South Korean Finance Minister Confirms Delay of Cryptocurrency Tax Policy to January 2027

Bitwise Chief Investment Officer Matt Hogan stated that Michael Sellers will not be as important in the future as before, and the era of DAT and Strategy dominating market discussions will come to an end when $STRC falls to $75.

[Coinbase to Launch Brent Crude Oil and WTI Crude Oil Perpetual Contracts] According to the official announcement, Coinbase will launch Brent Crude Oil and WTI Crude Oil perpetual contracts. The BRENTOIL-PERP and WTIOIL-PERP perpetual contract markets will open for trading on August 3 at 17:00 (UTC+8) or later.

[Swiss Life Increased MSTR Holdings in Q2, Holding $3.55 Million Worth of Stock] According to BitcoinTreasuries, Swiss Life Asset Managers increased their holdings of Strategy stock MSTR in Q2, with a total of 37,889 shares of MSTR, valued at $3.55 million.

S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.4% after the index had slipped into a correction, with Microsoft up 8% in premarket after its cloud unit grew at the fastest pace in four years while it held the line on spending.

Citrini stated that the investors of Leopold Aschenbrenner's Situational Awareness Fund acknowledge its AI development judgment and long strategy. The fund has risen by about 2200% since its establishment in 2024, but recently experienced a pullback due to the decline in related stocks. If an investor invests $100 million when the fund is established, even if they lose 90% in July, based on a cumulative return of 2200%, their position is still worth approximately $230 million. Citrini expects that after the completion of Situational Awareness fundraising, some short-term hedging may be lifted and new capital will be invested in the market, driving AI stocks to form a temporary bottom.