📉According to Coinglass, funding rates across major CEXs and DEXs signal a broadly bearish sentiment in the market. See the chart for key tokens’ rates.
🧠Funding Rate 101:
Used in perpetual contracts to keep prices aligned with spot.
0.01% ➜ Bullish bias
< 0.005% ➜ Bearish bias
#CryptoMarket # FundingRate #BTC # ETH #Perpetuals # Coinglass #CryptoSentiment

On July 3rd, the US non-farm payrolls for July were only 73,000, far below expectations, and the data for May and June were significantly revised downward.
Furthermore, Federal Reserve Board Governor Kugler will resign next week, allowing Trump to appoint a preferred candidate early.
Perhaps influenced by this news, the probability of a 25 basis point Fed rate cut in September surged to 80.3% on the CME FedWatch indicator.
Before the non-farm payroll data, this figure was only 41.3%.

Midday news update #Web3
1️⃣ 💥 Massive Crypto Liquidations Rock Market
Over $614.8M in positions were liquidated in the past 24 hours, affecting more than 147,000 traders, mostly long positions in $BTC and $ETH (Blockchain Reporter).
Some reports indicate total liquidations may have exceeded $900M during the dip .
2️⃣ 📉 Bitcoin & Ethereum Price Update
$BTC plunged below $113,000 amid heavy sell-offs, currently trading in the $112,800–$113,000 range.
$ETH slid roughly 3.7%, now hovering around $3,425–$3,500.
3️⃣ 🌐 Tariff Fears Spark Market Panic
U.S. tariff policy announcements are believed

According to Onchain Lens,
Huang Licheng, a "big brother" (or "Maji"), completely closed his long position in PUMP (5x leverage), incurring a loss of $7.76 million, and sold all of his PUMP positions on the spot market, losing $2.18 million.
He currently holds long positions in ETH (25x leverage) and HYPE (5x leverage), with a paper loss of $13.5 million. His total profit has dropped from $26 million to $3.8 million.

🧵Massive BTC Hack Uncovered: LuBian Mining Pool Lost $14.5B
🔍Arkham Intelligence revealed that LuBian, once Bitcoin's 6th largest mining pool, lost 127,426 BTC (~$14.5B today) in a massive hack from Dec 2020—the largest crypto theft at that time.
🚨Over 90% of LuBian’s BTC reserves vanished, forcing the pool to shut down by Feb 2021. Another $6M in BTC & USDT was also stolen from their Omni-layer wallets the next day.
⚙️Arkham suspects flaws in LuBian’s private key generation caused the breach. Only 11,886 BTC (~$1.35B today) survived.
#Bitcoin # Crypto #BTC # LuBian #Web3News

🇭🇰 Hong Kong May Limit First Round of Stablecoin Licenses to 3–4 Issuers
According to sources, the HKMA, after communications with the PBOC, may narrow the scope of initial stablecoin licenses to just three to four entities. Under the regulatory MoU, Hong Kong bears primary supervisory risk.
Several Chinese state-owned banks and brokers are actively exploring stablecoin issuance and custody in Hong Kong, including:
BOC Hong Kong
Bank of Communications (HK)
CCB (Asia)
CMB International
Guotai Junan International
Insiders note:
“China has yet to build a globally influential public blockchain.”

Evening News Update #Web3
💹 Tether minted 6 billion USDT in July.
📷 Trump Media Group Q2 report: raised nearly $2.4 billion for Bitcoin treasury strategy.
🏠 Ethereum daily active addresses briefly surpassed 840,000.
📷 Ultiland launches "ARTXplore" incentive campaign.
📉 CEX net outflow of 705.12 Bitcoin in the past 24 hours.
#CryptoNews # Tether #Bitcoin # Ethereum

🚀 Ethena TVL Surpasses $10B!
According to Ethena official data:
Total TVL: $10B+
USDe TVL: $8.64B (+62.85% in 30 days)
USDtb TVL: $1.44B
Ethena cements its place as a leading synthetic dollar protocol in DeFi. 🔥
#Ethena # USDe #DeFi # TVL #Stablecoins

This Week’s Major Crypto Events

Ethereum Spot ETFs Record $152M Net Outflows on Aug 1
🥇 Largest outflow: Grayscale mini $ETH ETF
 🔻 -$47.68M (Total net inflows: $1.15B)
🥈 Bitwise $ETHW ETF
 🔻 -$40.3M (Total net inflows: $416M)
📊 Total ETH Spot ETF AUM: $20.11B
📉 ETF market share vs ETH total market cap: 4.7%
📈 Cumulative net inflows: $9.489B
Are investors rotating or derisking? 👀
#Ethereum # ETHETF

📉 On Aug 1, US Bitcoin Spot ETFs saw $812.3M net outflows —
🔻 2nd largest daily outflow ever
🔻 Biggest single-day outflow in 5 months
$FBTC (Fidelity): -$331.4M
$ARKB (ARK): -$327.9M
$IBIT (BlackRock): -$2.6M
📉 Ethereum Spot ETFs also lost $152.3M —
🔻 3rd largest daily outflow on record
$FETH: -$6.2M
$ETHW (Bitwise): -$40.3M
$ETHE (Grayscale): -$37.2M
$miniETH (Grayscale): -$47.7M
$ETHA (BlackRock): 0 net flows
📊 Capitulation or summer shakeout?
#BitcoinETF # EthereumETF

🧭 Whale Wars: Bulls vs Bears Intensify
In the last 24h, on-chain whale activity shows a split market sentiment:
💸 Massive Withdrawals:
0x5b5d...: 54M $USDC
0xB83D...: 32M $USDC
0x97E5...: 30.73M $USDC
Others: Millions more...
🏦 Contrarian Deposits:
0x1807...: 7M $USDC
0xB8B9...: 6.12M $USDC
0x4016...: 6.94M $USDC
📉 Bearish Bets Pay Off:
0x4a20...: $SOL short up $1.38M (liquidation @ $194)
0x880a...: $SOL short up $2.19M, $PUMP short up $3.01M
🧠 Market indecision or prelude to bigger move?
#Whales # Crypto #Solana # PUMP

The U.S. Bureau of Labor Statistics just revised down its nonfarm payroll (NFP) data:
📉 May: from +144K → +19K
📉 June: from +147K → +14K
That’s a net downward revision of 258,000 jobs over two months.
📊 Job market is far weaker than originally reported.
💬 Expect renewed debate over Fed policy, soft landing odds, and recession risks.
#NFP # JobMarket #Economy # Fed

Evening News Update #Web3
🇺🇸 Trump slams Powell for refusing to cut rates, says Fed board should take over if no action is taken
🏛️ Andreessen Horowitz urges revision of crypto legislation, opposes use of “ancillary asset” as regulatory basis
🇬🇧 UK’s FCA to allow retail investment in crypto ETNs starting October 8
🇰🇷 Samsung Securities raises target prices for Kakao Pay and NHN KCP, citing strong stablecoin prospects
⛏️ Cango mined 142.8 $BTC BTC this week, total holdings now exceed 4,500 $BTC
#TRUMP # Powell #a16z # CryptoRegulation #FCA # Stablecoin #Bitcoin # Cango #Web3News