Will CRCL plummet, or will the crypto industry once again become a neglected sector in the US?

This week, Microsoft, Meta, Apple, and Amazon will report their earnings. The market's focus is on whether AI spending can drive revenue and profit growth, and to examine the effectiveness of capital expenditures. Simultaneously, the Fed's interest rate decision will impact tech stock valuations, making earnings and policy direction the center of market attention.

Multiple long-dormant Bitcoin whale wallets, inactive for years, conducted concentrated transfers in July, drawing market attention. Some addresses have realized significant profits, fueling market concerns over potential selling pressure. However, these moves could also represent portfolio rebalancing or security upgrades. Whether on-chain anomalies will impact the market's future direction remains to be seen.

Once CXMT obtains stable domestic production expansion tools, DRAM supply will inevitably increase. The impact on Samsung and SK Hynix won't just be on next quarter's profit figures, but on the long-term premium for "scarcity + pricing power" that supports their market capitalizations.

The current competition is not for today's marginal revenue, but to see which company can be the first to control the fund flow data of the agent economy over the next five to ten years once it fully matures.

"Selling your winners is like cutting off the flowers to water the weeds."

Tokenized stocks are advancing on three fronts, but liquidity is being torn apart both vertically and horizontally.

A closed loop of "borrowing money to buy chips, selling chips to repay debt" is being rejected by the bond market. The Korea KOSPI index circuit-breaker triggered for the 8th time this year, wiping out 320,000 retail investor accounts. Meanwhile, Apple has reclaimed the title of the world's most valuable company by market cap with the lowest capital expenditure. This is not just a fluctuation in individual stocks; it marks the end of the underlying assumption that "capital is forever cheap."

DTCC listing, proprietary trading platform, 70% market share – what is the real catalyst?

更早、更广的价格发现有价值，也有代价

The single-stock leveraged ETFs hastily introduced by Korean financial authorities have triggered a crisis for retail investors. Due to extreme stock market volatility and the inherent risks of the products' “negative compounding” structure, a large number of retail investors who chased price drops and added margin are facing severe losses, typically exceeding 50%.

While Alphabet and Tesla faced stock price declines after increasing spending and reporting earnings, Apple’s "capital discipline" has instead earned it a certainty premium, propelling it back to the top of the throne.

Trump’s “self-protection” clause is draining the final window of opportunity.

SWIFT’s shared ledger represents the traditional financial system proactively adopting blockchain technology, aiming to reconstruct the future global settlement infrastructure through tokenized deposits and institutional-grade digital networks.

The credit market begins to ask who is backing the expansion of AI infrastructure.

Several listed companies have abandoned their Bitcoin reserve strategies, with plunging stock prices forcing strategic adjustments.