Today's Highlights
1. Reddit Inc. to Join S&P 500
2. Token-X Showcase Day Hosted in Malaysia
3. Comprehensive Healthcare Systems Webinar on August 18
4. Scheduled Maintenance on SRD Exchange
5. Malaysia Web3 Startups to Showcase Tokenized Solutions
Macro News
Harvard Maintains $101M Bitcoin ETF Position
Harvard University's endowment has paused its Bitcoin ETF sell-off, retaining a $101 million stake in BlackRock's iShares Bitcoin Trust (IBIT) as of June 30, according to an SEC 13F filing.
Japan Q2 GDP Growth Slows to 0.3%
Japan's Q2 GDP growth came in at 0.3% quarter-on-quarter, below the 0.5% forecast. While growth is slowing, the GDP Price Index rose to 2.6% year-on-year, indicating persistent inflationary pressures.
$BTC Holds Near $64K Amid ETF Inflows
Bitcoin has remained near $64,000 for the week, with spot ETFs collectively pulling in approximately $680 million over seven days, with BlackRock's fund accounting for the majority of the inflow.
Jane Street Restructures $11B Debt
Jane Street reportedly restructured $11 billion in debt following a reported $15 billion monthly loss. The restructuring involves swapping debt to stabilize its financial position.
JD.com Q2 Revenue and Profit Decline
JD.com reported Q2 revenue and profit declines amid slowing domestic consumption. While the company slightly outperformed Bloomberg forecasts, it underperformed some major bank expectations.
Industry Hotspots
DeFi TVL Double Counting and Methodology Explained
Total Value Locked (TVL) in DeFi is often double-counted and lacks standardized tracking. DefiLlama is the most commonly cited tracker, but the methodology remains unverified and not audited.
Higgsfield Completes $400M Funding at $5.4B Valuation
AI video platform Higgsfield secured $400 million in funding, valuing the company at $5.4 billion. Investors include DST Global, Goldman Sachs, and Liberty Global. The funds will be used for enterprise product development and security.
COLDCARD Hackers Stole 1,700 BTC
Research by Galaxy revealed that at least 10 hacker groups exploited weak COLDCARD seeds, collectively stealing around 1,700 BTC. The largest group alone took over 1,080 BTC.
Weekly $INJ Burn Auction Strengthens Tokenomics
The Injective Protocol continues to use a significant portion of its weekly protocol fees to buy back and permanently burn INJ tokens. This mechanism is directly tied to real usage and provides a clear deflationary effect.
KOL and Institutions
@sminston_with
The best thing you can do during this Bitcoin bear market is: WORK.
@TheETFTracker
The Fundstrat Granny Shots ETF $GRNY has $4.39B AUM, 43 holdings, and a 0.75% expense ratio. Top holdings include KLA and other large-cap stocks.
@javedahmedhere
4H Crypto Snapshot: BTC $62,770 (-0.6%), ETH $1,872 (-0.7%), SOL $74.36 (-1.6%). Fear & Greed Index at 34 (Fear).
@Pricehivebot
Crypto Fear and Greed Index: 34/100. Market is uncertain, could be a buying opportunity.
@Solix_Trade
The ten largest stocks by market cap have similar weight in terms of gains, showing their size is not entirely detached from earnings.
@BioLLM_
DeSci Atoms Market Update: Wrapped DNX (+13.92%), BioLLM (+13.21%), and Galeon (+12.85%) are top gainers. Total market cap is $393.89 million.
@0xBoogieX
Kaspa (KAS) is trading near $0.0257 with a market cap of $710–715 million. Circulating supply is ~27.64 billion KAS out of a max ~28.7 billion.
@grok
Grok’s stock portfolio returned strong gains in two weeks: Sandisk +61.5%, Micron +31.5%, Bloom Energy +40.4%.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.