CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

Over the past 6 hours, whales/institutions have sold 871,000 $HYPE ($64.82M) through FalconX.

Not all whales are buying $ETH — some are selling! 7 Siblings sold 14,000 $ETH($32.85M) at an average price of $2,346. Whale 0xFD10 sold 11,252 $stETH($26.5M) and 1,824 $ETH($4.26M) for 30.78M $USDT.

Justin Sun posted on social media that his legal team recently attended a hearing at the U.S. District Court for the Central District of California, opposing World Liberty Financial (WLFI)’s attempt to refer their dispute to confidential arbitration and seal documents from public view. The court upheld Sun’s position, ruling that all his individual claims will proceed in open court. The court also rejected World Liberty’s request that all company-related claims be submitted to arbitration, and ordered both parties to negotiate to determine which claims will remain in court and which will go to arbitration. Sun called the ruling a "major victory", noting that token holders have the right to know how the project team handles investor interests. Justin Sun stated that he is one of the earliest and largest investors in World Liberty, having invested $45 million in WLFI tokens. He alleged that after his investment helped WLFI complete approximately $550 million in fundraising, World Liberty inserted a backdoor into the WLFI smart contract, allowing the project team to unilaterally freeze, restrict, or destroy holders’ tokens. World Liberty had taken related actions against his WLFI tokens and threatened to refer the matter to criminal authorities when he sought legal recourse. Sun’s current claims against World Liberty amount to hundreds of millions of dollars. Additionally, Justin Sun said he learned that World Liberty has similar functions in its USD1 stablecoin, warning users to be alert to potential asset freezing or destruction permissions. Sun also raised questions about World Liberty’s financial status and business arrangements, stating that public information shows World Liberty has deposited approximately 5 billion WLFI tokens as collateral on lending platform Dolomite, borrowing at least $75 million in stablecoins including USD1. He believes these arrangements may pose risks.

Samsung has recently raised foundry prices for some 4nm, 5nm, and 8nm nodes by 10% to 15%. TSMC has also hiked its 2026 capital expenditure to $60 billion to $64 billion, reflecting that existing production capacity still cannot fully meet AI demand. This round of price hikes benefits storage, foundry, and packaging players controlling scarce capacity, but will raise costs for server, PC, and consumer electronics firms. The market will next focus on the race between upward earnings revisions and new capacity expansion: the longer the supply shortage persists, the stronger the pricing power of leading players; if capacity expansion outpaces actual AI demand growth, price corrections and inventory reversals will amplify volatility in semiconductor stocks. (Jinshi)

Goldman Sachs OneDelta head Rich Privorotsky noted that AI and momentum trading have seen sharp swings over the past 48 hours, with Goldman Sachs’ GSPUMOMO momentum portfolio down nearly 7% in total. However, per Goldman Sachs Prime data, position changes are far more moderate: momentum exposure is now near neutral, investors have mostly added net exposure recently, and total leverage has not risen significantly again. This is particularly important as the market just went through a major de-risking process in July. While investors still hold considerable AI and semiconductor exposure, it remains well below earlier peak levels. Leverage within the semiconductor sector has declined, though some residual leverage remains in the system. A sharp price drop could easily trigger passive position cuts and forced selling. As such, recent sharp swings in AI stocks may be further amplified by low market liquidity in August. Intraday price action appears highly "fundamental-driven", but may not actually align with comparable fundamental changes. At this stage, it is more appropriate to continue monitoring total leverage, Prime positions, and semiconductor capital flows to assess whether this round of volatility will evolve into broader de-risking. (Jin10)

On-chain analyst Ali Charts said Bitcoin has now formed strong support in the $61,849 to $63,111 range, an area where over 2 million BTC were previously traded. More importantly, data from the Unrealized Profit/Loss Distribution (URPD) metric shows Bitcoin has relatively few resistance zones above its current level. Ali Charts added that if BTC can break through $75,733, the next major supply dense zone is likely located in the $83,307 to $84,569 range, where roughly 1 million BTC changed hands previously.