CXMT’s funding rate on Hyperliquid hit -0.1775%, with the annualized cost for short positions exceeding 1500%

Senior macroeconomist and Goldmoney Head of Research Alasdair Macleod has warned that the current valuation bubble in U.S. stocks may have exceeded the level seen on the eve of the 1929 Great Depression, and financial markets are facing the risk of an "ultimate total crash." Macleod noted that imbalances in the U.S. Treasury market, reduced allocations by overseas buyers, and rising U.S. debt pressure could push Treasury yields higher, ultimately weighing on U.S. stock valuations. He argued that if market confidence reverses, the S&P 500 could face a value drawdown of more than 90%. The U.S. debt pile continues to rise, and the country may face $10 trillion to $11 trillion in financing and refinancing pressures over the next 12 months. With fewer buyers for U.S. Treasuries, the Federal Reserve may be forced to expand its balance sheet and print money to stabilize markets, further eroding the purchasing power of fiat currencies. Macleod believes modern financial assets are inherently dependent on credit systems; stocks, bank deposits, and U.S. dollar cash all carry counterparty risk to some degree, while gold and silver, as physical assets not reliant on government credit, could serve as safe-haven choices in extreme financial risk environments.

The news "Liang Wenfeng’s new share subscription for Changxin Technology yields 827 million yuan in paper profit" has landed on Weibo’s trending searches, currently ranking 15th. It is reported that Liang Wenfeng, founder of DeepSeek, participated in Changxin Technology’s IPO subscription through his private fund, with the related products generating an estimated 827 million yuan in unrealized paper profit on the stock’s first trading day. 153 funds under Ningbo Magic Quant and 41 funds under Zhejiang Nine Chapters Asset Management were on Changxin Technology’s IPO inquiry list. Changxin Technology’s share price surged sharply on its first listing day. Based on its allocated shares and first-day trading price, market estimates put the paper profit of Liang Wenfeng’s relevant private fund products at around 827 million yuan. This gain is an unrealized paper profit from fund holdings, not a realized gain for Liang Wenfeng personally.

Official announcement: Binance Alpha will launch AEON (AEON) trading at 18:00 UTC+8 on July 27. Users holding at least 245 Binance Alpha points are eligible to claim a 250-AEON airdrop via the Alpha event page. If the event remains ongoing, the point threshold will automatically decrease by 5 points every five minutes. Claiming the airdrop consumes 15 Binance Alpha points, and users must confirm their claim on the Alpha event page within 24 hours; unconfirmed claims will be deemed forfeited.

According to an official announcement, Huobi HTX launched ISRG/USDT, TWLO/USDT, LUNR/USDT, and EUL/USDT perpetual contracts on July 27, with a maximum leverage of 10x for all.

According to an official announcement, Binance will roll out CapitalConnect delisting and access standards effective July 27, 2026. The rules include: Trading teams will face delisting if they have no trading activity for 30 consecutive days or underperform—with non-directional strategies posting cumulative returns below -10% and directional strategies below -30%. Existing investments post-delisting will remain unaffected, and teams may reapply after 90 days. Investors who fail to submit subscription applications within 12 months will have their access revoked, and can reapply after 180 days.

According to market data from BIT (Bit.com), US-listed storage-related concept stocks advanced in pre-market trading: SK Hynix (SKHY.O) rose 6%, Micron Technology (MU.O) gained 3.6%, SanDisk (SNDK.O) climbed 5%, Seagate Technology (STX.O) increased 3.9%. Nvidia (NVDA.O) was up 1% in pre-market trading, Intel (INTC.O) gained 3%, and Broadcom (AVGO.O) rose 2%.