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Data: Since June, 77 cryptocurrency trading platforms have seen a net outflow of nearly $1 billion, while Binance bucked the trend to register a net inflow of $36.9 million.

1 hours ago

According to data from CoinDesk Research, crypto markets have seen continuous capital outflows since June, with a total net outflow of nearly $1 billion across 77 global trading platforms. Meanwhile, as of early July, Binance still recorded a net inflow of $36.9 million, making it one of the few centralized trading platforms to maintain positive capital inflows. Amid heightened market volatility, users have increased their focus on trading platforms’ asset reserves, liquidity, and risk management capabilities. Binance’s USDT and USDC reserve rates have remained above 100%, with reserve status publicly verifiable; its approximately $1 billion SAFU Secure Fund is also held in a publicly traceable on-chain wallet. Additionally, despite a decline in overall market trading volume, Binance still holds around a 24% spot market share, a 36% perpetual contract market share, and roughly 55% of total reserve assets among centralized trading platforms.

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The user wants me to create a headline for a Lookonchain tweet based on the given text. Let me identify the key information: - Tom Lee's Bitmine bought 9,946 $ETH ($19.38M) last week - Bitmine now holds 5,787,414 $ETH ($11.28B) - 4,917,189 $ETH ($9.58B) are staked Requirements: - Max 120 characters - Concise English headline - Keep tickers ($ETH), key amounts and names - No quotes, no hashtags, no trailing period I need to capture the most newsworthy element. The fact that Bitmine purchased a large amount of ETH and now holds a significant position seems most important. Let me draft options: 1. "Bitmine buys 9,946 $ETH, now holds 5.79M tokens worth $11.28B" 2. "Tom Lee's Bitmine purchases 9,946 $ETH, accumulates 5.79M token position" 3. "Bitmine adds 9,946 $ETH to position, total holdings reach 5.79M tokens" Let me count characters for option 1: "Bitmine buys 9,946 $ETH, now holds 5.79M tokens worth $11.28B" = 64 characters. Good, well under 120. Actually, I should consider what's most newsworthy - the recent purchase activity or the total holdings? The headline should probably emphasize the recent action (purchase) as the news hook. Option 2 is clearer about the recent purchase. Let me refine it. "Bitmine buys 9,946 $ETH, now holds 5.79M tokens worth $11.28B" - this is concise and hits the main points. Or maybe: "Bitmine accumulates 9,946 $ETH, total holdings reach 5.79M tokens" Let me count the best one: "Bitmine buys 9,946 $ETH worth $19.38M, total holdings reach $11.28B" = 68 characters This captures: the action (buys), the amount bought (9,946 $ETH), the price paid ($19.38M), and the total position value ($11.28B). Bitmine buys 9,946 $ETH worth $19.38M, total holdings reach $11.28B

Tom Lee(@fundstrat)'s #Bitmine bought 9,946 $ETH ($19.38M) last week. #Bitmine now holds 5,787,414 $ETH ($11.28B), with 4,917,189 $ETH($9.58B) staked.

20 minutes ago

Pre-Market News Roundup (US Stocks): NVIDIA further expands its AI footprint, AMD enters South Korea’s AI R&D sector, and South Korean firms strike a $950 billion deal with tech giants.

Pre-market key news for U.S. stocks as follows: 1. Rocket Lab (RKLB.O) secures a $266 million missile defense contract with the U.S. Space Force. 2. AMD (AMD.O) will build an artificial intelligence research center in South Korea and develop an open AI infrastructure ecosystem. 3. Apple (AAPL.O)’s system status page shows it has resolved outages affecting all impacted services, including the App Store. 4. Nvidia (NVDA.O): To form an open-source AI alliance with partners, it will launch the NOOA open-source project on GitHub, aimed at advancing AI security development. 5. Sources familiar with the matter said Nvidia (NVDA.O) is in talks to provide approximately $250 billion in financial guarantees for OpenAI’s Ohio data center project. 6. Dutch biotech company Argenx SE (ARGX.O) has agreed to acquire clinical-stage biopharmaceutical firm Forte Biosciences (FBRX.O) for around $2.2 billion in cash, to expand its immunology drug portfolio. 7. South Korean conglomerates have reached agreements with global tech giants including Nvidia (NVDA.O) to carry out a series of collaborative projects totaling $950 billion. 8. Strategy has not increased its Bitcoin holdings for three consecutive weeks, bringing its U.S. dollar reserves to $3.75 billion. 9. Bitmine added 9,946 ETH to its holdings last week, bringing its total position to 5.7874 million ETH.

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Elon Musk: China’s AI could become a leader, and AI intelligence may surpass the sum of all human intelligence in five years.

Elon Musk told The Economist in an interview that artificial intelligence (AI) could exceed the combined intelligence of all humans in roughly five years, adding that Chinese AI firms "very likely" will become global leaders in the future. Musk noted that if Chinese AI companies gain access to massive computing resources, their technological development could accelerate further. He pointed out that China currently has a clear advantage in power supply, while the core bottleneck for AI development is shifting from chips to power and cooling capacity. Musk added that China’s power generation has already surpassed the total of the United States, Europe, and India, and could even reach several times that of the U.S. in the future. He argued that U.S. export controls to restrict China’s AI development have limited effect, and if China resolves issues related to advanced chips and lithography technology, the global AI competitive landscape could shift further. In addition, Musk predicted that AI will first impact digital jobs such as software roles, and AI’s programming capabilities could surpass 99% of software engineers in the future. However, he believes that the productivity gains from AI could drive society to shift from universal basic income to universal high income, with work increasingly centered on hobbies and social activities.

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HPC and Multicoin support the Commodity Futures Trading Commission (CFTC)’s regulatory framework for prediction markets, stating that prediction markets should be uniformly regulated by the CFTC.

Hyperliquid Policy Center (HPC) disclosed that it has jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC) with Multicoin Capital, supporting the agency’s proposed regulatory framework for prediction markets. The two parties emphasized that prediction markets should be uniformly regulated by the CFTC as the sole federal regulator, rather than overseen separately by individual states under their respective gambling rules, to prevent market fragmentation. HPC and Multicoin hold that event contracts matched on trading platforms are fundamentally distinct from traditional gambling, so the former should be incorporated into the financial market regulatory system. The comment letter recommends the CFTC further clarify review standards for event contracts, including adopting a judgment approach based on contract settlement outcomes, and publicly disclose the specific rationale behind each review decision—measures aimed at boosting regulatory transparency and providing stable expectations for market participants. Hyperliquid added that its platform already supports trading of result-based on-chain contracts; since related markets launched in May, they have grown rapidly, with open interest recently hitting an all-time high, and all positions are settled via on-chain collateral. The two sides argue that a clear, technologically neutral federal regulatory framework will advance the compliant development of on-chain prediction markets and derivative markets.

20 minutes ago

Kong Jianping indirectly holds approximately 18.982 million shares of ChangXin, with unrealized gains of 44 times, pushing the market value of his holdings to 940 million yuan.

According to public market data, Kong Jianping, founder and chairman of Nano Labs, indirectly holds approximately 18.982 million shares of Changxin Technology via Yifang Changda Fund. Kong’s subscribed capital contribution to the fund is 21.34 million yuan. Calculated based on Changxin Technology’s opening price of 49.5 yuan per share today, the market value of his indirect holdings is roughly 940 million yuan, about 44 times his subscribed capital contribution.

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US-listed STRC climbs over 2% in pre-market trading, with MSTR up 2.31% pre-market.

According to market data from BIT (bit.com), U.S. stocks STRC rose over 2% in pre-market trading, while MSTR climbed 2.31% pre-market. On the news front, Strategy did not add to its Bitcoin holdings last week. Its U.S. dollar reserves rose to $3.75 billion, an increase of $525 million, and it spent $25 million repurchasing STRC shares. The firm has now gone three consecutive weeks without adding to its Bitcoin holdings. Meanwhile, its U.S. dollar reserves have risen by $1.2 billion through measures such as selling MSTR stock, bringing its current U.S. dollar reserves to $3.75 billion.

20 minutes ago

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