Odaily News - According to Gate's July wealth management monthly report, the cryptocurrency market continued its cautious recovery in July, with total market capitalization rising to $2.26 trillion, up approximately 7.6% month-over-month. BTC and ETH gained 7.3% and 18.5%, respectively. During the market recovery, demand for stable returns and diversified strategies increased, keeping Gate's wealth management business active.
In conservative wealth management, Gate's fixed-term holdings in Yu Bi Bao saw BTC grow 7.3% month-over-month, while USDT surged 70.4%. Total GUSD minting rose from approximately 182 million at the start of the month to around 215 million by month-end, at one point exceeding 230 million. In advanced wealth management, Gate's dual-currency investment for BTC low-buy and high-sell strategies delivered annualized yields of 95.5% and 113.5% for 0-day terms, respectively, surpassing market averages by 34.4 and 32.6 percentage points. In July, the quantitative fund's USDT strategy posted an average monthly return of 3.0%, with Star Pioneer leading at 4.2%. Star Hedging achieved a cumulative return of 19.1%, maintaining a 100% monthly win rate for 25 consecutive months.
In equity assets, Gate's platform trading structure shifted with market conditions. Korean stock trading accounted for approximately 90% at the start of the month, before U.S. stock trading rebounded to around 70%. In terms of holdings, SK Hynix ranked first with a 59.3% share, followed by SpaceX at 15.2%, reflecting that platform users' asset allocation is further expanding to cover diverse areas such as crypto assets, stable-yield products, structured strategies, and stocks.
Monitoring shows that in the predict.fun prediction event for "LCK Third Round T1 vs DK," T1's probability of defeating DK is currently reported at 61%.
Today at 4 PM, the LCK Third Round match between T1 and DK will take place at Seoul's KSPO DOME, marking the first LCK match of the 2026 T1 Home Ground. This home event runs from August 14 to 16, with T1 set to face DK and GEN in succession.
In terms of the roster, T1 benched Oner during their previous match against HLE, giving the CL team's jungler Painter his LCK debut, but ultimately suffered a 1:2 comeback loss. For this match against DK, Oner returns to the starting lineup, and T1 will field the roster of Doran, Oner, Faker, Peyz, and Keria.
Odaily News The Bank of Korea released data on Friday showing that driven by increases in short-term deposits and money market fund scales, South Korea's money supply continued its upward trend in June. According to the central bank's preliminary statistics, the core indicator measuring money supply, M2, averaged 4,213 trillion won (equivalent to $2.97 trillion) in June, up 0.7% from the previous month, an increase of 29.4 trillion won. This indicator has maintained a steady upward trend since November last year. The Bank of Korea stated that both short-term deposits and money market funds, which primarily invest in short-term financial products, saw growth in June.
Odaily News According to Murphy's analysis, all Bitcoin purchased in 2025 is currently in a loss position. Each time the number of chips from that year decreases, aside from wallet transfers, all other cases involve loss-selling. At present, the remaining Bitcoin purchased in 2025 stands at 4.77 million coins, down 41.5% from the December peak. The decline slope of this chip count is clearly divided into two phases: a rapid decline before February this year, followed by a slowdown after February, though a certain downward slope has persisted.
Currently, this group has become the largest supply-side force in the market. For chips purchased between 2022 and 2024 that remain in a floating profit state, the decline slope of their count has largely passed its steepest phase—even if prices continue to fall, the change in chip count will no longer be significant. Murphy noted that potential chips have already completed their turnover. In the past two bear markets, at the bottom of the 2022 bear market, the number of chips purchased at highs in 2021 fell by 51%; at the bottom of the 2018 bear market, the number of chips purchased at highs in 2017 fell by 62%. Murphy personally believes that the decline at the bottom of this bear market will be at most 50% to 60%, and it currently stands at 41%.
Odaily News The Nikkei 225 index rose on Friday, extending this week's gains. Weaker U.S. producer price data eased concerns about a near-term Federal Reserve rate hike and boosted risk appetite. The Nikkei 225 rose 0.59% to close at 68,713.80 points, up 4.7% for the week. The broader Topix index rose 0.51% to close at 4,197.20 points, marking a record closing high. U.S. stocks rose overnight after data showed U.S. July PPI was flat month-on-month, further reinforcing market expectations that the Fed will hold interest rates steady next month. Both the S&P 500 and the Nasdaq Composite hit record closing highs.
Nomura Securities equity strategist Wataru Akiyama said: "Currently, we can see that the rise in U.S. stock prices is transmitting to the Japanese market. Falling crude oil prices, as well as weakened market expectations of an early U.S. rate hike due to cooling inflation, are also positive factors for Japanese stocks." Among Nikkei 225 constituents, the biggest gainer was Nexon, a company associated with Nintendo, rising 19.85%, its largest single-day gain since February 2024; followed by IT firm Shift, up 7.57%; and Nintendo rose 6.91%. (Jin Shi)
Odaily News: TRON Eco has released its 2026 Q2 value deflation ecosystem report, with the quarterly cumulative buyback and burn amount surpassing $34.75 million, driven by the coordinated efforts of four core projects.
JST completed its largest buyback and burn to date, destroying over 355 million tokens (worth $34.59 million) in a single event, setting a new historical high. The cumulative burned amount has now reached 17.29% of the initial maximum supply, with a cumulative value exceeding $94.62 million. SUN completed its 51st round of buyback and burn, destroying over 9.02 million SUN tokens in the quarter, bringing the cumulative burned total to over 678 million tokens. BTT and WIN announced mechanism upgrades, committing all revenue from their decentralized businesses and all oracle service revenue, respectively, to buybacks. The new mechanisms will be implemented on a regular basis starting in Q3. With the launch of the new mechanisms in Q3, all four projects have now been incorporated into a sustainable deflationary framework, marking an upgrade from "phased incentives" to "institutionalized deflation." TRON Eco will continue to drive buybacks and burns with real revenue to reward the community.
Odaily News According to official sources, Gate is launching the 20th Flash Swap Lucky Draw event from 18:00 on August 10 to 00:00 on August 17 (UTC+8). During the event, users who complete designated flash swap trading tasks will unlock lottery opportunities, with chances to win ANTFUN, lucky red packets, and cash prizes of up to 200 USDT. The higher the cumulative flash swap trading volume, the more lottery chances users can obtain; additionally, for every 80,000 USDT of cumulative flash swap trading volume, users can also receive a 50 USDT cash reward, with a maximum of 200 USDT per person and a total prize pool of 20,000 USDT for the event.
Furthermore, Gate is launching the Double Benefits for New Flash Swap Users event from 16:00 on August 13 to 16:00 on August 20 (UTC+8). During the event, eligible new flash swap users who complete their first flash swap with an initial transaction volume of ≥ 100 USDT can claim a 100 USDT reward; users with cumulative valid flash swap trading volume of ≥ 300 USDT can also receive an additional 2 USDT cash reward, with both tiers of benefits being stackable. The above rewards are distributed on a limited basis and are available on a first-come, first-served basis.
Odaily Planet Daily News: CXMT, China's largest DRAM chip manufacturer, saw its share price rise 4% by Friday's midday close, bringing its market capitalization to $540.5 billion—second only to Intel's $552.6 billion and surpassing Tencent's $505.8 billion, ranking 24th in the LSEG global company market value list.
Headquartered in Anhui, CXMT completed its initial public offering of approximately $8.6 billion on July 27. The company's closing price on its first trading day was 466% above the offering price, making it the highest-valued listed company in mainland China. During the same period, Intel's stock price declined, while Tencent's shares fell about 26% year-to-date.
CXMT is currently the world's fourth-largest DRAM producer, ranking after Samsung Electronics, SK Hynix, and Micron. Nomura projects its global DRAM output share will rise from approximately 10% to around 18% by the end of 2028. Bernstein analysts noted that this IPO will provide more cash for the company's capital expenditures. (Business Insider)
Odaily News Market data shows that the AI application sector in Hong Kong stocks saw widening losses in the afternoon, with MINIMAX-W (00100.HK) falling over 10%, Zhipu (02513.HK) dropping nearly 6%, and RoboSense (02498.HK), Youjia Innovation (02431.HK), among others, following the decline.
Odaily News Market data shows that Hong Kong-listed semiconductor stocks rebounded in the afternoon, with SMIC (00981.HK) continuing to gain strength, up over 6%, while Innoscience (02577.HK) climbed over 3%, and Novosense Micro (02676.HK), GigaDevice (03986.HK) also followed with gains.
