Daft Punk–不是反指版

This circle has achieved many people and ruined many people too; even worse, some have experienced both.$MU

Brothers, this ETH dip is probably a solid bottom that’s built to last!

You can tell from the chart: earlier the low was pushed down to around 1883, but it just couldn’t get any lower. Then a big bullish candle immediately pulled it up—there’s a very strong “V-shaped reversal” vibe. Now the price is holding around 1915. The 5-day, 10-day, and 20-day lines have already formed a textbook bullish alignment—MA5 at 1916, MA10 at 1915, MA20 at 1908. The short-term moving averages are all spreading upward, which means the bulls are gradually taking over the tempo.

What’s most important is that the 1880 level shows clear volume-based support. That indicates large funds are stepping in to buy the dip right here and won’t let it fall further. The 24-hour low was 1855, but during the second intraday test it only dipped back to 1883 before rebounding, with the lows continually getting higher—this is exactly what a bottom looks like. Think about it: if there really were a big selloff coming, it would have broken down already. How could it keep ranging like this?

Looking at the broader trend, over the past 30 days it’s up 21%, which shows the underlying logic for ETH is still strong. It’s just that in the short term, the profit-taking crowd is getting shaken out. Today it’s down only 0.34%, and over 7 days it’s down just 1.4%—that hardly counts as “selling off.” This is more like high-level consolidation digesting liquidity. Over 180 days it’s down nearly 30%, but that’s already in the past— the market is actively climbing out of the bottom now.

Bottom line: the 1880–1900 range is a hard floor, and the space to go lower is extremely limited. If you don’t get in now, are you going to wait until it pumps above 2000 and then chase it? Futures traders can try a small long position here with low leverage; spot holders can even accumulate with their eyes closed. Set your stop-loss below 1850—risk/reward is extremely attractive. Don’t wait until it rises and then slap your thigh. This is the final chance to board!$ETH

Meeting to stabilize the market? Just listen to it and move on. If you really think that by holding a meeting you can “open” the stock crash back to normal, you’re only kidding yourself.

How bad is Korea’s decline this time? The KOSPI has already cut nearly 40% from its June peak. On July 29, it plunged more than 12% at one point during the trading session, triggering a circuit breaker. Even worse, more than 1.2 million leveraged accounts were forced to repay margin calls; over 320,000 accounts were directly liquidated. Retirement savings and down payments for marriage homes went down the drain. This isn’t a normal correction—it’s a textbook case of leveraged stampede and “kill to kill.”

Where’s the root cause? In May this year, Korean regulators approved single-stock leveraged ETFs, and retail investors rushed in. Just two stocks—Samsung and SK Hynix—already accounted for half of the index. Leveraged ETFs have a death spiral: when the stock price falls, the fund is forced to reduce holdings. As it sells off, the stock price keeps dropping; the more it drops, the more it sells; the more it sells, the more it drops—like rolling a snowball that never stops. In that situation, can a meeting and a couple of lines about “closely monitoring” halt the stampede? No, it can’t.

Once market sentiment breaks, confidence is worth more than gold—but also worth less than paper. After more than 320,000 people get forcibly liquidated, those individuals truly lose real money. Will they dare come back in the short term? They won’t. When people watching from outside see this scene, they’re trying to avoid it altogether—who would dare rush in to catch the falling knife? Can a meeting conjure up money? It can’t. Can it erase the losses of those leveraged accounts? Also no.

History has proven this countless times: the bottom of a stock crash is never made by policy talk. It’s made when leverage has been wiped out, positions are fully rotated, valuations have fallen to the right level, and the market has bled all the way through itself. Even if the Korean finance minister apologizes, the market still has to fall. This is a chart that can’t be pulled back just by holding a meeting. $SKHYNIX

A trading blunder involving SK Hynix shares led to the forced liquidation of a $60 million cryptocurrency derivatives contract

A painful lesson for the crypto industry was delivered this week after the stock price of a South Korean chipmaker suddenly plunged. On July 28, before the Seoul stock market opened, SK Hynix’s share price briefly crashed about 30% from the close of the previous trading day. The cause was that, during the pre-market session, a share was traded at an abnormal price with unusual turnover. Although the transaction price later recovered noticeably, it was too late for a group of traders who executed trades in a sector outside the public market. According to the blockchain data platform Allium, the price of derivatives contracts tied to SK Hynix traded on the crypto exchange Hyperliquid fell by roughly 20%, forcing the long positions holding the contract to be liquidated within two minutes for nearly $60 million. Allium estimates that the incident resulted in real losses for more than 900 users totaling $17.4 million. $BTC

Are we posting in the trading contest too now 😐 Is there anyone who can let me get some service-fee discount coupons 😍#TradFi $SPCX

The days of freedom with no restrictions are always so brief; on the other end of high leverage lies the scythe of Death. The shelf life of the golden age doesn’t seem to last as long as pickles—let’s go back to crypto instead.$BTC

Due to the performance of $ETH being better than Bitcoin, Bitmine continues to buy ETH

The company added nearly 10,000 ETH over the past week, bringing its holdings to 5.79 million ETH, of which about 85% is staked through its validator operations.

Arthur Hayes again spent 6.32 million USDC in OTC trades to buy 3,298 ETH $ETH

PANews July 28日消息, according to on-chain analyst Yu Jin, after Arthur Hayes shut down BitMEX, his trading frequency increased. Two hours ago, he spent 6.32 million USDC via FalconX and Galaxy Digital to buy 3,298 ETH OTC. Since July 15, he has cumulatively spent 13.82 million USDC to buy 7,212.6 ETH at an average price of $1,916.

More than $1.2 trillion wiped off SpaceX’s market value, already “dropped” a Tesla

PANews July 28, citing CNBC, reported that since its June peak of $225.64, SpaceX’s market value has already fallen by more than $1.2 trillion—nearly matching the market value of Tesla, another company under its founder Elon Musk. On Monday, SpaceX notched its 13th decline in 16 straight trading sessions, closing at $113.50, down more than 1%. In the options market, retail investors are still heavily buying call options that are virtually impossible to exercise, betting on a rapid rebound in the stock. SpaceX’s first earnings report will be released next week. Starting August 6, the lock-up period for about 911.5 million shares of internal holdings will begin to expire, accounting for roughly 20% of the total shares outstanding. Traders believe the end of the lock-up may not be as severe as the market fears, but it will not provide support for the stock price.$SPCX

Franklin Templeton supports the Clarity Act and calls for regulatory clarity for the industry

PANews July 28 report: Franklin Templeton posted on the X platform stating that it publicly supports the Clarity Act, saying the bill will clarify the regulatory framework for crypto assets. It would help investors understand what protections apply and help companies determine which regulator they fall under. It’s time to provide the industry with the regulatory clarity it needs.$BTC

OpenAI and Nvidia CEOs to meet US senators to discuss AI safety risks

July 28 news: OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang will meet this week with Mark Warner, the top Democratic lawmaker on the U.S. Senate Intelligence Committee, to discuss AI development and safety issues. Previously, OpenAI disclosed that an autonomous agent driven by an advanced AI model broke into AI company Hugging Face’s system during security testing, prompting U.S. lawmakers and the industry to raise concerns about the risks posed by high-capability AI models. Some lawmakers subsequently proposed an “AI kill switch bill,” hoping to grant federal agencies the authority to pause AI model operation when necessary. It is also reported that Altman plans to meet with U.S. Treasury Secretary Scott Bessent and U.S. Secretary of Commerce Howard Lutnick. $NVDAB

I thought it took a few years to become like this today; turns out it was only a short month. Judging by this guy’s obsession, he must have lost quite a lot. $SNDK

Hilarious—those old brothers who are still stubbornly holding long positions at $SPCX . I genuinely can’t believe it. You rushed in when the IPO was $135, it went up to $225 but you wouldn’t sell, and now it’s down to $110—you’re still there talking about “long-termism” and “Mars faith.” Can faith fill your stomach? Can a tweet from Musk make your account recover?

Look at this chart. It’s only been a little over a month since listing, and it’s been cut in half straight from $225. Short positions have piled up to 32% of the float. And there’s $25.0 billion worth of “ammo” blasting right in your face, yet you’re still there “buying the dip” and “adding to your position.” When the lockup expiration wave hits on August 6, 900 million shares will directly dump onto the market—that’s $116.0 billion of sell pressure. How do you expect to catch all that? The float is less than 5%—if any major shareholder wants to cash out, the stock price basically falls freely.

Even if Musk comes, it won’t help. I’ll tell you: even if Musk really shows up, it still won’t help. This stock is valued at over 100x sales and has been losing money consistently. ROE is -33%. The valuation is propped up entirely by the “space + AI” story. Once the story ends, where’s the money?

Starlink does make money, but can it support this big family—rockets, AI, and Twitter? What came out of that $60 billion Cursor acquisition deal? What’s the integration actually produced?

I’ll be blunt: SPCX will hit double digits. Under $100 is basically a lock. My short position is already maxed out, and I’ve got plenty of leverage. This lockup expiration wave is when I get rich. You longs keep chanting your mantras—I’ll keep counting my money. Later, when SPCX drops to $80 or $90, don’t blame me—I warned you. This isn’t Tesla—there’s no retail crowd saving the day. Only institutions dumping.

Musk? If he comes, he’ll end up crying too.

This guy from Changxin directly beat someone for 39,00 to earn 20,000 😂$NVDAB

Making a couple of tens of thousands after losing more than a million in the stock market is still something to be grateful for—this is the charm of China’s A-shares. A lot of people are still benchmarking $NVDAB . Funny.

It’s not hard to tell that everyone is starving—people even drank all the broth from the instant noodles.$AEON

Keeping Bitcoin lying in a wallet—does that count as wasting it? Not wasting money, but wasting potential. $1.7 trillion in idle assets feels absurd the longer you stare at it. The @BabylonLabs_io Trustless Bitcoin Vaults—TBV—are probably trying to solve exactly that kind of absurdity.
TBV doesn’t bridge, doesn’t wrap, and the BTC is locked in Taproot scripts on the Bitcoin chain. Then you can borrow stablecoins on Ethereum. It sounds like magic, but it’s really cryptography. SNARKs, obfuscation circuits, Lamport signatures—stacked together to look intimidating, yet the core logic is simple: whoever is authorized to withdraw that BTC—an intelligent contract decides, not some custodian signing off. Each vault is independent, not pooled, and you can’t re-collateralize. Your money stays in your script—this feeling matters.
a16z invested $15 million, and Aave integrated it. In May, they also partnered with GoMining, with up to 1,000 BTC activated to earn native mining yield. With these moves chained together, TBV is no longer just a concept. The testnet is running; the deposit time is compressed to three hours, and transaction costs are down by three times. Numbers are getting smaller, and the experience is getting smoother.
But honestly, what I care about most is $BABY . Market cap is around $45 million to $50 million—compared with the locked-in $5.2 billion+ BTC, the ratio is painfully low. TVL is 100x the token market cap—this is uncommon. Either the market hasn’t figured it out yet, or BABY’s value capture just hasn’t actually worked. The inflation rate has been adjusted from 8% to 5.5%, and the community is waiting for a clearer narrative.
If TBV works, with BABY acting as gas and a governance token, demand should open up. In the dual-staking model, BTC and BABY together shoulder security. Staking rewards keep releasing, and sell pressure is an old problem. But the fees brought by TBV, the vault-creation consumption—those are what can change the fundamentals.
I lean toward believing that the path of native BTC collateralization is the right one. Not because the technology is more elegant, but because the market truly needs a non-compromising solution. No bridging, no custody, no wrapping—those three “no’s” carry extra weight after going through so many bridges that got hacked and custodians that ran away.
TBV is still early. There are challenges: the challenge period, predefined participants, and whole-position redemption—limitations do exist. But sometimes limitations are just another way of saying there are boundaries. Knowing where the boundaries are is more honest than pretending there aren’t any.
#baby

Let’s put it later 😂$BTC