In mid-July, the sentiment of traders trading Bitcoin options became noticeably more optimistic. 📈
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 — right at the moment when the likelihood of the CLARITY Act being passed began to rise again. 📉📜
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 — right at the moment when the likelihood of the CLARITY Act being passed began to rise again. 📉📜
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Crypto trader suffers over $1M unrealized loss on short of China's most valuable company post-IPO 📉
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.
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Bitcoin's hashrate has been declining for 287 consecutive days, marking the longest miner capitulation in history. Mining difficulty has fallen nearly 20% from its all-time high—the third-largest decline on record.
Despite this, mining stocks continue to rise.
Analysts attribute the divergence to miners increasingly shifting their focus from Bitcoin mining to AI infrastructure and services.
The CEO of MARA, the largest publicly traded Bitcoin miner in the U.S., recently said that the company's AI business is now generating significantly more revenue than its cryptocurrency mining operations.
Despite this, mining stocks continue to rise.
Analysts attribute the divergence to miners increasingly shifting their focus from Bitcoin mining to AI infrastructure and services.
The CEO of MARA, the largest publicly traded Bitcoin miner in the U.S., recently said that the company's AI business is now generating significantly more revenue than its cryptocurrency mining operations.
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On-Chain Mind: During the three previous Bitcoin bear markets, cohorts with a holding period of 6 months to 1 year remained at a loss for an average of 13 months.
Their return to profitability each time marked the resumption of a bull market.
The cohorts of the current cycle moved into a loss in November of last year.
This historical data points to December of this year.
Their return to profitability each time marked the resumption of a bull market.
The cohorts of the current cycle moved into a loss in November of last year.
This historical data points to December of this year.
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Major miner Riot sold 4,300 bitcoins and closed the quarter with a $237 million loss
American mining company Riot Platforms reported selling 4,300 BTC to fund operations and expand its data center network.
At the end of the second quarter, the company held 11,380 BTC on its balance sheet, of which 5,821 BTC are pledged as collateral for loans. This ranks Riot 13th among the largest corporate bitcoin holders.
During the quarter, Riot mined 1,587 BTC, an 11% increase from the previous year. The average cost to mine one bitcoin, excluding depreciation, was $49,912.
However, mining revenue decreased by 19.3% to $113.7 million, and the company's net loss amounted to $237 million.
Earlier this week, it was reported that the company signed a 20-year contract to provide computing power to Anthropic, the company behind the Claude neural network. The contract is expected to generate approximately $9.1 billion in revenue for Riot by 2048.
American mining company Riot Platforms reported selling 4,300 BTC to fund operations and expand its data center network.
At the end of the second quarter, the company held 11,380 BTC on its balance sheet, of which 5,821 BTC are pledged as collateral for loans. This ranks Riot 13th among the largest corporate bitcoin holders.
During the quarter, Riot mined 1,587 BTC, an 11% increase from the previous year. The average cost to mine one bitcoin, excluding depreciation, was $49,912.
However, mining revenue decreased by 19.3% to $113.7 million, and the company's net loss amounted to $237 million.
Earlier this week, it was reported that the company signed a 20-year contract to provide computing power to Anthropic, the company behind the Claude neural network. The contract is expected to generate approximately $9.1 billion in revenue for Riot by 2048.
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Cosmostation Wallet will discontinue customer services starting September 1.
Cosmostation is a wallet for the Cosmos (ATOM) ecosystem. Some experts believe its shutdown could accelerate liquidity outflows from Cosmos and increase selling pressure on the native ATOM token.
#ATOM = -3%
Cosmostation is a wallet for the Cosmos (ATOM) ecosystem. Some experts believe its shutdown could accelerate liquidity outflows from Cosmos and increase selling pressure on the native ATOM token.
#ATOM = -3%
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The Antminer S21 XP series topped the miner profitability rankings for July
The Antminer S21 XP 270 TH/s ASIC miner model demonstrated the best profitability among tested devices for July 2026, according to a report by data center operator Intelion.
Over the past month, its profitability reached 1.12% (13.42% annualized). The top three also included the Antminer S21 PRO 234 TH/s MIX and the Whatsminer M70 222 TH/s.
According to Intelion, the mining economy in July was shaped by factors such as a sequential decrease in network difficulty and the stabilization of the Bitcoin exchange rate following a prolonged decline.
Analysts noted that the July dynamics reflect the adaptation of the network's total computing power to the changed market conditions.
The Antminer S21 XP 270 TH/s ASIC miner model demonstrated the best profitability among tested devices for July 2026, according to a report by data center operator Intelion.
Over the past month, its profitability reached 1.12% (13.42% annualized). The top three also included the Antminer S21 PRO 234 TH/s MIX and the Whatsminer M70 222 TH/s.
According to Intelion, the mining economy in July was shaped by factors such as a sequential decrease in network difficulty and the stabilization of the Bitcoin exchange rate following a prolonged decline.
Analysts noted that the July dynamics reflect the adaptation of the network's total computing power to the changed market conditions.
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Ethereum price hits three-month high, rising above $2,000
The price of the second-largest cryptocurrency rose by almost 2.5% in 24 hours, exceeding $66,200 for the first time since late July. The rally has continued for three consecutive days, with a total gain of 5%.
The price of Ethereum (ETH) increased by 5% in 24 hours and nearly 7% over the past three days, trading above $2,010 — a high not seen since early June.
The price of the second-largest cryptocurrency rose by almost 2.5% in 24 hours, exceeding $66,200 for the first time since late July. The rally has continued for three consecutive days, with a total gain of 5%.
The price of Ethereum (ETH) increased by 5% in 24 hours and nearly 7% over the past three days, trading above $2,010 — a high not seen since early June.
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