🇨🇳 China Intensifies Chip Market Pressure

China is accelerating the development of its semiconductor industry. The largest memory producer CXMT is preparing for a record IPO, while companies linked to Huawei are starting mass production of their own chip manufacturing equipment.

Amid this, shares of major semiconductor producers have come under pressure, and the market capitalization of the US stock market has dropped by about $600 billion in a short time.

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Joe Biden's son accused Trump of turning crypto support into a family business and "tainting" the entire industry.

He cited the TRUMP shitcoin, which crashed from $75 to $1.36, along with other presidential family crypto projects.

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⚡️ JUST IN: $MSTR goes live on Solana through Sunrise, issued by Backpack Securities.

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🫶 Ondo Finance Drops L1 Blockchain for Private Network

Ondo Finance has dropped plans for its L1 blockchain, Ondo Chain, and launched Ondo Network, a private network for institutional trading.

Trades on Ondo Network execute privately, with settlements on public blockchains, ensuring speed and confidentiality without losing blockchain benefits. Its first product is Ondo Perps.

The network will add spot trading, lending, and more financial products.

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Andrew Tate thanked people holding signs outside the prison, saying the signs were hard to read but he felt every word.

X noted that only one person held a sign outside the prison today.

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These crypto projects have raised $7.5 billion in investments but earned only $1,306 in the last 24 hours, implying a payback period of over 15,000 years.

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The Federal Reserve kept the interest rate at 3.75%, matching expectations and the previous rate.

Inflation remains above the 2% target, burdening the economy. The decision passed 9-3, with Beth Hammack, Neel Kashkari, and Lori Logan dissenting, preferring a 0.25 point hike.

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💸 Trader Turns $16K into Over $1.2M with Meme Coin

An anonymous trader bought 293.75 million PIPEDOG tokens for 8.39 ETH (about $16,000), according to Lookonchain. The trader partially took profits later, with the remaining tokens peaking at a value exceeding $1.18 million.

The total gain from the trade surpassed $1.2 million, roughly a 77x return. However, the value of the leftover tokens later dropped below $900,000.

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Satoshi Nakamoto wrote a now-famous phrase on the BitcoinTalk forum exactly 16 years ago: "If you don't believe me or don't understand, I have no time to convince you, sorry."

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⚡️ JUST IN: Trust Wallet surpasses MetaMask and Phantom in 24-hour Hyperliquid Builder Code revenue.

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Trump earned more in two years of his second term than in the previous 60 years, despite refusing the presidential salary.

His main income sources were crypto, personal merchandise, Trump Media, and licensing his name.

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Someone is building a huge long position in BTC on Bybit, just like in mid-June before the price surged.

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📈 Trader Grows $10K to $27M Using Max Leverage

A trader turned $10,000 into $27 million within a year by going long on memory stocks with max leverage from Fidelity. He kept raising leverage as prices rose, creating a snowball effect.

He hasn’t taken profits yet and has fallen back to $23 million amid the AI sector pullback. This shows how easy it is to ride a bull market but hard to exit and lock gains.

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📉 AI Hedge Fund Leopold Loses 35% in a Month

The AI hedge fund Leopold Situational Awareness lost 35% last month amid a sell-off in AI stocks. Goldman Sachs liquidated part of its positions last week.

The fund grew from $400 million to $20 billion in two years by betting on Intel, Micron, SNDK, Nebius, and Bloom Energy. It used 4x leverage, amplifying losses during July’s correction.

Up to 50% of assets are tied to illiquid Anthropic. A July 24 investor letter noted market opportunities and plans to raise capital.

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Bitcoin price performance this summer

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Listen to what this dude says about Taxes.

This is just crazy gang.

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