Odaily News: UBS's second-quarter IBIT call option exposure increased 24-fold. As of now, the bank holds 407,890 shares of IBIT, valued at $13.6 million; at the end of the first quarter, it held 364,371 shares. (Bitcoin News)
Odaily Planet Daily News: Castle Securities stated that the Fed's current policy path is driving long-term U.S. Treasury yields to remain at multi-decade highs, potentially posing broader risks to the market. Despite recent cooling in inflation and employment data, the yield on the 30-year U.S. Treasury briefly rose to 5.28%, its highest level in 19 years, indicating that the market remains vigilant about long-term inflationary pressures and fiscal risks.
The firm believes that inflationary pressures have not fully subsided, and there remains significant uncertainty regarding the Fed's next policy decision, with the rate path likely continuing to be a key factor affecting asset prices.
In the field of artificial intelligence, Citadel has a more favorable view of cloud infrastructure and large-scale cloud computing companies rather than frontier AI model developers. The institution tends to invest in "hyperscalers" with advantages in computing infrastructure, including Microsoft (MSFT) and Google's parent company Alphabet (GOOGL).
Odaily News - The latest disclosure from 21Shares' Polkadot ETF (TDOT) shows that in Q2 2026, the fund sold DOT tokens to pay staking rewards, incurring approximately $4.52 in realized losses for every $1 in distributions generated.
According to regulatory filings, TDOT sold 98,505 DOT in Q2, generating approximately $107,500 in cash to pay staking rewards to shareholders. However, due to the sharp decline in DOT's price, these sales confirmed approximately $485,600 in losses.
Data shows that DOT fell approximately 34% in Q2 2026, with a cumulative decline of 76% over the 12 months ending June 30. Since TDOT shareholders receive USD-denominated distributions rather than DOT staking rewards directly, the fund must sell DOT to convert to cash payments, thereby locking in losses in a low-price environment. In Q2, TDOT paid shareholders approximately $0.14698 per share in distributions, but the fund's share price fell from $14.95 to $9.86 during the same period, a decline of roughly 34%. Staking yields did not offset the losses from the decline in asset prices. (Protos)
Odaily News: According to a report by HSBC strategist Dhiraj Narula and economist Ryan Wang, if the Federal Reserve reduces its holdings of U.S. Treasuries, the Treasury market may become more reliant on price-sensitive buyers. They wrote: "The reduction in Fed holdings will continue to impact the U.S. Treasury market. If growth in the System Open Market Account (SOMA) holdings fails to keep pace with the expansion of Treasury supply—whether due to passive or relative quantitative tightening, or merely moderate growth in holdings—a larger share of government funding needs will ultimately have to be absorbed by price-sensitive investors."
Odaily reported that The Kobeissi Letter stated on X platform that the U.S. stock market has demonstrated unprecedented resilience in 2026, and this year is on track to become the first full year in at least 30 years without a single day of "80%+ NYSE downside volume" on the New York Stock Exchange (NYSE).
The so-called "80%+ downside-volume days" refers to days when at least 80% of NYSE trading volume comes from declining stocks, typically viewed as a key signal of broad selling pressure in the market.
Data shows that during the 2008 global financial crisis, the NYSE recorded 49 such trading days; during the 2022 bear market, there were 33; and in 2025, there were 9. Since 1997, this metric has averaged approximately 21 occurrences per year, and no full year has ever fallen below 5.
The Kobeissi Letter noted that as of now, 2026 has seen almost no broad-based selling pressure, indicating that investor sell-off activity remains relatively limited and market structure is showing strong support. While the current U.S. stock market exhibits "unprecedented resilience," this phenomenon also implies that market risks may become more concentrated in potential future liquidity shifts or unexpected events.
Odaily News: Duquesne Family Office, managed by Stanley Druckenmiller, has exited its positions in Intel and Micron Technology, and established new positions in four publicly listed Bitcoin mining companies: Bitdeer Technologies, Riot Platforms, Hut 8, and IREN. (BitcoinNews)
Odaily reported that according to MSX.COM data, NVIDIA's stock price rose 1.05% to $227.525 per share, the highest level since June 2, with a total market capitalization of $5.51 trillion.
Odaily News, Glassnode Co-founder Rafael Schultze-Kraft stated that Bitcoin's (BTC) current low-volatility environment does not necessarily represent an investment opportunity, and the market may be forming a "vol value trap."
Schultze-Kraft pointed out that BTC implied volatility currently sits in the lowest 2% range of its historical distribution, yet the volatility level priced by the options market remains approximately 1.5 times the actual market volatility. He noted that Glassnode's "vol value trap score" has reached 91/100, the highest level in over 3.5 years.
Schultze-Kraft believes that while the market appears to be in an extremely low-volatility state on the surface, options prices have not fully reflected actual movements, and the volatility premium paid by investors may be relatively high. The indicator shows that the market is undergoing a rare phase of volatility compression. Historically, similar extreme low-volatility environments have often paved the way for subsequent volatility expansion, but the specific direction depends on capital flows, the macroeconomic environment, and market catalysts.
Odaily Planet Daily News According to Lookonchain monitoring, an ETH trader recently bought back 1,674 ETH at a relatively higher price, valued at approximately $3.19 million, with a purchase price of around $1,906 per ETH.
Lookonchain stated that this trader has long exhibited a pattern of "selling low and buying high." Two months ago, the address still held 1,891 ETH, but now only 1,674 ETH remains. Through frequent swing trading, the trader has accumulated a reduction of 217 ETH, translating to an approximate loss of $414,000 at current prices.
Lookonchain pointed out that for this type of trader, frequent trading not only fails to improve returns but also erodes assets due to market volatility. It added: "Sometimes, simply holding may be better than blindly trading."
Odaily News: According to market reports, U.S. financial services company Synchrony has announced an enterprise partnership agreement with OpenAI. Synchrony will deploy the GPT-5.6 Sol, Terra, and Luna models and will also launch a ChatGPT plugin.
Odaily News: According to Goldman Sachs data, global bond issuance fell 16% year-over-year last week, but issuance year-to-date is still 9% higher than the same period last year. Investment-grade corporate bond issuance surged 60%, while high-yield bond issuance fell 41%, and leveraged loan issuance plunged 88%. Financial sector bond issuance rose 38%, while structured finance issuance declined 64%. Meanwhile, ETF assets tracking the S&P and MSCI indices continued to grow strongly, rising 32% and 36%, respectively. (Jin10)
