Bloomberg: Trump emerges as the biggest obstacle to the passage of the CLARITY Act, with ethics provisions facing opposition from Democrats.

The mysterious whale (0xf292) has built a 2.10M $CXMT ($13.04M) short position and is now up ~$502K. The whale also has another $4.32M in $CXMT limit short orders waiting to be filled. Current liquidation price: $13.45.

Arthur Hayes(@CryptoHayes) bought another 645 $ETH ($1.2M) 9 hours ago. Since July 15, Arthur Hayes has bought a total of 3,915 $ETH ($7.47M) at an average price of $1,909 and is now down ~$113K.

The Kobeissi Letter stated in a post that the total market capitalization of global stock markets has climbed to 137% of global GDP, near its all-time high. Since April 2025, this ratio has risen by 40 percentage points cumulatively, now matching the peak level hit during the 2021 meme stock craze. In contrast, the peak ratio of global stock market total capitalization to GDP before the 2008 financial crisis stood at around 120%. This month, the total market cap of global equities reached a record $166 trillion, with the U.S. stock market accounting for roughly $77 trillion, or approximately 46% of the global total. AI is fueling the historic growth in stock markets.

According to monitoring by Onchain Lens, a whale has accumulated 1.58 million LINK tokens via multiple transactions from Binance over the past week, worth approximately $13.2 million.

NVIDIA CEO Jensen Huang said in an interview with Bloomberg’s podcast that South Korea is in a "golden age," and its semiconductor and industrial capabilities can help build global AI infrastructure. NVIDIA has reached multiple partnerships with SK Group, with the two sides’ future business dealings in areas including memory procurement, AI supercomputers, and data center construction set to exceed $500 billion. NVIDIA will purchase large volumes of memory chips from SK Hynix for years to come, and will jointly advance the technology roadmap for products ranging from HBM2, HBM3, HBM3E, HBM4, HBM4E to subsequent generations. Meanwhile, SK Telecom plans to expand its AI cloud infrastructure to a maximum of 2 gigawatts in the near term, with NVIDIA set to supply it with supercomputers. The partnership covers both NVIDIA’s memory procurement and SK Group’s purchases of AI infrastructure. Huang believes that as AI agents and robots begin to use computers at scale, chip demand will no longer be driven solely by human users. Over the next decade, the global semiconductor industry may need to expand to 10 times its current size. Currently, resources such as HBM memory, land, power, and data center construction are all tight. The industry could potentially double its scale annually, but faster expansion will be very challenging. The entire industry could double its supply scale each year, but land, power, and factories cannot expand as quickly as consumer electronics equipment, so AI infrastructure construction may proceed at a constrained pace over the next decade. When discussing AI competition between China and the U.S., Huang said both countries have excellent AI researchers. Although their resources, conditions, and constraints differ, both will continue to advance AI technology. China may train more AI researchers annually than the rest of the world combined, and the U.S. still needs to continue learning, cooperating, and maintaining competition.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest short address of Changxin Memory Technologies (CXMT) is still adding to its position. Two hours ago, this address added 2 million USDC in margin to Hyperliquid and continued placing limit sell orders via TWAP. Currently, the address holds 2.072 million CXMT in 1x leveraged short positions, with a notional value of approximately $12.78 million, an average entry price of $6.4434, and an unrealized profit of around $563,000. Additionally, there are still 435,677.8 CXMT limit sell orders at $6.11 that remain unfilled, with a total value of about $2.66 million.