Odaily Planet Daily News, according to Hyperinsight monitoring, Changxin Technology (CXMT) is currently trading at $7.73, up approximately 4.15% over the past 24 hours. However, its current hourly funding rate has dropped to -0.2139%, with the actual settlement rate for the previous hour at -0.1212%, indicating that the absolute value of the negative funding rate has further expanded by 76.5%.
If the current rate remains unchanged, holding a $10,000 short position in CXMT would incur approximately $21.4 in funding fees per hour, accumulating to about $171.1 over 8 hours and roughly $513.4 over 24 hours.
This extreme negative funding rate is accompanied by a noticeable discount. CXMT's current mark price stands at $7.73, while the oracle price is approximately $8.02, reflecting a discount of about 3.70% for the contract relative to the oracle. Its 24-hour trading volume is approximately $15.22 million, while the value of open interest reaches about $76.03 million — with open positions nearly five times the daily trading volume.
CXMT currently has a total of 1,072 long addresses and 823 short addresses, representing a long-to-short ratio of approximately 1.3:1 by address count. Among large holders with position values exceeding $1 million, there are 5 longs and 2 shorts, bringing the long-to-short ratio up to 2.5:1.
However, in terms of position value, the large-holder long-to-short ratio is approximately 0.94:1, with short positions still exceeding longs by about 6.5%. The weighted average entry price for large-holder long positions is approximately $6.92, while that for short positions is around $6.53 — indicating that both sides are currently in varying degrees of unrealized loss.
Monitoring shows that short positions are primarily concentrated in an address beginning with 0xf29. This address holds approximately $22.4 million in CXMT short positions with 1x leverage, with this single position accounting for nearly 30% of the total CXMT open interest across the entire platform.
The average entry price for this short position is approximately $6.5, with a liquidation price of around $15.9. It currently faces an unrealized loss of approximately $3.52 million. Additionally, the cumulative funding fees paid have reached approximately $1.72 million.
According to GMGN data, Odaily reports that the market cap of SOL Meme coin CATE briefly surged past $40 million, with a 24-hour gain of over 100%, currently standing at $40.8 million.
Previous report: DOGE owner clarifies: CATE is unrelated to me, only DOG and COCORO are recognized as official projects.
Odaily News, August 3rd — According to SoSoValue data, the crypto market showed mixed performance across sectors, with the SocialFi sector standing out with a 24-hour gain of 1.18%. Within the sector, Gram (GRAM) and Chiliz (CHZ) rose by 1% and 1.03%, respectively. Meanwhile, the Layer1 sector gained 0.94%, with Cardano (ADA) up 5.08% and Algorand (ALGO) up 7.84%.
In other sectors, the PayFi sector rose 0.92% in 24 hours, with Ultima (ULTIMA) up 3.09%; the CeFi sector gained 0.91%, with NEXO (NEXO) up 1.25%; the Layer2 sector rose 0.81%, with Starknet (STRK) up 3.90%; the Meme sector gained 0.47%, with MemeCore (M) up 8.71%; and the DeFi sector rose 0.20%, with Ethena (ENA) up 8.68%.
Additionally, the NFT sector fell 4.96%, with Audiera (BEAT) down 6.95% within the sector.
The crypto sector indices reflecting historical sector performance show that the ssiSocialFi, ssiCeFi, and ssiLayer2 indices rose by 1.37%, 1.14%, and 1.03%, respectively.
Odaily News: According to Hyperinsight monitoring, a whale address starting with 0xc278 has concluded 61 rounds of BRENTOIL trading since starting to trade Brent crude oil on March 19. Of these, 59 rounds were long positions and only 2 were short positions, with long positions accounting for 96.7%. All 61 rounds of trading resulted in a total net loss of approximately $2.431 million, with million-dollar-level heavy positions contributing 99.4% of the losses.
Yesterday, its Brent long position once again triggered a system liquidation. The entire liquidation process closed out 47,600 BRENTOIL long positions, with a liquidation trading volume of approximately $4.046 million, a weighted liquidation price of about $84.99, and a total loss of approximately $275,000. After the liquidation, this address no longer holds any Brent positions.
Before the liquidation, BRENTOIL on Hyperliquid fell from a high of $91.68 on Sunday to a low of $82.81, a maximum decline of 9.7%; its final backup liquidation price was approximately 7.6% lower than the high. This round of decline mainly occurred after Trump stated he would suspend a new round of strikes against Iran and said a Middle East ceasefire agreement was close to being reached.
The whale's three rounds of long positions in early April recorded losses of approximately $882,000, $513,000, and $460,000 respectively, but has since continued to almost exclusively go long on crude oil, repeatedly recording the largest single liquidation on the entire network.
Odaily News - Morgan Stanley has upgraded South Korea's stock rating from equal-weight to overweight, stating that the recent "leverage clearing" provides a better entry point for investors to participate in artificial intelligence trades and industrial supercycle themes. Strategists including Daniel K. Blake wrote in a report that with the significant unwinding of crowded trades and leveraged positions, the KOSPI index still has 36% upside to its target of 9,000 points. The index fell as much as 5.5% on Monday, following a record 18% surge last Friday.
Analysts noted that the recent selloff was "mainly driven by technical factors," adding that "the deleveraging process for leveraged ETFs, hedge fund leverage, and retail margin trading is more than halfway through." Morgan Stanley expects the KOSPI index to fluctuate within a range of 5,500 to 10,500 points in the short term, and believes that Samsung Electronics and SK Hynix will provide valuation support for the market. Stocks in sectors such as industrials, defense, and financials are expected to benefit from positive catalysts. (Jin Shi)
Odaily News: Driven by major clients such as Nvidia, AMD, and Broadcom aggressively securing capacity, TSMC's 3nm process is expected to achieve its original target of 180,000 wafers per month by early Q4, ahead of the year-end schedule. Meanwhile, orders for the 2nm process are also heating up rapidly, with monthly wafer shipments expected to approach 100,000 units by the end of this year as planned. (Taiwan Economic Daily)
Odaily News According to Bloomberg data, the year-to-date return volatility of Korea's KOSPI index has reached 63%, surpassing Bitcoin's 48% over the same period, making it the most volatile market among major national stock indices tracked by Bloomberg. The high volatility in the Korean stock market is primarily attributed to excessive market concentration. Samsung Electronics and SK Hynix together account for over 50% of the KOSPI index's weight, making the index highly dependent on the performance of the semiconductor sector.
Additionally, the retail investor-dominated leveraged ETF market in South Korea has further amplified market fluctuations. These leveraged ETFs and the two major chip stocks once accounted for over 70% of the daily trading volume in the Korean stock market. Data shows that Korean retail investors have cumulatively purchased over 110 trillion won (approximately $77 billion) in KOSPI stocks this year, but their herd behavior of chasing gains and cutting losses has also intensified market volatility, gradually turning the Korean stock market into a highly leveraged trading market centered around Samsung Electronics and SK Hynix.
Odaily News: Arthur Hayes posted on platform X, stating that attention should be paid to this week's Federal Reserve H.4.1 report to confirm whether Japan's Ministry of Finance is using its U.S. Treasuries in repurchase agreements to obtain dollars, followed by selling dollars to buy yen. If Bessent can raise the counterparty limit, the Federal Reserve could use U.S. Treasuries held by Japan's Ministry of Finance as collateral to create money.
Earlier, U.S. Treasury Secretary Scott Bessent stated that the U.S. and Japan have taken coordinated foreign exchange actions in response to the "disorderly fluctuations" in the yen market.
Odaily News: On August 3, at the listing ceremony for five-year Chinese government bond futures held at the Hong Kong Exchange, Wu Qing, Chairman of the China Securities Regulatory Commission, stated that in supporting enterprises' listings in Hong Kong, the process for filing overseas listings will be actively optimized, enhancing standardization and transparency, and actively supporting eligible mainland enterprises to list in Hong Kong. (China Securities Journal)
Odaily News: A-share CXMT's decline has narrowed, currently at 53.28 yuan. Earlier, its drop had expanded to as much as 5%.
