Odaily reported that Lookonchain stated on platform X that from July 20 to July 26, 2026, the total market capitalization of stablecoins increased by $113 million; DEX spot trading volume decreased by 6.65% month-over-month, while perpetual contract trading volume fell by 14.9% month-over-month. Revenue from leading protocols remained stable, with Pump's revenue growing by 28% and nu11.fun recording the fastest weekly growth rate at 8,739%. Last week, six companies collectively reduced their holdings by 360 BTC, valued at $23.22 million; Strategy did not sell or repurchase BTC, while Bitmine only purchased 9,946 ETH, worth $19.38 million.

Odaily: Kimi AI has released the model weights and technical report for Kimi K3. Kimi K3 is currently our most capable model. It is a 2.8-trillion-parameter MoE (Mixture of Experts) model with native visual understanding capabilities and supports a 1-million-token context window. (Jin Shi)

Odaily Planet Daily News: U.S. President Trump stated that the U.S. is engaged in in-depth negotiations with Iran, but the window for talks is limited and Iran will not be given much time to negotiate. Trump warned that if the negotiations collapse, the U.S. will restart "massive" military action. Trump stated that he decided to suspend the attack on Iran because mediators requested a chance for negotiation. At the request of the mediators, I agreed to provide an opportunity for talks. I believe the Iranians want to reach an agreement. (Jin Shi)

Odaily reported that according to MSX data, US AI hardware stocks suffered a sharp decline, with the Philadelphia Semiconductor Index dropping 5.02%. Nvidia's stock price fell by 4.03%, TSMC fell by 3.47%, Broadcom fell by 2.02%, AMD fell by 8.51%, ASML fell by 7.3%, Intel fell by 5.38%, Lam Research fell by 7.45%, and ARM fell by 3.02%. In terms of memory stocks, Micron Technology fell by 6.94%, SK Hynix fell by 9.39%, SanDisk fell by 13.79%, Western Digital fell by 9.28%, Seagate Technology fell by 8.09%, and Kioxia ADR fell by 6.65%.

Odaily reported that affected by the news of "a state-owned enterprise has begun mass production of DUV lithography machines," the U.S. stock of Dutch lithography giant ASML Holding (ASML) fell over 7% intraday, temporarily trading at approximately $1,633.

Earlier news, The Information cited sources that a company backed by Chinese state capital has begun mass-producing self-developed DUV (deep ultraviolet) lithography machine manufacturing equipment, marking significant progress in China's semiconductor industry's push for domestic substitution.

Odaily reported, citing sources familiar with the matter, that a company backed by Chinese state capital has commenced mass production of domestically developed DUV (Deep Ultraviolet) lithography manufacturing equipment. This marks a significant step forward for China's semiconductor industry in advancing import substitution.

According to reports, the company plans to produce approximately 5 DUV lithography machines in 2026 and expand output to around 20 units in 2027. While there remains a gap compared to the production capacity of Dutch lithography giant ASML (which delivered 131 immersion DUV lithography systems last year), the breakthrough in mass-producing domestic DUV equipment signals further progress towards self-sufficiency and independent control of China's chip manufacturing supply chain.

Sources stated that this batch of domestically produced DUV lithography machines is scheduled for delivery to major Chinese chip manufacturers, including Semiconductor Manufacturing International Corporation (SMIC), Hua Hong Semiconductor, and memory chip producer ChangXin Memory Technologies.

Among these, ChangXin Memory Technologies, as a representative enterprise in China's DRAM industry, is expected to become a key adopter of advanced domestically produced semiconductor manufacturing equipment. If the domestic DUV equipment can achieve stable operation on the production lines of manufacturers like ChangXin, it will further reduce China's memory chip industry's reliance on critical overseas equipment.

According to MSX data, the US-listed storage concept sector has given up its early gains, with losses continuously widening. SanDisk (SNDK.O) fell over 11%, SK Hynix (SKHY.O) dropped over 7%, and Micron Technology (MU.O) declined over 5%.

Odaily Planet Daily News: SemiAnalysis posted on X platform, stating that they had foreseen this. Their in-depth analysis last month unpacked the rise of ChangXin Memory Technologies (CXMT) from the legacy of Qimonda to become the world's fourth-largest DRAM manufacturer, covering technology transfer, patient capital in Hefei, and IPO projections.

Odaily reports that according to MSX data, Micron Technology (MU.O) shares fell over 4% to $881 per share, with a total market capitalization of $994 billion.