Odaily Odaily星球日报讯 Binance founder CZ attended the ASEAN Tech Summit Manila 2026, marking his first public appearance in the Philippines. (Cointelegraph)

Odaily reported that according to Token Terminal data, the asset deposit scale of various applications on Robinhood Chain has exceeded $600 million, growing by approximately 50% over the past week. (Cointelegraph)

Odaily Odaily reports that crypto KOL Phyrex posted on platform X, stating that U.S. investors are pursuing stock market highs with increasingly high leverage. As of June, the net credit balance of U.S. brokerage accounts fell by approximately $70 billion in a single month to a negative $1.061 trillion, hitting a record low. During the same period, margin debt increased by about $86 billion to $1.53 trillion, rising for the third consecutive month and setting a new record.

Phyrex pointed out that the continuous deterioration of the net credit balance indicates that investors' cash buffers are shrinking, and their dependence on borrowing to maintain stock positions is increasing. Currently, leverage in the U.S. market is widespread across the entire brokerage system. During an uptrend, rising stock prices increase account net worth, which can further release margin capacity, creating mechanical buying pressure. However, once the market weakens, margin pressure may force investors to add cash or sell stocks, turning the leveraging capital that previously fueled the rally into mechanical selling pressure. Phyrex believes that the U.S. stock market is currently facing both high valuation and high leverage conditions. If the influx of new funds slows down, leveraged positions could further amplify market volatility.

According to MSX.COM data, SK Hynix's stock price decline has expanded to 14%, while Samsung Electronics has fallen by 13%.

Odaily Odaily Planet Daily News Anthony Willis, a senior economist at Tianli Investment, stated in a report that as U.S. inflation remains significantly above target while the economy and labor market continue to show resilience, pressure on Federal Reserve policymakers to tighten policy has increased. Willis said: "However, policymakers may be willing to temporarily overlook the impact of the recent surge in oil prices until the effects on inflation become clearer."

Nevertheless, the broader direction is clear: under [Warsh's] leadership, the Federal Reserve is adopting a more hawkish stance. The market currently estimates a 38% probability of a Fed rate hike on Wednesday and has fully priced in the possibility of a rate hike in September. (Jin Shi)

According to Odaily, after news broke that Nvidia is negotiating on an AI infrastructure deal worth more than $750 billion, market concerns over its potential debt risks have intensified. Data from ICE Data Services shows that Nvidia’s 5-year credit default swap (CDS) price rose by 0.14 percentage points to 0.82% on Monday, marking the largest intraday gain since the product began active trading in November last year. (Bloomberg)

Odaily Planet Daily News: “Lei Jun profits 700 million from Changxin Technology’s IPO” trended on Weibo’s hot search list. According to a previous announcement by Changxin Technology, a company in Wuhan participated in Changxin Technology’s strategic placement, securing 18,244,800 shares. Calculated at the issue price of 8.66 yuan per share, the company made a profit of 736 million yuan on the first day of listing. This company is Wuhan 1810 Enterprise Management Co., Ltd., established in 2021, with its office located in the East Lake High-tech Zone in Wuhan.

Notably, Wuhan 1810 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.

Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group and Deputy General Manager of the Strategic Marketing Department, responded to this today, saying, “Friends can have a laugh at this, but don’t take it seriously. Actually, you can’t calculate it that way. This is a corporate investment; specific subsidiary entities cannot be conflated with personal wealth. Also, by the way, best wishes to Changxin again.”

It is reported that semiconductor industry chain companies such as Montage Technology, ESWIN, ACM Research, Anji Microelectronics, Tongfu Microelectronics, AMEC, YITAN Technology, and National Silicon Industry Group each received 18.24 million shares, with an allocation amount of 158 million yuan. Based on the closing price on the first day of listing, each company’s floating profit exceeded 700 million yuan. (The Paper)

Odaily reported that Mabrouk Chetouane, Head of Global Market Strategy at Natixis Investment Management, stated in a report that Fed Chair Walsh is unlikely to challenge the current consensus during his second meeting of the Monetary Policy Committee. Chetouane noted that Walsh will not succumb to the temptation of a 25-basis-point rate hike, although at this stage, bringing inflation back to target levels by year-end is almost unattainable.

Furthermore, Walsh is not expected to risk disrupting the slow but steady improvement in the labor market—a trend that has persisted for several weeks—by tightening monetary conditions. Analysts generally expect the Fed to hold steady on Wednesday, but money markets reflect a 38% probability of a rate hike. (Jinshi)

The PPP Prediction Market Tool monitors that in Polymarket's "Will Ethereum touch price in July" prediction market, the probability of ETH reaching $2,000 is 26%, down 46% in 24 hours; the probability of dropping to $1,800 is 43%, up 28% in 24 hours.

According to the rules of this prediction market, the relevant outcome is determined by the highest price of the 1-minute candlestick on the Binance ETH/USDT trading pair. Yesterday, ETH briefly surged to $1,981, less than 1% away from the $2,000 mark, but subsequently fell back quickly and has now dropped below $1,900.

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According to data from MSX.COM, Hong Kong-listed memory chip concept stocks continued to decline in the afternoon. The Southern Double Long Hynix ETF (07709.HK) fell over 28%, the Southern Double Long Samsung Electronics ETF (07747.HK) dropped over 25%, GigaDevice (03986.HK) fell over 17%, and Montage Technology (06809.HK) declined over 12%.

According to Gate data, spot silver fell below $57 per ounce, with an intraday decline of 2.41%.

1. Hyperliquid SKHX fell 17.9% this morning, with liquidations over 4 hours exceeding those on Binance;

2. South Korea's housing mortgage loan interest rate has risen to its highest level in over two and a half years;

3. trade.xyz hit multiple all-time highs, with cumulative trading volume reaching $408.4 billion;

4. Cathie Wood: Although SpaceX has fallen below its IPO price, the bull market is not over yet;

5. South Korea's Financial Services Commission requires that rebalancing trades for single-stock leveraged ETFs be spread across the entire trading day;

6. Multicoin co-founder Kyle Samani slams his former firm: If you're building on Solana, Multicoin will block everything you do;

7. Lighter founder: All of Lighter's economic value will flow to the token, and the equity structure was converted to a token structure at TGE;

8. Unrealized profit of $6.1 million; Hyperliquid's largest shortseller is shorting $40.5 million in SKHX.

According to monitoring by the PPP Prediction Market Tool, in the Polymarket event "Will the Federal Reserve raise interest rates by 25 basis points after the July meeting?", a new account (0x0c689c8e78588fd3d02e56a6e787e7f9e9b09e76) purchased $196,000 worth of shares predicting the Federal Reserve will not raise rates by 25 basis points after the July meeting, with an entry price of 72.5¢.

This event will determine the adjustment range of the federal funds target rate upper bound compared to before the meeting, based on the statement released by the Federal Reserve after the July FOMC meeting.

If the rate adjustment range does not correspond to an existing option, it will be rounded up to the nearest 25 basis points for settlement. For example, a rate cut or hike of 12.5 basis points will be calculated as 25 basis points.

Settlement is based on the official FOMC meeting statement and federal funds target rate data released by the Federal Reserve. If no relevant statement is released before the next scheduled meeting concludes, the event will be settled as "No Change."

The Federal Reserve’s July FOMC meeting is scheduled for July 28-29.

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Odaily Odaily reported that Cathie Wood, founder of ARK Invest, posted on X platform that the successful splashdown of SpaceX's Starship last Friday may be a turning point for SpaceX. However, the company's stock price fell further below its IPO price at the opening on Monday. Cathie Wood believes that the stock market is climbing a "wall of worry," but the bull market will not end here. She emphasized that the end of a bull market often comes only when everyone believes that the future holds unlimited possibilities.

Odaily reports that, according to official sources, the Binance wallet has listed perpetual contract trading for CXMT, supporting up to 20x leverage.