Compute Spending Keeps Rising, Revenue Realization Becomes the Key Test

Circle will hold a closed-door meeting in Seoul on July 23, inviting senior executives from Korean banks, exchanges, and payment firms to further solidify its market position in South Korea. This follows the CEO's visit to the country and local partnerships, occurring amid the stablecoin legislative process and intensifying competition for the Korean Won stablecoin, drawing significant market attention.

With over 324 million users in 9 years, Binance is always committed to enabling the free flow of all assets for everyone.

Past is prologue? Or is it different this time?

NOXA's total protocol fees have exceeded $13.44 million, as Pump.fun's hundred-person team loses to a single individual.

After the short-term pullback, how far can this market trend really go?

This week, BTC is in a "descending consolidation extension" phase on the daily timeframe, with the short-term outlook dominated by sideways consolidation. The key focus remains on the tug-of-war between the $64,700 resistance and the $60,950 to $62,000 support range. Medium-term short positions should be maintained at around 20%. Meanwhile, HYPE has confirmed resistance near $72.97. The key for this week is to observe the end of the "endpoint 62" adjustment and whether the rebound can reclaim the $72.97 level. If it fails, strategy should shift to building short positions on rallies.

The more BTC accumulates, the weaker the stock price becomes.

No matter how AI develops, humans will always make trades themselves.

What investors need to watch is: if the KOSPI finds support at current levels, the capital from the 'spillover effect' into the crypto market could retreat just as quickly.

This summer, South Korea's true national team suffered a collapse faster than its football squad.

Adam Back's Blockstream is struggling to raise funds in the capital markets.

KIS simultaneously lowered its 2026 and 2027 earnings forecasts by 9% and 11%, respectively, but maintained its target price of 3.8 million won, stating the revision is merely a correction of LTA assumptions, not a fundamental deterioration.

Extreme undervaluation and accumulation signals define a bottoming range, not a bottoming moment. What June confirmed was a preliminary, not a final, exhaustion of sellers. A bear trap can explain a tactical rebound, but it cannot define a cyclical bottom.

A resilient ecosystem relies on the continuous generation of new nodes, new forms of collaboration, and new builders.

Therefore, the most noteworthy aspect of SATA is not the "13% daily distribution to account," but rather that it splits the balance sheet of a BTC treasury company into two tranches: common stock holders absorb residual volatility, while preferred stock holders receive priority cash flows, while also bearing the company's credit risk, perpetual duration, financing channel risk, and BTC valuation risk.