24H Hot Coins & Headlines｜SK Hynix and Micron Stock Prices Plunge; Changxin Memory Over 6,000 Employees Receive Shares, Set to Create Wealth (July 14)
- Key Takeaway: The cryptocurrency market is under overall pressure, with BTC falling below 62,000 USDT and major coins declining broadly; geopolitical tensions escalate as the US-Iran conflict intensifies around the Strait of Hormuz, while US regulatory and inflation policy direction emerge as key variables.
- Key Factors:
- Major coins broadly decline: BNB down 1.30%, BTC down 2.55%, ETH down 1.98%, SOL down 2.63%, market sentiment remains weak.
- Geopolitical conflict escalates: The US military strikes Iran for the third consecutive night, and Iran declares the Strait of Hormuz impassable, triggering a global risk-off sentiment in energy and assets.
- Macro policy risk: Fed Governor Waller states that if inflation remains persistently high, interest rate hikes could be necessary in the near term; the market awaits Tuesday's CPI report for direction.
- 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.
- Price divergence: ALL0 leads with a 21.80% gain, ZEC posts a notable 7.91% decline, and meme coins like irlguys appear among the trending hot list, indicating persistent speculative demand.
1. Popular Tokens on CEX
Top 10 CEX Trading Volume and 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-Stock 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 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 or 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 transportation to compensate for security costs. (Jin Shi)
Over 6,000 Employees Receive Shares; ChangXin Memory Technologies IPO Poised to Create Wealth
ChangXin Memory Technologies' prospectus shows that two employee stock ownership plans were implemented before the IPO, cumulatively 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, with a planned fundraising of 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, SK Hynix's ADR decline once widened to 9.9%, hitting an intraday low.
Micron Technology Share Decline Widens to 7.2%, Trading at $908.73
Micron Technology's share price 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 plunged 8.6% in early trading.
Industry News
Iran's Persian Gulf Straits Authority: Strait of Hormuz is Impassable
Iran's Persian Gulf Straits 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 predetermined schedule, 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 strikes on Iran, aiming to make the Iranian military pay a price and weaken its ability to attack commercial shipping in the Strait of Hormuz. (Jin Shi)
BTC Drops Below 62,000 USDT, 24H Decline 3.34%
OKX market data shows BTC has dropped below 62,000 USDT, currently trading at 61,996.3 USDT, with a 24-hour decline of 3.34%.
Waller Sets the Significance of Tuesday's CPI: Hot Inflation Would Support a Near-Term Rate Hike
Federal Reserve Governor Christopher Waller said that if future data shows inflation remains well above the 2% target, the Fed may need to raise interest rates in the near term. Current monetary policy is at a "crossroads," with the direction to be determined by Tuesday's CPI report. (Jin Shi)
Patrick Witt, Executive Director of the White House Cryptocurrency Council, stated that this week is a "critical week" for the advancement of the CLARITY Act. This coincides with the crypto industry commemorating the one-year anniversary of the GENIUS Act becoming law. Progress on the bill will impact the market structure and regulatory certainty for digital assets.
Project Highlights
According to market sources, Jito Network plans to use all revenue share from JTX to buy back and burn JTO from the secondary market to reduce circulating supply. The plan will last for at least one year.
Data: Robinhood Chain DEX Volume Reaches $3.1 Billion in First Week
Bernstein statistics show that Robinhood Chain's total DEX trading volume in its first week after going live on July 1 was approximately $3.1 billion, ranking it among the top five blockchains globally by DEX volume. It attracted 65,000 users, with approximately $300 million in on-chain stablecoins and an additional $13 million in tokenized stock assets deployed on the chain. (The Block)
Jupiter Launches On-Chain Pokémon Cards
Jupiter, a Solana ecosystem DEX, has launched the Jupiter Gacha beta version, allowing users to purchase authentic, graded Pokémon and One Piece cards and trade them on-chain. Each card draw corresponds to a physical card and its on-chain token, bridging physical collectibles with on-chain liquidity. (The Block)
Notable Voices
David Hoffman, founder of Bankless, stated that despite ongoing geopolitical tensions, oil prices remain low. This may mean the importance of the Strait of Hormuz is being permanently diminished, as the market turns to other routes to reduce dependence on this passageway.
CZ explained the reason for recently burning Meme coins from his wallet. Because he had not checked the wallet in a long time, he found the number of tokens was excessive and cluttered the software display. He believed sending them to the burn address (0x000...dEaD) was more direct and effective than sending them to his own address.
