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SpaceX (SPCX.O) shares have reached an all-time low since their IPO, currently down about 4%, trading at $110.30.

[SpaceX Shares Hit All-Time Low Since IPO, Down Approximately 4%]SpaceX (SPCX.O) shares have reached an all-time low since their IPO, currently down about 4%, trading at $110.30.

SpaceX Shares Hit All-Time Low Since IPO, Down Approximately 4%

On July 27, Futu Clearing, a U.S. clearing entity under Futu Securities, and TradeUP, a U.S. brokerage entity under Tiger Brokers, provided information on over 310 accounts suspected of participating in options insider trading to the relevant plaintiffs in the lawsuit. Reports indicate that the number of involved accounts has increased from approximately 100 to 310. Despite the large number of accounts, illegal profits are highly concentrated, with preliminary analysis showing that only 8 traders have profited over $80 million from the related trades, accounting for nearly 60% of the plaintiffs' estimated total illegal profits of $137 million. It is understood that these traders are accused of making large purchases of short-term options related to Futu and Tiger Brokers before regulatory agencies issued corrective documents to the brokerages. Subsequently, the related accounts were locked. Currently, not all account holders have been formally named as defendants, and participation in the related trades does not equate to a determination of insider trading. The case is still under further investigation and litigation.

[Futu's 'Mouse Warehouse' Involves 310 Accounts, 8 Traders Profit Over $80 Million]On July 27, Futu Clearing, a U.S. clearing entity under Futu Securities, and TradeUP, a U.S. brokerage entity under Tiger Brokers, provided information on over 310 accounts suspected of participating in options insider trading to the relevant plaintiffs in the lawsuit. Reports indicate that the number of involved accounts has increased from approximately 100 to 310. Despite the large number of accounts, illegal profits are highly concentrated, with preliminary analysis showing that only 8 traders have profited over $80 million from the related trades, accounting for nearly 60% of the plaintiffs' estimated total illegal profits of $137 million. It is understood that these traders are accused of making large purchases of short-term options related to Futu and Tiger Brokers before regulatory agencies issued corrective documents to the brokerages. Subsequently, the related accounts were locked. Currently, not all account holders have been formally named as defendants, and participation in the related trades does not equate to a determination of insider trading. The case is still under further investigation and litigation.

Futu's 'Mouse Warehouse' Involves 310 Accounts, 8 Traders Profit Over $80 Million

On July 27, Michael Saylor, founder of Strategy, stated that the company has repurchased 288,930 shares of STRC preferred stock, with a total transaction amount of approximately $25 million and an average repurchase price of $86.52 per share. Saylor indicated that Strategy plans to continue as a 'regular and disciplined buyer,' repurchasing shares when the STRC price is below $100; they will increase buying intensity when the price is significantly below $100 and reduce repurchase scale as it approaches $100. Currently, Strategy has about $975 million available for preferred stock repurchases. Saylor mentioned that the funds for the STRC buyback will not use dollar reserves but will be raised through the sale of MSTR stock and Bitcoin (BTC) based on market conditions. The company's goal is to stabilize the STRC price around $100 while maintaining high liquidity, low volatility, and healthy sustainable independent market demand. He emphasized that Strategy will not issue new shares when STRC is below $100.

[Michael Saylor: Strategy Will Not Issue New Shares Below $100 for STRC]On July 27, Michael Saylor, founder of Strategy, stated that the company has repurchased 288,930 shares of STRC preferred stock, with a total transaction amount of approximately $25 million and an average repurchase price of $86.52 per share. Saylor indicated that Strategy plans to continue as a 'regular and disciplined buyer,' repurchasing shares when the STRC price is below $100; they will increase buying intensity when the price is significantly below $100 and reduce repurchase scale as it approaches $100. Currently, Strategy has about $975 million available for preferred stock repurchases. Saylor mentioned that the funds for the STRC buyback will not use dollar reserves but will be raised through the sale of MSTR stock and Bitcoin (BTC) based on market conditions. The company's goal is to stabilize the STRC price around $100 while maintaining high liquidity, low volatility, and healthy sustainable independent market demand. He emphasized that Strategy will not issue new shares when STRC is below $100.

Michael Saylor: Strategy Will Not Issue New Shares Below $100 for STRC

On July 27, the S&P 500 Bank Index reached an all-time high, rising 1.3%.

[S&P 500 Bank Index Reaches All-Time High]On July 27, the S&P 500 Bank Index reached an all-time high, rising 1.3%.

S&P 500 Bank Index Reaches All-Time High

On July 27, according to BIT (bit.com) market data, U.S. stock indices opened higher, with the Dow Jones up 0.9%, the S&P 500 up 0.7%, and the Nasdaq up 1%. Storage concept stocks rose, with SK Hynix (SKHY.O) increasing by over 2% and SanDisk (SNDK.O) up 1%.

[U.S. Stock Indices Open Higher, Storage Stocks Rise, SK Hynix Up Over 2%]On July 27, according to BIT (bit.com) market data, U.S. stock indices opened higher, with the Dow Jones up 0.9%, the S&P 500 up 0.7%, and the Nasdaq up 1%. Storage concept stocks rose, with SK Hynix (SKHY.O) increasing by over 2% and SanDisk (SNDK.O) up 1%.

U.S. Stock Indices Open Higher, Storage Stocks Rise, SK Hynix Up Over 2%

On July 27, stablecoin issuer Circle announced that it has acquired nearly 1,000 authorized blockchain-related patents from IBM. Following the completion of the transaction, Circle will become one of the largest blockchain patent holders in the United States. The acquisition involves over 680 patent families, covering areas such as blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and cloud security. Details regarding the transaction amount and whether IBM retains any licensing rights to the related patents have not been disclosed. Circle stated that these intellectual property assets will be used to support the development of USDC, the Circle Payments Network, the Arc blockchain, and financial tools aimed at AI agents. Both parties also plan to further explore commercial collaboration opportunities. Circle's General Counsel, Sarah Wilson, emphasized that intellectual property is crucial for advancing on-chain infrastructure development and scaling applications. Previously, IBM has consistently ranked among the top blockchain patent holders in the U.S. According to patent analysis firm PatSnap, as of the end of 2025, IBM holds approximately 790 blockchain patents. Circle obtained its first blockchain patent in December 2023 and had previously joined the LOT Network to reduce patent litigation risks. This acquisition further strengthens Circle's technological reserves in the blockchain infrastructure sector.

[Circle Acquires Nearly 1,000 Blockchain Patents from IBM, Becomes Largest Blockchain Patent Holder in the U.S.]On July 27, stablecoin issuer Circle announced that it has acquired nearly 1,000 authorized blockchain-related patents from IBM. Following the completion of the transaction, Circle will become one of the largest blockchain patent holders in the United States. The acquisition involves over 680 patent families, covering areas such as blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and cloud security. Details regarding the transaction amount and whether IBM retains any licensing rights to the related patents have not been disclosed. Circle stated that these intellectual property assets will be used to support the development of USDC, the Circle Payments Network, the Arc blockchain, and financial tools aimed at AI agents. Both parties also plan to further explore commercial collaboration opportunities. Circle's General Counsel, Sarah Wilson, emphasized that intellectual property is crucial for advancing on-chain infrastructure development and scaling applications. Previously, IBM has consistently ranked among the top blockchain patent holders in the U.S. According to patent analysis firm PatSnap, as of the end of 2025, IBM holds approximately 790 blockchain patents. Circle obtained its first blockchain patent in December 2023 and had previously joined the LOT Network to reduce patent litigation risks. This acquisition further strengthens Circle's technological reserves in the blockchain infrastructure sector.

Circle Acquires Nearly 1,000 Blockchain Patents from IBM, Becomes Largest Blockchain Patent Holder in the U.S.

On July 27, Southern Eastern Ying announced that in response to the recent revisions by the Hong Kong Securities and Futures Commission and market changes, multiple leveraged and inverse products will undergo optimization adjustments starting from August 3, 2026, adopting a flexible leverage structure. After the adjustment, the leverage multiples of the products will be dynamically adjusted daily based on market conditions, with a maximum not exceeding 2x or -2x. Previously fixed 2x leveraged products will change to a 'maximum 2x leverage' model, meaning that in extreme market conditions, the actual leverage may be reduced to around 1.1x. Additionally, some product names will be adjusted, for example, the 'Southern Eastern Ying Berkshire Daily Leveraged (2x) Product' will be renamed to 'Southern Eastern Ying Berkshire Daily Leveraged Maximum (2x) Product.' Southern Eastern Ying stated that fund managers will announce the target leverage multiple for the next trading day after market close each day, and investors should pay attention to changes in product structure and related risks. Industry insiders pointed out that this adjustment primarily responds to regulatory requirements and aims to reduce the risk exposure of high-leverage products in extreme market conditions. For investors, the future yield elasticity of leveraged ETFs may be lower than during the previous fixed 2x leverage period.

[Southern Eastern Ying Adjusts Leveraged and Inverse Products: Fixed 2x Leverage Changed to Maximum 2x]On July 27, Southern Eastern Ying announced that in response to the recent revisions by the Hong Kong Securities and Futures Commission and market changes, multiple leveraged and inverse products will undergo optimization adjustments starting from August 3, 2026, adopting a flexible leverage structure. After the adjustment, the leverage multiples of the products will be dynamically adjusted daily based on market conditions, with a maximum not exceeding 2x or -2x. Previously fixed 2x leveraged products will change to a 'maximum 2x leverage' model, meaning that in extreme market conditions, the actual leverage may be reduced to around 1.1x. Additionally, some product names will be adjusted, for example, the 'Southern Eastern Ying Berkshire Daily Leveraged (2x) Product' will be renamed to 'Southern Eastern Ying Berkshire Daily Leveraged Maximum (2x) Product.' Southern Eastern Ying stated that fund managers will announce the target leverage multiple for the next trading day after market close each day, and investors should pay attention to changes in product structure and related risks. Industry insiders pointed out that this adjustment primarily responds to regulatory requirements and aims to reduce the risk exposure of high-leverage products in extreme market conditions. For investors, the future yield elasticity of leveraged ETFs may be lower than during the previous fixed 2x leverage period.

Southern Eastern Ying Adjusts Leveraged and Inverse Products: Fixed 2x Leverage Changed to Maximum 2x

On July 27, according to data from Yu Jin Monitoring, MicroStrategy did not sell any BTC last week but increased its cash reserves by approximately $525 million through stock sales, currently holding about $3.75 billion in cash, which can cover around 25 months of interest expenses. It is not expected to continue purchasing Bitcoin in the short term. The Ethereum treasury company Bitmine purchased 9,946 ETH last week at an average price of approximately $1,897, amounting to about $18.87 million, maintaining its weekly buying pace since the treasury's inception. Currently, MicroStrategy holds a total of 843,775 BTC, with an unrealized loss of approximately 13.9%; Bitmine holds 5,787,414 ETH, with an unrealized loss of approximately 42.2%.

[MicroStrategy and Bitmine Report Significant Unrealized Losses]On July 27, according to data from Yu Jin Monitoring, MicroStrategy did not sell any BTC last week but increased its cash reserves by approximately $525 million through stock sales, currently holding about $3.75 billion in cash, which can cover around 25 months of interest expenses. It is not expected to continue purchasing Bitcoin in the short term. The Ethereum treasury company Bitmine purchased 9,946 ETH last week at an average price of approximately $1,897, amounting to about $18.87 million, maintaining its weekly buying pace since the treasury's inception. Currently, MicroStrategy holds a total of 843,775 BTC, with an unrealized loss of approximately 13.9%; Bitmine holds 5,787,414 ETH, with an unrealized loss of approximately 42.2%.

MicroStrategy and Bitmine Report Significant Unrealized Losses

Michael Saylor stated that the repurchase funds for STRC will not come from dollar reserves, but will be raised through the sale of MSTR stock and Bitcoin based on market conditions. The goal is to drive STRC to trade close to the $100 level, while maintaining high liquidity, low volatility, and healthy, sustainable independent demand. Additionally, the company will not issue STRC at a price below $100.

[Michael Saylor: STRC Will Not Be Issued Below $100]Michael Saylor stated that the repurchase funds for STRC will not come from dollar reserves, but will be raised through the sale of MSTR stock and Bitcoin based on market conditions. The goal is to drive STRC to trade close to the $100 level, while maintaining high liquidity, low volatility, and healthy, sustainable independent demand. Additionally, the company will not issue STRC at a price below $100.

Michael Saylor: STRC Will Not Be Issued Below $100

USPTO licensed trademark attorney Mike Kondoudis tweeted: "SonyMusic has filed a trademark application for the Columbia Records logo claiming plans to use it for:
NFT Backed Media;
Music + Podcast Production;
Artist Management + Music distribution services."

Detail

【SonyMusic files metaverse-related trademark application for Columbia Records】USPTO licensed trademark attorney Mike Kondoudis tweeted: "SonyMusic has filed a trademark application for the Columbia Records logo claiming plans to use it for:
NFT Backed Media;
Music + Podcast Production;
Artist Management + Music distribution services."

SonyMusic files metaverse-related trademark application for Columbia Records

NFTs That Can Earn Stock Tokens? What Exactly is StonkBrokers?

Zhongji Innolight Leads Investment in a Tsinghua '90s Postgraduate

Trump Relents on Ethics Provisions, 《CLARITY Act》 Makes Final Push Before Senate Recess

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?

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

SonyMusic files metaverse-related trademark application for Columbia Records

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