The optical communication sector of the US stock market experienced a general decline before trading, with Coherent falling nearly 5%
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According to MSX.COM data, the US optical communication sector experienced a general decline before trading, with Coherent falling nearly 5%, Lumentum falling over 4%, Maiwell Technology falling over 5%, and Corning falling nearly 4%.
According to AI, an on chain analyst, the largest short seller of LIT on Hyperliquid added $2.5 million in margin today, resulting in a floating loss of $5.605 million. The short holder holds 2.528 million short positions in LIT, with an average opening price of $1.3. Due to the price increase after the launch of LIT on Upbit, the short holder added margin to reduce liquidation risk. Currently, the single coin margin is $7.16 million, and the liquidation price is $5.78.
The People's Bank of China will conduct overnight reverse repo operations from August 27th to September 1st, using fixed interest rates and quantity bidding, with a daily operation volume not exceeding 600 billion yuan.
According to the exchange rate tracking website Bonbast, on Monday in the unofficial Iranian market, the exchange rate of 1 US dollar to Rial fell to 2.039 million, and the Iranian Rial exchange rate hit a historic low.
According to a report by First Financial, HSBC Hong Kong and some Chinese banks' Hong Kong branches have recently initiated a funding source declaration process for long-term inactive mainland investment clients, and set time nodes such as August 20th and September 12th. An HSBC spokesperson stated that the bank complies with relevant regulatory requirements and invites relevant mainland investors to provide self declarations to confirm that KYC and customer due diligence information is up-to-date and valid. The above measures are based on the notice issued by the Hong Kong Monetary Authority on May 22.
Arthur Hayes stated in an interview with Altcoin Daily podcast that ETH will outperform all other large cap cryptocurrency assets in this round of cryptocurrency market liquidity rebound. Arthur Hayes predicts that if BTC rises to $200000, ETH prices may reach $20000, $25000, or $30000. Arthur Hayes believes that BTC market share may drop to 40%, and this process will be driven by ETH.
