Global Liquidation of $396 Million in 24 Hours, Over 117,800 People Liquidated Worldwide
On August 3rd, according to Coinglass data, global liquidation in the past 24 hours reached $396 million, with long positions liquidated at $338 million. Additionally, 117,961 people were liquidated globally in the past 24 hours, with the largest single liquidation occurring on Binance - ETHUSDT valued at $2.5956 million.
Korean Listed Company Bitmax Adds Over 56 Bitcoins, Total Holdings Exceed 500 Bitcoins
According to an announcement by KOSDAQ-listed company Bitmax, it has acquired 56.0445 Bitcoins, bringing its total holdings to 500.123 Bitcoins, ranking first among Korean listed companies in Bitcoin holdings. The company stated it will continue to adhere to its strategy of accumulating Bitcoin. Bitmax is a listed company focusing on augmented reality technology development, providing AR software development tools and sensor fusion positioning solutions, while also incorporating Bitcoin into its financial reserves.
Whale Receives 25,540 ETH from FalconX 6 Hours Ago, Accumulated 35,615 ETH Recently
On August 3rd, according to Onchain Lens, a whale received 25,540 ETH from FalconX 6 hours ago, valued at $86.1 million. Previously, this whale received 35,615 ETH, valued at $130.11 million, which was sent to 2 wallets for staking, currently facing a $10 million loss.
Data: Sharplink Adds 15,822 ETH, Approximately $53.68 Million
According to Onchain Lens, listed company Sharplink Gaming has added 15,822 ETH (approximately $53.68 million), raising its strategic ETH reserves to 480,204 ETH, with a current total value of $1.62 billion.
Fed's Williams: Significant Downward Revision of May and June Employment Growth is the "Real News" in Friday's Non-Farm Report
On August 2nd, Federal Reserve's Williams stated that the significant downward revision of May and June employment growth is the "real news" in Friday's non-farm report. He will attend the September meeting with an "open attitude" to discuss potential interest rate cuts.
BONK Has Burned 11.55T Tokens, Approximately $300 Million at Current Prices
According to Adam_Tehc, BONK has burned a total of 11.55T tokens across all products, partners, and wallets, representing 11.55% of the initial supply, valued at approximately $300 million at current prices.
Kugler's Unexpected Resignation May Accelerate Trump's Selection of Next Fed Chair
On August 2nd, Federal Reserve Governor Kugler suddenly announced his resignation, providing US President Trump with an earlier opportunity to fill the Fed vacancy than expected and potentially forcing him to finalize the next chair's selection months in advance. Economist Derek Tang from monetary policy analysis firm LH Meyer stated, "The ball is now in Trump's court, and Trump has been pressuring the Fed, claiming he wants to install his own people. Now the opportunity has come." Since Powell's chair term ends in May next year, but his board member term continues until 2028, Trump would have no chance to fill a vacancy before 2028 if Powell does not voluntarily resign from his board member position. In this case, Trump may be forced to fill Kugler's vacancy with his proposed chair candidate.
Li Ka-shing Sells Off 400 Properties in Greater Bay Area at Low Prices, What Does "Superman" Li Foresee?
Li Ka-shing's family is selling approximately 400 properties in the Guangdong-Hong Kong-Macau Greater Bay Area at low prices, with the lowest total price at only 400,000 yuan. This move is interpreted as a pessimistic view of the Chinese real estate market. Netizens speculate the motivations may involve geopolitics, deteriorating China-Hong Kong relations, and fund repatriation.
Project Crypto Emerges, Who Will Be the Biggest Winner of the New On-Chain Order in the US
US SEC Chair Paul Atkins launches "Project Crypto" new policy, marking a shift from suppression to support. The plan aims to promote financial markets "on-chain", provide compliance paths for DeFi protocols, and introduce a "Super-App" concept to integrate multi-asset trading. ERC-3643 is established as the core standard for tokenized assets, while the SEC will reclassify crypto assets to simplify token issuance compliance. This systematic reform aims to make the US a crypto innovation center and unlock on-chain financial potential.
"No Rate Cut in July, Significant Cut in September"? Market Discusses: Will the Fed Repeat Last Year?
The US July non-farm employment data was unexpectedly weak, with market expectations that the Fed might significantly cut rates in September, similar to last year. Economists point out that the current scenario is similar to last year, but inflation pressure remains a key difference. BlackRock executives believe a 50 basis point cut in September is possible, but futures markets only bet on 25 basis points. Future economic data will determine whether the Fed adopts a "remedial" rate cut.
