News linked to both this project and an event.
Odaily News: Nigerian President Bola Ahmed Tinubu has signed an executive order to coordinate virtual asset regulation, enhance cooperation between the country's financial, tax, and capital market institutions, and address the fragmentation of digital asset regulation. The executive order establishes a Virtual Assets Committee composed of heads from Nigeria's major financial regulatory agencies to guide relevant policies. Nigeria's tax authority will update digital asset policies and provide more details on the impact on taxpayers. Bayo Onanuga, Special Adviser to the President, stated that the executive order does not create new regulatory agencies nor transfer powers between agencies; each institution retains its statutory duties and independence, and registration requirements will be determined based on the nature of the activity and the assets involved. A June report from the International Monetary Fund (IMF) shows that since 2019, Nigeria has accounted for approximately 60% of stablecoin inflows in Sub-Saharan Africa; between July 2023 and June 2024, the country's cryptocurrency inflows reached approximately $59 billion.
Odaily "White Hair Stock God" Serenity posted on platform X, stating that due to the recent market downturn, his investment portfolio experienced a maximum drawdown of 49.4% this month. However, he still maintains his view on the long-term trend of the AI industry chain.Serenity revealed that his investment portfolio is mainly concentrated in key segments of the AI industry chain, including: semiconductor upstream, memory chips, photonics, humanoid robotics, and AI infrastructure-related companies. Because these areas typically have higher beta attributes, he previously used leveraged investments but has reduced the leverage level after the current round of market decline.Facing market skepticism towards AI-related assets, Serenity stated that recently a large number of investors have begun to believe: "AI is a bubble," "memory chips and the Korean KOSPI market are a bubble," "photonics is a bubble,""humanoid robots will not succeed," and "Neocloud (new AI cloud service providers) will eventually be replaced by hyperscale cloud vendors like Meta." Meanwhile, some retail investors and trading bots have even started advocating for "liquidating everything, the market will not recover."Serenity said he still believes these investment themes are supported by structural revenue growth and technological change. He experienced similar drawdowns in the past when global tariff risks impacted the market, and the market eventually rebounded. His investment horizon is long-term, allowing him to withstand higher volatility, and he will not change his long-term judgment based on short-term price fluctuations. Sharing this drawdown data is also to maintain transparency, allowing the market to see the real risks behind high-volatility growth investments.Serenity added: "If my prediction is that the revenue inflection point will come in the second half of 2027, and it is only 2026 now, then a decline of just a few weeks or months doesn't prove that the investment thesis has failed."
Peter Brandt, a seasoned trader and renowned chart analyst, has released his latest technical analysis. He points out that the daily chart of Nasdaq 100 mini futures is forming a diamond pattern, indicating a potential market top. Regarding Bitcoin, Brandt offers a forecast based on historical cycles: BTC may first rebound by $10,000, then retreat to the $40,000 range, forming the bottom of the current cycle around early October 2026. With the current price fluctuating near $60,000, he warns of the downside risk associated with false breakouts. Maintaining a long-term optimistic view, Brandt suggests that if Bitcoin continues its four-year halving cycle pattern, the price could reach between $300,000 and $500,000 by 2029.
Odaily News Renowned trader Ansem posted on X, stating that buybacks (for token prices) actually don’t have much effect.Ansem further noted that Hyperliquid's annualized revenue is $800 million, while Pump.fun's annualized revenue is $440 million; however, HYPE's FDV is as high as $65 billion, whereas PUMP's FDV is only $1.4 billion. Both teams regularly use a portion of their business profits for buybacks, yet their P/S ratios are vastly different.This disparity doesn't stem from how much revenue the businesses actually generate, but rather reflects the market's "trust premium" for the teams — a trust determined by their actions and decisions in the market. Hyperliquid never over-promises, focuses purely on product delivery, and generously rewards core users who contribute the most to the platform based on established metrics. In contrast, Pump.fun generated $1 billion in revenue, raised another $1 billion in an ICO, and promised users an airdrop, but has yet to deliver. Despite being one of the most successful and profitable businesses in the crypto industry, they lack a social consensus bond with their core user base and thus cannot achieve the trust premium that Hyperliquid enjoys.Therefore, what determines a business's valuation includes not only the "tangible value" derived purely from revenue and other metrics but also "intangible value." Trust, memetics, and attention are all crucial in the market, yet they are currently discussed far too little.
South Korea's stock market experienced a rapid rebound after a "Black Monday," but individual investors who had aggressively bought the dip in semiconductor leaders found themselves in a "buy the dip, sell the rebound" situation. According to data from the Korea Exchange, Korean retail investors collectively purchased approximately 3.89 trillion won worth of Samsung Electronics and SK Hynix. This included a net buy of 1.10 trillion won in Samsung Electronics and 2.79 trillion won in SK Hynix. On that day, the two companies' stocks plunged by 10.7% and 15.37%, respectively, with retail investors absorbing the shares sold by foreign and institutional investors. However, as semiconductor stocks rebounded, retail investors quickly turned into sellers. Over the two days of the 14th and 15th, individual investors sold a cumulative 1.45 trillion won in Samsung Electronics and 3.70 trillion won in SK Hynix, bringing the total net sell-off of the two stocks to 5.15 trillion won.Data shows that the estimated average purchase price for Samsung Electronics by retail investors on the 13th was around 261,700 won, while the average selling price over the following two days was about 259,400 won. For SK Hynix, the average purchase price was approximately 1,938,500 won, and the average selling price was around 1,849,300 won. Calculated based on the positions bought on the 13th, retail investors suffered a total loss of about 138.2 billion won. Meanwhile, Samsung Electronics rose by approximately 9.8% cumulatively over the 14th and 15th, while SK Hynix gained about 12.8% over the same period. However, as a large portion of the dip-buying funds were sold off early in the rebound on the 14th, they failed to fully capitalize on the subsequent rally. (Etoday)
as of July 7-8, 2026, the Coinbase Bitcoin Premium Index has been negative for 50 consecutive days, marking the longest negative period on record for the indicator. The latest reading is approximately -0.0742%, indicating that Bitcoin is priced lower on the US-based exchange Coinbase than on Binance. This indicator compares Bitcoin prices on Coinbase and Binance. A negative reading typically corresponds to weaker US buyer demand compared to broader international market demand; this negative cycle began on May 19, 2026, and has already surpassed the previous record of 40 consecutive days of negative readings. As of early July 2026, US spot Bitcoin ETFs have seen net outflows of approximately $6 billion year-to-date. In late June, US spot Bitcoin ETFs saw outflows exceeding $2.6 billion over nine trading days, following which Bitcoin and Ethereum ETFs recorded a combined inflow of $282 million.
According to on-chain analyst Ai Yi’s monitoring, a significant price gap has emerged between SK hynix’s domestic Korean stock and its U.S. ADR. SKHX is priced at approximately $1,303.85, while SKHY stands at around $170.61, with the price difference reaching up to about 30.9%. This reflects strong demand from U.S. capital markets for leading AI chip and HBM (High Bandwidth Memory) assets. Analysis suggests that the conversion between the two is unidirectional—ADR shares can only be canceled and exchanged for ordinary Korean shares, and no one would do so when a premium exists. This explains why the price gap persists and cannot be arbitraged away.
, according to official sources, MGBX will list the spot trading pairs SKHYB (SK Hynix) and ANSEM (The Black Bull) at 18:00 (SGT) on July 14, 2026.Deposit Opening Time: 16:00 (SGT) on July 14, 2026Trading Opening Time: 18:00 (SGT) on July 14, 2026Withdrawal Opening Time: 19:00 (SGT) on July 15, 2026SKHYB: SKHYB is a tokenized bStock representing SK Hynix, one of the world's leading semiconductor companies, primarily producing DRAM and NAND flash memory chips used in servers, smartphones, personal computers, and AI-related devices.ANSEM: $ANSEM (The Black Bull) is a community-driven meme coin based on the Solana blockchain.
Odaily Odaily Odaily News According to monitoring by on-chain analyst Ember, the ETH/BTC exchange rate has recently risen from 0.02524 to 0.02855. A whale specializing in ETH/BTC exchange rate trading exchanged 13,708 ETH for 393.4 BTC (worth $25 million) half an hour ago, shorting the ETH/BTC exchange rate at a transaction rate of 0.02855. This whale is a coin-based trader; if the exchange rate drops, they can swap back for more ETH. Over the past six months, through multiple exchange rate trades, they have increased their ETH holdings by 6,475 coins, worth $11.78 million.
Gate issued an announcement regarding the recent "user asset theft incident," sharing internal comprehensive verification results, analysis of the incident's cause, and progress on subsequent handling. Regarding the verification process and key facts, the announcement stated that after comprehensive verification, materials submitted by the applicant at the time, including account information, real-name information, transaction records, Alipay screen recordings, etc., matched the account completely. According to analysis by the technical team, Alipay screen recordings can only be made by the customer themselves or someone with access to the customer's Alipay account. Alipay possesses an extremely strict real-time risk control system; logging into Alipay on a different device will mandate multi-factor authentication. This indicates a situation involving serious leakage of customer information or device compromise. Regarding the Gate platform audit mechanism, the announcement stated that the Company's security unbinding audit mechanism strictly executes the four-fold verification process of "Multi-channel advance notification + System risk control preliminary screening + Manual multi-layer review + Time protection," and never has nor will it approve any security item change application based on a single material alone. Gate always takes information security and customer data protection as the Company's core management requirements. The issue of internal information leakage mentioned by some parties does not exist. Regarding fund recovery and subsequent handling, the announcement stated that Gate processed the matter with the highest priority immediately after the incident occurred, coordinating security, compliance, legal, business, and other teams to carry out on-chain analysis and asset tracking and freezing. It continues to coordinate with third-party institutions such as Tether to advance fund freezing. Subsequently, it will also actively cooperate with judicial authorities in investigations and data collection. Any substantive progress will be communicated immediately.
as the 25-day quiet period following SpaceX's (SPCX) June IPO comes to an end, Wall Street analysts have begun releasing formal research reports. Multiple major brokerages have issued favorable ratings, indicating institutional investors remain optimistic about the company's long-term growth potential.As IPO underwriters, both Goldman Sachs and Morgan Stanley have assigned buy-equivalent ratings to SpaceX. Goldman Sachs analyst Eric Sheridan set a price target of $205, while Morgan Stanley analyst Adam Jonas gave a target of $300. Additionally, institutions such as Bank of America, Citigroup, Deutsche Bank, JPMorgan, and UBS have also initiated coverage with buy or equivalent ratings. Among them, Raymond James Financial provided the most optimistic forecast; analyst Brian Gesuale initiated coverage of SpaceX with a "Strong Buy" rating and a price target as high as $800, believing SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century."Analysis suggests that market optimism towards SpaceX is primarily based on its布局 (layout/foundation) in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a sustainable source of revenue and support future expansion of launch scale.As of March 31, 2026, SpaceX holds 18,712 Bitcoins. Wall Street believes that the concentrated coverage following the end of the IPO quiet period provides a window for institutional investors to conduct their first systematic assessment of SpaceX's valuation. The fact that nearly all major institutions simultaneously issued positive ratings is relatively rare for large-scale IPOs. (CoinDesk)
Adam, a macro researcher at Greeks.live, posted on platform X stating that, based on the distribution of open interest, the open interest across all expiries before the end of this month is very low, totaling about 15%, which is a sign of low market activity. On the other hand, GEX is concentrated in the $60,000 put options and the $63,000 call options, corresponding to the upper and lower limits of the recent two consolidation ranges respectively. This market may closely follow external markets, making the recent performance of US stocks and commodity prices more noteworthy.
According to official announcements, the on-chain burn for GateToken (GT) in the second quarter of 2026 has been officially completed. A total of 2,570,063.3829548 GT has been transferred to the burn address, with a destruction value exceeding $17.75 million.Since the launch of the Gate Chain mainnet in 2019, GT has implemented a continuous burning mechanism. To date, a cumulative total of 189,947,219 GT has been burned, with a total cumulative destruction value exceeding $1.311 billion (based on the quarterly average price). The total token supply has been significantly reduced by approximately 63.32% from the initial 300 million tokens.As the sole Gas token for the Gate Layer, GT's usage frequency continues to rise. As the underlying infrastructure, the Gate Layer provides high-performance network support for applications such as Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. Furthermore, Gate is continuously enriching its product ecosystem. Gate Stocks has established a 7×24 hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and Korean stocks, encompassing over 12,500 global stocks and ETF assets. It supports fractional share trading starting from as low as 0.01 shares and provides entitlements to stock dividends. The platform also supports cross-broker transfer of US and Hong Kong stocks, and facilitates corporate actions such as stock splits and reverse stock splits, further enhancing the stock investment service experience. Gate will persistently execute a long-term, stable GT burning mechanism to form a tighter positive cycle between the token's economic model, actual usage demand, and ecosystem expansion.
According to Red Star News, an investigation report leaked from Myanmar fraud parks shows that global telecom fraud is accelerating towards an "AI industrialization + cross-border encrypted payment" system. Fraud networks complete fund flows through cryptocurrencies and use large model-based automated tools for multi-language script generation, identity disguise, and emotional manipulation. According to investigation analysis, these systems extensively utilize OpenAI's ChatGPT and Google's Gemini at the functional level to support "scaled social fraud," while on the funding end, rapid laundering and transfer are achieved through on-chain payments and cross-border channels, forming a dual-layer structure of "AI customer acquisition + encrypted settlement," enabling the fraud industry to possess high automation and cross-national diffusion capabilities. Additionally, Musk's Starlink has become the top network service provider for Myanmar fraud parks, with US ISP service providers carrying nearly one-fifth of the park's traffic. Regarding the relevant allegations, OpenAI responded that fraudsters' use of ChatGPT is highly similar to that of ordinary users, making identification difficult, but approximately 100,000 suspicious accounts are banned monthly through behavior pattern recognition and risk control systems. Google stated its AI models have established safety guardrails and emphasized commitment to "responsible AI development" to limit tools from being used for illegal purposes such as fraud.
CryptoQuant data shows Bitcoin has exhibited a clear "diminishing capital efficiency" characteristic across its historical bull and bear cycles. As the asset's scale expands, the price increase generated per unit of new capital continues to decline:In the 2011 cycle, approximately $2.8 billion in net inflows drove Bitcoin up by roughly 55,000%;In the 2015 cycle, approximately $69 billion corresponded to a roughly 10,000% gain;In the 2018 cycle, approximately $365 billion corresponded to a roughly 2,000% gain;In the current cycle starting from 2022, approximately $697 billion in capital has been attracted, but the gain is about 689%.The data is based on "Realized Capitalization," which values coins based on their price at their last movement, serving as an approximate measure of actual capital inflows. CryptoQuant founder Ki Young Ju stated that for Bitcoin to experience another parabolic rally, it may require over $1 trillion in new capital inflows, further solidifying its status as a macro asset rather than just an ETF-driven trading asset.Ki Young Ju also noted that U.S. spot Bitcoin ETFs have recently seen net capital outflows, indicating that market structural demand is still in a transitional phase. Analysis suggests this trend reflects the natural decline in Bitcoin's marginal returns as its market capitalization expands. Unless larger-scale institutional capital steps in, achieving the high-multiple growth seen in earlier cycles will be difficult. (CoinDesk)
: "White-Haired Stock God" Serenity posted on platform X, stating that based on the capital flow direction in China's private VC market, institutions are currently pouring into fields related to Physical AI and World Models on a large scale.Data shows the approximate capital distribution as follows: Large Models/LLMs at about $23.56 billion, AI Infrastructure and Technology Layer at about $15.74 billion, Embodied Intelligence/Physical AI at about $13.36 billion, AIGC Applications at about $8.79 billion, and Autonomous Driving plus other top 20 sub-sectors totaling about $3.82 billion (note: metrics may not be directly comparable).Serenity pointed out that early-stage pure foundational model financing is largely closed, with capital more concentrated in existing leading companies and the World Model direction. He expects this trend to also appear in the US, potentially concentrating further towards leading companies like Anthropic and OpenAI. Regarding AIGC applications, Serenity believes this track's commercialization is already relatively mature, but an absolute winner has yet to emerge, exhibiting a fragmented competitive landscape in both China and the US markets.Overall, Serenity concluded that current AI investments continue to flow into infrastructure and the semiconductor supply chain. Meanwhile, capital is rapidly rotating towards Physical AI and Embodied Intelligence, but the World Model track still lacks direct investment targets.
According to on-chain analyst Maartunn (@JA_Maartun) based on CryptoQuant data monitoring, since June 29 (Monday), a total of 113,483.30 BTC (approximately $6.97 billion) have been transferred on-chain. All transferred coins have a coin age exceeding 3 months, of which 22,921.26 BTC (approximately $1.41 billion) came from long-term addresses holding for over 2 years.
WEEX Exchange Announcement: A Coin-Stock Ecosystem Trading Zone event for Physical AI Bot is now launched. Users trading any event tokens (MSFTON, NVDAON, AMDON, QCOMON, TXNON, ADION, SYMON, ISRGON, TSLAON) can participate in sharing a $100,000 reward. Event Time: 7/2 20:00 - 7/12 20:00 (UTC+8). During the event, new users who sequentially complete a net deposit ≥ $100 and make their first spot trade in an event token with trading volume ≥ $10 can receive a blind box worth up to $28; cumulative spot trading volume of event tokens ≥ 200 USDT allows participation in sharing 10,000 USDT bonus based on trading volume ratio. For new and old users, daily event token spot trading volume ≥ $50 is considered a successful check-in; cumulative check-ins of 2 days or more allow participation in sharing a $20,000 prize pool; net buy of event tokens ≥ 100 USDT allows participation in the Net Buy Challenge to share $30,000; cumulative spot trading volume of event tokens ≥ 2,000 USDT allows sharing 20,000 USDT bonus based on trading volume ratio.
According to Odaily, "1011 Insider Whale" agent Garrett Jin pointed out in a post that there has been a clear change in market structure this week, with funds within the AI industry chain being reallocated.Change 1: Signs of a cyclical peak in Memory chipsHe stated that Micron's stock price faced resistance and fell back around the $1250 level. Despite earnings results exceeding expectations, the stock price is still declining on increasing volume, displaying typical top-forming characteristics of "weakening after good news is priced in."Concurrently, capital is rapidly flowing out of the memory chip sector. DRAM-related ETFs are experiencing declines on heavy volume, and SK Hynix and Samsung Electronics in the South Korean market are also weakening. Data shows that foreign investors have withdrawn over 100 trillion Korean Won (approximately $650 billion) from the South Korean stock market in the past two months.Change 2: Funds rotating towards AI HyperscalersHe noted that the real direction for absorbing this capital is not small and mid-cap AI concept stocks, but rather the core cloud computing giants represented by Google, Microsoft, and Amazon.Last Friday, when the chip sector came under pressure, GOOG and MSFT had already stabilized on increased volume, and this week META has further strengthened this trend by rallying on high volume.Garrett Jin believes the logic behind this capital migration is the "token optimization trend." As more simple tasks are handled by low-cost models, value will gradually concentrate on the token-based billing cloud services and orchestration layers, rather than the foundational model layer. This also forms the core moat for hyperscale cloud providers. The current strategy should focus on catching up opportunities in hyperscale cloud names.
Yooldo posted on X platform, issuing an official statement regarding the significant price drop of the ESPORTS token on May 25th. The incident was not initiated, led, or intentionally caused by the ESPORTS team, which remains committed to building a healthy ecosystem and creating long-term value for the community.The key findings of the investigation are as follows: The ESPORTS team had previously onboarded external OTC and market-making partners to support liquidity and ecosystem development; the investigation found that one of these partners engaged in activities inconsistent with the team's agreed terms; based on available information, the team believes a large portion of the sell-off activity originated from tokens previously provided to this partner. However, due to the flow of transactions through multiple wallets, counterparties, and exchanges, tracing the complete fund flow is difficult; the ESPORTS team did not execute, coordinate, or instruct any market sell-offs intended to cause the price decline. Upon discovering the issue, the team cooperated with exchanges and relevant parties to investigate the incident and limit further damage; the team has begun implementing recovery measures, including liquidity support and onboarding new long-term partners, but still faces challenges from ongoing selling pressure by the market maker and related market activities.Yooldo also stated that new game updates and an additional buyback plan will be announced soon, and advised all project founders to only work with reputable and trustworthy market makers.