Report: Total stablecoin market capitalization fell to approximately $308.3 billion in July, marking three consecutive months of net outflows.
CryptoRank Research released a report showing that the total stablecoin market capitalization reached approximately $308.3 billion in July, a roughly 1% drop from June, and has stayed within the $300 billion to $320 billion range for 10 consecutive months. A total of around $13.3 billion in capital flowed out between May and July, marking the longest period of consecutive net outflows for stablecoins since 2022-2023. Usage of USDT and USDC continued to diverge: USDT on-chain transaction count hit an all-time high of 861.4 million in July, rising 11.4% month-over-month, while USDC transaction count fell to 656.7 million. In terms of on-chain transfer value, USDC led with roughly $3.6 trillion, 2.6 times higher than USDT’s $1.4 trillion. Stablecoin payment applications continued their growth: stablecoin payment card top-ups surpassed $1 billion for the first time in July, hitting approximately $1.084 billion, up 15.9% month-over-month. Of this total, USDC top-ups rose 46% month-over-month, significantly outpacing USDT’s 7% growth. Additionally, financing in the payment sector totaled around $244 million in July, ranking second in the crypto industry’s financing volume.
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Unitree Robotics’ new shares see grey market trading, with a highest bid of HK$520 per share, roughly 3.45 times the IPO price.
Unitree Robotics (688836.SH) has not yet officially listed, but trading around this hot new share has already emerged in advance. Recently, multiple posts buying and selling the right to subscribe to Unitree’s new shares have appeared on second-hand trading platforms such as Xianyu, with some intermediaries even referring to such transactions as the "grey market".
A post quoting 500,000 yuan shows an investor selling the right to subscribe to Unitree’s new shares, describing it as "the first leading humanoid robot stock on the STAR Market". The seller’s securities account screenshot shows that after applying for 6,000 shares, the investor won 500 shares in the lottery. Based on Unitree’s issue price of 150.80 yuan per share, the required subscription payment for the winning shares is 75,400 yuan.
Currently, multiple intermediaries have been purchasing Unitree’s new shares through various channels, with large discrepancies in market quotations. Some intermediaries offer up to 520 yuan per share, about 3.45 times the issue price, while others quote 410 yuan per share, around 2.72 times the issue price.
Unitree’s initial online offering totals only 6.471 million shares. Calculated based on a standard lot of 500 shares, there are only about 12,900 winning lottery numbers nationwide. Due to the limited offering size, high market attention, and investors’ high expectations for its post-listing performance, some intermediaries and investors have started trading the winning subscription rights before the official listing.
However, multiple market participants including securities firms and public funds said they have not heard of so-called "grey market" transactions for STAR Market new share subscriptions. The current private purchase of new shares in the A-share market is essentially a private verbal agreement, which is not legally protected, and the relevant transactions carry significant compliance and performance risks.
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A whale transferred 32,400 ETH to the Ethereum staking deposit contract, worth approximately $61.46 million.
Per Whale Alert monitoring, a crypto whale transferred 32,400 ETH to Ethereum’s staking deposit contract (Beacon Depositor), valued at roughly $61.46 million, for staking.
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A crypto whale withdrew 5,300 ETH from Kraken, valued at approximately $9.98 million.
According to monitoring by OnchainDataNerd, whale address 0x8447 moved 5,300 ETH out of Kraken 15 hours ago, valued at approximately $9.98 million.
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US-listed optical communication and AI chip concept stocks rose broadly in pre-market trading, with AAOI surging more than 3%.
According to market data from BIT (Bit.com), most US stocks related to optical communications and AI chips advanced in pre-market trading. Coherent (COHR) rose 3.41% to $336.932 in pre-market trade; Lumentum (LITE) gained 2.35% to $947.900; Applied Optoelectronics (AAOI) climbed 3.67% to $155.800; Nokia (NOK) advanced 1.58% to $10.930; and Marvell Technology (MRVL) added 2.91% to $228.470.
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