Odaily Odaily reports that according to Hyperinsight monitoring, since opening its initial SPCX long position on July 16th, the whale behind address 0x3527 has been averaging down by chasing the price decline, adding to the position daily. Currently, the whale holds a full 20x leveraged SPCX long position with an average entry price of $127.1 and a position value of approximately $12.958 million; the unrealized loss is about $1.238 million, yielding a return rate of -174.5%, with losses exceeding the initial margin of this position.

Calculated based on margin, the theoretical liquidation price is approximately $113.06, only about $2.94 away from the current price. However, this address has actually enabled a portfolio margin system. After factoring in 301,900 HYPE tokens (with approximately 60,000 recently added) as collateral, they collectively support the SPCX loss. The risk lies in the fact that when HYPE and SPCX decline simultaneously, both the collateral value and the position equity contract in two directions, and upon triggering the threshold, the system may dispose of the HYPE collateral.

As of press time, SPCX on Hyperliquid was trading at approximately $116, down 49.6% from its high of $230, and 14.1% below its IPO price of $135. Today, it fell to a low of $114.48, with the decline below the issuance price briefly widening to 15.2%.

According to data from MSX.COM, Hong Kong-listed chip stocks fluctuated downward. Hua Hong Semiconductor (01347.HK) fell over 6%, while BirenTech (09903.HK), Semiconductor Manufacturing International Corporation (00981.HK), Innoscience (02577.HK), ZTE Corporation (00763.HK), and GigaDevice (03986.HK) were among the stocks following the decline.

Odaily Odaily reports that, according to "elsewhere," it has compiled and organized 52 statements made by DeepSeek founder Liang Wenfeng during a previous meeting. Liang Wenfeng stated that DeepSeek currently has only one main line, which is the technical route towards AGI. Products are merely "byproducts" of this process. The most important direction at this stage remains the Coding Agent. Following that, the focus will be on solving continuous learning, before further achieving AI self-iteration and ultimately moving towards embodied intelligence.

In terms of commercialization, Liang Wenfeng indicated that DeepSeek does not pursue profit maximization, only obtaining reasonable profits. Open source and low pricing are both part of a "restrained" strategy. The goal is not to compete for more market share, but to increase the probability of ultimately achieving AGI. He also stated that DeepSeek has no intention of becoming the next super app, nor will it make directions such as 3D, video generation, or world models its current main focus.

When discussing major model competition, Liang Wenfeng believes that the future gap will mainly be reflected in cost, time, and user experience, with cost being the most important. He also added that maintaining team stability is the company's "only non-negotiable" matter.

Odaily Odaily reports, according to official announcements, Bitget has listed three stock perpetual contracts: SHAZ (SharonAI), SOFI (SoFi Technologies), and PENG (Penguin Solutions).

These contracts are settled in USDT, support up to 20x leverage, and offer 7×24 trading. As of now, Bitget stock contracts support a total of 246 underlying assets.

Odaily Odaily reported on July 23 that, according to SoSoValue data, the crypto market saw a pullback after a continuous rebound. The SocialFi sector dropped 2.73% in 24 hours, with Gram (GRAM) falling 2.74% within the sector. In contrast, the RWA and NFT sectors performed well. The RWA sector rose 1.63%, with RE surging 15.19%; the NFT sector increased by 1.88%, with Audiera (BEAT) rising 5.78% and APENFT (NFT) increasing 1.23%.

In other sectors, the CeFi sector fell 0.67% in 24 hours, with Cronos (CRO) dropping 2.11%; the Layer2 sector declined 0.82%, but Starknet (STRK) bucked the trend, rising 1.74%; the Layer1 sector fell 0.90%, with Hedera (HBAR) gaining 4.67% against the broader market; the PayFi sector dropped 1.11%, led by Dash (DASH) down 4.31%; the DeFi sector decreased by 1.51%, with Hyperliquid (HYPE) falling 3.61%; and the Meme sector slid 1.68%, with Pump.fun (PUMP) declining 7.82%.

The crypto sector index, which reflects historical sector performance, shows that the ssiRWA index rose 1.67%, while the ssiSocialFi and ssiDePIN indices fell 2.79% and 1.41%, respectively.

According to monitoring by Hyperinsight, the GOOGL long whale (0xC8b), disclosed last night, accumulated 38,800 GOOGL long positions between 10:00 PM yesterday and 4:00 AM today, with a total size of approximately $13.5578 million and an average price of $349.28. This represented an increase of about $2.8978 million from the previously disclosed position.

After the earnings report was released, the whale began reducing its position at 5:43 AM this morning and completely closed all long positions 2 hours ago, with a closing price of $330.29, recording a loss of $737,000.

This same whale had previously realized a profit of approximately $1.7178 million on MU long positions in the last round. Currently, its sole holding has shifted back to MU, with a 3x leverage long position of 24,600 contracts, valued at approximately $23.9561 million, an average entry price of $977.60, an unrealized loss of about $97,900, and a liquidation price of $354.91.

Odaily reports that Ondo Perps has now introduced a dual reward mechanism. Traders can earn a corresponding share of rewards from the USDC reward pool by inviting new users; trading volume generated from their own trades also contributes to the reward pool. At the same time, each trade will also earn Ondo Points based on trading volume and Open Interest. This means that from now on, every trade or invitation can simultaneously accumulate USDC reward shares and Ondo Points.

The first batch of points have already been calculated based on user trading activity since June 2nd (the early period of the platform's launch), with early participants receiving their points rewards first. Going forward, the platform will distribute 5 million Ondo Points weekly on a continuous basis. Traders can view their points directly in their accounts and continue to accumulate rewards through trading and invitations.

Odaily Odaily reports that CryptoQuant analyst Darkfost stated that institutional demand for Bitcoin is at a low level, with spot Bitcoin ETFs seeing a net outflow of $2.1 billion over the past 30 days. Strategy's demand for Bitcoin has been nearly zero for several consecutive weeks. The overall demand from Bitcoin reserve companies has dropped from approximately $6.6 billion in August 2025, when Bitcoin was around $115,000, to near zero now, when Bitcoin is about $65,000. Darkfost pointed out that this trend reflects market pessimism, but the period of lowest institutional demand often presents the best entry point for positioning.

Odaily reported that Treasury Secretary Scott Bessent posted on the X platform, expressing support for open-source AI and the innovation it brings, but emphasized that open-source is not an excuse for arbitrarily infringing upon U.S. intellectual property rights. If Chinese companies conduct covert, industrial-scale refinement attacks that cross the line into intellectual property theft, consideration will be given to imposing sanctions and placing them on the entity list.

Odaily, Kakao Group and Circle have signed a Memorandum of Understanding (MOU) to evaluate cooperation on blockchain-based payment infrastructure and digital asset technologies, including the application of USDC in scenarios such as payments, settlements, and digital asset connectivity.

Odaily Odaily News: Crypto analyst @fxtrader disclosed on X that according to data from the Korea Exchange on July 23, foreign investors recorded a net purchase of 2.6211 trillion won in the Korean main board market the previous day, setting a new high in nearly two months.