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According to CNBC, Situational Awareness, an AI-themed hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, sold its entire publicly traded stock portfolio in a single transaction to another hedge fund before the market opened on Thursday, with the buyer undisclosed. The fund also sold a significant stake in Anthropic. The fund manages approximately $20 billion to $24 billion, and as of the end of June, it had a net return of 439%, making it one of the best-performing hedge funds this year.According to insiders, this liquidation was due to significant losses in recent weeks. The fund had long positions in AI infrastructure and semiconductor stocks such as SK Hynix, Nvidia, Micron, and CoreWeave, most of which fell over 35% this month, while its short positions in software stocks like Adobe also experienced significant reverse volatility. According to its 13F filing submitted on March 31, about 62% of its $13.68 billion holdings were bearish options betting on declines in semiconductor and tech stocks. It is reported that major brokers such as Bank of America, Goldman Sachs, and JPMorgan are assisting the fund in meeting margin calls or orderly reducing positions, and Aschenbrenner has sought new capital from existing investors and lenders.

According to a report by Jinshi, a report from Goldman Sachs shows that hedge funds focused on the Asian market are facing the largest single-month drawdown on record, due to a widespread sell-off of AI concept stocks, which has erased most of the gains previously concentrated in this sector. As of July 28, these funds have averaged a decline of 18.6% this month. Goldman Sachs pointed out that since the year-to-date return peaked at 40% on July 22, these funds have given back 21 percentage points of their year-to-date gains.

According to CoinDesk, as the U.S. government debt continues to rise, investors are refocusing on scarce assets like Bitcoin and gold, viewing them as tools to hedge against the declining purchasing power of the dollar. Data from the U.S. Treasury shows that as of last Friday, the federal debt has reached a record $39.7 trillion. Market participants point out that U.S. government debt is currently increasing by about $7 billion per day, and in terms of market value, this incremental scale has surpassed most crypto assets.The founder of LondonCryptoClub stated that the rapid growth of U.S. debt is driving the so-called "currency devaluation trade," where investors buy limited-supply assets like gold and Bitcoin to mitigate the long-term devaluation risk of fiat currency. The institution believes that in a "fiscal-dominated" environment, Federal Reserve policy may be influenced by government financing needs, requiring interest rates to remain low while continuously providing liquidity to assist with debt refinancing.Apollo's chief economist Torsten Slok previously warned that the ratio of U.S. debt to GDP has exceeded 120%, leaving limited fiscal stimulus space during future economic recessions. At the same time, the Federal Reserve may find it difficult to cut interest rates significantly as it did in the past, since rate cuts could exacerbate inflation and lower government bond yields, affecting government financing. Currently, Bitcoin prices are maintaining above $65,000, supported by easing tensions between the U.S. and Iran and a drop in oil prices, leading to a rebound in market risk appetite.Meanwhile, Ethereum has recently outperformed Bitcoin, with the ETH/BTC exchange rate breaking through the 100-day and 200-day moving averages, leading the market to believe that altcoin trends may be warming up. However, analysts point out that since its inception in 2010, Bitcoin's price movements have more closely resembled those of tech stocks rather than traditional safe-haven assets, and its safe-haven properties remain controversial.

According to Jinshi reports, Capital Economics strategist Thomas Mathews stated in a report that gold still holds value as a hedge against a sharp decline in the stock market. Recently, gold's performance has resembled that of a "risk" asset, with its price volatility comparable to that of the benchmark S&P 500 index.Although gold performed poorly during the Middle East conflict, its connection with real bond yields remains intact, and a decline in real yields is expected to boost gold.

According to Jinshi reports, Goldman Sachs stated that hedge funds are selling U.S. tech stocks at a record pace.

The second round of the World Cup group stage schedule is halfway through, with some teams having already secured or are close to securing qualification, while several teams still need to determine their fate in the third round. In today's matches, Spain defeated Saudi Arabia 4-0, Belgium drew 0-0 with Iran, Uruguay drew 2-2 with Cape Verde, and New Zealand lost 1-3 to Egypt. As the group stage enters a critical phase, situations where the pre-match high probability directions do not materialize are still frequently occurring, further amplifying the risk of unilateral positions for prediction market users.Base's native leverage prediction market OmenX officially launched the World Cup Hedge to Earn airdrop event today, currently distributing hedge positions to all Polymarket users with positions. After users connect their Polymarket wallets, OmenX will identify their eligible positions; if there are relevant events on the platform, corresponding hedge positions will be issued; if there are no matching relevant events, recommended position airdrops will be provided to help users experience hedging and position management.OmenX stated that Hedge to Earn aims to help prediction market users transition from "unilateral prediction" to "position management." For high-volatility events like the World Cup, users can obtain hedging rewards through OmenX, adding a layer of risk buffer to their existing Polymarket positions.

According to Bloomberg ETF analyst Eric Balchunas posted on platform X, Hedgeye is planning to launch a Hedged Bitcoin ETF with the code HBIT. The fund will invest in Bitcoin ETFs to gain Bitcoin exposure while managing downside risk and generating income through buying and selling call options.

A Spanish La Liga football club faces the risk of relegation before the final match of the season. To avoid losses in ticket and broadcasting rights revenue due to relegation, the club's owner placed a bet of millions of dollars on the prediction market Kalshi against their own relegation.In the end, the club lost the last match 0 to 1 but still managed to avoid relegation. Sources revealed that the counterparty of this transaction was the quantitative trading firm Susquehanna, which profited over 1 million dollars from this deal. The transaction was facilitated by Game Point Capital, an agency that assists professional and college teams in managing risks, with intermediary services provided by Greenlight Commodities.

According to The Information, informed sources reveal that Goldman Sachs and JPMorgan are exploring trading methods based on the cost of computing power, including futures contracts related to GPU leasing prices.As one of the scarcest resources in the AI boom, related futures are expected to be listed by exchanges later this year. Industry insiders say this initiative demonstrates that hundreds of billions of dollars flowing into data centers and the chip sector are reshaping the financial market landscape. For banks providing financing for AI infrastructure construction, such innovative tools may become new means of managing risk.

According to Jinshi reports, Goldman Sachs' prime brokerage division stated that as the S&P 500 index continues its historic winning streak, hedge funds bought U.S. stocks at the fastest pace in six months last week.

Cuban stated, "Every time the dollar falls, Bitcoin should rise... but it just doesn't." He candidly expressed disappointment with Bitcoin but maintains a relatively positive attitude towards Ethereum, referring to most other cryptocurrencies as "garbage." Previously, Cuban had publicly stated that about 60% of his crypto asset portfolio is in Bitcoin, which he has held long-term without selling.

According to Reuters, three insiders revealed that a fund management company based in Hong Kong is planning to launch a new hedge fund to capitalize on the growing interest of investors in Asian artificial intelligence stocks, focusing on the markets in Taiwan and Japan. Kuark Capital, led by Kyle Su, has already raised at least $400 million in funding before the official launch of the hedge fund. One of the sources stated that the three insiders requested anonymity as they were not authorized to speak to the media.

According to The Block, JPMorgan analysts have stated that Bitcoin is gradually surpassing gold as a currency devaluation hedge tool following the Iran conflict.Analysts led by Managing Director Nikolaos Panigirtzoglou noted that Bitcoin ETFs recorded inflows for the third consecutive month in May, while gold ETFs are still struggling to recover the funds that flowed out during the outbreak of the Iran conflict in March. This indicates that since the conflict began, retail investors are choosing Bitcoin over gold for devaluation hedge trades.The analysts stated that Bitcoin purchases are not limited to retail investors through ETFs. JPMorgan's position proxy indicators based on CME Bitcoin futures and offshore perpetual futures have also reached new highs, indicating that institutional investors are similarly increasing their exposure. The momentum signals for Bitcoin and gold have also rebounded since the conflict began. Investors are also indirectly buying Bitcoin through Strategy, with the company's purchase volume potentially reaching around $30 billion this year if the current pace is maintained.

According to Gate market data, Wall Street is once again showing signs of prosperity, with the stock market reaching new highs repeatedly. The S&P 500 Index and the Nasdaq 100 Index both closed at historic highs this month. Data shows that in the first quarter of this year, hedge funds attracted a total of $45 billion, setting a record high since 2007, with the industry's asset size reaching $5.2 trillion. Trend-following quantitative funds had an annual increase of about 10% in May, outperforming the U.S. stock market.

According to The Block, macro investor and hedge fund manager Paul Tudor Jones stated in an interview on the podcast "Invest Like the Best" that Bitcoin is "the undisputed best inflation hedge." He pointed out that the total supply of Bitcoin is capped at 21 million, with less than 1 million left to mine, and combined with its decentralized nature, its scarcity far exceeds that of gold (which sees an annual supply increase of about 2%).Jones began investing in Bitcoin as early as 2020 to hedge against the risks of central banks overprinting money, and the following year expressed a desire to increase his allocation to 5%. However, he also highlighted potential risks, including "kinetic conflicts" involving cyber warfare that could lead to electronic system failures, as well as security threats posed by breakthroughs in quantum computing technology.

According to Bloomberg, the SEC and CFTC jointly proposed to reduce the reporting requirements for hedge funds, intending to eliminate the reporting obligations for smaller advisors and raise the Form PF reporting threshold for private fund managers' assets from $150 million to $1 billion.The two agencies stated that the data collected from Form PF will be used confidentially for inspections and investigations of private fund advisors.

According to Benzinga, digital asset financial services company Tok-Edge announced the launch of a crypto hedge fund aimed at institutional investors, with a goal of raising $100 million in its first round by 2026.It is reported that Tok-Edge had previously been in "stealth mode." The long-term goal of the new fund is to build a compliant crypto asset allocation infrastructure for institutions, with an initial size of $21 million. Traditional finance veteran investor Marcus Meijer and his investment alliance are the fund's investors, with the latter planning to provide $10 million as a cornerstone investor.

According to Fortune, Zaheer Ebtikar, the founder of the crypto hedge fund Split Capital, announced the closure of the fund and officially joined the stablecoin startup Plasma as Chief Strategy Officer. Ebtikar stated that the closure of the fund was not due to poor performance, but rather because he believes that the crypto hedge fund business model is no longer viable. Ebtikar pointed out that the launch of digital asset ETFs by traditional financial institutions such as BlackRock and Fidelity has allowed institutional investors to allocate crypto assets directly through compliant channels, leading to a significant decline in demand for crypto hedge funds. Meanwhile, the crypto venture capital sector has also experienced a "mass elimination," with the prices of mainstream cryptocurrencies like Bitcoin and Ethereum having dropped nearly 50% from their historical highs in 2025.