10 #Bitcoin ETFs outflows 3,062 $BTC(-$302.76M) and 9 #Ethereum ETFs outflows 16,114 $ETH(-$53.01M) yesterday.

According to an official announcement, South Korea’s leading cryptocurrency exchange Bithumb has officially announced its IPO plans, disclosing a three-phase timeline: complete internal control optimization and preparations for conversion to K-IFRS (Korean International Financial Reporting Standards) by 2026; submit a preliminary listing application in 2027; and complete its official listing in 2028. To advance the IPO, Bithumb has rolled out multiple reform measures, including introducing an institutional-level risk management system, pushing forward the spin-off of its subsidiary Bithumb Asset to optimize its governance structure, partnering with large domestic and international securities firms and law firms, and expanding investor relations (IR) communication channels. Bithumb noted that the IPO aims to enhance corporate transparency and investor protection via institutionalized financial standards, and elevate the overall credibility of South Korea’s crypto asset sector.

According to market sources, Moon Shadow (Kimi) plans to submit its Hong Kong IPO application as early as this month, with a potential fundraising of approximately $3 billion. As of press time, Moon Shadow has not publicly responded to or confirmed this matter.

According to official announcements, Binance Alpha will become the first platform to list Squid (QUID) on August 4. Eligible users can visit the Alpha event page and claim the airdrop using their Binance Alpha points once Alpha trading opens.

InPoint Finance, a venture led by Standard Chartered Hong Kong, is set to announce updates on its Hong Kong dollar stablecoin (HKDAP) within August. The firm has earlier secured a stablecoin issuer license approved by the Hong Kong Monetary Authority (HKMA), becoming one of the first institutions to obtain such authorization. Agnes Ng, Chief Executive of Standard Chartered Hong Kong, Greater China and North Asia, noted that InPoint will operate on a business-to-business-to-consumer (B2B2C) model, not directly targeting end users, but delivering services to enterprises, institutions and individual users via authorized distributors. Its application scenarios cover cross-border settlements, tokenized assets and other use cases. She added that the stablecoin’s launch is aimed at supporting the real economy and resolving the efficiency and cost challenges enterprises face in cross-border settlements.

According to monitoring by TradingBeats (formerly Hyperinsight), since the close of trading last Friday through the weekend, the million-dollar-level positions of Micron Technology (MU) and SanDisk (SNDK) involve a total of 7 addresses. As of pre-market trading in US stocks, all these addresses hold long positions, with no million-dollar-level short orders recorded. The total value of these long positions is approximately $29.297 million, with an overall unrealized loss of around $1.193 million; 5 out of the 7 addresses are currently in the red. Specific details: - Micron Technology: 4 addresses hold a combined 16,700 long positions, with a position value of about $13.904 million, a weighted average entry price of $871.6, and the current price is around $834.6, resulting in a total unrealized loss of roughly $617,000. - SanDisk: 5 addresses hold a combined 12,400 long positions, with a position value of approximately $15.393 million, a weighted average entry price of $1,286.1, and the current price is around $1,239.6, leading to a total unrealized loss of about $576,000. Notably, the address starting with 0x0ad holds long positions in both MU and SNDK, with a combined position value of around $14.392 million and an unrealized loss of approximately $600,000, making it the address with the largest position size and loss in this round of US storage stock bets over the weekend. Additionally, the address starting with 0xfe7 holds a 10x leveraged long position of about $3.174 million in SNDK, with an unrealized loss of roughly $312,000. These two addresses together contribute around $912,000 in losses, accounting for 76.5% of the total unrealized loss.

According to Bloomberg, South Korea's Korea Composite Stock Price Index (KOSPI) has become the world's most volatile national stock index, even exceeding Bitcoin in volatility. The KOSPI's year-to-date return volatility has surged to 63%, ranking first among major national stock indices, surpassing Bitcoin's 48%.