大晖哥Whdysseus

Thank you uni!
In the past month, spot returns were 50%, and uni’s position ratio was 77%.
$UNI
$BNB $AAVE

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US stocks are about to enter the “23-hour trading era”
The Nasdaq has officially announced that the 5×23 trading system has been approved by the U.S. SEC, and is expected to go live on December 6, 2026.
At that time, US stocks will close for only 1 hour each day, with continuous trading for the remaining 23 hours.
Trading sessions:
Day session: 04:00–20:00 U.S. Eastern Time (17:00–09:00 Beijing time, next day)
Night session: 21:00–04:00 U.S. Eastern Time (10:00–17:00 Beijing time, next day)
Trading halt window: 20:00–21:00 U.S. Eastern Time (09:00–10:00 Beijing time, next day)
What does this mean?
Global investors will be able to trade US stocks almost anytime, no longer constrained by traditional market open and close times. US stocks will form an approximately 7×24-hour trading ecosystem alongside the crypto market and the foreign exchange market.
For assets with more volatile price movements—such as AI, semiconductor, and crypto-related stocks—the efficiency of price discovery will further improve, and cross-border fund flows will become smoother.
For the past few years, the crypto market has been trading 7×24. In the future, US stocks are also moving in this direction.

Grayscale sold Uniswap (UNI) and used the proceeds to proportionally buy other existing index constituents (i.e., ONDO, AAVE, ENA, CRV, LDO).
Weight change: After rebalancing, UNI’s weight in the DEFG fund decreased from 42.12% to 34.16%.
$UNI

Grayscale DeFi fund rebalances, selling UNI
Grayscale’s DeFi fund (DEFG) rebalances quarterly according to the CoinDesk DeFi Select Index (DFX). It sold UNI and redeployed the capital to existing holdings.
As of August 3, before the rebalance, UNI accounted for 34.16% of DEFG’s holdings—making it the largest position by far. After the rebalance, the fund’s constituents become five tokens: ONDO, AAVE, ENA, CRV, and LDO.
If it sounds a bit strange that it “is forced to sell because it’s gone up too much”—that’s essentially what happened. The index was adjusted, triggering passive selling, with no relation to any fundamental assessment of UNI.

Minimax officially included in the Hong Kong Stock Connect, effective from August 6
Minimax (02557.HK) was formally added to the Hong Kong Stock Connect eligible list on August 6, allowing mainland investors to trade the company directly through the Stock Connect.
Previously, due to its dual-class share (WVR) structure, the company had to meet an additional requirement of “being listed for at least 6 months + 20 trading days,” which meant it joined the program nearly two months later than Zhipu.
What does this mean for liquidity?
After Zhipu was included, southbound capital continued to net buy; the average daily turnover rose from about HK$300 million before inclusion to more than HK$1.5 billion.
Minimax currently has an average daily turnover of about HK$240 million, and after inclusion, liquidity is expected to see similar improvement.
Minimax’s differentiated path:
Unlike Zhipu’s bet on the coding track, Minimax has chosen a multi-modal direction.

Gold is back.
Spot gold has broken through $4,300 per ounce, marking the first time it has risen above this level since June 18.
This suggests that risk-averse sentiment in the market has clearly intensified.
Factors that typically drive gold higher include:

Stronger expectations for Fed rate cuts
Rising global geopolitical risks
A weaker US dollar and falling real yields
Central banks around the world continuing to accumulate gold

$PAXG

Move’s “language father” Sam Blackshear leaves Sui and joins Anthropic for AI safety
The departure of the technical soul is a blow to Sui in the short term. But CEO Evan Cheng takes over the technical side directly, and the Move Foundation is also preparing. Blackshear has pledged to continue his involvement.
The CTO has jumped to the AI safety track—Web3 talent is flowing in a one-way direction toward AI.
$SUI $ANTHROPIC

Chinese tax authorities have begun imposing a 20% tax on overseas policy income. Beijing and Hangzhou have already taken action.
Previously, this area was a regulatory blind spot; now that CRS information is exchanged, overseas policy dividend data is entirely transparent.
How big is the impact? Insurance companies that heavily rely on mainland visitors traveling to Hong Kong to buy insurance are directly panicking.
UK stock market: Prudential once plunged 13%, HSBC once fell 7%, and Standard Chartered dropped by more than 5%
US stock market: Prudential fell by more than 5%, and HSBC fell by more than 3%
The appeal of Hong Kong insurance policies is being weakened layer by layer.

Youshu Technology launches its IPO subscription on August 10, with an estimated profit of 200,000 yuan per lot
Youshu Technology (688836) officially kicked off the initial inquiry for its STAR Market IPO on August 5. Online and offline subscription will begin on August 10, with the company expected to officially list in late August.
A record-breaking listing schedule:
March 20: accepted by the SSE
June 1: passed the STAR Market review—only 73 days
July 2: received the CSRC registration approval—104 days end to end
Breaking the STAR Market review-speed record
Issue details: The company plans to publicly issue 40.4464 million shares, all newly issued shares with no transfer of existing shares. The estimated offering price is about 104 yuan. One lot is 500 shares, with an estimated subscription payment of about 52,000 yuan.
Expected returns:
Based on Hyperliquid’s quoted price of $68.2 (about 460 yuan RMB), the estimated upside is 443%, with an estimated profit of about 178,000 yuan per lot. If market sentiment runs high, the actual profit could exceed 200,000 yuan.
Using the Hyperliquid price, the corresponding market capitalization level after listing is approximately 185.8 billion yuan.
Very low odds of winning a bid: Based on STAR Market conventions, the online winning rate may be only around 0.03%, which is more than a dozen times lower than a previous popular stock, Changxin Tech (winning rate 0.47%).
Shareholding structure: Founder Wang Xingxing holds 31.29%, corresponding to a share value of 58.1 billion yuan.
External shareholders include the Meituan group (9.65%), Sequoia China (7.11%), 经纬创投 (5.45%), Xiaomi Shunwei Capital (4.425%), and CITIC Securities (4.49%). Alibaba, Tencent, and ByteDance hold 0.673%, 0.596%, and 0.596% respectively. Beijing Robotics Industry Development Investment Fund holds 3.83%, Shenzhen Capital group holds about 2.55%, and China Internet Investment Fund holds 2.11%.
Performance data: In 2025, revenue was 1.699 billion yuan, and non-recurring profit after deduction (non-GAAP) was 591 million yuan.
#Unitree

Deng Yongping reduces holdings in Pop Mart, lowering the stake ratio from 7.65% to 5.55%
H&H International Investment managed by Deng Yongping reduced its holding in Pop Mart from 7.65% to 5.55% on July 30, 2026.
Down by about 2.1 percentage points, it still remains a major shareholder. Notably, Deng Yongping had previously increased his stake twice in early June and early July. At the time, the market interpreted it as a sign of long-term optimism, but selling began within less than a month.

For these years, everyone has been talking about “BTC as collateral,” but there aren’t many truly native solutions—most still need to be wrapped first, then bridged across chains.
Babylon @BabylonLabs_io ’s approach has been clear: let native BTC not depend on Wrapped BTC or cross-chain bridges, and instead participate in on-chain economic activity directly.
From a Bitcoin staking protocol that once reached $7.2 billion in TVL to today’s launch of Trustless Bitcoin Vault (TBV), the first use case is to collaborate with Aave v4 and explore native BTC collateralized borrowing.
If this architecture can be made to work and integrated by more DeFi protocols, its significance may go far beyond just a new product.
After all, Bitcoin has the largest on-chain asset base in the world. Once native BTC truly enters the on-chain credit market, the growth potential of the entire DeFi ecosystem could be reopened.
Do you think native BTC collateralized borrowing will become the next DeFi growth driver?

$BABY #baby

Bain Capital just made over $10 billion on chips, and then turned around to buy bubble tea.
After investing for nearly 8 years, Bain Capital sold Japanese storage-chip giant Kioxia (formerly Toshiba Memory) for a profit of more than $10 billion. It then acquired Taiwan bubble tea brand Gong Cha for $635 million.
From chips to bubble tea—that’s quite a big leap.
Founded in 2006, Gong Cha originated in Kaohsiung, Taiwan. Today, it has opened more than 1,500 stores across over 20 countries and regions worldwide. Its product lineup includes milk-foam tea, fresh milk tea, fruit tea, pearl milk tea, and more. It has also enlisted actor Lee Min-ho as a spokesperson, giving it strong influence in markets such as South Korea, Hong Kong, and the United States.
After making more than $10 billion in the high-end tech industry, then pivoting into the consumer space—this is probably the rhythm of top-tier PE firms: tech to drive valuation, and consumer to generate cash flow.

Babylon @BabylonLabs_io ’s testnet for the “Trustless Bitcoin Vault (TBV)” has been made public.

Go experience the complete process of native Bitcoin collateralized lending—deposit BTC into the vault, then directly borrow USDC and USDT on Aave v4, with no wrapping involved. You keep control of the private keys throughout.

In the early testnet stage, it’s actually one of the most direct ways for regular users to participate in building the project.

$BABY #baby

Japan’s permanent residency requirements tightened significantly: annual income must meet the standard, and pension must be high enough
Japan’s Immigration Services Agency (ISA) has announced a new plan for permanent residency, with conditions clearly stricter than before. The new scheme will undergo a public consultation, to be implemented in April next year; however, the annual income thresholds will apply starting from applications submitted from this April.
Key changes:
First, the economic requirements are raised substantially. Under current rules, applicants must be “able to independently support their livelihood.” The new plan changes this to “economic conditions equal to or better than those of Japanese nationals,” requiring a sustained annual income level that exceeds the average for Japanese households.
Second, a new pension eligibility threshold is introduced. The expected pension amount must reach the level of someone who has paid into the Employees’ Pension for 30 years. If applicants cannot meet this standard, they may supplement with financial assets.
Third, the required length of residence is extended. The current spouse special exception is “marriage lasting 3 years or more + 1 year of residence in Japan.” In the future, this will be raised to “marriage lasting 5 years or more + 3 years of residence in Japan.”
Japan’s permanent residency visa is shifting from a “time-based threshold” to an “income-based threshold.” For ordinary employees and international students, this path is becoming narrower.

Surging demand for AI infrastructure has triggered large-scale shortages of components such as storage chips, prompting leading PC manufacturers including HP, ASUS, and Acer to begin using ChangXin Technology’s DRAM chips.
According to sources, several major PC manufacturers completed the validation process for ChangXin Technology’s DRAM chips by the middle of this year, and have started limited-scale deployment in laptop computers. However, quantities and model options remain very limited, as ChangXin prioritizes much of its production capacity to serve mainland China customers such as Huawei.
In addition, PC manufacturers are relatively cautious about adopting Chinese chips, fearing it could anger major global storage chip suppliers such as Micron, Samsung Electronics, and SK hynix.
ChangXin’s DRAM entering the global PC supply chain is just the first step, but it still has a considerable way to go before reaching large-scale adoption.
$KORU $SOXL

A trend worth paying attention to:
On-chain decentralized exchanges (DEX) are steadily eroding the spot market share of centralized exchanges (CEX).
Latest data shows:
• DEX/CEX spot trading volume share reaches 24%, a new all-time high
• A year ago, this figure was only 17%
• Spot trading volume is expected to fall to $670 billion, the lowest in nearly 12 months
• The peak within 2026 reached $2.23 trillion, a decline of nearly 70%.
Why?
1. CEX spot trading remains weak; centralized exchanges such as Coinbase and Gemini have been cutting jobs and focusing on cost reduction and efficiency.
2. DEX user experience is improving rapidly, such as on Uniswap:
• Aggregators provide better liquidity
• Cross-chain routing is faster
• Execution efficiency continues to improve
3. Users are becoming increasingly accustomed to trading on-chain and self-custodying assets.
This means:
In the past, the debate was about CEX vs DEX.
In the future, what’s more worth watching is:
Whether crypto trading will gradually migrate from “platform” to “protocol.”
24% may be just the beginning.
$UNI

Suppose you have a batch of BTC in your hands that you haven't moved because you think, "it's too complicated to use." Now imagine this process: you don't have to send the coins to any platform, you don't need to convert them into wBTC—just store the native BTC in a vault as collateral, then borrow USDC on Ethereum for emergencies or to carry out other operations. All the while, the private keys stay entirely in your own control.
This is basically the scenario that Babylon @BabylonLabs_io and the Trustless Bitcoin Vault (TBV) aim to achieve. The first application is native Bitcoin lending in cooperation with Aave v4, and the public testnet is already live.
For people who have been holding BTC long-term but don't know how to put it to use, this direction is definitely worth paying attention to.
$BABY #baby

The U.S. Department of Homeland Security has issued its latest list of import restrictions, effective August 3.
43 Chinese companies, including Chia Tai Foods, Sincere Foods, and Septwolves, have been included.
For products like sunflower seeds, dumplings, and tangyuan, the bar for entering the U.S. market is now higher.

What is the stated reason for the sanctions?

The U.S. side accuses these companies of sourcing raw materials from Xinjiang and of involvement in so-called “forced labor.”

Chia Tai Foods: Has long purchased agricultural raw material such as sunflower seeds and dried jujubes from Xinjiang
Septwolves: Purchases and uses Xinjiang long-staple cotton as a raw material for clothing
Sincere Foods: Its supply chain involves procurement channels for related raw materials from Xinjiang

The A-share broad market hasn’t dropped much, so the national team likely won’t step in.
In this situation, my personal advice is: don’t take “flying knives” (impulsive trades) without caution.
For tech stocks’ downward trend like this, you must wait for a sideways move, consolidation, and stabilization before it’s worth looking at.
If trading volume is above 400 billion (RMB), it indicates the market is staying calm and active funds have started to become more conservative.
With more than 3,700 stocks rising, most people’s subjective experience today should be fairly good.
But subjective feel and making money are two different things.