Odaily News Quantitative trading firm Hudson River Trading (HRT) recorded record trading revenue of $11.4 billion in the second quarter, up more than threefold year-over-year; net profit for the same period reached $7.4 billion, with adjusted EBITDA of approximately $8 billion, a more than 350% increase from $1.75 billion in the same period last year.

Additionally, HRT remained profitable during the July AI stock sell-off and held no direct exposure to Situational Awareness. During the same period, Jane Street posted a $15 billion loss in July, impacted by factors including investments in Situational Awareness, marking its first monthly loss in a decade. (Bloomberg)

Odaily News, Coinbase CEO Brian Armstrong posted on X platform, listing his "vision checklist" for the upcoming market: first, the CLARITY Act will receive strong bipartisan support and pass the vote on September 15, followed by "Uptober," and the start of the next crypto bull market. Armstrong stated, "Everything is unfolding as predicted."

Odaily News: Billionaire Ken Fisher's eponymous firm appears to be betting on a rally in the longest-dated U.S. Treasuries, seeking to capitalize on opportunities presented by yields near 20-year highs through a contrarian move. Earlier this month, Fisher Investments was the primary driver behind a record $4 billion inflow into a BlackRock exchange-traded fund (ETF) that invests in U.S. Treasuries with maturities of 20 years or longer.

Meanwhile, a separate BlackRock U.S. Treasury fund with a shorter average duration saw outflows of a similar magnitude, indicating a shift of funds toward the longer end of the yield curve. A spokesperson for Fisher Investments said the company cannot comment on individual securities due to its fiduciary duty to clients. (Cailian Press)

Odaily News: According to Onchain Lens monitoring, Hyperliquid generated $4.4 million in revenue over the past 24 hours, and HYPE tokens worth $4.24 million have been burned.

Odaily News As Bitcoin approaches $70,000 and triggers a large-scale short squeeze, crypto-related stocks on U.S. exchanges are rallying across the board. Strategy (MSTR) rose 12.68% to $104.25, Coinbase (COIN) climbed 9.05% to $159.47, Circle (CRCL) gained 9.56% to $78.59, and BitMine (BMNR) advanced 10.72% to $20.24.

During the same period, Bitcoin's short-squeeze rally led to over $1 billion in short positions being liquidated within an hour. Additionally, the U.S. Treasury announced it would at least double the scale of its long-term Treasury buyback program starting in September, pushing risk assets broadly higher. Strategy and Coinbase are particularly noteworthy, as both are among the large-cap stocks heavily shorted on Wall Street. Coinbase is currently the fifth-most-shorted stock in the financial sector. As such, this rally not only squeezed shorts in the crypto derivatives market but may also force U.S. equity investors shorting MSTR and COIN to cover their positions. (Decrypt)

Odaily News: According to on-chain analyst Ember's monitoring, Big Brother Machi has been persistently long on ETH for a year. After hundreds to thousands of liquidations on his long positions, he currently holds ETH long positions worth $48.22 million, with unrealized gains of $3.34 million; cumulative losses stand at $31.5 million.

Odaily News: According to Gate data, the Nikkei 225 index opened up 461.11 points, or 0.71%, at 65,787.53 points on Thursday, August 20. South Korea's KOSPI index opened 3.2% higher, with SK Hynix rising over 7% and Samsung Electronics up more than 3%.

According to Odaily, data from MSX.COM shows the Nasdaq Biotechnology Index surged 6.4%, its biggest gain in six years. Moderna soared 176%, adding $44 billion to its market capitalization. Merck closed up 13%, marking its largest single-day gain since March 2009. Estée Lauder shares closed up 16%, the biggest jump since 2011. Meanwhile, storage and optical communications sectors declined, with Seagate Technology falling over 7%, Western Digital dropping over 6%, and SanDisk down 3.5%. Lumentum fell over 5%, Coherent dropped over 6%, and Corning slipped over 5%.

Odaily News, Coinglass data shows that the total liquidation amount across the network in the past 24 hours reached $2.987 billion, with short positions dominating the liquidations. Among them, short position liquidations totaled $2.739 billion, while long position liquidations amounted to $248 million. Additionally, BTC liquidations reached $1.419 billion, and ETH liquidations totaled $1.109 billion.

Odaily reported that the whale "Set 10 Big Goals First" disclosed a short position of 1,894.784 BTC at an entry price of 69,826.89 USDT, with current floating profit of approximately $601,700. The whale stated, "Briefly joining the short-side camp." Subsequently, "Set 10 Big Goals First" posted again on X, stating that the stop-loss for this short position is set at $70,400, with take-profit targets ranging from $68,000 to $66,500.

Previously, "Set 10 Big Goals First" shared trading strategy on X: without extreme market-moving news, when the broader market rapidly rises 5%–10%, open a short at the current price; when it falls 5%–10%, open a long at the current price. The whale noted this strategy covers most scenarios, and when executed accordingly, it achieves a win rate of at least 6 out of 10 times.

Odaily News Ondo Finance has released its latest ecosystem data, showing that Ondo Perps, which went live in July, has seen its open interest (OI) exceed $100 million. Meanwhile, according to DefiLlama data, Ondo Perps has entered the top three RWA perpetual contract trading platforms within weeks of its launch.

Additionally, since Ondo Stocks went live in September 2025, its cumulative holders have surpassed 270,000.

Odaily News: HyperliquidNews posted on X platform, stating that Nasdaq traded 61.6 million PURR tokens, valued at approximately $554 million; TradeXYZ traded 2.884 million PURR tokens, accounting for about 4.68% of Nasdaq's trading volume, valued at approximately $23.956 million. PURR has reached an all-time high in trading volume on both platforms.

Odaily Odaily News: According to Onchain Lens monitoring, FalconX transferred 198,750 HYPE tokens, worth approximately $14 million, to Gate just minutes ago, reportedly for a potential sale. Several OTC buyers who had accumulated HYPE over the past few months now appear to be offloading, with similar transfers observed at other over-the-counter desks.

Odaily reported that during a meeting with leaders in technology and innovation at the White House, U.S. President Trump stated that the United States has completely ended its war on the crypto industry, noting that the crypto market is rapidly expanding. Trump said the crypto industry is booming and performing strongly, with no one able to stop it. He also mentioned that China desires to enter the crypto space and take the lead but has not yet succeeded. Trump has repeatedly emphasized the need for the U.S. to maintain global leadership in emerging technologies such as Bitcoin, cryptocurrency, and AI, while promoting a clearer regulatory framework for digital assets. At a recent White House crypto industry meeting, Trump also urged Congress to pass the Clarity Act to establish more transparent regulatory rules for the digital asset market, and emphasized the importance of policy support to attract crypto enterprises to remain and grow within the U.S.

Odaily Odaily News: AI company OpenAI is advancing its IPO preparations with the goal of completing an initial public offering (IPO) next year. OpenAI Chief Financial Officer (CFO) Sarah Friar stated at an all-hands meeting that OpenAI will become a publicly listed company next year.

Sarah Friar noted that competitor Anthropic may go public in September, ahead of OpenAI, but this does not affect OpenAI's focus on its own development. She pointed out that an IPO is just a milestone and another form of financing. OpenAI completed a $122 billion funding round in March this year and currently has considerable room for choice.

If business growth outpaces expectations, OpenAI does not rule out launching its IPO earlier than originally planned. In the second quarter of this year, OpenAI's revenue was surpassed for the first time by latecomer competitor Anthropic. During the same period, Anthropic achieved its first quarterly adjusted operating profit, while OpenAI's operating losses further widened.

OpenAI and Anthropic each confidentially filed IPO applications with securities regulators in June. OpenAI CEO Sam Altman had previously considered delaying the IPO to seek a corporate valuation exceeding $1 trillion; after its March funding round, OpenAI was valued at $852 billion. (ETNews SW)

Odaily News: According to Onchain Lens monitoring, an address accumulated purchases of 178,700 HYPE from FalconX over the past two months, spending approximately $11.5 million, with estimated profits of around $1.24 million. The address deposited 47,000 HYPE, worth approximately $3.35 million, into FalconX a few minutes ago, possibly for sale.