Web3 & crypto industry news flashes
According to on-chain analyst Onchain Lens (@OnchainLens), a Hyperliquid trader closed a short position of approximately 32,300 $SPCX (notional value of approximately $4.07 million) on July 17, realizing a profit of $927,900 from this trade. However, according to Nansen data, the historical cumulative PnL of this address remains at a loss of $4.9 million.
SourceRobinhood Applies to SEC for Exemption from Regulatory Rules, Plans to Establish Internal Investment Fund for Employees
SourceAccording to BIT's "On Target" weekly report, Bitcoin plummeted from $97,000 to $62,900 starting February 9, 2026. Compounded by Trump's nomination of hawkish figure Kevin Warsh as Federal Reserve Chair and large-scale forced liquidation of leveraged positions, market liquidity tightening pressure has increased significantly. The report points out that the previously predicted A-B-C wave pattern largely met expectations: the Wave A low was completed in February, and after Wave B rebounded to $82,000, Bitcoin hit a new low of $58,500 on June 30, with the Wave C decline already unfolding. However, the outbreak of the Iran conflict drove inflation higher than expected, and the new Federal Reserve Chair's first policy statement released a clear hawkish signal; these two unexpected factors create uncertainty regarding the timing of the Wave C low. The report believes the bear market may be nearing its end, but two key variables still require close attention, which will be analyzed in depth in this issue's report.
SourceAccording to monitoring by on-chain analyst Onchain Lens (@OnchainLens), an ETH whale continues to make large withdrawals from Coinbase Prime. After withdrawing 30,000 ETH (approximately $57.66 million) on July 16 and dispersing them to three new wallets, the whale withdrew another 20,000 ETH (approximately $37.7 million) on July 17. The total cumulative withdrawal over the two days reached 50,000 ETH, valued at approximately $95.4 million.
SourceAccording to Jefferies' optical expert conference call on July 15, the optical module market will double in 2026 and triple in 2027, but 1.6T optical modules will continue to face a 30% shortage from 2026 to 2027. 800G optical module shipments in 2026 are expected to be approximately 40-42 million units, with demand exceeding 45 million units, resulting in a gap of about 10%; 1.6T optical module shipments in 2026 are expected to be approximately 18 million units, with demand around 26 million units, resulting in a 30% gap. Upstream DSP and 200G EML chips are monopolized by US and Japanese vendors such as Broadcom, Marvell, Lumentum, and Sumitomo Electric, and Chinese domestic substitution will take time. Indium Phosphide (InP) is a key link, with 70% of global supply located in China; Yunnan Germanium is a core target. Desay Battery's 200G EML is expected to enter mass production in the second half of 2026, which is a key node for domestic substitution. Jefferies believes optical module demand is certain, but the upstream supply landscape determines profit distribution; the InP supply chain and 200G EML breakthrough progress are worth focusing on.
SourceBTC has been oscillating in the 60K to 65K range for over a month this week, with calm market conditions; the sharp volatility in US stocks, SpaceX, and the storage sector has had limited impact on the crypto market. BTC's GEX distribution is concentrated at 64K and 70K, while ETH's GEX distribution is concentrated between 1825 and 2000. The distribution is relatively dispersed, indicating that many traders are beginning to attempt bottom fishing with shallow out-of-the-money options.
SourceHK-listed CSOP 2x Long Samsung Electronics (07747) fell more than 20%, CSOP 2x Long SK Hynix (07709) fell more than 18%.
According to the official announcement, to meet users' diversified investment needs, Bitget has listed 4 stock perpetual contracts: CPNG (Coupang), PKX (POSCO), MUFG (Mitsubishi UFJ Financial Group), and TM (Toyota Motor). All the above contracts are settled in USDT, support up to 20x leverage, and allow 7×24 hour trading. For more details, please refer to the official Bitget platform.
SourceSpot silver touched down to 55 USD/ounce, a new low since November 28 last year, down 0.91% intraday.