A crypto whale purchased 50,000 ETH from a Fidelity-linked wallet and may subsequently transfer the holdings to Coinbase for sale.
Per monitoring by Onchain Lens, a whale purchased 50,000 ETH from a Fidelity-associated wallet yesterday, valued at approximately $95.73 million. Three hours ago, the whale transferred 36,530 ETH (worth around $69.94 million) to a new address. On-chain data shows that, based on the address’s past transaction patterns, these funds may subsequently be moved to Coinbase for sale. The relevant address is: 0x951A4d24BA0F038B9872F253C380836Db9E67D53.
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Hyperliquid's development team redeemed 433,000 HYPE tokens and sold them, valued at approximately $24.25 million.
According to EmberCN’s monitoring, HyperLabs, the development team of Hyperliquid, redeemed 433,000 HYPE tokens from staking this morning, worth $24.25 million, and has sold them via market maker Flowdesk. Over the past several hours, 165,000 HYPE have been transferred to Flowdesk; 75,000 HYPE were deposited into Hyperliquid and sold for USDC; another 90,000 HYPE, valued at $5.04 million, have been moved to OKX and Bybit.
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BlackRock’s IBIT Accumulatively Added 7,320 Bitcoin This Week, Valued at Around $478.5 Million
According to monitoring by Onchain Lens, the address of BlackRock’s spot Bitcoin ETF IBIT withdrew 1,840 Bitcoin from Coinbase Prime today, valued at approximately $119 million. The ETF has accumulated a net addition of 7,320 Bitcoin this week, worth around $478.5 million.
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Crude oil closes lower, with a US official stating that Oman and Iran have made progress in talks over the Strait of Hormuz.
According to Bitget market data, both U.S. WTI and Brent crude oil closed lower this week: U.S. WTI crude fell 1.32% to $76.35, while Brent crude dropped 1.54% to $81.50. On the news front, U.S. officials said negotiations between Oman and Iran over the Strait of Hormuz have made progress, with an agreement expected soon. Once an accord is announced to restore unimpeded commercial shipping through the Strait of Hormuz, the U.S. will lift its blockade on Iranian ports. U.S. actions will remain contingent on implementation and tied to Iran’s fulfillment of its commitments. Meanwhile, Hassan Kashkavi, spokesperson for Iran’s Majlis National Security and Foreign Policy Commission, stated that Iran and Oman have finalized the overall framework of a memorandum of understanding (MOU) related to Strait of Hormuz shipping, with the final text and specific details to be released shortly. Earlier on August 6, Iran published details of the preliminary text of its proposed Strait of Hormuz strategic management plan, which includes provisions banning hostile parties from transiting the strait, with violators facing fines of up to 20% of the value of the goods involved.
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U.S. stocks saw the three major indexes close higher on Friday, with SpaceX surging nearly 16%.
According to BIT (bit.com) market data, U.S. stocks closed on Friday: the Dow Jones Industrial Average rose 0.28%, the S&P 500 gained 0.6% to hit a new closing high, and the Nasdaq climbed 1.3%. SpaceX (SPCX.O) surged 15.8%, Qualcomm (QCOM.O) rose 4.6%, and NVIDIA (NVDA.O) added 2.2%. Most storage-related concept stocks closed lower: SK Hynix (SKHY.O) fell nearly 4%, Micron Technology (MU.O) dropped 0.4%. The optical communications sector rallied sharply: Applied Optoelectronics (AAOI.O) jumped 9%, Lumentum (LITE.O) rose 6.2%, Corning (GLW.N) gained 5.4%, and Marvell Technology (MRVL.O) added 3.8%.
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US Treasury Secretary: Nonfarm Payrolls Report Underestimates the Underlying Strength of the US Economy
U.S. Treasury Secretary Scott Bessent said in a social media post: "The employment report released today underestimates the underlying strength of the real economy: U.S. domestic businesses are building, factories are operating, and worker productivity is rising. July marked the fifth consecutive month of job growth in the goods-producing sector. So far this year, the sector has added 105,000 jobs, marking its strongest start to a year since 2023. Additionally, second-quarter productivity growth exceeded expectations by more than double, creating favorable conditions for sustained U.S. economic growth and real wage gains for American workers. Strong third-quarter economic growth projections further signal that the U.S. economy is poised to accelerate. As the U.S. produces more goods and worker productivity continues to rise, the domestic economy will reap benefits: higher wages, stronger businesses, more consumer choices, and economic expansion built on supply-side strength that can reduce inflation, rather than relying on temporary stimulus effects." (Jinshi)
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