Cointelegraph
Orbital Data Center Startup to Mine Bitcoin in Space
Starcloud, an Nvidia-backed orbital data center startup, said it will connect Bitcoin ASICs to mine the cryptocurrency in space when its second spacecraft launches later this year.
Starcloud, a company backed by Nvidia, plans to begin mining BTC directly in orbit after launching a new satellite this year.
The project involves placing miners in satellite data centers powered by solar energy β if the experiment proves successful, space-based mining could become a new industry.
The project involves placing miners in satellite data centers powered by solar energy β if the experiment proves successful, space-based mining could become a new industry.
β€29π6π¨βπ»6π₯5π₯°1π€ͺ1
Trading activity in TradFi perpetual futures on Binance is growing rapidly β trading volume has already exceeded $153 billion just a couple of months after launch, and the number of trades has reached tens of millions.
The main interest is concentrated in gold and silver, which account for the lionβs share of volume and show multi-billion daily turnover: peak activity exceeds 6 million trades per day.
This shows how crypto exchanges are becoming global platforms that combine crypto and traditional markets in a 24/7 format.
The main interest is concentrated in gold and silver, which account for the lionβs share of volume and show multi-billion daily turnover: peak activity exceeds 6 million trades per day.
This shows how crypto exchanges are becoming global platforms that combine crypto and traditional markets in a 24/7 format.
β€16π―4π3π₯3
Gold and stock futures on Binance surpass most cryptocurrencies in trading volume
Recently launched gold and silver futures on the largest crypto exchange Binance have ranked in the top five by trading volume among all instruments on the platform, trailing only perpetuals on BTC, ETH, and SOL.
Crypto futures on stocks of Tesla, Circle, Strategy, Coinbase, and Robinhood are also starting to gain traction on Binance, outpacing many crypto assets.
On the first full trading day following their launch, oil futures on Binance β CLUSDT (WTI crude oil) and BZUSDT (Brent crude oil) β also showed high volumes, ranking third and fourth among products in the traditional asset sector. These can be traded on the exchange with leverage up to 100x.
Recently launched gold and silver futures on the largest crypto exchange Binance have ranked in the top five by trading volume among all instruments on the platform, trailing only perpetuals on BTC, ETH, and SOL.
Crypto futures on stocks of Tesla, Circle, Strategy, Coinbase, and Robinhood are also starting to gain traction on Binance, outpacing many crypto assets.
On the first full trading day following their launch, oil futures on Binance β CLUSDT (WTI crude oil) and BZUSDT (Brent crude oil) β also showed high volumes, ranking third and fourth among products in the traditional asset sector. These can be traded on the exchange with leverage up to 100x.
X (formerly Twitter)
CryptoQuant.com (@cryptoquant_com) on X
Gold and Silver are Already Top 5 Futures on Binance
βBinance is still a crypto-heavy platform, but it is no longer just that. Commodities have found liquidity quickly, and equity-linked products are beginning to attract activity as well.β β By @JA_Maartun
βBinance is still a crypto-heavy platform, but it is no longer just that. Commodities have found liquidity quickly, and equity-linked products are beginning to attract activity as well.β β By @JA_Maartun
β€14π9β2
Hyperliquid recorded a record daily trading volume of $5.4 billion β driven by a surge of interest in commodities such as oil, gold, and silver.
The platform has effectively found a niche at the intersection of crypto and macro trading, where users Π°ΠΊΡΠΈΠ²Π½ΠΎ trade derivatives against the backdrop of global news.
The platform has effectively found a niche at the intersection of crypto and macro trading, where users Π°ΠΊΡΠΈΠ²Π½ΠΎ trade derivatives against the backdrop of global news.
β€19π14π―7π₯5π2
Back in 2010, Satoshi explained that if Bitcoin's existing cryptographic protection ever became vulnerable, the network could be migrated to a new algorithm in advance.
In other words, he didn't build a ready-made "quantum shield," but he did design Bitcoin with the ability to upgrade its cryptography long before today's concerns about quantum computing emerged.
In other words, he didn't build a ready-made "quantum shield," but he did design Bitcoin with the ability to upgrade its cryptography long before today's concerns about quantum computing emerged.
β€2π₯2π€1
The market capitalization of native CEX exchange tokens (OKB, KCS, CRO, and others) has fallen 42% from its all-time high, dropping from $182.4 billion to $105 billion.
Since the beginning of 2026 alone, the sector has lost around 31% amid weak market conditions and declining trading activity.
Since the beginning of 2026 alone, the sector has lost around 31% amid weak market conditions and declining trading activity.
π₯3π3π―2
On-Chain Mind: Currently, the production cost of one Bitcoin is approximately $76k.
The spot price sits around $65k, meaning the average miner's profitability is -13%.
In every previous cycle, periods when the price traded below production cost ended up being exceptional accumulation zones rather than the start of a 'death spiral'.
The spot price sits around $65k, meaning the average miner's profitability is -13%.
In every previous cycle, periods when the price traded below production cost ended up being exceptional accumulation zones rather than the start of a 'death spiral'.
β€2π€2π1π―1
In mid-July, the sentiment of traders trading Bitcoin options became noticeably more optimistic. π
The ratio of open positions for put and call options remained stable at around 0.65 throughout June, and then, starting July 15, dropped to approximately 0.53 β right at the moment when the likelihood of the CLARITY Act being passed began to rise again. ππ
The ratio of open positions for put and call options remained stable at around 0.65 throughout June, and then, starting July 15, dropped to approximately 0.53 β right at the moment when the likelihood of the CLARITY Act being passed began to rise again. ππ
π₯3π€3π2π―1
Crypto trader suffers over $1M unrealized loss on short of China's most valuable company post-IPO π
An unknown crypto trader on Hyperliquid has incurred an unrealized loss of over $1M on their short position in a perpetual futures contract for the Chinese memory manufacturer ChangXin Memory Technologies (CXMT).
According to data from Hypurrscan, at the time of publication, they are holding a short position with a notional value of approximately $17.7M using leverage.
Today, CXMT shares debuted on the Shanghai Stock Exchange and rose more than 500% in yuan during trading, making it the most valuable public company in China by market capitalization at its peak. The CXMT IPO became the largest in Asia in 2026 and the largest offering in mainland China since 2010.
Even before trading began, the TradeXYZ platform based on Hyperliquid launched perpetual futures on CXMT shares. These are the first crypto perps on a Chinese company's stock in principle.
At the time of publication, the trader's position remains open. In addition to the unrealized loss of over $1M, they have already paid about $293K in funding fees. Their position will be liquidated at a price of $17.75.
Their trading wallet still holds over $30M in the USDC stablecoin.
An unknown crypto trader on Hyperliquid has incurred an unrealized loss of over $1M on their short position in a perpetual futures contract for the Chinese memory manufacturer ChangXin Memory Technologies (CXMT).
According to data from Hypurrscan, at the time of publication, they are holding a short position with a notional value of approximately $17.7M using leverage.
Today, CXMT shares debuted on the Shanghai Stock Exchange and rose more than 500% in yuan during trading, making it the most valuable public company in China by market capitalization at its peak. The CXMT IPO became the largest in Asia in 2026 and the largest offering in mainland China since 2010.
Even before trading began, the TradeXYZ platform based on Hyperliquid launched perpetual futures on CXMT shares. These are the first crypto perps on a Chinese company's stock in principle.
At the time of publication, the trader's position remains open. In addition to the unrealized loss of over $1M, they have already paid about $293K in funding fees. Their position will be liquidated at a price of $17.75.
Their trading wallet still holds over $30M in the USDC stablecoin.
β€5π2β1π―1π€1π€ͺ1