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According to on-chain analyst Ai Yi's monitoring, the whale jasonleo, who "set 10 big goals" has closed a short position of 2,741.712 BTC (approximately 178 million USD) one hour ago, making a profit of 2.263 million USD.Subsequently, he opened a long position of 2,015.916 BTC with 4x leverage (approximately 131 million USD), with an average entry price of 64,983.34 USD.

According to Coinglass data, if ETH falls below $1,834, the cumulative long liquidation intensity on mainstream CEX will reach $966 million. Conversely, if ETH breaks above $2,014, the cumulative short liquidation intensity on mainstream CEX will reach $905 million.

According to Token Terminal data, the market value of tokenized stocks reached a record $2.3 billion in mid-July, nearly doubling since it first surpassed $1 billion in March. On July 21, the circulating volume of Ondo Finance's tokenized stocks (514.5 million shares) and the number of holders (93,880), the tokenized market value of Backed Finance ($579.4 million), and the number of tokenized stocks on Robinhood Chain (126,720 shares) and the number of holders (36,170) all hit historical highs.The tokenized stock exchange Arcus launched by the dYdX team recorded a daily perpetual contract trading volume of $11.9 million and a new high of $6.8 million in open contracts on the same day. By chain distribution, Ethereum accounts for 34% of the tokenized stock market share, BNB Chain accounts for 30%, and Solana accounts for 23%. Ondo Finance leads with an on-chain stock scale of $955 million and recently collaborated with Japan's SBI Group to tokenize Japanese stocks, enabling 24/7 minting, redemption, and voting rights features. xStocks surpassed a cumulative trading volume of $25 billion within eight months of its launch. Ondo executives previously estimated that the market value of tokenized stocks would reach $2.5 to $3 billion by the end of the year.

According to Gate market data, U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average initially down 0.01%, the S&P 500 index down 0.14%, and the Nasdaq down 0.57%. SpaceX (SPCX.O) fell 6.7%, hitting a new closing low. Nvidia (NVDA.O) rose 2.3%, SK Hynix (SKHY.O) fell 3.8%, Supermicro (SMCI.O) rose nearly 20%, and Dell (DELL.N) rose 9%.The Nasdaq China Golden Dragon Index closed down 1.8%, with NetEase (NTES.O) falling over 6%.

According to Coinglass data, if ETH falls below $1,844, the cumulative long liquidation intensity on mainstream CEX will reach $846 million. Conversely, if ETH breaks above $2,020, the cumulative short liquidation intensity on mainstream CEX will reach $798 million.

According to Coinglass data, if ETH breaks through $2,021, the cumulative short liquidation intensity on mainstream CEX will reach $854 million. Conversely, if ETH falls below $1,835, the cumulative long liquidation intensity on mainstream CEX will reach $697 million.

Gate gStocks' tokenized securities service has undergone a comprehensive upgrade, officially launching five major financial functions: collateralized borrowing, idle asset management, unified accounts, leveraged trading, and stock dividends, further expanding the integrated application scenarios of stock assets from trading, yield management to liquidity management.Currently, gStocks supports over 58 global tokenized securities, covering various assets such as U.S. stocks, Korean stocks, unlisted equity, and ETFs, and employs a 1:1 native stock reserve mechanism to provide users with a transparent and trustworthy asset holding experience. At the same time, gStocks supports 24/7 trading with a minimum investment of 1 USDT, lowering the participation threshold. After this functional upgrade, users can release liquidity through collateralized borrowing without having to sell their held gStocks assets; idle stock assets can also participate in yield management through idle asset management. In addition, gStocks has deeply integrated into the Gate unified account system, supporting tokenized stock assets as trading collateral and providing features such as leveraged trading, long and short strategies, and stock dividends, further enhancing asset utilization efficiency.

According to an analysis of LSEG consensus expectation data by Reuters, Microsoft, Alphabet, Amazon, Meta, and Oracle are facing cash flow pressures from AI investments. On the current trajectory, by 2027, the combined capital expenditures of these companies are expected to exceed their generated free cash flow. Data shows that these companies' annual operating cash flow in 2027 will increase by approximately $340 billion compared to 2025, but capital expenditures are expected to increase by about $534 billion, meaning that for every additional $1 in cash flow, an extra investment of about $1.57 is required.Among them, Oracle faces the most significant pressure, with its capital expenditures as a percentage of operating cash flow rising from 47% in the 2022 fiscal year to 174% in the 2026 fiscal year (ending in May), with total capital expenditures reaching $55.7 billion, while operating cash flow is only $32 billion. The company's stock price has already dropped 36% this year. Amazon also saw its free cash flow drop to $1.2 billion in the first quarter. Analysts point out that if AI fails to significantly drive revenue growth, expand profits, and improve cash flow in the next two to three years, the market will begin to question whether the investment cycle has been excessive. Alphabet will be the first to announce its earnings report this Wednesday, and the market will closely monitor whether its cloud and AI revenues can keep pace with the growth in expenditures.

According to the Korea JoongAng Daily, the daily trading volume of South Korea's five major won virtual asset exchanges totals approximately 412.7 billion won, a decrease of 88% compared to a year ago. The total market value of global virtual assets has also shrunk by 41% to $2.322 trillion. The country's leading cryptocurrency firm Dunamu reported a year-on-year decline in revenue and operating profit of 55% and 78%, respectively, in the first quarter.Small and medium-sized exchanges are in an even more difficult situation, with Coinone, Korbit, and Gopax, which recorded operating losses last year, expected to continue losing money this year. Korbit has sold its holdings three times this year, selling 15 bitcoins and 60 ethers within ten days this month, generating approximately 1.6 billion won in cash. A director from Tiger Research stated that the current situation can be seen as a "second crypto winter," with the total market value of cryptocurrencies significantly shrinking and new projects almost nonexistent.Despite the market downturn, institutions are accelerating their adoption of blockchain, focusing on tokenized assets and stablecoins. Major brokerages like Future Asset have recently acquired shares in exchanges, and the government has repeatedly expressed its determination to advance the legislation of the "Digital Asset Basic Law," reflecting a continued optimism about medium- to long-term growth potential.

According to Coinglass data, if BTC falls below $63,311, the cumulative long liquidation intensity on mainstream CEX will reach $1.723 billion. Conversely, if BTC breaks above $69,611, the cumulative short liquidation intensity on mainstream CEX will reach $1.305 billion.

According to Coinglass data, if ETH falls below $1,825, the cumulative long liquidation intensity on mainstream CEX will reach $1.006 billion. Conversely, if ETH breaks above $2,014, the cumulative short liquidation intensity on mainstream CEX will reach $873 million.

The giant whale "First set 10 big goals" posted on the X platform, stating that in the last round, they built a position with 150 BTC, targeting 150 million USD, with a maximum profit realized of 120 million USD. However, they misjudged the direction at the drop to 120,000 USD, wiping out all profits and ultimately preserving the principal with a slight gain.In this round, they built a position with 300 BTC, targeting 300 million USD, and have currently realized a profit of 60 million USD.

According to Coinglass data, if BTC falls below $63,076, the cumulative long liquidation intensity on major CEXs will reach $1.829 billion. Conversely, if BTC breaks above $69,060, the cumulative short liquidation intensity on major CEXs will reach $990 million.

According to Coinglass data, if ETH falls below $1,833, the cumulative long liquidation intensity on mainstream CEX will reach $1.144 billion. Conversely, if ETH breaks above $2,005, the cumulative short liquidation intensity on mainstream CEX will reach $615 million.

According to Gate market data, U.S. stocks closed lower on Monday, with the Dow Jones Industrial Average initially down 0.59%, the S&P 500 index down 0.19%, and the Nasdaq down 0.05%.Circle (CRCL.N) rose 8%, Oracle (ORCL.N) fell nearly 4%, Tesla (TSLA.O) fell nearly 3%, and SK Hynix (SKHY.O) fell 1.8%. The Nasdaq China Golden Dragon Index closed up 0.9%, with Alibaba (BABA.N) rising 4.6% and JD (JD.O) rising 3%.

Base announced that Cobalt will be launched in September, with key features including Sponsorship, Batch Calls, and Session Keys.Among them, Sponsorship allows applications to sponsor transaction fees for users, achieving free Gas; Batch Calls support bundling multiple transactions into one, reducing operational steps; Session Keys allow users to authorize applications to sign transactions on their behalf within a specific scope, reducing repeated authorizations.

According to Coinglass data, if ETH falls below $1,770, the cumulative long liquidation intensity on mainstream CEX will reach $839 million. Conversely, if ETH breaks above $1,953, the cumulative short liquidation intensity on mainstream CEX will reach $689 million.

The "whale" stated in a post on platform X, "Recently, several trades (in Bitcoin) have been short-term long positions, and no short positions have been taken, as the cost-effectiveness of shorting is too low at this time. Relatively speaking, we are already at a phase bottom, and I have a feeling that the trend for Bitcoin should soon emerge, starting a new round of increases. I am afraid of missing the signal for the start.This trade (referring to a long position of 69.4 BTC opened on the 18th) may be considered a medium to long-term position, depending on the situation, and short-term fluctuations cannot be ruled out. In the next six months, a large-scale correction in U.S. stocks related to artificial intelligence technology cannot be ruled out."

According to Coinglass data, if BTC falls below $61,662, the cumulative long liquidation intensity on major CEXs will reach $886 million. Conversely, if BTC breaks above $67,646, the cumulative short liquidation intensity on major CEXs will reach $806 million.