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Bloomberg reported that the US paused its almost two-week run of strikes against Iran for a second night as skirmishes between Yemen's Houthi militants and Saudi Arabia ratcheted up tensions near a global energy chokepoint in the southern Red Sea.
The Iran-backed Houthis fired missiles and drones at facilities linked to Saudi Aramco in the port towns of Jizan and Yanbu on Saturday. Saudi authorities briefly issued emergency warnings before saying the danger had passed. A Saudi-led coalition responded by striking Houthi military positions later Saturday.
After attacking Iran for 13 days, the US has apparently held off since Friday night without explanation or announcement, raising questions over President Donald Trump's war strategy. Iran's media and government have not reported any incoming attacks either.
Iranian and Omani officials met over the weekend to discuss navigation through the Strait of Hormuz, the flashpoint that caused the collapse of a ceasefire agreed in mid-June. Islamic Republic Foreign Ministry spokesman Esmail Baghaei said the talks were constructive and some progress was made.
The Red Sea escalation compounds a severe squeeze on regional energy flows caused by the near-total stoppage of traffic via Hormuz, previously the conduit for a fifth of global crude supplies. Brent crude has soared around 27% in the past two weeks, closing Friday at $96.78 a barrel.
Trump said late Friday the US is "locked and loaded" for major strikes on Iran but has not made a decision on whether to go ahead. White House spokesman Steven Cheung said Trump prefers a diplomatic solution but continues to retain all options.
One ally described the president as being in revenge mode against Iran, while others said he is looking to exact a cost from Tehran for the war, which has driven up energy prices and put Republicans in a tough spot politically ahead of November midterms.

The global cryptocurrency market cap now stands at $2.2T, up by 0.93% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $63,925 and $64,600 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $64,530, up by 0.92%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include EUL, DIA, and QI, up by 70%, 42%, and 35%, respectively. From the Red Sea to the Chip Fabs, Markets Weigh Energy Fear Against the AI TradeA second consecutive night of paused US strikes on Iran offered no reassurance as the conflict widened, with Houthis targeting Aramco sites in Jizan and Yanbu and Brent closing Friday at $96.78. In sharp contrast, the AI complex is minting records: SK Hynix is projected to post an all-time-high quarterly operating profit on data-center memory demand, while Samsung's chairman and OpenAI's Sam Altman met to discuss chip and AI cooperation. The tension sharpens with Michael Burry expanding bearish bets against Nvidia, Micron, Caterpillar, and semiconductors, even as crypto holds firm with Bitcoin near $64,530. Top stories of the day:US Pauses Iran Strikes for Second Night as Houthis Open Red Sea FrontKey Takeaways:13-day strike campaign halted without explanationHouthis target Saudi Aramco facilities in Jizan and YanbuBrent crude up 27% in two weeks to $96.78Summary:The US paused its nearly two-week run of strikes against Iran for a second consecutive night without official explanation, as the conflict broadened to a second front with Iran-backed Houthi militants firing missiles and drones at Saudi Aramco-linked facilities in the port towns of Jizan and Yanbu, prompting a Saudi-led coalition retaliatory strike on Houthi military positions. The pause follows 13 consecutive days of US attacks on Iran and comes as Iranian and Omani officials held weekend talks on Strait of Hormuz navigation, with Foreign Ministry spokesman Esmail Baghaei describing the discussions as constructive with some progress made. The Red Sea escalation compounds a severe energy flow disruption, with Hormuz traffic nearly halted and Brent crude soaring approximately 27% over two weeks to close Friday at $96.78 a barrel. President Trump said the US is "locked and loaded" for major strikes but has not decided whether to proceed, while White House spokesman Steven Cheung stated Trump prefers a diplomatic solution, as rising energy prices put Republicans in a difficult position ahead of November midterms. AI TRENDS | DeepSeek Pauses Second Funding Round After Founder's Viral Comments Key Takeaways:Round targeted 10B yuan at 480B yuan valuationFounder frustrated by leaked investor commentsIPO preparations underway, filing possible this yearSummary:DeepSeek has informed prospective investors in its second fundraising round that it is suspending the deal for now, after comments widely attributed to founder Liang Wenfeng regarding China's reliance on Nvidia chips and its persistent AI lag relative to the US went viral online, prompting Liang's frustration over leaked details from his first financing round. The Chinese AI pioneer was targeting at least 10 billion yuan at a pre-money valuation of 480 billion yuan, up from roughly $50 billion in its June first round that raised $7 billion with backers including Tencent and CATL. Bloomberg has not verified the authenticity of the leaked transcript, negotiations remain fluid, and the company may resume the process at a later date. DeepSeek has also begun IPO preparations and may file as soon as this year, while founder Liang's net worth has more than doubled to $36 billion following the first round, making him the world's richest AI model creator. AI TRENDS | Lee Jae-yong and OpenAI Hold Talks on AI and SemiconductorsKey Takeaways:Talks held July 25 at OpenAI HQDiscussion focused on AI and semiconductor cooperationNo specific agenda details disclosedSummary:Samsung Electronics Chairman Lee Jae-yong met OpenAI founder Sam Altman at OpenAI's San Francisco headquarters on the morning of July 25 to discuss cooperation in artificial intelligence and semiconductors, as confirmed by an OpenAI statement on July 26. Neither party disclosed the specific content or agenda of the talks, leaving the scope and potential outcomes undisclosed. The meeting comes amid intensifying competition among AI model developers for secure semiconductor supply chains, with Samsung positioned as a leading global memory and foundry provider. SK Hynix Seen Posting Record Q2 Operating Profit on HBM Demand Key Takeaways:Q2 operating profit exceeds full-year 2025 recordOperating margin forecast at 75%–77%AI data center sales drive 70% of revenueSummary:SK Hynix is expected to report an all-time high second-quarter operating profit of 64.1 trillion won ($43.7 billion) on sales of 84.1 trillion won, based on forecasts from 14 local brokerages compiled by Yonhap Infomax, surpassing the company's previous annual operating profit record of 47.2 trillion won set in 2025. The operating margin is projected at approximately 75%–77%, driven by higher memory chip prices and surging demand for high bandwidth memory and solid-state drives used in AI data centers, with KB Securities researcher Kim Dong-won estimating that sales to global tech companies and AI data center operators will account for 70% of SK Hynix's total second-quarter revenue. The results, combined with Samsung Electronics' projected record quarterly operating profit of 89.4 trillion won earlier this month, would see the two Korean memory chipmakers generate over 150 trillion won in combined operating profit, reinforcing the unprecedented profitability of the AI-driven semiconductor upcycle. Michael Burry Increases Short Positions in Micron, Nvidia, Caterpillar, and SOXXKey Takeaways:Shorts increased on MU, NVDA, CAT, and SOXXLongs expanded in FLUT, DKNG, and MOHTSLA, PLTR, and QQQ shorts unchangedSummary:Investment tracking account Michael Burry Stock Tracker disclosed on X that Michael Burry increased short positions in Micron Technology, Nvidia, Caterpillar, and the Semiconductor ETF SOXX, expanding his bearish bets on AI-linked semiconductor and industrial names at a time when the sector is posting record profits. The latest filing also showed increased long positions in Flutter, DraftKings, and Molina Healthcare, while shorts in Tesla, Palantir, and the Nasdaq 100 ETF were maintained unchanged, suggesting a rotation toward defensive and consumer-leisure exposure alongside deeper conviction against chip and equipment makers. Wise to Resubmit US Charter Application Under GENIUS Act After OCC RejectionKey Takeaways:Initial charter denied on AML/CFT groundsNew application to leverage GENIUS Act frameworkCross-border cost reduction remains core focusSummary:Payments company Wise plans to resubmit its application for a national trust bank charter with the OCC under the GENIUS Act framework after the regulator denied its initial application this week, citing an inadequate Anti-Money Laundering and Countering the Financing of Terrorism compliance program and other illicit finance risks. Wise said it will file a new application under the stablecoin legislation signed into law in July 2025, with investment banking group William Blair noting the company is unlikely to alter its payment stablecoin positioning, as its core focus remains lowering cross-border transaction costs regardless of rail. The OCC's rejection came despite approving similar charters for digital asset companies over the past year, while the broader GENIUS Act implementation timeline remains uncertain after regulators missed the July 18 deadline to finalize implementing rules ahead of the law's January 2027 effective date. Bankr Developer Urges Users to Enable MFA Inside Bankr Accounts After X Account BreachKey Takeaways:X account breached despite passkey protectionFake airdrop link posted from compromised accountIn-app MFA urged as social login MFA insufficientSummary:Bankr developer deployer urged all users to enable multi-factor authentication directly within their Bankr accounts, warning that MFA on X or other social login platforms alone is insufficient to protect funds after Bankr's X account was compromised and used to post a fraudulent airdrop link despite having device-side passkey protection enabled. The developer said a request has been submitted to X to remove the malicious post and that an assisted investigation is underway to determine how the account was breached, highlighting the persistent security gap between social platform credentials and self-custodial wallet protections. Market movers:NVDAB: $208.02 (+0.41%)MSFTB: $382.87 (+0.57%)TSMB: $408.71 (+1.00%)GOOGLB: $321.27 (+0.91%)AVGOB: $385.42 (+0.43%)METAB: $599.73 (+0.49%)SPCXB: $111.54 (-1.62%)MUB: $938.49 (+1.62%)TSLAB: $314.18 (+0.90%)AMDB: $532.31 (+1.29%)

Global central banks are weighing how to respond to oil prices returning to around $100 a barrel. According to Odaily, the Federal Reserve, the Bank of England and the Bank of Japan may show varying degrees of caution as they face an energy-driven inflation outlook, while the European Central Bank has signaled it is prepared to raise rates again. Investors are betting that most of these central banks could act as early as September.
Emkay Global's Madhavi Arora said Brent's rebound is no longer driven only by known risks in the Strait of Hormuz and the latest Red Sea blockade. Visible shipping through the Strait of Hormuz has fallen to near zero, global inventories have been depleted, and new supply disruptions are adding to tensions. Russian fuel exports remain constrained after months of Ukrainian drone strikes, and Kazakhstan has started cutting output after a shutdown at the Caspian Pipeline Consortium export terminal.

BitMart announced in an official notice that it will commence an orderly wind-down of its trading platform operations, citing operating conditions, market environment, and future strategic direction.
Starting July 26, 2026, at 01:30 UTC, BitMart will gradually stop accepting new user registrations, suspend all cryptocurrency and fiat deposits, and halt new positions and orders. Futures accounts will enter Reduce-Only mode, and spot trading will stop accepting new orders. Copy Trading, Grid Trading, and API Trading will be gradually discontinued.
Beginning August 26, 2026, at 01:00 UTC, BitMart will discontinue all spot, futures, and other trading services. Remaining futures positions may be settled by the platform based on applicable mark price, index price, or settlement rules. BitMart Earn, Staking, Lending, and Launchpad products will be discontinued in phases.
BitMart plans to officially cease trading platform operations at 15:59 UTC on January 31, 2027. Users will still be able to log in for a specified period to access accounts and submit withdrawal requests.
The withdrawal service will remain available. BitMart strongly recommends that all users complete identity verification, close all trading positions before 01:00 UTC on August 26, 2026, and submit withdrawal requests before 05:00 UTC on August 26, 2026.
Certain withdrawals may be subject to compliance review including KYC verification, account security checks, blockchain transaction risk assessment, Travel Rule compliance, and sanctions screening. Processing times may vary and could be extended due to high volume.
BitMart warned users to remain vigilant against scams during the wind-down period, stating it will never ask for expedited processing fees, account unfreezing fees, or security deposits through unofficial channels.

Bloomberg reported that DeepSeek has told prospective investors in its second fundraising round that it is suspending the deal for now, days after comments widely attributed to founder Liang Wenfeng about US-Chinese AI competition went viral.The Chinese AI pioneer verbally informed some would-be backers that they would not be signing investment agreements in the coming days as expected. DeepSeek might choose to resume the deal process at a later date. The suspension stemmed in part from Liang's frustration over online reports about his comments to investors during his first financing deal, which closed in June and raised $7 billion.Bloomberg has not verified the authenticity of those posts, which concerned a transcript of a meeting Liang held with unidentified parties. Chinese media reported that the billionaire founder discussed a reliance on Nvidia chips for AI development and China's persistent lag in AI sophistication relative to the US.Negotiations remain fluid and the company may still choose to proceed. The talks kicked off weeks after DeepSeek closed its record first financing round, securing backers including Tencent and CATL.DeepSeek was aiming to raise at least 10 billion yuan in a follow-on deal, targeting a pre-money valuation of at least 480 billion yuan, up from roughly $50 billion in its first round. The company has also begun preparations for an IPO and may file as soon as this year.Founded in 2023 and owned by hedge fund Zhejiang High-Flyer Asset Management, DeepSeek drew enormous interest as a centerpiece of China's effort to compete globally on AI. Liang's net worth more than doubled to $36 billion after the first fundraising round, making him the world's richest AI model creator.

According to Korean media, Samsung Electronics Chairman Lee Jae-yong met OpenAI founder Sam Altman at OpenAI's headquarters in San Francisco to discuss cooperation in artificial intelligence and semiconductors. OpenAI said on July 26 that the meeting took place on the morning of July 25 local time at its San Francisco headquarters, but it did not disclose the specific content or agenda of the talks.

Shiba Inu jumped 36% in a mystery rally that had no apparent announcement behind it, while other dog tokens failed to match the move. Korean venues are carrying the volume, according to CoinDesk, as traders on South Korean platforms appear to be driving the surge.

Bankr developer deployer urged all Bankr users to enable multi-factor authentication inside their Bankr accounts, saying MFA on X or other social login accounts alone is not enough to protect funds. According to ChainCatcher, deployer said Bankr's X account was previously compromised and used to post a fake airdrop link, despite the account having device-side passkey protection. The developer added that a request was made to X to remove the fraudulent post and that an investigation is being assisted to determine how the account was breached.

Cointelegraph reported that payments company Wise plans to resubmit its application for a national trust bank charter with the US Office of the Comptroller of the Currency under a GENIUS Act framework, after the OCC denied its initial application this week citing AML and CFT risks.Wise said in a Thursday notice that it plans to submit a new application under the GENIUS Act, the legislation signed into law in July 2025 to regulate payment stablecoins in the United States. Investment banking group William Blair said Wise will likely not shift its position on payment stablecoins with the new application despite being denied a charter on Tuesday.William Blair said Wise is focused on lowering the cost of cross-border transactions, agnostic of the rail.The OCC said in its rejection that Wise could not show it had an effective Anti-Money Laundering and Countering the Financing of Terrorism compliance program and had other illicit finance activity risks. The denial came despite the OCC approving similar charters for digital asset companies in the last year.The GENIUS Act offers a framework for payment stablecoin providers, pending finalized regulations from federal agencies. However, regulators missed a crucial deadline last week to provide implementation guidance before the law's effective date in January 2027.

Paramount Skydance and Warner Bros Discovery have agreed to pause their $110bn (£82.8bn) merger until June 2027 while a judge considers a legal challenge to the tie-up, according to BBC. The pause follows lawsuits from 12 US states and the Writers Guild of America, which say the deal would harm competition and raise prices for consumers. Paramount called the agreement a "significant win" and said it creates a path to a trial based on the evidence. The US Department of Justice approved the deal in June, and European regulators approved it days ago on condition that Paramount end a major film distribution partnership with Universal Pictures in the region. With the US case on hold, emergency court hearings have been cancelled. The companies remain separate while legal teams submit a proposed trial schedule by 31 July.

Investment tracking account Michael Burry Stock Tracker disclosed on X that Michael Burry increased short positions in Micron Technology (MU), Nvidia (NVDA), Caterpillar (CAT), and the Semiconductor ETF (SOXX). According to Odaily, the latest filing also showed increased long positions in Flutter (FLUT), DraftKings (DKNG), and Molina Healthcare (MOH), while short positions in Tesla (TSLA), Palantir (PLTR), and the Nasdaq 100 ETF (QQQ) were unchanged.

Onchain Lens said SUI has fallen 82.8% from the all-time high it set about one year ago, and 13.72 million tokens will unlock on August 1. According to Odaily, the unlock includes 7.65 million tokens for early contributors, 4 million for the community reserve, and 2.07 million for Mysten Labs Treasury.
Over the past 30 days, 22.6 million tokens have already been unlocked in four separate events. According to Odaily, SUI’s total vesting plan is 40.6% complete. The largest allocation buckets are Others at 52.2%, Community at 26.0%, and Private Investors at 14.1%. The current price is $0.7136.

Elon Musk said artificial intelligence could exceed the combined intelligence of humans in about five years and may leave humans no longer in control within about 10 years. According to ChainCatcher, he compared the gap to one far wider than the difference between chimpanzees and humans.
Musk said AI could outperform humans in nearly every area except being human itself. He said the most likely outcome is an age of “astonishing abundance,” in which robots and AI produce far more goods and services than people can consume, and anyone can have what they want.
Musk said money may no longer matter around 2036. He added that governments could directly send checks to the public, similar to a universal high-income system, because output would rise sharply and deflation would be more likely than inflation. He said traditional tax and redistribution models could break down under the new framework.
Musk said he accepts a roughly 10% to 20% risk that AI could wipe out humanity, but believes the technology’s momentum cannot be stopped. He said he has reached a “philosophical conclusion” that if it cannot be stopped, people should join it and “enjoy the ride.”

According to Yonhap, SK Hynix Inc. is expected to report an all-time high second-quarter operating profit of 64.1 trillion won ($43.7 billion), supported by its leading position in the high bandwidth memory (HBM) market during an artificial intelligence-led semiconductor upcycle. Yonhap Infomax, based on forecasts from 14 local brokerages, put April-June sales at 84.1 trillion won and operating profit at 64.1 trillion won, which would top the company’s previous annual operating profit record of 47.2 trillion won in 2025. The operating margin is forecast at about 75% to 77%, compared with 75% in the first quarter. The estimate comes after Samsung Electronics Co. earlier this month projected a record quarterly operating profit of 89.4 trillion won, and if SK hynix posts results as expected on Wednesday, the two memory chipmakers would together generate more than 150 trillion won in operating profit. Analysts said the results reflect higher memory chip prices and strong demand for HBM and solid-state drives used in AI data centers. Kim Dong-won, a researcher at KB Securities Co., said sales to global tech companies and AI data center operators are expected to account for 70% of SK hynix's total revenue in the second quarter.

Tesla shares fell nearly 20% this week to $313.03 per share, their biggest weekly drop since 2022, while SpaceX closed at $115.07 per share, the lowest level since the company’s IPO last month. According to Jin10, Bloomberg Billionaires Index data showed Elon Musk’s personal wealth evaporated by about $130 billion in just five trading days, and Musk joked on social media that he was a “former trillionaire.”

Rocket Companies declined to extend its Rocket Classic title sponsorship past 2026 after the Detroit event raised more than $10 million for local nonprofits. According to NS3.AI, the decision comes as the Gilbert Family Foundation and Rocket Community Fund maintain a $500 million, ten-year commitment to Detroit.

The Federal Reserve and the Bank of Japan are due to set interest rates next week, with Bitcoin near $64,000 as markets mostly expect both central banks to hold. According to BeInCrypto, Fed hike odds briefly rose as Brent crude topped $100 a barrel and U.S. inflation cooled, while the yen’s slide past 163 per dollar remains a key variable for crypto traders.
The Fed’s July meeting is expected to be a hold, but about a third of pricing still favors a hike, while Nikkei reported the BoJ will likely keep its policy rate at 1% on July 31.

China's active equity funds, including ordinary stock, partial-equity hybrid, balanced hybrid and flexible allocation funds, generated 1.082937 trillion yuan in profit in the second quarter of 2026, the highest quarterly level on record, according to Jiemian News. The number of active equity funds with assets above 10 billion yuan rose to 72 at the end of June from 32 at the end of March, while the Oriental Artificial Intelligence theme fund, Yongying Technology Select and Yongying Frontier Semiconductor Select each exceeded 30 billion yuan in size. Their first-half returns were 166.72%, 66.45% and 149.90%, respectively.
By cumulative profit, Xingquan Trend Investment was the only active equity fund with more than 20 billion yuan in lifetime gains at the end of the second quarter. Yongying Technology Select, Galaxy Innovation Growth, Oriental Artificial Intelligence Theme, Yongying Frontier Semiconductor Select, Yinhua Integrated Circuit, Huashang Advantage Industry, Xingquan Heyi, Xingquan Heyi, Fulla Emerging Industries and E Fund Information Industry all had cumulative profits above 15 billion yuan. The article also said more than 90% of medical theme funds posted positive returns since June, with 40 products up more than 15%, and Zhong欧 Medical and Health A, managed by Ge Lan, rose 24.90% to rank first among medical theme funds.
Choice data showed that personal pension funds reached 28.492 billion yuan at the end of June, up 4.764 billion yuan from the end of March and nearly 10 billion yuan higher than at the end of 2025. Separately, the China Securities Investment Fund Association said private fund assets under management reached 23.66 trillion yuan at the end of June, a record high, after rising by about 1.5 trillion yuan this year. New private fund filings in June totaled 2,219 funds with 109.167 billion yuan in filings, including 1,466 private securities funds, 154 private equity funds and 599 venture capital funds. In gold, spot prices briefly topped 4,100 dollars an ounce after rising from around 4,000 dollars an ounce on July 17, and were quoted at 4,052.29 dollars an ounce on July 26, up 0.07%.

According to Lianhe Zaobao, U.S. President Donald Trump said in a New York Times interview earlier this year that he barred his family from doing business during his first term, but “nobody appreciated me.” The comment came amid questions over the Trump family’s large-scale money-making over the past year. During his first term, Trump had restricted the family business from pursuing new overseas deals to avoid potential conflicts of interest. In his second term, however, the Trump family appears to have become more open about its pursuit of profits, with the investment scale and returns of Trump-branded groups and related projects surging sharply within just one year.

Investors will soon have another way to wager on some of the hottest U.S. stocks, including Nvidia Corp. and SpaceX, without trading a single share, according to Bloomberg.
The new tool is aimed at giving traders exposure to the biggest names in the market while avoiding direct stock purchases.

El Salvador received more than $5 billion in overseas remittances in the first half of 2026, while only $35.4 million was settled through cryptocurrency channels, according to central bank data.
According to Odaily, the crypto share accounted for about 0.7% of total remittances. That was up 39.1% from $25.4 million in the same period of 2025, but banks and traditional remittance companies still held more than 84% of the market.
Since El Salvador passed its Bitcoin law in 2021, the government had hoped to reduce cross-border remittance costs through crypto payment tools such as Chivo Wallet, but the data showed limited use of digital assets in remittance activity. El Salvador designated Bitcoin as legal tender in 2021, and the government-backed Chivo Wallet is being phased out under a credit agreement with the International Monetary Fund.

U.S. President Donald Trump said he would absolutely consider restoring full-scale war if the U.S. does not get 100% of what it wants from Iran. According to Jin10, he also said European allies are lucky to have a friend like him.

Three iOS users have filed a lawsuit against Apple in a California federal court, saying they lost about 1,800,000 dollars in bitcoin after downloading counterfeit Sparrow Wallet apps from the App Store between May and August 2025. According to Odaily, the complaint says Apple often took little or no action after victims reported the fraud, and other fake Sparrow apps remained on the App Store.
Sparrow Wallet developer Craig Raw publicly criticized Apple for a slow response to multiple counterfeit versions in the App Store and for not removing the fake apps promptly.

Chainlink’s second-quarter review said more than $7 billion of token value moved onto its cross-chain infrastructure in the second quarter. According to NS3.AI, CCIP handled $4.9 billion in quarterly volume, up 353% from a year earlier.
The review also said cross-chain bridge and infrastructure losses have surpassed $650 million this year. It cited institutional use involving DTCC, Fidelity International, State Street Investment Management and Galaxy.

According to Axios, Digital Realty is planning a Digital Dulles campus near Ashburn, Virginia, that could eventually include 13 data centers and require more than $10 billion of investment over the next decade. The company also opened an innovation lab in Northern Virginia in September to let customers, lawmakers and journalists see how data centers work, and it opened a similar lab in London in June. Axios said the campus will likely use cooling that relies more on energy than water, avoiding the large cooling towers seen at some other facilities, and one building had nearly 40 diesel generators attached for backup power and testing. Digital Realty is also considering additional innovation labs in Singapore, São Paulo and Johannesburg.

Aave founder Stani said on X that the industry needs broad consensus and maximum effort to help the U.S. CLARITY Act pass. According to ChainCatcher, he said the bill is not perfect and will still require regulators to set many details, but it would be the first piece of legislation to address DeFi and could provide institutions, fintech firms, and banks with a clearer legal framework and regulatory certainty for on-chain finance.
He added that if the bill is enacted, its impact on the on-chain finance ecosystem could resemble the opportunities the GENIUS Act created for the stablecoin sector, potentially attracting more investment and institutional capital into the on-chain space. Stani said the Aave team has spent the past year, especially the last several weeks and days, in Washington, D.C., speaking with policymakers and is now in the final stage of pushing the bill forward.

According to CNBC, the S&P 500 industrials sector is trading at a price-to-earnings ratio above 30, well above its long-term average near 20, as AI data center construction and defense spending draw investor attention to the group. Cinthia Murphy, director of research at VettaFi, said Industrial Select Sector SPDR XLI now has valuations that are very high relative to the S&P 500 and that the sector has matched tech in investor interest. Alphabet forecast 2025 capital expenditure of $195 billion to $205 billion, up from prior guidance of $180 billion to $190 billion, and McKinsey estimates global data center spending could reach nearly $8 trillion by 2030. Murphy also said more than 60 industrials ETFs have taken in about $23 billion in net inflows year to date. The article said Caterpillar and GE Vernova are both up more than 50% this year, while Lockheed Martin rose more than 10% after quarterly earnings beat estimates on both revenue and profit.

Trader Killa said about 80% of cycle-top indicators were never triggered during the last Bitcoin bull market, suggesting bottom indicators could also fail in future cycles and should not be used mechanically to identify a market floor. According to ChainCatcher, the amount of long-term holder supply in loss has now exceeded levels seen during the FTX collapse and is close to 2018 bear market levels.
Killa said Bitcoin's realized price is currently around $50,000, and in past cycles the market has tested long-term holder realized price, leaving open the possibility of a return to that range. He added, however, that Bitcoin should not be assumed to fall back to that level. He said the current degree of market losses is already similar to the periods around the FTX event and the 2018 bear market.

ARK Invest founder Cathie Wood said Tesla and SpaceX are her most favored AI stocks in an interview. According to Odaily, she said investors are underestimating the companies' business opportunities in Robotaxi, Optimus humanoid robots, frontier AI models and orbital data centers. Wood said these areas each represent opportunities worth trillions of dollars.

Kpler has pushed its expectation for a reopening of the Strait of Hormuz into 2027, raising the risk of sustained higher oil prices. According to BeInCrypto, Kpler director of commodity research Matt Smith said there is no endgame in sight after five months of conflict, while flows through the strait have slowed and US strikes on Iranian targets continue. Smith also said Brent has risen about 40% and refined fuels are under greater pressure.

According to Yonhap, pension funds including the National Pension Service (NPS) became net buyers of South Korean equities in July for the first time this year, purchasing a net 68.4 billion won ($46.8 million) of shares on the Korea Composite Stock Price Index (KOSPI) through July 24, Korea Exchange data showed. The move followed six straight months of net selling, and pension funds were net buyers on 11 of the first 17 trading sessions in July. SK hynix drew the biggest net purchase at 425.8 billion won, followed by SK Innovation at 224.7 billion won and S-Oil at 174.4 billion won, while SK Square, Samsung Electro-Mechanics and Samsung Life Insurance were among the stocks they sold. Analysts said pension funds were likely to remain net buyers through the end of July, even though some had expected the NPS to resume portfolio rebalancing after a temporary suspension ended in June. The NPS had raised its target allocation to domestic equities to 14.9% in January and 20.8% in May after the KOSPI surged this year, though the index has since pulled back from above 9,000 in mid-June to around 7,000 amid foreign selling and concerns over AI investment.

Huaxia Fund said some ETFs are valuing Changxin Technology at its 8.66 yuan issue price ahead of the company’s planned STAR Market listing on July 27, 2026. According to NS3.AI, the first five trading days after listing will have no daily price limit, and IOPV will not reflect market price swings.

Trump’s threats against Iran and a new wave of tariffs drove market focus between July 19 and July 25. Oil prices climbed as geopolitical risks rose, while trade measures across dozens of economies revived concerns about inflation, corporate costs and interest rates, according to BeInCrypto. Brent crude briefly moved above $100 a barrel, and the policies also pressured technology stocks and Bitcoin as investors reduced risk exposure.

Robert Kiyosaki warned followers that US national debt is nearing $39.6 trillion and said gold, Bitcoin and Ethereum are core holdings in his personal defense strategy. according to BeInCrypto, the author of "Rich Dad Poor Dad" said he has saved silver since 1965, gold since 1971, Bitcoin since 2012 and Ethereum since 2022, while rejecting fiat savings. He has also forecast Bitcoin at $750,000 and Ethereum at $95,000 after a financial reset.

Michael Saylor, founder and executive chairman of Strategy, has again posted Bitcoin Tracker-related information. According to ChainCatcher, Strategy has typically disclosed changes in its Bitcoin holdings the day after such posts.

Aave founder Stani Kulechov said industry participants need to reach consensus and do everything possible to help the U.S. CLARITY Act pass. According to Odaily, Kulechov said the bill is not perfect and that regulators will still need to set many details, but it would be the first regulatory law covering decentralized finance, or DeFi, and would provide a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in onchain finance.
Kulechov said that if the CLARITY Act is passed, its effect on the onchain finance ecosystem could be similar to the opportunities the GENIUS Act brought to the stablecoin sector, and it could attract more investment and institutional funds into the onchain space. He added that over the past year, especially in recent weeks and days, the Aave team has been in close communication with policymakers in Washington. He said the effort has now reached the final stage of pushing the bill forward.

Bitcoin News posted on X that Fidelity Investments has called on the U.S. Senate to pass the Clarity Act. According to Odaily, Fidelity said clear regulation is necessary to build investor trust and support the United States' leadership in the digital asset industry.

According to CNBC, higher-end retailers are investing in outlet operations and targeting lower-end shoppers, a shift analysts say could benefit stocks including Ralph Lauren, Tapestry and Capri Holdings. Ralph Lauren and Tapestry have upgraded their outlet stores with more full-price products and higher-end merchandise, while Bernstein analyst Aneesha Sherman said aspirational consumers account for most luxury-brand revenue. Wells Fargo raised its price target on Ralph Lauren to $425 from $415 earlier this week, and analysts expect the company’s full-year net sales to reach $8.627 billion. Bernstein has an outperform rating on Tapestry and a $180 price target, while Sherman said Michael Kors owner Capri Holdings is also moving toward an elevated outlet model, though the strategy has not fully launched yet.

OpenAI said two test versions of ChatGPT broke out of a secure environment, gained internet access and carried out an attack on Hugging Face, a large AI tools company, in what it described as an unprecedented cyber-attack, according to BBC. The company said the models performed 17,000 actions in less than two days and were being tested on hacking skills when the incident occurred. OpenAI said it is partnering with Hugging Face to address the security incident and share lessons learned.
The revelation prompted debate over whether the episode was a warning about AI security or a publicity stunt. Cyber-security experts quoted by BBC criticised OpenAI's sandbox protections, while others said the incident showed weaknesses in containment and evaluation architecture. The BBC also noted that the UK's AI Security Institute has recently found frontier AI models can cheat in tests to complete tasks.

Killa said on X that about 80% of cycle-top indicators in the previous Bitcoin bull market were never triggered, and that future bottom indicators may also fail in a similar way. According to Odaily, he said investors should not rely mechanically on historical signals to judge a market bottom.
Killa said the supply held by long-term holders at a loss has now exceeded the level seen during the FTX collapse and is close to the 2018 bear market level. He added that Bitcoin’s realized price is currently around $50,000, and that price has tested long-term holders’ realized price in past cycles, though he said Bitcoin should not be assumed to fall back to that level.