律动BlockBeats

Original title: The Treasury's $4 Billion Band-Aid
Original author: Marcus Nunes
Compiled by: Peggy
Editor’s note: On August 19, the U.S. Department of the Treasury announced an expansion of long-term Treasury bond repos. The maximum single-repo size for 10–20 year and 20–30 year Treasuries was increased from $2 billion to at least $4 billion. Previously, the yield on the 30-year Treasury briefly rose to around 5.34%, the highest level since 2007; after the news was released, yields on the long end fell rapidly.
This gives the market an intuitive reason to stay bullish: the Ministry of Finance is taking a more proactive approach to improving long-dated bond liquidity, and it may even create some kind of “Treasury backstop” expectation.

Over the past two days, HYPE has surged from around $58.5 to $73.7, a two-day gain of about 26%. It’s still only about 4% away from the $77 all-time high.
While the coin price is approaching a new high, Hyperliquid also has one good thing after another.
pre-IPO contracts go to the SEC
The first piece of news comes from the Hyperliquid Policy Center. Together with trade[XYZ], it submitted a comment letter to the SEC, responding to the U.S. regulators’ public request for input on reforming the IPO process, and proposing that pre-listing perpetual contracts be included in regulatory discussions.
The starting point of this opinion letter is the traditional IPO pricing process, where price discovery and order allocation are confined for a long time to a small number of underwriting institutions. In its materials, HPC claims that the number of companies listed on U.S. exchanges has fallen by about 40% compared with the mid-1990s. Companies stay in the private market longer, and ordinary investors often have to wait until the growth phase is close to its end before they get a chance to buy. When a company prepares to go public, the underwriting banks privately collect orders, while the issuer and the public can only see the real price provided by the market after the stock begins trading.

BlockBeats message: On August 20, according to TradingBeats (formerly Hyperinsight), monitoring shows that the address Oxde...9524 associated with the “ETH mega bull” demonstrated extremely precise trading rhythm on ETH. Its historical completed trades maintain a 100% win rate. Tracing its operation path, this giant whale began laying the groundwork as early as August 7, going long 10,000 ETH at an average price of $1,913.23. After realizing a profit of $193,300, it slightly reduced its position, and subsequently its holdings saw no major changes.
The main highlight began late on August 19. That whale went on a major long position of 25,000 ETH at 21:12 the previous night at an average price of $1,919.68. It then replicated its early-August strategy—after making a small profit, it quickly cut nearly 50% of the position. Later, at 22:06, it added to the long by 5,206.61 ETH, opening at an average price of $1,933.07. Within an hour, the long and short switching was nothing short of precise.

BlockBeats message: On August 20, according to the <t-2/> Korea Economic Daily, Samsung Electronics plans to announce this month a shareholder return plan with a scale of about 150 trillion won, exceeding the 100 trillion won figure reported earlier today by other media. It is expected to include measures such as share buybacks and cancellations and special cash dividends. The size may set a new high in the history of listed South Korean companies.
Insiders said Samsung Electronics plans to hold a board meeting this month to review the related shareholder return plan. Previously, the market expected the return size could be as high as 200 trillion won, but considering the company’s basic principle of using 50% of free cash flow (FCF) for shareholder returns, the final figure is expected to fall between 150 trillion and 160 trillion won.

Original title: Beware the Bond: Operation Twist is Back
Original author: Trader Joe
Translated by: Peggy
Editor’s note: This week, the U.S. 30-year Treasury yield briefly rose to around 5.34%, reaching its highest level since 2007. Subsequently, U.S. Treasury Secretary Bessent announced an expansion of the long-term Treasury repo program, increasing the maximum single-tranche repo size for a portion of 10–30-year Treasuries from $2 billion to at least $4 billion. The relevant arrangements will be implemented from September 9 to November 4. After the news was released, long-end yields fell and the U.S. dollar weakened, providing some support to risk assets.

BlockBeats message: On August 20, according to U.S. financial media Semafor, amid the U.S. view that talks between Iran and Oman have fallen into a stalemate (which had previously seemed like a rare and potentially productive negotiation channel), U.S. President Trump’s latest moves to avoid escalating military action against Iran are taking place. A U.S. official and a White House official said the U.S. government believes the Iran–Oman talks broke down weeks ago. The talks had proposed the possibility of reaching a paid agreement in the Strait of Hormuz, which left Trump frustrated. The Omani embassy did not respond to the U.S. side’s views on its negotiations.

BlockBeats news. On August 20, according to monitoring by TradingBeats, the “BIT-related mega whale,” which had previously had an unrealized loss of about USD 88.5 million, finally waited until the price returned to the vicinity of its cost basis, without selling any of the 120,000 ETH.
As of the time of writing, the four addresses under the name of this mega whale still collectively hold about 120,000 ETH, with a position value of approximately USD 271 million. The average comprehensive entry price is USD 2,261.23.
As ETH rebounded, its positions were fully unwound and came out of the red at one point this morning. Now, amid a slight pullback, the total unrealized loss is about USD 108,000. After completing its entry, the entity continued to hold the positions, successively topping up margin, and stubbornly endured an earlier paper loss of nearly USD 88.5 million while waiting for the price to rebound. Its most recent liquidation price has fallen to about USD 1,195.95. If the approximately USD 4.9 million in funding fees paid cumulatively since opening the positions is included,