24H Hot Coins & Headlines｜CXMT Listed Today; BitMart Announces Ceased Operations (July 27)

1. Hot CEX Tokens

CEX Top 10 by Trading Volume & 24H Change:

• BTC: +1.17%
• ETH: +3.62%
• DEXE: -24.32%
• SOL: +2.19%
• VANA: -1.25%
• ZEC: +3.57%
• SHIB: -1.72%
• PEPE: +6.14%
• BNB: +0.57%
• DOGE: +0.96%

24H Gainers (Data source: OKX):

• KAITO: +16.63%
• BOME: +15.89%
• PEOPLE: +14.66%
• MET: +12.79%
• PUMP: +12.33%
• IRYS: +11.32%
• LQTY: +9.36%
• AAVE: +9.08%
• MERL: +8.19%
• CFG: +8.16%

24H Crypto-Equity Gainers (Data source: msx.com):

• EBON: 6.44%
• MPU: 2.44%
• INDI: 2.16%
• AMRK: 1.88%
• BLNK: 1.85%
• BRUN: 1.66%
• SIMO: 1.44%
• QUIK: 1.34%
• FIGR: 1.34%
• ALMU: 1.23%

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

• Solana: CATE, Jimothy
• BSC: FUGUI, DCA

Headlines

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

Odaily Odaily reports that ChangXin Memory Technologies will officially list on the STAR Market, with an IPO price of 8.66 yuan per share. Based on the average increase of 278.01% for all new stocks, the profit per lot for ChangXin Memory Technologies is approximately 12,000 yuan. Based on the average increase of 466.67% for STAR Market new stocks, the profit per lot for ChangXin Memory Technologies is approximately 20,200 yuan. Institutions noted that the new stock sector has recently seen a阶段性 rebound, with panic sentiment dissipating. Looking at the changes in the current new stock cycle indicators, the cycle pricing indicators and sentiment indicators have basically fallen back to neutral or slightly below-neutral levels within the year. The sharp release of high-level risks may be coming to an end, and the new stock sector may be poised to begin fluctuating games with a relative balance between bulls and bears. However, it is important to note that a return to strength for the new stock sector may take more time; on the one hand, it requires waiting for cycle indicators to continue converging and stabilizing, and on the other hand, it may require waiting for the gradual narrowing of the divergence between bulls and bears. (Jinshi)

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

Odaily Odaily reports that BitMart posted on platform X, stating that after a careful evaluation of its operational status, market environment, and future strategic direction, it has decided to cease the operation of its trading platform in an orderly manner. 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. The platform's operations will officially terminate on January 31, 2027, at 15:59 UTC. Withdrawal services will remain open.

BitMart also advised all users to close their positions, complete KYC, and withdraw their assets as early as possible.

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

Odaily Odaily reports that BitMart Global CEO Nenter Chow posted on platform X, stating that on July 24, he was informed that his position as Global CEO would be terminated, and the exit process started immediately.

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

Nenter Chow indicated that his current primary concerns are the safety of BitMart user assets and employee arrangements, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

MSX Founder: If Acquiring BitMart, Will Make Spot and Futures Trading Fees Free

Odaily Odaily reports that MSX.COM founder Bruce posted on platform X, stating, "If I were to acquire BitMart, the first thing would be to complete the transfer procedures, and the second thing would be to make it free, reducing all spot and futures trading fees to zero. I think the fees for crypto exchanges are too high. Isn't that what Robinhood did back then?"

Previously, Bitmart announced it would cease operations, halting all trading services on August 26. Subsequently, MSX.COM founder Bruce posted indicating his intention to acquire it.

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

Odaily Odaily reports that data from the Korea Exchange shows that pension funds, including the National Pension Service (NPS), one of the largest institutional investors in the Korean stock market, turned net buyers in the Korean stock market 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 since the beginning of July this year. This is the first monthly net purchase by pension funds this year after six consecutive months of net selling. Looking at individual stocks, SK Hynix was the most bought stock by pension funds since July, with a net purchase amount reaching 425.8 billion won. (Jinshi)

Industry News

Number of Co-Signers for NVIDIA 'Open-Weight Model' Open Letter Doubles to 50, Google and Others Join

Odaily Odaily reports that on July 24, NVIDIA CEO Jensen Huang posted on social media, sharing a letter titled "Open Weight and American AI Leadership," which calls for promoting the development of open-weight AI models. The original letter posted by Huang contained 25 co-signatures. The number of co-signers for this letter has now increased to 50, doubling the count.

OpenAI is one of the 25 newly added institutions, along with Google, AMD, Cisco, Cloudflare, GitHub, Block, and Ollama. However, Anthropic and Amazon have consistently been absent from any version of the list, and the absence of these two companies is the most noteworthy detail within the list. (Jinshi)

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

Odaily Odaily reports that according to sources familiar with the matter, OpenAI and Anthropic have held closed-door meetings with US regulators in Washington, attempting to push for stricter restrictions on open-source models. This debate, originally a technical route argument, has now escalated into a struggle for the power to set industry rules. Open-source models lower the barrier for enterprises and developers to use advanced AI technology and have also helped Chinese models quickly 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. The two companies are expressing concerns to US regulators about the development of Chinese open-source models, hoping the Trump administration will strengthen restrictions on them.

Simultaneously, they continue to emphasize the potential safety risks of advanced AI models. The companies believe that as model capabilities approach or even surpass human levels, if model weights are fully open, any organization can download, modify, and deploy them, 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 emphasized that open-source models could lower the threshold for the proliferation of dangerous capabilities and therefore require stricter management measures. (STAR Market Daily)

SK Hynix Q2 Profit Could Be Record-Breaking, Combined Profit of Korean Memory Duo Could Exceed 150 Trillion Won

Odaily Odaily reports that SK Hynix will announce its second-quarter performance on the 29th. Following Samsung Electronics, SK Hynix is also expected to hit a new record high in profitability for the second quarter of this year. According to reports compiled by Yonhap Infomax over the past month from 14 securities firms, 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 the full-year operating profit of 47.2 trillion won last year. Combined with the first-quarter operating profit of 37.6103 trillion won, SK Hynix's operating profit for the first half of the year 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 performance meets market expectations, the combined operating profit of the two companies for the second quarter will exceed 150 trillion won. (Jinshi)

Samsung Electronics and SK Hynix to Push Forward Chip Cooperation Project Worth 1,375 Trillion Won with Major US Tech Companies

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

According to a report by the Korean media outlet Newsis citing a presidential advisor, Samsung Electronics and SK Hynix will advance a chip cooperation project worth 1,375 trillion won with major US tech companies.

Additionally, market sources suggest that Samsung Electronics has signed a Memorandum of Understanding (MoU) with Broadcom for a five-year, $20 billion advanced memory chip foundry agreement.

Since 2019, Mid-to-Long Term Performance of Newly IPO'd Stocks Has Generally Underperformed the Market

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

Regarding this, Frank Chaparro stated: "Since 2019, participating in IPOs has been a losing bet."

Robinhood in Talks with Crypto.com for Prediction Market Collaboration

Odaily Odaily reports that Robinhood is in discussions with Crypto.com regarding a prediction market business partnership. If the partnership materializes, prediction markets offered by Crypto.com will be integrated into Robinhood, allowing Robinhood users to participate in Crypto.com's prediction markets.

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

Binance Research: Gen Z is the Largest User Group for Binance Stock-Like Products, Accumulating $80 Billion in Trading Volume

Odaily Odaily reports that Binance Research posted on platform X, stating that 30% of Gen Z start investing in early adulthood. Gen Z is also the largest user group for Binance's direct stock-linked products, bStocks, and TradFi-Perps, collectively contributing $80 billion in trading volume to these products.

Project Updates

Hyperliquid 'Priority Fees' Mechanism Generates $5 Million in Revenue, Annualized Revenue Expected to Grow to $50-100 Million

Odaily Odaily reports that GLC Research posted on X, stating that Hyperliquid's "Priority fees" mechanism has been a huge success, having generated over $5 million in cumulative revenue so far.

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 fees" mechanism is still in its very early stages, this figure is expected to continue growing, with the annualized scale of this revenue 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 Odaily reports that Storj Labs, the parent company of the decentralized cloud storage project Storj, has announced it has voluntarily filed for bankruptcy reorganization under Chapter 11 of the US Bankruptcy Code to resolve historical debts and continue operations.

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

Founded in 2014, Storj is a decentralized storage network that allows users to provide cloud storage services to global clients by sharing their idle hard drive space, incentivized and paid for using the STORJ token.

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

Odaily Odaily reports that the team behind Odos, a decentralized trading aggregator, stated that the company operating the platform is winding down operations, with all services ceasing 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 that the platform never directly custodied user funds; assets connected via external wallets like MetaMask, Rabby, or hardware wallets remain under the user's private key. Users who created wallets within Odos via Google, Apple ID, or email need to export their private keys or transfer assets to a self-custodial wallet before July 30. Odos was spun off from The Graph contributor Semiotic Labs in 2022 and has routed over $104 billion in trading volume across approximately 15 blockchain networks. Its monthly trading volume reached about $7.85 billion in December 2024 before declining to a few hundred million dollars by mid-2026.