U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

According to data from the Kobeissi Letter, the assets under management (AUM) of leveraged semiconductor ETFs have fallen from their June peak of roughly $163 billion to $100 billion, a cumulative decline of about $63 billion, or 39%—the largest drop since April 2025. Semiconductor ETFs accounted for approximately 63% of all capital outflows from U.S. leveraged ETFs over the same period. Analysts argue that the sharp decline in AUM reflects capital flight rather than investors voluntarily taking profits. Since capital flows into leveraged ETFs are generally regarded as a real-time indicator of speculative positions, the large-scale capital outflow from the semiconductor sector sends a clear risk-off signal. From a cross-asset perspective, sentiment toward high-beta risky assets is broadly weak, and sustained outflows from leveraged tech stock positions tend to further tighten market liquidity. However, the current asset size of leveraged semiconductor ETFs is still around 400% higher than it was in January 2023, leaving room for additional capital outflows if market momentum continues to deteriorate. For MU contract traders on the Hyperliquid platform, past large-scale outflows from semiconductor leveraged funds have often coincided with significant directional swings in semiconductor stock prices, so the ongoing worsening capital flows can be seen as a leading indicator worth monitoring.

Multicoin Capital, as the sole institutional investor, has injected $1.75 million into Trasia Labs’ seed round, marking its official entry into the Hyperliquid ecosystem. Trasia is a perpetual contract trading platform built natively on Hyperliquid, primarily targeting the Asian market. Co-founded by Mable Jiang—former partner at Multicoin Capital and ex-chief revenue officer of the Stepn team—and Web3 practitioner Edison Chen, Trasia officially launched its first web version on July 17, supporting both Chinese and English. A mobile app is scheduled for release in August, and the platform has already launched an invitation-only Asia Points loyalty program. Currently, Trasia integrates with Hyperliquid’s native perpetual market via a non-custodial model; it plans to roll out its own perpetual contracts based on the HIP-3 protocol, focusing on asset categories of high interest to Asian investors, including AI infrastructure and pre-IPO assets. Officials stated that over $35 million in HYPE and USDC has been allocated to support the Asian stock perpetual market and related ecosystem growth.

Spain beat Argentina 1-0 in the early hours of Beijing time today to claim the 2026 US-Canada-Mexico World Cup title. After the match, US President Trump personally presented the FIFA World Cup Trophy to the Spanish team. Data from Predict.fun shows that the total trading volume of its "2026 World Cup Winner" market has reached $320 million, making it the hottest market recently.

US Central Command (CENTCOM) announced that it launched a new round of strikes against Iran at 7 PM ET today, marking the ninth consecutive night of such operations. The strikes aim to further degrade Iran’s military capabilities, as Iran had previously attacked commercial vessels and civilian seafarers transiting the Strait of Hormuz. (Source: Jinshi)

Arkham data shows that 84 million BANK tokens (of Lorenzo Protocol) were transferred from the BANK Foundation address to a newly created wallet, then moved to an Aster deposit address, valued at approximately $13.7 million. Market data indicates BANK has rallied more than 3 times over the past three days, briefly topping $0.21, and is now trading at $0.163 with a 24-hour gain of 53.7%.

Predict.fun’s World Cup Finals have officially kicked off. Centered on the Argentina vs. Spain match, 30 fan token markets are now live, covering multiple dimensions including match outcome, score, goals, corner kicks, and player performance, with nearly 200,000 fan tokens released in total. Supporters of the eventual winning team will split the 260,000 USDT final prize pool based on their points rankings.