According to an article published on the X platform by The Kobeissi Letter, as of July 28th, hedge funds sold the largest amount of global information technology stocks in three days since data became available in 2016. Simultaneously, hedge funds recorded their largest three-day drop in total equity exposure since November 2022, with selling pressure spreading across all sectors. This liquidation was primarily driven by short covering in macro products such as index futures and ETFs. Furthermore, individual stocks recorded their fifth-largest three-day sell-off in the past five years. Regionally, North America accounted for the majority of the sell-off, followed by Europe. Hedge funds are significantly reducing their equity exposure.

Odaily Planet Daily reports that Telegram founder Pavel Durov posted on his personal channel that Russia has designated him a "terrorist" because he refused Russia's demands for Telegram to implement mass surveillance and content censorship. Durov stated that, according to Russian law, he has been banned from "posting information online," and quipped, "Russian officials have clearly misunderstood who can ban whom online."

According to data from MSX.COM, Situational Awareness, the fund managed by AI stock guru Leopold, has reportedly sold off most of its holdings. According to its 13F report filed with the U.S. SEC for the first quarter of 2026 (ending March 31), many of the fund's publicly disclosed holdings surged today. CleanSpark (CLSK) rose over 19%, Riot Platforms (RIOT) rose 23.70%, Core Scientific (CORZ) rose over 21%, IREN Ltd (IREN) rose over 26%, and CoreWeave (CRWV) and SanDisk (SNDK) both rose over 22%.

According to Odaily Planet Daily, the CME FedWatch tool shows that the probability of the Federal Reserve raising interest rates by 25 basis points on September 16, increasing the target interest rate range to 3.75% to 4.00%, is 61.4%, compared to 50.6% a month ago. The expectation of a 50 basis point rate hike has dropped from 25% a week ago to 0, and the probability of a rate cut is 0. On July 29, the Federal Open Market Committee decided to maintain the target interest rate range at 3.50% to 3.75% by a vote of 9 to 3. Federal Reserve Chairman Kevin Warsh stated that the Committee has only one 2% inflation target and there is no soft inflation target or implied soft target. In the forecasting market, Kalshi traders believe there is a 53% probability of a 25 basis point rate hike in September and a 44% probability of no change, with related trading volume exceeding $1.36 million. Polymarket's related market trading volume exceeds $8 million, with participants pricing in a 52% probability of a rate hike and a 46% probability of no change.