News linked to both this project and an event.
Odaily News: Following the launch of Open USD, concerns arose in the market that it could directly challenge Circle's USDC, leading to a loss of billions of dollars in Circle's market value. Executives from Coinbase, Visa, and Mastercard stated that the companies are advancing a multi-stablecoin, multi-chain strategy, positioning Open USD as an additional network rather than a replacement for USDC. Analysts noted that several Open USD partners have so far made only lightweight commitments, and that project execution capabilities, along with the existing liquidity of USDC and USDT, will be more critical than the scale of the Open USD alliance.
Odaily News: Morgan Stanley downgraded stablecoin issuer Circle Internet to Underweight and cut its price target from $106 to $38. The bank also lowered its supply forecast for Circle Internet's USDC stablecoin through 2028, citing weaker reserve income and an increasing share of low-margin revenue. Analysts noted that intensifying competition from tokenized cash products and new stablecoin models could pressure Circle Internet's profitability.
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address deposited 1.448 million USDC as margin to Hyperliquid this morning, then placed cumulative bullish buy orders worth $10 million for SKHX in the range of $991.22 to $1,016.6, with entry triggered if SKHX declines further.
Odaily News: According to Onchain Lens monitoring, a whale deposited 873,160 wstHYPE (approximately 47.37 million USD) and 627,810 kHYPE (approximately 33.71 million USD) into Hyperlend, and then borrowed 20.57 million USDC. The health factor is 2.91, with net borrowing equity of approximately 60.5 million USD.
Trader Doctor Profit stated that his current key positioning is the "Galactic Three", namely Circle, Coinbase, and ETH, believing that the three correspond to compliant stablecoin issuance, crypto asset custody and trading, and tokenization and smart contract infrastructure respectively, and are core targets in the reshaping of the financial system in this new cycle.
Odaily News: According to Onchain Lens monitoring, a Hyperliquid trader deposited 1.5 million USDC before opening a short position of approximately $8.14 million, with cumulative profits of around $6.46 million. Major positions include a $2.37 million SPCX short with 2x leverage, a $1.3 million DRAM short with 2x leverage, a $1.11 million MU short with 2x leverage, along with several other short positions across multiple assets.
Odaily Odaily reports, according to monitoring by Onchain Lens, a Hyperliquid trader deposited 15.29 million USDC and then opened a long position worth approximately $73.82 million. Current main positions include: SP500 long position of $62.02 million with 20x leverage; MU long position of $6.88 million with 10x leverage; SNDK long position of $4.92 million with 10x leverage. Historical cumulative profit is approximately $1.6 million.
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.
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.
Odaily reports, according to on-chain analyst Yu Jin's monitoring, Arthur Hayes spent 6.32 million USDC through FalconX and Galaxy Digital to purchase 3,298 ETH via OTC 2 hours ago. Since July 15, Arthur Hayes (0x6cd...7e21) has cumulatively spent 13.82 million USDC to buy 7,212.6 ETH at an average price of $1,916.
according to Onchain Lens monitoring, BitMEX founder Arthur Hayes (0x6cd...7e21) has received 5 million USDC from Galaxy Digital OTC Desk.
CryptoQuant data shows USDC exchange flows have turned back to net inflows after over two months of net outflows. This shift may indicate that U.S. buying funds are re-entering the crypto market. (Cointelegraph)
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), the $CXMT price surged 12.7%, causing a $2.39 million short position on Hyperliquid to be liquidated. The trader opened the position 35 hours ago at an average price of $6.003 and was finally liquidated at $6.693, incurring a loss of approximately $274,700 from this liquidation. The wallet deposited 240,000 USDC two days ago, currently still holds 232,000 USDC, and has a historical cumulative PnL of +$272,100.
The wallet completed the deposit in two transactions, consisting of 8 million USDC and 2 million USDC respectively. Currently, this address holds 2.128 million CXMT short positions, valued at approximately 13.1 million USD, with unrealized profits of approximately 618,000 USD. The historical cumulative PnL for this address is +792,800 USD.
According to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), BitMEX founder Arthur Hayes received 644.723 ETH from FalconX 8 hours ago, valued at approximately $1.2 million. The amount is consistent with the USDC transferred 3 days ago, highly likely to be a buy operation. Since July 15, Arthur Hayes has cumulatively purchased 3914.84 ETH through multiple market makers and trading platforms, with an average buy price of $1908.86, currently facing an unrealized loss of approximately $113,000.
Odaily Odaily reports, according to Onchain Lens monitoring, a trader has held a long position of 1.38 million HYPE for 287 days, currently valued at $80.71 million with unrealized profit of $27.34 million. The trader has added 4.5 million USDC as margin, including 2 million USDC deposited yesterday and 2.5 million USDC deposited on July 17. The entry price was $38.67, the mark price is $58.49, the liquidation price is $52.368, and leverage is 5x.
According to on-chain analyst Yu Jin's monitoring, the MakerDAO initial team/investor address (claim address 0x74B...F0E, sell address 0xE26...7dc) sold 1,050 MKR that had been held for 10 years 20 minutes ago, swapping them for 1.316 million USDC and transferring the funds to Kraken. This address claimed the 1,050 MKR in April 2016. Since then, aside from the MKR token upgrade migration in 2018, the relevant MKR had remained unmoved.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), Circle has minted another 250 million $USDC on the Solana chain, marking the fourth minting within the past two days and bringing the cumulative total USDC issuance on Solana for 2026 to 72.01 billion.
Odaily News Bitwise released its "Q3 2026 Staking Report," showing that 40.2 million ETH has now been staked, accounting for 33% of the total ETH supply, a new all-time high. The increase in staking this year has primarily come from institutions, including staking ETFs, corporate treasuries, and other large holders. The report also indicates that the staking rates for the networks covered by Bitwise remain high, with Solana at 68%, Near at 45%, Hyperliquid at 44%, and Avalanche at 41%.Additionally, Ethereum’s throughput increased by 73% year-over-year, while Avalanche’s transaction volume reached four times that of the same period last year. Recently, Coinbase and Circle also staked 500,000 HYPE each on Hyperliquid, signaling that institutional staking is expanding to more emerging PoS networks.
Bitget launches a USDT wealth management event from July 23 to August 6. During the event, users whose net deposit amount reaches the specified threshold can subscribe to USDT flexible wealth management products in the "Simple Earn" section and enjoy corresponding tiered annualized yields, up to 8.5% APR. Eligible net deposit currencies include USDT, USDC, USDGO, and U. For details, please refer to the official Bitget platform.