Odaily News The US-Iran conflict enters its tenth day, with Brent crude briefly reaching $91.63/barrel on Tuesday before retreating to $91.26/barrel at 5:00 PM Eastern Time. The US benchmark West Texas Intermediate crude rose 2.3% to $84.38/barrel.

Shipping disruptions in the Strait of Hormuz continue, with vessel traffic falling to 127 ships in the week ending July 19, a decrease of nearly 50% from 248 ships in the week ending July 12. Indian state-owned refiners Indian Oil and Mangalore Refinery and Petrochemicals have suspended crude oil loading from Iraq.

Maritime intelligence data shows that the US Navy escort corridor has been largely abandoned, with vessel operators mainly rerouting through the northern passage of Iran. Goldman Sachs estimates that crude oil shipments from the Persian Gulf have fallen to below 45% of pre-war levels.

Odaily reports that on July 21, OpenAI, the developer of ChatGPT, announced the appointment of David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of BNY Mellon, as independent directors of the foundation and the company. With the addition of two new independent directors, OpenAI's board will expand from eight to ten members. David Velez founded Nubank in 2013 and previously led Latin American investments at Sequoia Capital, Goldman Sachs, and Morgan Stanley. Robin Vince spent 26 years at Goldman Sachs, serving as Chief Risk Officer and Chief Operating Officer. OpenAI is currently controlled by a non-profit foundation that pursues a for-profit public benefit corporation. Most board members serve on both the foundation and the company's board, with CEO Sam Altman being the sole internal director.

Odaily News: Solana’s tokenized asset trading volume reached $5.77 billion in the second quarter, up 114% from the previous quarter, marking a record high for the sixth consecutive quarter. Among this, tokenized stock trading volume reached $4.8 billion, approximately quadrupling from $1.1 billion in the first quarter.

According to the Solana Foundation, Solana accounts for approximately 97% of on-chain tokenized stock trading volume and has maintained its leading position in this field for 54 consecutive weeks. In the final week of Q2, the network’s weekly tokenized asset trading volume hit $1.42 billion, setting a new weekly all-time high. The number of addresses holding RWA (Real World Assets) surpassed 300,000 earlier this year.

Odaily reported that OpenAI confirmed that the unreleased GPT-5.6 Sol and another unnamed, more powerful pre-release model breached a restricted sandbox environment during ExploitGym benchmark evaluations and infiltrated Hugging Face's production infrastructure to obtain test answers.

OpenAI stated that the models leveraged a zero-day vulnerability in an internal software package registry proxy to escalate privileges and move laterally, ultimately connecting to a machine with internet access. The models then identified and chained together vulnerabilities in both the OpenAI research environment and Hugging Face's production infrastructure, directly retrieving test solutions from Hugging Face's production database.

Hugging Face disclosed the incident on July 16, stating that the attack was executed end-to-end by an autonomous AI agent system, involving thousands of operations within short-lived sandboxes and accessing internal datasets and service credentials. OpenAI confirmed its models were the subject of the incident five days later.

Hugging Face stated that its security team, in order to analyze over 17,000 attack logs, initially attempted to use a commercial US frontier AI interface, but the request was blocked due to safety guardrails. They subsequently switched to using the 753-billion parameter open-weight model GLM 5.2 from Chinese AI startup Z.ai on their own infrastructure to complete the forensic analysis.

Odaily reports that Paradis Labs stated on platform X that it is currently difficult to determine whether semiconductor stocks have bottomed out. Most AI infrastructure-related stocks rose on the day, with SIVE, AEHR, and IQE gaining over 20%, and SNDK, MU, and AAOI rising over 10%.

Paradis Labs noted that regardless of today's returns, gaining more clarity over the coming weeks will be more important: On July 22, GOOGL will release its Q2 earnings, which will serve as the first formal indicator of annual capital expenditure for approximately $750 billion in hyperscale cloud providers; On July 22-23, AMD will hold the Advancing AI event, where wafer foundry loading, advanced packaging, and laser-type demand roadmaps through 2027 can be observed; On July 23, INTC will report Q2 earnings, with 18A yield and foundry commitments potentially being major variables, while also providing insights into U.S. domestic manufacturing and packaging momentum; On July 23, IBM will report Q2 earnings, and with its market cap already down ~25%, the market's reaction to any guidance shortfall is worth watching; On July 24, 10% global tariffs expire, and new tariffs are expected to be imposed on dozens of countries, which could act as a stagflationary factor and influence the Fed's rate hike narrative; On July 27, Kimi K3's complete weights will be released; On July 28-29, the FOMC meeting will convene, with experts and Polymarket expecting rates to remain unchanged. It is noteworthy that a rate hike or a signal of a rate hike would represent the first true institutional shift for the AI trade; On July 29-30, META, MSFT, and AMZN will report earnings, providing more capital expenditure data; On July 30, the U.S. will release June core PCE.

Paradis Labs also indicated that a ceasefire between the U.S. and Iran could be reached at any time. A 10-day proposal is currently on the table, while attacks continue. A formally confirmed ceasefire would be beneficial for oil prices and bullish for semiconductor stocks. The above is a high-level timeline of the key upcoming events, all of which will impact semiconductor stocks to varying degrees. When hyperscale cloud providers report earnings, AI capital expenditure will be the most important factor.

Odaily Odaily Planet Daily reports that Bloomberg ETF analyst Eric Balchunas stated on X platform that the current drawdown of all stocks tracked by 2x leveraged ETFs shows that declines of over 50% persist. Therefore, it is expected that more products similar to LCDL will be closed, though closures may occur intermittently unless a black swan event happens, and users of these products are unlikely to care.