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According to CNBC, SpaceX has erased more than $1.2 trillion in market value since its June peak of $225.64, and the stock fell more than 1% on Monday to close at $113.50 after dropping in 13 of the last 16 sessions. Traders bought 106,000 calls and 77,000 puts Monday, with $442 million in premium tied mostly to puts, while the most active contract was the 330-strike call expiring Friday.
Four of the five biggest trades by premium were neutral or bullish, including two large put-spread sales and a trade that collected $1.8 million by selling 5,200 of the 100-strike puts expiring Oct. 16 and buying 7,000 of the 85-strike puts with the same expiry. SpaceX is set to release its first earnings report since its initial public offering, and investors will then be able to sell 20% of their eligible locked-up stock, or up to 911.5 million shares, on Aug. 6. Charles Moon of Prosper Trading Academy said it is early for investors and that Wall Street is punishing AI stocks for capex, while adding that the lock-up on SpaceX may not be as bad as some fear.

SpaceX stock (SPCX) closed near $115 last week, about 15% below its $135 June 12 debut price. The move leaves IPO buyers underwater, according to BeInCrypto, and comes ahead of SpaceX’s first earnings report on August 4 and a large share unlock on August 6.
About 911.5 million shares could become tradable after results, while a second 455.8 million-share batch will not unlock unless the stock closes 30% above the IPO price on five of 10 days ending on the earnings date.

South Korean People Power Party lawmaker Kim Eun-hye is exploring the possibility of filing a state compensation lawsuit over investor losses tied to Samsung Electronics and SK Hynix single-stock leveraged ETFs. According to PANews, fellow party lawmaker Na Kyung-won also called for a full investigation into public losses and said state compensation should be considered, while urging an inquiry through a parliamentary investigation and a special prosecutor into the process by which the products were introduced.
The dispute centers on a May 27 decision by South Korea's Financial Services Commission to allow the launch of single-stock leveraged products tracking twice the daily moves of Samsung Electronics and SK Hynix. After the products were listed, funds flowed in rapidly, and mechanical rebalancing amplified stock price volatility. By June 25, 14 such products had net assets of 16.28 trillion won and daily trading volume of 14.48 trillion won.

Binance Wallet announced on X that $CXMT is now live on Binance Wallet Perpetuals. The token can be traded with up to 20x leverage. The announcement states that leverage can amplify both profits and losses, and it advises traders to conduct their own research on liquidation risk, manage position size carefully, and avoid trading with funds they cannot afford to lose.

According to the announcement from Binance, the exchange will discontinue mainnet support for Sophon (SOPH) and open deposits and withdrawals for the token on the Ethereum (ERC20) network. At 2026-08-04 08:00 (UTC), deposits and withdrawals of Sophon (SOPH) via the Sophon mainnet will be suspended. Binance said users should allow enough time for deposits to be fully processed before that time. After the migration is completed, the Sophon mainnet will no longer be supported for deposits and withdrawals. Spot, Margin, and Futures trading, as well as Binance Earn services, will not be affected during the migration. Binance also said it will handle all technical requirements for users involved in the event.
Sophon (SOPH) will be migrated from its mainnet to the Ethereum (ERC20) network at a 1:1 ratio. Binance identified SOPH as the token involved in the contract swap and said the new token’s smart contract address is SOPH. The announcement did not provide any additional changes to trading services or other product functions beyond the migration details and the suspension of mainnet deposits and withdrawals.

According to the announcement from Binance, the exchange will open trading for the U/USD spot trading pair and enable Trading Bots services for the pair at 2026-07-30 08:00 (UTC). The update is aimed at expanding the list of trading choices available on Binance Spot and improving users’ trading experience. The newly added services include Spot Algo Orders for U/USD, with both features scheduled to begin at the same time. USD is identified in the notice as a fiat currency and not a digital currency. The announcement also states that access to the new trading pair will depend on eligibility based on the user’s country or region of residence, and users must complete account verification before participating in trading. The notice further says that the list of restricted countries or regions may be updated over time to reflect legal, regulatory, or other relevant changes.

South Korean domestic investors returned to U.S. stocks as weakness in the local market continued, with net buying this month topping 5 trillion won. According to Jin10, data from the Korea Securities Depository's Seibro portal showed domestic investors in South Korea bought a net $3.58999 billion of U.S. stocks from July 1 to 27, about 5.5 times June's full-month net buying.
Net buying was $2.53026 billion through July 23, then increased by $1.05973 billion over the next two trading days. Retail funds were mainly concentrated in semiconductors and technology stocks. The most net-bought product this month was the Direxion Daily Semiconductor Bull 3X ETF, which tracks the Philadelphia Semiconductor Index, with net buying of $1.75919 billion. SK Hynix ADRs also remained popular, with net buying rising to $812.38 million by July 27.

According to Yonhap, South Korea's Korea Exchange (KRX) activated a marketwide circuit breaker for the benchmark Korea Composite Stock Price Index (KOSPI) on Tuesday after a sharp sell-off in tech shares. Trading of KOSPI-listed shares was halted for 20 minutes after the index fell more than 8% from the previous session's close at around 10:14 a.m. The benchmark came under heavy pressure as investors dumped semiconductor stocks over skepticism about major tech companies' heavy spending on artificial intelligence (AI). It was the seventh time this year that the KRX has triggered a circuit breaker.

A selloff in chipmakers deepened as mounting doubts over returns from billions of dollars of AI spending rippled through semiconductor stocks from Wall Street to Asia, with bonds gaining as oil retreated, according to Bloomberg.
SK Hynix slumped as much as 13% and Samsung Electronics fell up to 12%, dragging South Korea's KOSPI down 10%. The two were the biggest losers in the MSCI Asia Pacific gauge, which slipped 3.3% and was set for a correction. Japan's Nikkei 225 and Taiwan's benchmark fell over 4%. Nasdaq 100 futures slid as much as 0.8%.
Union Bancaire Privee managing director Vey-Sern Ling said greed has turned into fear for AI-related semiconductor stocks, with investors interpreting every piece of news negatively rather than critically analyzing fundamentals.
Brent fell another 2.1% to about $86.50 a barrel as the US paused strikes against Iran and Trump said there's a "good chance" of an Iran deal. Treasury yields declined two basis points to 4.63%.
E*Trade's Chris Larkin said geopolitics and oil are the biggest wild cards this week. Nvidia's debt protection cost surged amid AI deals worth more than $750 billion. ASML and Japanese chip-equipment makers Nikon and Tokyo Electron each slid more than 9% on a report that a Chinese state-backed firm began mass producing lithography machines.
Vantage Global Prime's Hebe Chen said doubts over AI spending, returns and valuations are still deepening. Pepperstone strategist Dilin Wu said the bar is extremely high, with beating estimates no longer guaranteeing a pop.
Citadel Securities expects the Fed to raise rates this week, a surprise move that would strengthen Chairman Kevin Warsh's credibility. The firm's Frank Flight said the market may be underestimating the hawkish shift, and a hike would emphatically end the forward guidance era.

Oil risk premiums fell after Iran and the United States paused attacks, but Iran may find it difficult to give up control of the strait, and logistics and downstream supply remain tight. According to Jin10, unless the peace agreement makes major progress, oil losses are likely to be quickly recovered by a new escalation.

According to CNBC, the 60-day correlation between South Korea’s Kospi and the Nasdaq 100 recently rose to about 0.50, its highest level since 2021, as artificial intelligence spending links U.S. technology giants and Korean memory chipmakers. Samsung Electronics and SK Hynix now account for more than half of the Kospi, and analysts said the market is increasingly acting as a semiconductor gauge. Rolf Bulk of Futurum Group said the correlation has risen because the Kospi has become a semiconductor index, while Jung In Yun of Fibonacci Asset Management said Samsung and SK Hynix give investors the first liquid market reaction to overnight developments affecting global AI demand. The article said the Kospi fell more than 8% on July 13 after SK Hynix dropped 15%, while the Nasdaq 100 ended 1.88% lower; Micron Technology fell 4%, Sandisk lost 12% and Intel declined 6%.

Citi said its base case shows India’s gold imports will remain weak in the third quarter, even though the third quarter is historically a seasonal stocking season. According to Jin10, the bank still set its 0- to 3-month short-term gold target at $4,500.
The bank said the target assumes easing tensions in the Strait of Hormuz and a less hawkish Federal Reserve; it also said short-term risks remain, including a major re-escalation, AI-driven de-risking, and a continued hawkish stance from the Fed.

London spot gold rose above $4,100 an ounce on July 27, up more than 1% intraday, while WTI and Brent crude futures at one point fell as much as 8% after news that the United States had suspended military strikes on Iran, according to Jiemian News. Gold had been consolidating since June and recently traded around $4,000 an ounce before breaking higher. Market participants said near-term U.S.-Iran tensions remain the main driver for gold, while rising-rate trades are nearing their limit and oil has shifted from a suppressive factor to one of several influences on prices.

Bitcoin regained some poise after slipping to Asian session lows, trading around $63,500 after touching $63,065 in Asia and remaining down 0.3% since midnight UTC and nearly 3% over the past 24 hours. Nasdaq e-mini futures fell to 27,930, their lowest since May, while South Korea’s Kospi dropped 10% and NVDA shares fell nearly 5%, according to CoinDesk, underscoring broader risk aversion in equity markets.

Gold declined ahead of a potentially divisive US interest-rate decision later this week, as a fragile pause in Middle East hostilities eased inflation concerns, according to Bloomberg.
The move came as traders weighed the outlook for a possible rate hike and its implications for bullion.

Stocks on Wall Street were mixed on Monday as oil prices tumbled and Treasury yields fell after the United States and Iran paused strikes over the weekend, halting two weeks of attacks, according to RTHK.
The move raised hopes of a diplomatic solution that could ease tensions and allow shipping to resume through the Strait of Hormuz, though investors remained cautious as the conflict stayed elevated. U.S. President Donald Trump said on Monday the United States was having "good talks" with Iran and that there was a chance of a deal, but added that U.S. strikes would resume if negotiations failed. Jeff Klingelhofer, managing director at Aristotle Pacific Capital in Newport Beach, California, said markets were still struggling to find an off-ramp to the war and lower oil prices.
US crude fell 8.2 percent to US$81.98 a barrel and Brent dropped 9.31 percent on the day to US$87.77 per barrel. The yield on benchmark US 10-year notes fell 3.03 basis points to 4.65 percent from 4.68 percent late on Friday.
Among major indexes, the Dow Jones Industrial Average rose 262 points, or 0.5 percent, to 52,210. The S&P 500 gained 1 point, or 0.02 percent, to 7,413.22, while the Nasdaq Composite fell 43 points, or 0.2 percent, to 24,932.
The US Federal Reserve is expected to hold rates steady when its two-day meeting ends on Wednesday, though traders see a risk of a hike. Fed funds futures are pricing in 38 percent odds of a hike on Wednesday and an 83 percent probability of an increase by September. Edward Jones senior analyst Brian Therien said a hold is the most likely outcome, though dissenting votes in favour of a hike are possible.
Investors are also watching corporate earnings, with roughly one-third of S&P 500 companies due to report this week. Results from Microsoft, Amazon.com, Meta and Apple will be a key test of the AI trade, while negative cash-flow reports from Alphabet and Tesla last week and Chinese chipmaker CXMT's stock market debut added to market concerns.

U.S. stocks closed mixed on Monday, with the Dow Jones Industrial Average up 0.5% in preliminary results, the S&P 500 up 0.02%, and the Nasdaq down 0.18%. According to Jin10, Micron Technology fell 2%, SanDisk dropped 11%, Nvidia declined 5%, SK Hynix fell 7.5%, Apple rose 1%, and its market value approached $5 trillion. The Nasdaq Golden Dragon China Index closed up 2.5%, with NetEase rising 3.5% and Alibaba gaining 2.5%.

According to Hyperinsight, WTI crude continues to give back the geopolitical risk premium it had previously gained. According to BlockBeats On-chain Detection, the WTI-mapped contract on Hyperliquid (xyz:CL) was last priced at $80.91, down 5.2% over the past 24 hours and 13.4% from its July 24 peak of $93.44, putting it close to the $80 level again.
A whale address starting with 0x60a8 has emerged as one of the main beneficiaries of the decline. It is currently holding a 2x isolated short position of 171,900 CL contracts, with a position value of about $13.91 million, an average entry price of $91.57, and a liquidation price of $133.53. The position is showing an unrealized profit of about $1.833 million, a return of roughly 23.3%, and no additional buy or reduce orders have been placed.
In the market, the United States has paused military strikes on Iran, while Iran has also stopped retaliatory action. Expectations of easing tensions and a gradual recovery in Middle East energy transport have risen, further pressuring oil prices and reducing the risk premium.
The CL contract has recorded about $320 million in 24-hour trading volume, while the notional value of open interest stands at about $161 million.

China's ultra-long-dated bonds strengthened sharply as the benchmark 30-year government bond futures contract rose to an intraday high of 115.18 yuan on July 27, the highest level in nearly eight months, according to 36Kr. Market participants said the move reflected momentum built during a low-volatility period, softer fundamentals, repeated disappointments in reflation bets, China's central bank support for liquidity, and a repricing of compression in ultra-long-end term spreads. They added that the next leg will depend on whether longer-term buyers can take over from trading accounts, given elevated fund duration and government bond supply pressure that has yet to fully play out.

According to Yonhap, South Korea's benchmark KOSPI plunged 10.84% on Tuesday as investors dumped technology shares on growing doubts about the outlook for large-scale artificial intelligence infrastructure spending. The index lost 732.09 points to close at 6,023.66 after touching an intraday low of 5,830.39, and the bourse operator activated a marketwide circuit breaker at 10:14 a.m. to halt trading of KOSPI-listed shares for 20 minutes. It was the lowest close since April 14, when the KOSPI ended at 5,967.75.
The selloff followed overnight losses on Wall Street, where the PHLX chip index fell 2.2% amid skepticism over tech giants' heavy AI spending. Trading volume totaled 324.2 million shares worth 33.69 trillion won ($23 billion), with foreign investors net sellers of 4.97 trillion won. Samsung Electronics dropped 13.39% and SK hynix slid 14.65%, while Hyundai Motor fell 9.68% and Kia lost 6.6%. The Korean won strengthened to 1,462.5 against the U.S. dollar as of 3:30 p.m., up 6 won from the previous day. Bond prices rose, pushing the three-year Treasury yield down 3.6 basis points to 3.829% and the benchmark five-year government bond yield down 4.9 basis points to 4.068%.

Oil prices mostly extended their decline even as risks in the Red Sea intensified. According to Jin10, Iran and Oman are seeking an agreement to reopen the Strait of Hormuz after temporarily cooler U.S.-Iran hostilities spurred diplomatic efforts, and the Caspian Pipeline Consortium terminal has resumed pipeline loading operations after a one-week suspension. Saudi Arabia said it intercepted drones fired by Iranian-backed Iraqi militias at oil facilities. Goldman Sachs data showed Gulf crude flows have fallen to 41% of prewar levels, while Red Sea crude transport dropped by more than 3 million barrels per day over the past week.

Elon Musk said he plans to give away nearly his entire fortune after Nobel Prize-winning economist Daron Acemoglu challenged him to back his AI claims with money. According to BeInCrypto, Acemoglu proposed Musk donate his roughly $1 trillion fortune to charity no later than 2036, with an impartial body choosing the charities. Musk replied on X: “I am actually going to do something along these lines!” He gave no timeline, amount or charitable vehicle. Musk’s wealth has also been falling, with Forbes putting his net worth at $695.7 billion on July 27.

Australia’s S&P/ASX 200 index closed up 45.90 points, or 0.52%, at 8,939.90 on July 28, Tuesday. According to Jin10, the benchmark finished the session at 8,939.90 points.

E Fund ChiNext 50 ETF Huaan (159949) had turnover of 18.51% and traded 4.214 billion yuan as of 2:47 p.m. on July 28, 2026, while its benchmark ChiNext 50 Index fell 8.27%. Jiemian News reported that the ETF received a net subscription of 729 million yuan the previous day and saw subscription shares rise to nearly 2.3 billion shares intraday on July 28.
Wind data cited in the article showed that all A-share ETFs recorded net inflows of 69.781 billion yuan last week, including 55.179 billion yuan into stock ETFs and 53.308 billion yuan into broad-based ETFs. The article also quoted China Securities Co. Ltd. saying A-shares have a long-term upward trend and no systemic risk, while U.S. stocks face higher systemic bubble risk. It said E Fund ChiNext 50 ETF Huaan is the largest and most liquid fund tracking the ChiNext 50 Index and that the index has more than 28% exposure to CPO and lower-valued new energy stocks, with batteries and solar accounting for more than 35% and Contemporary Amperex Technology Co. Ltd. making up more than 16% of the weight.

Crypto KOL Phyrex said on X that U.S. investors are using increasingly higher leverage to chase stock market highs. According to Odaily, net credit balances in U.S. brokerage accounts fell by about $70 billion in June to negative $1.061 trillion, a record low.
At the same time, margin debt rose by about $86 billion to $1.53 trillion, marking a third straight monthly increase and another record. Phyrex said the worsening net credit balance indicates smaller cash buffers and greater reliance on borrowing for stock positions. He added that leverage is spread across the brokerage system, with rising prices releasing more financing capacity and weak markets potentially forcing investors to add cash or sell shares.

India’s software stocks are on track for their biggest monthly outperformance versus global chipmakers, according to Bloomberg. The move suggests investors are rotating out of the artificial intelligence trade and into beaten-down information technology names.

Gold rose on Monday as a sharp drop in oil prices eased inflation concerns and pressured the U.S. dollar and Treasury yields. According to ChainCatcher, ING analysts said the move followed a pause in hostilities between the U.S. and Iran, while weaker oil prices improved the outlook for non-yielding assets.
Markets are now focused on the Federal Reserve and upcoming U.S. inflation data for further guidance on the rate outlook. ING said gold should continue to find support near current levels if yields remain subdued.

Global asset pricing is being shaped by weaker crude oil, a stronger U.S. dollar, employment data, and risks around the Strait of Hormuz. According to Jin10, these factors are influencing global asset pricing.

Three people familiar with the matter said on Tuesday that Saudi Aramco is considering a new pricing mechanism for crude loaded at Egypt's Sidi Kerir port and shipped to Asia to reflect higher transport costs from longer voyages caused by Red Sea export diversions. According to Jin10, Saudi Aramco had not immediately responded.

Asian equities are set for a mostly weaker open after a selloff in chipmakers dragged US stocks lower, while oil extended losses, according to Bloomberg.
The move points to pressure on regional risk assets as investors digest the weaker lead from Wall Street.

Traders drove strong demand over the first weekend of CME Group's around-the-clock gold futures launch. According to Jin10, the launch marked the first weekend for the 24/7 gold futures product.

Zhongji Innolight Co. raised HK$53.4 billion ($6.8 billion) after pricing its Hong Kong listing below the top of the range, according to Bloomberg.
The deal is the city’s biggest first-time share sale in seven years.

Mercedes-Benz Group AG reported resilient carmaking profits that beat expectations even as deliveries fell amid a slump in China, where a prolonged property downturn is hurting consumer sentiment, according to Bloomberg.
The company said cost cuts helped support results.

China’s main stock indexes closed lower on Tuesday, with the Shanghai Composite Index down 44.93 points, or 1.16%, at 3,813.31. According to Jin10, the Shenzhen Component Index fell 639.05 points, or 4.52%, to 13,509.68; the CSI 300 dropped 132.9 points, or 2.83%, to 4,569.52; the ChiNext Index lost 263.76 points, or 7.35%, to 3,327.03; and the STAR 50 Index declined 114.47 points, or 6.33%, to 1,693.48.

Micron Technology (MU.O), Western Digital (WDC.O), and SK Hynix (SKHY.O) each fell more than 2% in after-hours U.S. trading. According to Jin10, the declines were recorded after the market close.

The Philippine central bank intervened in a small way last week to defend the peso as the currency weakened to a record low, according to Bloomberg.
Bangko Sentral ng Pilipinas Governor Eli Remolona said the action was limited, without giving further details.

US technology stocks were poised to decline as a global selloff in semiconductor shares deepened, with concern over artificial intelligence spending adding to pressure from rising competition out of China, according to Bloomberg.

According to Jin10, WTI crude oil futures fell 2.5% to $80.54 per barrel, the lowest level since July 20.

Barclays reported second-quarter pretax profit of £3.25 billion, total income of £8.34 billion and net interest income of £3.92 billion on July 28, according to Jiemian News. The bank said return on tangible equity was 16.1% and its common equity tier 1 capital ratio stood at 14.3%. Fixed income, currencies and commodities revenue came in at £1.47 billion, equities revenue at £1.26 billion and investment banking fees at £747 million.
For the first half, Barclays paid an interim dividend of £0.059 per share, up from £0.030 a year earlier, and announced a £2.3 billion capital distribution plan that includes a £1 billion share buyback. The bank also raised its 2026 group revenue target to about £31.5 billion from about £31 billion and said it remains committed to its 2026 and 2028 financial goals, including a 2028 target of return on tangible equity above 14%.

Safran raised its 2026 revenue growth outlook to mid-teens growth from low to mid-teens growth. According to Jin10, it also raised its 2026 recurring operating profit outlook to 6.4 billion euros to 6.5 billion euros from 6.1 billion euros to 6.2 billion euros.