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According to on-chain analyst Yu Jin (@EmberCN), half an hour ago a giant whale bought 18,030 ETH on-chain for 35.85 million DAI, at an average price of about 1,988 USD.

The domestic DRAM leader Changxin Technology (688825.SH) today listed on the Sci-Tech Innovation Board for the first time, opening at 49.5 yuan, a 471.59% increase from the issue price of 8.66 yuan, with a market value reaching 3.3 trillion yuan, ranking first in A-shares. This IPO raised approximately 57.9 billion yuan (before the full exercise of the over-allotment option), making it the largest IPO on the Sci-Tech Innovation Board to date. Based on the opening price, investors who subscribed earned 20,000 yuan.Nomura Securities simultaneously initiated coverage on Changxin Technology, giving a target price of 116 yuan, based on an expected earnings per share of 5.8 yuan in 2028 and a target price-to-earnings ratio of 20 times, implying an approximate 13.4 times increase from the issue price, with an implied market value of about 7.76 trillion yuan. Nomura believes this valuation is about twice that of Micron, primarily based on expectations of market share growth for Changxin Memory and the valuation premium in the Chinese market.

Market data shows that Changxin Technology's Hyperliquid contract price briefly surged, breaking through 7 dollars, currently reported at 7.16 dollars.

According to market information, Changxin Technology's auction price is temporarily reported at 49.5 yuan, corresponding to an issuance price of 8.66 yuan per share, with an increase of 471.59%.

According to monitoring by Lookonchain, due to the sudden surge in CXMT prices, trader 0x517b's short position of 272,505 CXMT (1.8 million USD) was completely liquidated, resulting in a loss of 249,000 USD.

Citrini analyst Jukan published a response to the recent market rumors regarding bearish notes on NAND and negative news about QLC price negotiations. It is not surprising that SanDisk accepted a price lower than the initial offer when signing a long-term agreement with Meta, as SanDisk is one of the most proactive NAND manufacturers in pursuing LTAs, planning to allocate over 50% of its total shipments to such agreements. Based on this strategy, it is naturally willing to accept LTA prices lower than the current quarterly contract price, and it cannot be inferred that "SanDisk cannot seamlessly resell all orders to higher-bidding North American customers."In response to rumors that Chinese module manufacturers were rejected by domestic CSPs when promoting eSSD, Jukan explained that Chinese CSPs have direct procurement channels with Yangtze Memory Technologies and that the issue is not a lack of demand. Regarding the claim that large-scale cloud providers are driving down prices for QLC eSSD, leading to some volumes not being sold, he believes that new cloud providers have sufficient demand to absorb these volumes.Jukan concluded by stating that negative headlines are more easily amplified when storage stocks perform poorly, but the fundamentals have not shown substantial deterioration. He reiterated that he remains bullish on storage. Previously, Jukan had stated that DRAM contract prices still have about a 40% upside potential until the end of 2027, and HBM supply continues to be tight. This clarification on the NAND side further solidifies his bullish stance on the entire storage sector.

According to monitoring by Catcher Predict, in the "Bitcoin July Price Prediction" event on the Polymarket, the "Yes" option in the sub-market "Below $62,500" has experienced a dramatic fluctuation in winning probability, soaring from 42.45% an hour ago to the current 59.95% (a fluctuation of 17.5%). Please note the impact of related breaking news.

Recently, the silver market has experienced increased volatility, with prices undergoing a pullback adjustment. According to market data from the Gate platform, silver (XAG) reached a high of $60 in the past 24 hours and is currently reported at $57.37, with a 24-hour decline of 4.29%. According to CoinGlass data, the open interest for Gate XAG contracts has reached $60.6241 million, firmly ranking among the top two in the industry.

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 "Below $90" experienced a dramatic fluctuation in winning probability, soaring from 78% an hour ago to the current 94% (a fluctuation of 16%). Please note the impact of related breaking news.

According to Jinshi reports, EU diplomats stated that representatives from the EU agreed to freeze the oil price cap for 12 months in the 21st round of sanctions against Russia.

According to Jinshi reports, Helaba analysts stated that the escalating situation in the Arabian Gulf region and rising energy prices have raised concerns among central bank officials. The European Central Bank will announce its monetary policy decision later today, and analysts pointed out that there are currently no clear signs indicating that the European Central Bank is about to raise interest rates. The money market expects the European Central Bank to raise interest rates by 21 basis points in September, and it is anticipated that the wording of the statement will not undergo significant changes.

According to Reuters, citing informed sources, due to the surge in demand for AI data centers leading to a tight supply of server CPUs, Intel and AMD are negotiating long-term procurement commitments with Chinese server customers. Agreements typically lock in a year's supply, with some discussions extending to two years or longer. Driven by the construction of AI computing power, CPU demand has expanded from AI accelerators to mainstream processors, with some server CPU products in the Chinese market experiencing a cumulative price increase of over 40% this year, with month-on-month increases exceeding 10% at times.Intel CEO Lip-Bu Tan stated in April that Xeon server CPU demand "continues to exceed supply," and the company has signed multiple long-term contracts in the first quarter, including a multi-year agreement with Google. AMD has raised its forecast for the server CPU market to exceed $120 billion by 2030. The report notes that China, as one of the largest server markets in the world, is intensifying competition for Intel and AMD processors due to the rapid construction of data centers and AI computing clusters, even as Chinese buyers face U.S. export restrictions on advanced AI GPUs. Intel is set to announce its quarterly results on Thursday, with the CPU shortage expected to become a market focus.

As the trading heat of the gold market continues to rise, the activity in the related derivatives market has further increased. According to CoinGlass data, the total open interest for gold (XAU) contracts across the network reached 880 million USD, with the Gate platform's open interest at approximately 238 million USD, ranking second among global exchanges. Meanwhile, the total open interest for Tether Gold (XAUT) contracts across the network reached 528 million USD, with the Gate platform's open interest at approximately 118 million USD, ranking third among global exchanges.

According to The Block, Benchmark Equity Research raised Hut 8's target price from $165 to $195 on Wednesday. This is the second time this month that the agency has raised Hut 8's target price, mainly due to the full commercialization of its Beacon Point AI data center campus located in Texas.Hut 8 previously announced that it had signed a second 15-year lease agreement with existing tenants, with a total value of $9.8 billion, increasing the contracted capacity of the Beacon Point campus to 704 MW and raising the total contract value of this 1 GW campus to $19.6 billion. Benchmark stated that the latest target price still has about 75% upside potential compared to Hut 8's stock price of approximately $111 at that time.In addition, Benchmark's valuation of Hut 8 also includes its holding of 10,278 bitcoins, valued at nearly $680 million at current prices, as well as its 60% stake in American Bitcoin Company.

According to monitoring by Catcher Predict, in the event "WTI Crude Oil July 2026 Price Prediction" on the prediction market Polymarket, the "Yes" option for the sub-market "Falls Below $85" has experienced severe fluctuations in winning probability, dropping from 82.5% an hour ago to the current 49.5% (a fluctuation of 33%). Please note the impact of related breaking news.