Analyst: BTC Selling Pressure Rising Alongside Stablecoin Fund Outflows, Short-Term Liquidity Facing Constriction Risk

According to EmberCN’s monitoring, Bitcoin treasury firm Strategy now holds a total of 843,775 BTC, valued at $54.63 billion, with an average cost of $75,476 per BTC, resulting in an unrealized loss of $8.85 billion (-13.9%). Strategy did not add to its Bitcoin holdings last week, and its U.S. dollar reserves rose to $3.75 billion, enough to cover 25 months of interest expenses. Ethereum treasury firm Bitmine purchased 9,946 ETH at an average price of approximately $1,897 last week, totaling $18.87 million. It now holds a total of 5,787,414 ETH, worth $11.274 billion, with an average cost of $3,373 per ETH, leading to an unrealized loss of $8.247 billion (-42.2%).

According to market data from BIT (bit.com), US stocks opened higher across the board. The three major indices rose: the Dow Jones gained 0.9%, the S&P 500 climbed 0.7%, and the Nasdaq advanced 1%. Storage-related concept stocks moved up, with SK Hynix (SKHY.O) surging over 2% and SanDisk (SNDK.O) rising 1%.

Southern Asset Management announced that, in response to recent revisions to relevant circulars by the Hong Kong Securities and Futures Commission (SFC) and market changes, multiple of its leveraged and inverse products will be optimized and adjusted starting August 3, 2026, adopting a flexible leverage structure. After the adjustment, product leverage multiples will be dynamically adjusted daily based on market conditions, with a maximum cap of 2x or -2x. Products that previously had fixed 2x leverage will switch to a "maximum 2x leverage" model, meaning the actual leverage multiple may drop to around 1.1x during extreme market conditions. Meanwhile, some product names will be adjusted; for example, the "Southern Asset Management Berkshire Daily Leverage (2x) Product" will be renamed "Southern Asset Management Berkshire Daily Maximum Leverage (2x) Product". Southern Asset Management stated that fund managers will announce the target leverage multiple for the next trading day after the daily market close, and investors should note the product structure changes and related risks. Industry insiders pointed out that the adjustment is primarily in response to regulatory requirements, aiming to reduce the risk exposure of highly leveraged products during extreme market conditions. For investors, the return elasticity of leveraged ETFs in the future may be lower than during the period of fixed 2x leverage.

UK fintech firm Revolut is currently ramping up crypto content marketing, expanding its brand reach by sponsoring crypto KOLs on platforms like YouTube. Screenshots shared by trader CBB show Revolut is recruiting crypto content creators from the European Economic Area (EEA) for its crypto creator program, seeking collaborative promotion partnerships. Some market observers note Revolut has made aggressive investments in the crypto space in recent years, with some crypto YouTubers securing long-term commercial partnerships with the firm—even making such collaborations a key revenue stream for them. However, no public data has yet confirmed the exact scale and scope of these partnerships. Founded in 2015, Revolut is a UK-based fintech that has expanded its offerings in recent years to include crypto trading, digital asset services, and more, aiming to grow its younger user base via content marketing and community collaborations.

South Korean internet firm Naver, NVIDIA, and Brookfield Asset Management plan to invest in and build gigawatt-scale AI cloud infrastructure in South Korea and the United States. It is reported that Naver and NVIDIA will expand the GAK Sejong AI factory located in Sejong City, South Korea, to a 200-megawatt scale, with completion targeted for 2028. The AI factory is expected to adopt NVIDIA’s latest AI infrastructure, including the Vera Rubin and Blackwell platforms. Additionally, Naver plans to further scale up its NVIDIA AI infrastructure deployment to 1 gigawatt to support large-scale artificial intelligence computing demands. The collaboration aims to advance South Korea’s AI computing power infrastructure development and strengthen its global AI cloud service footprint.

According to a Wall Street Journal (WSJ) report, NVIDIA has invested in Safe Superintelligence (SSI) — the AI lab founded by former OpenAI chief scientist Ilya Sutskever — and the two parties have reached a long-term cooperation agreement. The deal aims to expand SSI’s computing resources while helping NVIDIA secure key clients in the AI sector. The companies stated that NVIDIA made a "large-scale" investment after reviewing some of SSI’s research progress, though the specific amount was not disclosed. As part of the partnership, SSI will gain access to a large volume of NVIDIA’s flagship GPU resources, which is expected to boost its computing power by an order of magnitude. Prior to this, SSI had relied primarily on Google’s TPU chips for AI research and development. The collaboration marks NVIDIA’s further expansion of its AI chip ecosystem, as it locks in future computing power demands by investing in top-tier AI labs. Founded in 2024 by Ilya Sutskever, SSI’s goal is to develop "safe superintelligence". The firm has previously raised around $2 billion in funding, with backers including Andreessen Horowitz and Sequoia Capital, and was valued at roughly $30 billion last year. This is not NVIDIA’s first investment in an AI company founded by a former OpenAI core member. In March this year, NVIDIA also invested in Thinking Machines Lab, established by former OpenAI chief technology officer Mira Murati, whose first AI model was trained on NVIDIA hardware. Ilya Sutskever is a leading researcher in modern artificial intelligence, who co-founded OpenAI and contributed to the development of large models like ChatGPT. However, after leaving OpenAI, he began to question the approach of advancing AI solely by scaling up data and computing power, shifting his focus to exploring new directions in superintelligence research.