Odaily News: Binance has launched a new crypto lending product, Lite Loan, which allows eligible users to collateralize BTC to borrow up to 1000 USDT without selling their Bitcoin holdings.

Binance stated that this product is primarily aimed at users with small-scale, short-term funding needs. Unlike Binance's existing loan products, Lite Loan will not trigger liquidation due to BTC price fluctuations during the initial 30-day loan term. If users fail to repay the loan after 30 days, they can extend it for up to another 30 days, with an annualized interest rate of 36% during the overdue period. Liquidation risk will be triggered when the loan-to-value ratio reaches 91%. (The Block)

Odaily News: U.S. Democratic Senator Alex Padilla plans to introduce new legislation that would prohibit presidents from offering paid services that provide users with early access to their public statements or social media posts. The bill targets a recently launched paid service by Trump Media & Technology Group that allows users to receive real-time alerts on posts from Trump and other figures on social platforms, some of which may involve information affecting financial markets.

Alex Padilla stated that Trump's public remarks should not be sold as an "early trading advantage" to specific paid users. He believes that if market participants can gain faster notifications of presidential statements through payment, it could create an unfair information gap. As of now, Trump Media & Technology Group has not responded to the legislative proposal.

Odaily News Decentralized stablecoin USDD has released its treasury report for the second quarter of 2026. According to the report data, USDD's total revenue for the quarter reached $7.66 million, a 21.6% increase quarter-over-quarter, setting a new quarterly high; net profit stood at $7.63 million, with expenses of $24,800, a treasury balance of $7.63 million, and a total treasury balance of $21.54 million.

Additionally, according to official website data, the current supply of USDD is $1.59 billion, with a TVL of $2.28 billion. The Smart Allocator has generated and distributed cumulative yields of $24 million.

Odaily Planet Daily News: The Coinbase Bitcoin premium index has remained in negative territory for 78 consecutive days, from May 19 to date, with the latest value at -0.1145%. Previously, the index was in negative premium for 40 consecutive days from January 16 to February 24 this year, which had set a record for the longest consecutive negative premium since the index was launched, surpassing the approximately 30 consecutive negative premium days during the "1011 crash" period.

Odaily News: According to sources familiar with the matter, ChangXin Memory Technologies (CXMT) plans to begin small-scale production of the advanced low-power memory chip LPDDR6 by the end of this year. If prototype testing goes smoothly, the company will subsequently move toward mass production. LPDDR6 is the next-generation low-power memory chip designed for smartphones and laptops, offering improved data transfer speeds and energy efficiency, as well as support for on-device AI applications. (Bloomberg)

Odaily News: According to official data from Bitget, the cumulative number of transactions for its tokenized stock product rToken has exceeded 2 million. To celebrate this milestone, Bitget has announced that it will give a surprise reward to the lucky user who completed the 2 millionth rToken transaction. The order amount was 162.345 USDT, and the platform issued a reward of 1,623.45 USDT, equivalent to 10 times the transaction amount.

Odaily News: Italy's largest bank, Intesa Sanpaolo, reduced its IBIT holdings by 94% in the second quarter while expanding its staked ETH ETF positions to approximately three times their previous size. (Cointelegraph)

Odaily Planet Daily News: SpaceX will release its first financial report since its IPO after the US stock market closes on Tuesday. The market will focus on the operational performance of its Starlink, Starship, and artificial intelligence businesses, and assess whether its approximately $1.5 trillion valuation is supported.

Since its first trading day in June, SpaceX's stock price has continued to pull back. As of Monday's close, it stood at $114.53, down about 15% from its IPO price of $135, and nearly 50% below its June high. The company's market capitalization has shrunk by more than $500 billion.

Analysts say investors' focus is not on single-quarter profits, but on Starlink user growth, AI infrastructure business expansion, and Starship progress. Among these, Starlink is seen as the company's main source of revenue growth at present, with the company expecting second-quarter revenue of approximately $6.9 billion. Meanwhile, SpaceX's AI business generated $818 million in revenue in the first three months of this year, and the market will watch how it integrates with xAI, data centers, and computing power operations.

In addition, SpaceX will also see its post-IPO lockup expiration this week, with more than 911 million shares becoming tradable, involving a market value of approximately $100 billion. The market is monitoring potential selling pressure. (Jin Shi)

Odaily News: SanDisk will release its fiscal fourth quarter and full year results at 4:30 AM Beijing time on August 6. Among addresses holding positions valued at over $1 million, the long/short ratio by count stands at 0.75:1; by value, the ratio is approximately 0.72:1, with short positions exceeding longs by about $8.517 million.

Four early longs have net reduced their positions by a combined 8,321.8 SNDK contracts today, equivalent to approximately $11.111 million at current prices:

- The address starting with 0x1367 opened 6,000 long contracts overnight and has already halved its position today;

- 0x0ad9 has net reduced by 1,935 contracts and still holds approximately $5.193 million in long positions;

- 0x364a has fully closed its 1,700.1 long contracts, realizing a profit of approximately $173,000;

- 0xdb09 has net reduced by 1,686.8 contracts but retains approximately $6.228 million in long positions.

Meanwhile, the largest current short, 0xefe, remains short 7,503.8 SNDK contracts, with a position value of approximately $10.015 million and an average entry price of $1,311.9. After multiple rounds of trading today, it has added 214.1 net short contracts.

Odaily News, according to HyperliquidNews monitoring, Tradexyz currently accounts for 99.9% of the trading volume and 99.7% of the open interest in the HIP-3 market.