The semiconductor and storage sectors continue to slump, with SanDisk down more than 10%, while Micron, Seagate, and Western Digital all fell by over 7%.

According to TradingBeats monitoring, the largest on-chain Ethereum long position address linked to BIT has initiated profit-taking. The address is 0xa5b0edf6b55128e0ddae8e51ac538c3188401d41; it sold 14,000 ETH five minutes ago, worth approximately $34.15 million. Its remaining holdings are valued at around $25.24 million, with an average long entry price of $2,340.86, and the remaining position holds an unrealized profit of roughly $1.83 million. The address has repeatedly received fund transfers from Matrixport, which has since rebranded as BIT. It is currently the largest on-chain ETH long position, with two associated addresses coordinating position-building, making this the primary address.

According to Reuters, crypto advocacy group Stand With Crypto, backed by Coinbase, announced it is endorsing 32 incumbent U.S. congressional candidates in the November midterm elections. All 32 candidates voted last year to advance the Clarity Act—the crypto industry’s top legislative priority—through the House of Representatives. The bill is currently stalled in the Senate due to opposition from some lawmakers. The endorsed candidates include key crypto allies such as Republican Representatives Tom Emmer and Bill Huizenga, as well as Democratic Representatives Ritchie Torres and Josh Gottheimer, with some facing competitive re-election races. “In 2024, we proved that crypto voters are a real, viable force,” said Mason Lynaugh, executive director of Stand With Crypto. “In 2026, we will demonstrate our organizing power—our advocates are a voting bloc that can truly sway election outcomes.” Founded in 2023 by Coinbase, Stand With Crypto influences elections by mobilizing voters rather than relying on large campaign spending, and it currently claims more than 3 million registered “advocates.” In 2024, the crypto industry spent $170 million supporting congressional candidates, most of whom won their races, and helped push through the GENIUS Act, legislation regulating stablecoins. This midterm election cycle, the crypto industry has already allocated nearly $200 million through channels including the Fairshake super PAC to further solidify its influence in Congress.

Tom Lee commented on the U.S. Treasury’s potential move to deploy nearly $1 trillion to support U.S. Treasury bond repurchases. This development is positive for "long-term assets"—including stocks, cryptocurrencies, gold and real estate. The U.S. Treasury’s large-scale repurchase of long-term Treasury bonds will push down long-term interest rates, thereby enhancing the valuation appeal of duration assets, a move that should be regarded as a marginal improvement in the liquidity environment.

Aethir today announced the launch of its ACCELERATE strategic project, securing access rights to 10 AI data center sites in the U.S. and Europe, with a total capacity of up to 20 megawatts. The company disclosed that the total contract value of these sites upon full completion will exceed $2 billion, with up to $700 million in contracts expected to be secured by the end of 2026. The sites support NVIDIA B300 and GB300 clusters, with node sizes ranging from 64 to 256 units, and deployment timelines measured in months, rather than the multi-year construction cycles of traditional data centers. Aethir also announced an update to its IDC token economic policy, introducing a burn mechanism and a floating platform fee. The Aethir Foundation holds equity in Axe Compute.

According to GMGN data, following liquid staking protocol Kinetiq’s announcement of the launch of the new Hyperliquid L2 network Elysium, its governance token KNTQ rallied over 25% in a short period, with market capitalization surpassing $260 million and a 24-hour gain of 45.8%. BlockBeats reminds users that token prices are highly volatile, so caution is advised when investing.

According to OnchainLens monitoring, crypto market maker Wintermute’s short exposure on Hyperliquid has risen from the prior $190.77 million to $211.53 million, while its HYPE short position has shrunk from $11.43 million to $5.6 million. Its current major short positions are approximately $70.8 million in BTC, $53.83 million in ETH, $17.63 million in SOL, $7.41 million in XRP, and $6.79 million in DOGE. It currently has an unrealized loss of around $4.12 million, and has earned a total of $2.27 million in funding fees. Notably, amid a broad rally in crypto assets, market maker addresses including Wintermute were forced to absorb large sell orders rather than actively shorting. For details, see: 90% of tokens are rising—why does Wintermute hold $160 million in crypto shorts?