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7/24
03:18
ETH liquidations across the entire network exceeded $18 million in the past hour
Svmuu News: According to Coinglass data, liquidations across the entire network totaled $30.34 million in the past hour, primarily involving short positions. Of this amount, ETH liquidations totaled $18.79 million, while BTC liquidations totaled $8.06 million.
03:10
ETH Breaks Through 1,900 USDT; 24-Hour Decline Narrows to 1.02%
Svmuu News: According to OKX market data, ETH has broken through 1,900 USDT and is currently trading at 1,901.61 USDT, with its 24-hour decline narrowing to 1.02%.
03:07
Gate Direct IPO will list Jersey Mike’s (JMKE) on July 27, supporting subscriptions in both USDT and GUSD.
Svmuu News: According to an official announcement, the second project in Gate’s IPO Access program, Jersey Mike’s (JMKE), will open for expressions of interest on July 27, 2026, at 10:00 (UTC+8). Users can participate using USDT or GUSD for a chance to receive corresponding shares, which can be traded on Gate’s Stocks section after the listing.
The subscription period for this offering will run until July 29, 2026, at 10:00 (UTC+8), with a reference subscription price of $21–$25 per share. with a minimum investment of 100 USDT or 100 GUSD and a maximum of 500,000 USDT or 500,000 GUSD. No additional fees apply. Regarding subscription quotas, the USDT and GUSD subscription pools each account for 50%; the platform will calculate the allocation ratio based on users’ average hourly locked-in balance during the subscription period.
This subscription is an “indicative subscription”; the final allocation results will be determined based on a comprehensive assessment of the actual IPO offering conditions, the platform’s allocated quota, and user participation. Shares successfully allocated are expected to be distributed to users’ Gate Stock accounts on July 30, 2026, and will be tradable on the Gate Stock section following the listing. There is no lock-up period for these shares, and they are 100% unlockable.
02:59
Dritan Kapllani Jr., a suspect in a $19 million crypto theft case, has once again laundered 126.7 ETH
Svmuu News, July 24: On-chain data shows that Dritan Kapllani Jr., a suspect in a crypto theft, laundered another 126.7 ETH on July 22, worth approximately $239,000. Previously, an investigation by on-chain detective ZachXBT revealed that Dritan Kapllani Jr. is suspected of using social engineering tactics to steal assets from cryptocurrency holders, with the total amount involved reaching $19 million. Dritan Kapllani Jr. has long showcased his lavish lifestyle on social media, featuring luxury cars, designer watches, and private jets, and on April 23, 2026, he publicly displayed $3.68 million in assets in his Exodus wallet during a Discord call.
02:56
WTI crude oil futures fell 1.13%, while Brent crude oil futures fell 1.03%
Svmuu News: According to Gate data, WTI crude oil futures fell 1.13% to $91.146 per barrel, while Brent crude oil futures fell 1.03% to $93.291 per barrel.
02:55
Genspark Plans to Invest $100 Million in the South Korean Market Over the Next Three Years and Launches AI Workspace 6.0
Svmuu News: AI company Genspark has released AI Workspace 6.0 and officially entered the South Korean market. Genspark COO Wen Shang stated in Seoul on July 24 that South Korea is one of Genspark’s top markets, and the company plans to invest $100 million in the South Korean market over the next three years to expand its team, partnerships, and business operations.
AI Workspace 6.0 includes the persistent memory layer SecondBrain, the company’s first hardware device SecondBrain Note, the email AI agent GenMail, the design feature AI Design, and the team collaboration platform GenTeam. SecondBrain integrates information from users’ existing office tools and enables AI agents to utilize past projects, decisions, and communication records in subsequent tasks.
SecondBrain Note is credit-card-sized and can record meetings, calls, conversations, and voice memos, converting them into searchable, structured memories that are synchronized with SecondBrain. It is currently available at a promotional price of $179. GenMail learns from users’ existing emails, communication styles, professional relationships, and work history to generate draft replies within Gmail and Outlook and execute relevant workflows.
AI Design converts natural language requests into visual materials and prototypes. GenTeam enables people to collaborate in shared spaces with specialized AI agents organized by role. AI agents in fields such as marketing, design, development, and research can join as group chat members and perform tasks based on the team’s shared memory and permissions.
02:50
OpenAI Codex Lead Proposes a New Idea: ChatGPT Work May Be Renamed “ChatGPT Vibe”
Svmuu News: Tibo, Product Lead for OpenAI Codex, posted a message proposing a new idea: Should we rename ChatGPT Work to ChatGPT Vibe?
02:41
Whales "Set 10 Major Goals First" to Rebuild Long Positions: Bullish on BTC Challenging $100,000 by March Next Year
Svmuu News: Whale “Set 10 Major Goals First” stated that after closing out his previous short positions, he has re-established a long position in Bitcoin (BTC) and continues to maintain his medium- to long-term bullish outlook.A key support zone from the previous bull market is located near $60,000, and since mainstream mining costs Bitcoin are currently concentrated in the $50,000 to $60,000 range, this area provides strong support. BTC’s rapid rebound after previously dipping to a low of $58,000 further validates his assessment of the zone’s ability to hold.
He believes that over the past month, Bitcoin has completed a thorough consolidation and turnover of holdings within the $58,000 to $63,000 range. Now that it has firmly reclaimed the $66,000 level, the market has the conditions for further gains; a volume-driven rally breaking through $72,000 to kick off a new uptrend cannot be ruled out.Furthermore, valuations in the U.S. stock market—particularly in AI-related sectors—are already at relatively high levels, and volatility may intensify in the future. At the same time, the correlation between Bitcoin and U.S. stocks has declined significantly compared to previous cycles. With continued inflows of institutional capital and the strengthening of its asset attributes, BTC is gradually developing an independent market trend.
In the absence of systemic risks, the probability of Bitcoin falling below $60,000 again is decreasing, and it is expected that BTC has a high probability of challenging the $100,000 mark again around March of next year.However, he emphasized that being bullish does not mean ignoring risk; currently, this long position has set the $61,500 to $64,000 range as the invalidation zone. If the market breaks below this level and confirms that the assessment was incorrect, a stop-loss will be executed. He stated: “Views can change, but discipline must not.” The core of trading is not to profit from every trade, but to control losses when a judgment is wrong and to let profits run when the trend is correct.
02:37
The "Four Major Families" criminal syndicate in northern Myanmar has been completely dismantled, and more than 630 buildings in the KK Industrial Park have been completely demolished.
Svmuu News: In recent years, to combat transnational telecommunications fraud, China has carried out international law enforcement cooperation with more than 30 countries, including Spain, the United Arab Emirates, and Myanmar, establishing effective mechanisms and achieving significant results.
Jiang Guoli, Director of the Criminal Investigation Bureau of the Ministry of Public Security, stated that since 2023, China has strengthened police cooperation with Myanmar to comprehensively eradicate large-scale telecommunications fraud complexes along the northern border of Myanmar. A total of more than 59,000 suspects involved in fraud have been apprehended and handed over, and the notorious “Four Major Families” criminal syndicate in Kokang, northern Myanmar, has been completely dismantled. In early 2025, China, Myanmar, and Thailand established a ministerial-level coordination mechanism to jointly combat telecommunications fraud. They launched a joint crackdown on telecommunications fraud in Myawaddy, carried out 10 consecutive joint repatriation operations, and completely demolished more than 630 buildings in the KK complex in Myawaddy. (CCTV News)
02:33
Japanese and South Korean Stock Markets Close: KOSPI Index Down 5.7%; SK Hynix Down 8.33%
Svmuu News: According to data from MSX.COM, the Nikkei 225 Index closed down 1,811.45 points, or 2.73%, at 64,611.15 points on Friday, July 24. South Korea’s KOSPI index closed down 406.87 points, or 5.73%, at 6,690.02 on Friday, July 24. SK Hynix closed down 8.33%, and Samsung Electronics fell 7.59%.
02:33
As early as 2028 could mark the launch window for Japan’s first spot Bitcoin ETF
Svmuu News: Japanese regulators are moving forward with adjustments to the legal framework for digital asset investments. Spot Bitcoin ETFs could be approved for listing as early as 2028, though the timeline remains contingent on progress in regulation, product reviews, and tax reform.
On July 15, the Japanese Diet approved the transfer of Bitcoin and approximately 105 other crypto assets from the framework of the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal obstacle to the listing of related funds on the Tokyo Stock Exchange.
Major Japanese financial groups such as SBI Holdings and Nomura are preparing digital asset products. Japan also plans to adjust the tax treatment of crypto assets from a miscellaneous income tax rate of up to 55% to a separate filing system with a rate of approximately 20.315%.
02:19
Bitcoin Mining pool Poolin files for bankruptcy protection and plans to sell its Texas mining assets for $52 million
Svmuu News Bitcoin The mining pool Poolin has filed for Chapter 11 bankruptcy protection in a U.S. court and plans to wind down its operations by selling its mining assets in Bitcoin, Texas.According to court documents, Poolin and its two U.S. affiliates, Lonestar Dream Inc. and Lonestar Taproot LLC, filed a voluntary bankruptcy petition with the U.S. Bankruptcy Court for the District of New Jersey on July 22.Poolin currently estimates it has between 10,000 and 25,000 creditors, with assets valued at approximately $1 million to $10 million and liabilities ranging from $100 million to $500 million.
Michael DuFrayne, Poolin’s Chief Restructuring Officer, stated that the company’s pre-bankruptcy debt totaled approximately $173.1 million, of which about $163.7 million consisted of unsecured IOUs issued to Poolin Wallet users after withdrawals were suspended during the 2022 crypto market crash.
This Chapter 11 proceeding is not intended to restructure the business but rather to facilitate the sale of assets under court supervision. Poolin’s Pyote and Tarbush mining facilities in Texas ceased mining and hosting operations on July 10, retaining only a small number of employees to maintain the assets and proceed with the sale.
Poolin has now signed an asset purchase agreement with Thor CALAP LLC, which has offered to acquire the relevant mining assets for $52 million. The offer includes: $15 million for the Pyote mining facility, along with related power rights and equipment;$37 million for the Tarbush mining facility’s power rights and equipment. This offer will serve as a “stalking horse bid” in the bankruptcy auction, setting a minimum price for subsequent bids; the transaction remains subject to higher bids and court approval. (Theenergymag)
02:16
Tencent’s Hunyuan Organizational Structure Undergoes Another Upgrade, Merging the Large Language Model and Multimodal Teams to Accelerate Model R&D
Svmuu News: Tencent announced the merger of its Hun Yuan Multimodal Model Division and Large Language Model Division to form the Foundation Model Division, which will be unified under the leadership of Tencent’s Chief AI Scientist Yao Shunyu, with the aim of further enhancing model R&D and collaboration efficiency and exploring the intellectual limits of full-modal models. (36Kr)
02:13
Mirae Asset Completes Acquisition of 97.15% of Korbit and Renames It Digital X
Svmuu News: Mirae Asset has completed the acquisition of a 97.15% stake in Korbit, South Korea’s oldest cryptocurrency exchange, and has renamed it Digital X.
The company plans to develop Digital X into a smart investment platform that integrates real-world assets, security tokens, stablecoins, traditional assets, and digital assets within a single ecosystem.
Mirae Asset stated that it will not compete directly with dominant exchanges such as Upbit and Bithumb, but will instead focus on investor education, research, strict compliance standards, and institutional-grade infrastructure.
02:12
Iranian Foreign Minister: Any source of an attack on Iran will become a legitimate target for defensive action
Svmuu News: Iranian Foreign Minister Araghchi stated on the 24th (local time) that Iran will regard any source of attacks against the Iranian people as a legitimate target for defensive actions by the Iranian armed forces. Araghchi also emphasized that any party participating in, cooperating with, or assisting in attacks against Iran will bear corresponding international responsibility. (Jin Shi)
02:07
Morgan Stanley Intense Reaction Within Investment Banks After Missing Out on SK Hynix’s U.S. IPO Underwriting
Svmuu News: Morgan Stanley was not selected as the sole lead underwriter for the listing of SK Hynix American Depositary Receipts (ADRs),The transaction, valued at approximately $26.5 billion (about 40 trillion won), is the largest IPO by a foreign company in the U.S. Based on a 0.5% underwriting fee rate, the commission would amount to approximately $130 million. The final underwriting syndicate consists of Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase. Morgan Stanley Having previously secured projects such as SpaceX and Anthropic, and once considered a front-runner to underwrite OpenAI’s IPO, Morgan Stanley’s exclusion from this deal is viewed internally as a blow to its reputation.
Industry observers widely believe that ’s exclusion is linked to its repeated release of bearish reports on the South Korean semiconductor sector, including its well-known analysis of the “memory winter.”Several investment banking professionals, including a former Morgan Stanley executive, stated that a growing number of people within the Seoul office believe the previous bearish reports may have cost the firm the SK Hynix deal, and that the firm will need to exercise greater caution when publishing such views in the future. (CLS)
02:06
Analysis: AI stocks are being heavily sold off, but Bitcoin has bucked the trend and stabilized around $65,000.
Svmuu News: Bitcoin (BTC) has shown strong resilience amid a massive sell-off in the U.S. AI sector and currently remains near $65,000.Recently, the U.S. stock market’s “Magnificent Seven” (Magnificent Seven) experienced their worst single-day performance since April 2025, putting significant pressure on sentiment in the tech sector.
However, this sharp decline in AI stocks has not significantly spilled over into the crypto market, with Bitcoin’s price showing only minor fluctuations—indicating a reduced correlation between crypto assets and tech growth stocks.Market analysts point out that Bitcoin’s current performance is driven more by capital flows within the crypto market itself, institutional demand, and expectations regarding macroeconomic liquidity. As volatility in traditional risk assets intensifies, investors will continue to watch whether BTC can maintain its independent price trajectory. (CoinDesk)
01:56
Donald Trump Controversy Over Cryptocurrency Interests Holds Up the CLARITY Act; Prospects for Passage This Year Diminish
Svmuu News: The CLARITY Act—the long-awaited digital asset regulatory bill in the U.S. crypto industry—has hit a snag. Senate Majority Leader John Thune stated that the Senate is not expected to pass the bill before its August recess.
The CLARITY Act aims to establish a clearer regulatory framework for digital assets and facilitate the integration of blockchain and crypto assets into the mainstream financial system. Previously, the bill had undergone multiple rounds of negotiations between the crypto industry and opposing forces such as the banking sector, and was at one point considered close to passage.
However, recent controversies surrounding conflicts of interest related to U.S. President Donald Trump and his family’s involvement in crypto projects have become a new obstacle to the bill’s progress. Democrats are demanding that ethical provisions restricting government officials from profiting from crypto transactions be included in the bill, a move Republicans have previously opposed.Prediction market data shows that the probability of the CLARITY Act passing this year has dropped significantly. According to Polymarket, as of Friday, that probability stood at approximately 37%, far below the level of over 80% recorded earlier this spring.
Crypto policy organizations and industry insiders believe the current delay is largely driven by political factors surrounding the U.S. midterm elections. Ron Hammond, Head of Policy and Advocacy at Wintermute, stated that while the votes to support the bill may still exist, “election politics are louder.” He believes there may still be a window to push for the bill’s passage after the November elections.
Analysts point out that if Congress needs to prioritize major issues such as government funding and defense before the end of this term, the CLARITY Act may be further sidelined. With the U.S. political landscape likely to shift after the midterm elections, the outlook for crypto regulatory legislation remains highly uncertain. (Fortune)
01:55
SK Hynix’s Cheongju P&T7 Cleanroom Will Be Put Into Operation Three Months Ahead of Schedule
Svmuu News: SK Hynix is accelerating construction of its advanced semiconductor packaging plant at P&T7 in Cheongju, bringing forward the commissioning of its first cleanroom by about three months. According to industry sources on July 23, SK Hynix currently expects to commission the first cleanroom at P&T7 as early as July 2027. The company had previously announced a target date of October 2027.
An industry insider revealed, “SK Hynix recently moved up the tender process for utility and infrastructure projects for the P&T7 cleanroom. Internal estimates suggest the cleanroom will be operational about one quarter earlier than originally planned.” Some equipment-related tender projects failed to attract bidders and are currently being re-advertised. Industry insiders expect that the bidding process for all utility and infrastructure projects will be completed by August at the latest. (STAR Market Daily)
01:49
Aster has launched the Vault Beta feature, allowing users to participate in profit- and risk-sharing through custodial policies.
Svmuu News: The decentralized trading platform Aster has announced the launch of Aster Vault Beta, which allows users to participate in trading strategies driven by actively managed strategies without having to execute each trade themselves.
According to the announcement, users can deposit funds into a Vault, where the strategy manager will execute trades, and users will share in the profits or bear the corresponding losses generated by the strategy in proportion to their capital contribution. Currently, during the beta phase, only a limited number of Vaults are available to users.
Aster stated that this feature aims to lower the barrier to entry for users participating in actively managed trading strategies, enabling them to access professional trading strategies through a custodial arrangement. The platform will further expand the Vault ecosystem based on feedback from the beta phase.

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