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On July 27, both U.S. and Brent crude oil extended their intraday losses to 8%, with WTI crude falling below $82 per barrel and Brent crude currently at $85.58 per barrel.

[U.S., Brent Crude Oil Plunge 8% Intraday]On July 27, both U.S. and Brent crude oil extended their intraday losses to 8%, with WTI crude falling below $82 per barrel and Brent crude currently at $85.58 per barrel.

U.S., Brent Crude Oil Plunge 8% Intraday

On July 27, according to Lookonchain monitoring, over the past two hours, three newly created wallets (likely belonging to the same whale) spent 50.04 million DAI to purchase 25,425 ETH at an average price of $1,968 per ETH.

[Three New Wallets Likely from Same Whale Acquire Over $50M in ETH]On July 27, according to Lookonchain monitoring, over the past two hours, three newly created wallets (likely belonging to the same whale) spent 50.04 million DAI to purchase 25,425 ETH at an average price of $1,968 per ETH.

Three New Wallets Likely from Same Whale Acquire Over $50M in ETH

According to monitoring by Beating, OpenAI and Anthropic employees discussed on X that once open-source models catch up to the strongest closed-source models, automated attack capabilities will no longer be under platform control. However, former Anthropic employee Noah Lebovic said that currently, real hackers are primarily using Claude Code and Codex. Some attackers he knows purchase discounted subscription tokens from gray and black markets. When their accounts are banned, they simply switch to new accounts. Closed-source models are more capable and have lower subscription prices; security restrictions are just a hurdle to bypass. Legitimate security teams, on the other hand, rely more on open-source models. They cannot jailbreak in violation of rules, nor can they constantly switch accounts. Real vulnerabilities, attack commands, and exploit code easily trigger interception by closed-source models. Lebovic stated that he knows three authorized penetration testing teams that have adopted GLM 5.2 as their primary model. Lebovic previously used Opus 4.6 in authorized testing to take over a bank account and read medical records. He believes that existing guardrails are more effective at stopping rule-abiding defenders, while those with malicious intent can still bypass them.

[Former Anthropic Employee: Hackers Use Claude and Codex, White Hats Use Open Source Models]According to monitoring by Beating, OpenAI and Anthropic employees discussed on X that once open-source models catch up to the strongest closed-source models, automated attack capabilities will no longer be under platform control. However, former Anthropic employee Noah Lebovic said that currently, real hackers are primarily using Claude Code and Codex. Some attackers he knows purchase discounted subscription tokens from gray and black markets. When their accounts are banned, they simply switch to new accounts. Closed-source models are more capable and have lower subscription prices; security restrictions are just a hurdle to bypass. Legitimate security teams, on the other hand, rely more on open-source models. They cannot jailbreak in violation of rules, nor can they constantly switch accounts. Real vulnerabilities, attack commands, and exploit code easily trigger interception by closed-source models. Lebovic stated that he knows three authorized penetration testing teams that have adopted GLM 5.2 as their primary model. Lebovic previously used Opus 4.6 in authorized testing to take over a bank account and read medical records. He believes that existing guardrails are more effective at stopping rule-abiding defenders, while those with malicious intent can still bypass them.

Former Anthropic Employee: Hackers Use Claude and Codex, White Hats Use Open Source Models

On July 27, Bitcoin ETFs listed in the U.S. experienced significant outflows at the end of last week, highlighting the fragility of Bitcoin's recent rebound. More than $465 million was withdrawn from spot Bitcoin ETFs on July 23 and 24, ending a seven-day streak of inflows, as concerns over a potential Federal Reserve rate hike overshadowed the positive momentum generated by the recent Clarity Act. Despite the massive outflows over the past two trading days, Bitcoin ETFs still recorded net inflows of $33.8 million for the week overall. This marks the third consecutive week of inflows, reversing a previous trend of eight weeks of outflows totaling $8.3 billion.

[Bitcoin ETF Inflows Halt Amid Fed Rate Hike Concerns]On July 27, Bitcoin ETFs listed in the U.S. experienced significant outflows at the end of last week, highlighting the fragility of Bitcoin's recent rebound. More than $465 million was withdrawn from spot Bitcoin ETFs on July 23 and 24, ending a seven-day streak of inflows, as concerns over a potential Federal Reserve rate hike overshadowed the positive momentum generated by the recent Clarity Act. Despite the massive outflows over the past two trading days, Bitcoin ETFs still recorded net inflows of $33.8 million for the week overall. This marks the third consecutive week of inflows, reversing a previous trend of eight weeks of outflows totaling $8.3 billion.

Bitcoin ETF Inflows Halt Amid Fed Rate Hike Concerns

On July 27, senior macroeconomist and head of research at Goldmoney, Alasdair Macleod, warned that the current valuation bubble in U.S. stocks may have surpassed the level seen on the eve of the Great Depression in 1929, and financial markets are facing the risk of an "ultimate total crash." Macleod stated that imbalances in the U.S. Treasury market, reduced allocations from overseas buyers, and rising U.S. debt pressures could drive yields higher and eventually impact stock valuations. He believes that if market confidence reverses, the S&P 500 index could face a value drawdown of more than 90%. The scale of U.S. debt continues to climb, with financing and refinancing pressures of approximately $10 trillion to $11 trillion over the next 12 months. As buyers of U.S. Treasuries dwindle, the Federal Reserve may be forced to expand its balance sheet and print money to stabilize markets, further weakening the purchasing power of fiat currency. Macleod argues that modern financial assets are inherently dependent on the credit system, with stocks, bank deposits, and U.S. dollars all carrying a certain degree of counterparty risk. In contrast, gold and silver, as physical assets independent of government credit, could become safe-haven choices in an environment of extreme financial risk.

[Analysis: U.S. Stock Bubble May Surpass 1929, S&P 500 Faces Extreme Correction, Gold and Silver as Safe Havens]On July 27, senior macroeconomist and head of research at Goldmoney, Alasdair Macleod, warned that the current valuation bubble in U.S. stocks may have surpassed the level seen on the eve of the Great Depression in 1929, and financial markets are facing the risk of an "ultimate total crash." Macleod stated that imbalances in the U.S. Treasury market, reduced allocations from overseas buyers, and rising U.S. debt pressures could drive yields higher and eventually impact stock valuations. He believes that if market confidence reverses, the S&P 500 index could face a value drawdown of more than 90%. The scale of U.S. debt continues to climb, with financing and refinancing pressures of approximately $10 trillion to $11 trillion over the next 12 months. As buyers of U.S. Treasuries dwindle, the Federal Reserve may be forced to expand its balance sheet and print money to stabilize markets, further weakening the purchasing power of fiat currency. Macleod argues that modern financial assets are inherently dependent on the credit system, with stocks, bank deposits, and U.S. dollars all carrying a certain degree of counterparty risk. In contrast, gold and silver, as physical assets independent of government credit, could become safe-haven choices in an environment of extreme financial risk.

Analysis: U.S. Stock Bubble May Surpass 1929, S&P 500 Faces Extreme Correction, Gold and Silver as Safe Havens

On July 27, 'Liang Wenfeng's IPO Subscription in Changxin Technology Yields Paper Profit of 827 Million Yuan' trended on Weibo, currently ranking 15th. It is reported that private equity funds under DeepSeek founder Liang Wenfeng participated in the IPO subscription of Changxin Technology, generating a paper profit of approximately 827 million yuan on the first day of trading. Specifically, 153 funds under Ningbo High-Flyer Quantitative Investment and 41 funds under Zhejiang Jiuzhang Asset Management appeared on the IPO inquiry list of Changxin Technology. On its debut, Changxin Technology's stock price surged, and based on the allocated shares and the first-day price, the paper profit for the relevant private equity products under Liang Wenfeng amounted to about 827 million yuan. It is important to note that this gain is a book profit from fund holdings and does not represent Liang Wenfeng's personal realized income.

[Liang Wenfeng's IPO Subscription in Changxin Technology Yields Paper Profit of 827 Million Yuan]On July 27, 'Liang Wenfeng's IPO Subscription in Changxin Technology Yields Paper Profit of 827 Million Yuan' trended on Weibo, currently ranking 15th. It is reported that private equity funds under DeepSeek founder Liang Wenfeng participated in the IPO subscription of Changxin Technology, generating a paper profit of approximately 827 million yuan on the first day of trading. Specifically, 153 funds under Ningbo High-Flyer Quantitative Investment and 41 funds under Zhejiang Jiuzhang Asset Management appeared on the IPO inquiry list of Changxin Technology. On its debut, Changxin Technology's stock price surged, and based on the allocated shares and the first-day price, the paper profit for the relevant private equity products under Liang Wenfeng amounted to about 827 million yuan. It is important to note that this gain is a book profit from fund holdings and does not represent Liang Wenfeng's personal realized income.

Liang Wenfeng's IPO Subscription in Changxin Technology Yields Paper Profit of 827 Million Yuan

On July 27, according to Ember monitoring, half an hour ago, a whale bought 18,030 ETH with 35.85 million DAI on-chain, at an average price of $1,988.

[Whale Buys 18,030 ETH with 35.85M DAI Half an Hour Ago]On July 27, according to Ember monitoring, half an hour ago, a whale bought 18,030 ETH with 35.85 million DAI on-chain, at an average price of $1,988.

Whale Buys 18,030 ETH with 35.85M DAI Half an Hour Ago

According to Beating monitoring, Tencent has officially launched a new version of QQ Pet on mobile QQ. The original version was shut down in 2018, and after nearly 8 years, it has returned in the form of 3D cute pets, integrated with Tencent's Hy3 large model. Android and iOS users can search for 'QQ Pet' within QQ to claim it. The new version retains classic gameplay such as feeding, bathing, working, and studying. Users can choose the pet's appearance and personality, and it will proactively respond to its owner. Pets can also change outfits and interact via taps. The pet will also appear in the chat list and chat boxes. Users can visit friends' homes, feed and bathe their pets, and even continue the 'spark' interaction. However, when it was shut down in 2018, all old account and character data were cleared. This time users receive a new pet; the one they raised back then is gone forever.

[QQ Pet returns after nearly 8 years of shutdown, integrated with Hy3 large model]According to Beating monitoring, Tencent has officially launched a new version of QQ Pet on mobile QQ. The original version was shut down in 2018, and after nearly 8 years, it has returned in the form of 3D cute pets, integrated with Tencent's Hy3 large model. Android and iOS users can search for 'QQ Pet' within QQ to claim it. The new version retains classic gameplay such as feeding, bathing, working, and studying. Users can choose the pet's appearance and personality, and it will proactively respond to its owner. Pets can also change outfits and interact via taps. The pet will also appear in the chat list and chat boxes. Users can visit friends' homes, feed and bathe their pets, and even continue the 'spark' interaction. However, when it was shut down in 2018, all old account and character data were cleared. This time users receive a new pet; the one they raised back then is gone forever.

QQ Pet returns after nearly 8 years of shutdown, integrated with Hy3 large model

On July 27, Tesla CEO Elon Musk called the humanoid robot the company's 'most important product ever.' However, a prominent U.S. investor recently warned that Musk's commercial success for the Tesla Optimus robot may take a long time, as it is not only difficult to manufacture but also unlikely to generate revenue in the near term. Ross Gerber, CEO of investment firm Gerber Kawasaki, said the biggest hurdle in building a humanoid robot is replicating the unique physical capabilities of humans. Gerber also questioned the business opportunity for consumer-focused humanoid robots, stating that the level of investment does not match the short-term revenue potential.

[Tesla Optimus Project Doused: Top Investor Warns No Near-Term Revenue]On July 27, Tesla CEO Elon Musk called the humanoid robot the company's 'most important product ever.' However, a prominent U.S. investor recently warned that Musk's commercial success for the Tesla Optimus robot may take a long time, as it is not only difficult to manufacture but also unlikely to generate revenue in the near term. Ross Gerber, CEO of investment firm Gerber Kawasaki, said the biggest hurdle in building a humanoid robot is replicating the unique physical capabilities of humans. Gerber also questioned the business opportunity for consumer-focused humanoid robots, stating that the level of investment does not match the short-term revenue potential.

Tesla Optimus Project Doused: Top Investor Warns No Near-Term Revenue

Volatility is unlikely to disappear in the coming months as the Federal Reserve prepares to accelerate the drawdown of its massive $9 trillion balance sheet or implement so-called quantitative tightening in September, Kaiko researchers wrote in a report. Combined with rising interest rates and a data-driven approach to monetary policy, this could put additional pressure on risky assets. Jeff Dorman, chief investment officer at asset manager Arca, says we are as data-dependent as the Fed right now, which means traders will be evaluating corporate earnings reports as well as employment and other economic data in the coming weeks. Bitcoin has no cash flow, it's not acting as a hedge against inflation, it's not acting uncorrelated, it's not doing anything it was meant to do, so until you get a new narrative for Bitcoin, I think it will continue to lag the market.

Detail

【Kaiko Research: BTC traders must rely on data, just like central banks】Volatility is unlikely to disappear in the coming months as the Federal Reserve prepares to accelerate the drawdown of its massive $9 trillion balance sheet or implement so-called quantitative tightening in September, Kaiko researchers wrote in a report. Combined with rising interest rates and a data-driven approach to monetary policy, this could put additional pressure on risky assets. Jeff Dorman, chief investment officer at asset manager Arca, says we are as data-dependent as the Fed right now, which means traders will be evaluating corporate earnings reports as well as employment and other economic data in the coming weeks. Bitcoin has no cash flow, it's not acting as a hedge against inflation, it's not acting uncorrelated, it's not doing anything it was meant to do, so until you get a new narrative for Bitcoin, I think it will continue to lag the market.

Kaiko Research: BTC traders must rely on data, just like central banks

Hyperliquid First Discloses HIP-4 Permissionless Deployment Specifications: Threshold Aligns with HIP-3, but Adds a Template Approval Layer

Bitcoin Consolidates for Next Move, HYPE Restarts Bearish Trend | Guest Analysis

Avalanche: Why AVAX is stalling despite a 20x surge in daily transactions

Zhongji Innolight Leads Investment in a Tsinghua '90s Postgraduate

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

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

Kaiko Research: BTC traders must rely on data, just like central banks

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