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According to reports from Jiemian News, the prospectus shows that Changxin Technology has implemented a rare employee stock incentive plan in the semiconductor industry before its listing. The company launched two phases of employee stock ownership plans over four years, granting shares to a total of 6,760 individuals, accounting for 35% of the total number of employees, with a higher proportion of R&D and highly educated personnel. Chairman Zhu Yiming publicly promised to distribute the granted 768 million shares to current employees free of charge within ten years after the company has been listed for 36 months, and he personally committed not to reduce his holdings within ten years after the listing. This initiative aims to retain core talent and stimulate team motivation through a long-term interest-binding mechanism during the lengthy technology catch-up cycle.In terms of performance, benefiting from the AI-driven super cycle in the storage industry, Changxin Technology has achieved a strong turnaround and significant growth. The company expects to achieve revenue of 110 billion to 120 billion yuan in the first half of 2026, a year-on-year increase of more than six times; the net profit attributable to the parent company is expected to reach 50 billion to 57 billion yuan.Previous news: According to the official website of the Shanghai Stock Exchange, Chinese storage giant Changxin Technology disclosed its intention to list on the Sci-Tech Innovation Board and the "Issuance Arrangement and Preliminary Inquiry Announcement" on July 9, officially starting the IPO issuance process on the Sci-Tech Innovation Board. The announcement disclosed that the offline subscription date and online subscription date for the company's new shares are both set for July 16, 2026. The stock code for Changxin Technology/offline subscription code is "688825," and the online subscription code is "787825." This public offering plans to issue approximately 6.688 billion shares (before the exercise of the over-allotment option), while the issuer grants CICC an over-allotment option not exceeding 15.00% of the initial number of shares issued; if fully exercised, the total number of shares issued will increase to approximately 7.691 billion shares.

According to official social media news, the HTX Genesis Hackathon, hosted by HTX DAO and B.AI, and co-organized by OpenCSG and TinTinLand, has recently selected the Top 15 teams. These 15 developer teams will advance to the finals held offline on July 19 during the WAIC World Artificial Intelligence Conference in Shanghai. In addition, community voting will soon begin, and users can go to the HTX DAO official website to stake and vote for their favorite teams.It is reported that the total prize pool for the HTX Genesis Hackathon is 20,000 USDT, and it provides over $100,000 in computing power support. Participating teams will innovate around the application scenarios of $HTX, B.AI ecological applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems.

CryptoQuant analyst maartunn stated that Binance's monthly futures trading volume has surpassed $1.6 trillion, setting a new high for the year. Bitcoin is currently hovering around $60,000, and market sentiment remains cautious, with many traders still describing the market as bearish.Europe is still adapting to the MiCA regulatory framework, and the summer holiday typically leads to a slowdown in trading activity. Nevertheless, Binance's derivatives trading continues to maintain strong momentum. The surge in trading volume indicates that, despite various factors, traders are still actively participating in Binance's futures market.

Binance will launch the bStocks tokenized security SK Hynix (SKHYB) spot trading pair SKHYB/USDT on July 13 at 21:30, and will enable spot algorithm trading bot services. Deposits and withdrawals for SKHYB will open on the same day at 22:30. Users can enjoy zero maker fees during the event, which ends on September 1 at 07:59.

According to the second quarter industry report from the Australian cryptocurrency exchange Swyftx, the global gig and freelance payment market is expected to reach $2.1 trillion by 2033, with AI-native practitioners contributing $775 billion.Under the assumption of approximately 33% adoption rate, Swyftx's benchmark model predicts that $262 billion of this will be settled through stablecoins. Swyftx's Chief Market Analyst Pav Hundal stated that micro-enterprises with fewer than five people are becoming the fastest adopters of AI, giving rise to a group of independent entrepreneurs operating cross-border and invoicing at high frequencies, currently numbering about 6 to 10 million globally, expected to increase to 17 million within a decade.Traditional cross-border payment fees are high and settlements take several days, while transferring stablecoins via Ethereum Layer 2 networks can reduce costs by 80% to 90%. Swyftx added that if the predictions come true, the institutional settlement layer providing off-exchange liquidity, custody, and yield services for these payments could capture up to $1.3 billion in new revenue by 2033. The market capitalization of stablecoins has doubled in the past two years, with June trading volume reaching a historic high of $1.79 trillion.

High-performance AI-native PayFi L1 public chain AXON Finance announced the completion of a new round of institutional financing, with a total amount of 2 million USD. Among them, Infinite Alliance led the investment with 1 million USD; UZ Capital and Bluemount Foundation co-invested with 1 million USD.The funds from this round will be used to accelerate the construction of AXON L1 infrastructure and promote the launch of its first open ecosystem, the "U.S. Stock Copy Trading Engine." As the first open ecosystem of the PayFi public chain, the U.S. Stock Copy Trading Engine is supported by AXON's L1 settlement and account abstraction infrastructure, opening up the prediction platform ecosystem. AXON serves as the underlying infrastructure technology provider. Together, they form a closed loop of "prediction platform traffic diversion and AXON stablecoin yield": users can obtain stable returns by copying trades with idle stablecoins on the prediction platform through AXON L1, thereby allowing AXON to accumulate real on-chain traffic and TVL.

According to a report by South Korea's "Daily Economic News" on July 12, driven by the stock market investment boom and sustained housing demand, the five major commercial banks in South Korea (KB Kookmin, Shinhan, Hana, Woori, NH Nonghyup) saw a surge in household loans in the first half of this year. As of the end of June, the household loan balance of the five major banks (excluding policy loans) reached 647.57 trillion won, an increase of about 3.7 trillion won compared to the end of last year. This means that in just half a year, the five major banks have exhausted 85.3% of the annual new loan limit set by financial regulatory authorities (approximately 4.33 trillion won), with two banks even exceeding the annual new limit ahead of schedule.To meet the strict overall control targets set by financial regulatory departments, banks are currently accelerating the tightening of credit thresholds. For example, KB Kookmin Bank recently significantly lowered the maximum limit for housing loans from 600 million won to 300 million won, while other banks are focusing on limiting new credit loans and reducing overdraft account limits. However, in just the first nine days of July, the household loan balance of the five major banks increased by over 1 trillion won. Industry insiders point out that against the backdrop of a severely limited remaining quota, banks will have to adopt stricter lending measures in the second half of the year to control the annual growth rate, and the South Korean market is expected to face a severe "credit winter."

A report released by the Bank of Korea on July 13 pointed out that the global semiconductor market is still in a state of supply shortage, and the chip supercycle driven by artificial intelligence (AI) is expected to last for a long time, which refutes market concerns that the chip cycle has peaked.The central bank's analysis states that the current chip cycle is different from previous ones, primarily driven by competitive investments made by companies to respond to the fundamental changes in the industrial ecosystem brought about by AI. At the same time, due to the current market being dominated by customized products such as high bandwidth memory (HBM), the pace of supply expansion is more constrained than in the past.Recently, concerns over excessive investment in AI infrastructure and potential oversupply of memory chips have triggered a sell-off in tech stocks, with significant declines in the stock prices of South Korean chip giants such as Samsung Electronics and SK Hynix. In response, the Bank of Korea stated that although there remains uncertainty regarding the speed of AI technology adoption and profit prospects, major investment banks such as JPMorgan, Goldman Sachs, and Morgan Stanley generally predict that the global semiconductor market will maintain strong momentum at least through next year.

On July 13, according to WEEX TradFi data, the three major U.S. stock indices slightly rose last Friday, oil prices remained strong, and precious metals were generally weak. The market will focus this week on the U.S. June CPI, bank earnings reports, developments in the U.S.-Iran situation, and related dynamics from the Federal Reserve.Key events include: the release of the U.S. June CPI on Tuesday, where core inflation data may impact expectations for Federal Reserve rate cuts, while major banks like JPMorgan will successively disclose their earnings reports; on Thursday, TSMC will announce its latest performance, and AI computing power-related guidance may continue to influence sentiment in the semiconductor sector. WEEX Labs believes that the CPI data and corporate earnings reports will jointly affect the market's pricing of inflation stickiness and AI capital expenditures. Funds may continue to rotate around interest rate-sensitive assets and the AI infrastructure sector. Investors need to pay attention to macro data and the outcomes of events and participate in the market rationally.

According to Jinshi reports, the Iranian Revolutionary Guard stated that the continued intervention by the United States in the Strait of Hormuz will lead to more serious incidents in the global oil and gas sector.

According to Lookonchain monitoring, a trader opened a 20x leveraged short position of 30,000 ETH, worth $53.49 million; this trader previously closed 3 long positions in BTC, ETH, and SOL, all of which were profitable, with a total profit of $444,000.Another trader opened a 10x leveraged long position of 30,000 ETH, worth $53.49 million; this trader has closed 8 trades, of which 6 were profitable, with a win rate of 75%, and a total profit of $3.1 million.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 27, up 2 points from yesterday. The average over the past 7 days is 23, and the average over the past 30 days is 19.

According to Coinglass data, if ETH breaks through $1,865, the cumulative short liquidation intensity on mainstream CEX will reach $603 million. Conversely, if ETH falls below $1,705, the cumulative long liquidation intensity on mainstream CEX will reach $362 million.

According to Coinglass data, if BTC breaks through $65,874, the cumulative short liquidation intensity on major CEX will reach $1.153 billion. Conversely, if BTC falls below $60,216, the cumulative long liquidation intensity on major CEX will reach $485 million.

According to DefiLlama data, since its launch, Robinhood Chain has attracted over $290 million in stablecoins, with a TVL of $134 million, an active market value of RWA at $12 million, and a cumulative DEX trading volume of $4 billion.

According to token unlocking data from the crypto asset data platform RootData, Kaito (KAITO) will unlock approximately 12.11 million tokens at 12:00 PM Beijing time on July 20, worth about 8.1 million USD.

According to token unlock data from the Crypto asset data platform RootData, LayerZero (ZRO) will unlock approximately 25.71 million tokens at 11:00 AM Beijing time on July 20, worth about 22.05 million USD.

According to SoSoValue data, the cryptocurrency market sectors showed mixed results, with the NFT sector rising 4.50% in 24 hours, among which, Audiera (BEAT) rose 15.29%; the AI sector rose 0.84%, and Billions Network (BILL) rose 24.00%.Other notable sectors include: the CeFi sector rose 0.19%, with Cronos (CRO) rising 0.48%; the Layer1 sector rose 0.03%, with Zcash (ZEC) rising 4.02%; the DeFi sector rose 0.42%, among which DeXe (DEXE) rose 26.88%.In other sectors, the PayFi sector fell 0.59%, but eCash (XEC) rose 10.64%; the Meme sector fell 0.61%, while Pump.fun (PUMP) rose 6.57% against the trend; the Layer2 sector fell 0.94%, with Stacks (STX) falling 4.54%; the SocialFi sector fell 1.98%, with Chiliz (CHZ) falling 2.91%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiCeFi, and ssiLayer1 indices rose 1.52%, 0.57%, and 0.54% respectively.

Crypto KOL Phyrex published a system analysis of rToken issued by Reality under Bitget, believing that rToken should not be understood merely as "tokenized stocks." Its core value lies in achieving asset composability after connecting to a unified account, breaking the limitations of RWA liquidity islands.Phyrex focused on three directly implementable trading strategies: amplifying directional exposure to US stocks, Delta Neutral arbitrage, and staking lending cycles. For institutions, the core value of rToken lies in three major mechanisms: direct order connection to the US stock order book to achieve no de-pegging risk, UTA unified account joint margin to enhance asset efficiency, and weekend collateral valuation anchored to Friday's closing price to ensure controllable risk, ultimately enabling the management of Crypto, stock tokens, and derivative positions within the same account, reducing the costs of multi-platform rebalancing and fund transfers.