A certain crypto address spent only $121.4 to buy the token "Niulai" two days ago, yielding a return of over 2,315 times.

Although stock markets have rebounded sharply from the panic sparked by a sell-off in chip and artificial intelligence (AI)-related stocks, data shows that short selling volumes continue to rise. Data released by South Korea’s exchange on Sunday indicates that as of Tuesday, South Korea’s stock market had an open short position balance of approximately 19 trillion won (around $13.4 billion), an increase of 2.27 trillion won from 16.73 trillion won at the end of last month, marking a 14% rise. At the end of February this year, the short balance stood at 15 trillion won, dropping to 12 trillion won in early March before climbing back to 23 trillion won in early June. So far this month, South Korea’s benchmark KOSPI has gained 6%, while the tech-heavy KOSDAQ index has surged 20%. Last month, South Korea’s stock market plunged amid concerns over the profitability of AI-related investments, which could weaken chip demand. Still, investors remain wary of the market’s rapid short-term gains and are uncertain whether the chip sector has peaked.

Alex Thorn, head of research at Galaxy, published a note cutting the probability of the CLARITY Act passing in 2026 to 10%. He noted the bill’s core hurdles now stem more from political than policy factors, including ethical restrictions on government officials engaging with the crypto industry, opposition from the banking sector—especially community banks—and disputes over developer protection provisions. Thorn added that Senate Majority Leader John Thune has scheduled the Senate to hold its first vote on the CLARITY Act shortly after it wraps up its recess in mid-September, leaving only a roughly two to three week window to advance the legislation. If senators fail to immediately launch the advancement process upon returning to Washington, the bill would need to occupy nearly the entire legislative session to have any chance of passing in 2026. Separately, the U.S. Securities and Exchange Commission (SEC) had planned to advance two crypto regulatory measures: Reg Crypto and the "Innovation Exemption," but both have recently been delayed again. Thorn believes the SEC had previously delayed action at least in part to avoid disrupting CLARITY Act negotiations, and now that the bill is stalled, the regulator may accelerate advancing its independent regulatory framework. He projects that regardless of whether the CLARITY Act ultimately passes, the SEC is likely to release the full text of Reg Crypto, the "Innovation Exemption," or both in the coming weeks to months.

According to the San Francisco Standard, a 12-acre mansion in Hillsborough, California, sold for $70 million, with the actual buyer likely being 31-year-old Wu Yuhuai, co-founder of xAI. The transaction is the highest-priced residential deal in Northern California so far this year. Property records show the buyer listed for the estate at 3000 Ralston Avenue—whose main residence spans roughly 12,000 square feet—is Daikon no Hana Capital LLC. However, Jia Xu, the broker handling the buyer’s transaction, also represented Wu in a $12 million purchase of a Los Altos Hills home last year. Additionally, the managing attorney of that firm transferred Wu’s previous residence into a family trust approximately one week before the current deal closed, leading to speculation that Wu is the actual buyer. Wu co-founded xAI in 2023 alongside Elon Musk and others, and contributed to the development of Grok. In February this year, shortly after xAI was acquired by SpaceX via an all-stock transaction valued at $250 billion, Wu announced his departure from the company. The estate includes a 6-bedroom main home, a roughly 4,600-square-foot guest house, plus amenities such as a tennis court, a 9-hole golf course, a 150-seat outdoor amphitheater, a koi pond, and a 2,100-gallon saltwater aquarium. The property was first listed last fall for $88 million, later reduced by $10 million, and ultimately sold for $70 million.

Although the stock market has rebounded sharply from panic triggered by plummeting chip and artificial intelligence-related stocks, data shows that short selling volumes continue to rise. According to data released by the Korea Exchange on Sunday, as of Tuesday, South Korea’s stock market open short interest stood at approximately 19 trillion won (around $13.4 billion), an increase of 2.27 trillion won from 16.73 trillion won at the end of last month, marking a 14% rise. This year, short interest hit 15 trillion won in late February, dipped to 12 trillion won in early March, then climbed to 23 trillion won in early June. So far this month, South Korea’s benchmark KOSPI has gained 6%, while the tech-heavy KOSDAQ index has surged 20%. Last month, South Korea’s stock market plunged over concerns about the profitability of AI-related investments, which could dampen chip demand. Still, investors remain wary of the market’s rapid, overheated rally in the short term and are uncertain whether the chip sector has peaked.

According to market data, Binance’s ANTHROPIC Pre-IPO trading pair rose 8.47% over the past 24 hours, currently trading at $1,802, up more than 21% in the last four days, with a 24-hour trading volume of $19.57 million. Notably, earlier the Financial Times interviewed six Anthropic investors, who noted that Claude’s demand and revenue are growing so rapidly that Anthropic could double its valuation from $965 billion in May to nearly $2 trillion. Based on Binance’s Pre-IPO contract current quote of ~$1,802 USDT and its reference share capital of 1 billion shares, Anthropic’s implied valuation stands at approximately $1.802 trillion. If using some investors’ expected IPO valuation of $2 trillion as a benchmark, the contract still holds around 11% theoretical upside potential. Investors’ top priority is revenue growth: Anthropic announced in May its annualized revenue exceeded $47 billion, and these investors project it will hit $100 billion to $120 billion by year-end. One investor even estimated Anthropic could be valued at $3 trillion using a 30x revenue multiple. However, these figures are only the investors’ own projections. Multiple investors added that Anthropic’s executives have not yet privately finalized an IPO valuation target.

Harvard University’s endowment fund’s latest 13F filing shows that as of June 30, its holdings of BlackRock’s spot Bitcoin ETF (IBIT) remained at 3.0446 million shares, valued at approximately $101.4 million — matching the exact number held at the end of the first quarter, ending two consecutive quarters of reductions. Harvard had cut its IBIT position by 21% in Q4 2025, followed by a 43% reduction in Q1 2026. Currently, IBIT accounts for roughly 2.4% of Harvard’s disclosed $4.26 billion U.S. equity portfolio. Its gold-related product holdings are worth more: as of the end of Q2, its combined positions in the iShares Gold Trust (IAU) and SPDR Gold Trust (GLD) total approximately $171.2 million. Harvard previously liquidated its BlackRock spot Ethereum ETF holdings worth $86.8 million, and added no new Ethereum-related positions in the second quarter. Harvard’s largest holding is SpaceX, with 12,935,100 shares valued at $2.21 billion, making it the largest single stock position disclosed in the filing. The total U.S. equity assets Harvard disclosed in this filing are approximately $4.3 billion, meaning SpaceX’s stake accounts for 52% of that total. Among other institutions, Abu Dhabi sovereign wealth fund Mubadala and the Abu Dhabi Investment Council each maintained their IBIT positions unchanged at 14.7219 million shares and 8.2187 million shares respectively, for a combined value of approximately $764 million. JPMorgan Chase increased its IBIT holdings from roughly 8.3 million shares to 10.4 million shares; Morgan Stanley cut its IBIT position from 17.3 million shares to approximately 16.5 million shares, a 4.5% reduction.