Odaily reports: According to monitoring by on-chain analyst Yu Jin, a certain address opened long positions in SOXL twice within 4 hours and was liquidated both times. Last night at 11 PM, the address opened a long position in SOXL worth $5.42 million, and was liquidated in less than 1 minute, losing $316,000. At 1 AM today, the address again opened a long position in SOXL worth $4.97 million, and was liquidated 2 hours later, losing $270,000. Just 2 minutes after the second liquidation, the address continued to open a long position in SOXL worth $2.22 million, and this position has not yet been liquidated.

Odaily reports that JPMorgan analyst Nikolaos Panigirtzoglou said in a report that recent measures taken by U.S. regulators have partially offset the negative impact of the Senate's failure to advance the Clarity Act, but political and legal risks still remain. Measures led by agencies such as the SEC, CFTC, and OCC may encourage institutional participation in the crypto ecosystem in the short term, but only legislation can make the regulatory framework more durable. Before a comprehensive market structure bill is passed, the political and legal risk premium will remain elevated; if Democrats win the White House, existing measures could potentially be overturned within two years.

Panigirtzoglou believes that the likelihood of the Clarity Act passing this year is low and that it may be delayed until 2027. Currently, crypto market sentiment remains relatively optimistic, with the market focused on what measures the SEC, CFTC, and OCC will take to facilitate institutional entry into the cryptocurrency sector.

Odaily reports: According to MSX.COM data, US stocks closed with the Dow up 0.02%, the S&P 500 down 1.21%, the Nasdaq down 2.6%, and the VIX fear index up 14.09%. AI concept stocks fell broadly, with Astera Labs down 11.11%, Teradyne down 10.63%, CoreWeave down 10.06%, KLA down 9.55%, and Marvell down 8.7%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular US stocks and ETF token targets such as NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily reports: According to the latest Gate data, the price of gold has risen to $4,030.05 per ounce, up 0.09% on the day. The price of silver has risen to $54.629 per ounce, up 0.92% on the day.

In forex, the U.S. dollar fell 0.02% against the offshore Chinese yuan (USD/CNH) on the day, with the current exchange rate at 6.67117. The U.S. dollar fell 0.16% against the Japanese yen (USD/JPY) on the day, with the current exchange rate at 156.487.

In global stock indices, the Europe 50 Index (EUSTX50) fell 0.83% on the day to 6,095.61 points; the UK FTSE 100 Index (UK100) fell 0.07% on the day to 10,730.6 points; the Germany DAX40 Index (GER40) fell 0.04% on the day to 25,370.1 points.

In commodities, WTI crude oil rose 0.22% on the day to $100.33 per barrel. Brent crude oil fell 0.04% on the day to $114.05 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFD), major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi-related functions have been fully integrated into the Gate App and Web端, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the diversified asset allocation experience.

Odaily reports: Western Digital has released its financial results for the first quarter of fiscal year 2027. The company reported revenue of $4.381 billion, up 55% year-over-year, beating analysts' expectations of $4.14 billion; non-GAAP earnings per share came in at $4.64, up 161% year-over-year, above the $4.11 expected by analysts surveyed by FactSet.

Looking ahead to the second fiscal quarter, Western Digital expects adjusted earnings per share of $5.60 to $6.00 and revenue of $5 billion to $5.2 billion, both above prior market expectations of $4.84 per share and $4.57 billion in revenue.

Despite both the results and guidance beating expectations, storage and AI-related stocks came under broad pressure, as the market remains concerned about whether large-scale capital expenditure can generate effective returns in the short term. After the earnings release, Western Digital's share price briefly rose before quickly pulling back, with after-hours losses reaching 6.3% as of press time.

Odaily: OpenAI is set to complete a funding round of up to $30 billion, led by a UAE investor, at a pre-money valuation of approximately $1.25 trillion.

Reports indicate that the agreement will also provide OpenAI with additional computing power support from the UAE side, with the relevant deal expected to be signed by the end of next week. (Cailian Press)

According to Gate data, South Korea's KOSPI index extended its decline to 4%, with Samsung Electronics down 5% and SK Hynix down 4%.

Odaily Report: US Defense Secretary Pete Hegseth has banned personnel at the Pentagon and defense agencies from using non-public information to place bets on upcoming military operations, including trading on prediction market platforms such as Kalshi and Polymarket.

In a memo sent Tuesday to senior officials at the Department of Defense and related defense agencies, Pete Hegseth stated that the ban covers both classified and unclassified information, and noted that betting on prediction markets could expose military operations and affect operational security and personnel judgment.

The directive follows allegations that US Army soldier Gannon Ken Van Dyke was charged in April with using classified information about the capture of Venezuelan leader Nicolás Maduro to bet on related outcomes on Polymarket and earn more than $400,000. Prosecutors said he participated in planning and executing the operation, and Van Dyke has pleaded not guilty to all charges.

In February of this year, Israeli authorities arrested and charged a military reservist and a civilian on suspicion of using classified information to bet on Polymarket regarding the outcome of an Israeli military strike on Iran. (Cointelegraph)

According to Gate data, the US dollar against the Japanese yen (USDJPY) fell to 156.5, currently at 156.459, a 24-hour decline of 1.1%.

Odaily reports that Kraken stated its xStocks tokenized equity product line now covers more than 1,000 underlying assets. xStocks provides users with exposure to stock prices but does not carry shareholder rights; the product previously listed 131 related instruments and is still not available to U.S. users.

Odaily: Richard Blumenthal, the ranking Democratic member of the U.S. Senate Permanent Subcommittee on Investigations, sent a letter to Tether and Nxum Group demanding clarification on the arrangement under which Tether made payments to Nxum Group. Nxum Group was co-founded by Bo Hines, CEO of Tether's U.S. subsidiary, and provided consulting services to Tether and received substantial payments during the period when Bo Hines served as a White House crypto adviser and participated in shaping crypto policy. Blumenthal said the terms and nature of the business relationship between the two parties raise serious ethical and legal concerns. A Tether spokesperson did not immediately respond to a request for comment.

Odaily reports: Banking group HSBC has launched the stablecoin RedCoin, which will be available to over 3.3 million PayMe users for payments to 100,000 merchants before the weekend. Maggie Ng, CEO of HSBC Hong Kong and General Manager of Retail Banking and Wealth Management, stated that funds, assets, and information are shifting from traditional infrastructure to always-on, data-rich, and increasingly programmable digital networks.

Li Guankang, Head of Retail Banking Products at HSBC and CEO of PayMe, stated that RedCoin will match the existing PayMe wallet in terms of transaction speed and other aspects, while offering additional benefits for merchant payments. To celebrate the launch of RedCoin, users can receive transaction coupons and "reward money" and other rewards.

John O'Neill, Managing Director of Digital Assets and Currencies at HSBC, stated that within the year, a stablecoin wallet function will be added to the HSBC Hong Kong mobile banking app, and users will be able to subscribe to tokenized investment products using RedCoin, including the HSBC Hong Kong Dollar Money Market Fund, with a minimum subscription amount of HKD 100.

Over the past months, HSBC has worked with regulators and potential users to advance the launch of RedCoin, with nearly 100 employees participating in the pilot, testing the complete process from minting to wallet activation to actual transfers. HSBC will subsequently expand use cases for corporate and institutional clients and launch more products. (HK01 NFT)

Odaily reports: According to Onchain Lens monitoring, Dragonfly Capital (0xF70...3a5) transferred 30,000 hyperliquid to FalconX, worth $2.33 million, possibly for over-the-counter sale. One month ago, this address transferred 41,400 hyperliquid to FalconX, worth $3.21 million. It currently still holds 296,100 hyperliquid, worth $22.96 million.

Odaily: Fomo posted on X that its internal cross-chain bridge had previously been in trial operation with a small number of users for about a week and is now beginning its public rollout. Fomo says cross-chain transactions on the platform can be completed within 1 second.

According to MSX.COM data, optical communications and optoelectronic device-related tickers weakened overall over the past 24 hours. AXTI fell 14.7% and is now at 51.03 USDT; LITE fell 12.8% and is now at 746.64 USDT.

Odaily: Aave posted on X that the first externally curated markets on Aave V4 are now live, with strategies designed by @SentoraHQ. Users can borrow RLUSD, PYUSD, and OUSD across 3 new markets on Ethereum using yield-bearing assets and blue-chip assets as collateral.