Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

According to EmberCN’s monitoring, as the storage sector surges and rebounds tonight, the largest on-chain short seller of CXMT (Changxin Memory Technologies) has continued to add to its short positions. The entity opened its short position one day before Changxin’s IPO and has added to it multiple times, currently holding CXMT short positions worth $22.26 million, with an unrealized loss of up to $4.06 million.

July 30 Update: #Bitcoin ETFs: 1D NetFlow: +585 $BTC(+$37.81M)?? 7D NetFlow: -7,704 $BTC(-$498.09M)?? #Ethereum ETFs: 1D NetFlow: -6,440 $ETH(-$12.34M)?? 7D NetFlow: -23,916 $ETH(-$45.95M)??

According to market data from BIT (bit.com), the U.S. stock market’s storage sector saw further gains during intraday trading: Seagate Technology (STX) rose 15.7%, Western Digital (WDC) gained 17.6%, SanDisk (SNDK) climbed 23%, Micron Technology (MU) advanced 16%, and SK Hynix ADR was up 16.4%.

Uniswap today launched a new beta feature for its web app called Launches, designed to help users discover top-tier token launch projects on the platform. Numerous launchpad builders including Bankr, Pons, and Long have selected Uniswap as their trading infrastructure; Launches aggregates these projects into a single page, providing them with stronger distribution capabilities while making it easier for users to find new tokens. The feature currently supports token launches on Robinhood Chain, with plans to expand to more chains in the future. In July alone, Robinhood’s token launch platform issued over 340,000 new tokens on Uniswap, generating a trading volume of $3.6 billion.

According to Bitget market data, USD/JPY has plunged sharply and continued its downward trend, with a cumulative drop of over 400 pips and a daily decline of 3%. It is now trading at 158.5, marking the largest drop since the Japanese government intervened in the market earlier this year. Market speculation suggests Japanese authorities may intervene again to support the yen, as the Bank of Japan will announce its interest rate decision tomorrow. The yen has weakened significantly recently, hitting a nearly 40-year low. Although the Japanese government implemented a record total of 11.73 trillion yen (about $73.2 billion) in foreign exchange market interventions between April 28 and May 27 to prevent USD/JPY from falling below the 160 threshold, the yen has remained under pressure since then. According to foreign exchange reserve data released by Japan's Ministry of Finance, the funds needed for the Japanese government's recent forex market interventions are likely to come from sales of its held foreign securities assets, including U.S. Treasury bonds.

According to market data from BIT (bit.com), US stocks staged a broad-based rally, with the semiconductor storage sector leading gains. The Nasdaq rose over 2%, the Dow added 0.48%, and the S&P 500 gained more than 1%. The Philadelphia Semiconductor Index jumped over 6%, on track for its largest single-day gain in a month. All major storage stocks surged over 10%: Micron Technology climbed 10.44%, SK Hynix rose 10.02%, SanDisk advanced 17.24%, Western Digital gained 14.33%, Seagate Technology jumped 16.38%, and Kioxia ADR rose 10.95%. Microsoft’s rally extended to over 15%, poised for its biggest single-day gain since March 2020. After Wednesday’s US market close, Microsoft released its Q4 FY2026 financial results: revenue reached $90 billion, up 18% year-over-year. Growth for Azure and other cloud services accelerated to 43% from 40% in the previous quarter. ARM’s gains once widened to 19%, after it had fallen nearly 8% in pre-market trading earlier, marking its largest single-day jump since March 25. The company’s Q1 FY2027 revenue totaled $1.289 billion, up 22% year-over-year, setting a new first-quarter record.