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In Brief Abraxas Capital strategically closed parts of its short positions for profit in recent market shifts. The fund’s portfolio strategies show different risk profiles, focusing on maximizing gains. Recent transactions demonstrate effective risk distribution strategies, maintaining the fund's profitability.
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- 19:02Solana announces the end of Saga phone support, exiting the market after only two yearsJinse Finance reported that Solana Mobile has announced the discontinuation of software and security updates for its blockchain phone, Saga, marking the end of the device's lifecycle just two years after its release. The official statement noted that compatibility with new systems or services is no longer guaranteed, and users will face security risks and potential app failures. Saga was launched in May 2023, originally intended to promote Web3 adoption, and was co-developed by California hardware company OSOM and Solana Mobile. Despite an initial price of $1,000, later reduced to $599, sales reached only about 20,000 units, falling short of expectations. The device once gained popularity due to meme coin airdrops pre-installed in its wallet, and unopened units are still being resold on secondary markets at up to three times the original price. Solana Mobile has now developed the next-generation crypto phone, “Solana Seeker,” which was released on August 4.
- 18:16Data: If ETH falls below $3,817, the cumulative long liquidation intensity on major CEXs will reach $2.006 billions.According to ChainCatcher, citing data from Coinglass, if ETH falls below $3,817, the cumulative long liquidation volume on major CEXs will reach $2.006 billions. Conversely, if ETH breaks above $4,217, the cumulative short liquidation volume on major CEXs will reach $1.077 billions.
- 17:20The probability of the Federal Reserve cutting interest rates by 25 basis points in October has dropped to 96.7%.According to ChainCatcher, CME "FedWatch" data shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in October is 96.7%, while the probability of keeping rates unchanged is 3.3%.