Reddit · 1079

Data: Exchange stablecoin reserves shrunk 20%, and Binance's share bucked the trend and rose to 68.5%

Comparatively, according to BeInCrypto, CryptoQuant data shows that stablecoin reserves on centralized exchanges fell from a high of around $80 billion at the end of 2025 to around $64 billion, shrinking by about $16 billion (about 20%). Among them, Binance's performance was relatively resistant to decline, and its stablecoin share rose from around 60% to 68.5%, while platforms such as Coinbase, Bybit, and OKX declined even more significantly. Meanwhile, on-chain analysis platform Santiment has detected that pessimistic remarks such as “crypto is dead” continue to heat up on X and Reddit. The Crypto Panic Greed Index currently reports 46 and is still in the fear range. The overall total supply of stablecoins also fell from a high of nearly $316 billion to $30.89 billion in May, but the decline was far lower than on the exchange side, indicating that some liquidity may have moved onto the chain rather than completely leaving the market.

3d ago

SK Hynix also joined the original SSD price refund list: out of stock, no replacement, direct warranty refund

According to comparative news, after Samsung, Western Digital, and Toshiba, SK Hynix was also revealed to be in a situation where SSDs were only refunded and not replaced after sales. A Reddit user recently applied for a warranty for a SK Hynix SSD, but since there was no official inventory available for replacement, the final solution was not to replace the product of the same model, but to refund the original purchase price. This is particularly embarrassing in the current situation where SSD prices continue to rise. Take products such as SK Hynix Platinum P41 and P51 as an example. The price of some of the capacity has clearly risen compared to the previous low price, and some have even reached about double the price of that year. The SSD that users bought at a low price in the past has now broken down. If they can only get back the original purchase price, they may no longer be able to buy a product with the same specifications. More importantly, this treatment does have a basis in SK Hynix's existing warranty terms. The terms on its official website are clear. If the product cannot be repaired or replaced, it can be refunded according to the lower of the original purchase price or the current fair value in the market. Therefore, the current more accurate statement is not that SK Hynix has completely cancelled SSD exchanges, but rather that in the case of lack of replaceable inventory, some after-sales cases will use the original price refund plan. For consumers, the problem is that after the SSD price increases, the original price refund may no longer cover the cost of buying the same product again.

5d ago

Robinhood's second venture capital fund, RVII, hits NYSE to raise $225 million

Comparatively, according to Reuters, Robinhood's second venture capital fund, Robinhood Ventures Fund II (RVII), is listed on the New York Stock Exchange, allowing ordinary investors to participate in investing in unlisted startups. RVII opened at $22.5 on the New York Stock Exchange and raised approximately $225 million. The second fund will focus on current and former participants in the Y Combinator startup accelerator project, which has funded more than 5,000 companies since 2005, including 100 “unicorn” companies. Y Combinator's notable investments include cryptocurrency exchange Coinbase, social media platform Reddit, and ChatGPT developer OpenAI.

7d ago#financing

The US stock storage sector rose collectively, and SanDisk rose more than 7%

Comparative news, according to MSX.COM data, the US stock storage sector rose collectively, with SanDisk up more than 7%, Micron Technology and Western Digital by more than 3%, and SK Hynix and Seagate by more than 2%. Reddit rose more than 11%, and the company was included in the S&P 500 index. Drone concept stock, Drone Machines, rose more than 16%, and the US will levy tariffs on imported drones and parts.

8d ago
With weekly revenue of 3.2 million US dollars, FOMO is so popular that Pump.fun starts to rob people

With weekly revenue of 3.2 million US dollars, FOMO is so popular that Pump.fun starts to rob people

If you just look at the name, Fomo looks like yet another popular crypto trading app. But over the past two months, its growth rate has begun to be hard to ignore. Fomo co-founder Paul Erlanger revealed that the platform's weekly revenue reached a record $3.2 million, growing for the 8th week in a row, 70% higher than the previous week's record. As of August 11, Fomo ranked 16th in the financial category on the US App Store, with about 7,300 ratings and 4.8 ratings. The ranking was previously in the top ten. In June of this year, Fomo just completed Series B financing of 75 million US dollars, led by Index Ventures. According to official data, one year after launch, Fomo has more than 625,000 users, a cumulative transaction volume of more than 4 billion US dollars, and generated more than 110 million social interactions. Of these, 68,000 users purchased Crypto for the first time through Apple Pay in Fomo, with a cumulative amount of about 25 million US dollars. In other words, Fomo is doing something that many Crypto products have always wanted to do, but which is not easy to do: bring ordinary users who are not familiar with wallets, Gas, and on-chain transactions directly into the market. And this is the real reason why Fomo is suddenly in the spotlight recently. Why is Fomo running so fast? Fomo did not create new financial products; it mainly reworked users' transaction paths. Traditional on-chain transactions are often: first see a token on X, Telegram, or Reddit, then check the market, find a contract, open a wallet, prepare gas, and finally trade. Fomo pushes these links into a feed: users first follow people, see what friends or leading traders have bought, and then directly complete the transaction; complicated steps such as Apple Pay, cross-chain, and Gas are hidden in the background as much as possible. As a result, Fomo is more like a “social product with transaction features” rather than a “wallet with social features.” Galaxy Research analyst Will Owens studied this trend and said that the trading interface is shifting from revolving around “charts” to revolving around “people.” In the past, users first found an asset and then studied it; now they may first focus on the trader and then discover the asset from his behavior. Fomo isn't the only company seeing this opportunity, though. Robinhood has launched a beta version of Robinhood Social this year, where users can follow other investors, view real and verified trades and returns, and trade stocks, options, crypto, and prediction markets directly from the feed. Coinbase's Base App has also put social feeds, transactions, payments, and app discovery into the same product. Users can follow traders and copy transactions. Phantom, on the other hand, relies on the stock advantage of more than 20 million users and is adding features such as Trending Tokens, Top Traders, perpetual contracts, and predictive markets. Everyone is starting to do the same thing, which shows that “social+trading” is becoming the direction of joint competition for retail trading products. Pump is in a hurry and is starting to target Fomo users? Originally, the two were not direct rivals. Recently, however, a “gagging agreement” has been circulating in the community: FOMO community user CLR announced a user migration agreement supposedly from Pump.fun. Allegedly, eligible Fomo traders can receive a one-time signing bonus of $20,000 and a fixed monthly remuneration of $30,000, but they need to transfer funds and positions, use an exclusive wallet, bind to an X account, and close the Fomo account while meeting minimum transaction volume requirements. Currently, Pump.fun has not publicly confirmed this agreement. If the agreement is true, one detail is worth noting: According to the disclosure, the minimum monthly transaction volume requirement for subscribers is only $25,000, or 25% of the previous average monthly trading volume of Fomo. If you only calculate the minimum threshold, the monthly remuneration of 30,000 US dollars clearly cannot be covered by the processing fee generated by this user himself. This means that what Pump is really willing to spend money on is probably not the individual trading volume, but the public identity, followers, and subsequent transactions behind the trader. The two projects actually do different things. Fomo starts with “people and content”: first establishing relationships with feeds and traders, then directing traffic to assets; Pump starts with issuing tokens and then expands to swap and trading terminals. One is more biased towards demand and distribution, and the other is more focused on asset supply and trading infrastructure. But when both parties start to make love...

11d agoWendy#FOMO #MEME #Pump.fun #Robinhood #transactions

GME plot reenactment? Hertz's empty market sparks a buzz in the Reddit community

Comparing news, the low-priced US stock Hertz Global (HTZ) recently became the focus of attention of Reddit retail investors. Driven by better-than-expected second-quarter results, HTZ continued to rise sharply after the financial report was released, and the market began to compare this car rental company with meme stocks such as GME and AMC in 2021. According to BIT (bit.com) market data, HTZ surged about 30% after the earnings report on Thursday, and continued to rise during the Friday session. The volume increased significantly, and attracted discussions from retail communities such as WallStreetBets. According to MarketBeat data, as of July 15, HTZ had about 97.54 million short shares, accounting for about 31.2% of tradable shares, and the days-to-cover was about 3.9 days. The high short ratio was compounded by a sudden rise, making bears' recovery an important driver in this round of the market. Fundamental catalysts come from Hertz's latest earnings report. The company's second-quarter revenue was approximately US$2,396 million, up about 10% year on year; net profit was approximately US$64 million, compared with a loss of US$294 million in the same period last year. The company lost $0.11 per share, better than the market expected loss of $0.24; the adjusted EBITDA was approximately $81 million, close to the upper end of the guidance range. The improvement in used car prices will also ease the market's previous concerns about the decline in fleet residual value. This wave of markets occurred against the backdrop of a recovery in risk appetite in US stocks. On Friday, US employment data unexpectedly weakened, and market bets on the Fed's continued interest rate hike cooled down. The 10-year US Treasury yield fell back to about 4.64%, the S&P 500 index reached a record high, the NASDAQ rose 1.3%, and the small-cap index Russell 2000 strengthened at the same time. Low-priced, high-short stocks such as HTZ are more likely to become short-term trading targets when capital is once again chasing highly flexible targets. However, compared to GME in 2021, there is still a gap in HTZ's current emptying structure. According to the SEC report of that year, GME's short share ratio once exceeded 100% of tradable shares, and HTZ is currently shorted about 30% of tradable shares. Although it is at a high position, it has not yet reached an extreme level.

12d ago
On the eve of SpaceX's first earnings report, Musk was so anxious that he stayed up late to play

On the eve of SpaceX's first earnings report, Musk was so anxious that he stayed up late to play

Author: Ga-6 Recently, in addition to Oracle founder Ellison taking his six-married Chinese wife to shopping in Newport, Los Angeles, the former richest man in the world, Musk, became addicted to “Eildon's Ring” again after SpaceX's stock price fell. This isn't the first time Musk threw himself into a game during a high-pressure period. In 2022, after deciding to buy Twitter, he played “Eildon's Ring” at a Vancouver hotel until 5:30 a.m. This is what Musk's former girlfriend said, and it was later written in “The Biography of Musk.” Musk's anxiety this time came from a sharp drop in SpaceX's stock price. On the first day of listing on June 12, SpaceX closed at $161, surpassing $2.1 trillion in market capitalization, directly among the top six US stocks. Four days later, on June 16, the intraday market hit an all-time high of $225.64, and the market capitalization once reached $2.94 trillion, briefly surpassing Microsoft. Musk's net worth reached 1.45 trillion US dollars that day, making it the richest time humans have recorded. Today, seven weeks later, the stock price has dropped from a high of $225.64 to $114, close to a standstill. The market capitalization has evaporated by about 1.2 trillion dollars, and Musk's personal book has evaporated by more than 750 billion dollars. People close to Musk said that he has recently become super addicted to playing “Eildon's Ring”, and is also looking for employees to help him play games, even during meetings. It is common to slander employees at meetings. He was often late for evening meetings, and even postponed the 8 pm meeting until 2 in the middle of the night and there were people waiting for him. Although we are unable to confirm the truth of these news. However, Musk's anxiety reached its peak this week, as SpaceX's first earnings release this Tuesday coincided with the first round of large-scale lifting of the ban this Thursday. Who undertook the $1.2 trillion evaporation On June 16, SpaceX's four-day market capitalization hit $2.94 trillion. However, the good times didn't last long. SpaceX, which has low circulation and high valuation, experienced 51 days of unilateral decline. As of today, SpaceX's market value has evaporated by about 1.2 trillion dollars. Musk himself is probably the one who has been most affected. He holds approximately 4.8 billion shares of SpaceX, plus 350 million options with an exercise price of $8.40, and approximately 700 million Tesla shares. SPCX fell 16.4% in a single day on June 22, and he lost $152 billion a day. The net worth fell below 1 trillion dollars on July 1, officially losing his status as a trillionaire. The launch of the Starship was suspended on July 16, and another day it lost 45 billion dollars. On July 27, his net worth dropped to $695.7 billion. In five weeks, Musk's net worth evaporated by about 750 billion dollars, and the evaporated market value surpassed the net worth of the second and third richest people in the world combined. And the most “dumb eaters can't tell you how bitter it is” are the millions of US retirement account holders who have never placed a SpaceX purchase order. SpaceX was included in the Nasdaq 100 Index on July 7. According to the old rules, newly listed companies need to wait a three-month “maturing period” before they are eligible. Nasdaq has modified the rules specifically for SpaceX: companies whose total market capitalization exceeds their existing constituents can skip the waiting period. SpaceX was included in the index just 15 trading days after listing, making it the fastest ever NASDAQ 100. J.P. Morgan estimates that the Invesco QQQ Trust Fund alone, which manages about $480 billion and tracks the largest ETF on the NASDAQ 100, generated around $4.3 billion in passive buying demand. Adding up all the products tracking the Nasdaq 100, over 200, managed assets of about $800 billion, and the total passive capital flow was between $22 billion and $27 billion. The vast majority of this money entered the market before and after the market closed on July 6 and opened on July 7. At that time, the SPCX price range was $157 to $161. As of July 22, QQQ held 39.7 million shares of SPCX, with a market capitalization of US$4.57 billion and a combined weight of 0.98%. In other words, millions of 401 (k) holders became SpaceX shareholders at a price of around $160. And their asset allocation added a net loss of 4.9 billion dollars in 2025...

18d agoburnking#SpaceX #Musk

Robinhood chain meme coin TENDIES surpasses $20 million in market capitalization, a 24-hour increase of 64%

According to GMGN quotes, the market value of TENDIES, the meme token on the Robinhood chain, surpassed $20 million, a 24-hour increase of 64%, and a 24-hour turnover of $2 million. TENDIES are online tendies (chicken dices/chicken nuggets) from US retail investors and the Reddit community. They represent the grassroots sense of victory that ordinary retail investors celebrate when they make money and go home to eat chicken nuggets. Note: Meme coin transactions are highly volatile, mostly dependent on market sentiment and conceptual hype, and have no actual value or use cases. Investors should be aware of risks.

18d ago

HIP-3 decentralized trading platform Paragon took a picture of Yushu Technology's ticker

Comparative news, according to hl.eco data, HIP-3 decentralized trading platform Paragon won Yushu Technology's ticker UNITREE and Reddit ticker RDDT with 577.66 HYPE, respectively, in a recent HIP-3 auction. The HIP-3 decentralized trading platform Paragon currently has 12 stock contract trading pairs, with a daily trading volume of one million dollars. Recently, it has continued to expand through intensive auction tickers.

19d ago