BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

After Samsung, Western Digital, and Toshiba, SK Hynix has been found to implement a "refund-only, no replacement" policy for SSD after-sales services. A recent Reddit user filed a warranty claim for their SK Hynix SSD, but due to the brand’s lack of replacement stock, the resolution offered was not an exchange for the same model, but a refund of the original purchase price. This is especially problematic amid the ongoing surge in SSD prices. Taking SK Hynix’s Platinum P41, P51 and other models as examples, prices for some capacities have risen significantly from their previous lows, with some even reaching around twice their original price. For users who bought SSDs at low prices in the past, if their units fail and they only receive the original purchase amount back, they may no longer be able to afford an equivalent-specification product. More importantly, this practice is backed by SK Hynix’s existing warranty terms. The brand’s official website terms clearly state that if a product cannot be repaired or replaced, a refund will be issued for the lower of the original purchase price and the current market fair value. Therefore, a more accurate description is not that SK Hynix has completely canceled SSD replacements, but that in cases where replacement stock is unavailable, some after-sales cases use the original-price refund scheme. For consumers, the core issue is that after SSD prices rise, the original-price refund may no longer cover the cost of repurchasing an equivalent product.

BitMart founder Sheldon stated that he has completed forensics on the content of the public accountability statement previously released by a BitMart employee via the exchange’s official X account, adding that the content is entirely false. Sheldon also said he will file a police report during U.S. daytime hours and send a lawyer’s letter to X to request technical and data forensics on the relevant content. He emphasized that employee assets do not take priority over client assets, noting that all users are clients and no privileges apply to anyone. Earlier, a BitMart employee publicly questioned the whereabouts of the exchange’s assets and the handling of related issues. Sheldon had previously announced that he would respond to the exchange’s asset whereabouts by the 19th.

According to Lookonchain’s monitoring, Changxin Storage has risen above $9. A whale has shorted 2.9 million units of Changxin Storage, with a position value of $26.13 million, and is currently incurring a total loss of over $11 million, including $3.82 million in funding fees and $7.26 million in unrealized losses.

DefiLlama data shows Huobi HTX’s net capital inflow over the past 24 hours hit $11.82 million, ranking first among global mainstream centralized exchanges (CEXs). This figure further reflects the market’s sustained focus on Huobi HTX’s platform liquidity and user confidence. Meanwhile, Huobi HTX’s 13th Anniversary Carnival Month is currently underway. Since the event launched, user engagement has steadily risen, with participation exceeding 20,000 users and over 30,000 prize pool rewards distributed. Huobi HTX officials noted that the 13th anniversary is not only a user appreciation initiative but also a key milestone for the platform’s ongoing development and user-centric services. Moving forward, Huobi HTX will continue to prioritize user experience, asset liquidity, and long-term value building, rolling out more anniversary perks and community activities.

CXMT has surged above $9. The whale(0xf292) shorting 2.9M $CXMT($26.13M) is now down over $11M in total, including $3.82M in funding fees and $7.26M in unrealized losses.

CryptoRank Research released a report showing that the total stablecoin market capitalization reached approximately $308.3 billion in July, a roughly 1% drop from June, and has stayed within the $300 billion to $320 billion range for 10 consecutive months. A total of around $13.3 billion in capital flowed out between May and July, marking the longest period of consecutive net outflows for stablecoins since 2022-2023. Usage of USDT and USDC continued to diverge: USDT on-chain transaction count hit an all-time high of 861.4 million in July, rising 11.4% month-over-month, while USDC transaction count fell to 656.7 million. In terms of on-chain transfer value, USDC led with roughly $3.6 trillion, 2.6 times higher than USDT’s $1.4 trillion. Stablecoin payment applications continued their growth: stablecoin payment card top-ups surpassed $1 billion for the first time in July, hitting approximately $1.084 billion, up 15.9% month-over-month. Of this total, USDC top-ups rose 46% month-over-month, significantly outpacing USDT’s 7% growth. Additionally, financing in the payment sector totaled around $244 million in July, ranking second in the crypto industry’s financing volume.