According to sources, Pakistan has reportedly requested a $10 billion fund from the United States to stabilize its currency. If approved, the fund would provide a lifeline for the financially troubled South Asian economy. This request comes after Pakistan previously facilitated negotiations related to the Iran war, a move that enhanced its diplomatic influence and raised expectations that it could secure economic benefits from Washington and other partners.
In a proposal submitted to U.S. Treasury Secretary Janet Yellen, Islamabad is seeking a $10 billion bilateral exchange rate stabilization support fund between the U.S. and Pakistani governments, with a maximum term of five years. If granted, the arrangement would bolster Pakistan’s reserves, alleviate pressure on the Pakistani rupee, and reduce its reliance on multilateral financing, while Islamabad would also implement stricter fiscal and monetary policies under the International Monetary Fund program. (Jin Shi)
Odaily Odaily, digital asset trading platform Gate has released its Q2 2026 report. According to data from multiple authoritative institutions, Gate's spot liquidity and trading volume rank second globally, its derivatives market is firmly among the top three in the industry, and its open interest (OI) market share ranks among the global top three. In terms of asset class diversification this quarter, Gate advanced its integration of crypto assets and TradFi, accelerating the development of stock trading, Pre-IPOs, CFDs, wealth management, and other businesses, further enhancing its global asset allocation capabilities. The platform has officially launched stock trading, building a 7×24 trading system covering three major markets: U.S. stocks, Hong Kong stocks, and South Korean stocks. It supports fractional share trading, stock dividends, cross-broker position transfers, as well as stock splits and reverse stock splits. As of the end of the second quarter, Gate's global registered users exceeded 58 million, supporting the trading of over 4,800 digital assets and more than 12,500 stock assets, continuously attracting global users to participate in trading across a diverse asset system.
Meanwhile, Gate has completed a full asset service chain from pre-listing investment to public market trading. The cumulative subscription funds for the SpaceX (SPCX) Pre-IPOs project exceeded $396 million, and cumulative subscription funds for direct IPOs surpassed $143 million. Gate CFD has listed 663 trading assets, with quarterly ETF trading volume approaching $60 billion, representing a quarter-over-quarter increase of over 40%. Additionally, Gate has launched a global wealth management brand, Gate Wealth, offering global users more efficient asset allocation and long-term value growth opportunities. Gate.AI has completed an architecture upgrade and brand refresh, supporting access to over 200 mainstream large language models worldwide, and continues to expand its presence in AI Agents, RWAs, prediction markets, and on-chain infrastructure. In the second quarter of 2026, Gate continuously integrated its asset allocation capabilities across digital assets, stocks, ETFs, RWAs, foreign exchange, and commodities, accelerating its evolution into a global one-stop financial service platform.
Odaily reported that Hong Kong stock memory concept stocks declined in the afternoon, with the CSOP Double Long SK Hynix (07709.HK) falling over 3% after rising over 14% in the morning session; Meanwhile, SK Hynix turned lower in the late afternoon after rising over 9% in early trading.
Odaily Planet Daily News: According to the World Internet Conference, the 2026 World Internet Conference Digital Silk Road Development Forum, themed "Smart Silk Road, Digital New Journey – Jointly Building a Community with a Shared Future in Cyberspace," opened in Xi'an, Shaanxi on July 22. Wang Xingxing, founder and CEO of Unitree Technology, attended the opening ceremony and delivered a speech. Over the past few years, humanoid robots have made rapid progress, from walking and dancing to martial arts fighting and simple services.
Wang Xingxing believes that the "ChatGPT moment" for embodied intelligence is expected to arrive as soon as within two to three years: by then, robots in most unfamiliar scenarios will also be able to directly work and achieve many basic functions. Therefore, everyone should make various plans and arrangements in advance based on their actual situations to seize new opportunities in the intelligent era. (Jin Shi)
Odaily Planet Daily News: According to Hyperinsight monitoring, SKHX on Hyperliquid surged to a high of $1353.2 at 9:15 AM today, before a rapid midday plunge hitting a low of $1253.1 at 1:40 PM, a drop of 7.4% from the peak. As of press time, SKHX is trading around $1256.8, having essentially erased all of its early morning gains.
One whale managed to establish a short position just before this peak. Between 7:00 AM and 9:10 AM today, through 491 transactions, they sold a total of 2000 SKHX contracts, with an average entry price of $1333.98. The transaction volume, calculated as price × quantity, amounted to approximately $2.668 million, with a trading fee of about $160.
As of press time, the whale holds 2000 short positions on SKHX with 10x full margin. The position value is approximately $2.5138 million, with an unrealized profit of around $154,200, yielding a return rate of approximately 57.8%. The liquidation price is approximately $4120.99. Currently, no take-profit or stop-loss orders have been set for SKHX.
Based on historical trading, this whale is a medium-to-high frequency, multi-asset short-term address. Over the past 7 days, the trading volume reached approximately $116 million, generating profits of $510,300. Previously, they mainly traded BTC and ETH in the crypto market, and this marks their first time shifting positions to SKHX.
Odaily reported that Hong Kong-listed large model stocks weakened, with MINIMAX-W (00100.HK) dropping over 10% and Zhipu (02513.HK) falling over 5%.
1. South Korea's KOSPI index has risen nearly 10% over the past two days; institutions say approximately 75% of leveraged ETF deleveraging has been completed;
2. Investor Perspective: If the CLARITY Act passes, Lighter, as a US-based company, will be the biggest beneficiary;
3. US lawmakers ask the SEC to investigate Truth API, alleging potential violations of federal securities laws;
4. Democratic Senator Angela Alsobrooks opposes the ethical provisions detailed in the White House's proposed Clarity Act;
5. Samsung plans to invest 200 billion KRW to build an HVAC factory in South Korea;
6. Bernstein: Robinhood's Q2 prediction market revenue could surpass its crypto revenue, raising the price target to $160;
7. OpenAI CEO Altman will brief US officials on the next-generation AI model next week;
8. With an unrealized profit of approximately $1.1425 million, the whale still holds a long position in Micron Technology worth about $14.6381 million;
9. Only 7.1% remain profitable; most tokens launched in 2024 with a market cap exceeding $100 million have fallen below their TGE price.
Odaily reported, according to Gate data, the South Korea KOSPI index declined in the afternoon session, narrowing its intraday gain to 3% and now standing at 6,952.26 points.
Odaily U.S. Representative Ritchie Torres has asked the U.S. Securities and Exchange Commission (SEC) to investigate whether Truth Social parent company Trump Media & Technology Group (TMTG)'s upcoming Truth API violates federal securities law, and to evaluate whether it involves issues of market manipulation, investor protection, and conflicts of interest.
Previously, it was reported that the Truth API will launch on August 1, providing paid clients with real-time data access to public posts from popular Truth Social accounts, with licensing fees reaching up to $100,000 per month. (Axios)
According to SoSoValue data, yesterday (Eastern Time July 21) the Ethereum spot ETF recorded a total net inflow of $37.471 million.
The Ethereum spot ETF with the largest single-day net inflow was Blackrock's ETHA, which recorded a net inflow of $52.7916 million. The historical total net inflow for ETHA has now reached $11.401 billion.
The Ethereum spot ETF with the largest single-day net outflow was Fidelity's FETH, which recorded a net outflow of $15.3206 million. The historical total net inflow for FETH has now reached $2.115 billion.
As of press time, the total net asset value of Ethereum spot ETFs stands at $10.478 billion, with the ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) reaching 4.51%. The historical cumulative net inflow has reached $11.155 billion.
According to SoSoValue data, Bitcoin spot ETFs recorded a total net inflow of $203 million yesterday (Eastern Time, July 21).
The Bitcoin spot ETF with the largest single-day net inflow yesterday was Blackrock's ETF IBIT, with a net inflow of $164 million. IBIT's historical total net inflow has now reached $60.77 billion.
This was followed by Fidelity's ETF FBTC, with a single-day net inflow of $23.1066 million. FBTC's historical total net inflow has now reached $10.017 billion.
As of press time, the total net asset value of Bitcoin spot ETFs stands at $80.938 billion. The ETF's net asset ratio (market value as a percentage of Bitcoin's total market cap) has reached 6.08%, and the historical cumulative net inflow has reached $51.782 billion.
Odaily Crypto research firm Hazeflow founder Pavel Paramonov announced on X platform that he will be shutting down Hazeflow. He stated that this decision was forced by reality and that he will step away from the crypto industry for at least a month before deciding on a future direction, admitting, “I am currently somewhat disappointed with the crypto industry.”
Odaily reported that sources say Samsung is in talks to participate in a new funding round for AI startup Mistral, which could value the company at approximately 20 billion euros. This move would help the French company become a major alternative to US tech giants. One of the sources indicated that Samsung, which has previously backed the company through its venture capital arm, may invest around 1 billion euros in this new round.
The discussions reflect a broader trend among AI developers seeking partnerships with semiconductor suppliers to address the severe imbalance between computing power demand and supply in the industry. Following the Trump administration's ban last month on foreign users accessing Anthropic's latest Mythos and Fable models, interest in alternatives to leading US AI models has been rising among European and Asian companies and governments. Since its inception, Mistral has focused on developing open-source AI models, allowing clients to customize and control them, meaning no company or government can shut these models down. (Financial Times)
