Phyrex

The US Strategic Petroleum Reserve (SPR) has fallen below 300 million barrels, and time for US-Iran negotiations is shrinking. The SPR has dropped to 298.7 million barrels, with over 110 million barrels depleted since the start of the conflict. Over the past few months, the US has been simultaneously blocking Iranian ports and oil exports while releasing SPR to buffer supply gaps caused by transportation restrictions in the Hormuz region, essentially trading its strategic reserves for military and negotiation time. Now, with the SPR alarmingly low, this time is becoming increasingly valuable. As the SPR continues to decline, the US's ability to maintain the current situation will shrink. Continuing to drag on requires sustained depletion of strategic reserves, while reducing releases will increase domestic inflationary pressures. Therefore, the lower the SPR, the more urgently the US needs to resolve the Hormuz issue. This leads to two possible directions for the US: One is to accelerate an agreement with Iran, accepting more of Iran's demands on port blockades, asset unfreezing, sanctions, and Hormuz administration in exchange for the resumption of most commercial shipping. Another possibility is that negotiations remain stalled, and the US further escalates military pressure, hoping to force Iran to make concessions through stronger strikes. These two directions can actually coexist. The US can increase military threats while simultaneously making more concessions at the negotiating table, with the ultimate goal of restoring passage through the Strait of Hormuz as soon as possible. For Iran, the lower the SPR (Special Purpose Ratio), the more valuable the Hormuz card becomes in the short term. The more eager the US is to resolve the issue, the more conditions Iran can negotiate. However, this card also carries risks. If Iran continues to raise its demands, pushing the US to the point where further negotiations are no longer feasible, the probability of military escalation will increase rapidly. Therefore, from my personal perspective, shorting oil remains a very correct choice (at least in my opinion), because facing Iran's lack of cooperation and the short-term depletion of strategic oil reserves, coupled with US inflation and the midterm elections, these factors indicate that the US can no longer afford to delay and needs to end the stalemate with Iran as soon as possible, whether through negotiations or force. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

The CPI data has been updated and is largely in line with market expectations. July's inflation performance was still quite good, declining compared to June. This should have been positive data, at least giving Trump a chance to continue touting his supply and try to get the Federal Reserve to cut interest rates. However, the current trend in oil prices makes this data seem less useful. The market is more concerned about when the war between the US and Iran will end and when oil prices will fall. After all, the US strategic oil reserves are running low, and the midterm elections are less than three months away. If there's an interest rate hike during the midterm elections, Trump will be really frustrated. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-Stop Trading

A note before today's CPI data update: The US July CPI data will be released tonight at 8:30 PM. Based on expectations, it's likely to be another "wasteful" positive result. The market currently expects July's CPI to be 3.4%, compared to 3.5% last month. The Cleveland Fed's forecast is also 3.4%, so the probability of a decrease in the broad CPI in July is high. The same applies to the core CPI annual rate; both are expected to decrease. If the released data does show a decrease, it will help market sentiment. While it won't necessarily increase the probability of an interest rate cut, a rate hike is still a distant possibility. However, the current relationship between the US and Iran has led to a resurgence in oil prices. Although the average oil price in July was slightly lower than in June, if oil prices continue to rise in August, inflation could continue to climb. After all, looking at monthly rate expectations, both broad and core inflation are trending upwards. Therefore, for the Federal Reserve, this month's data may still be difficult to use as a "turning point" standard; it will most likely depend on the future trend of oil prices. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

🤣I remember it very clearly. I was having late-night snacks in Shanghai with a white guy from my company. It was just the two of us. He wasn't very tall, but he definitely had a standard Western face. Then a guy at the table across from us insisted on becoming friends with him. The white guy casually said (in English, which I'm translating) that we could be friends, but he had to pay my bill first. And the guy actually did. Then, as he was leaving, he loudly proclaimed, "I have foreign friends now!" There were probably five or six people at their table, I don't remember exactly. It was a small restaurant on Jing'an Road. 😂 This must have happened in 2015 or 2016.

😂I've been taught a lesson twice. The first time, I genuinely considered her a friend. She was being harassed by a mutual friend for years, and I had been mediating the situation. This female friend then used me as leverage, threatening to report my company for operating in the Web3 industry if I didn't resolve the issue. 😂 I had helped this woman a lot, handled many things for her, helped her earn some money, and we even had business dealings. We were purely friends. She took advantage of my easygoing nature and used me to blackmail me. Afterwards, she said she felt sorry for me, and that this was the best solution she could think of—using me as a pawn to make me solve problems she couldn't handle. In the end, I was forced to help her, and I ended up being the worst person. Afterwards, we were completely estranged. The second time, I shared some very private things, and someone screenshotted and leaked them. So choosing friends really requires extreme caution. In the past, I would try my best to help whenever I could, but now, unless it's a very good friend, I try to play dumb.

🙂 I'm not sure if the leverage in the Korean market has been largely cleared, but I haven't opened any short positions on SK Hynix ADRs this week. It turns out that not opening any positions was the right decision; the price is rising almost every day, and the spread between SK and ADRs is narrowing, currently only a 36.7% premium. This suggests that the ADR's gains haven't been as significant as SK's. Previously, my core logic for shorting SK Hynix ADRs was always to profit from its premium relative to the Korean parent stock, not simply to be bearish on SK Hynix. Recently, the Korean market underwent continuous deleveraging, and SK's parent stock fell faster than the ADR, causing the spread to widen again. At that time, shorting the ADR was actually very cost-effective. However, the situation has clearly changed recently. SK's parent stock has started a continuous rebound, and its gains have significantly exceeded those of the ADR, meaning the Korean market is actively correcting this spread. As long as SK rises faster than the ADR, even if the ADR itself is also rising, the premium will continue to decrease. Therefore, I haven't opened any short positions this week. I'm also considering whether to find better short-selling opportunities, but I'm still thinking about going long on SK or ADR. Although South Korea is deleveraging, I also released some data today showing that South Korean retail investors have started transferring funds from the South Korean domestic market to the US stock market. Therefore, I need to observe further before making any decisions. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-Stop Trading

I've told many friends that if you want to gain more attention, the key isn't what you write, but how long you can persist. Of course, this is just my personal opinion; for those with established reputations, it's a different story. So, my point is only for ordinary people like me. For an ordinary person, there might not be exceptionally outstanding abilities, including financial resources, so it's difficult to gain a lot of attention with just one post. To make others remember you, the first thing is diligence. This diligence doesn't mean constantly reposting content. It means being willing to express your personal feelings—it could be opinions, self-analysis, successes, or failures. I believe that as long as the content itself has soul, there's not much difference between writing 100 words and 1,000 words. Of course, this is only the first step, and many people can do this, especially by using social media like WeChat Moments, which is a great way to do it. Simply having your content appear on people's timelines might not garner much attention, but it's the first step to success. The second step is making sure people remember you, and that's where the content itself comes in. Ideally, this content should have a clear focus, such as specifically discussing bitcoin:native, US stocks, macroeconomics, trading, or even topics like relationships, politics, and technology. Choosing the most suitable focus is crucial. Many people have asked me why I can't just write about everything, since we're in the AI ​​era; I can just write an outline and let AI do the rest. I've actually thought about that. Although the search function on X is terrible, many people still use it, or they use Grok to search. For example, searching for the keyword #BTC reveals many authors specializing in Bitcoin. The first post I saw was from @Murphychen888, especially content with images and explanations, which easily makes it memorable. For example, when searching for the hashtag #USIran, Kitty @Cato_KT appears at the top of the search results. Scrolling down, you can see that Kitty has posted a lot of content under this hashtag, making it easier for users to understand Kitty's content when searching for related topics. However, there are pitfalls. If your content uses keywords that are difficult to pronounce or not widely known, it will be harder to convey the message. For example, many people know what #Hormuz means when put together, but many users might not be able to type "Hormuz" themselves. Also, the most popular topics on X right now are semiconductor and AI trading, so while keywords like #Hynix #Micron #Nvidia are popular, too many people use them. This means that unless the algorithm recommends your content, it might end up at the bottom of the search results. This is something to be aware of. Of course, if you already understand the Hormuz system, you'll know that searching #SK and #ADR will make it easier to find key content. Therefore, while more niche areas might not have huge traffic, they'll attract more professional users. Thus, in addition to diligence, the next important factor is choosing the right niche. I even think the latter is more crucial, as diligence is just a stable path to advancement for ordinary people, while becoming a content creator in a specific niche or vertical field makes long-term development much easier. Diligence, and finally, after choosing the right niche, is pragmatism, especially for content creators in the cryptocurrency or trading sector. Their content is often related to trading, even macroeconomics, which is deeply connected to it. Pragmatism also manifests in speaking frankly and openly, rather than using vague, guessing games. This isn't about providing specific price points, but rather clearly expressing my viewpoint. For example, my recent series of articles on the South Korean market specifically highlighted the impact of high leverage in the South Korean stock market. Then, by combining this with my shorting of ADRs, I clearly linked the analysis with actual trading. The same applies to my combination of macroeconomic analysis and shorting oil. That should cover most of the rest. Of course, everyone's style and personality are different, and my approach may not suit everyone.

Oil prices have returned to an average of $85, indicating that the market is not very optimistic about the negotiations between the US and Iran. However, there are various opinions circulating in the market, with even the US and Iran conveying conflicting narratives. Overall, Iran is correct in maintaining its hold on the Strait of Hormuz, but I don't believe it can stand its ground against the US indefinitely. As I've said before, the Strait of Hormuz restricts not only the US, but almost all global oil is affected. Furthermore, the current communication between Iran and Oman is not about blocking the entire Strait of Hormuz, but rather blocking US and hostile vessels. If this is the prevailing view and what Iran is prepared to implement, then the ceiling for oil prices is not very high. Secondly, will the US simply let Iran drag on indifferently? Today's oil price increase is also related to the US's insufficient strategic reserves. Rising oil prices and inflation in the US are not good for the US economy. Currently, there is still more opposition in the US to Trump's war with Iran, but if Iran continues to blockade the Strait of Hormuz, leading to a recession in the US economy, neither the Republicans nor the Democrats will stand idly by. Not to mention the US is still blockading Iranian ports. Data shows Iran's recent oil exports have dropped to only about 20%. War benefits neither side; the US is clearly burning through more money, while Iran, though a theocratic state, still has people who need to eat. I'll continue to monitor the situation. There's not much to say about Bitcoin. My dual-currency investment expires tomorrow. Unlike Monday, selling at $66,000 is likely unsuccessful, while I'm quite looking forward to buying at the bottom at $63,000. I'm perfectly capable of buying at that price. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

On August 10th, the total holdings of the Ethereum:native spot ETF continued to rise to 5,584,887.58 ETH, with a net increase of 1,996.03 ETH on the day. As this was the first trading day of the new week, the cumulative net increase for the week is also currently 1,996.03 ETH. This is a significant difference from last week's funding structure. Last week, the ETH ETF saw a cumulative net increase of 118,764.78 ETH, with increases of 23,284.69, 27,904.96, 43,872.12, and 29,736.44 ETH over four consecutive trading days from August 4th to August 7th, respectively. While August 10th still saw a net inflow, the scale of 1,996 ETH has clearly cooled down. However, the cumulative net increase over the last seven trading days is still 117,242.81 ETH, indicating a still very significant funding advantage. Since August, total open interest has increased by 120,759.78 ETH, a growth of approximately 2.21%, continuing to significantly outperform BTC's 0.84% ​​increase over the same period. ETH's current movement appears to be a slowdown following last week's large inflows, rather than a reversal of the funding trend. The real focus should be on the next few trading days. If daily net inflows continue to drop from tens of thousands of ETH to a few thousand or even turn negative, then it can be confirmed that this round of strong capital inflows is beginning to recede significantly. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

On August 10th, the total holdings of the US-based bitcoin:native spot ETF decreased to 1,222,886.68 BTC, a net reduction of 2,507.85 BTC that day, ending five consecutive trading days of net inflows. Since August 10th was the first trading day of the new week, the cumulative net outflow for the week was also 2,507.85 BTC. The fund structure weakened significantly that day, with no single product showing net increases. Eight products experienced net outflows, while four maintained their positions. The largest single product reduction was approximately 838.07 BTC, followed by reductions of 630.80 BTC, 445.02 BTC, and 298.43 BTC, indicating that the day's adjustment was not limited to a single product but rather reflected a significant expansion of selling pressure. However, looking at the last seven trading days, the BTC ETF still saw a cumulative net increase of 6,854.01 BTC. Last week, from August 3rd to August 7th, all five trading days saw net inflows, accumulating to 12,682.54 BTC. Therefore, the outflow on August 10th was mainly a partial reversal of last week's gains and hasn't completely reversed the previously established funding advantage. A more accurate assessment is that BTC ended last week's very strong continuous inflows, with a noticeable pullback on Monday. The next step is to observe whether this reduction is a single day of profit-taking or if this week will see a return to continuous outflows. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-Stop Trading

For me, different stages of life correspond to different "best" jobs. When I was young, I hoped to find a high-paying, not-too-tiring, and seemingly glamorous job. Back then, I thought being a business professional in an airport VIP lounge was the best job—flying around every day, always in business or first class, able to go to many places. Later, when I was actually sitting in the VIP lounge, all I wanted was a Coke. No matter where I flew, all I wanted to do was sleep. After landing, I'd be calculating how long it would take to get home. Although the salary did increase, the pressure was so great that I got gray hair very early. Looking back now, those years of starting my own business were indeed very profitable, but also the most exhausting. Later, I saw people trading cryptocurrency full-time and thought it was amazing, the best job—no need to go to work, just trading and making so much money. But when I started trading myself, I realized that some trading depends on talent, some involves manipulation, some requires sitting still, and many trades result in losses. Then, for a short time, I thought retirement was the best job. I spent my days watching dramas, playing games, and reading. While not wealthy, I wasn't starving, but I couldn't endure it for more than three months. Later, I saw how amazing KOLs were, able to give their opinions and often being guests of industry leaders. It seemed like making money was so easy; how tiring could writing be? Then, when it came to my own experience, I realized how difficult it is to be a content creator. The more content you produce, the more followers you have, the greater the responsibility, and the less you can afford to say anything carelessly, accept any advertisements, or make any guarantees. You live in constant fear. Now, for me personally, the best job is being needed. Earning some money while being needed is already good enough; if I don't have a boss pressuring me, that would be perfect.

@okxchinese's flash profit started again today. Although the returns didn't seem very high this time, if I had participated fully, I should have been able to add a few more Ethereum (0x75231f58b43240c9718dd58b4967c5114342a86c). I always convert the profits from flash profits into OKB. Although the increase isn't large, I hope to wait for the breakout period. In a bear market, you should accumulate more coins, especially those with no cost. x.com/PhyrexNi/status/20871924…

Well, it's safe to say that learning more is always useful. While it's not impossible for someone to intentionally seek out strangers in a bar to spread HIV, HIV is no longer an incurable disease. With active treatment, while a 100% cure isn't guaranteed, the possibility of returning to a normal life and even suppressing the virus to zero is very high. It's like getting a cold and not seeking treatment, but instead trying to spread it. Furthermore, HIV is rarely transmitted through everyday contact. Drinking together, sharing cups, hugging, kissing, skin-to-skin contact, sharing toilets, and even saliva itself are not normal transmission routes for HIV. Even spitting by an HIV carrier or splashing bodily fluids poses a negligible risk. Even if someone did intentionally spread HIV through unprotected sex, the efficiency wouldn't be as high as many people imagine. The CDC estimates the average single-transmission risk for "partner HIV positive, no condom, no PrEP, and no effective antiretroviral therapy" as follows: approximately 0.04% for vaginal intercourse (male as the penetrator), 0.08% for female as the recipient, and 1.38% for anal intercourse (recipient). To illustrate with an extreme example, suppose an infectious HIV-positive woman has unprotected vaginal intercourse with 80 HIV-negative men, and using the CDC's average single-transmission risk of 0.04%: The expected number of infections would be only 0.032. The theoretical probability of at least one infected person out of 80 is only about 3.1%. This doesn't mean transmission is impossible, but it illustrates that the actual transmission efficiency of HIV is orders of magnitude greater than the number of people infected by one person in one night. Another crucial factor is that many HIV-positive individuals who have been diagnosed and are receiving standardized treatment are actually not sexually transmissible. The WHO has clearly confirmed that individuals receiving antiretroviral therapy and maintaining an undetectable viral load will not transmit HIV through sexual activity; this is commonly referred to as U=U (Undetectable = Untransmittable). Therefore, the story of "knowing they are HIV-positive, going to a bar to retaliate, and infecting many people in one night" implies a series of conditions: the person must not only have malicious intent, but also lack viral suppression, have a sufficiently high viral load, engage in high-risk sexual behavior with a large number of strangers that could actually facilitate transmission, and these people must happen to be infected. Theoretically, someone could intentionally spread HIV, but using such an extreme case to explain the collective infection of dozens or even eighty people at a bar event is medically very far-fetched. It can be controlled with minimal treatment. Furthermore, in China, any HIV test result is reported, and a series of subsequent measures are implemented. While the level of oversight may not be as strict, it would be difficult for someone to retaliate against society, especially in a group of dozens of people, not only in China but even in the United States.

I tend to believe that the screenshot of this tweet is highly likely fake. It's not that the chat itself is fabricated, but rather that the content is exaggerated to the point of deviating from the facts. The screenshot mentions an event in Chongqing on the evening of August 6th, followed by a claim a few minutes later that "five friends have already been infected," specifically categorizing it as syphilis, gonorrhea, herpes, etc. If these people were referring to someone who had just been in contact with these women that evening and then confirmed being infected that same night, it simply doesn't make medical sense. The HIV claim is even more obvious. Strictly speaking, what is being transmitted is the HIV virus; AIDS is a disease stage that develops after HIV infection. Even if infected with HIV, the earliest nucleic acid test usually requires 10 to 33 days after exposure, and fourth-generation antigen-antibody tests in laboratories generally take 18 to 45 days to reach a detectable window. There is absolutely no way someone could have had sexual intercourse that night and know they were infected with HIV from this event a few hours later. The same applies to syphilis. The CDC estimates the incubation period for syphilis to be approximately 10 to 90 days, averaging about 3 weeks. The Chinese CDC estimates the incubation period for genital herpes to be 2 to 20 days, averaging about 6 days. Gonorrhea develops much faster, but symptoms usually appear several days after exposure, and many women with gonorrhea show no obvious symptoms. Therefore, if all five friends are infected on the same day they participated in the activity and were diagnosed that day, the only reasonable explanation is that these infections were already present and had no causal relationship with the activity that day; otherwise, the entire conversation would be fabricated. If it wasn't on that day, but before, I wrote an article about HIV/AIDS that I wonder if you remember. Those interested can read it here: x.com/PhyrexNi/status/20676068… The transmission efficiency of HIV through a single sexual encounter is actually quite low. The CDC estimates that, without the protection of condoms, PrEP, or effective antiviral treatment, the probability of a man contracting HIV through unprotected sex with a woman who has HIV is 0.04%, and even the transmission rate through unprotected anal sex is approximately 1 in 909. So, what would the probability be if five people contracted the virus simultaneously? And most ridiculously, it lists "vaginitis" alongside syphilis, gonorrhea, and herpes, treating it as a sexually transmitted disease "transmitted" from one person to another. In reality, "vaginitis" is a very broad clinical concept. For example, the CDC clearly states that common vulvovaginal candidiasis is usually not acquired through sexual intercourse, and bacterial vaginosis (BV) can even occur in people who are not sexually active. The claim that "the landlord kicks people out and then thoroughly disinfects the room" is utter nonsense and has no epidemiological significance for the diseases mentioned in these screenshots. Syphilis is not transmitted through toilet seats, doorknobs, or swimming pools, and genital herpes is not transmitted through ordinary items such as toilet seats, bed sheets, swimming pools, or towels. This shows that the child who fabricated this story has limited knowledge. I also specifically searched for keywords such as "Chongqing Jiangbei," "biochemical mother," "more than 80 girls," and "landlord disinfection." As of now, the main results I found are social media reposts of this claim; I haven't found any reliable sources from the Chongqing CDC, Health Commission, or other departments that can prove the core claim of "more than 80 people in Chongqing Jiangbei experiencing a cluster of STI infections." If the so-called landlord had indeed discovered and disinfected the area, the local Health Commission would definitely have information about it. In the latest official infectious disease statistics released by Chongqing, syphilis did indeed rank among the top three reported Class B infectious diseases in July, but this is normal monthly disease monitoring data for the entire city of Chongqing. While the possibility of a group of young women taking revenge on society is low, it's not impossible. However, the likelihood of it spreading so rapidly and becoming widely known is extremely low, making it highly probable that it's a rumor.

Speaking of housework, Chipmunk is almost 13 years old, so doing chores is definitely no problem for him. The issue is that there aren't many chores he can do. One reason is that he just came back from fencing two hours ago, and both his clothes were completely soaked, even his thick fencing uniform. The only chore he has left to do when he gets home is laundry, which is done in the washing machine, of course. I have him throw all the clothes he needs to wash into the laundry basket, and then I put them in the washing machine. It takes over an hour to wash everything (he gets home around 9:15 PM, and finishes laundry around 10:30 PM). He needs to go to sleep during that hour (he goes to bed at 10 PM), then gets up at 7 AM the next morning for class, and doesn't get back until 9:15 PM. He eats dinner out by himself and doesn't need me to help with anything. The only things I need to do for him every day are ordering a ride and doing laundry. It's not that tiring, but it feels much more exhausting than when I'm doing it alone. 😂

😂I've only written two posts all day, and I fell asleep in my chair twice. I really miss the past month when I was all alone. I usually go to bed late and am used to waking up around noon, but since Chipmunk came back, I have to wake him up at 7 am. Even though he can get up by himself, I still wake up, and after he leaves, I can't fall back asleep. Then I get up and write a little something, then I start to feel sleepy again, and when I wake up it's already afternoon. I've only written a little in the afternoon when I have to order a car for him. I also have to go to school to deliver some things today. After coming home, I cook and eat, and after eating, I feel dizzy and fall asleep again. Then I'm woken up by the phone call about ordering the car, so I order it for him and wait for him to come home. Now he goes to school during the day and fencing in the afternoon, so he has to change and wash his clothes every day. I also have to wash his clothes and hang them up to dry. I feel sleepy again, and this is only his first day of school. This is killing me! 😂😂

Both of my dual-currency accounts expired on Monday. First, the test account. Although I didn't manage to buy at the bottom, I'm still incredibly happy with the nearly 92% annualized return. I just bought again at $63,000, but unfortunately, the interest was a bit lower this time, only around 10%. It'll do, I guess. Today marks exactly two months. In 60 days, this test account has yielded 10%, with four trades, resulting in a total annualized return of 64.25%. Honestly, I'm very satisfied with this. This afternoon, I was telling my friends not to overcomplicate things; just buy at $63,000 and sell at $66,000 (a difference of $1,000 is acceptable). Although many people look down on dual-currency trading, I think it's great. While it doesn't have the high premiums of options, it's simple, doesn't require cross-platform trading, and automatically buys and sells at the agreed-upon price. If the price isn't reached, you earn interest. Except for weekends, it's T+1 settlement. I personally really like this kind of investment. My own account also expired today. I had a $66,000 order, but it didn't sell, which is good. I'll keep the order at $66,000, although the interest rate is a bit lower this time. However, because I successfully bought at $63,000 last week, my account is currently showing a profit of over 10%, and it's still in bitcoin:native currency. In general, I believe that trading is my own business, and making money is my own business. As long as I'm in a comfortable profit range, I don't care what others say. It seems like using dual-currency trading is low-level, but even that's low-level. I'm happy as long as I'm making money. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

The frenzy surrounding South Korean retail investors' SK Hynix leveraged ETFs has ended, with trading volume plummeting by 90%. According to Bloomberg statistics, the combined daily trading volume of the seven SK Hynix leveraged ETFs reached nearly 800 million shares at the end of July, but quickly fell below 100 million shares in August, a nearly 90% drop from its peak. The most direct reason is that South Korean regulators raised the minimum cash margin requirements for these products starting July 31st. Previously, many retail investors could repeatedly participate in single-stock leveraged ETFs with relatively low capital thresholds, increasing trading volume as Hynix's stock price rose. Now, with the increased margin requirements and the subsequent price pullback, the most aggressive leveraged funds were quickly forced to liquidate. In June, nearly 1 trillion won in South Korean retail accounts were forced to liquidate due to insufficient margin, and the same amount occurred again in July, making these the two months with the most severe forced liquidations this year. By August 4th, the margin balance in the South Korean market had fallen to 27.4 trillion won, the lowest level this year. Morgan Stanley currently believes that this round of deleveraging may be more than halfway complete. Judging from the trading volume of the Hynix leveraged ETF, this assessment is not exaggerated. At the height of the frenzy, many retail investors were using leverage to chase Hynix, but this trading has now significantly disappeared, and the pressure of continued forced liquidations is much lower than in June and July. However, the liquidity situation in the South Korean market has not truly improved. Foreign investors net sold approximately $30 billion worth of South Korean stocks in June, continued to sell about $6.2 billion in July, and have sold another $4.3 billion so far in August. Although retail leverage has decreased rapidly, foreign capital has not yet returned, so the market is now facing a shift from excessive leverage to insufficient new buying. The same applies to Hynix. Previously, AI, HBM, foreign capital, and South Korean retail leverage all contributed to driving the stock price. Recently, the retail side has clearly cooled down, and foreign capital has continued to sell. It remains to be seen whether new funds will re-enter the South Korean market. If not, then I will continue with the strategy of shorting SK ADRs as they fall. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

😂Sometimes I really hate myself for not following the rules. I repeatedly said I'd see $75 this time, but when it actually reached $75, I didn't want to exit, and ended up dragging my feet and riding the rollercoaster again. This is the second time in this round. Although I'm not worried about shorting oil at all, the recent increase in funding rates is making me a little heartbroken. I didn't spend much money holding the position for the past month, but in less than two weeks, 20% of my investment has gone to funding rates. Today I saw a media outlet saying they'd drag things out with Trump until the 2028 election, and it's a news outlet I read every day. But I think that's unlikely. This media outlet also said that Trump and Iran will definitely not reach an agreement. I haven't been slacking off lately; if there really was such an official statement, I wouldn't be unaware of it. After checking around, it turns out this media outlet is just talking to themselves. However, considering this "media" from India, I checked Grok's data, and the feedback I received was that the media outlet clearly leans towards Iran and is critical of the Trump administration and US policies. Looking at it this way, I understand. It seems you really can't believe everything you hear; you need your own standards of judgment, and you need to verify things if you find something wrong. The decline in US stocks and Bitcoin today is also related to the deterioration of the Hormuz situation over the weekend, but I'm not worried about bitcoin:native or shorting oil. Bitcoin's buy and sell levels are still at $63,000 and $66,000 respectively. However, Trump is likely to accelerate direct US-Iran relations, with less than three months until the midterm elections. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-stop Trading

So Trump's response remained focused on negotiating "conditions," without indicating a complete abandonment of negotiations. x.com/PhyrexNi/status/20868637…

There are so many clickbait headlines these days. Even reports I frequently read can be misleading if I'm not careful and don't verify them. Yes, this article claiming "Iran has completely ruled out any future negotiations with the Trump administration" is utter nonsense, but I suspect major media outlets will reprint it tomorrow. In fact, the tweet's statement, "Trump will not make a deal with us. We will stand by him until the end of his term," is not from an official source, nor even recently, but from an interview in late July. The interviewee was an advisor to Speaker Ghalibaf, not even the member of parliament himself! Moreover, the subtitles clearly show that his statement about Trump not making a deal is based on past assessments, not a definitive statement that a deal is impossible. Iran has never officially stated that it has completely ruled out any future negotiations with the Trump administration; on the contrary, it is still seeking the possibility of negotiation. The media, for the sake of clicks, has no shame!

Be upright in character and honest in actions. My assets don't need to be proven to anyone. My identity doesn't need to be promoted with money. My name is built from 268,000 tweets. This is me—imperfect, not outstanding, not rich enough, but that's who I am. It's pathetic when someone can't even accept themselves and needs to use lies and money to cover it up. Accepting your flaws allows you to grow faster. x.com/PhyrexNi/status/20868573…

On August 7th, the total holdings of the Ethereum:Native spot ETF further increased to 5,582,891.55 ETH, with a net increase of 29,736.44 ETH on the day, marking the fourth consecutive trading day of significant net inflows. Although this is a decrease compared to 43,872.12 ETH on August 6th, a single-day increase of nearly 30,000 ETH remains at a very high level. In comparison, the ETH ETF's weekly cumulative holdings last week were only 812.35 ETH, essentially flat. This week saw a direct increase of nearly 119,000 ETH, indicating a very significant change in the intensity of capital inflows, with most of the inflows concentrated in the last four trading days. As of August 7th, the total holdings of US ETH spot ETFs reached 5,553,169.85 ETH, while the total holdings in the Hong Kong market were 29,721.70 ETH. Looking at the first week of August, ETH's capital performance significantly outperformed BTC, with a larger weekly net increase in holdings and a stronger continuous inflow. The most important change this week was that ETH quickly shifted from continuous outflows at the end of July to continuous large net inflows. From August 4th to August 7th, over 124,000 ETH were added, indicating a very clear strengthening of the short-term capital structure. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-Stop Trading

On August 7th, the total holdings of the US-based bitcoin:native spot ETF continued to rise to 1,225,394.76 BTC, with a net increase of 1,736.55 BTC on the day, marking the fifth consecutive trading day of net inflows. Compared to 3,989.89 BTC on August 5th and 1,899.60 BTC on August 6th, buying activity cooled somewhat on that day, but the overall direction of funds remained positive, indicating that the fund recovery that began in early August is still ongoing. The cumulative net increase in holdings over the past seven trading days has reached 12,883.06 BTC, indicating that this round of fund inflows has been ongoing for some time. Since August, total holdings have increased by approximately 11,084.20 BTC, an increase of approximately 0.91%. Since 2026, total holdings have decreased by a cumulative 76,381.51 BTC, but have increased by a cumulative 603,044.09 BTC since the first day of listing, representing a growth rate of 96.90%. The most noteworthy aspect this week is the continuity of fund flows. There were net inflows for all five trading days, and although the inflow cooled somewhat on Thursday and Friday after reaching a near 4,000 BTC increase mid-week, it still maintained a significant net inflow. If this trend continues next week, then the fund changes in early August will more closely resemble a new round of sustained inflows, rather than just a short-term rebound after the outflows at the end of July. @Gate Crypto, US Stocks, Hong Kong Stocks, Korean Stocks, Gold, CFDs, Prediction Markets - One-Stop Trading

Strategy Sold 1,690 BTC in a Week, Funds Used to Buy Back STRC Strategy's latest 8-K filing shows that between August 3rd and August 9th, it sold 1,690 MSTR, raising approximately $108.6 million, with an average selling price of approximately $64,262. As of August 9th, Strategy still held 840,447 BTC, with a cumulative purchase cost of approximately $63.36 billion, an average cost of approximately $75,385. Strategy used the $108.6 million from the BTC sales to buy back 1,152,020 shares of STRC and also sold 6,585,682 shares of MSTR common stock via ATMs, netting approximately $653.1 million. Of this, $650 million was added to its dollar reserves, and the remaining approximately $3.1 million went into its cash account. Strategy's current dollar reserves have increased to $4.65 billion, primarily used to support preferred stock dividends and debt interest payments. @Gate Crypto, one-stop trading for US stocks, Hong Kong stocks, Korean stocks, gold, CFDs, and prediction markets.