xt

Founder of Formula News, Vida, stated that he has hedged through the BTC/USD1 perpetual contract when Bitcoin was around $63,000, exiting about one-third of his BTC position, while still retaining two-thirds of his spot holdings.He indicated that he remains optimistic about Bitcoin in the long term, but the current BTC narrative has been significantly overshadowed by AI, and he expects that a new core narrative will be difficult to emerge in the next 1 to 2 years. He believes that the next bull market for Bitcoin may need to be driven by issues with U.S. Treasuries or the dollar, or rising concerns about fiat currency devaluation, and that prior to this, global assets may first experience repricing.Based on this judgment, he anticipates the opportunity to buy back the positions he exited in the range of $45,000 to $55,000 over the next 1 to 3 years, while retaining two-thirds of his BTC spot as a long-term base.

According to Bloomberg, citing informed sources, Lightspeed Venture Partners is seeking to extend its holding period for OpenAI and four other assets through a secondary transaction of approximately $600 million, along with a new investment commitment to Anthropic.The transaction, codenamed "Project Mercury," involves Lightspeed's Select V and Opportunity II funds, as well as an independently managed account, transferring the related investments into a continuation fund while returning cash to existing investors.In addition to OpenAI, the assets to be transferred include security technology company Verkada, workforce management company Rippling, AI startup Reflection AI, and enterprise search platform Glean. Coller Capital is acting as the lead buyer for the continuation fund, while UBS serves as the transaction advisor. Lightspeed has invested in Anthropic multiple times, including its latest financing round, which valued Anthropic at $96.5 billion.

According to Bloomberg, cryptocurrency market maker Wintermute plans to invest approximately $1 billion over the next five years in high-frequency trading and AI data center infrastructure to expand into traditional financial markets such as stocks, commodities, and foreign exchange. The related expenditures are expected to be funded by retained earnings.Currently, the non-crypto market contributes about 10% of the company's revenue, with a goal of increasing this proportion to over 50% by the end of 2027. Wintermute's average daily trading volume this year has decreased from about $15 billion last year to $10 billion.

According to Cointelegraph, Mauro Eldritch, the founder of cybersecurity company BCA LTD, and Heiner García, a network threat intelligence analyst at Telefónica Tech, jointly established a fake cryptocurrency startup "Ballena Azul," successfully luring suspected North Korean IT workers to work in a controlled virtual desktop environment for up to five weeks while monitoring their behavior throughout.Investigations show that the external servers used by the workers are linked to North Korean cyber operations that previously distributed malware such as InvisibleFerret, BeaverTail, and OtterCookie; the workers also heavily relied on ChatGPT for programming assistance and Google Gemini to forge identity documents. Researchers pointed out that North Korean IT workers obtained remote jobs by faking U.S. identities, with their earnings ultimately flowing into Pyongyang's weapons of mass destruction programs. According to the U.S. Treasury Department, such programs are expected to generate nearly $800 million for North Korea in 2024.

SK Hynix has restarted the construction of its second NAND flash memory factory in Dalian, expecting to increase the monthly production capacity in the region by about 50%. The new production line is designed for a monthly capacity of approximately 50,000 wafers, combined with the existing Dalian Plant 1's monthly capacity of 100,000 wafers, bringing SK Hynix's total NAND production capacity in China to about 150,000 wafers per month. The factory began construction four years ago but was paused due to the downturn in the memory chip market and U.S. export restrictions on equipment to China, having only completed the structural framework.The investment in Dalian Plant 2 is driven by SK Hynix's NAND subsidiary Solidigm, with equipment installation expected to start as early as November this year, and plans to establish a mass production system in the first half of next year. Driven by the expansion of AI data centers, demand for enterprise-level SSDs has surged, with NAND prices rising nearly tenfold compared to a year ago, prompting the restart of investments. SK Hynix will adopt a dual-track strategy: the Dalian factory will use Intel's mature floating gate architecture to produce NAND at the hundred-layer level, while domestic factories like Cheongju M17 will focus on advanced NAND production of over 300 layers, the latter having announced an investment of 19.1 trillion won. Industry insiders expect that the equipment configuration of Dalian Plant 2 will be similar to that of Plant 1, maintaining a monthly production capacity in the range of 40,000 to 60,000 wafers.

According to Onchain Lens monitoring, a certain whale has withdrawn 50,000 ETH from Binance again, worth approximately 93.6 million USD.The total withdrawal amount has reached 90,000 ETH, worth about 170 million USD, of which 40,000 ETH has been staked.

Lianxin Bank stated that the CPI report for July released on Wednesday and the PPI report on Thursday may have a greater impact on the Federal Reserve's decision than employment data. Economists expect the year-on-year increase in CPI to drop from 3.5% in June to 3.4%. Bill Adams, the chief economist at Lianxin Bank, pointed out that if the data develops as expected, it will support the Federal Reserve's decision on September 16, and the inflation data for July will have a greater impact on the decision than this month's employment report.

Analyst Murphy (@Murphychen888) posted that Glassnode's latest metric, the BTC Seller Exhaustion Index, has entered the "extreme exhaustion zone" for the first time in this bear market. This metric comprehensively measures low volatility and high loss conditions.Murphy pointed out that historically, similar signals usually appear at the bottom range of bear markets, but the first trigger does not necessarily correspond to an absolute low; if subsequent prices maintain fluctuations or continue to decline, while the index does not set new lows, the historical certainty of the second signal is usually higher.

The perpetual contract DEX Extended, developed by the former Revolut team, has announced the results of its points program update, excluding 5,038,989 points generated through non-natural or manipulative activities. This adjustment covers 4,017 affected accounts and 35 identified Sybil operations and other prohibited behaviors.After the update, the total amount of the points program is 64,673,031 points (as of August 10, 2026). The excluded points have been returned to the program budget, available for genuine participants to continue earning. The total allocation cap for the points program remains no more than 70 million.The review scope includes cross-account wash trading, self-referral, Sybil wallet groups, and coordinated multi-account activities, with adjustments made based on the quantitative rules under the points program terms.

According to the latest ranking data of stock derivatives exchanges released by RootData, the exchange with the largest 24h position decline among the top ten is XT.COM, with a position of approximately 959 million USD, a decrease of 11.52%; the largest price difference is Hotcoin, with a price difference of 0.107%.It is reported that this price difference is the weighted price difference based on the 24h transaction volume, and a higher value usually indicates higher trading costs.

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.

Driven by strong demand for AI, the MLCC market has seen a surge in price chasing and material grabbing. Industry sources indicate that some customers are willing to pay two to three times the price to secure supplies from major manufacturers like Yageo and Murata, creating a situation where the highest bidder wins. Yageo has admitted that AI-related customers are increasingly looking to lock in capacity in advance to reduce supply risks. Currently, major MLCC manufacturers are fully booked, with capacity nearing full load, and delivery times have extended to 12 to 16 months.In terms of capacity, Yageo expects the utilization rate for standard products this quarter to increase from about 80% in Q2 to over 90%, while special products will maintain a high level above 90%, overall trending towards full capacity. The company is also expanding production, with new capacity set to come online each quarter. Japanese manufacturers are also optimistic, with Murata significantly raising its annual profit forecast, and Taiyo Yuden stating that demand for AI servers has exceeded expectations. Industry insiders point out that large customers typically have a higher priority for capacity allocation, while small and medium-sized customers can only compete for limited supplies by offering higher prices. Yageo has noted that more and more customers wish to secure passive component supplies for the next six months to several years through long-term contracts to mitigate supply chain risks.

Michael Saylor, the founder and executive chairman of Bitcoin Treasury Company Strategy, has once again released information related to Bitcoin Tracker. According to previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after relevant news is released.

Ansem posted on platform X stating that he will initiate a trading tracking around PUMP and plans to hold from the current cycle bottom all the way to the market top. Ansem mentioned that when he first invested in PUMP, the price was about $0.001675, and he will currently update trading progress around $0.002544, planning to continue tracking to historical highs or even higher positions. His investment logic mainly includes: Pump.fun is one of the top three platforms in the crypto industry by revenue, with about $2 billion in cash reserves; however, due to market bias against tokenization models, the current circulating market value is about $1 billion, corresponding to a price-to-earnings ratio (P/E) of less than 2.8 times.Ansem believes that as on-chain activity continues to grow, especially with the further popularization of mobile applications, Pump.fun will become a beneficiary. If more retail users participate in new coin issuance through platforms like Ansem's in the future, $PUMP may have greater growth potential. He predicts that PUMP is expected to enter the top ten of crypto asset market capitalization within less than two years.

According to The Information, Cursor informed employees that its sale to SpaceX could be completed as early as next week, with a transaction size of approximately $60 billion. After the deal is finalized, Cursor employees will be integrated into the SpaceXAI team.Meanwhile, the Cursor brand may no longer be used for some new products in the future, including an upcoming general agent product, which may be released under the name Grok Bot.

According to the Financial Times, Jane Street is negotiating with several investors, including Pimco, to transfer its approximately $11 billion in debt from the public market to private instruments through a private credit deal.Analysis indicates that this debt transfer by Jane Street aims to reduce the quarterly financial disclosure requirements to a large number of creditors while providing greater flexibility for the company to further invest in AI infrastructure (such as data centers and related technologies).

Bank of America strategists indicate that investor bullish sentiment has reached extreme levels, suggesting a reduction in exposure to risk assets. The Bull-Bear Index rose from 9.4 to 9.7, marking the highest level since 2021. The rise in the stock market, inflows into high-yield bond funds, and narrowing credit spreads are the reasons for the optimistic sentiment.Hartnett stated that we are still in the summer "withdrawal/rotation" phase, advising investors to reduce allocations to risk assets and shift towards defensive assets and the dollar.

According to the ranking data from RootData's stock derivatives exchange, as of the time of writing, the exchange with the largest spread among the listed exchanges is BingX, with a spread of 0.307%; the exchange with the lowest weighted depth ±2% among the top ten is XT.COM, at only $210,500.It is reported that this spread is the weighted spread based on 24-hour trading volume, and a higher value usually indicates higher trading costs. The weighted depth ±2% represents the ±2% order book depth of all stock derivatives on the exchange, calculated based on 24-hour trading volume, with the highest weight for a single contract being 30%. A lower value means greater price fluctuations when large orders are executed.