Following a slight rebound, selling pressure above SK Hynix has intensified, with over $12 million in short positions suspected to have been placed at the high.

Bank of America Securities noted in a research report that the six-month lock-up period for MINIMAX-W will expire tomorrow (the 8th), which is expected to cause stock price volatility. However, the stock may be included in the Hong Kong Stock Connect on August 6, a development that could provide liquidity support. The broker maintains a "Buy" rating on MiniMax, with a target price of HK$500.

Crypto Quant analyst Axel Adler Jr noted in a post that Strategy (formerly MicroStrategy) recently sold 3,588 Bitcoin (BTC) worth approximately $216 million, marking the company’s largest-ever BTC sale. No significant market selloff followed, with BTC prices remaining around $63,000. This is Strategy’s first large-scale net BTC sale since December 2022. The sale was completed in two batches: 1,363 BTC sold between June 29 and 30 at an average price of ~$59,256, generating $80.8 million; and 2,225 BTC sold between July 1 and 5 at an average of ~$60,773, netting $135.2 million, for total proceeds of ~$216 million. The funds will primarily be used to cover preferred stock obligations and replenish USD reserves, and do not represent a shift in Strategy’s long-term Bitcoin strategy. The company currently holds approximately 843,775 BTC, with USD reserves of ~$2.55 billion. The sale accounts for only ~0.4% of its BTC holdings, positioning it as a liquidity management move rather than a reduction signal. In derivatives markets, the sale news sharply cooled Bitcoin futures sentiment: the Composite Market Index fell from ~80 (bullish territory) on July 6 to 32.6 (bearish zone), near 20, indicating leveraged funds are turning defensive. BTC’s price reaction was limited, remaining above its 30-day fair value. Markets view the sale as a passive liquidity operation, not a systemic exit from Bitcoin by Strategy. The current market is in a "neutral to cautious" state: prices remain relatively stable, but derivatives positions have weakened significantly. If the Composite Market Index rebounds above 55, market risk appetite may recover; if it stays below 45 long-term, BTC could further drop below its fair value.

According to Coinglass data, the Coinbase Bitcoin Premium Index has stayed in negative premium territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, extending the longest consecutive negative premium record since the index’s launch. Prior to this, the index recorded 40 straight days in negative premium from January 16 to February 24 this year, surpassing the previous record of roughly 30 consecutive days set during the "1011 Crash". Historical data indicates that prolonged negative premium is typically accompanied by U.S. institutional capital outflows, or signals that the market faces certain short-term correction pressure.

According to data from prediction market platform Predict.fun, the 2026 FIFA World Cup Round of 16 will feature Argentina vs Egypt. As of press time, the market gives Argentina an approximately 85% chance of advancing, while Egypt holds a roughly 14% probability, with traders generally favoring defending champions Argentina to reach the quarterfinals. Notably, both sides fought 120 minutes to narrowly advance in their previous rounds: Argentina eliminated Cape Verde in extra time, leaving their defensive line and physical condition somewhat tested; Egypt defeated Australia via penalty shootout, securing their best World Cup performance in team history. This match will also mark the first direct World Cup showdown between Messi and Salah.

Former Tether Chief Investment Officer Richard Heathcote plans to sell part of his stake in Tether, which currently stands at approximately 1.26%. The secondary equity sale is being handled by PJT Partners, and the firm is currently in talks with potential buyers.

According to monitoring by on-chain tracker ai_9684xtpa, address 0x907…CC0a9 deposited 1,988 ETH to Bybit four hours ago, valued at roughly $3.53 million. The address previously built a position of 6,000 ETH at an average price of $3,178.78 on January 20 this year. If it sells all the ETH deposited in this transfer, it will suffer a loss of approximately $2.785 million. Calculated at the current deposit price of around $1,777.49, its position has shrunk by about 44% over more than five months.