24H Hot Coins & Headlines｜SK Hynix and Micron Stock Prices Plunge; ChangXin Memory Technology Grants Shares to Over 6,000 Employees, Set to Create a Wave of Wealth (July 14)
- Core View: The cryptocurrency market faces overall pressure, with BTC falling below 62,000 USDT and mainstream coins generally declining; geopolitical tensions are escalating, with the US-Iran conflict intensifying around the Strait of Hormuz, while US regulatory and inflation policy directions become key variables.
- Key Elements:
- Widespread Decline in Mainstream Coins: BNB fell 1.30%, BTC fell 2.55%, ETH fell 1.98%, SOL fell 2.63%, market sentiment is weak.
- Escalation of Geopolitical Conflict: The US military struck Iran for the third consecutive night, and Iran declared the Strait of Hormuz impassable, triggering global flight to safety in energy and assets.
- Macro Policy Risks: Fed Governor Waller indicated that if inflation remains persistently high, a rate hike may be necessary in the near term; the market awaits direction from Tuesday's CPI report.
- Major Industry Developments: Robinhood Chain's DEX trading volume reached $3.1 billion in its first week, becoming a top-five blockchain; Jito Network plans to use all revenue for repurchasing and burning JTO.
- Divergent Gains and Losses: ALL0 led the gains with a 21.80% increase, ZEC saw a notable decline of 7.91%, and Meme coins like irlguys appeared in the trending list, indicating persistent speculative demand.
1. Popular Tokens on CEX
Top 10 CEX Trading Volume & 24h Change:
- BNB: -1.30%
- BTC: -2.55%
- ETH: -1.98%
- OPN: -7.10%
- SOL: -2.63%
- XRP: -2.14%
- NEAR: -0.47%
- ZEC: -7.91%
- SXT: -3.92%
- SPCXB: -4.46%
24h Gainers (Data Source: OKX):
- ALLO: +21.80%
- CARDS: +17.32%
- KITE: +10.64%
- NES: +7.73%
- EDGE: +7.39%
- SENT: +5.13%
- A: +4.88%
- LINEA: +4.73%
- EIGEN: +4.15%
- JUP: +3.84%
24h Crypto-Equity Gainers (Data Source: msx.com):
- SOXS.M: +14.71%
- FIG.M: +11.27%
- USO.M: +9.07%
- ICG.M: +8.68%
- GAME.M: +7.67%
- ZSL.M: +6.99%
- NVDQ.M: +6.97%
- TSLQ.M: +6.89%
- FGNX.M: +6.72%
- QNTM.M: +6.65%
2. Top 5 On-Chain Meme Coins (Data Source: GMGN):
- irlguys
- caterpillar
- PUMPFUN
- Detective
- NEEGY
Headlines
Trump: Iran Blockade to Resume Immediately
Trump stated that the Strait of Hormuz will remain open, and the U.S. will resume the "Iran Blockade" operation (only preventing Iranian ships or customers from entering/exiting), allowing other countries fair use of the strait. The U.S. will call itself the "Guardian of the Strait of Hormuz" and charge a 20% fee on all cargo shipments to compensate for security costs. (Jinshi)
Over 6,000 Employees to Receive Shares, CXMT IPO Set to Create Mass Wealth
CXMT's prospectus shows that two employee stock ownership plans were implemented before the IPO, granting shares to 6,760 individuals, covering 35% of the company's employees. The IPO plans to issue 6.688 billion shares, accounting for approximately 10% of the total post-issuance share capital, aiming to raise 29.5 billion yuan, setting a record for the largest A-share IPO since 2026.
SK Hynix ADR Decline Widens to 9.9%, Hitting Intraday Low
According to MSX.COM data, the decline in SK Hynix ADR once widened to 9.9%, hitting an intraday low.
Micron Technology Stock Decline Widens to 7.2%, Reports $908.73
Micron Technology's stock fell 7.2% to $908.73 per share, with a total market cap of $1.03 trillion; the Nasdaq 100 index decline widened to 1.5%, and the Roundhill Memory ETF plummeted 8.6% in early trading.
Industry Highlights
Iran's Persian Gulf Strait Authority: Strait of Hormuz is Impassable
Iran's Persian Gulf Strait Authority stated that due to recent "hostile actions" by the U.S. military, the Strait of Hormuz is currently impassable. Once the situation stabilizes, the review of passage applications will resume according to the scheduled timeline, with the only permitted channel being the authority's official website. (CCTV News)
U.S. Military Announces Third Consecutive Night of Strikes on Iran
The U.S. Central Command announced it has begun a third consecutive night of strike operations against Iran, aiming to impose costs on the Iranian military and degrade its capability to attack commercial shipping in the Strait of Hormuz. (Jinshi)
BTC Drops Below 62,000 USDT, Down 3.34% in 24 Hours
OKX market data shows that BTC has fallen below 62,000 USDT, currently trading at 61,996.3 USDT, down 3.34% in the last 24 hours.
Waller Sets the Stakes for Tuesday's CPI: Hot Inflation Would Support Near-Term Rate Hike
Federal Reserve Governor Christopher Waller said that if future data shows inflation is still significantly above the 2% target, the Fed may need to raise rates in the near term. Current monetary policy is at a "crossroads," with the direction to be determined by Tuesday's CPI report. (Jinshi)
Patrick Witt, Executive Director of the White House Crypto Council, said this week is a "critical week" for advancing the "CLARITY Act," coinciding with the crypto industry commemorating the one-year anniversary of the "GENIUS Act" becoming law. The bill's progress will impact the structure and regulatory certainty of the digital asset market.
Project Highlights
Jito Network Plans to Use 100% of JTX Revenue Share for JTO Buyback and Burn, for at Least One Year
According to market sources, Jito Network plans to use all revenue share from JTX to repurchase and burn JTO from the secondary market, reducing the circulating supply. This program will last for at least one year.
Data: Robinhood Chain Records $3.1B in DEX Volume in First Week
Bernstein statistics show that Robinhood Chain recorded a total DEX trading volume of approximately $3.1 billion in its first week after launching on July 1, ranking among the top five blockchains globally by DEX volume. It attracted 65,000 users, with on-chain stablecoin volume of around $300 million, and an additional $13 million in tokenized stock assets deployed on the chain. (The Block)
Jupiter Launches On-Chain Pokémon Cards
Jupiter, a Solana-based DEX, has launched Jupiter Gacha in beta, allowing users to purchase real graded and authenticated Pokémon and One Piece cards and trade them on-chain. Each card pull corresponds to a physical card and its associated on-chain token, bridging physical collectibles with on-chain liquidity. (The Block)
Notable Quotes
Bankless Founder: Importance of Strait of Hormuz May Be Diminishing, Markets Seek Alternative Routes
David Hoffman, co-founder of Bankless, stated online that despite ongoing geopolitical tensions, oil prices remain low, which may indicate that the importance of the Strait of Hormuz is being permanently diminished, with markets turning to other routes to reduce dependence on this passage.
CZ explained the reason for recently burning Meme coins from his wallet: because he hadn't checked the wallet for a long time and found an excessive number of tokens that cluttered the software display. He believes sending them to the burn address (0x000...dEaD) is more direct and effective than sending them to his own address.
