BNP Paribas: Merger between Tesla and SpaceX is far from imminent

Contract whale "Set 10 Big Goals First" posted their open position this morning: a 4x leveraged long on Bitcoin. On-chain analyst Ai Yi (@ai_9684xtpa) estimates the whale’s average entry price at $63,827.06, with the long position holding roughly 2,358.05 BTC, valued at $150 million. As BTC breaks above $66,000, its unrealized profit could expand to $5.15 million. Previously, "Set 10 Big Goals First" stated in a post that recent trades are dominated by short-term long positions, with no short positions opened so far. The risk-reward ratio for shorting is currently low, as Bitcoin is relatively near its cyclical bottom. The subsequent trend may gradually emerge and trigger a new rally, so the whale is unwilling to miss the potential upward signal. The current position may be held for medium to long term, but will still be adjusted based on market conditions, with no exclusion of continuing short-term trades. Additionally, a large-scale correction in US-listed AI-related tech stocks cannot be ruled out in the next six months.

According to Hyperinsight monitoring, the Pre-IPO contract price of CXMT (Changxin Memory, whose listed entity is Changxin Technology) on Hyperliquid has risen for 6 consecutive hours during today's Asian trading session, currently at $6.88, up more than 5.4% in 6 hours, corresponding to a RMB share price of 46.56 yuan. Calculated based on the post-issue total share capital of 66.881 billion shares, the on-chain implied market cap is approximately $460.1 billion, equivalent to around 3.11 trillion yuan. China's leading domestic storage chip maker Changxin Technology will list on the Shanghai Stock Exchange's STAR Market on July 27 (next Monday). Based on this market cap, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan, with an estimated market value of 23,280 yuan for 500 shares on the first trading day, translating to a profit of about 18,900 yuan per lot.

Morph has officially launched Morph Tachyon, an independent Layer 1 network built specifically for on-chain transactions. As one of the first projects to build transaction infrastructure on Morph Tachyon, decentralized perpetual contract trading platform PopDEX will leverage the network to build a high-performance on-chain trading environment, further enhancing the execution efficiency and user experience of on-chain derivatives trading. Built on Morph Tachyon’s high-performance on-chain trading scenario design and independent consensus and settlement architecture, PopDEX achieves a target block time of 200 milliseconds, maximum throughput of 200,000 TPS, and instant finalization. Leveraging this high throughput and transaction-native architecture, PopDEX will further strengthen on-chain trading execution capabilities, enabling faster, more stable order processing and market interaction, and delivering an on-chain trading experience comparable to that of professional trading platforms for traders, market makers, and liquidity providers. The two parties will continue to collaborate on on-chain trading infrastructure, jointly advancing the development of on-chain markets with higher performance and capital efficiency.

Binance will delist the following spot trading pairs at 03:00 UTC on July 24, 2026: ACX/USDC, ALGO/BTC, CVC/USDC, LPT/USDC, ONG/BTC, RVN/USDC, and XRP/BNB. After delisting, trading for these pairs will cease, though the respective tokens will remain tradable in other available pairs on the platform. Additionally, spot trading bot services will be terminated simultaneously; users are advised to update or cancel their related bots in advance to avoid potential losses.

According to HTX market data, Bitcoin has broken through $66,000, with a 24-hour gain of 3.17%.

According to official announcements, OKX Wallet has launched "Social Login", enabling users to create a wallet in seconds via email, Apple, or Google accounts—no need to record or back up mnemonics throughout the process. Wallets created via this feature remain self-custodial: their mnemonics and private keys are generated, stored, and signed in a Trusted Execution Environment (TEE). OKX cannot access or export users’ private keys, so users always retain full control of their assets, and can export private keys or convert to a regular mnemonic-based wallet at any time. It is understood that OKX Wallet’s "Social Login" uses a unified account system, with one account accessible across four platforms: App, browser extension, web, and Agent, which automatically restores the same wallet after login. The feature initially supports 19 chains including X Layer and Solana, and natively supports trading scenarios such as Swap, cross-chain operations, limit orders, copy trading, and Real-World Assets (RWA).