A whale transferred 1000 ETH to Binance after a year of hibernation

Citibank said its baseline scenario indicates that despite the third quarter historically being a peak period for seasonal restocking, India’s gold imports will remain sluggish in Q3. The factors driving this include ample scrap supply, cautious consumer sentiment, and local price discounts, which are suppressing demand for new imports. However, Citibank has set its short-term gold price target for the 0 to 3 month window at $4,500. The bank explained that this target is premised on two assumptions: easing tensions in the Strait of Hormuz and the Federal Reserve adopting a less hawkish stance. It also noted that numerous short-term risks could still trigger another dip in gold prices, including major geopolitical escalations, AI-driven de-risking operations, and the Fed maintaining a hawkish position. (Jin10)

Per official announcement, Binance will discontinue support for the Sophon (SOPH) mainnet and enable SOPH deposits and withdrawals via the Ethereum (ERC20) network. The announcement states that starting August 4, 2026, at 08:00 UTC, Binance will suspend SOPH mainnet deposit and withdrawal services. Following the migration, the Sophon mainnet will no longer be used for deposit and withdrawal activities. Binance noted that it will handle all technical operations required for the migration, and spot, leverage, contract trading, and Binance Earn services will remain unaffected. During the migration, SOPH will be migrated at a 1:1 ratio from the Sophon mainnet to the Ethereum (ERC20) network. Users do not need to take manual action, but should monitor subsequent network adjustments for deposits and withdrawals.

trade.xyz released a report noting that multiple core metrics of the platform have hit all-time highs. Specifically, its cumulative trading volume reached $408.4 billion, with cumulative weekend trading volume totaling $26.07 billion. The platform’s peak 24-hour trading volume came in at $5.6 billion, open interest rose to $3.9 billion, and the peak number of daily unique traders hit 60,600.

According to Hyperinsight’s monitoring, WTI crude oil continues to unwind the risk premium stemming from geopolitical conflicts. The WTI mapped contract (xyz:CL) on Hyperliquid is currently trading at $80.91, down 5.2% in 24 hours; it has fallen 13.4% from its phase high of $93.44 on July 24, approaching the $80 threshold once again. A whale with an address starting with 0x60a8 is one of the main beneficiaries of this round of decline. It is currently shorting 171,900 CL contracts with 2x isolated margin, holding a position worth approximately $13.91 million, with an average entry price of $91.57 and liquidation price of $133.53. The whale currently has an unrealized profit of around $1.833 million, a return of roughly 23.3%, and has not placed any orders to add or reduce positions so far. On the market front, the U.S. has suspended military strikes on Iran, while Iran has simultaneously halted retaliatory actions. Cooling diplomatic tensions and rising expectations for the gradual recovery of energy transportation in the Middle East have driven oil prices to continue unwinding risk premiums. Currently, the 24-hour trading volume of CL contracts is approximately $320 million, and the nominal value of open interest stands at around $161 million.

Binance Wallet officially announced that CXMT (Changxin Memory Technologies) perpetual contracts have launched on Binance Wallet, supporting up to 20x leverage trading. CXMT refers to Changxin Memory Technologies, one of China’s leading DRAM (Dynamic Random Access Memory) manufacturers. Recently, with the recovery of the AI server and memory chip cycles and growing focus on China’s domestic semiconductor industry chain, CXMT-related assets have gained market attention.

According to an official announcement, Bithumb will list the o1.exchange (O) token on its KRW market, with trading scheduled to start at 14:00 local time on July 28, 2026. Deposits and withdrawals will only support the Base network.