24H Hot Coins & Headlines｜ChangXin Memory Technologies Listed Today; BitMart Announces Shutdown (July 27)

1. Popular Tokens on CEX

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2. Popular On-Chain Memes (Data source: GMGN):

• Solana: CATE, Jimothy
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Headlines

ChangXin Memory Technologies Lists Today, Max Profit Per Lot Exceeds 20,000 Yuan

Odaily reports that ChangXin Memory Technologies will officially debut on the STAR Market with an IPO price of 8.66 yuan per share. Based on the average 278.01% gain for all new shares, profit per lot is approximately 12,000 yuan. Based on the average 466.67% gain for STAR Market new shares, profit per lot is approximately 20,200 yuan. Institutions note that the new stock sector has seen a phase rebound recently, with panic sentiment receding. Reviewing current IPO cycle indicators, pricing and sentiment indicators have mostly fallen to neutral or slightly below-neutral levels for the year. The sharp release of high-level risks may be coming to an end, and the new stock sector may be poised for a relatively balanced volatile tug-of-war. However, it is noted that a return to strength for the new stock sector may require more time, partly waiting for cycle indicators to stabilize and partly waiting for the gradual narrowing of bullish-bearish divergence. (Jin Shi)

BitMart to Orderly Cease Operations, Will Halt All Trading Services on August 26

Odaily reports that BitMart announced on X platform that after a careful evaluation of its operational status, market environment, and future strategic direction, it has decided to orderly cease operation of its trading platform. New registrations, deposits, and new trading orders will be suspended starting July 26, 2026 at 01:30 UTC. All trading services will cease on August 26, 2026 at 01:00 UTC. Platform operations will officially terminate on January 31, 2027 at 15:59 UTC. Withdrawal services will remain open.

BitMart also advises all users to close positions, complete KYC, and withdraw assets as soon as possible.

BitMart Global CEO Says Shutdown Decision Unrelated to Him, Was Removed from Position on July 24

Odaily reports that BitMart Global CEO Nenter Chow stated on X platform that he was notified on July 24 that his position as Global CEO would be terminated, and immediately entered the offboarding process.

Nenter Chow stated that since July 24, he has no longer been involved in BitMart's management or decision-making, nor was he involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated he learned of the decision only after BitMart's official announcement was made public.

Nenter Chow expressed that his primary concerns are the safety of BitMart user assets and employee placement, reminding users to only refer to BitMart's official channels for account-related matters.

MSX Founder: If I Acquire Bitmart, I Will Make Spot and Futures Trading Fees Free

Odaily reports that Bruce, founder of MSX.COM, posted on X platform, saying, "If I acquire Bitmart, the first thing is to complete the transfer procedures. The second thing is to make it free – reduce all spot and futures trading fees to zero. I think Crypto exchange fees are too high. Isn't that what Robinhood did back then?"

Previously, Bitmart announced it would cease operations, stopping all trading services on August 26. MSX.COM founder Bruce subsequently expressed interest in acquiring it.

South Korean Pension Fund Turns Net Buyer of KOSPI for First Time This Year, Heavily Positions in SK Hynix

Odaily reports that according to Korea Exchange data, pension funds, including the National Pension Service (NPS), one of the largest institutional investors in the South Korean stock market, turned net buyers of the KOSPI for the first time this month. Data from the Korea Exchange shows that as of July 24, the NPS and other pension funds have accumulated a net purchase of 68.4 billion won (approximately $46.8 million) in KOSPI index constituents so far in July. This marks the first monthly net purchase by pension funds this year after six consecutive months of net selling. By individual stock, SK Hynix was the most bought stock by pension funds since July, with net purchases reaching 425.8 billion won. (Jin Shi)

Industry News

Number of Co-signers for NVIDIA's "Open-Weight Model" Open Letter Doubles to 50, Google Joins

Odaily reports that on July 24, NVIDIA CEO Jensen Huang posted on social media, sharing a letter titled "Open Weights and U.S. AI Leadership," calling for promoting the development of open-weight AI models. The letter originally posted by Jensen Huang contained 25 co-signatures. Now, the number of co-signers has increased to 50, doubling in number.

OpenAI is one of the 25 new institutions added. Other new institutions include Google, AMD, Cisco, Cloudflare, GitHub, Block, and Ollama. However, Anthropic and Amazon have never appeared on any version of the list, and their absence is the most noteworthy detail. (Jin Shi)

OpenAI, Anthropic Reportedly Lobbying to Block Chinese Open-Source Models

Odaily reports that multiple informed sources reveal that OpenAI and Anthropic have held closed-door communications with U.S. regulators in Washington, attempting to push for stronger restrictions on open-source models. This debate, originally about technical approaches, has escalated into a battle over industry rule-making power. Open-source models lower the barrier for enterprises and developers to use advanced AI technology, and have also helped Chinese models rapidly gain global users. Overseas developers and enterprises can directly download, modify, and deploy these models without paying high API call fees.

This has also put competitive pressure on OpenAI and Anthropic. Both companies are expressing concerns to U.S. regulators about the development of Chinese open-source models, hoping the Trump administration will tighten restrictions on them.

Simultaneously, they continue to emphasize the potential security risks of advanced AI models. The companies believe that as model capabilities approach or even surpass human levels, if model weights are completely open, any organization could download, modify, and deploy them, potentially increasing the risk of misuse.

OpenAI has previously stated publicly that it hopes to establish a government-led AI safety evaluation system, implementing mandatory safety tests for some advanced models. Anthropic has repeatedly stressed that open-source models may lower the threshold for the proliferation of dangerous capabilities, therefore requiring stricter management measures. (STAR Market Daily)

SK Hynix Q2 Profit May Hit Record, Combined Profit of South Korea's Memory Duo Could Exceed 150 Trillion Won

Odaily reports that SK Hynix will announce its second-quarter results on the 29th. Following Samsung Electronics, SK Hynix's second-quarter profit this year is also expected to hit a new high. According to reports compiled by South Korean financial information provider Yonhap Infomax from 14 brokerages over the past month, SK Hynix's second-quarter revenue and operating profit are expected to be 84.0597 trillion won and 64.0899 trillion won respectively. The second-quarter operating profit forecast is about 17 trillion won higher than last year's full-year operating profit of 47.2 trillion won. Combined with the first-quarter operating profit of 37.6103 trillion won, SK Hynix's operating profit for the first half alone will exceed 100 trillion won.

Earlier this month, Samsung Electronics also released a preliminary earnings report, with its DS division performing strongly, achieving an operating profit of 89.4 trillion won. If SK Hynix's results meet market expectations, the combined operating profit of the two companies in the second quarter will exceed 150 trillion won. (Jin Shi)

Samsung Electronics and SK Hynix to Advance Chip Cooperation Projects Worth 1,375 Trillion Won with Major U.S. Tech Companies

Odaily reports that SK Group will supply $750 billion worth of chips to U.S. tech companies including NVIDIA.

According to South Korean media Newsis, citing a presidential advisor, Samsung Electronics and SK Hynix will advance chip cooperation projects worth 1,375 trillion won with major U.S. tech companies.

Additionally, market sources indicate that Samsung Electronics has signed a memorandum of understanding with Broadcom for a five-year, $20 billion advanced memory chip foundry agreement.

Since 2019, Medium to Long-Term Performance of Newly Listed Stocks Has Generally Underperformed the Broader Market

Odaily reports that Frank Chaparro, Head of Strategic Communications at GSR, posted a chart from Apollo Global Management on X regarding IPO investment returns. The chart shows the market-adjusted average return of U.S. IPO stocks within three years of listing from 1980 to 2024. The results show that the medium to long-term performance of IPO stocks generally underperforms the broader market, with this phenomenon being particularly pronounced between 2019 and 2024.

Frank Chaparro commented, "Participating in IPOs has been a losing bet since 2019."

Robinhood in Talks with Crypto.com for Prediction Market Partnership

Odaily reports that Robinhood is in talks with Crypto.com regarding a prediction market business partnership. If the deal is reached, prediction markets offered by Crypto.com would be integrated into Robinhood, allowing users to participate in Crypto.com's prediction markets via Robinhood.

Robinhood has primarily relied on partners like Kalshi, Interactive Brokers' ForecastEx, and Rothera to offer prediction market contracts. This move could lead to more direct competition between Robinhood and Kalshi. (WSJ)

Binance Research: Gen Z is the Largest User Group for Binance Equity-Related Products, Contributing $80 Billion in Trading Volume

Odaily reports that Binance Research stated on X that 30% of Gen Z start investing in early adulthood. Gen Z is also the largest user group for Direct Stocks, bStocks, and TradFi-Perps products on the Binance platform, having contributed a cumulative $80 billion in trading volume to these products.

Project Updates

Hyperliquid's "Priority Fee" Mechanism Has Generated $5 Million in Revenue, Estimated Annualized Revenue Could Grow to $50-100 Million

Odaily reports that GLC Research stated on X that Hyperliquid's "Priority fees" mechanism has been highly successful, generating over $5 million in cumulative revenue to date.

Based on 14-day and 30-day averages, the annualized buyback scale supported by this revenue has exceeded $30 million, accounting for approximately 7% of HYPE's total revenue. Considering the "priority fee" is still in a very early stage, this figure is expected to continue growing, with the annualized scale potentially reaching $50 million to $100 million by the end of the year.

Storj Labs Files for Chapter 11 Bankruptcy Reorganization, Business to Continue Operations

Odaily reports that Storj Labs, the parent company of decentralized cloud storage project Storj, announced it has voluntarily filed for Chapter 11 bankruptcy reorganization to address historical debts and continue operations.

Storj Labs stated that business will continue as usual during the reorganization without interruption to customer services, and plans for the restructured company to be owned by management, the community, STORJ token holders, and investors.

Storj, founded in 2014, is a decentralized storage network where users can provide cloud storage services to global clients by sharing their idle hard drive space, incentivized and paid for using STORJ tokens.

DeFi Aggregator Odos to Cease All Services on July 30, Routed Over $104 Billion in Trades

Odaily reports that the team behind decentralized trading aggregator Odos stated that the company operating the platform is gradually winding down operations, and all services will cease on July 30, 2026. The Odos application will enter read-only mode on July 27, allowing users to view balances and history but not execute new trades. Odos stated the platform never directly custodied user funds; assets connected via external wallets like MetaMask, Rabby, or hardware wallets remain controlled by user private keys. Users who created wallets within Odos via Google, Apple, or email login must export their private keys or transfer assets to self-custodial wallets before July 30. Odos was spun off from The Graph contributor Semiotic Labs in 2022, routing over $104 billion in trading volume across approximately 15 blockchain networks. Its monthly trading volume peaked at around $7.85 billion in December 2024 before declining to the hundreds of millions by mid-2026. The ODOS token continues to operate independently of this closure. The Odos DAO is independent of the operating company and stated it will announce plans later. The Odos team stated there will be no new products, token migration, token claims, or airdrops, and warned users to be wary of related scam information.

Dango Announces Shutdown, Trading to Suspend on July 29 and L1 Network to Close on August 13

Odaily reports that DeFi platform Dango announced it will end project operations. The team stated that due to various reasons, they could