US Stock Market closed on Friday with most Crypto Stocks falling, SBET down by 5.70%

Koreans keep accumulating $PENGU. Another 86.27M $PENGU($3.57M) flowed into #Upbit in the past 24 hours, with a 7?day net inflow of 309M $PENGU($12.8M).

After a week of market volatility that liquidated some traders, @TheWhiteWhaleHL is still holding the #1 spot on the leaderboard. Current long positions: 48,405 $ETH($181M), 810,717 $SOL($152M),223 $BTC($26M).

On July 26th, based on on-chain data, AguilaTrades' 25x long position in Ethereum is currently in a profit of more than $1.15 million. The position size is $93,682,519.86 (25,000 ETH), with an entry price of $3,701.04 and a liquidation price of $3,698.90.

On July 26th, as per on-chain data, James Wynn's 10x PEPE long position is currently showing an unrealized profit of $180,000, while the account balance remains at just $450,000. The position size is $4,715,995.96, with an entry price of $0.01219 and a liquidation price of $0.012054. Previously, James Wynn's long positions on Bitcoin and PEPE had been consecutively liquidated five times.

July 26th: China Minsheng Securities issued a research report indicating that the powerful alliance between the government and enterprises has constructed an ecological closed loop of a stablecoin anchored by high-quality Chinese assets—RWA. It is expected that the on-chainization of relevant assets will enter the era of Web3.0, starting from Ant Group, Longi Green Energy Technology, and XinAo Group's new energy RWA assets, and expanding to potential directions such as computing power leasing, facilitating Chinese high-quality assets to become the core cornerstone of on-chain diversified assets. At the same time, referring to the development process of overseas stock token issuers like Robinhood, domestic internet brokers, fintech companies, and stock or cryptocurrency exchanges in China are anticipated to achieve value reassessment in this wave, with the "license effect" serving as the core competitiveness of domestic related vendors. The main points of Minsheng Securities are as fol

On July 26th, according to Coinglass data, the current funding rates of mainstream CEXs and DEXs show that the market remains in a neutral state. The specific funding rates for mainstream coins are presented in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applicable to perpetual contracts and is a mechanism for the exchange of funds between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.