods of tight liquidity. The People's Bank of China will increasingly utilize structural monetary policy tools to strengthen the regulation of market liquidity.

According to Jinshi reports, the Russian Ministry of Defense stated that the Russian army has taken control of Svitly and Novosych in eastern Ukraine. Ukrainian President Zelensky mentioned that there are reports indicating Russia plans to launch a large-scale attack and has requested Trump to provide 300 "Patriot" interceptors before winter.The Ukrainian Armed Forces reported that multiple Russian facilities were attacked, including the Ryazan oil refinery and the Black Sea Fleet's ship base. An advisor from the Ministry of Internal Affairs pointed out that Russia is launching a large-scale attack on Ukraine, and cruise missiles are expected to be imminent.

According to Jinshi reports, Ukrainian President Zelensky requested Trump to provide 300 Patriot interceptor systems before winter. Zelensky stated that a U.S. envoy may visit Kyiv within the next two weeks.

According to Cointelegraph, the Hungarian Parliament voted to abolish the previously mandated cryptocurrency asset verification requirements that were set to take effect on July 1, 2025. This requirement mandated that specific cryptocurrency conversions must be verified by a licensed third party regarding the source of assets, wallet ownership, and customer information before execution. Finance Minister Kármán András stated that the previously stringent regulatory requirements had led to several service providers exiting the Hungarian market, and the market is currently showing signs of recovery.Meanwhile, the Hungarian National Bank (MNB) officially granted the first local license under the EU MiCA framework to Budapest-based cryptocurrency platform CoinCash operator Tiwala Solutions on July 20, authorizing a range of services including custody, cryptocurrency exchange for fiat, cryptocurrency swaps, transfers, investment advice, and portfolio management.

According to on-chain analyst Yu Jin's monitoring, 10 minutes ago an address withdrew 40,000 ETH ($76.67 million) from Binance to the blockchain.

Binance UAE has adopted a policy to transfer most requests from foreign law enforcement agencies to the UAE and judicial assistance treaty process, resulting in slower access to user data.European investigators and U.S. prosecutors have stated that the relevant changes make it more difficult to track down fraudsters, combat money laundering, and quickly freeze or seize assets. Binance will still respond directly to cases involving child sexual abuse, terrorism, or imminent threats to life.Binance stated that it has not reduced cooperation with regulatory and law enforcement agencies and defined the new process as a stronger safeguard that meets regulatory standards. The company's compliance operations continue to face ongoing scrutiny.

According to X platform blogger @MaxForAI, a screenshot of the DeepSeek Harness internal testing recruitment is circulating on social media. The screenshot shows that the DeepSeek Harness plans to start internal testing later this week, with the first batch of users being selected from small group chats. Selected individuals must submit personal information and sign a "Confidentiality Commitment Letter." The screenshot also specifically reminds that any leaks will result in disqualification and affect future opportunities for selection in the DeepSeek model and product internal testing. If the news is true, the official version of DeepSeek V4 and the Harness product are expected to be launched soon.

The Kenyan National Treasury has reduced the minimum paid-up capital requirement for stablecoin issuers by 40%, to approximately $2.32 million, down from nearly $3.9 million in the draft rules from March last year.Under the new regulations, the Central Bank of Kenya (CBK) will oversee stablecoin issuers and other virtual asset service providers, and may require local platforms to cease offering offshore-issued tokens. The framework requires at least 30% of customer funds to be held in independent trust accounts at Kenyan commercial banks, with the remaining funds invested in qualified local assets. The fiat-backed stablecoin reserves must be consistent with the anchor currency.Issuers are required to maintain either $463,300 in liquid capital or 100% of their liquid liabilities, whichever is higher, and hold qualified reserve assets on a 1:1 basis. Issuers must also conduct quarterly stress tests, submit monthly reserve and transaction reports, and ensure that customers can redeem tokens at face value within two business days.

Citrini analyst Jukan posted on social media that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations. He pointed out that The Information's related report only cited a professor from a transportation university in China speaking at an internal meeting in June and did not disclose more substantial information. Jukan believes that the sell-off reaction seen in semiconductor equipment stocks like ASML is an overreaction to this news.According to previous reports, The Information cited sources saying that a state-owned enterprise supported by Chinese state capital has begun mass production of domestically developed DUV (Deep Ultraviolet) lithography manufacturing equipment, marking a key progress in the localization of China's semiconductor industry.Insiders stated that the enterprise plans to produce about 5 domestically made DUV lithography machines by 2026 and expand to about 20 machines by 2027. Although there is still a gap compared to the 131 immersion DUV lithography systems delivered by Dutch lithography giant ASML last year, the entry of domestic equipment into mass production is seen by the market as an important breakthrough in the localization of China's chip supply chain.

SpaceX's stock price closed at $113.50 on Monday, down nearly 50% from the historical high of $225.64 in June, with a total market value evaporating by over $1.2 trillion, nearly equivalent to the entire market value of Tesla, another company owned by Musk. The stock has fallen on 13 out of the last 16 trading days.In the options market, the volume of put options exceeded that of call options on that day, but 4 out of the top 5 premium trades were neutral or bullish strategies. SpaceX will release its first post-IPO financial report next week, followed by the unlocking of the lock-up period on the second full trading day (August 6), allowing investors to sell up to 911.5 million shares, accounting for 20% of their eligible holdings. Market participants believe the impact of the unlocking may be less than widely feared, but it still poses pressure on the stock price trend.

According to The Block, the National Football League (NFL) sent a letter to CFTC Chairman Michael Selig on July 27, responding to the recent draft regulatory framework for prediction markets released by the CFTC, requesting enhancements in several key areas. The NFL emphasized in the letter that protecting the integrity of the game is its top priority and called on the CFTC to tighten the definition of high-risk contracts that are susceptible to manipulation, rely on referee discretion, or have outcomes that can be known in advance.In addition, the NFL expressed objections to the 10-day pre-approval window being too short, requested clarification on the insider trading ban, established a mandatory "league-exclusive prohibited bettors" list, and reiterated previous consumer protection recommendations such as banning margin trading, limiting advertising, and setting a 21-year age threshold.

According to monitoring by Onchain Lens, 6.93 million HYPE will be unstaked from Hyperliquid in the next 7 days, valued at approximately 415.2 million USD at current prices.Among them, on July 30, 3.3 million HYPE will be unstaked in a single day, valued at approximately 197.53 million USD, which may become one of the largest single-day unstaking events in Hyperliquid's history.

According to South Korean media Asiae, six leading Silicon Valley venture capital firms, including Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA, announced the signing of a strategic investment cooperation memorandum (MOU) with the National Pension Service (NPS) of Korea, planning to jointly explore investment opportunities, share investment information, and strengthen global venture capital布局.Furthermore, the South Korean government is accelerating the promotion of policies to attract overseas venture capital, coupled with the launch of the "National Growth Fund," which has a scale of 200 trillion won. The market expects that the Korean venture capital sector will see a simultaneous inflow of policy funds, private capital, and overseas capital, with strategic industries such as AI and semiconductors likely to receive more investment. However, industry insiders warn that if a large amount of capital concentrates on a few popular companies, it may inflate company valuations and create bubbles, potentially facing valuation adjustment pressure during future IPOs and mergers and acquisitions, affecting fund returns.

Gate today announced that Lucas Sum has officially joined Gate as Head of Market Development, Equities. In this key position, Lucas will be responsible for driving Gate's global equity business market development strategy, coordinating business growth, ecosystem collaboration, market expansion, and user growth, strengthening Gate's business layout between traditional finance, digital assets, and the global capital markets, and promoting the sustainable development of a multi-asset investment ecosystem.Lucas has nearly ten years of industry experience, with a career spanning multi-asset brokerage, wealth management, payment fintech, and financial services. Before joining Gate, he was deeply involved in the market construction and business scaling development of Longbridge Securities and Moomoo Singapore (Futu Holdings) from 0 to 1, accumulating rich business development and collaboration experience in areas such as ecosystem collaboration, business model building, market strategy formulation, and user growth.Lucas stated, "I am very pleased to join Gate. Against the backdrop of the increasing integration of traditional finance and digital assets, the global investment market is ushering in new development opportunities. As global investors' demand for stock investment and diversified asset allocation continues to rise, I believe Gate will continue to improve its global equity business layout, creating a more open and convenient one-stop global investment experience. I look forward to working with partners and various parties in the financial ecosystem to further expand investment opportunities in the global capital market, continuously promote the development of Gate's equity business, and create long-term value for global investors."Lucas's addition will further enhance Gate's global equity business development strategy, strengthen the partner ecosystem, accelerate market expansion processes, and assist the platform in building a one-stop multi-asset investment platform for global investors, providing richer and more diverse asset allocation options.