Crypto Morning Brief: Anthropic CEO Opposes Ban on Open-Source AI Models, Bitmine Continues to Increase ETH Holdings This Week

Author: TechFlow

Yesterday's Market Dynamics

Anthropic CEO Opposes Ban on Open-Source AI Models, Calls for Mandatory Safety Testing and Containment of China's AI Development

According to Bloomberg, Anthropic CEO Dario Amodei recently clarified in a post that Anthropic does not support banning open-weight AI models, a stance shared by Silicon Valley leaders such as Nvidia CEO Jensen Huang. Previously, influenced by breakthrough progress in Chinese AI models challenging U.S. technological leadership, there were calls for government control over open-weight models. Amodei also proposed that the U.S. should take policy intervention measures to slow down China's AI development pace, and advocated that all AI models—whether open-source or closed-source—must undergo mandatory safety testing before release.

Hyperliquid's Largest SK Hynix Short Position Has $6.1 Million Unrealized Profit, While Shorting Brent Crude Profits $2.43 Million

According to on-chain analyst Yu Jin (@EmberCN), as SK Hynix's stock price plummeted, the largest SK Hynix short position on Hyperliquid currently has an unrealized profit of $6.1 million. The address shorted $40.5 million worth of SKHX (Korean stock SK Hynix) at an average price of $1,275.7; as the price corrected to $1,083, the unrealized profit reached $6.1 million. Additionally, the address also shorted $19.15 million worth of Brent Crude (BRENTOIL) at $97.7, currently having an unrealized profit of $2.43 million.

Fed New Chairman Warsh Implements Reforms at First Meeting, Establishes Five Working Groups to Restructure Economic Analysis Framework

"Fed Mouthpiece" Nick Timiraos posted that Federal Reserve Chairman Kevin Warsh announced the establishment of five working groups at the dinner of his first meeting after taking office, aiming to re-examine how the Fed interprets the economy. This move was immediately questioned by Governor Chris Waller, who stated that once the member list is published, the conclusions can be predicted. Warsh previously persuaded Trump to appoint him and now faces a greater challenge—how to get 18 colleagues to abandon traditional mindsets he believes have gone off track. The first major test will come this Wednesday.

Hyperliquid $SKHX Flash Crashes 17.9%, 4-Hour Liquidations Surpass Binance

According to on-chain analyst Ai Yi (@ai_9684xtpa), early morning on July 28, $SKHX on Hyperliquid experienced a flash crash, with 4-hour liquidation amounts surpassing Binance. The cause was an abnormal order in SK Hynix's NXT pre-market trading at 7 AM (1 share traded at 1,272,000 KRW, approx. $867), resulting in a stock price drop of up to 30% due to poor liquidity and triggering a trading halt. Hyperliquid prices plummeted following the Oracle, and Binance prices also fell simultaneously due to arbitrage.

Nvidia Employee Detained by Taiwan Prosecutors, Suspected of Assisting Smuggling AI Chips to China

According to Bloomberg, Taiwan prosecutors detained a Nvidia employee and searched their company office, as part of the ongoing expansion of investigations into suspected smuggling of AI accelerators to China. This is the first legal action taken by government authorities against a Nvidia employee. Previously, Taiwan officials launched the first round of arrests in May, involving Super Micro employees, AI server dealers, and data center operators. The arrestees were accused of forging documents to evade U.S. export controls and illegally export Nvidia AI chips to China.

Google AI Search Penetration Rate Jumps from 15% to 43% in One Year, User Dwell Time Significantly Extended

According to TechCrunch, latest data from market intelligence company Similarweb shows that the proportion of Google AI Overviews appearing in search results has increased significantly from 15% to 43% in the past year, and AI Mode monthly visits also increased from 126 million in June 2025 to 279 million in May 2026. User search behavior has changed significantly accordingly, with average search length continuing to rise, short keyword queries being replaced by more natural conversational questions, and user dwell time on the Google platform significantly extended.

This trend has a significant impact on content publishers; although AI citations have grown more than fivefold compared to a year ago, the actual external link clicks brought remain limited. However, after ChatGPT launched search updates on May 7, the proportion of web page jumps on U.S. desktops increased significantly from 25% in March to nearly 60% by the end of May, bringing some improvement for publishers. Analysts point out that Google is accelerating its evolution from "gateway to the internet" to "terminal for information consumption".

Hyperliquid: SK Hynix Contract Abnormal Volatility Investigated by Trade.xyz, Conclusions to be Announced Separately

On July 28, Hyperliquid responded to the abnormal volatility in the SK Hynix perpetual contract market, stating that the platform is a permissionless blockchain, and HIP-3 markets can be independently deployed and operated by different teams. Among them, the xyz:SKHYNIX perpetual contract is deployed and operated by the Trade.xyz team. Currently, this team is investigating the event and will announce progress after forming conclusions.

Hyperliquid also explained that HIP-3 deployers can independently push market mark prices, oracle prices, and external perpetual price inputs. If adopting a pricing mechanism similar to perpetual contracts operated by platform validators, the protocol provides only one of the three median components, namely the median of the latest on-chain transaction price, best bid, and best ask. The remaining two components are provided by the deployer, and jointly determine the final mark price.

Previous News, Hyperliquid $SKHX Flash Crashes 17.9%, 4-Hour Liquidations Surpass Binance.

SpaceX Stock Price Falls 20% from IPO Issue Price, Market Cap Evaporates Over $1.2 Trillion from Peak

According to Bitget market data, SpaceX (SPCX.O) stock price has fallen 20% from the IPO issue price, and market cap has evaporated over $1.2 trillion from the peak.

Bitmine Continues to Increase ETH Holdings This Week, Received 7,500 ETH from BitGo 4 Hours Ago

According to on-chain analyst Yu Jin (@EmberCN), Bitmine continues to increase Ethereum holdings this week, receiving 7,500 ETH from BitGo 4 hours ago, worth approximately $14.61 million.

Today's Market Conditions

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On-Chain US Stocks Become the Main Narrative, ONDO Rises 30% in Three Weeks, What Catalysts Are Funds Speculating On?

https://www.techflowpost.com/article/32860

RWA is becoming the new capital mainline in the crypto market, and Ondo is standing at the core of the on-chain US stock wave. As platforms like Hyperliquid and Binance accelerate layout of tokenized stock trading, Ondo gains market attention due to advantages in the tokenized securities issuance end. Behind this ONDO rise, funds are betting not just on short-term event catalysts, but on long-term opportunities brought by the restructuring of on-chain asset issuance, trading, and distribution systems.

Buy Global Asset Allocation Rights for $5: Binance Nine Years, Making "Finance" Within Reach

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Decentralized Storage Veteran Storj Files for Bankruptcy, Can "Token for Equity" Save Itself?

https://www.techflowpost.com/article/32857

Decentralized storage veteran Storj is experiencing its first major crisis after ten years of development. On July 26, Storj Labs filed for Chapter 11 bankruptcy protection with a U.S. court, and the STORJ token fell about 16% in response, with market cap dropping to less than $30 million. Facing historical debt pressure, the company proposed a rare solution: attempting to convert token holders into shareholders of the restructured entity. However, against the background of intensifying concentration among top players in the decentralized storage track and the crypto industry entering a clearance cycle, whether "token for equity" can truly save Storj still depends on the final interplay between creditors, the community, and the court.

Goldman Sachs Report Interpretation: Apple Market Cap Surpasses Nvidia, Market Reprices "Spending Less"

https://www.techflowpost.com/article/32855

At Monday's close, Apple's market cap returned to global first. Approximately $4.93 trillion, surpassing Nvidia's $4.78 trillion. Nvidia fell nearly 5% that day, while Apple rose over 1% against the trend.

In the past month, Apple outperformed the Nasdaq 100 Index by 23 percentage points, creating the largest single-month excess return since 2005. The market is repricing one thing: when AI capital expenditure grows larger and larger, not burning money has become an advantage instead.

In Apple's Q3 earnings preview on July 27, Goldman Sachs raised the target price from $330 to $370, maintaining a buy rating. Goldman Sachs expects Q3 EPS to be $1.93, higher than the market consensus expectation of $1.89, iPhone revenue growing 23% year-over-year to $54.8 billion, and Mac revenue growing 15% to $9.3 billion. Supporting this judgment is Goldman Sachs' confidence in Apple's "light capital expenditure, stable profit output" model.