1. Popular tokens on CEX
Top 10 trading volumes on CEX and 24-hour price changes:
- BTC: + 1.42%
- ETH: + 2.09%
- AERO: -1.02%
- BANK: - 44.01%
- SOL: + 0.83%
- XRP: + 2.20%
- SNDKB: - 13.01%
- DEXE: - 4.33%
- ZEC: - 1.71%
- BNB: + 1.06%
24-hour price increase ranking (data source: OKX):
- ZIL: +17.58%
- CSPR: +14.04%
- FLOW: +9.37%
- ADA: +7.9%
- CARDS: + 7.79%
- OL: + 6.45%
- MENGO: + 6.39%
- PROS: + 6.25%
- JUP: +6.1%
- WET: + 6.09%
24-hour cryptocurrency stock price increase ranking (data source: msx.com):
- SKDD: 14.62%
- MPU: 13.28%
- SOXS: 12.32%
- CLS: 9.99%
- SKHZ: 9.22%
- TER: 7.99%
- AMC: 6.37%
- MIAX: 5.8%
- FIG: 5.49%
- CCXI: 5.47%
2. Trending on-chain Memes (data source: GMGN):
- Solana: FRANK, BNUT
- BSC: MarsCoin, CoinYou
- Robinhood: PIPEDOG, CASHCAT
Headlines
SK Hynix's Q2 operating profit is 60.5 trillion won, revenue falls short of expectations
Odaily Planet Daily reports that SK Hynix announced its second-quarter results, with an operating profit of 60.5 trillion won, below the market expectation of 64 trillion won; revenue was 79 trillion won, below the market forecast of 84 trillion won.
The company stated that the average selling price of DRAM in the second quarter rose by about 30% compared to the first quarter and expects DRAM shipments to increase by about 10% sequentially in the third quarter while expanding HBM4 supply in the second half of the year.
SK Hynix estimates that DRAM market demand will grow by 20%-30% year-on-year in 2026 and NAND market demand will increase by 10%-20%, while planning to increase capital expenditure in 2026 to the high end of 40 trillion won.
Musk's wealth nearly halved but still exceeds 700 billion
According to Odaily Planet Daily, since SpaceX's stock price peaked in June, Musk has lost about 650 billion dollars in wealth, while Tesla and SpaceX stocks continue to decline. However, even after this drop, Musk's net worth still exceeds 700 billion dollars. Investors remain concerned about whether AI-driven growth can sustain the high valuation.
trade.xyz will fully compensate for liquidation losses due to abnormal SK Hynix pricing
Odaily Planet Daily reports that trade.xyz stated on the X platform that on July 27 at 23:01 UTC, the marked price for SK Hynix dropped from 1127.9 dollars to 917.25 dollars. This price was based on an executed transaction and was relayed by multiple independent data providers. The XYZ oracle is operational in external pricing and tracks this platform as a major pre-trade venue in Korea, with the oracle system functioning according to its specifications. Trade.xyz stated that although the system operates as designed, users are dissatisfied with the liquidation triggered by this. Trade[XYZ] has decided to compensate for the liquidation losses attributed to this anomaly, with eligibility requirements to be announced soon, and distribution is expected to be completed in the coming days. This decision is a discretionary one-time decision and does not guarantee similar actions in the future. Trade.xyz also indicated that it will further improve its pricing system to handle tail events and expedite the review process of how prices are formed, including reassessing assumptions related to external trading venues and considering price formation in its own order book.
The US Senate plans to push for procedural voting on the Clarity Act before the August recess
Odaily Planet Daily reports that US Senate Republicans hope to advance the Clarity Act to procedural voting before the August recess, but face obstacles including a tight legislative schedule, the wavering of some Republican lawmakers, and Democrats' concerns over cryptocurrency gains benefiting the Trump family. The fate of the bill depends on the votes of moderate Democrats, but progressive Senator Elizabeth Warren has warned that supporting the bill would compromise on special interests and could benefit the Trump family. The core dispute remains over ethical clauses, with Democrats demanding limits on Trump profiting from cryptocurrency businesses, Arizona Senator Ruben Gallego is working with North Carolina Republican Senator Thom Tillis to draft a counter-proposal that aims to include joint enforcement mechanisms with state Attorneys General and the Department of Justice.
Industry News
Correlation between US tech stocks and the Korean stock market rises to the highest level since 2021
Odaily Planet Daily reports that according to data provided by the asset management company Rayliant, the 60-day correlation between the Korean composite KOSPI and the Nasdaq 100 index has recently climbed to around 0.50, the highest level since 2021. Market participants warn that this tighter relationship also brings risks, as the rise in correlation erodes the diversification and risk-hedging benefits that investors traditionally seek through holding US and Korean stocks.
Korean housing mortgage rates rise to the highest level in over two and a half years
Odaily Planet Daily reports that according to data released by the Bank of Korea on Tuesday, due to rising market interest rates, banks' household housing mortgage rates increased for the second consecutive month, reaching the highest level in two years and seven months. Data shows that the average interest rate on new loans from Korean banks last month was 4.31%, up 0.12 percentage points from the previous month. The average interest rate on corporate loans rose by 0.14 percentage points to 4.27%, while the rate for new household loans increased by 0.04 percentage points to 4.5%. In June, the average rate for household housing mortgages rose by 0.04 percentage points to 4.36%, marking the highest level since November 2023. The average interest rate for non-mortgage household loans is 5.72%, an increase of 0.23 percentage points from the previous month. The Bank of Korea stated that retail loan rates have been continuously rising due to rising market interest rates in recent months. Earlier this month, the Bank of Korea conducted its first rate hike in three and a half years.
Three Korean AI chip unicorns adjust IPO plans, with a total valuation of about 9.25 trillion won
Odaily Planet Daily reports that Korean AI chip companies Rebellions, FuriosaAI, and DeepX have adjusted their IPO-related plans. Rebellions has pushed the listing time on the Korean composite stock price index to the first half of next year, FuriosaAI plans to advance towards the second half of 2028, while DeepX targets 2027 to 2028.
The three companies are each promoting Pre-IPO and Series D financing. By valuation, Rebellions is valued at 3.4 trillion won, FuriosaAI approximately 3 trillion won, and DeepX around 2.85 trillion won.
The three companies reported revenues of approximately 32 billion won, 5.7 billion won, and 3.3 billion won respectively last year. Relevant mass production and customer orders include next-generation chips such as Rebellions' Rebel 100 and Renegade.
SK Hynix: No signs of slowdown in AI investment, will consolidate leadership in the HBM field
Odaily Planet Daily reports that SK Hynix stated in an analyst conference call that there are currently no signs of a slowdown in AI investment, and AI infrastructure investment is expected to remain robust after 2027.
The company stated that long-term supply agreements would not result in oversupply, as such agreements are usually for five years, with terms varying by customer. SK Hynix stated that it would further consolidate its leadership in the HBM field through long-term agreements.
SK Hynix expects that the growth of bit shipments in the second half of the year will be higher than that in the first half, and the product sales structure has affected the average selling price in the second quarter. The company is currently on track to begin mass production of HBM4E from 2027.
Apple becomes the second company with a market value surpassing 5 trillion dollars
Odaily Planet Daily reports that Apple (AAPL.O) has become the second company in history to reach a market value of 5 trillion dollars. On Tuesday, Apple's stock rose 1.8% to reach 342.89 dollars, breaking the 5 trillion dollar mark. The stock price later retreated. If its closing price exceeds 340.43 dollars, it will surpass this threshold.
Previously, Nvidia (NVDA.O) reached a record market value of 5.7 trillion dollars at the close on May 14, but has since lost about 1 trillion dollars in market value. Apple (AAPL.O) is currently the largest company by market capitalization in the S&P 500 index. (Jin Shi)
Amazon adjusts AI strategy, will gradually discontinue most of its flagship models
Odaily Planet Daily reports that insiders revealed Amazon (AMZN.O) is overhauling its AI strategy, gradually phasing out many internal models, restructuring teams, and focusing engineers on a new strategy to compete in frontier areas. This restructuring indicates that Amazon is refocusing its AI strategy. The company is no longer dispersing resources by investing in various text, image, and video models but is consolidating engineering talent and limited computing resources to concentrate on its highest priority projects.
According to insiders, Amazon is gradually stopping most of its flagship models, including high-end Premier and Omni models, Reel video generation models, and Canvas image generation models. Some employees described these models as currently in a "KTLO (Keeping the Lights On)" state. According to insiders, resources are gradually shifting from the existing Nova model to a new frontier model project led by researcher Peter Abel, referred internally as "Frontier Model Research" (FMR), which has become a top priority for the company this year. Under this task, Amazon is developing a brand new flagship foundational model, expected to be launched at this year's re:Invent annual conference in the fall. (Business Insider)
Odaily Planet Daily reports that as investors seek safe havens and become less optimistic about high-risk tech firms, SpaceX (SPCX.O) shares have dropped 20% from the IPO price, with Space dropping over 5% during Tuesday's early trading, trading at around 107 dollars, continuing the significant decline from its highs a few days after the IPO last month, with its market value evaporating by 1.2 trillion dollars from the peak on June 16, marking one of the largest market capitalization evictions in history.
Recently, the complex geopolitical situation and concerns about supply-demand and valuation inflation driven by massive spending in the AI ecosystem have severely impacted many large firms in the industry. SpaceX investors are also watching for the potential impact of the expiration of the lock-up period for 9.115 billion shares valued at 116 billion dollars on August 6th. (Jin Shi)
Coinbase CEO urges the US Senate to advance voting on the CLARITY Act
Odaily Planet Daily reports that Coinbase CEO Brian Armstrong posted on the X platform on July 27, urging the US Senate to advance voting on the CLARITY Act, noting that the bill has been formed through bipartisan negotiations over many years. Armstrong stated that the CLARITY Act will strengthen enforcement powers, introduce new consumer protections, and provide a federal regulatory framework for the digital asset industry. He noted that there is currently no federal law in the US to protect consumers or support the industry's development in the US. US Senate Republicans released an updated version of the CLARITY Act text on July 22, which includes disclosure standards, registration requirements, anti-fraud provisions, and expanded anti-money laundering obligations for digital asset market participants. BlackRock, Fidelity Investments, Charles Schwab, and Goldman Sachs CEO David Solomon have supported the bill.
Project News
Solana plans to increase the mainnet block computing limit by 66% to 100 million CU
Odaily Planet Daily reports that SolanaFloor announced on the X platform that Solana plans to increase the mainnet block computing limit from 60 million CU to 100 million CU in less than 24 hours, an increase of about 66%. The relevant upgrade SIMD-0286 is expected to be activated at the beginning of Epoch 1009.
Odaily Planet Daily reports that Hyperliquid co-founder iliensinc responded to the abnormal Hynix pricing incident on Trade.xyz this morning, stating that Hyperliquid is a permissionless blockchain, where different teams can deploy and operate markets based on its infrastructure, and the xyz:SKHYNIX perpetual contract is deployed and operated by the XYZ team. The XYZ team is currently investigating the relevant situation and will provide an update after drawing conclusions.
It also explained that the HIP-3 market deployers are responsible for providing data such as marked prices, oracles, and external perpetual contract prices. For instance, using the pricing mechanism similar to BTC perpetual contracts, the protocol provides the median of the most recent on-chain transaction price, best buy price, and best sell price as one of three price components, with the other two prices provided by the deployer, all three jointly affecting the final marked price.
Odaily Planet Daily reports that Lighter founder Vladimir Novakovski published an article on X this morning with the title "Equity and Tokens".
Novakovski clarified in the article that all economic value generated by Lighter will belong to token holders.
The original intention of Lighter has always been to guide projects with venture capital until the moment of token issuance. Lighter is an American company and has only one entity — the entity that issued equity in the years before the TGE and the entity that issued tokens at the TGE are the same. Besides converting to a token equity structure at TGE, the equity cap table no longer serves any other function in the future.
More specifically, Lighter completed its last round of equity financing a few months before TGE, which was about five times oversubscribed, attracting over 300 million in funding intentions from a quota of 68 million dollars. At that time, all equity stakeholders (including early investors and former employees) were informed of future plans — their equity value would only be reflected as shares on the token equity structure table — and were given the opportunity to sell their equity shares. Anyone who disagreed with the concept of "all value belongs to tokens" could easily exit at a higher valuation. Ultimately, less than 1% of equity holders chose to sell their shares, while all others chose to stay, supporting Lighter's commitment to "value accumulating to tokens".
1inch launches shared liquidity protocol Aqua, assets can be kept in user wallets
Odaily Planet Daily reports that decentralized trading aggregator 1inch has launched the shared liquidity protocol Aqua. Aqua allows users to support multiple liquidity positions simultaneously without having to deposit assets into liquidity pools; assets always remain in the user's wallet, and only when a trade is completed will the protocol call the corresponding tokens from the wallet to settle via a single atomic transaction, returning the received tokens and fees to the wallet.
Across Protocol attacker marks address returned 331.8 ETH
Odaily Planet Daily reports that according to PeckShield Alert monitoring, the Across Protocol attacker marked address returned 331.8 ETH to Across Protocol Hub Pool Owner multi-signature, worth approximately 623,900 dollars. The Across Protocol had previously been attacked on Solana, leading to a loss of approximately 3.6 million dollars in cryptocurrency assets.
Investment and Financing
Psalion launches a 50 million dollar fund for early blockchain startups
Odaily Planet Daily reports that Singapore-based asset management company Psalion announced the launch of a 50 million dollar fund aimed at early-stage blockchain startups. Psalion stated it will support Pre-seed and Seed stage companies in infrastructure, real-world assets, stablecoins, DeFi, and trade finance. (The Block)
Axis Robotics completes 12 million dollars seed round financing, Hack VC leads the round
Odaily Planet Daily reports that Axis Robotics announced the completion of 12 million dollars in seed round financing, with Hack VC leading the round and participation from Nomad Capital, Pi Core Team Ventures, 10K Ventures, and several angel investors.
According to the introduction, Axis Robotics mainly addresses the data needs of Physical AI and robotics models by creating a closed-loop data workflow through large-scale simulations, real-world data collection from a first-person perspective, and human-in-the-loop retraining. This round of funding will be used to accelerate the construction of a large-scale, human-in-the-loop global data engine.
Birdai Labs completes 4 million dollars seed round financing, Castle Island Ventures leads
Odaily Planet Daily reports that Birdai Labs announced the completion of 4 million dollars in seed round financing, led by Castle Island Ventures, with participation from Metalayer Ventures and The Venture Dept. The project's main business is to provide measurements, validation, and optimization infrastructure for transaction execution quality for high-performance public chains, reduce value loss due to sorting and propagation between orders and transactions, and return more value to traders and market makers.
Beezie completes 4 million dollars financing, Psalion participates
Odaily Planet Daily reports that Beezie announced the completion of 4 million dollars in financing, with Psalion participating through its early fund Psalion VC Fund III. The project mainly generates on-chain digital twins for physical goods, enabling programmability, tradability, and cross-scenario combination capabilities, and transforming physical asset trading into interactive consumption experiences through gamification. The new funds will be used for global market expansion.
Regulatory Policies
Odaily Planet Daily reports that Kim Yong-Ban, director of the policy office in the Korean presidential office, stated that in light of the significant fluctuations in the Korean stock market recently, he has requested the Financial Services Commission and the Financial Supervisory Service to investigate the structural factors causing the Korean market's volatility to be higher than that of other markets.
The investigation will cover not only leveraged ETFs but also the overall market structure. Kim pointed out that the Korean stock market has its own structural problems, and the same magnitude of global market fluctuations tends to be magnified in the Korean market.
He stated that leveraged ETFs may exacerbate market volatility, but they are not the only reason; regulatory departments will also focus on the proportion of derivatives trading, investor structure, and other factors. (KBS)
Odaily Planet Daily reports that Korean financial regulators have decided that if investment in single-stock leveraged products overheats without calming down, they will introduce additional regulatory measures such as caps on personal investments. They are currently focusing on studying a plan to limit individual stock leveraged investment amounts to within 20% of the total financial investment products amount.
Journalists note that previous statistics disclosed by the South Korean authorities showed that as of July 13, the accumulated forced liquidations in July reached 344.2 billion won (about 1.57 billion RMB), with over 1.2 million leveraged retail accounts hitting the margin call line, of which about 320,000 to 360,000 accounts have been entirely liquidated by brokerage firms, with some accounts even owing money to brokerage firms. (Caixin)
Odaily Planet Daily reports that according to Yonhap News Agency, Lee Eog-weon, chairman of the Financial Services Commission of Korea, urged asset management companies on Tuesday to disperse single-stock leveraged ETF rebalancing transactions throughout the trading day to curb intense price fluctuations caused by large orders concentrated before the market close. Fund management companies usually concentrate most of their rebalancing operations between 3:20 PM and 3:30 PM local time to achieve an investment target of double the daily returns of the underlying stock. If these transactions occur before the close, it may accelerate the upward momentum and deepen the downward trend. Lee Eog-weon stated: "There are market concerns that concentrated rebalancing operations before the close will amplify market volatility. The timing of trades needs to be dispersed." He also pointed out that some products involve more than 20 liquidity providers, leading to excessive turnover, increased inter-trading, and expanded arbitrage activities.
Voices
Odaily Planet Daily reports that Anthropic CEO Dario Amodei responded to the controversy over open-weight models, stating that the company has never advocated for a complete ban on open models. Previously, companies like OpenAI, Google, and SpaceX joined an open source initiative, while Anthropic was the only major frontier model company not to sign.
Amodei acknowledged that open-weight models can reduce costs, promote competition, and support clients in self-deployment. He stated that open models without dangerous capabilities can be regarded as "public goods".
However, he argued that open models are not necessarily safer, and the defender does not always have more advantages than the attacker. Once model weights are public, safety restrictions may be removed and cannot be recovered.
Anthropic proposed three alternatives, including restricting advanced chips and manufacturing equipment from flowing to China, combating industrial-scale model distillation, and requiring all models that achieve certain capabilities to undergo tests for network attacks, biological risks, and alignment tests, regardless of whether the models are open or closed source.
Odaily Planet Daily reports that "Lei Jun's new investment in Changxin Technology yielding 700 million" has become a hot topic on Weibo. According to a previous announcement from Changxin Technology, a Wuhan company participating in Changxin Technology's strategic placement was allocated 18.2448 million shares. Based on the issue price of 8.66 yuan per share, the company's profit on the first day of listing amounted to 736 million yuan. This company is Wuhan Yibayi Enterprise Management Co., Ltd., established in 2021, located in the Wuhan East Lake High-tech Zone.
It is worth noting that Wuhan Yibayi Enterprise Management Co., Ltd. is a wholly-owned subsidiary of Xiaomi Technology. According to equity information, the chairman of Xiaomi Technology is Lei Jun, who holds 97.48% of Xiaomi Technology's shares.
Xiaomi Group Special Assistant to the Chairman and Deputy General Manager of the Strategic Marketing Department, Xu Jieyun, responded today, stating, "Friends can just have fun looking at it, not to take it seriously. This is actually a company investment behavior, and it cannot be mixed with the personal wealth of specific subsidiaries; besides, I would like to wish Changxin once again."
According to reports, semiconductor industry chain companies including Lanqi Technology, Yisiwei Materials, Tuojing Technology, Anji Technology, Tongfu Microelectronics, Zhongwei Company, Yitang Co., Ltd., and Shanghai Silicon Industry were all allocated 18.24 million shares, each receiving an allocation amount of 1.58 billion yuan. Based on the closing price on the first day of listing, each company's profit exceeded 700 million yuan. (The Paper)
Odaily Planet Daily reports that last night, Hyperliquid and Multicoin jointly announced that they will support the CFTC’s prediction market framework.
Regarding the cooperation, Kyle Samani, a former co-founder of Multicoin who has since left, wrote on X, stating: "If you are developing in the Solana ecosystem, you should understand that Multicoin will hinder everything you do."
Odaily Planet Daily reports that Vida announced on the X platform that he sold nearly 7 million dollars in put options today, most of which will be exercised in one month. He stated that the current downturn in the storage sector is close to its emotional limits, and the implied volatility of storage stocks is at a historical high percentile; AI-related demand continues to persist, and the fundamentals have not changed. Regarding selling "hard-to-execute prices" rather than prices close to the current market, Vida indicated that he prefers lower-risk and more stable returns, citing a one-month expiration MU 660 put option as an example, stating that selling 15 contracts now could yield an immediate profit of 47,000 dollars, and if MU drops below 660 and triggers delivery in a month, he will buy in at 1 million dollars.
Jiang Zhuoer: After this round ends, I will no longer short ETH, but will shift to shorting BTC
Odaily Planet Daily reports that Jiang Zhuoer stated on the X platform that after this round concludes, he will no longer short ETH but will shift to shorting BTC. His previous strategy was to stake ETH as WBETH as margin to short the perpetual contracts at equal amounts, which is equivalent to selling ETH spot without leverage or a liquidation line while not losing ETH staking interest and earning the funding rate from longs. He will subsequently use WBETH as a margin, making an equivalent short on BTC spot according to the exchange rate. He stated that BTC has broken below the ascending channel, while ETH is still at the lower edge of its ascending channel.
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