US Treasury Secretary says it will take unprecedented measures against Iran

According to monitoring from EmberCN, a whale or institutional entity that redeemed 2.886 million HYPE from staking at the end of July has transferred 923,700 HYPE (valued at $53.03 million) into Coinbase Prime and FalconX. The entity staked the full 2.886 million HYPE in early last year at an average price of just approximately $19.79. These tokens were redeemed from staking at the end of July and subsequently transferred to the two platforms. To date, 1.956 million HYPE (worth $110 million) have been moved out. The entity’s total profit amounts to $109 million, with 969,000 HYPE (valued at $55.73 million) still remaining in its address.

According to a post by Metaplanet CEO Simon Gerovich, Metaplanet has launched the "BitBonds" bond issuance program and completed its first batch of issuances. Through its wholly-owned subsidiary Metaplanet Securities, the company issued the 21st to 24th series of unsecured ordinary bonds under Japan’s small-scale private placement system, totaling approximately 200 million yen. Gerovich noted that the small-scale issuance is primarily a pilot, designed to establish the framework for BitBonds’ subsequent issuance, distribution, and management. BitBonds are unsecured ordinary bonds and are not collateralized by Bitcoin held by Metaplanet. Metaplanet will leverage its Bitcoin reserve balance sheet and its subsidiary securities firm’s capabilities in financial product issuance, distribution, and management to further build out its related financial product platform.

According to monitoring by Onchain Lens, a whale opened a long position of 200.8 Bitcoin on Hyperliquid roughly an hour ago, valued at approximately $12.75 million at the time, with a leverage ratio of 40x and a liquidation price of $55,380. The trader has accumulated a profit of $1.95 million over the past 30 days.

According to Bitget's market data, Japanese chip-related stocks have surged sharply: Kioxia's share price rose 6.9%, SoftBank gained 6.2%, and Advantest climbed 6.5%.

Mitsuhiro Furusawa, a former senior Japanese foreign exchange diplomat and ex-deputy managing director of the International Monetary Fund (IMF), stated that at current exchange rate levels, the yen is clearly too weak and is damaging Japan’s economy by pushing up import costs. He noted that if the yen returns to its level before last month’s coordinated intervention, Japan and the U.S. could conduct another joint foreign exchange market intervention at any time, with no fixed target level such as 160 or 162 yen. Furusawa added that intervention only buys time, and a more fundamental solution is for the Bank of Japan (BOJ) to accelerate its pace of interest rate hikes. He forecasts the BOJ will raise interest rates in September, followed by another hike in December or January next year. He estimates the BOJ ultimately aims to lift rates to around 1.5% to 1.75%, a projection based on his estimate of the neutral interest rate, which ranges from 1.1% to 2.5%. If the economy maintains its growth momentum, further rate hikes could be possible in the fiscal year starting April 2027. (Jinshi)

According to Bitget market data, South Korean stocks opened, with the KOSPI index rising 2.68%, Samsung Electronics gaining 2%, and SK Hynix jumping 6%.