Odaily News: Reuters reported on the 7th, citing a US official, that negotiations between Iran and Oman regarding the Strait of Hormuz are "making progress" and "an agreement is expected to be reached soon." The official stated that once an agreement is reached and commercial shipping resumes in the Strait of Hormuz, the US will lift its maritime blockade on Iran. The official also reiterated that US actions will continue to be based on Iran's actual compliance with its commitments. (Xinhua)
Odaily讯 据美国方面7日消息披露，美国太空探索技术公司（SpaceX）创始人马斯克明确拒绝允许乌克兰军方利用SpaceX旗下卫星互联网系统“星链”打击俄罗斯境内目标。美国方面援引乌前国防部长费多罗夫两名“身边人”消息称，费多罗夫此前一直在推动利用“星链”打击俄罗斯境内目标，曾尝试通过私下渠道与马斯克接触，但遭到后者拒绝。“截至目前，（马斯克）没有作出同意的决定。”消息称，马斯克之所以拒绝乌方用“星链”对俄进行纵深打击，是担心危机进一步升级。（央视新闻）
Odaily Odaily News: Bank of America (BofA) maintained its "Buy" rating on Western Digital but lowered its price target from $732 to $720. BofA noted that the company's growth this quarter was primarily driven by price increases rather than shipment volume growth.
Odaily News According to SoSoValue data, yesterday (August 7, Eastern Time) Ethereum spot ETFs saw a total net inflow of $49.601 million.
The Ethereum spot ETF with the highest single-day net inflow was Blackrock's ETF ETHA, with a daily net inflow of $38.1476 million. To date, ETHA's historical total net inflow has reached $11.65 billion.
Next was Fidelity's ETF FETH, with a single-day net inflow of $11.4535 million. FETH's historical total net inflow currently stands at $2.125 billion.
As of press time, the total net asset value of Ethereum spot ETFs is $10.744 billion, with the ETF net asset ratio (market value as a percentage of Ethereum's total market cap) at 4.65%. The historical cumulative net inflow has reached $11.455 billion.
Odaily News: According to SoSoValue data, yesterday (Eastern Time, August 7), Bitcoin spot ETFs saw a total net inflow of $98.8453 million.
The Bitcoin spot ETF with the largest single-day net inflow was BlackRock's ETF IBIT, which recorded a net inflow of $86.7064 million. To date, IBIT's historical total net inflow has reached $61.175 billion.
The second was Fidelity's ETF FBTC, with a single-day net inflow of $40.9544 million. FBTC's historical total net inflow now stands at $10.036 billion.
The Bitcoin spot ETF with the largest single-day net outflow was Invesco and Galaxy Digital's ETF BTCO, which saw a net outflow of $19.3722 million. BTCO's historical total net inflow currently stands at $152 million.
As of press time, the total net asset value of Bitcoin spot ETFs is $79.497 billion, with an ETF net asset ratio (market value relative to Bitcoin's total market cap) of 6.1%. The historical cumulative net inflow has reached $52.178 billion.
Odaily News, Bybit announced today that it has officially filed a civil lawsuit in the U.S. District Court for the District of Columbia against North Korea (DPRK), its Reconnaissance General Bureau (RGB), and the Lazarus Group, holding the organization legally accountable for the大规模 cyberattack launched against Bybit in February 2025.
It is reported that Bybit has successfully obtained a preliminary injunction from the court, freezing identified stolen digital assets held or transferred by unidentified individuals and entities (i.e., "John Doe" defendants). In approving the preliminary temporary restraining order, the court described the incident as "one of the largest cryptocurrency thefts in history" and determined that Bybit has a "likelihood of success on the merits" of the case. This civil lawsuit is independent of criminal investigations by U.S. law enforcement and aims to provide an additional legal avenue for asset recovery.
In terms of asset recovery and global collaboration, Bybit has achieved notable results in partnership with blockchain analytics firms, multiple exchanges, custodial institutions, and international law enforcement agencies. To date:
Approximately $48.4 million in stolen assets have been successfully recovered;
Approximately $30.5 million in involved assets have been successfully frozen (distributed across more than 28 exchanges and custodial institutions).
These efforts have also supported broader law enforcement actions targeting key infrastructure allegedly used to launder stolen funds: German authorities have dismantled cryptocurrency exchange eXch; German and Swiss authorities subsequently jointly shut down mixing platform Cryptomixer.io, cutting off critical channels for transferring illicit proceeds. These actions collectively demonstrate the effectiveness of collaboration between the private sector and law enforcement agencies in combating transnational cybercrime.
Ben Zhou, co-founder and CEO of Bybit, stated: "Our core goal has never changed: prioritizing user protection, making every effort to recover assets, and ensuring those behind this are held accountable under the law. The Lazarus attack was not only directed at Bybit, but also a challenge to the trust foundation of the entire crypto industry. We will continue to deepen cooperation with law enforcement agencies, regulatory authorities, and courts to make the crypto world a place where criminals find it difficult to hide."
Bybit emphasized that it will continue to invest in advanced blockchain tracking technology, utilize all available legal means to combat state-sponsored hacker groups, and drive the establishment of a more resilient digital asset ecosystem. The civil lawsuit is currently ongoing.
Odaily News On August 6, at the "All Core Devs consensus call" held by the Ethereum community (a biweekly meeting to discuss consensus layer changes), Jerome introduced EIP-8363, a proposal aimed at introducing a decreasing burn mechanism for Ethereum. Once the staking ratio exceeds 50%, the staking incentive for validators would drop to zero.
However, other participants expressed concerns about the potential negative impact on small validator nodes and the risk of centralization, and also questioned the actual returns for stakers and the complexity of implementation. As a result, the proposal was ultimately recommended for removal from consideration for inclusion in the Hegota upgrade. Jerome and the other authors of the proposal were also advised to respond to all comments on the EIP thread on the Eth Magicians forum.
It is reported that EIP-8363 was submitted as a draft on August 4, in an attempt to meet the non-core EIP submission window for the Hegota upgrade (deadline August 6), but it triggered extensive controversy within the community regarding timing, impact on staking/DeFi, and centralization risks. Executives from Ethereum ecosystem companies, including SharpLink CEO Joseph Chalom, Aave founder Stani Kulechov, and Ether.fi founder Mike Silagadze, all publicly opposed the proposal.
Odaily Planet Daily News: Following SanDisk's latest earnings report, Bank of America reiterated its Buy rating and maintained a $2,500 price target, implying approximately 85% upside from the reference price. Bank of America believes the market still underestimates the sustainability of SanDisk's profitability. While storage chips have long been cyclical, AI data center demand, enterprise SSD growth, and long-term supply agreements are reshaping the NAND industry model.
Additionally, Bank of America noted that SanDisk's fiscal 2027 EPS is expected to grow to approximately $233.85, and views the current forward P/E ratio of roughly 6x as more attractive compared to Micron's valuation of approximately 12x. (The Street)
Odaily News, August 7 — The Senate announced that the vote on the Clarity Act has been postponed to September. Senator Lummis, a supporter of the Clarity Act, posted on X, saying, "I have put so much long and hard work into this bill, so you can imagine how frustrated I am right now. Someday I will have more to say, but for now, allow me to say this: we have come this far, and now is absolutely not the time to give up."
"I will not give up, because I deeply believe in my heart that this industry deserves to thrive under clear rules on American soil; consumers deserve to be protected from fraud and have the confidence to participate in our digital economy; and law enforcement should also have the necessary tools to hold bad actors accountable."
"The Clarity Act is the only way for us to achieve these goals. The status quo is flawed in every way, and I will not rest until we fix this broken system. I will continue to work hand in hand with my colleagues to reach this goal—this fight is far from over."
Odaily Planet Daily News According to Bloomberg data, Asian companies raised over $83 billion in cumulative financing in July through IPOs, targeted placements, and block trades, setting a new monthly record. Among them, South Korean chip giant SK Hynix raised $26.5 billion through a U.S. listing, becoming the largest financing deal.
Equity financing activity in Asia remained active in August, with the Indian government selling shares in state-owned insurance giant LIC to raise $3.3 billion. Cathy Zhang, Head of Asia-Pacific ECM at Morgan Stanley, said: "We remain bullish on the capital markets outlook for the second half of this year, particularly in Hong Kong, Mainland China, and Taiwan." She expects multiple deals exceeding $1 billion to launch in the coming months, primarily focused on consumer internet, industrial technology, and AI-related sectors. (Bloomberg)
Odaily News: SK Hynix's stock price has recently seen a pullback. On August 3, the stock fell 8.79%. Although it rebounded slightly by 0.64% and 5.77% on August 4 and 5 respectively, it plunged another 10.37% on August 6, closing at 1.495 million KRW; on August 7, it dropped a further 4.88%, closing at 1.422 million KRW.
Against the backdrop of heightened market volatility, SK Group released an advertisement quoting founder Choi Jong-gun’s famous saying: "Despair and hope are two sides of the same coin; you can turn despair into hope as easily as flipping your palm," and adapted it to: "Unease and anticipation in the AI era are also two sides of the same coin; you can turn unease into anticipation," thereby conveying confidence in the long-term development of the AI industry.
Securities institutions believe that short-term stock price fluctuations have not changed SK Hynix's fundamentals, and the market should focus on its HBM4 technology leadership and the earnings stability brought by long-term supply agreements (LTAs). Specifically:
1. Hyundai Motor Securities expects SK Hynix's DRAM and NAND bit growth to reach 9.7% and 1.5% respectively in the third quarter. As HBM4 sales contributions expand, even with a higher proportion of LTAs, DRAM average selling prices (ASP) are still expected to rise 19.9% quarter-over-quarter. Companies such as OpenAI and Anthropic are advancing plans to build their own hyperscale AI data centers and intend to raise funds for related construction through IPOs. Even if some large tech companies adjust capital expenditures (Capex) in the future, this could be offset by demand from other AI infrastructure. Additionally, regarding competitive concerns over China's CXMT, given the U.S. continued tightening of semiconductor equipment export restrictions, as well as Micron's expansion of domestic U.S. investment, the likelihood of major companies like Apple adopting Chinese memory chips is relatively low.
2. SK Securities is also bullish on SK Hynix's competitive advantages, believing that with its leading position in HBM, partnerships with major North American GPU companies, and AI-driven LTA demand, SK Hynix's market position remains solid. Currently, the HBM supply-demand fulfillment rate is below 70%, and the core value of LTAs lies in ensuring profit sustainability and earnings stability through a "mutual binding structure" between customers and suppliers. With value-reassessment initiatives such as an ADR listing progressing, along with dividend income from the sale of SPC assets related to Kioxia, the company's goal of achieving net cash of 100 trillion KRW may be reached earlier than expected. As shareholder return policies gradually become clearer, this will help the market re-evaluate the value of the LTA model and drive a further re-rating of SK Hynix. (Daum)
