A crypto whale withdrew 112,000 ETH from Gemini over the past three weeks and staked the tokens, with the holdings valued at approximately $208 million.
According to Lookonchain monitoring, whale address 0x2e80 has once again withdrawn 19,000 ETH (valued at approximately $35.44 million) from Gemini, and subsequently staked the entire amount. Over the past three weeks, the address has cumulatively withdrawn 112,000 ETH from Gemini, totaling around $208 million, all of which has been allocated to staking.
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Serenity: SK Hynix, Micron, and Samsung have sold out their 2027 DRAM and HBM production capacity, with memory shortages likely to persist.
According to Serenity, citing Digitimes industry chain sources, SK Hynix, Micron (MU), and Samsung Electronics have fully sold out their 2027 DRAM and HBM production capacities, with customers currently able to secure only about 60% to 70% of their initial demand. Serenity stated that current storage supply tightness exceeds market expectations, and 2027 may enter the "most severe storage shortage phase." Meanwhile, SanDisk (SNDK), Samsung Electronics, and Micron’s annual NAND production capacities have also been booked, while Kioxia and SK Hynix are expected to complete capacity allocation by August 2026. Serenity pointed out that although some market views previously predicted a storage oversupply around mid-2027, based on current industry chain conditions, major storage manufacturers have sold out their capacities in advance, keeping supply-demand relations tight. It is learned that capacity allocation quotas between manufacturers and customers have now been basically finalized, but final product prices will still be determined based on market conditions near delivery. The continuous development of AI infrastructure is driving demand for HBM and high-end DRAM, which is likely to remain a key factor in future storage supply tightness.
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South Korea's new regulatory rules have curbed the speculative boom, leading to a sharp drop in leveraged ETF trading volume.
After South Korean regulators took measures to curb demand for leveraged ETFs that had recently driven sharp market volatility, trading volumes of leveraged ETFs linked to South Korea’s two major chip giants have shrunk significantly. The KODEX single-stock ETF tracking SK Hynix, one of South Korea’s largest single-stock leveraged ETFs, saw its trading volume drop to 59 million shares on Monday, the lowest level since June 4. A similar ETF tied to Samsung Electronics also recorded its lowest trading volume since its launch in late May. Peter Park, a Korean equities sales assistant at NH Investment & Securities, said: “The speculative leverage bubble in major tech stocks has been curbed on both the upside and downside. Since investors can sell existing positions without restrictions, but new purchases face a high cash threshold, speculative leveraged trading by retail investors has effectively come to an end.” Earlier, South Korean regulators raised the minimum cash margin requirement for single-stock leveraged ETF investors from 10 million won to 30 million won. Compared with the 12.4485 trillion won in trading volume on the last trading day before the measure (July 30), the current trading size of these products has fallen to roughly one-tenth.
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UCLA marmot research team turns to OnlyFans for fundraising; related Solana meme coin has emerged.
A research team from the University of California, Los Angeles (UCLA) recently launched an OnlyFans account named "OnlyMarms" to raise funds for its long-running wildlife study, unexpectedly drawing attention from the crypto community and leading to the emergence of multiple related Solana meme coins. The project, which has tracked yellow-bellied marmots in Colorado since 1962, is one of the longest-running wildlife studies globally. Facing declining traditional research funding, the team created the OnlyMarms account, using humorous angles like "uncensored marmot content" to attract subscribers to support the research. To date, OnlyMarms has raised around $4,000, but the project still requires $75,000 to $100,000 annually to fund graduate student support and fieldwork. Meanwhile, multiple OnlyMarms-inspired meme coins have popped up in the Solana ecosystem. However, these tokens were all created spontaneously by the community, their issuers are unidentified, and they have no official connection to the UCLA research team. The lead researcher confirmed the team did not create any related tokens. The incident is regarded as an example of the intersection of internet culture, science communication, and the crypto community. Earlier, Solana has seen meme coins driven by internet-famous animals, such as the token based on viral baby hippo Moo Deng, which once reached a market cap of around $680 million in 2024.
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Institutions: Earnings resilience, coupled with the gradual recovery of the Strait of Hormuz, will provide support for the stock market.
UBS believes markets may have underestimated the sustainability of the current earnings cycle, with the degree of underestimation outweighing the impact of geopolitical noise from the Strait of Hormuz. Its core view is that energy flows through the strait will recover gradually rather than rebound rapidly, which will continue to drive stock market upside supported by strong earnings growth.
The bank notes that the U.S. Q2 earnings season was robust, with earnings beats outperforming historical averages in both breadth and magnitude. It still sees upside risk to its 20% EPS growth forecast for the S&P 500 this year, adding that factors like resilient consumer spending and improving cyclical strength should support the rally’s spread beyond large-cap bellwethers to broader market segments.
In Europe, UBS says companies are delivering their strongest performance in over three years, with earnings estimates for the STOXX 600 being revised higher consistently. The bank argues this trend reinforces the view that investors should hold diversified equity allocations to fully capture market gains.
In Asia, UBS forecasts corporate profits will rise 72% this year. (Jinshi Data)
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