7*24

Hot topic

Market

Activities

On July 28, Jiang Zhuoer, founder of mining pool B.TOP, stated that after the current market cycle ends, he will no longer short ETH and will switch to shorting BTC instead. He will use WBETH as collateral to short an equivalent amount of BTC spot. The reason is that MSTR is expected to refrain from increasing its BTC holdings for a long time; BitMine continues to buy ETH; coupled with developments in RWA and other areas, this bear market may repeat the pattern of the previous cycle, with BTC and ETH reaching their lowest points at different times. In the previous cycle, ETH's lowest point was on June 18, 2022, at $881.56, with BTC at $17,622 and an exchange rate of 0.0500. BTC's lowest point was on November 21, 2022, with ETH at $1,079.76, BTC at $15,476, and an exchange rate of 0.0698. In this cycle, there is a possibility that ETH's lowest point occurred on June 6, 2026, at $1,505.68, hence the switch to shorting BTC. BTC has already broken below its upward channel, while ETH remains near the lower edge of its upward channel.

[Jiang Zhuoer: No Longer Shorting ETH, Switching to Short BTC; Expects BTC and ETH to Bottom at Different Times This Cycle]On July 28, Jiang Zhuoer, founder of mining pool B.TOP, stated that after the current market cycle ends, he will no longer short ETH and will switch to shorting BTC instead. He will use WBETH as collateral to short an equivalent amount of BTC spot. The reason is that MSTR is expected to refrain from increasing its BTC holdings for a long time; BitMine continues to buy ETH; coupled with developments in RWA and other areas, this bear market may repeat the pattern of the previous cycle, with BTC and ETH reaching their lowest points at different times. In the previous cycle, ETH's lowest point was on June 18, 2022, at $881.56, with BTC at $17,622 and an exchange rate of 0.0500. BTC's lowest point was on November 21, 2022, with ETH at $1,079.76, BTC at $15,476, and an exchange rate of 0.0698. In this cycle, there is a possibility that ETH's lowest point occurred on June 6, 2026, at $1,505.68, hence the switch to shorting BTC. BTC has already broken below its upward channel, while ETH remains near the lower edge of its upward channel.

Jiang Zhuoer: No Longer Shorting ETH, Switching to Short BTC; Expects BTC and ETH to Bottom at Different Times This Cycle

On July 28, according to Reuters, Gulf sources revealed that Oman has proposed a plan to Iran aimed at establishing a mechanism for regional countries to jointly manage the Strait of Hormuz, and adopting a voluntary fee model to fund navigation management, environmental protection, search and rescue, and other projects. Sources said that under the proposal, Iran would not have sole control of the Strait of Hormuz. The plan references the management model of the Strait of Malacca, which allows parties using the strait to voluntarily contribute to maintaining waterway safety and related services. Currently, Oman's proposal has received regional support.

[Oman proposes regional co-management mechanism for Strait of Hormuz, Iran may relinquish sole control]On July 28, according to Reuters, Gulf sources revealed that Oman has proposed a plan to Iran aimed at establishing a mechanism for regional countries to jointly manage the Strait of Hormuz, and adopting a voluntary fee model to fund navigation management, environmental protection, search and rescue, and other projects. Sources said that under the proposal, Iran would not have sole control of the Strait of Hormuz. The plan references the management model of the Strait of Malacca, which allows parties using the strait to voluntarily contribute to maintaining waterway safety and related services. Currently, Oman's proposal has received regional support.

Oman proposes regional co-management mechanism for Strait of Hormuz, Iran may relinquish sole control

On July 28, HSBC released its Affluent Investor Snapshot 2026 report, which surveyed nearly 10,000 high-net-worth investors globally. The report shows that the average allocation to crypto assets in 2026 stands at 6%, down 1 percentage point year-on-year. However, 45% of respondents still plan to increase their allocation over the next 12 months, while 40% plan to keep it unchanged. Investors in Singapore and Malaysia have crypto allocations of 5% and 6%, respectively, both unchanged from the previous year. During the same period, global cash allocation dropped to 19%, with funds continuing to shift toward equities, gold, and alternative investments.

[HSBC: High-Net-Worth Investors' Crypto Allocation Drops to 6%, but 45% Still Plan to Increase]On July 28, HSBC released its Affluent Investor Snapshot 2026 report, which surveyed nearly 10,000 high-net-worth investors globally. The report shows that the average allocation to crypto assets in 2026 stands at 6%, down 1 percentage point year-on-year. However, 45% of respondents still plan to increase their allocation over the next 12 months, while 40% plan to keep it unchanged. Investors in Singapore and Malaysia have crypto allocations of 5% and 6%, respectively, both unchanged from the previous year. During the same period, global cash allocation dropped to 19%, with funds continuing to shift toward equities, gold, and alternative investments.

HSBC: High-Net-Worth Investors' Crypto Allocation Drops to 6%, but 45% Still Plan to Increase

On July 28, the Shanghai Composite Index of A-shares lost the 3800-point integer mark, now down 1.54%; the STAR 50 Index fell over 7%, the ChiNext Index dropped over 7.5%, and the Shenzhen Component Index decreased by 4.65%; C Changxin's afternoon trading volume exceeded 400 billion yuan, now down 2.8%.

[Shanghai Composite Index Breaks Below 3800 Points]On July 28, the Shanghai Composite Index of A-shares lost the 3800-point integer mark, now down 1.54%; the STAR 50 Index fell over 7%, the ChiNext Index dropped over 7.5%, and the Shenzhen Component Index decreased by 4.65%; C Changxin's afternoon trading volume exceeded 400 billion yuan, now down 2.8%.

Shanghai Composite Index Breaks Below 3800 Points

On July 28, economists at ING Group believe that the Bank of England's latest forecasts will show inflation 'close to 3% in the second half of this year and early next year,' a level still within the central bank's tolerance range. Against this backdrop, their base case is that 'the Bank of England will stay put through 2026,' with policy easing delayed to the next cycle. ING stated that it 'currently forecasts two rate cuts starting from spring 2027,' but emphasized that this path 'depends on the absence of substantial fiscal stimulus in the autumn budget.' Additionally, the British pound has recently come under pressure as investors remain cautious about the funding sources for new Prime Minister Burnham's spending commitments. Burnham announced caps on transportation fares and electricity prices, sparking concerns over further strain on public finances—a highly sensitive issue in the UK following the Truss fiscal turmoil in 2022.

[ING: Bank of England to Stay Put This Year, New PM's Promises Worry Markets]On July 28, economists at ING Group believe that the Bank of England's latest forecasts will show inflation 'close to 3% in the second half of this year and early next year,' a level still within the central bank's tolerance range. Against this backdrop, their base case is that 'the Bank of England will stay put through 2026,' with policy easing delayed to the next cycle. ING stated that it 'currently forecasts two rate cuts starting from spring 2027,' but emphasized that this path 'depends on the absence of substantial fiscal stimulus in the autumn budget.' Additionally, the British pound has recently come under pressure as investors remain cautious about the funding sources for new Prime Minister Burnham's spending commitments. Burnham announced caps on transportation fares and electricity prices, sparking concerns over further strain on public finances—a highly sensitive issue in the UK following the Truss fiscal turmoil in 2022.

ING: Bank of England to Stay Put This Year, New PM's Promises Worry Markets

On July 28, the Nikkei 225 closed down 2,566.27 points, or 3.95%, at 62,364.92. The Korea KOSPI index closed down 732.12 points, or 10.84%, at 6,023.63, marking its biggest drop since March 4. During the session, it fell over 11% to below the 6,000-point mark, with a cumulative decline of nearly 30% this month. SK Hynix fell over 14%; Samsung Electronics dropped over 13%, its largest single-day decline since October 24, 2008. (Jin Shi)

[Japanese and Korean Stock Markets Plunge, Korean Index Falls Nearly 11%]On July 28, the Nikkei 225 closed down 2,566.27 points, or 3.95%, at 62,364.92. The Korea KOSPI index closed down 732.12 points, or 10.84%, at 6,023.63, marking its biggest drop since March 4. During the session, it fell over 11% to below the 6,000-point mark, with a cumulative decline of nearly 30% this month. SK Hynix fell over 14%; Samsung Electronics dropped over 13%, its largest single-day decline since October 24, 2008. (Jin Shi)

Japanese and Korean Stock Markets Plunge, Korean Index Falls Nearly 11%

On July 28, the Nikkei 225 index closed down 2566.27 points, or 3.95%, at 62,364.92 points.

[Japanese Stocks Close Down 3.95%]On July 28, the Nikkei 225 index closed down 2566.27 points, or 3.95%, at 62,364.92 points.

Japanese Stocks Close Down 3.95%

On July 28, the Korea Composite Stock Price Index (KOSPI) closed down 732.12 points, or 10.84%, at 6023.63, after briefly falling over 11% to below 6000 points during the session. Among individual stocks, SK Hynix closed down over 14%, and Samsung Electronics fell over 13%.

[Korean Stocks Drop 10.84% at Close]On July 28, the Korea Composite Stock Price Index (KOSPI) closed down 732.12 points, or 10.84%, at 6023.63, after briefly falling over 11% to below 6000 points during the session. Among individual stocks, SK Hynix closed down over 14%, and Samsung Electronics fell over 13%.

Korean Stocks Drop 10.84% at Close

FTSE China A50 index futures continued their weakness in the afternoon, now down more than 3%.

[FTSE China A50 Index Futures Continue Weakness in Afternoon, Now Down Over 3%]FTSE China A50 index futures continued their weakness in the afternoon, now down more than 3%.

FTSE China A50 Index Futures Continue Weakness in Afternoon, Now Down Over 3%

HTX data monitoring shows that BTC has broken through 65,000 USDT, currently reported at 65,059.28 USDT, with a 24H increase of 1.14%.

【BTC breaks through 65000 USDT】HTX data monitoring shows that BTC has broken through 65,000 USDT, currently reported at 65,059.28 USDT, with a 24H increase of 1.14%.

BTC breaks through 65000 USDT

BitMine adds 7,430 ETH, spends $86M on share buybacks – Why?

Gate Research Institute: The 'Wall Street-ization' Wave of Crypto Financial Products – Competition or Integration?

BIT Trading Moment: BTC Still Suppressed by Weekly 200 EMA, Rejection May Restart Decline; Storage and Semiconductors that Surged Last Night Begin Falling in Evening Trading

BUILDon loses 15% as Futures activity cools down — Another decline incoming?

Is Bitcoin nearing another accumulation zone? THIS signal says yes

Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions

From OpenSea to OpenRouter: Is Alex Atallah Repeating His 'Exit at the Peak' Playbook?

2 Months, Valuation Soars from $8.8B to $68B! The Largest AI Model Hub OpenRouter May Be Acquired

BTC breaks through 65000 USDT

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles