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On July 29, Bitunix officially launched the 'Trading King Challenge' individual trading competition, running from July 28 to August 12 (UTC+0). All registered users on the platform are eligible to participate. The competition features two leaderboards: trading volume and return rate, with prize pools accounting for 80% (560,000 USDT) and 20% (140,000 USDT) respectively. A valid contract trading volume of 50,000 USDT is required to qualify for rewards. If a user appears on both leaderboards, the higher reward will be awarded. As the platform's contract trading ecosystem continues to grow, Bitunix is giving back to the community with a prize pool of up to 700,000 USDT, inviting global traders to compete and strive for the crown.

[Bitunix Trading King Challenge Officially Launches with 700,000 USDT Prize Pool]On July 29, Bitunix officially launched the 'Trading King Challenge' individual trading competition, running from July 28 to August 12 (UTC+0). All registered users on the platform are eligible to participate. The competition features two leaderboards: trading volume and return rate, with prize pools accounting for 80% (560,000 USDT) and 20% (140,000 USDT) respectively. A valid contract trading volume of 50,000 USDT is required to qualify for rewards. If a user appears on both leaderboards, the higher reward will be awarded. As the platform's contract trading ecosystem continues to grow, Bitunix is giving back to the community with a prize pool of up to 700,000 USDT, inviting global traders to compete and strive for the crown.

Bitunix Trading King Challenge Officially Launches with 700,000 USDT Prize Pool

On July 29, according to BIT (Bit.com) market data, U.S. stock pre-market semiconductor stocks continued their recent decline. SK Hynix (SKHY.O) fell 1.9%, Micron Technology (MU.O) fell 1.6%, SanDisk (SNDK.O) fell 2.3%, and Nvidia (NVDA.O) fell 0.3%.

[U.S. Stock Pre-Market: Semiconductor Stocks Extend Recent Decline; SK Hynix Down 1.9%]On July 29, according to BIT (Bit.com) market data, U.S. stock pre-market semiconductor stocks continued their recent decline. SK Hynix (SKHY.O) fell 1.9%, Micron Technology (MU.O) fell 1.6%, SanDisk (SNDK.O) fell 2.3%, and Nvidia (NVDA.O) fell 0.3%.

U.S. Stock Pre-Market: Semiconductor Stocks Extend Recent Decline; SK Hynix Down 1.9%

On July 29, according to South Korean lawmaker Yoo Dong-soo, South Korean financial authorities held an emergency meeting today, which is set to start at 6:00 PM local time (17:00 Beijing time). (Jin Shi)

[Emergency Meeting Called by South Korean Financial Authorities to Start at 17:00 Beijing Time]On July 29, according to South Korean lawmaker Yoo Dong-soo, South Korean financial authorities held an emergency meeting today, which is set to start at 6:00 PM local time (17:00 Beijing time). (Jin Shi)

Emergency Meeting Called by South Korean Financial Authorities to Start at 17:00 Beijing Time

On July 29, SK Hynix fell nearly 5% to $123.71 in US pre-market trading. In the Korean market today, SK Hynix closed down 9.6%, after falling nearly 20% at one point during the session, the largest intraday decline on record, and a 53% retreat from its June high. On the news front, SK Hynix reported results this morning showing that second-quarter operating profit surged 557% year-on-year to 60.5 trillion won, and revenue rose 257% to 79.3 trillion won, both setting quarterly records, but still falling short of analyst expectations. Market concerns deepened over whether AI chip demand can sustain the high valuation.

[SK Hynix Falls Nearly 5% in US Pre-market Trading]On July 29, SK Hynix fell nearly 5% to $123.71 in US pre-market trading. In the Korean market today, SK Hynix closed down 9.6%, after falling nearly 20% at one point during the session, the largest intraday decline on record, and a 53% retreat from its June high. On the news front, SK Hynix reported results this morning showing that second-quarter operating profit surged 557% year-on-year to 60.5 trillion won, and revenue rose 257% to 79.3 trillion won, both setting quarterly records, but still falling short of analyst expectations. Market concerns deepened over whether AI chip demand can sustain the high valuation.

SK Hynix Falls Nearly 5% in US Pre-market Trading

July 29, market news: Moonshot AI has raised $3.5 billion in a just-completed funding round, exceeding expectations, with a valuation of $35 billion. (Jin Shi)

[Moonshot AI Raises $3.5 Billion in New Funding Round, Valuation Reaches $35 Billion]July 29, market news: Moonshot AI has raised $3.5 billion in a just-completed funding round, exceeding expectations, with a valuation of $35 billion. (Jin Shi)

Moonshot AI Raises $3.5 Billion in New Funding Round, Valuation Reaches $35 Billion

On July 29, crypto lending platform Nexo partnered with two MiCAR-licensed entities to ensure continued service provision in the EU. Nexo reaffirmed that its products were fully compliant with European Economic Area (EEA) regulations prior to the full implementation of MiCA (Markets in Crypto-Assets Regulation). This compliance status was achieved through two licensed partners—Tangany (responsible for MiCAR custody services) and DLT Finance (responsible for MiCAR/MiFID II brokerage services)—with no disruption to services during the period.

[Nexo Continues EEA Services via Licensed Third Parties]On July 29, crypto lending platform Nexo partnered with two MiCAR-licensed entities to ensure continued service provision in the EU. Nexo reaffirmed that its products were fully compliant with European Economic Area (EEA) regulations prior to the full implementation of MiCA (Markets in Crypto-Assets Regulation). This compliance status was achieved through two licensed partners—Tangany (responsible for MiCAR custody services) and DLT Finance (responsible for MiCAR/MiFID II brokerage services)—with no disruption to services during the period.

Nexo Continues EEA Services via Licensed Third Parties

On July 29, the head of South Korea's primary financial regulatory body publicly apologized over a controversy surrounding single-stock leveraged exchange-traded funds (ETFs). Earlier, some investors and market participants argued that such products had exacerbated market volatility and led to significant losses in investor wealth. Lee Bok-hyun, Chairman of the Financial Services Commission, expressed regret that the regulator had failed to meet public trust in multiple aspects. Lee Chan-jin, head of the Financial Supervisory Service, stated that regulators are doing their utmost to restore market trust.

[South Korea's Top Financial Regulator Apologizes Over Leveraged ETF Controversy, Vows to Restore Market Trust]On July 29, the head of South Korea's primary financial regulatory body publicly apologized over a controversy surrounding single-stock leveraged exchange-traded funds (ETFs). Earlier, some investors and market participants argued that such products had exacerbated market volatility and led to significant losses in investor wealth. Lee Bok-hyun, Chairman of the Financial Services Commission, expressed regret that the regulator had failed to meet public trust in multiple aspects. Lee Chan-jin, head of the Financial Supervisory Service, stated that regulators are doing their utmost to restore market trust.

South Korea's Top Financial Regulator Apologizes Over Leveraged ETF Controversy, Vows to Restore Market Trust

According to monitoring by Dongcha Beating, OpenAI has released two speech-to-text models: GPT Transcribe and GPT Live Transcribe. The former handles recorded audio files and batch tasks, while the latter is designed for real-time scenarios such as live captions and phone calls. Both models incorporate context, keywords, and language hints to enhance recognition accuracy for short phrases, numbers, technical terms, multiple accents, and noisy environments. Artificial Analysis measured a word error rate of 3.31% for GPT Transcribe, 0.7 percentage points lower than the previous GPT-4o Transcribe model. The price has also been reduced by 25%, with a charge of $4.5 per 1,000 minutes of audio.

[OpenAI Launches Two Speech-to-Text Models with 25% Price Reduction]According to monitoring by Dongcha Beating, OpenAI has released two speech-to-text models: GPT Transcribe and GPT Live Transcribe. The former handles recorded audio files and batch tasks, while the latter is designed for real-time scenarios such as live captions and phone calls. Both models incorporate context, keywords, and language hints to enhance recognition accuracy for short phrases, numbers, technical terms, multiple accents, and noisy environments. Artificial Analysis measured a word error rate of 3.31% for GPT Transcribe, 0.7 percentage points lower than the previous GPT-4o Transcribe model. The price has also been reduced by 25%, with a charge of $4.5 per 1,000 minutes of audio.

OpenAI Launches Two Speech-to-Text Models with 25% Price Reduction

On July 29, CryptoQuant analyst Axel Adler stated that Bitcoin is currently trading around $64,000, with prices continuing to weaken. However, on-chain data shows that exchange fund flows remain neutral, with no clear signs of selling pressure. Bitcoin's 30-day exchange inflow volume stands at approximately 60,000 BTC, about 24% lower than the average over the past year and near historical lows, indicating that potential sell-side supply entering exchanges has not increased. Meanwhile, the netflow on exchanges is roughly -1,300 BTC, close to the zero axis, suggesting that inflows and outflows are largely balanced. Exchanges have neither seen significant accumulation of coins nor experienced liquidity contraction from large-scale withdrawals. Axel Adler noted that if exchange inflows continue to rise and netflow turns consistently positive, it would indicate increasing selling pressure. Conversely, if netflow remains negative and exchange Bitcoin balances significantly decline, it could lead to liquidity contraction, supporting prices. Currently, neither scenario has occurred. Exchange fund flow data has neither confirmed stronger selling pressure nor formed the supply tightness needed to drive prices higher.

[Analysis: Bitcoin Exchange Inflows Near Multi-Year Low, Current Decline Not Yet Confirmed by Selling Pressure]On July 29, CryptoQuant analyst Axel Adler stated that Bitcoin is currently trading around $64,000, with prices continuing to weaken. However, on-chain data shows that exchange fund flows remain neutral, with no clear signs of selling pressure. Bitcoin's 30-day exchange inflow volume stands at approximately 60,000 BTC, about 24% lower than the average over the past year and near historical lows, indicating that potential sell-side supply entering exchanges has not increased. Meanwhile, the netflow on exchanges is roughly -1,300 BTC, close to the zero axis, suggesting that inflows and outflows are largely balanced. Exchanges have neither seen significant accumulation of coins nor experienced liquidity contraction from large-scale withdrawals. Axel Adler noted that if exchange inflows continue to rise and netflow turns consistently positive, it would indicate increasing selling pressure. Conversely, if netflow remains negative and exchange Bitcoin balances significantly decline, it could lead to liquidity contraction, supporting prices. Currently, neither scenario has occurred. Exchange fund flow data has neither confirmed stronger selling pressure nor formed the supply tightness needed to drive prices higher.

Analysis: Bitcoin Exchange Inflows Near Multi-Year Low, Current Decline Not Yet Confirmed by Selling Pressure

On July 22, U.S. Trade Representative Jamieson Greer hinted in a media interview on the 21st that the federal government will soon introduce a new tariff policy to replace the expiring 10% global import tariff. Greer said he cannot provide a specific timeline for the announcement of the new tariff policy at this time, and that it will need to be communicated to Congress and other stakeholders before formal announcement.

[U.S. Trade Representative Signals Imminent New Tariff Policy]On July 22, U.S. Trade Representative Jamieson Greer hinted in a media interview on the 21st that the federal government will soon introduce a new tariff policy to replace the expiring 10% global import tariff. Greer said he cannot provide a specific timeline for the announcement of the new tariff policy at this time, and that it will need to be communicated to Congress and other stakeholders before formal announcement.

U.S. Trade Representative Signals Imminent New Tariff Policy

Bitcoin short-term holder losses narrow to 4%: Structure builds for BTC’s rebound

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U.S. Trade Representative Signals Imminent New Tariff Policy

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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