24H Trending Coins & Headlines | Citadel May Have Acquired Most of the "AI Stock Guru" Fund's Stock Portfolio; Coinbase and Strategy Release Earnings (July 31)
- Key Takeaways: Both global financial markets and the crypto industry are in a period of intense volatility: the sharp decline in AI-concept stocks triggered hedge fund Situational Awareness to be taken over and liquidated by Citadel; U.S. stocks show tactical buy signals; on the crypto side, Coinbase missed revenue expectations, Strategy suffered massive losses on its holdings, while projects like Aave and Uniswap push forward with structural optimizations, and South Korea accelerates digital asset legislation.
- Key Elements:
- The "AI stock guru" fund Situational Awareness suffered huge losses due to AI and shorting software stocks, was forced to liquidate and sell its Anthropic shares, and Citadel has acquired most of its stock portfolio.
- JPMorgan issued a buy signal for the S&P 500. Historical data shows an average gain of about 3% over the next 20 trading days, but semiconductor crowding and Iran tensions remain risks.
- Coinbase's Q2 revenue was $1.22 billion, down 14% quarter-over-quarter, missing expectations; trading volume fell over 20% quarter-over-quarter, but market share hit a new high of 10.3%.
- Strategy reported a Q2 loss of $8.2 billion, with holdings peaking at 846,000 BTC. It has launched a plan to sell up to $1.25 billion in Bitcoin to replenish reserves.
- South Korea has completed the draft of the Digital Asset Framework Act, considering including AI agent payment oversight and expanding financial authorities' power to freeze suspicious crypto accounts.
- Aave will phase out 50 low-adoption asset reserves and shut down deployments on 6 chains, involving $98.1 million in supply, to reduce risk exposure.
- Prominent figure CZ expressed support for all Meme coins, may buy or sell one or two Meme coins in the coming weeks for testing, and clarified that Giggle donation tokens will be sold to fund education.
1. Hot Coins on CEX
Top 10 CEX Trading Volume and 24h Change:
- BTC: +0.12%
- ETH: -0.39%
- SNDKB: +29.96%
- SOL: +0.36%
- BANK: -62.82%
- BNB: +2.17%
- SKHYB: +22.74%
- MUB: +20.75%
- XRP: +0.33%
- SOXLB: +26.22%
24H Gainers (Data source: OKX):
- GRVT: +480%
- MMT: +46.69%
- xSNDK: +29.62%
- xIREN: +29.26%
- xSOXL: +26.13%
- xSKHY: +22.02%
- CARDS: +19.8%
- ROBO: +18.13%
- xMU: +16.87%
- xMRVL: +16.84%
24H Crypto-Stock Gainers (Data source: msx.com):
- SNXX: 68.26%
- AXTI: 57.67%
- AAOX: 53.28%
- MUU: 46%
- SKUU: 44.04%
- WDCX: 43.57%
- MVLL: 41.02%
- RAM: 40.95%
- COHU: 40.32%
- KORU: 39.98%
2. Trending On-Chain Memes (Data source: GMGN):
- Solana: LUNA, Jimothy
- BSC: MarsCoin, Jacket
- Robinhood: CASHCAT, PONS
Headlines
Sources: "AI Stock Guru's" Fund Is Unwinding Positions After Massive Losses
Odaily News - Sources familiar with the matter revealed that Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner with $24 billion under management, is gradually unwinding multiple trades and scrambling to raise capital following a sharp decline in AI-related stocks and losses on short bets against software companies.
According to sources, Situational Awareness has suffered significant losses in recent weeks. Shares of its AI infrastructure investments, such as SK Hynix, have fallen, while its short positions against software companies like Adobe have incurred substantial losses. It remains unclear whether the fund is selling assets through negotiated deals to meet margin calls or has begun a broader liquidation of its entire portfolio.
Sources also indicated that the fund is attempting to raise liquidity by selling stakes in private companies, including its holding in Anthropic. The exact size of the proposed Anthropic stake sale remains unclear, though people familiar with the process said potential buyers have already expressed interest in acquiring part or all of the stake. (CNBC)
Sources: Citadel Has Acquired Majority of "AI Stock Guru's" Fund Stock Portfolio
Odaily News - According to sources familiar with the matter, Citadel, the investment firm led by Ken Griffin, has acquired the majority of the stock portfolio of AI hedge fund Situational Awareness. Previously reported, Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, was forced to sell its equity assets to relieve liquidity pressure after suffering massive losses on AI-related trades.
Sources said the fund still holds private equity investments, including its stake in Anthropic. Additionally, multi-strategy hedge fund Millennium Management also submitted a bid for Situational Awareness's stock portfolio. Earlier, CNBC reported that Situational Awareness had sold its public market portfolio; the Financial Times reported that the fund has been seeking new capital support. (The Wall Street Journal)
JPMorgan Trading Desk Issues S&P 500 Buy Signal, Expects Tactical Upside in US Stocks
Odaily News - JPMorgan's global market intelligence team released a report stating that its U.S. Tactical Positioning Monitor has issued a buy signal for the S&P 500, as current equity positioning has fallen to levels offering contrarian value. Historical data shows that following similar positioning shifts, the S&P 500 has risen an average of approximately 3% over the next 20 trading days.
The report argues that falling Treasury yields, a weaker dollar, solid corporate earnings, easing tensions in the Middle East, and expectations that the Federal Reserve will hold rates steady will jointly support near-term US stock performance. However, the report also cautioned that overcrowded semiconductor positioning and US-Iran tensions remain key risk factors. (Bloomberg)
Coinbase Q2 Revenue of $1.22 Billion Misses Estimates
Odaily News - Crypto exchange Coinbase reported Q2 revenue of $1.22 billion, down 14% quarter-over-quarter and below the market expectation of $1.29 billion; net loss stood at $359 million. Transaction revenue was $599 million, below the expected $628 million.
Coinbase said total crypto spot trading volume fell more than 20% quarter-over-quarter in Q2, citing declining crypto asset prices and market volatility dropping to multi-year lows. Its crypto trading market share reached a record high of 10.3%, growing for the third consecutive quarter.
Strategy Posts $8.2 Billion Loss in Q2; Bitcoin Holdings Peaked at 846,000 BTC
Odaily News - Bitcoin treasury company Strategy reported Q2 earnings with an $8.2 billion loss, compared to a $10 billion profit in the same period last year. The loss was primarily driven by unrealized book losses on its bitcoin holdings. Strategy said its bitcoin holdings increased 11% in Q2, peaking at 846,000 BTC before it began selling some assets. As of the latest disclosure, the company holds 843,775 BTC. So far this year, Strategy has sold approximately $218 million in bitcoin to pay preferred stock dividends. The company has paused bitcoin purchases for five consecutive weeks, prioritizing the expansion of its dollar cash reserves instead.
At the end of June, Strategy launched a Digital Credit Capital Framework, planning to establish a minimum dollar reserve covering 12 months of preferred stock dividends and interest expenses, and authorized a bitcoin monetization plan of up to $1.25 billion to replenish reserves or pay dividends. CEO Phong Le said the company reduced its convertible note balance by 18% to $6.7 billion in Q2 while increasing dollar reserves by 12% to $2.4 billion. CFO Andrew Kang said the company currently holds approximately $3.75 billion in dollar reserves, enough to cover related expenses for about two years, and has paid dividends on time for 18 consecutive months.
Pavel Durov: Listed as "Terrorist" by Russia for Refusing Mass Surveillance and Censorship Demands
Odaily News - Telegram founder Pavel Durov said in a post on his personal channel that Russia has listed him as a "terrorist" because he refused Russian demands for Telegram to implement mass surveillance and content censorship.
Durov said that under Russian law, he has been banned from "publishing information on the internet," and joked: "Russian officials clearly got it wrong - who exactly can ban whom from the internet."
Industry News
Samsung Electronics: No Plans for US ADR Issuance for Now, Open to ADR in Medium-to-Long Term
Odaily News - Samsung Electronics said it currently has no plans to issue American Depositary Receipts (ADRs) but remains open to issuing ADRs in the medium-to-long term.
TSMC to Develop AI Chip Packaging Technology
Odaily News - Two people with direct knowledge of the project revealed that TSMC (TSM.N) is developing an advanced chip packaging technology similar to Intel's (INTC.O) existing approach. Packaging has traditionally been viewed as a relatively routine step in semiconductor manufacturing, but as AI demand surges and chip designers need to integrate more processors and high-bandwidth memory into increasingly large and complex packages, advanced packaging has become one of the industry's most critical bottlenecks. Intel has developed a packaging technology called Embedded Multi-die Interconnect Bridge (EMIB).
The technology uses small silicon bridges to create high-speed connections between processors and memory. Because it enables larger-scale multi-die designs, resulting in more powerful AI chips and helping chip designers diversify their supply chains, it has attracted interest from potential customers like Nvidia (NVDA.O). Sources said that inside TSMC, engineers refer to this advanced packaging project as "EMIB-like" and have already discussed the approach with some customers. (The Information)
Moonshot AI Renames Company, Possibly Preparing for Overseas Listing
Odaily News - According to public business registration information and disclosures from crypto KOL "思维怪怪," Moonshot AI (月之暗面) has been renamed to "Beijing Moonshot AI Technology Co., Ltd." and its corporate type has changed from a limited liability company to a non-listed joint-stock company. Meanwhile, Yang Zhilin has assumed the roles of Chairman and General Manager, with Zhang Zitong added as a director and Song Sijia as Chief Financial Officer.
The market typically views such changes as "share reform," a key step for domestic companies preparing for overseas listings. Earlier reports suggested that Moonshot AI had sent shareholders a resolution for a Hong Kong listing, potentially completing its IPO within six months, though the company has not officially announced a timeline.
Unitree Robotics Employee Asset Management Plans to Participate in IPO Strategic Placement
Odaily News - Unitree Robotics disclosed in its prospectus for the initial public offering and listing on the STAR Market that its senior management and core employees plan to participate in the strategic placement through asset management plans - Unitree Robotics Employee No. 1 Asset Management Plan and Unitree Robotics Employee No. 2 Asset Management Plan. The strategic placement amount will not exceed 10% of the offering size, or 4,044,643 shares, with total subscription amounts not exceeding RMB 271.5 million. The final strategic placement quantity will be determined after the offering price is set.
Among them, all funds raised by the Employee No. 1 Asset Management Plan will be used to participate in the strategic placement, with RMB 218.5 million allocated for the placement price. All funds from the Employee No. 2 Asset Management Plan will likewise be used for the strategic placement, with RMB 53 million allocated. The list shows that the Employee No. 1 Plan includes 161 participants, including CFO Wang Feng, while the Employee No. 2 Plan includes 10 participants, including Chairman Wang Xingxing, whose subscription amount is RMB 15 million.
Unitree Robotics: Initial Inquiry Date Set for August 5, Offline Subscription on August 10
Odaily News - Unitree Robotics announced that its IPO on the STAR Market will combine strategic placement, offline issuance, and online issuance. The company plans to publicly issue 40,446,434 shares, representing 10% of the total post-offering share capital, which will be 404,464,340 shares. The initial inquiry date is August 5, 2026, and the offline subscription date is August 10, 2026. The company has a special voting rights structure, with actual controller Wang Xingxing controlling 68.78% of voting rights under the differential voting arrangement.
Multicoin Is Long Robinhood (HOOD), Its Largest Public Stock Position
Odaily News - Multicoin Capital general partner Shayon Sengupta revealed on the Hood House podcast that the firm is long Robinhood (HOOD), and HOOD is currently the firm's largest public market stock position.
Robinhood Has Spent $664 Million Buying Back 7.5 Million HOOD Shares This Year
Odaily News - Robinhood CFO Shiv Verma said on the earnings call that the company raised $2.2 billion in June through financing with a 0% coupon rate and no net dilution unless the stock price exceeds $300. Additionally, the company has spent $664 million year-to-date to repurchase 7.5 million shares.
Project Updates
Aave to Retire 50 Low-Adoption Asset Reserves and Shut Down Deployments on 6 Chains
Odaily News - Aave founder Stani Kulechov stated that following a comprehensive review, Aave will retire 50 underutilized asset reserves across multiple deployments. Additionally, Aave is systematically winding down deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, involving another 25 asset reserves. As part of this process, 21 matured Pendle PT tokens will also be retired to make way for new maturing products. In total, these changes involve $98.1 million in supply and $15.6 million in debt. These measures are part of Aave's new risk framework and technical asset listing framework, designed to reduce Aave's economic and technical risk exposure.
Uniswap Launches Beta Version of Launches, Aggregating Popular Token Launches
Odaily News - Uniswap announced the launch of the Launches beta, a new tab in the Uniswap Web App where users can discover popular token launches on Uniswap. Developers of launch platforms such as Bankr, Pons, and Long have chosen Uniswap as their trading infrastructure. Launches provides a distribution channel for projects building on Uniswap and aggregates them in one place.
Odaily News - ENS DAO has published a new proposal on X to establish a full-time operational foundation with a five-member board responsible for managing the endowment fund.
According to the proposal, ENS DAO plans to allocate 1 million ENS tokens for foundation staff salaries. Token holders will retain control over the protocol, including the DAO's ENS holdings, operational wallets, and the power to appoint and remove foundation directors.
Fundraising & Investments
Fortitude Mining Invests $45 Million in Zcash Mining Infrastructure
Odaily News - Fortitude Mining, a mining company under Digital Currency Group (DCG), has signed a purchase agreement worth approximately $45 million covering mining hardware and Nebraska-based infrastructure to advance vertical integration of Zcash mining. The expansion includes a $31.5 million commitment for mining machine purchases and two acquisitions totaling $13.9 million, covering power contracts, land, buildings, and mining equipment. Fortitude said its controlled data center capacity has risen to over 60 megawatts in 2026. Fortitude is advancing a proposed merger with Nasdaq-listed HeartSciences Inc., which would give the DCG mining unit a public listing if completed. In Q
