USDD Releases June Transparency Report: Smart Allocator Cumulative Returns Exceed $20 Million, Profit Strategies Continue to Diversify
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A stronger dollar caused aluminum prices to fall to their lowest level since February, with a cumulative drop of 16% in June.
According to Mars Finance, citing Jinshi News, industrial metals are under pressure due to the continued strengthening of the US dollar, with aluminum prices falling to their lowest level since mid-February. After a cumulative decline of 16% in June (the largest monthly drop since 2008), the downward trend in aluminum prices has continued. The US dollar index rose for the second consecutive day, accumulating a 2.5% increase over the past two months, making dollar-denominated commodities more expensive for most buyers.
Nansen integrates with Hyperliquid perpetual contract trading, supporting smart money and on-chain data analytics.
BlockBeats reported on July 7th that blockchain data analytics platform Nansen has officially launched its Hyperliquid Perp (perpetual contract trading) feature, making it available to all web and mobile users. Users can track Smart Money, whale addresses, and the on-chain activities of well-known investors while directly trading Hyperliquid perpetual contracts within Nansen. They can also view key data in real-time, such as funding rates, long/short positions, and wallet-level position distribution, achieving a seamless "research-as-trade" experience. Nansen stated that the platform has simultaneously launched the Hyperliquid Perps Leaderboard, which supports filtering by Smart Money, whale, and top traders, and can be sorted based on performance over the past 7 days, 30 days, or historical cumulative performance, helping users quickly discover leading wallet addresses. In addition, users can deposit funds from external wallets within the app, or cross-chain from connected Solana and Base wallets to Hyperliquid, and can also directly receive asset transfers from other Hyperliquid addresses. In addition to trading functionality, Nansen has further expanded its data coverage across the Hyperliquid ecosystem, including HyperFND on-chain activity monitoring and the Hyperliquid Data API. Users can track HyperEVM active addresses, contract deployments, and ecosystem growth in real time, while development teams can access real-time Smart Money perpetual contract positions, unrealized profit/loss (PnL), account health, complete trading history, and performance data via the API, supporting quantitative analysis, strategy development, and application building.
Opinion: Warsh's concise style makes the Fed's June meeting minutes even more important.
PANews reported on July 5th that, according to Jinshi, George Gonsalves, head of US macro strategy at Mitsubishi UFJ Securities Americas, stated that Warsh's concise style makes the June meeting minutes more significant than usual, providing a valuable perspective on the differing positions among Federal Reserve officials. "The minutes will become even more important because until now, we didn't know what the Fed was thinking. Seeing how they debated and what they focused on will be very enlightening," Gonsalves added. He further noted that some investors have questioned Warsh's "hands-off" approach, with many hoping for a return to greater transparency. Many market participants are unaccustomed to reduced information and remain quite skeptical about how long the Fed can maintain this stance. Now, we can only try to decipher the implied meaning between the lines.
One "smart money" investor opened a long position in Micron Technology with $8.4 million, becoming the largest long position holder on the blockchain.
According to Mars Finance, on July 3rd, Hyperinsight monitoring showed that in the past two hours, a newly created address (0x0ad9) long on 8,205.3 units of MU (Micron Technology) with 4x leverage, totaling $8.4 million. The average opening price was $1,036.8, and it is currently showing a slight loss. In addition, the same address simultaneously opened a $2 million long position in SKHX at an average price of $1,597. It is understood that this address was newly created in June with approximately $10 million in funds. In the past two weeks, it profited from long on the semiconductor sector in late June, and then completed a round of short position opening and closing in the last two days, maintaining a cash position for a period. Its cumulative profit in the past two weeks has exceeded $5.3 million.
Opinion: Strategy's structural problems are not yet fully resolved; it should explore generating returns using its Bitcoin holdings.
According to Mars Finance, on July 3rd, Alex Thorn, Head of Research at Galaxy, wrote that Strategy's capital management adjustments announced on Monday marked a significant turning point. In the preceding weeks, Strategy's preferred stock "digital credit" system had been under pressure, with STRC preferred stock falling below its $100 par value and hitting a record low of $71.25 on June 26th. The market began to question how the company would pay its increasing preferred stock dividends. Strategy subsequently announced a new digital credit capital framework, including a board-approved dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred securities buyback authorization, a $1 billion MSTR common stock buyback authorization, and a BTC monetization plan. Simultaneously, the board increased the annualized STRC dividend yield from 11.5% to 12%, applicable to the semi-monthly dividend due on or after July 1st. Following the announcement, MSTR rose 12.6% to approximately $92.70 on Monday, while STRC rose 12.2% to approximately $83.70. Thorn believes that Strategy's approach is sensible, but may not permanently solve its structural problems. The company still has a large preferred stock portfolio and ongoing payment obligations, and faces $6.7 billion in convertible bonds maturing in 2027 and 2028. The market's real concern is not Strategy's lack of assets, but whether it has sufficient dollar liquidity to pay dividends without harming BTC holders, MSTR common shareholders, or preferred shareholders. By raising over $1 billion in cash through the sale of common stock, setting a 12-month minimum cash reserve policy, and increasing its current cash coverage ratio to approximately 17 months, Strategy has bought itself time. The most controversial aspect is the BTC monetization plan, the wording of which seems to explicitly indicate that Strategy may sell BTC from time to time. He doesn't want to see Strategy sell Bitcoin because the company's identity and the MSTR premium are built on its narrative as a long-term BTC exposure tool, and selling BTC would weaken that story. However, he also believes that selling a small amount of BTC can be justified if it prevents a disorderly spiral in capital structure, protects preferred stock, and allows for waiting for better market conditions. Strategy should explore how to generate returns from its BTC holdings without having to sell physical BTC directly. This could include lending out a small amount of segregated BTC on conservative terms or using options strategies to capture volatility gains.
Data: Binance bStocks holdings surpass $100 million, with cumulative trading volume reaching $458 million.
According to Chainwire, Binance's tokenized US stock product, bStocks (1:1 pegged to US stocks), launched on June 11, has seen its platform holdings exceed $100 million and cumulative trading volume reach $458 million within 15 days of its launch. Data shows that 47% of the trading volume occurred outside of traditional US stock trading hours, with emerging markets contributing 58% of the trading volume. Users primarily engage in small-scale and fractional share trading. Meanwhile, bStocks' turnover rate is significantly higher than the underlying US stocks, and its holdings are highly concentrated in cutting-edge technology themes (SpaceX accounts for approximately 53%, and semiconductors approximately 37%).