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7/24
09:33
Svmuu News: According to the latest data from Gate, the price of gold has fallen to $4,045.75 per ounce, marking a 0.01% decline for the day. The price of silver has dropped to $57.883 per ounce, marking a 0.74% increase for the day.
The BVIX (BTC Volatility Index) is currently quoted at 38.43, down 0.77% for the day. The EVIX (ETH Volatility Index) is currently quoted at 52.5, unchanged for the day.
In the foreign exchange market, the U.S. dollar against the offshore yuan (USD/CNH) fell 0.05% intraday, with the current exchange rate at 6.77375. The U.S. dollar against the Japanese yen (USD/JPY) rose 0.02% intraday, with the current exchange rate at 163.864.
In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0.77% intraday to 6,251.77 points; the UK FTSE 100 Index (UK100) rose 0.77% intraday to 10,700.6 points; and the German DAX 40 Index (GER40) rose 0.89% intraday to 24,952.1 points.
In the commodities market, WTI crude oil fell 2.19% intraday to $91.02 per barrel. Brent crude oil fell 1.91% intraday to $93.43 per barrel.
Gate enables users to trade traditional financial market products directly on the platform, offering one-stop access to a wide range of asset classes including precious metals, foreign exchange, global stock CFDs, major indices, and commodities, thereby achieving deep integration between crypto assets and traditional financial assets. Gate TradFi features have been fully integrated into the Gate App and web platform, allowing users to conveniently trade global assets without switching platforms. This unlocks additional strategies and opportunities beyond the crypto market, continuously enhancing the multi-asset allocation experience.
09:27
Svmuu News: Elvira Nabiullina, Governor of the Central Bank of Russia, stated that while there are currently no additional regulatory restrictions on any type of investor when individuals or institutions transfer cryptocurrencies from Russia to overseas, such assets lack legal protection, and investors cannot rely on the country’s legal system to protect their rights in the event of disputes or losses.
09:22
Svmuu News: Huang Renxun, CEO of NVIDIA, posted his first personal tweet on X, sharing an open letter titled “Open Weights and U.S. AI Leadership” co-signed by more than 20 tech companies and organizations, including NVIDIA.
The open letter argues that open-weight models can expand access to the AI economy, enhance market competition, and give users greater control. Signatories include Meta, Microsoft, Andreessen Horowitz, Hugging Face, IBM, Mistral AI, Palantir, Perplexity, Mozilla, Y Combinator, and others.
The letter states that while open-weight models do pose risks, their development should not be stifled through bans or restrictions; rather, openness should be leveraged to advance AI safety and cybersecurity capabilities. Huang Renxun stated, “The world needs cutting-edge closed-source models, and it also needs cutting-edge open models.”
09:21
Svmuu News: Memecoin.Fun announced the completion of a $3.5 million strategic funding round led by Becker Ventures, with participation from BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen, among others. The project primarily operates as a token issuance platform within the Robinhood Chain ecosystem. This funding round will be used to accelerate the development of core products and infrastructure, including the Robinhood Chain Launchpad infrastructure, the development of cross-chain bridge functionality, and the research, development, and operation of the Memecoin All-chain Platform.
09:18
Svmuu News: HyperliquidNews posted on X that open interest in HIP-3 has reached a record high, surpassing $3.86 billion.
09:14
Svmuu News: According to community reports, NVIDIA’s CEO, Huang Renxun, appears to have registered an account on the X platform, and the official NVIDIA account, NVIDIA AI, has followed this account.
09:09
Svmuu News: On Friday, Iraq denied a report in The New York Times claiming that Iraq was mediating negotiations between the U.S. and Iran to achieve a ceasefire. According to a statement from the Iraqi Prime Minister’s Media Office cited by the Iraqi News Agency (INA), the report published by The New York Times on Thursday was “completely baseless and has no connection to reality.” The Iraqi Prime Minister’s Media Office urged the media to “verify information, rely on official channels, and avoid spreading unverified reports or statements attributed to anonymous sources.” (Jin Shi)
09:04
Svmuu News: A Fox Business crypto reporter posted on X that the Digital Chamber, the Crypto Council, and the Blockchain Association are urging U.S. Senate leadership to bring the Clarity Act to a full Senate vote, even though the bill currently lacks the support needed to move forward.
08:59
Svmuu News: The Thai Securities and Exchange Commission (SEC) has filed criminal complaints against the digital asset exchange Bitkub Online and two former directors, Sakolkorn Sakavee and Thaweesap Rawan, accusing them of making false reports related to a 2021 cyberattack.
The SEC stated that a cyberattack in May 2021 resulted in the theft of 16 types of digital assets from Bitkub, valued at approximately 1.7 billion baht, or about $50 million. The regulator stated that Bitkub subsequently replenished the stolen assets by October 31, 2021, but the daily net working capital reports submitted between May 10 and October 30, 2021, did not accurately reflect the reduction in assets.
Bitkub stated on X that the case stemmed from a disclosure decision following a cyberattack in May 2021 and did not constitute fraud. The exchange explained that the delay in disclosing the compromised wallets was intended to prevent a run on the exchange, and that the co-founder subsequently purchased digital assets of equivalent value to cover the stolen funds, ensuring that neither the company nor its customers suffered any financial losses.
Founded in 2018, Bitkub is one of Thailand’s largest cryptocurrency exchanges. Bitkub’s parent company is considering a potential initial public offering (IPO), including a possible listing in Hong Kong.
08:58
Svmuu News: The Kremlin said Friday that Russia believes U.S. President Donald Trump’s efforts to end the war in Ukraine are sincere, and although the U.S. continues to supply weapons to Kyiv, Russia will wait for Washington to propose a new solution.Meanwhile, Kremlin spokesperson Peskov stated that Russia will continue to pursue its established goals through military means. Peskov said, “Yes, (military action) is not the preferred path, but given that there are currently no prospects for peace, we will persevere until we achieve a complete victory. However, we will wait for a new proposal (from the U.S.).”(Jin Shi)
08:50
Svmuu News: U.S. Senator Cynthia Lummis has released an updated draft of the CLARITY Act, which would require digital asset exchanges, brokers, and dealers to segregate customer assets and prohibit the use of customer funds and assets as the platform’s own property. The draft also proposes to classify digital commodities and other assets held by platforms on behalf of clients as “client property” in bankruptcy liquidation proceedings.
08:46
Svmuu News: A logistics warehouse affiliated with the U.S. military in Saudi Arabia was attacked by a drone, and explosions were heard at the scene. (Jin Shi)
08:38
Svmuu News: Onchain Lens posted on X stating that over the past 7 days, Hyperliquid repurchased and burned 130,900 HYPE tokens, worth approximately $7.65 million, at an average repurchase price of $58.45. A total of 130,900 HYPE tokens were removed from circulation this week.
08:33
Svmuu News: BlackRock, Coinbase, Strategy, Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital Assets, and Galaxy have formed the Bitcoin Security Consortium, committing a total of $15 million over three years to fund security research and open-source development for the Bitcoin, with a focus on quantum computing defenses.
The consortium does not hold or allocate funds; each member will directly select the developers and researchers to fund. The consortium stated that it will not direct the development of Bitcoin nor take a position on protocol changes; Mike Schmidt, a developer who funds the nonprofit organization Brink, will coordinate the relevant work on a volunteer basis.
Currently, no quantum computer exists capable of breaking the cryptography of Bitcoin. Approximately 6.9 million BTC, valued at $450 billion, are stored in addresses that could be affected should such a quantum computer emerge; addressing this issue would require coordination among multiple parties, including wallets, exchanges, miners, and users.
Relevant efforts include proposals such as BIP 360, which designs a new output type to limit public key exposure and works in conjunction with post-quantum signature schemes. Robert Mitchnick, Head of Digital Assets at BlackRock, stated that Core developers are engaged in important work and that the organization will provide additional funding to ensure the long-term security of Bitcoin.
08:24
Svmuu News: According to Onchain Lens, BlackRock transferred 3,126 BTC, worth approximately $203 million, from its IBIT Bitcoin ETF wallet to Coinbase Prime.The transfer was executed in multiple transactions, including several transfers of 300 BTC each and one transfer of 126.168 BTC.
08:23
Svmuu News: Glassnode has released data on the options market at Bitcoin, indicating that the put/call ratio for Bitcoin options has fallen from approximately 0.76 at the end of June to 0.52, suggesting that defensive positions are being unwound, while the price at Bitcoin has stabilized around $67,000.ATM implied volatility remains compressed, with 1-week implied volatility at 34.3% and 6-month implied volatility at 40.8%, and the term structure is upward-sloping.Short-term 25-delta skew has retreated to approximately 4%, reflecting a recent weakening in demand for put hedging, but medium- to long-term skew remains at defensive premium levels of 11% to 12%.
08:08
Svmuu News: According to Onchain Lens, a whale transferred a total of 8,000 ETH, worth approximately $15.1 million, to Binance today. The wallet had previously held these funds for about eight months.
08:00
Svmuu News: The European Union (EU) has expanded the scope of its sanctions against Russia, targeting the A7 cross-border payment network and its newly established African affiliates, as well as the A7A5 stablecoin, which has been used to circumvent sanctions.
The latest sanctions package extends the transaction ban to 14 crypto-related platforms in countries such as Georgia, the United Arab Emirates, and Panama, and introduces a tool that can be used to comprehensively prohibit crypto asset services used by Russia.
In addition to the digital asset measures, the EU has imposed asset freezes and transaction bans on 94 banks and major financial institutions, and has expanded the transaction ban to include an additional 33 Russian credit and financial institutions.
07:54
Svmuu News: B2C2, a crypto market maker in which SBI Holdings holds a 90% stake, has been in acquisition talks with several potential buyers over the past 18 months.
The negotiations have been hampered by disagreements over valuation. B2C2 is seeking a transaction price exceeding $1 billion, but a source familiar with the matter said that price is difficult to achieve given the current crypto market conditions.
These negotiations are taking place against the backdrop of consolidation in the digital asset industry, where many companies are expanding their institutional businesses and scaling up through acquisitions.
07:46
Svmuu News: NVIDIA CEO Jensen Huang engaged in a wide-ranging and in-depth discussion with AXIOS co-founder Mike Allen on the current state of artificial intelligence. Huang noted that although the chip industry has long been subject to cycles of boom and bust, “this time is different.”Even considering the chip industry’s historically highly cyclical fluctuations (as shown in the figure), the current boom still has room to grow.
When asked whether the industry is on the verge of a downturn, Huang replied, “No, that won’t happen for some time.This time is different because it is not demand-driven.” Huang Renxun further explained that the current AI boom is not driven by consumer demand, which has long been the industry’s primary driver. The current AI boom is industry-driven, meaning that the core technology of computers is undergoing a transformation.We need to establish an entirely new layer of infrastructure on a global scale. We already have energy, the internet, roads, and railways; now we need to build an “intelligence layer”—that is, an additional layer of infrastructure on top of these foundations. And this layer of infrastructure relies on chips. I believe our semiconductor industry may need to be five to ten times larger than it is now… The industry is currently too small.Everything is in extreme short supply because this is not a cyclical issue, nor is it driven by consumer demand; rather, it stems from fundamental, infrastructure-related factors. Consequently, the entire industry is facing shortages. I believe we must scale up this industry several-fold. (Jin Shi)

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