News linked to this event type.
According to The Block, Bernstein analyst Gautam Chhugani lowered Circle (CRCL)'s price target from $190 to $140, but maintained an "Outperform" rating, implying approximately 118% upside potential compared to the current stock price of $64.32. Bernstein expects Circle's Q2 performance to be essentially flat, with USDC supply decreasing from $77 billion at the end of Q1 to $73 billion. Regarding market concerns over the competitive threat from the Open USD alliance, Bernstein believes its cohesion is insufficient; Visa also stated it will maintain a multi-currency, multi-chain strategy and will not bet on a single winner. Additionally, the profit-sharing agreement between Circle and Hyperliquid is expected to transfer approximately $190 million in reserve yield annually to the latter, with the full impact to be reflected in Q3. Bernstein also lowered its end-of-2026 USDC supply forecast by 37% to $83 billion, but remains long-term bullish on Circle capturing approximately 30% share of the global stablecoin market by 2035.
Bitget will list Grvt (GRVT) spot trading in the DeFi zone. The deposit channel is now open, and the trading channel will open at 22:00 (UTC+8) on July 30.
According to CNBC, Morgan Stanley stated that the Chinese humanoid robot industry faces multiple headwinds that could slow growth, prompting analysts to downgrade their optimistic expectations for the sector.
Odaily Odaily News Bloomberg ETF analyst Eric Balchunas posted on the X platform that during the hearing, Lee Jongwook, a lawmaker from the South Korean People Power Party, told Koo, "This country has turned into a casino. These products should never have been allowed on the market. I believe this is a policy failure."Eric Balchunas stated that South Korean politicians are using 2x leveraged ETFs to criticize the government, but the real cause of the bubble and correction is the AI boom driving massive interest in memory chip manufacturers, with 2x leveraged ETFs merely being a tool to gain related exposure. He also noted that South Korea might not be the best market for 2x single stock ETFs, as the underlying stocks have insufficient liquidity, making it easier for derivative products to inversely affect the underlying assets.
according to Lookonchain monitoring, a trader purchased 3,128 ETH 6 months ago, worth $5.95 million. The loss now exceeds $3.87 million, a decline of 40%. Today, the trader deposited all 3,128 ETH into Coinbase, intending to sell at a loss.
hardware wallet company Trezor stated there is a distinction between Bitcoin self-custody and holding Bitcoin credit exposure. When users store assets on exchanges, brokerages, or funds, they are actually relying on third-party ledger records and withdrawal arrangements. The company noted that after the full implementation of new EU crypto regulations, some exchanges that failed to obtain licenses in time have stopped offering regulated services to EU users. Trezor stated that its founders Marek Palatinus and Pavol Rusnák launched the first hardware wallet 12 years ago, moving private keys from internet-connected computers to dedicated devices. Trezor explained that private keys are generated on the device and never leave it, with transactions being signed inside the device before being sent. Trezor CCO Danny Sanders previously stated that if users put Bitcoin into ETFs and call it Bitcoin ownership, it would be one of the worst outcomes for the industry. Trezor estimates that among approximately 600 million global crypto users, about 10% self-custody their private keys, and around 12 to 13 million people use hardware wallets.
According to on-chain analyst The Data Nerd (@OnchainDataNerd), a whale withdrew 40,000 ETH (approximately $76.58 million) from Binance today and staked the entire amount within 1 hour after withdrawal.
Approximately one month after its launch, Robinhood Chain has surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; in terms of tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, while BNB Chain ranks third with 214,000. However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market. Additionally, Meme coin hype cooled off towards the end of the month, with the chain's DEX daily trading volume falling from a peak of $900 million to around $500 million. To date, Robinhood Chain has generated cumulative revenue of approximately $3 million. On the stock front, institutional analysts from Bernstein, Goldman Sachs, and others maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside potential from the current price of $92.7.
: Federal Reserve Chairman Kevin Warsh will announce the Federal Open Market Committee (FOMC) interest rate decision on July 29. The market widely expects the benchmark interest rate to remain unchanged at 3.50% to 3.75% for the fifth consecutive time. Data from CME FedWatch shows the probability of a rate hold is between 95% and 98%. TD Securities stated that traders are still overestimating the probability of a surprise rate hike, and the related pricing includes a risk premium due to the Iran situation. The institution believes that if the Fed holds rates steady as expected, the deviation between current market pricing and actual policy action will narrow. TD Securities predicts that if the Fed keeps rates unchanged for an extended period, the dollar could fall by about 2% in the second half of 2026. The institution believes that the Fed needs to see clearer evidence of sustained inflation and a strong labor market before considering a rate hike.
Odaily News: HyperliquidNews posted on X platform, stating that SKHYNIX's trading volume has exceeded bitcoin:native, reaching $1.923 billion. Another market, SNDK, also recorded a trading volume surpassing $1 billion. This situation stems from large-scale sell-offs by RAM and memory companies, leading to high volatility.
According to Hyperinsight monitoring, storage stocks continue to correct, and the SKHX long position held by "Trader Loracle" is under increasing pressure. This position was opened on June 24 with 2x leverage, with a size of approximately $2.548 million and an average price of $1,229.4. As SKHX dropped to $992.3, the cost basis has been breached by 19.3%. This position shows an unrealized loss of approximately $609,000, with a return rate of -192.9%, and the loss is close to 1.93 times the margin.
Odaily reports: According to on-chain analyst EmberCN's monitoring, 10 minutes ago, an address withdrew 40,000 ETH (worth $76.67 million) from Binance to the chain.
According to Hyperinsight monitoring, around noon today, SKHX rebounded over 11% from the phase low of $879.4. Whales with addresses starting with 0xc8b began chasing the rally in the afternoon, accumulating 31,968.2 SKHX within about half an hour, with a transaction volume of approximately $31.389 million and an average transaction price of $981.9.
Odaily reports: According to on-chain analyst Ai Yi, an address added 1.817 million USDC as margin to Hyperliquid 20 minutes ago. It then opened a 4x long position on 31,968.24 SKHX, valued at $31 million, at an entry price of $981.91. The position is currently showing an unrealized loss of $401,000.
according to on-chain analyst Ember's monitoring, Selini Capital (0xD172...79Ac) transferred 495,000 HYPE—redeemed from Hyperliquid staking—to OKX 5 minutes ago, valued at $26.8 million.
CryptoQuant analyst Darkfost stated that since July, sentiment in the derivatives market has recovered, and the Binance funding rate, as an important reference indicator for the futures market, has started to turn positive again. He believes that from March to late May, Bitcoin experienced a deep correction, market pessimism accumulated and drove the funding rate to turn negative at one point, and this process once provided support for Bitcoin's technical rebound.
据 Hyperinsight 监测显示，SK 海力士今晨公布业绩后，股价继续下跌。截至发稿，Hyperliquid 上海力士韩股映射合约 SKHX 报969.93 美元，24 小时跌幅约 11.0%。
According to Lookonchain monitoring, as the SKHX price continues to decline, profits on short positions are expanding. Among them, whale address 0xEbE1 currently has unrealized profits on SKHX short positions exceeding $10 million, and has additionally gained approximately $1.23 million in funding fee revenue.
Odaily reports, according to on-chain analyst Ember CN, SK Hynix released its Q2 earnings report this morning, with both sales and profits falling short of expectations. SK Hynix fell by 8% yesterday and dropped another 10% today. The largest SK Hynix short holder on Hyperliquid has seen unrealized profits on their short position reach $9.56 million.
According to monitoring by on-chain analyst Ai Yi, a wallet (0xb5E...c24e) suspected to be affiliated with a16z has withdrawn a total of 132,056.65 HYPE, valued at $7.335 million, from various exchanges over the past 8 hours, at an average withdrawal price of $55.54. Since July 15, the same address has transferred a total of 398,000 HYPE, approximately $24.89 million, to exchanges.