Citigroup: Investors Turn Bullish, Short Positions Face Risk

According to monitoring by Onchain Lens, a large Ethereum whale has been steadily accumulating ETH and withdrawing large amounts of assets from Binance recently. The whale withdrew another 50,000 ETH from Binance, valued at approximately $93.6 million. To date, the address has withdrawn a total of 90,000 ETH, with a total value of around $170 million, of which 40,000 ETH has been staked.

Decentralized perpetual contract trading platform PopDEX has distributed its first round of cash airdrop rewards to early contributors in the Closed Alpha and Closed Beta stages. The official stated that the project aims to reward genuine trading, product testing, and contributions to market growth, rather than "renting trading volume" via points or trading mining. This round of rewards covers testnet users who provided feedback and early traders. The Closed Beta phase remains ongoing, with more rounds and larger-scale rewards set to be launched later.

According to market data from BIT (Bit.com), U.S. stock index futures showed a mixed pre-market performance: S&P 500 futures rose 0.02%, Nasdaq futures gained 0.17%, and Dow Jones futures fell 0.08%.

According to an official announcement, Binance's Earn platform will launch fixed-term products for 0G and SSV at 20:00 (GMT+8) on August 12, 2026. Subscribers will be eligible to earn returns.

According to Bitget's market data, both Brent crude oil and WTI crude oil futures rose by more than 2%, hitting their highest level since July 31.

Macquarie analysts stated in a report that South Korea’s benchmark Kospi index is expected to rebound in the short term, driven by chipmakers Samsung Electronics and SK Hynix. The analysts noted that extreme volatility in July was mainly fueled by these two stocks, which together accounted for 71% of the total market capitalization loss. However, as outflows of foreign and institutional funds stabilize, concentrated position funds reallocate, and margin trading balances remain at a reasonable level, market volatility is easing, with limited risk of sudden sharp swings. Macquarie expects earnings revisions to push the Kospi higher, adding that Samsung Electronics and SK Hynix will overcome concerns over peak demand and competition. The two firms’ rapid profit growth should translate into substantial returns for shareholders, they noted. Macquarie maintained its 8,000-point target for the Kospi. (Source: Jinshi)