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According to Jinshi, next week SK Hynix's $29 billion listing on the U.S. stock market may become the largest initial public offering by a foreign company in history, but this is not just about raising funds. More importantly, it hopes to compete in the hottest area of the current global stock market, which is the memory chip sector used for AI computing.Daniel Morgan, senior portfolio manager at Synovus Trust, which holds Micron stock, stated that the market is in a period of extreme enthusiasm for chip stocks, and now is a good time for U.S. investors to participate in your stock.Zhou Di, portfolio manager at Thornburg Investment Management, which holds SK Hynix stock, mentioned that this offering is aimed at investors who currently cannot access the Korean stock market. SK Hynix's listing on NASDAQ provides investors with the opportunity to directly and frictionlessly participate in one of the most attractive pure plays in the AI memory cycle.

Analyst Ming-Chi Kuo from Tianfeng International Securities stated that the foldable iPhone may repeat the iPhone X scenario, being launched alongside other models but with pre-order and official sale dates delayed, and supply constraints potentially lasting until the end of 2026.From the inventory levels in the third quarter of 2026, the foldable iPhone is likely to be similar to the iPhone X in 2017, which was announced alongside the iPhone 8 / 8 Plus on September 12, but due to insufficient inventory, its pre-order and official sale dates were postponed to October 27 and November 3, respectively. Given the limited shipment of the foldable iPhone in the third quarter, pre-orders and official sales may not open until the fourth quarter of 2026.Kuo mentioned that after communicating with telecom operators, sales channels, and resale/purchasing agents, he believes that even if the foldable iPhone is priced around $2300 to $2500, demand could remain strong at least until the end of 2026. This means that once pre-orders for the foldable iPhone open, it may sell out quickly, and the waiting time for shipments could extend to 4 to 6 weeks or even longer, continuing into December.He believes that the initial scarcity of the foldable iPhone, its high recognizability, and its innovative user experience could drive up short-term resale prices, making it possible for resale prices to exceed the official price by 50% to 100%.

Citigroup Research stated in the U.S. Economic Weekly published on July 2 that the U.S. non-farm payroll data for June showed a significant weakening, strongly refuting the necessity for interest rate hikes. Citigroup believes that several factors that previously supported a hawkish stance, including rising oil prices, accelerated wage growth, and core PCE above target, have gradually faded, stating that "the reasons for rate hikes have disappeared."Data shows that in June, the U.S. non-farm payrolls added only 57,000 jobs, far below expectations, and the data for the previous two months was revised down by a total of 74,000 jobs. After revision, the average monthly growth of non-farm payrolls over the past three months has dropped to about 111,000, a significant decline from over 180,000 before the revision. The unemployment rate in June fell from 4.296% to 4.189%, but Citigroup believes this is mainly due to the labor participation rate dropping from 61.8% to 61.5%. If the participation rate remains unchanged, the unemployment rate would actually rise to above 4.5%.Regarding inflation, Citigroup stated that multiple factors are collectively suppressing price pressures. Oil prices have fallen back to pre-conflict levels, and July CPI and PCE data are expected to show a month-on-month decline; further slowing of housing rents will also drag down core CPI and core PCE. In addition, the revision of the core PCE methodology will adopt a more reasonable price adjustment approach for AI-related goods. Citigroup estimates that the year-on-year growth rate of the revised core PCE may be adjusted down by 20 to 30 basis points, which will be officially reflected in September.Citigroup maintains its baseline forecast, expecting the Federal Reserve to remain on hold at the FOMC meetings in July and September, with the first rate cut of 25 basis points occurring at the meeting on October 28, followed by another 25 basis points cut in December, bringing the federal funds rate range down to 3.0% to 3.25% by the end of the year. Citigroup also expects the Federal Reserve to cut rates three more times in 2027, with a terminal rate range of 2.75% to 3.0%.

According to a report from Hongxing News, an investigation report leaked from a scam park in Myanmar shows that global telecom fraud is accelerating towards an "AI industrialization + cross-border encrypted payment" system. The scam network completes fund circulation through cryptocurrency and uses automated tools based on large models for multi-language script generation, identity disguise, and emotional manipulation.According to the investigation analysis, these systems extensively utilize OpenAI's ChatGPT and Google's Gemini at the functional level to support "scaled social fraud." The funding side achieves rapid laundering and transfer through on-chain payments and cross-border channels, forming a dual structure of "AI customer acquisition + encrypted settlement," which gives the fraud industry a high degree of automation and transnational diffusion capability. In addition, Starlink, owned by Musk, has become the number one network service provider for the scam park in Myanmar, with American ISP providers carrying nearly one-fifth of the park's traffic.In response to the related accusations, OpenAI stated that the behavior of scammers using ChatGPT is highly similar to that of ordinary users, making identification difficult. However, they have banned about 100,000 suspicious accounts monthly through behavioral pattern recognition and risk control systems. Google stated that its AI models have safety barriers in place and emphasized its commitment to "responsible AI development" to limit the tools' use for fraud and other illegal purposes.

According to on-chain analyst Yu Jin's monitoring, one hour ago, the Ethereum Foundation funded the non-profit development organization Argot with 2,469 stETH, worth approximately 4.34 million USD.Last July, the Ethereum Foundation provided Argot with a three-year operational funding grant totaling 7,000 ETH. After receiving it, Argot sold 4,826.6 ETH at an average price of 3,194 USD, exchanging it for 15.417 million USDC.Today, Argot received the fourth-year funding from the Ethereum Foundation, amounting to 2,469 stETH. In July next year, Argot will also receive the final fifth-year funding, also for 2,469 stETH. On-chain transactions show that the funds have been transferred to the relevant address of Argot.

According to monitoring by Catcher Predict, in the event "Counter-Strike: B8 vs BIG XSE Professional League Group Stage" on the prediction market Polymarket, the option "B8" in the sub-market "Map 2 Winner" has experienced a dramatic fluctuation in winning probability, dropping from 55.5% an hour ago to the current 11.5% (a fluctuation of 44%). Please note the impact of related breaking news.

According to on-chain analyst @ai_9684xtpa, a suspected insider address built a position when the market cap of the Meme coin CZ was only about $150,000 and has now started to sell.According to on-chain data monitoring, the address 0xf34...fddee spent only $756.8 yesterday to buy 5.108 million CZ, with a purchase cost of about $0.0001481. Ten minutes ago, this address sold 25% of its holdings at a price of $0.06853, making a profit of about $87,000.Currently, this address has accumulated a profit of about $374,000, including unrealized gains, with a return rate as high as 49,421.1%.

According to Onchain Lens monitoring, Huang Licheng's 25x leveraged Ethereum long position seems to be in a state of high tension. Data shows that the position size is approximately 9,000 ETH (about 15.84 million USD), with an opening price of 1,721.04 USD, and the current price is about 1,760.3 USD, resulting in an unrealized profit of approximately 353,000 USD and a return rate of about 55.7%.However, its liquidation price is at 1,731.95 USD, leaving only about 28 USD of space from the current price. If the market experiences a slight pullback, it may face the risk of forced liquidation. In the highly volatile cryptocurrency market, the risk exposure of this position has quickly attracted attention, and the market is also observing whether it will choose to take profits early or continue to hold the position for speculation.

Hyperliquid founder Jeff posted on platform X that VALR, the largest cryptocurrency exchange in Africa, will directly utilize Hyperliquid's on-chain liquidity to support its core perpetual contract products. This is a significant milestone that will redefine the way the next generation of financial applications are built.The breakthrough in cloud computing lies in the ability for any startup to quickly test its ideas and rest assured that the infrastructure will scale as the business grows. As the most liquid global venue for assets like BTC, Hyperliquid will play the same role in the global economy. By leveraging the deepest on-chain liquidity, builders can shift their focus back to their products and users. Heartfelt congratulations to the VALR team. We are honored that they chose to build on Hyperliquid. Looking forward to expanding together.

According to The Edge Malaysia, South Korean Chief of Staff Kang Hoon-sik stated on July 5 that the Lee Jae-myung government plans to establish a "Future Response Fund" using the additional tax revenue generated by the semiconductor boom. This fund will support three major super projects (semiconductors, physical AI, data centers), cultivate new growth momentum, address "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for the young population aged 20 to 30.Samsung Electronics, SK Hynix, and government agencies plan to invest hundreds of billions of dollars in the aforementioned projects, aiming to strengthen South Korea's global competitiveness in the chip and AI sectors and promote balanced development outside the capital region.

According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium range for 48 consecutive days (from May 19 to present), with the latest value at -0.0911%. This index measures the deviation of the BTC price on Coinbase (a mainstream compliant platform in the U.S.) relative to the global average price. The sustained negative value indicates heavy selling pressure in the U.S. market, a decline in risk appetite, capital outflows, or rising risk aversion.Historical data shows that long-term negative premiums are often accompanied by the exit of institutional funds from the U.S., and caution is needed regarding short-term pullback pressure. The Coinbase premium index is primarily used to assess the demand for Bitcoin among professionals and institutions. By comparing the BTC prices on Coinbase Advanced and Binance, one can directly understand the purchasing behavior of these users. Negative data indicates that the amount sold by institutional investors exceeds that of retail investors, while retail investors are mostly active on the Binance platform, and their behavior has led to the decline in the Coinbase premium index. Previously, this index was in a negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "continuous negative" record since the launch of this indicator, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."

StarPhone is the first AI Agent phone, equipped with an AI native operating system, Echo local intelligence model, and Web3 infrastructure, which can convert users' natural language commands into executable tasks. Users only need to state their goals to complete transactions, asset management, information analysis, and other operations. With a native wallet, multi-chain support, hardware-level security, and AgentStore, StarPhone is driving smartphones from app-based operations to the "intention-driven, automated execution" era of agents.Currently, this AI Agent phone is available for pre-sale.

On-chain detective ZachXBT disclosed on his personal channel that a hacker extracted approximately 3,200 ETH through Tornado Cash between July 2 and 3. The funds are related to two private key leakage incidents. The address subsequently used Circle's CCTP cross-chain bridge to launder approximately $5,500,000 in assets across chains and further transferred USDC to seven deposit addresses on the Arbitrum network.ZachXBT pointed out that the flow of funds exhibits a typical decentralized money laundering path, utilizing mixing tools and cross-chain infrastructure to reduce tracking difficulty. Currently, the related on-chain assets are still in circulation.

Michael Saylor stated that the biggest evolution of Bitcoin in the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that the foundational layer of Bitcoin will become more solid, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will build on Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform competing to add features, but a monetary network whose purpose is not to act quickly and disrupt things, but to move slowly and remain unbroken.Saylor indicated that Bitcoin has won the first important battle, and the world is increasingly understanding that Bitcoin is digital capital, possessing attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment rails," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The foundational layer is not optimized for coffee payments, but designed for final settlement, reserve assets, collateral settlement, and ultimate ownership transfer.He believes that the four-year cycle of Bitcoin is still important, but no longer the dominant model. In the next decade, Bitcoin's price movements will be driven less by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halving will tighten supply, while capital flows will determine the growth trajectory. Digital credit will accelerate Bitcoin adoption, connecting Bitcoin capital with the broader financial system.Saylor stated that the main question in the next decade is not whether Bitcoin can survive, but whether economic exposure is still connected to real Bitcoin or if too much "paper Bitcoin" is being formed. Custodial transparency, proof of reserves, risk management, capital structure, and counterparty risk will all become important.He expects that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and become an important collateral asset in the digital credit market; while the foundational protocol itself may change less than everything built around it.

According to South Korean media reports, the Bank of Korea has warned that single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix may further exacerbate market concentration, amplify market volatility, and reinforce one-sided trading capital flows. In a written response submitted to the People Power Party member Park Sung-hoon, the Bank of Korea stated: "Given that Samsung Electronics and SK Hynix account for more than half of the total market capitalization and trading volume of the Korean stock market, expanding the investment scale of single-stock leveraged ETFs may further intensify market concentration."The Bank of Korea indicated that as corporate operating conditions or market expectations change, the inflow and outflow of funds increase, which may amplify one-sided trading for such products. Furthermore, once the market experiences a correction, retail investors' losses may further expand, and increased ETF redemptions or portfolio rebalancing may also exacerbate the price volatility of related stocks. According to Yonhap News Agency, the Bank of Korea plans to strengthen monitoring of the impact of single-stock leveraged ETFs on the stock market and the financial system.

The South African Revenue Service (SARS) recently released the "Draft Guidelines on Taxation of Crypto Assets," seeking public input on how South African tax residents should declare and handle income related to crypto assets, with a feedback deadline of August 31.The guidelines focus on the provisions in tax law that are most closely related to crypto assets and do not cover all applicable sections. Some provisions, although not explicitly mentioning crypto assets, are also applicable to related trading activities.The guidelines state that South Africa's income tax system is residency-based. With specific exceptions, South African tax residents must pay tax on their worldwide income, including income and capital gains from crypto assets listed on foreign exchanges; non-residents may also have tax obligations if their income source is South Africa or if the disposed assets meet the relevant provisions.

According to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 over the past month. This year, a giant whale has achieved a cumulative profit of 6,389 ETH (approximately 11.34 million USD) through two ETH/BTC exchange rate trades, and today it initiated the third ETH/BTC exchange rate trade of the year, selling 4,695 ETH at an exchange rate of 0.0285, exchanging for 133.8 BTC.This giant whale bets that the ETH/BTC exchange rate will weaken subsequently, meaning that ETH will rise less compared to BTC or fall more. On-chain data shows that this giant whale sold ETH at high exchange rates and bought back ETH at low exchange rates in both of its previous ETH/BTC swing trades this year, cumulatively increasing its holdings by 6,389 ETH.Among them, at the beginning of January, it sold 22,345 ETH for 774 BTC and bought back 24,564 ETH at the end of January, making a profit of 2,219 ETH; in mid-April, it sold 24,564 ETH for 784.7 BTC, and at the beginning of June, it bought back 28,734 ETH, making another profit of 4,170 ETH.

According to Coinglass data, in the past 7 days, CEX platforms saw an inflow of 4,932.87 BTC, among which:Binance platform inflow of 2,006.76 BTC;OKX platform inflow of 1,999.85 BTC;Kraken platform inflow of 848.24 BTC;Coinbase Pro platform outflow of 110.81 BTC;Bitfinex platform outflow of 113.06 BTC.