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HTX data monitoring shows that XRP has fallen below 1.1 USDT, currently reported at 1.099 USDT, with a 24H decline of 0.03%.

【XRP falls below 1.1 USDT】HTX data monitoring shows that XRP has fallen below 1.1 USDT, currently reported at 1.099 USDT, with a 24H decline of 0.03%.

XRP falls below 1.1 USDT

According to @0xBeyondLee, public data and related disclosure documents show that Kong Jianping indirectly holds approximately 18.98 million shares of Changxin Technology through the Yifang Changda Fund (with a subscription of 21.34 million yuan). Based on the opening price of 49.5 yuan on that day, the corresponding market value of the shares is about 940 million yuan, with a calculated return of approximately 44 times. Previously, Jack Kong also stated that when he invested in Changxin in 2020, the company's valuation was less than 20 billion yuan, which has now exceeded 3 trillion yuan.

[Kong Jianping Indirectly Holds Approximately 18.98 Million Shares of Changxin Technology, Valued at About 940 Million Yuan]According to @0xBeyondLee, public data and related disclosure documents show that Kong Jianping indirectly holds approximately 18.98 million shares of Changxin Technology through the Yifang Changda Fund (with a subscription of 21.34 million yuan). Based on the opening price of 49.5 yuan on that day, the corresponding market value of the shares is about 940 million yuan, with a calculated return of approximately 44 times. Previously, Jack Kong also stated that when he invested in Changxin in 2020, the company's valuation was less than 20 billion yuan, which has now exceeded 3 trillion yuan.

Kong Jianping Indirectly Holds Approximately 18.98 Million Shares of Changxin Technology, Valued at About 940 Million Yuan

Stablecoin issuer Circle has acquired IBM's blockchain patent portfolio. Circle's stock rose nearly 3% in pre-market trading.

[Circle Acquires IBM's Blockchain Patent Portfolio]Stablecoin issuer Circle has acquired IBM's blockchain patent portfolio. Circle's stock rose nearly 3% in pre-market trading.

Circle Acquires IBM's Blockchain Patent Portfolio

On July 26, OpenAI CEO Sam Altman revealed during the podcast "Relentless" that in order to study TikTok, he intentionally allowed himself to become addicted to the platform. However, he ultimately found that he could not fully resist the addictive nature of the product. Initially, he thought he would only spend 10 minutes a day on it, but it gradually turned into an hour, and even an entire afternoon spent scrolling for three hours on the couch. Altman admitted that he did enjoy using it, but that feeling was more akin to 'doing drugs.' In the end, he chose to delete TikTok and reminded himself not to create similarly addictive yet unbeneficial products.

[Sam Altman Becomes Addicted to TikTok While Researching Sora Experience]On July 26, OpenAI CEO Sam Altman revealed during the podcast "Relentless" that in order to study TikTok, he intentionally allowed himself to become addicted to the platform. However, he ultimately found that he could not fully resist the addictive nature of the product. Initially, he thought he would only spend 10 minutes a day on it, but it gradually turned into an hour, and even an entire afternoon spent scrolling for three hours on the couch. Altman admitted that he did enjoy using it, but that feeling was more akin to 'doing drugs.' In the end, he chose to delete TikTok and reminded himself not to create similarly addictive yet unbeneficial products.

Sam Altman Becomes Addicted to TikTok While Researching Sora Experience

On July 27, Bitcoin mining pool and crypto financial platform EMCD announced the launch of a "Miner Support Program," which will provide eligible miners with up to $30 million in support, including financing, fee reductions, and hardware and infrastructure collaboration discounts. This program comes at a time when the Bitcoin mining industry is facing severe profit pressures following the halving. According to CoinShares Q1 2026 data, the Bitcoin hash price has dropped to approximately $28 per PH per day, a 50% decrease from the peak in October 2025, marking a historical low since the halving. Data from the Hashrate Index indicates that around 252 EH/s of computing power has exited the market due to declining profitability, with many outdated mining machines forced to shut down due to high operational costs. Additionally, the industry has experienced three consecutive negative adjustments in mining difficulty, the first occurrence since July 2022, reflecting a significant market clearing. EMCD stated that the support program will provide solutions tailored to the actual operational needs of mining companies, including offering annualized 3.9% collateral liquidity support for miners under financial pressure to help cover operational costs. It will also introduce a 60-day reduction in mining pool fees to lower mining expenses. Furthermore, EMCD will offer discounts on Vnish firmware for miners using outdated or inefficient mining machines and provide equipment procurement and data center service support for miners to expand and migrate their computing power through its partner network. Founded in 2017, EMCD currently operates a Bitcoin mining pool, covering over 120 markets and managing more than 30 EH/s of computing power, ranking among the top ten Bitcoin mining pools globally.

[EMCD Launches Miner Support Program with Up to $30 Million in Funding to Address Mining Profit Crisis]On July 27, Bitcoin mining pool and crypto financial platform EMCD announced the launch of a "Miner Support Program," which will provide eligible miners with up to $30 million in support, including financing, fee reductions, and hardware and infrastructure collaboration discounts. This program comes at a time when the Bitcoin mining industry is facing severe profit pressures following the halving. According to CoinShares Q1 2026 data, the Bitcoin hash price has dropped to approximately $28 per PH per day, a 50% decrease from the peak in October 2025, marking a historical low since the halving. Data from the Hashrate Index indicates that around 252 EH/s of computing power has exited the market due to declining profitability, with many outdated mining machines forced to shut down due to high operational costs. Additionally, the industry has experienced three consecutive negative adjustments in mining difficulty, the first occurrence since July 2022, reflecting a significant market clearing. EMCD stated that the support program will provide solutions tailored to the actual operational needs of mining companies, including offering annualized 3.9% collateral liquidity support for miners under financial pressure to help cover operational costs. It will also introduce a 60-day reduction in mining pool fees to lower mining expenses. Furthermore, EMCD will offer discounts on Vnish firmware for miners using outdated or inefficient mining machines and provide equipment procurement and data center service support for miners to expand and migrate their computing power through its partner network. Founded in 2017, EMCD currently operates a Bitcoin mining pool, covering over 120 markets and managing more than 30 EH/s of computing power, ranking among the top ten Bitcoin mining pools globally.

EMCD Launches Miner Support Program with Up to $30 Million in Funding to Address Mining Profit Crisis

On July 27, Strategy did not increase its Bitcoin holdings last week, and its dollar reserves rose to $3.75 billion, an increase of $525 million.

[Strategy Did Not Increase Bitcoin Holdings Last Week, Dollar Reserves Rise to $3.75 Billion]On July 27, Strategy did not increase its Bitcoin holdings last week, and its dollar reserves rose to $3.75 billion, an increase of $525 million.

Strategy Did Not Increase Bitcoin Holdings Last Week, Dollar Reserves Rise to $3.75 Billion

On July 27, the U.S. spot Bitcoin ETF achieved net inflows for the third consecutive week, marking the first time since early May that there have been three weeks of consecutive gains. However, due to outflows before the weekend, the scale of this round of inflows has notably slowed. As of the week ending July 24, U.S.-listed spot Bitcoin ETFs recorded a total net inflow of $33.79 million. In the previous two weeks, inflows were $197 million and $75.67 million, respectively. Data shows that on July 23 and July 24, Bitcoin ETFs experienced net outflows of approximately $225.2 million and $240.1 million, respectively, ending a trend of inflows over the previous seven trading days. Notably, BlackRock's IBIT product accounted for a significant portion of the outflows, with about $415 million exiting. Market analysts believe that institutional funds are gradually returning to Bitcoin ETFs, but the demand intensity remains lower than during the bull market phase. Crypto data firm BRN noted that after significant outflows in May and June, the market entered a recovery phase in July, though institutional investors remain cautious. In terms of price, Bitcoin briefly rose above $66,500 on Tuesday, reaching a July high, but subsequently fell below $64,000 due to profit-taking by investors and a decline in U.S. tech stocks. The Nasdaq 100 index was dragged down by falling chip stocks, further impacting the performance of risk assets.

[Bitcoin ETF Records Inflows for Third Consecutive Week as Institutional Demand Rebounds Cautiously]On July 27, the U.S. spot Bitcoin ETF achieved net inflows for the third consecutive week, marking the first time since early May that there have been three weeks of consecutive gains. However, due to outflows before the weekend, the scale of this round of inflows has notably slowed. As of the week ending July 24, U.S.-listed spot Bitcoin ETFs recorded a total net inflow of $33.79 million. In the previous two weeks, inflows were $197 million and $75.67 million, respectively. Data shows that on July 23 and July 24, Bitcoin ETFs experienced net outflows of approximately $225.2 million and $240.1 million, respectively, ending a trend of inflows over the previous seven trading days. Notably, BlackRock's IBIT product accounted for a significant portion of the outflows, with about $415 million exiting. Market analysts believe that institutional funds are gradually returning to Bitcoin ETFs, but the demand intensity remains lower than during the bull market phase. Crypto data firm BRN noted that after significant outflows in May and June, the market entered a recovery phase in July, though institutional investors remain cautious. In terms of price, Bitcoin briefly rose above $66,500 on Tuesday, reaching a July high, but subsequently fell below $64,000 due to profit-taking by investors and a decline in U.S. tech stocks. The Nasdaq 100 index was dragged down by falling chip stocks, further impacting the performance of risk assets.

Bitcoin ETF Records Inflows for Third Consecutive Week as Institutional Demand Rebounds Cautiously

On July 27, according to an 8-K filing submitted by Strategy to the U.S. SEC, the company did not purchase any Bitcoin from July 20 to 26, 2026, maintaining a holding of 843,775 coins with a total holding cost of approximately $63.69 billion, at an average price of about $75,476. During the same period, the company sold 5.4292 million shares of MSTR common stock through its ATM plan, raising approximately $544.5 million; additionally, it repurchased 288,930 shares of STRC preferred stock for $25 million, leaving a remaining balance of about $975 million for the preferred stock repurchase plan. As of July 26, the company's dollar reserve balance was $3.75 billion, an increase of about $525 million from the previous week, sufficient to cover approximately 2.1 years of preferred stock dividend expenses.

[Strategy Plans to Raise $544.5 Million via ATM and Repurchase $25 Million in STRC Preferred Stock]On July 27, according to an 8-K filing submitted by Strategy to the U.S. SEC, the company did not purchase any Bitcoin from July 20 to 26, 2026, maintaining a holding of 843,775 coins with a total holding cost of approximately $63.69 billion, at an average price of about $75,476. During the same period, the company sold 5.4292 million shares of MSTR common stock through its ATM plan, raising approximately $544.5 million; additionally, it repurchased 288,930 shares of STRC preferred stock for $25 million, leaving a remaining balance of about $975 million for the preferred stock repurchase plan. As of July 26, the company's dollar reserve balance was $3.75 billion, an increase of about $525 million from the previous week, sufficient to cover approximately 2.1 years of preferred stock dividend expenses.

Strategy Plans to Raise $544.5 Million via ATM and Repurchase $25 Million in STRC Preferred Stock

[Strategy Did Not Increase Bitcoin Holdings Last Week]On July 27, Strategy did not increase its Bitcoin holdings last week, and its dollar reserves rose to $3.75 billion, an increase of $525 million.

Strategy Did Not Increase Bitcoin Holdings Last Week

According to CoinDesk, customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a person familiar with the situation. And that number looks like it will continue to grow.
The FT had recently reported that a group of customers using cryptocurrency exchange Gemini’s Earn program, which is tied to Genesis, were owed $900 million after Genesis’ lending unit halted customer withdrawals on Nov. 16.
A second group of assorted Genesis creditors, with loans also amounting to $900 million, is being represented by law firm Proskauer Rose, a second source told CoinDesk.

Detail

【Genesis creditor groups' loans amount to $1.8B and counting】According to CoinDesk, customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a person familiar with the situation. And that number looks like it will continue to grow.
The FT had recently reported that a group of customers using cryptocurrency exchange Gemini’s Earn program, which is tied to Genesis, were owed $900 million after Genesis’ lending unit halted customer withdrawals on Nov. 16.
A second group of assorted Genesis creditors, with loans also amounting to $900 million, is being represented by law firm Proskauer Rose, a second source told CoinDesk.

Genesis creditor groups' loans amount to $1.8B and counting

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Genesis creditor groups' loans amount to $1.8B and counting

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

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