According to crypto analyst Ai Yi @ai_9684 xtpa, a major cryptocurrency "whale" (presumably a "10-big target") closed out its BTC and ETH short positions an hour ago, generating cumulative profits of $7.494 million. Of this, its BTC short position generated $6.217 million in profits, while its ETH short position generated $1.277 million in profits.

According to Odaily's OKX market data, BTC has fallen below 113,000 USDT, currently trading at 112,982.2 USDT, a 24-hour drop of 2.12%. (This newsletter was generated with AI assistance.)

According to crypto analyst Ember (@EmberCN), since opening short positions early yesterday morning, an insider whale has realized a $6.41 million profit. Their current short positions include 1,111 BTC, 22,222 ETH, 3.33 million XRP, and 444.44 million SOL, in the order of 1, 2, 3, and 4.

1. Arthur Hayes responded to the sell-off: BTC is expected to test $100,000 and ETH will test $3,000; 2. Eric Trump: Again, buy BTC and ETH on the dips; 3. The chairman of Ethereum treasury company Bitmine: Wall Street is "quietly" buying crypto assets, and ETH may rise to $15,000; 4. FG Nexus announced the launch of its Ethereum financial strategy and the establishment of the trust fund FG CVR Trust; 5. Trump Media & Technology Group's Q2 financial report revealed that it holds approximately $2 billion in Bitcoin, with financial assets increasing by 800% year-on-year; 6. Analyst: ETH daily active addresses rise to 841,000, a nearly one-year high; 7. One address has accumulated approximately $148.5 million in PI. 8. A whale withdrew approximately $36 million in ETH from the CEX; 9. Eugene: I'm long ETH again, and $3,500 is a reasonable entry point; 10. Binance Alpha will list DarkStar (DARK) on August 4th. 11. Binance: Alpha users with at least 200 points can claim a 750 AIO airdrop today at 6:00 PM.

According to Odaily Planet Daily, Trump's second son Eric Trump posted on the X platform: Once again, buy BTC and ETH on dips.

Odaily Planet Daily reported that well-known trader Eugene Ng Ah Sio posted on his personal TG channel that he has gone long on ETH again. The bullish sentiment in August was prematurely pursued by the market, but $113,000 BTC and $3,500 ETH are still reasonable positions for opening positions, with stop losses set at $112,000 and below $3,400. While the hype surrounding Data Availability Technology (DAT) may be fading, there remains substantial structural buying in the market, so it's not advisable to turn bearish too quickly. Many people are bouncing back and forth between "the bull market is back" and "it's all over," failing to realize that the market isn't binary.

According to Odaily Planet Daily, Arthur Hayes responded to recent profit-taking on the X platform, stating that the US tariff bill will expire in the third quarter...at least that's what the market believes after the release of the non-farm payroll data. Currently, major economies are not creating credit quickly enough to boost nominal GDP. Therefore, Bitcoin will test $100,000, and Ethereum will test $3,000. For more information, please attend my keynote at WebX Asia in Tokyo on August 25th. I'm going to relax. Earlier news, Arthur Hayes sold 2,373 ETH (US$8.32 million), 7.76 million ENA (US$4.62 million) and 38.86 billion PEPE (US$414,700) early this morning.

Odaily Planet Daily News: Nasdaq-listed company ATA Creativity Global (Nasdaq: AACG) announced that it has signed an agreement with Baby BTC Strategic Capital, led by the Babylon Foundation as an LP. The latter will acquire a controlling stake in ATA for a total of US$100 million, including US$30 million in new shares and US$70 million in warrants, and restructure the board of directors. ATA will transform into the world's first listed platform focused on the BTCFi ecosystem, collaborating closely with the Babylon project (currently 45,000 BTC staked). The company will also acquire a large number of Baby tokens, targeting Baby's over $100 million circulating market capitalization, to establish a dual-track model of "BTCFi infrastructure + Baby token reserves," bridging the gap between crypto and traditional financial compliance.

According to Odaily's OKX market data, BTC rebounded above 114,000 USDT and is now trading at 114,005.3 USDT, narrowing its 24-hour decline to 1.28%. (This newsletter was generated with AI assistance.)

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs was US$812 million yesterday (August 1, US Eastern Time). The Bitcoin spot ETF with the largest single-day net outflow yesterday was the Fidelity ETF FBTC, with a single-day net outflow of US$331 million. Currently, the total historical net inflow of FBTC has reached US$12.083 billion. The second largest ETF was ARKB, an ETF of Ark Invest and 21 Shares, with a net outflow of US$328 million in a single day. Currently, the total net inflow of ARKB in history has reached US$2.387 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$146.479 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) reached 6.46%, and the historical cumulative net inflow has reached US$54.180 billion.