BlockBeats news, on August 2nd, according to HTX market data, Bitcoin is currently priced at $63,563.03, with a 24-hour increase of 0.71%; Ethereum is currently priced at $1,878.80, with a 24-hour increase of 0.46%. Both major crypto assets are rising simultaneously, and the sentiment in the perpetual contract market has improved. According to the latest data from CoinGlass, the weighted funding rates for BTC positions and trading volume are 0.0078% and 0.0079%, respectively; for ETH, they are 0.0060% and 0.0054%, respectively. Both have exited the bearish range but have not yet entered the broadly bullish range. The weighted funding rate for BTC is generally higher than that of ETH, indicating relatively stronger bullish sentiment. BlockBeats note: Funding rates are the rates set by cryptocurrency trading platforms to keep the perpetual contract price aligned with the underlying asset price. They represent the fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. When the funding rate is 0.01%, it represents the baseline rate; rates above 0.01% indicate a generally bullish market, while rates below 0.005% indicate a generally bearish market.

BlockBeats news, on August 2nd, according to Coinglass data, if Bitcoin breaks through $65,000, the cumulative short liquidation intensity on major CEXs will reach 478 million. Conversely, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on major CEXs will reach 330 million. BlockBeats note: The liquidation chart does not show the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the relative importance of each liquidation cluster compared to nearby clusters, i.e., the intensity. Therefore, the liquidation chart shows the extent of impact when the underlying price reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that point, there will be a stronger reaction caused by a liquidity wave.

BlockBeats news, on August 2nd, according to The Wall Street Journal, as Chinese open-weight models like Kimi, Qwen, and DeepSeek approach top U.S. models at a lower cost, Silicon Valley and Washington are increasingly concerned that Chinese models may compress U.S. AI companies' profits in the long term. U.S. startups such as Arcee AI, Reflection AI, and Poolside are racing to develop domestic alternatives to meet user demand for low-cost, downloadable, and customizable models. However, U.S. open-weight model companies face financing difficulties. Some investors question whether free open models can generate stable revenue and worry that related technologies may undermine their investments in OpenAI and Anthropic. In Q1 2026, AI startups raised a total of $255.5 billion, with nearly two-thirds coming from three rounds of financing by OpenAI, Anthropic, and xAI. With limited funds, Arcee AI used 2048 Nvidia Blackwell B300 chips and a budget of about $20 million to complete 33 days of pre-training and launch Trinity Large. This model is still smaller than top models and lags behind OpenAI and Anthropic in multiple benchmark tests, but the company plans to develop larger models through a new round of financing. Nvidia has become a major supporter of the U.S. open AI ecosystem, not only developing the Nemotron series models but also investing in Reflection AI, Poolside, and Thinking Machines Lab. Industry insiders say the U.S. open-weight ecosystem is still relatively small, and Chinese models overall still hold the advantage.

BlockBeats news, on August 2, Trump Media Group officially launched the paid data service Truth API, providing clients with faster access to posts from Trump and other top accounts on the Truth Social platform. The service costs up to $100,000 per month and is mainly targeted at trading firms and enterprises. Temporary CEO of Trump Media, Kevin McGurn, stated that the Truth API aims to provide institutions with a "direct, licensed, real-time data stream of the most market-influential Truth posts." Trump's @realDonaldTrump account currently has 13 million followers, and some of his important policy decisions are first released on Truth Social. Before the service went live, U.S. Democratic Senators Adam Schiff and Elizabeth Warren had already sent a letter to the U.S. Securities and Exchange Commission, requesting an investigation into whether Trump Media violated laws. They claimed that the service might constitute using the presidential office for personal gain and harm ordinary investors and market integrity. Trump Media stated that Truth Social posts have already been able to influence the market, and the Truth API will promote the company's commercialization of its own data assets through a high-margin, recurring revenue model.

BlockBeats news, on August 2, according to the Financial Times, after experiencing a record low for 3 years, Chinese venture capital firms are accelerating the fundraising of new funds, seeking to capitalize on investors' renewed interest in the Chinese tech sector. Data from Asante Capital shows that currently at least 60 new USD funds plan to raise about $35 billion in total, of which about 40 are venture capital funds. HSG, IDG Capital, Matrix Partners China, and Morningside Ventures are promoting new funds or preparing to start fundraising, while ZhenFund and Qiming Venture Partners have recently completed fundraising. The successful IPOs of tech companies like Zhipu and MiniMax, as well as progress in areas such as Moonshadow, DeepSeek, and robotics, have driven investors to refocus on Chinese technology. Some investors view allocating to Chinese AI as a way to hedge bets on the US market, due to Chinese companies' fierce cost competition and provision of lower-priced model services. However, market participants say this does not mean Chinese venture capital has returned to a boom period, but rather that USD fundraising is selectively restarting after three consecutive years of lows. Preqin data shows that in 2022, a total of 1,105 China-related funds raised $150 billion, while in 2025 only 97 funds raised $13.6 billion. Currently, some large US investors remain cautious due to restrictions on sensitive technology investments, while European and Middle Eastern capital show stronger interest. Investors in the current "buyer’s market" are vying for more co-investment rights and demanding fund managers to commit more of their own capital. Meanwhile, a large amount of capital is competing for limited high-confidence projects, especially concentrated in the AI field.

BlockBeats news, on August 2, Iran's Mehr News Agency quoted an Iranian military official saying that U.S. President Trump called Iran's demand to stop attacks "a new lie." The official said: "Whether he continues aggression or retreats, our forces are on the highest alert and prepared for all possibilities. If confrontation is unavoidable, the battlefield will decide everything, and then everyone will understand who holds the power and who will have the final say." (Xinhua News Agency)

BlockBeats news, on August 2, Coldcard was attacked, and the stolen funds have now risen to 1367.05 BTC, valued at approximately 88.6 million USD, involving 4585 addresses. Galaxy research director Alex Thorn stated that the attack is still ongoing, and users who have not yet migrated their funds should immediately transfer assets out of addresses generated by Coldcard. He also called on affected users to proactively provide information to help track the stolen funds and report to law enforcement agencies. Thorn said that the previously confirmed three rounds of large-scale attacks have obvious programmatic characteristics, with similar transaction patterns, possibly orchestrated through automation; the related stolen BTC currently remains in the attackers' addresses and has not yet been moved. However, recently there have been smaller opportunistic attackers who transfer and launder funds within hours, with some funds flowing to overseas gambling platforms through cross-chain services like ThorChain. All Coldcard single-signature addresses generated after the firmware upgrade in March 2021 may eventually be stolen, and users should complete migration as soon as possible. The stolen funds had previously been dormant for an average of 3.18 years, with a median of 3.55 years, and the victims were mainly long-term holders. Thorn stated that most of the stolen assets discovered so far have not yet been moved, and the related addresses have been submitted to U.S. law enforcement agencies and industry contacts. He believes this incident constitutes a significant blow to Bitcoin self-custody, and the industry needs to improve security, education, and risk warnings regarding the complexity of self-custody.

BlockBeats news, on August 2nd, according to Bloomberg, the South Korean KOSPI index plummeted in July, causing heavy losses for many retail investors. Although the index rebounded a record 18% on Friday, retail investors still recorded a record net sell-off of KOSPI stocks that day; the index fell 22% cumulatively in July, marking the largest monthly drop since the global financial crisis, with the total market capitalization of the South Korean stock market around $3.9 trillion. Driven by President Lee Jae-myung's push for stock market reforms and the listing of single-stock leveraged ETFs, South Korean retail investors bought approximately 78 trillion KRW ($54.2 billion) worth of KOSPI stocks from May to June. After the market's sharp decline in July, many investors on social media directed their anger at the government. A Seoul-based investor in their 30s said they entered the Korean stock market for the first time in May and have now decided "not to invest in the Korean stock market anymore"; another investor in their 40s, who borrowed 50 million KRW against their home to trade stocks, criticized the government for launching leveraged ETFs, turning the market into a "casino." During July, the KOSPI triggered circuit breakers and trading halts four times, setting a monthly record. Samsung Electronics and SK Hynix together account for over 50% of the KOSPI weighting, with their stock prices falling 21% and 35% respectively in July; however, since early 2025, Samsung Electronics has still risen more than fourfold, and SK Hynix nearly tenfold. Analysts say this is a typical result of crowded trades combined with leverage, and deleveraging cannot be completed in a few days. Technology and semiconductor stocks may continue to experience significant volatility in the coming months, but this should not be seen as a complete collapse of AI investment logic. The South Korean government suspended new listings of single-stock leveraged ETFs in mid-July and promised to introduce more measures to stabilize the stock market and restrict retail investors' participation in high-risk products. However, the head of the South Korean Shareholders Alliance said that retail investors' anger and criticism toward the government have reached a peak, with many investors feeling that the related measures came too late.

BlockBeats news, on August 2, regarding Trump's post about having reached an agreement framework and agreeing to cancel actions against Iran, a CNN reporter pointed out that according to the report and other media, there is no indication that any proposal currently under discussion equates to "ending Iran's nuclear threat." Details about the Strait of Hormuz also remain extremely limited. Sources only indicate that this involves the possibility of some potential agreement with Oman. (Jin10)

BlockBeats news, on August 2nd, Roundhill Memory ETF (DRAM) has included CXMT (ChangXin Technology) in its holdings, with a weight of 2.52%. The DRAM ETF focuses on memory chip companies. As of August 2nd, the top three holdings of this ETF are Samsung Electronics, Micron Technology, and SK Hynix, with weights of 26.39%, 24.54%, and 22.77%, respectively. Other major holdings include Seagate Technology, Western Digital, SanDisk, Kioxia, Nanya Technology, and GigaDevice.