Trader Loracle's long position in SKHX has suffered a loss of -193%, with weekly cumulative losses exceeding $7.3 million.

According to official announcements, decentralized full-asset trading platform Vanta will launch a trading competition with a total prize pool of 100,000 USDC at 16:00 Singapore time on July 30. During the event, users will split the 100,000 USDC prize based on their trading volume, with higher volume translating to larger rewards. Participants in the trading competition can also join Vanta’s weekly 1 million-point reward program, earning Vanta points based on trading volume, new user referrals, liquidity provision, and other ecosystem contributions. It is reported that Vanta officially opened to all users on July 16, with the platform’s cumulative trading volume already exceeding $300 million. The project is also advancing its global expansion by establishing local teams in multiple countries. Founded by core executives from exchanges including Bitget and OKX, the platform supports trading of multiple asset classes such as crypto assets, stocks, gold, forex, commodities and indices, and has launched Smart Trading and AI trading assistance features.

Moonshot AI (Chinese name: 月之暗面) has raised $3.5 billion, exceeding expectations, in a recently completed funding round, bringing its valuation to $35 billion. (Jinshi)

According to official announcements, Bitget’s Unified Trading Account (UTA) has launched an interest-free lending program for USDGO holdings. The event runs from 15:00 UTC+8 on July 29 to 15:00 UTC+8 on August 29. During the period, users holding USDGO who borrow USDT via their UTA will receive an interest-free lending quota equivalent to 30% of their USDGO holdings’ value, with a per-user cap of 10 million USDT. Relevant benefits will automatically take effect during the event, no manual registration or application required. For more details, please refer to Bitget’s official platform.

Attorneys general from 44 U.S. states have jointly sent a letter to the U.S. Commodity Futures Trading Commission (CFTC), arguing that the CFTC lacks jurisdiction over sports event prediction markets, and urging it to withdraw its current proposed rules and draft new regulations that comply with the Commodity Exchange Act (CEA) and the U.S. Constitution. The letter notes that sports betting has long been regulated by individual U.S. states, while the CFTC’s proposed rules would significantly expand federal regulatory authority beyond its statutory mandate. Recently, the CFTC has been embroiled in legal disputes in multiple states over regulatory authority for sports event contracts with prediction market platforms including Kalshi and Polymarket. Currently, U.S. state courts have taken inconsistent stances on the issue. A Minnesota state court this week temporarily blocked the enforcement of a local prediction market ban, allowing Kalshi and Polymarket to continue operating during the litigation period; while a New York state court again refused to halt the application of local gambling-related laws to Kalshi, and Michigan and Washington states have also successively restricted Kalshi’s provision of sports event prediction contracts.

According to market data from BIT (Bit.com), semiconductor stocks in US pre-market trading extended their recent downward trend: SK Hynix (SKHY.O) fell 1.9%, Micron Technology (MU.O) dropped 1.6%, SanDisk (SNDK.O) declined 2.3%, and NVIDIA (NVDA.O) edged down 0.3%.

On-chain yield platform Altura announced that its plan to purchase USDT using fiat funds from its bank account via an over-the-counter (OTC) partner has been blocked, as the account holding the funds was temporarily frozen by the bank. A screenshot shows the frozen amount is approximately ￡16.446 million, equivalent to around $21.88 million. Altura said it has communicated with the bank on the matter, which has asked the project to wait for the completion of its review, noting it will reach out if additional materials are needed. The situation is entirely out of Altura’s control, and the project is awaiting further updates from the bank. Altura also announced it will suspend community chat functions due to limited team resources, to focus on addressing the current issue. The project pledged to share timely updates on developments via its official X account, Telegram channel, and Discord, while urging the community to avoid speculation until official confirmation is received. Earlier reports noted that Altura announced on June 22 it would orderly close its Altura vault due to a surge in withdrawals, with plans to convert the funds to USDT via an OTC partner before reopening redemptions.