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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

U.S. stock indices opened higher across the board, with the Dow Jones up 1.09%, the Nasdaq up 1.1%, and the S&P 500 up 0.82%. The cloud computing sector saw gains, with Nebius rising over 4% and CoreWeave up over 3%. The storage chip sector rebounded, with SK Hynix up over 3%, SanDisk up 2%, and Western Digital up 2%.

[U.S. Stock Indices Open Higher, Cloud Computing Sector Rises]U.S. stock indices opened higher across the board, with the Dow Jones up 1.09%, the Nasdaq up 1.1%, and the S&P 500 up 0.82%. The cloud computing sector saw gains, with Nebius rising over 4% and CoreWeave up over 3%. The storage chip sector rebounded, with SK Hynix up over 3%, SanDisk up 2%, and Western Digital up 2%.

U.S. Stock Indices Open Higher, Cloud Computing Sector Rises

On July 27, the WSJ reported that NVIDIA has invested in Safe Superintelligence (SSI), an AI lab founded by former OpenAI chief scientist Ilya Sutskever. The two parties have reached a long-term cooperation agreement aimed at expanding SSI's computing resources while helping NVIDIA secure important clients in the AI sector. Both companies stated that NVIDIA made a 'massive' investment after understanding some of SSI's research progress, though the specific amount was not disclosed. As part of the collaboration, SSI will receive a significant amount of NVIDIA's flagship GPU resources, with its computing power expected to increase by an order of magnitude. Previously, SSI primarily relied on Google’s TPU chips for AI research and development. This partnership indicates that NVIDIA is further expanding its AI chip ecosystem and binding future computing demands through investments in top AI labs. SSI was established in 2024 by Ilya Sutskever, with the goal of developing 'Safe Superintelligence.' The company has previously raised about $2 billion in funding, with investors including Andreessen Horowitz and Sequoia Capital, and was valued at approximately $30 billion last year. This is not NVIDIA's first investment in an AI company founded by a former core member of OpenAI. In March of this year, NVIDIA also invested in Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, whose first AI model was trained on NVIDIA hardware. Ilya Sutskever is one of the key researchers in the field of modern artificial intelligence, having co-founded OpenAI and driven the development of large model technologies like ChatGPT. However, after leaving OpenAI, he began to question the approach of solely relying on scaling data and computing power to advance AI, shifting towards exploring new directions in superintelligence research.

[NVIDIA Invests in OpenAI Co-founder’s New AI Lab, Providing Massive GPU Support]On July 27, the WSJ reported that NVIDIA has invested in Safe Superintelligence (SSI), an AI lab founded by former OpenAI chief scientist Ilya Sutskever. The two parties have reached a long-term cooperation agreement aimed at expanding SSI's computing resources while helping NVIDIA secure important clients in the AI sector. Both companies stated that NVIDIA made a 'massive' investment after understanding some of SSI's research progress, though the specific amount was not disclosed. As part of the collaboration, SSI will receive a significant amount of NVIDIA's flagship GPU resources, with its computing power expected to increase by an order of magnitude. Previously, SSI primarily relied on Google’s TPU chips for AI research and development. This partnership indicates that NVIDIA is further expanding its AI chip ecosystem and binding future computing demands through investments in top AI labs. SSI was established in 2024 by Ilya Sutskever, with the goal of developing 'Safe Superintelligence.' The company has previously raised about $2 billion in funding, with investors including Andreessen Horowitz and Sequoia Capital, and was valued at approximately $30 billion last year. This is not NVIDIA's first investment in an AI company founded by a former core member of OpenAI. In March of this year, NVIDIA also invested in Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, whose first AI model was trained on NVIDIA hardware. Ilya Sutskever is one of the key researchers in the field of modern artificial intelligence, having co-founded OpenAI and driven the development of large model technologies like ChatGPT. However, after leaving OpenAI, he began to question the approach of solely relying on scaling data and computing power to advance AI, shifting towards exploring new directions in superintelligence research.

NVIDIA Invests in OpenAI Co-founder’s New AI Lab, Providing Massive GPU Support

On July 27, as the crypto market evolves into a 24/7 trading model, Wall Street trading institutions are re-evaluating the traditional market rule of 'weekend closures.' According to CoinDesk, perpetual contracts on crypto trading platforms are providing new risk management tools for traditional financial markets and may change the trading methods in markets such as commodities. In the past, Wall Street traders typically reduced their risk exposure before the Friday close to avoid being unable to adjust positions due to unexpected events over the weekend. However, in recent years, as the crypto market offers a 24/7 trading environment, traders have begun to hedge and discover prices on weekends through perpetual contracts on crypto platforms. During the escalation of tensions between Iran and Israel in March this year, while traditional energy markets were closed, traders turned to crypto trading platforms for crude oil-related perpetual contract trading. The decentralized trading platform Hyperliquid saw its open interest in crude oil perpetual contracts reach a historic high of $1.2 billion on Sunday, March 8. Data shows that over the past three months, the average trading volume of Hyperliquid's crude oil perpetual contracts on weekdays was about 2 to 3 times that of weekends, but the proportion of weekend trading has increased by approximately 25% since the March conflict. However, traditional financial institutions have not yet entered the crypto perpetual contract market on a large scale, mainly due to insufficient liquidity, inadequate infrastructure, and the banking and clearing systems not yet operating around the clock. Data indicates that from March to April, trading volume in crude oil perpetual contracts accounted for only about 2%-4% of the traditional crude oil futures market size. Although the total trading volume of perpetual contracts on centralized exchanges is expected to reach $62 trillion by 2025, it remains relatively limited compared to the scale of Wall Street markets. Industry insiders believe that perpetual contracts are currently mainly participated in by crypto-native institutions, quantitative trading firms, and professional retail investors, but they are becoming an important source of price signals before the opening of traditional markets. With the construction of more around-the-clock financial infrastructure, markets for stocks, commodities, and more may gradually move towards a 24/7 trading model.

[Is Wall Street Taking Weekends Off? The Crypto Market is Redefining Traditional Trading Rules]On July 27, as the crypto market evolves into a 24/7 trading model, Wall Street trading institutions are re-evaluating the traditional market rule of 'weekend closures.' According to CoinDesk, perpetual contracts on crypto trading platforms are providing new risk management tools for traditional financial markets and may change the trading methods in markets such as commodities. In the past, Wall Street traders typically reduced their risk exposure before the Friday close to avoid being unable to adjust positions due to unexpected events over the weekend. However, in recent years, as the crypto market offers a 24/7 trading environment, traders have begun to hedge and discover prices on weekends through perpetual contracts on crypto platforms. During the escalation of tensions between Iran and Israel in March this year, while traditional energy markets were closed, traders turned to crypto trading platforms for crude oil-related perpetual contract trading. The decentralized trading platform Hyperliquid saw its open interest in crude oil perpetual contracts reach a historic high of $1.2 billion on Sunday, March 8. Data shows that over the past three months, the average trading volume of Hyperliquid's crude oil perpetual contracts on weekdays was about 2 to 3 times that of weekends, but the proportion of weekend trading has increased by approximately 25% since the March conflict. However, traditional financial institutions have not yet entered the crypto perpetual contract market on a large scale, mainly due to insufficient liquidity, inadequate infrastructure, and the banking and clearing systems not yet operating around the clock. Data indicates that from March to April, trading volume in crude oil perpetual contracts accounted for only about 2%-4% of the traditional crude oil futures market size. Although the total trading volume of perpetual contracts on centralized exchanges is expected to reach $62 trillion by 2025, it remains relatively limited compared to the scale of Wall Street markets. Industry insiders believe that perpetual contracts are currently mainly participated in by crypto-native institutions, quantitative trading firms, and professional retail investors, but they are becoming an important source of price signals before the opening of traditional markets. With the construction of more around-the-clock financial infrastructure, markets for stocks, commodities, and more may gradually move towards a 24/7 trading model.

Is Wall Street Taking Weekends Off? The Crypto Market is Redefining Traditional Trading Rules

According to TheBlock, Cathie Wood's Ark Invest bought shares in Grayscale's Bitcoin Trust (GBTC) on Monday, days after the trust's discount reached a new low.
Ark purchased 315,259 shares of GBTC on Monday, according to its latest trade filing. The shares were added to the Ark Next Generation Internet ETF. The asset manager's purchase comes to over $2.8 million. This represents Ark's first GBTC purchase since July 2021.
GBTC, which has been trading at a discount since the beginning of 2021, hit a record low of 41.69% last Thursday. The ongoing price pressure in the crypto market relating to the FTX collapse put further pressure on the trust's discount. GBTC reached a new low in June during the crypto credit crisis and again in September as prices plummeted.

Detail

【Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares】According to TheBlock, Cathie Wood's Ark Invest bought shares in Grayscale's Bitcoin Trust (GBTC) on Monday, days after the trust's discount reached a new low.
Ark purchased 315,259 shares of GBTC on Monday, according to its latest trade filing. The shares were added to the Ark Next Generation Internet ETF. The asset manager's purchase comes to over $2.8 million. This represents Ark's first GBTC purchase since July 2021.
GBTC, which has been trading at a discount since the beginning of 2021, hit a record low of 41.69% last Thursday. The ongoing price pressure in the crypto market relating to the FTX collapse put further pressure on the trust's discount. GBTC reached a new low in June during the crypto credit crisis and again in September as prices plummeted.

Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares

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Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares

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