Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

Trade.xyz has issued an announcement regarding the SK Hynix contract pinning incident: At 23:01 UTC on July 27, the SK Hynix token mark price plummeted from $1,127.9 to $917.25, triggering mass liquidations of long positions. The price stemmed from an actual executed trade captured by multiple independent data providers; the external venue is a major South Korean pre-market. The platform’s oracle system operated per established specifications, synchronously tracking prices from external exchanges and functioning "as designed" technically. However, the exchange acknowledged that user dissatisfaction with the resulting liquidations is understandable, stressing that "market integrity is Trade.xyz’s core value". Accordingly, Trade.xyz has decided to cover all liquidation losses caused by this price anomaly on a one-time, discretionary basis. Specific eligibility requirements will be released shortly, with payouts expected to be completed within days, though the platform clarified that this decision "does not constitute a guarantee for similar scenarios in the future". Mechanistically, the platform will accelerate a review of its pricing methodology—including re-evaluating assumptions about reliance on external venues and assigning higher weight to its own order book price discovery (its order book depth and signal strength have already improved significantly relative to external sources)—to better handle tail events.

Robinhood CEO Vlad Tenev stated that his X account was hacked last week. Attackers used social engineering to deceive X customer support, bypassing security measures including two-factor authentication and login alerts, and posted fake content related to meme coins. X’s security team assisted in quickly removing the posts and restoring account access the same day. The platform has since implemented additional security protections for the account to prevent similar incidents. On the early morning of July 24, Robinhood CEO Vlad Tenev’s X account was reportedly compromised, with an abnormal post published early that announced the launch of Robinhood Chain’s “official” mascot token Vladhood (VLAD), along with the token’s contract address.

According to a report from The Information, Jump Capital has raised a $350 million fund for AI investments. The firm spun off its cryptocurrency team into Jump Crypto in 2021, with the latter acting as the digital assets division of Jump Trading.

Robinhood-linked on-chain meme token CASHCAT has officially launched its launch platform letscash.fun. The platform operates two models: Creator Mode, where 70% of tokens go to creators and 30% to the protocol; Self-Destruct Mode, where the same 70% is used to buy and burn tokens. The protocol’s 30% share will be allocated to burning CASHCAT tokens, boosting treasury funds, and supporting development. Powered by Uniswap v4, the platform features permissionless, decentralized, and post-deployment immutable mechanisms. It is currently undergoing final security audits by Hyacinth Audits and SB Security.

Grayscale said in a report that HYPE’s forward price-to-earnings ratio is approximately 15 to 18 times. Hyperliquid generates real cash flow, so it can be valued like a stock, with the valuation based on earnings per token rather than earnings per share. Based on this, it still appears undervalued compared to fintech peers including Coinbase, Robinhood, and Circle. According to HTX market data, HYPE is currently trading at $55.

According to Bitget’s market data, South Korea’s KOSPI index has extended its gains to over 3%, SK Hynix rose 4%, and Samsung Electronics gained nearly 6%.