News Heat Trend
Project Overview
Hedge is a Solana lending protocol that enables the minting of stablecoin USH. Users can take out 0% interest loans for a one-time fee by depositing collateral for USH. To avoid liquidation, users must maintain a collateral-to-debt ratio of at least 110%. When an undercollateralized vault is liquidated, users who have deposited USH in a stability pool are rewarded with discounted collateral. USH is always redeemable at its underlying value, but a fee is charged to minimize frequent impacts on the protocol.
Goldman Sachs: Information Technology Stocks See Biggest Sell-Off in a Decade, Selling Pressure May Be Nearing Exhaustion
According to TechFlow Research, Goldman Sachs' August 3 position tracking report shows that the volume of long sales for global information technology stocks last week reached the highest level since 2014, with the total selling volume over two consecutive days ranking second highest in nearly a decade. Hedge funds' total leverage gave back half of its year-to-date gains, and net leverage turned negative year-to-date. Retail margin balances in South Korea and Japan began to reverse after reaching historical extremes, while US retail investors are also reducing semiconductor stock holdings. Speculative net shorts in VIX futures have largely been cleared. Goldman Sachs believes the intensity of deleveraging may have peaked, but the inertia of capital outflows persists. Individual stock implied volatility rose to the highest level since 2020, index correlation fell to low levels, and the market is shifting from trading the AI sector broadly to differentiated pricing of individual stocks. Bond funds and money market funds are the main drivers of capital inflows this year; equity funds saw inflows of $34 billion in July, with an absolute scale far smaller than that of the bond market. Goldman Sachs judges that the stock selection environment is improving, but sector beta trading still faces pressure.
Goldman Sachs and JPMorgan Explore "Computing Power Financialization," Plan to Launch GPU Rental Futures to Hedge AI Risks
sources familiar with the matter have revealed that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts linked to GPU rental prices. As one of the scarcest resources amid the AI boom, related futures for GPUs are expected to be listed on exchanges later this year.Industry insiders stated that this move reflects how the influx of hundreds of billions of dollars into data centers and the chip sector is reshaping the financial market landscape. For banks financing the construction of AI infrastructure, such innovative instruments could become a new means of risk management. (The Information)
Crypto Hedge Funds Shift to Traditional Assets; Crude Oil, Copper, and Nasdaq-100 Appear on All-Weather Trading Platforms
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.
Goldman Sachs: Hedge Funds Buy Global Stocks for Second Consecutive Week, Risk Appetite Clearly Rebounds
Odaily News: Goldman Sachs data shows that global hedge funds have increased their stock holdings for the second consecutive week, reversing the significant reduction in risk exposure seen in late July, indicating that institutional investors' risk appetite is warming up.The report shows that overall hedge fund trading activity has risen to its highest level in seven weeks, with long buying volume exceeding short selling volume at a ratio of 1.4:1. Meanwhile, single-stock trading has seen its first net buying in nearly a month, suggesting that fund managers are beginning to re-establish exposure to individual stocks.In terms of sector allocation, the materials sector has emerged as one of the areas with the strongest capital demand, experiencing the largest short-covering rally in nearly two years. Goldman Sachs noted that the recent improvement in market sentiment has led to the rapid unwinding of previously established short positions, further boosting related sector performance.Earlier, hedge funds significantly reduced their stock positions in late July due to concerns over economic growth, heightened market volatility, and policy uncertainty. This consecutive buying spree suggests that some institutions are once again betting on a rebound in risk assets.
Paul Tudor Jones: Bitcoin is the Undisputed Best Inflation Hedge
Odaily Macro investor and hedge fund manager Paul Tudor Jones stated in a recent podcast interview that Bitcoin is the "unequivocally the best inflation hedge" and called it a "knockout opportunity" in the market.Paul Tudor Jones pointed out that truly major trading opportunities often arise when market structures are imbalanced, assets are underallocated, or when policymakers misjudge the situation. He believes that due to its scarcity and decentralized characteristics, Bitcoin outperforms gold in inflation trades. He emphasized that Bitcoin's total supply is capped at 21 million coins, with less than 1 million remaining to be mined, while gold's supply continues to increase annually. Therefore, Bitcoin holds a stronger advantage in the dimension of scarcity.Paul Tudor Jones recalled that in 2020, against the backdrop of Federal Reserve and fiscal expansion, Bitcoin became one of the most outstanding inflation-hedging assets at the time, and he subsequently increased its allocation to around 5% of his investment portfolio. However, he also warned of risks: in the event of large-scale "momentum conflicts" or cyber warfare-level incidents, the electronic asset system could face systemic disruption risks, and Bitcoin may also be impacted. Additionally, future cryptographic risks driven by quantum computing and AI could become a source of long-term uncertainty. (The Block)
U.S. SEC and CFTC Propose Tightening Hedge Fund Reporting Requirements, Raising Form PF Filing Threshold to $1 Billion
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed scaling back hedge fund reporting requirements—specifically, eliminating reporting obligations for smaller advisers and raising the Form PF reporting threshold for private fund managers’ assets under management from $150 million to $1 billion. The two regulatory agencies stated that data collected via Form PF would be used confidentially for examinations and investigations of private fund advisers.
0xSun: News-Driven Trading Still Holds Advantages, Currently Inclined to Long BTC and Hedge by Shorting Altcoins
Odaily News Trader 0xSun posted stating that news-driven trading remains one of the more cost-effective strategies in the current crypto market, with its core lying in the directionality and volatility brought by events.Reviewing several recent events, including abnormal ETH transactions, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all triggered significant price fluctuations within a short period. He believes that participating in such opportunities relies on either the speed of information acquisition or the ability to judge the impact of events.Furthermore, he indicated that as the recent altcoin market has gradually cooled down, he has resumed the strategy of going long on BTC while hedging by shorting some altcoin assets. He believes that against the backdrop of relatively weak liquidity and the fading of certain narratives, the overall performance of altcoins may face relatively more pressure.
Crypto Hedge Funds Shift to Traditional Assets; Crude Oil, Copper, and Nasdaq-100 Appear on All-Weather Trading Platforms
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.
Data: Hedge funds bought $4.8 billion in US stocks last week, marking the second-largest weekly inflow since 2008
Market data shows that hedge funds recorded net purchases of approximately $4.8 billion in US stocks last week, marking the second-largest weekly buying scale since 2008. Measured as a share of the S&P 500's total market capitalization, this buying scale ranks as the 24th highest in history, indicating that hedge funds are re-intensifying their allocation to US equities.Meanwhile, institutional investors recorded net sales of approximately $3.8 billion in US stocks last week, ending a four-week consecutive buying streak. As a result, the average net buying scale of institutional investors over the past four weeks has fallen to $3.9 billion. Retail investors slightly reduced their US stock holdings by approximately $200 million during the same period, bringing their average net buying scale over the past four weeks down to $600 million.Market observers point out that after the recent market volatility, hedge funds are flowing back into US stock markets, with a strengthening trend in capital allocation toward risk assets. The large-scale buying by hedge funds may reflect renewed confidence in corporate earnings, AI-driven growth, and the medium-to-long-term trajectory of US equities. (The Kobeissi Letter)
Goldman Sachs: Information Technology Stocks See Biggest Sell-Off in a Decade, Selling Pressure May Be Nearing Exhaustion
According to TechFlow Research, Goldman Sachs' August 3 position tracking report shows that the volume of long sales for global information technology stocks last week reached the highest level since 2014, with the total selling volume over two consecutive days ranking second highest in nearly a decade. Hedge funds' total leverage gave back half of its year-to-date gains, and net leverage turned negative year-to-date. Retail margin balances in South Korea and Japan began to reverse after reaching historical extremes, while US retail investors are also reducing semiconductor stock holdings. Speculative net shorts in VIX futures have largely been cleared. Goldman Sachs believes the intensity of deleveraging may have peaked, but the inertia of capital outflows persists. Individual stock implied volatility rose to the highest level since 2020, index correlation fell to low levels, and the market is shifting from trading the AI sector broadly to differentiated pricing of individual stocks. Bond funds and money market funds are the main drivers of capital inflows this year; equity funds saw inflows of $34 billion in July, with an absolute scale far smaller than that of the bond market. Goldman Sachs judges that the stock selection environment is improving, but sector beta trading still faces pressure.
Data: Hedge funds sell global tech stocks at fastest pace in three days since 2016
Odaily News: The Kobeissi Letter posted on X platform that in the three days through July 28, hedge funds sold global information technology stocks at the highest pace since records began in 2016. Meanwhile, hedge funds recorded their largest three-day reduction in total stock exposure since November 2022, with selling pressure spreading across all sectors. This unwinding was primarily driven by short covering in macro products such as index futures and ETFs. Additionally, single stocks recorded their fifth-largest three-day selling volume in the past five years. By region, North America accounted for the majority of selling volume, followed by Europe. Hedge funds are significantly reducing their stock exposure.
Bloomberg ETF Analyst: Waste Management Stocks Have Become a "More Effective" Hedge Asset Than Bonds
Odaily News: Bloomberg ETF analyst Eric Balchunas posted on X platform, noting that the inverse correlation of waste management stocks is quite evident today, with DRAM up 13% and WM down 4%. He stated that the problem with a good hedge is that it falls when other assets rise, and expressed uncertainty as to why waste management stocks have become a better diversification tool than bonds.
Bloomberg ETF Analyst: Bonds Fail to Hedge Stock Declines Again, Money Market Funds and Buffer ETFs See Inflows Increase
Bloomberg ETF analyst Eric Balchunas posted on X, stating that bonds have once again failed to hedge against stock declines. Since SPY retreated from its June highs, AGG, TLT, and LQD have all fallen. Although the time window is relatively short, it somewhat resembles the situation in 2022. He noted that many people have long relied on the 40% bond portion of the 40/60 portfolio to hedge against the 60% equity portion, which is also the reason behind the significant inflows into money market mutual funds and buffer ETFs.He further stated that this is not to say bonds will never hedge against stocks in the end, but their recent track record is less than ideal. The Fed's long-term rate cuts once pushed both bonds and stocks higher simultaneously. In 2022, when rates were unexpectedly hiked, both fell in tandem. Recently, rising crude oil prices have fueled inflation concerns, leading to a similar scenario once again.
Analysis: Hedge funds are rapidly exiting safe-haven assets, pivoting to oversold Asian equities, U.S. Treasuries, and consumer sectors.
the U.S.-Iran peace agreement will be officially signed this Friday, marking a major turning point for global markets. Hedge funds are rapidly exiting safe-haven assets, pivoting to oversold Asian equities, U.S. Treasuries, and consumer sectors, in an effort to recreate the profit logic of the pre-war market. Currently, global hedge fund managers are frantically dusting off the "pre-war playbook," attempting to capture the first wave of premiums following the retreat of inflation.In the bond market, hedge funds are actively betting on the Federal Reserve's "hawkish pivot." Grey Value Management in Florida and Reed Capital in Singapore are both bullish on short-term U.S. Treasuries. Analysts believe that as falling crude oil prices ease cost-push inflation, traders are significantly reducing their bets on Fed rate hikes. The yield on the two-year U.S. Treasury note has already retreated notably. Compared to longer-dated bonds, the release of its safe-haven premium offers more robust allocation value.
Anthropic Partners with Hedge Fund Giant Millennium to Develop AI Risk Analysis Tool
According to Bloomberg, AI company Anthropic announced a partnership with global hedge fund giant Millennium Management to jointly develop an AI-powered risk analysis tool and expand the application of Anthropic Claude models within the fund. According to statements from both parties, Anthropic engineers will collaborate with Millennium's technology and risk management teams to build a digital AI risk analysis tool that will assist human risk managers in making investment decisions, extract new risk insights across asset classes, help the team enhance risk identification capabilities, and provide support for portfolio management through automated analysis of complex market data.
JP Morgan: Liquidation of Korean Stock Leveraged ETFs Completed, Hedge Funds 90% De-Risked
JP Morgan has published a report indicating that the liquidation process for Korean stock leveraged ETFs has been completed, and hedge funds have achieved 90% de-leveraging. Although there may be aftershocks in the coming days, the overall situation has become investment-attractive.
Binance Coin-Margined Futures Position Mode Will Be Upgraded on June 15
According to the official announcement, the position mode settings for Binance Coin-Margined Futures contracts will be upgraded starting at 11:00 (UTC+8) on June 15, 2026. This upgrade will unify the position mode settings for both USD-Margined and Coin-Margined Futures contracts. If a user’s position mode settings differ between USD-Margined and Coin-Margined Futures contracts, the Coin-Margined Futures position mode will be adjusted to match the USD-Margined Futures setting. For example: if a user has set “Hedge Mode” for USD-Margined Futures but “One-Way Mode” for Coin-Margined Futures, after the upgrade, both USD-Margined and Coin-Margined Futures will adopt “Hedge Mode.”
Related news
Anchored Finance launches three tokenized funds, bringing traditional hedge fund portfolios on-chain for the first time
Odaily News, fintech and asset tokenization company Anchored Finance has announced the launch of three tokenized funds, with underlying strategies involving funds managed by asset management institutions such as Point72, Millennium, D. E. Shaw, and BlackRock. The initial products include the Anchored Diversified Hedge Fund (aDHF), Anchored Liquid Strategies Fund (aLSF), and Anchored AI Strategies Fund (aAIF), offering eligible investors access to on-chain alternative asset allocation. Anchored Finance stated that this marks the first time such a portfolio of traditional hedge funds has been brought on-chain in the form of tokenized funds.
Goldman Sachs: Hedge Funds Buy Global Stocks for Second Consecutive Week, Risk Appetite Clearly Rebounds
Odaily News: Goldman Sachs data shows that global hedge funds have increased their stock holdings for the second consecutive week, reversing the significant reduction in risk exposure seen in late July, indicating that institutional investors' risk appetite is warming up.The report shows that overall hedge fund trading activity has risen to its highest level in seven weeks, with long buying volume exceeding short selling volume at a ratio of 1.4:1. Meanwhile, single-stock trading has seen its first net buying in nearly a month, suggesting that fund managers are beginning to re-establish exposure to individual stocks.In terms of sector allocation, the materials sector has emerged as one of the areas with the strongest capital demand, experiencing the largest short-covering rally in nearly two years. Goldman Sachs noted that the recent improvement in market sentiment has led to the rapid unwinding of previously established short positions, further boosting related sector performance.Earlier, hedge funds significantly reduced their stock positions in late July due to concerns over economic growth, heightened market volatility, and policy uncertainty. This consecutive buying spree suggests that some institutions are once again betting on a rebound in risk assets.
Hedge funds turn net long on CME Bitcoin futures, ending years of net short positioning
CryptoQuant's CEO stated that CME position data shows hedge funds have turned net long on Bitcoin futures, a relatively rare change, as this group had maintained net short positions for years previously.
CryptoQuant Founder: CME Hedge Funds Rarely Turn Net Long on Bitcoin Futures
Odaily News, CryptoQuant founder Ki Young Ju posted on the X platform, stating that hedge funds on CME have turned net long on Bitcoin futures. This situation is relatively rare. Basis trading keeps them structurally short, which is why this chart has been red for years. In a net long position, arbitrage trading is not possible. Institutional investors are betting on an upward movement.
Data: Hedge funds bought $4.8 billion in US stocks last week, marking the second-largest weekly inflow since 2008
Market data shows that hedge funds recorded net purchases of approximately $4.8 billion in US stocks last week, marking the second-largest weekly buying scale since 2008. Measured as a share of the S&P 500's total market capitalization, this buying scale ranks as the 24th highest in history, indicating that hedge funds are re-intensifying their allocation to US equities.Meanwhile, institutional investors recorded net sales of approximately $3.8 billion in US stocks last week, ending a four-week consecutive buying streak. As a result, the average net buying scale of institutional investors over the past four weeks has fallen to $3.9 billion. Retail investors slightly reduced their US stock holdings by approximately $200 million during the same period, bringing their average net buying scale over the past four weeks down to $600 million.Market observers point out that after the recent market volatility, hedge funds are flowing back into US stock markets, with a strengthening trend in capital allocation toward risk assets. The large-scale buying by hedge funds may reflect renewed confidence in corporate earnings, AI-driven growth, and the medium-to-long-term trajectory of US equities. (The Kobeissi Letter)
Anthropic Partners with Hedge Fund Giant Millennium to Develop AI Risk Analysis Tool
According to Bloomberg, AI company Anthropic announced a partnership with global hedge fund giant Millennium Management to jointly develop an AI-powered risk analysis tool and expand the application of Anthropic Claude models within the fund. According to statements from both parties, Anthropic engineers will collaborate with Millennium's technology and risk management teams to build a digital AI risk analysis tool that will assist human risk managers in making investment decisions, extract new risk insights across asset classes, help the team enhance risk identification capabilities, and provide support for portfolio management through automated analysis of complex market data.