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Changxin Technology (688825.SH) announced that the company will conduct its initial public offering and list on the Sci-Tech Innovation Board, with an issue price of 8.66 yuan per share. Investors are requested to subscribe online and offline at this price on July 16, 2026 (T day), with no need to pay subscription funds at the time of application.Among them, the offline subscription time is from 9:30 to 15:00, and the online subscription time is from 9:30 to 11:30 and 13:00 to 15:00. The total number of initial shares issued is 66,880,886.08 shares, accounting for approximately 10.00% of the total share capital after issuance, and granting CICC an over-allotment option not exceeding 15.00% of the initial shares issued.The price corresponds to a diluted price-to-earnings ratio of 308.92 times for 2025, based on the lower of pre- and post-deduction earnings (without exercising the over-allotment option), which is higher than the industry average price-to-earnings ratio of 76.32 times and the average price-to-earnings ratio of comparable companies of 134.62 times. The total amount of funds raised is expected to be approximately 57.919 billion yuan (before the exercise of the over-allotment option), with a net amount of approximately 57.638 billion yuan after deducting issuance expenses.

According to Jinshi reports, the overall inflation in June decreased by 0.4% month-on-month. Although the data has declined, it has not kept up with current events, and energy prices are expected to become the biggest variable in the future.

Cryptoquant indicates that its 365-day PnL index signal continues to decline, showing that the current BTC cycle may not have reached its peak yet. BTC is currently trading at approximately $62,656, down about 50% from its historical high of around $126,000 in October 2025.Cryptoquant's bull-bear cycle indicator turned green on May 12, 2026, marking the first bullish signal since March 2023. Cryptoquant stated that this indicator had shown false positives in 2022, and the green signal itself does not guarantee a sustained upward trend. A major whale bought BTC worth $98,900,000 at the low of $59,734 on June 5 and made a profit of $3,500,000 within two days after the market rebound. BTC has since maintained above $60,000, trading at approximately $62,550 at the time of writing.

According to Gate market data, CleanSpark's stock price rose 14% in pre-market trading, as the company signed a 20-year lease agreement with a global technology company in Georgia.

According to Jinshi reports, analyst Eamonn Sheridan expects the U.S. Consumer Price Index for June to decrease by 0.2% month-on-month, marking the first recorded decline since the pandemic, primarily driven by a 15% drop in gasoline prices from mid-May to the end of June.The annualized inflation rate is expected to slow from 4.2% in May to 3.8%. Core CPI is expected to rise by 0.2% month-on-month, with the annualized core inflation rate expected to slightly decrease to 2.8%. The annualized growth rate of service inflation is 3.4%, higher than 2.9% in January.

According to TenArmorAlert monitoring, the BSC chain contract VECAndETH suffered a suspicious price manipulation attack, resulting in a loss of approximately $109,600.

According to CoinDesk, Franklin Crypto Chief Investment Officer Seth Ginns stated that although digital asset prices have not reflected the strongest fundamentals in the industry for years, institutional adoption of crypto is accelerating. Ginns pointed out that the momentum of the integration between traditional finance and crypto is strong, and believes that under current market conditions, liquidity crypto investments are becoming increasingly attractive.He mentioned that Robinhood's blockchain initiative is an example of the shift from traditional financial distribution to crypto infrastructure, with the tokenization of money market funds, tokenized stocks, and stablecoin adoption driving the integration of traditional finance and blockchain technology. Ginns expects that the Senate vote on the Clarity Act will provide institutions with more regulatory certainty and is optimistic about Hyperliquid's revenue-driven token buyback model. He also believes that DeFi protocols such as Uniswap, Aave, and Chainlink can benefit from improved token value capture mechanisms.

According to monitoring by Catcher Predict, in the market prediction event "Bitcoin July Price Prediction" on Polymarket, the probability of the "Yes" option in the sub-market "62,500 USD" has experienced significant fluctuations, soaring from 60.5% an hour ago to the current 90.5% (a fluctuation of 30%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the event "WTI Crude Oil July 2026 Price Prediction" on the prediction market Polymarket, the "Yes" option in the sub-market "↑ $80" has experienced a dramatic fluctuation in winning probability, soaring from 52.5% an hour ago to the current 70.5% (a fluctuation of 18%). Please note the impact of related breaking news.

Recently, international crude oil prices have continued to rise, and trading activity in the energy market remains active. According to market data from the Gate platform, WTI crude oil (CLUSDT) reached a 24-hour high of $74.53, currently reported at $74.26, with a 24-hour increase of 0.97%; Brent crude oil (BZUSDT) reached a 24-hour high of $79.19, currently reported at $78.94, with a 24-hour increase of 1.14%. CoinGlass data shows that the 24-hour trading volume of Gate CLUSDT contracts reached $6.1124 million, with an open interest of approximately $8.6676 million; the open interest of Gate BZUSDT contracts is approximately $3.0748 million, both ranking among the industry leaders.

According to Bloomberg, the stock price of American Bitcoin, co-founded by Eric Trump, has fallen over 95% from its peak, with the market value of his approximately 6% stake shrinking by more than $600 million over the past 10 months.The company implemented a 1-for-15 reverse stock split this week to maintain its Nasdaq listing qualification, with the stock price hitting a record low on Wednesday. American Bitcoin continues to adhere to its Bitcoin mining and accumulation strategy, adding another 500 BTC on Monday, bringing its holdings to over 8,000 BTC; in the first quarter, it recorded an impairment of $117.2 million on its Bitcoin reserves, resulting in an operating loss of $118.2 million.

On-chain detective ZachXBT updated on X that an entity initially funded by the LAB team deposited 18.4 million LAB into Aster, approximately 18.3 million USD, and sold it on the DEX spot market, causing the LAB price to drop again by 54%, from 1.2 USD to 0.55 USD.ZachXBT stated that this entity transferred LAB to 3 Aster deposit addresses between July 10 and 11, and currently holds about 81.5 million LAB. He added that the entity received over 196 million LAB from the LAB team in April 2026, subsequently transferred to a Bitget address, and withdrew from Bitget to 10 addresses between May 11 and 12.ZachXBT has previously questioned the existence of market manipulation and insider supply issues with LAB, claiming that one of the multi-signers from the LAB team had financial ties to addresses related to RIVER manipulation, and pointed out that nearly 226 million LAB was deposited into Bitget between March and April.

According to Jinshi reports, on Friday evening (July 10) Eastern Time, SK Hynix CEO Kwak Noh-jung predicted that 2027 will be the year with the tightest supply in the history of the storage industry."Now customers are coming to SK Hynix seeking long-term supply agreements. Demand continues to grow, while our production capacity is limited. Although we are doing our utmost to expand capacity, even after 2030, customer demand may still exceed the company's supply capability," he said.However, domestic investment professionals who have had contact with South Korean storage manufacturers indicated that, in addition to their own development, executives from overseas storage giants are also paying attention to the expansion progress of Chinese storage manufacturers. The domestic "two storage" (Changxin Storage and Yangtze Memory Technologies) may become the biggest variable in the future storage market.

According to on-chain analyst Yu Jin's monitoring, the "LAB Whale" continued to transfer 10.5 million $LAB (9.15 million USD) to Aster last night, causing LAB to drop 37% to $0.56 in the past 11 hours.In two days, 18.5 million LAB (18.69 million USD) has halved the price, dropping from $1.20 to $0.56 (-53%). Previously, after the "LAB Whale" transferred 8 million LAB (9.54 million USD) to Aster, the LAB price fell from $1.20 to $0.89, a decrease of 26%.

According to on-chain analyst @ai_9684xtpa, a suspected LAB insider address transferred 7.99 million tokens to three new addresses on the Aster platform 11 hours ago. Just an hour and a half after the transfer, the LAB price plummeted from $1.21 to $0.8152, a drop of 34%.Previously, this address had transferred the same batch of tokens to three new addresses three hours ago, valued at approximately $9.24 million at that time, while three days ago this batch of tokens was worth as much as $141 million.Since July 6, LAB has crashed from $17.68 to $1.05, a cumulative drop of 94% over three days, with the coin price falling back to levels seen before the suspected manipulation started two months ago, leading the market to suspect that the speculators have entered a direct selling phase.

According to Jinshi reports, Bank of America Securities analysts stated in a report that the overall CPI in the United States may decrease by 0.09% month-on-month in June, partly due to a significant drop in gasoline prices. However, the core inflation rate is expected to remain high at 0.28% month-on-month or 2.9% year-on-year, partly because demand related to the World Cup is pushing up inflation in the service sector.Based on this forecast, analysts expect core PCE to be slightly stronger than CPI again.

According to Jinshi reports, SK Hynix's American Depositary Receipts indicate an opening price of $180, with an issue price of $149.

According to The Block, Standard Chartered stated that it maintains its price prediction of Bitcoin reaching $100,000 by the end of 2026. The recent market decline triggered by movements related to Strategy (formerly MicroStrategy) is not due to a deterioration of the company's balance sheet, but rather a failure of the strategic adjustments to be fully understood by the market.Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, pointed out in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the narrative of the company "never selling Bitcoin," but now Strategy seems to be shifting towards a more complex capital operation model. Whether this change can be clearly communicated will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, accounting for over 4% of the total supply of 21 million Bitcoins. Between 2020 and mid-2025, Strategy's mNAV (market value/Bitcoin asset value) has remained above 1, allowing the company to finance Bitcoin purchases through stock issuance and achieve shareholder value growth.The commitment to "never sell Bitcoin" is the core of this model gaining market recognition. However, as the current mNAV approaches 1, the leverage effect of this financing model is weakening. Kendrick believes that Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool," meaning it holds Bitcoin as the credit basis for its perpetual preferred stock STRC.STRC currently has a scale of about $10 billion, making it the largest financial instrument launched by Strategy, with an annualized dividend yield of 12%, paid in cash every half month, and its price maintained around the $100 par value through an interest rate adjustment mechanism. Standard Chartered stated that STRC is currently trading at about $90, while Strategy has a dollar reserve of about $2.55 billion for paying dividends, which can cover approximately 17.4 months of dividend expenses.Kendrick stated that the policy adjustment allowing the sale of Bitcoin does not necessarily mean the company will continue to sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He likened this mechanism to a central bank's commitment to "take action no matter what": restoring market confidence alone may mean that actual intervention might not occur at all.

According to on-chain analyst Yu Jin's monitoring, half an hour ago, the whale AllegraSeam transferred 20.32 million USDC to Hyperliquid and opened a long position worth 22.8 million dollars in SKHX at a price of 1480 dollars.The day before yesterday, another whale opened a long position worth 30 million dollars in SKHX at a price of 1411 dollars. SK Hynix's US stock ADR is priced at 149 dollars, corresponding to a Korean stock price of 1490 dollars, and the current price is near that range.