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Citrini analyst Jukan published a response to the recent market rumors regarding bearish notes on NAND and negative news about QLC price negotiations. It is not surprising that SanDisk accepted a price lower than the initial offer when signing a long-term agreement with Meta, as SanDisk is one of the most proactive NAND manufacturers in pursuing LTAs, planning to allocate over 50% of its total shipments to such agreements. Based on this strategy, it is naturally willing to accept LTA prices lower than the current quarterly contract price, and it cannot be inferred that "SanDisk cannot seamlessly resell all orders to higher-bidding North American customers."In response to rumors that Chinese module manufacturers were rejected by domestic CSPs when promoting eSSD, Jukan explained that Chinese CSPs have direct procurement channels with Yangtze Memory Technologies and that the issue is not a lack of demand. Regarding the claim that large-scale cloud providers are driving down prices for QLC eSSD, leading to some volumes not being sold, he believes that new cloud providers have sufficient demand to absorb these volumes.Jukan concluded by stating that negative headlines are more easily amplified when storage stocks perform poorly, but the fundamentals have not shown substantial deterioration. He reiterated that he remains bullish on storage. Previously, Jukan had stated that DRAM contract prices still have about a 40% upside potential until the end of 2027, and HBM supply continues to be tight. This clarification on the NAND side further solidifies his bullish stance on the entire storage sector.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Generali Open: Alexander Bublik vs. Quentin Halys," the option "Alexander Bublik" in the sub-market "Generali Open: Alexander Bublik vs. Quentin Halys" experienced a sharp fluctuation in winning probability, plummeting from 57.5% an hour ago to the current 38.5% (a fluctuation of 19%). Please note the impact of relevant breaking news.

According to Bitcoin News, the latest Senate draft of the CLARITY Act includes a provision that encourages ethical hackers, specifically "white hat" hackers, to responsibly disclose cybersecurity vulnerabilities. The proposal would authorize rewards for individuals who identify and report security flaws, aiming to enhance the protection of digital asset infrastructure before malicious actors exploit these vulnerabilities. This provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, who has long supported innovation in digital assets and market resilience.

According to on-chain analyst @ai_9684xtpa, a certain address opened a 603.71 BTC 40x long position at 10:30 PM last night, worth 38.67 million USD, with an entry price of 64,469 USD, currently showing a floating loss of 259,000 USD.In addition, the address has also placed a limit long order of 31.44 million USD in the range of 63,500 USD to 63,674 USD. If fully executed, the total position will expand to 70.11 million USD. This address has primarily used short-term strategies in the past, with positions mostly held for only a few hours. This long position size is the sixth largest of the year, and if fully executed, it will become the largest size of the year.

According to official news, the one-stop trading platform Dango team announced that due to various reasons, the project has no viable path to achieve sustained commercial success and has decided to shut down. The team emphasized user fund safety, withdrawal restrictions will be lifted in the short term, and advised users to close positions and withdraw funds as soon as possible, while reminding that current liquidity is expected to be thin, and caution should be taken regarding slippage risk.At 20:00 Beijing time on July 29 (12:00 UTC), Dango will stop trading, and remaining positions will be closed at oracle prices. DLP gold deposits will be unlocked, and all funds will be returned to users' spot accounts in the form of USDC.At 20:00 Beijing time on August 13 (12:00 UTC), the Dango L1 blockchain will cease operation. At that time, any deposits that have not been withdrawn will be refunded to the user's original Ethereum deposit address.

According to Jinshi reports, Nvidia announced on Friday that it will collaborate with South Korea's SK Group on an AI project worth over $500 billion, covering large-scale AI data center construction and next-generation memory technology.The plan includes establishing a long-term partnership with SK Hynix, aimed at ensuring Nvidia secures next-generation memory supplies and jointly developing high-bandwidth memory (HBM) for AI training, AI agents, and physical AI applications.SK Telecom plans to build an AI data center with a capacity of up to 2 gigawatts (GW), which will use Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility expected to be operational by 2027.

According to Jinshi reports, Nvidia (NVDA.O) announced that it will invest $1 billion in South Korean internet and cloud service provider Naver for its AI data center project under construction in Korea.Nvidia stated that this funding will allow Naver's data center to expand more than twice its current size. The project is jointly developed by Naver and the American private equity firm Brookfield Group, and will be fully equipped with Nvidia AI computing hardware.In addition, Nvidia has reached a cooperation agreement with SK Group to plan the construction of an AI data center cluster in Korea with a total computing power exceeding 2 gigawatts, which can roughly meet the electricity needs of 1.5 million households.Nvidia revealed that the first AI computing factory built by SK Telecom will be put into operation next year. Nvidia CEO Jensen Huang stated, "Korea is entering a golden development period. The country's semiconductor industry and industrial sector are thriving, and it has the complete capability to build AI infrastructure for the world."

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 62.1%, while the probability of a cumulative increase of 25 basis points is 37.9%. By September, the probability of keeping interest rates unchanged is 15.1%, the probability of a cumulative increase of 25 basis points is 56.2%, and the probability of a cumulative increase of 50 basis points is 28.7%.

Well-known trader Killa (@KillaXBT) posted that the Bitcoin cycle is accelerating, with the last cycle taking only 476 days from the bottom to a new ATH, much faster than the previous two cycles. It is expected that this cycle will also reach a new high before the next halving.Killa, as a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

According to The Block, the World project’s foundation, World Foundation, raised $52.5 million through a strategic sale of WLD tokens, with all tokens locked for one year. This round of "initial delivery" was led by Pantera Capital, with participation from Bain Capital Crypto, Eightco Holdings (NASDAQ: ORBS), Selini Capital, Susquehanna Crypto, and others.The foundation stated that the WLD sold this time is only for internal use within the World Network and does not represent equity or revenue rights in Tools for Humanity. The funds will be used to expand the World ID technology aimed at enterprises, individuals, and AI Agents. Currently, World ID has been integrated with platforms such as Zoom, DocuSign, Okta, Vercel, and Tinder, with over 39 million people having joined the network, of which more than 18 million have completed Orb real-person verification. The current price of WLD is approximately $0.37, with a total market capitalization of about $1.31 billion.

Coinbase is undergoing the largest executive reshuffle in recent years. Chief Talent Officer Lawrence Brock has stepped down and transitioned to an advisory role, while co-head of the institutional division Greg Tusar has moved to a policy position; previously, General Counsel Paul Grewal planned to leave, and Jesse Pollak has stepped down as head of the Base app. After laying off 14% of its workforce in May, Coinbase is accelerating its transformation into a comprehensive trading platform that includes stocks and prediction markets.

The "Contract Whale" updated its position by stating "Set 10 big goals" and that its previously established 4x leveraged BTC long position has triggered the trading invalidation zone and exited with a stop loss.Previously, this address opened a position at around $64,940, holding 2,933.635 BTC, with a position value of approximately $447 million and a margin of about $47.48 million. It stated that it remains optimistic about Bitcoin in the medium to long term, believing that around $60,000 is an important support area. If there are no significant changes in market structure, Bitcoin still has a high probability of challenging $100,000 before March next year.

U.S. Senator Cynthia Lummis released an updated draft of the CLARITY Act, which aims to require digital commodity exchanges, brokers, and dealers to segregate customer assets and prohibit the use of customer funds and assets as the platform's own property.The draft also aims to classify digital commodities held by the platform on behalf of customers as "customer property" in bankruptcy liquidation proceedings, reducing the risk of users being classified as general unsecured creditors.

According to Slow Fog monitoring, the decentralized finance protocol Lien Finance was attacked. The attacker exploited a smart contract vulnerability to mint uncollateralized bond tokens and stole approximately $542,000 USDC.Using this vulnerability, the attacker successfully minted new non-anomalous BondTokens without destroying the corresponding input bonds and exchanged USDC through a pre-authorized address, ultimately transferring about 542,144.63 USDC from the victim's address. Analysis indicates that this incident was essentially due to a validation flaw in the bond token exchange logic, allowing the attacker to bypass asset collateral constraints and mint unsupported assets.

According to Jinshi reports, Morgan Stanley strategists stated in a report that recent data indicates the Federal Reserve will remain steady at the July meeting and may keep interest rates unchanged for the remainder of the year. They noted that the inflation trend in the coming months is crucial, and inflation is expected to decline as anticipated; otherwise, the Federal Reserve may raise interest rates later this year.Currently, the money market has priced in expectations for nearly two rate hikes by the Federal Reserve before the end of the year, but the trend of slowing inflation may prompt the Federal Reserve to maintain the federal funds rate in the range of 3.5% to 3.75%.

A report jointly released by the Bitcoin collateral lending platform CoinRabbit and the computing power platform GoMining points out that managing Bitcoin is more important than mining it. As the block reward drops to 3.125 BTC and the overall network difficulty approaches historical highs, low electricity prices and high uptime only constitute a survival baseline. What truly differentiates mining companies is the method of handling Bitcoin after it is mined.The report suggests that mining companies are shifting from direct sales to collateralized lending to cover recurring expenses such as electricity, custody, and labor. This approach retains exposure to holding Bitcoin while generating cash flow, avoids taxable sales, and preserves the deduction space for operating expenses. The trade-off is that mining companies simultaneously bear the dual risks of price and liquidation when Bitcoin prices decline.Jeremy Dreier, Chief Business Development Officer of GoMining, stated that the miners who can succeed after the halving are those who operate efficiently and have set aside cash in advance for this purpose. The current decline in Bitcoin prices has actually lowered the cost of increasing computing power, creating a window of opportunity for investing in expanding mining machines.

The cryptocurrency exchange BitMEX accelerated the delisting of 65 derivative contracts and spot trading pairs in July, far exceeding the 19 that were delisted in the first six months of this year. The platform attributed the delisting to "insufficient trading interest" and stated that this move is related to its decision to close the exchange. Previously, BitMEX announced that it would officially cease operations on September 23, but did not disclose the specific reason for the closure.Restructuring advisor Roshan Dharia stated that the shutdown of BitMEX reflects the structural pressures faced by mid-sized centralized exchanges: liquidity continues to concentrate on leading platforms, while compliance costs are continuously rising. Earlier, the on-chain analysis platform Bubblemaps revealed that 75% of the total supply of BitMEX tokens BMEX (originally intended for employee incentives, ecosystem growth, and long-term reserves) was never allocated as planned, with the only claim occurring in November 2022. After the shutdown announcement, the price of BMEX dropped by approximately 95%.