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Maji netted nearly $11 million in profits from rolling long positions last week, with his current holdings valued at $129 million.

1 hours ago

According to monitoring by EmberCN, crypto entrepreneur Huang Licheng, known as "Big Brother Ma Ji", capitalized on last week's one-sided rally in the crypto market, rolling over his long positions from around $150,000 to roughly $11.15 million, recouping approximately $11 million in total. Previously, he had suffered a total loss of around $35 million from long ETH positions over the past 10 months; after this round of gains, his historical loss has narrowed to roughly $24 million. On-chain data had also previously shown his total historical losses remained in the tens of millions of dollars. Currently, Huang holds long positions worth around $129 million, covering ETH, BTC, HYPE, and PUMP, with an overall leverage ratio of approximately 12x. If the market continues its one-sided rally going forward, his previous $35 million loss could narrow further quickly; however, if the market shifts to consolidation or a downtrend, his high-leverage rollover strategy could quickly erase the roughly $11 million in gains from this round.

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Samsung Electronics' decline has widened to nearly 8%, while South Korea's KOSPI index is currently down 2.4%.

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Oil prices fall as markets await US 'maximum sanctions' on Iran.

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Circle's stablecoin issuance increased by $1.7 billion over seven days, while stablecoins on the Tron network grew by $950 million in the same period.

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CNBC: US targets both 'friends' and 'adversaries' simultaneously, as the US-Canada tariff war escalates and Iran sanctions intensify.

According to CNBC, after the collapse of US-Canada trade talks, the U.S. has imposed a 50% tariff on certain Canadian goods. Canadian Prime Minister Mark Carney said he will take "tit-for-tat" measures, planning to levy retaliatory tariffs on U.S. goods starting September 8. Meanwhile, U.S. Treasury Secretary Scott Bessent is expected to announce sweeping sanctions against Iran on Monday, describing it as the "largest financial offensive in U.S. history" against an adversary. In markets, U.S. stock futures fell on Sunday amid continued rises in long-dated U.S. Treasury yields: the 30-year Treasury yield climbed to 5.273%, while the 10-year yield rose to around 4.734%. Additionally, AI firm Anthropic is planning an initial public offering (IPO), and its IPO filings are expected to list public opposition to AI and data center expansion as a key risk factor.

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Bithumb will list the PROM/KRW trading pair today.

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