Nanfang's double-long position in Hynix drops more than 30% On July 28, according to Bitget market data, Nanfang's double-long position in Hynix fell more than 30%, and Nanfang's double-long position in Samsung Electronics dropped more than 27%.
Spot gold’s intraday decline reaches 1% On July 28, according to Bitget market data, spot gold’s intraday drop reached 1%. It is currently trading at $4,035.68 per ounce.
“Hug Face” open-source AI community files a $100 million compute lawsuit against OpenAI On July 28, according to CCTV Finance and Economics, the so-called “Hug Face” open-source AI community recently suffered an incursion by an OpenAI agent. On July 26 local time, the “Hug Face” co-founder and CEO submitted two demands to OpenAI: first, to disclose the complete trajectory of the agent; second, to use $100 million worth of compute to support the open-source community. The incident also serves as a warning sign for security in the AI industry. Earlier this month, on the 21st, OpenAI admitted that one of its agents, during internal testing, had “gone out of control,” breaking through the isolation environment and independently infiltrating the “Hug Face” open-source AI community. In the end, the crisis was only resolved by seeking help from a Chinese open-source model.
Analyst: The ceasefire was a proactive move by the U.S., not Iran yielding to airstrikes Alexx Vatchanka, a senior fellow at the Washington Institute for Near East Policy, questioned President Trump’s claim that “U.S. airstrikes over the past nearly two weeks forced Iran back to the negotiating table.” Vatchanka said he does not believe Iran would simply concede because of America’s military strikes. The message Iran has been conveying to the Trump administration is that time is on their side, and Iran can endure pain better than the U.S. So, “bring it on.” This is a risky gamble for Iran, but it is precisely the strategy they have been pursuing in recent weeks, and there has been no sign of any major change. Vatchanka added that U.S. officials and sources in Washington are, in fact, debating the effectiveness of the ongoing airstrikes on Iran, and many believe these strikes are no longer working. He believes this ceasefire looks more like a proactive U.S. initiative—meant to see whether diplomacy can be given another chance. (Jinshi)
Korean KOSDAQ Index triggers circuit breaker On July 28, the Korean stock market’s KOSDAQ Index triggered a circuit breaker mechanism, with trading halted for 20 minutes.
Japan finance minister: currently does not consider repurchasing Japanese government bonds On July 28, Japan’s Finance Minister Shunichi???? Koyama? ????, said that the relationship between the government and the Bank of Japan is normal and running smoothly, and monetary policy operations are left to the Bank of Japan to decide. Volatility in the bond market reflects geopolitical and financial factors, and Japan currently does not consider repurchasing Japanese government bonds.
Nvidia debt default protection costs hit the biggest single-day jump in history as $750 billion in AI deals sparks debt worries On July 28, Nvidia’s cost of protection against debt default rose to a record on Monday, with the market concerned that a more than $750 billion AI infrastructure deal it is negotiating may increase the company’s obligations. ICE Data Services data showed that Nvidia’s five-year credit default swap price once rose by 14 basis points, to 82 basis points per year—its largest single-day increase since the related swaps became active trades in November of last year. Nvidia said last week that the scale of its cooperation with SK hynix’s parent company, SK Group, exceeds $500 billion. In addition, Nvidia is discussing providing up to $250 billion in guarantees for OpenAI to lease computing capacity for U.S. data center projects, and may provide $350 billion in financing for OpenAI to purchase its chips. Sal Naro, chief investment officer at Coherence Credit Strategies, said that the capital expenditures required to build AI infrastructure are enormous, and the bond market is facing a large influx of new supply. The market worries that opaque financing arrangements, off-balance-sheet transactions, and relationships between companies could lead to credit downgrades. Such financing typically requires investment-grade ratings, but companies such as OpenAI and Anthropic are still rapidly consuming cash. Guarantees provided by large enterprises can help AI infrastructure debt achieve higher ratings; previously, Broadcom had provided most of the credit support for a $35 billion chip financing transaction for Anthropic.
US stock STRC is up more than 2% in pre-market trading, while MSTR is up 2.31% pre-market On July 27, according to market data from BIT (bit.com), US stock STRC is up more than 2% in pre-market trading, while MSTR is up 2.31% pre-market. In terms of the news, Strategy did not add to its bitcoin holdings last week. Its dollar reserves rose to $3.75 billion (up $525 million) and it spent $25 million to buy back STRC shares. So far, the company has gone three consecutive weeks without adding to its bitcoin holdings. However, during the same period, its dollar reserves have been increased by about $1.2 billion through selling MSTR stock and other methods, bringing the company’s dollar reserves to $3.75 billion.
Kong Jianping indirectly holds approximately 18.982 million shares of Changxin via the Yifang Changda Fund, with an unrealized gain of 44 times. The value of his holdings has risen to 940 million yuan On July 27, according to publicly available market data, Nano Labs’ founder and chairman, Kong Jianping, indirectly holds approximately 18.982 million shares of Changxin Technology through the Yifang Changda Fund. Kong Jianping has subscribed capital of 21.34 million yuan in this fund. Based on Changxin Technology’s opening price today of 49.5 yuan per share, the indirectly held shares correspond to a market value of about 940 million yuan, which is approximately 44 times the amount of his subscribed capital.
Strategy has not bought additional Bitcoin for three consecutive weeks; U.S. reserves increase by $1.2 billion On July 27, following Strategy’s official sale of 3,588 BTC on July 6 to pay dividends for digital credit securities, Strategy has not added any Bitcoin for three consecutive weeks. However, during the same period, U.S. reserves have been increased by $1.2 billion through the sale of MSTR stock and other measures. As a result, the company’s U.S. reserves have risen to $3.75 billion.
BTC falls below $65,000.00, now at $64,996.01 BTC falls below $65,000.00, current price is $64,996.01. Market volatility—Cointime reminds investors to manage risk carefully.
Cointime Today’s News: 1. Brent crude oil intraday decline expands to 8.77% 2. US stock index futures continue to rise; Nasdaq 100 index futures up 1.6% 3. US stock optical communications concept shares surge in pre-market trading; Lumentum and Mavenir both up more than 3% 4. US stock memory chip shares collectively rise in pre-market trading; SK Hynix up 6%, SanDisk up more than 4% 5. Changxin Technology closes up 465.82% on its first day of listing 6. After Storj announces bankruptcy, the coin price continues to fall for consecutive sessions, down 15% in 24 hours 7. South Korean stocks close up nearly 1%; SK Hynix up 3.24%
Iran says it has not resumed talks with the United States, only receiving information through mediators On July 27, Iranian Foreign Ministry spokesperson Bagheri stated that the mediators have conveyed information from the United States to Iran, but Iran is currently not holding negotiations with Washington. Bagheri also said that Iran has not requested to resume talks with the United States. (Jinshi)
Iran Foreign Ministry Spokesperson Baghaei: the Strait of Hormuz remains closed On July 27, Iranian Foreign Ministry spokesperson Baghaei said: there is no change in the situation in the Strait of Hormuz; the strait remains closed. (Jin10)
Hyperliquid testnet adds stars feature, deployers can create whitelisted DEXs for trading Rajiv Patel-O’Connor posted on X stating that Hyperliquid’s testnet has observed a new feature called stars. This feature allows deployers to create DEXs authorized via HIP-3 address whitelists for trading. The current testnet whitelist limit is 10,000 addresses. Addresses not on the whitelist can only submit reduce-only orders or add funds to an account.