Blockonomi

Key Takeaways
SK Hynix ADRs gained 6.2% in premarket sessions, reaching $161.83 with a substantial 26% premium over Seoul-listed shares
Korean trading saw dramatic reversal, erasing a 9% morning decline following Monday’s steep 15% plunge
The memory chip maker secured $26.5 billion through its Nasdaq listing — a record for foreign companies entering U.S. markets
Current ADR valuation shows forward P/E of 5.71x versus Micron’s 6.55x, presenting relative value opportunity
Market strategists maintain optimistic outlook, projecting stabilization within 6–12 month timeframe
SK Hynix (SKHY) experienced significant turbulence throughout Tuesday’s trading. The company’s American depositary receipts advanced 6.2% during premarket hours to reach $161.83, while South Korean shares exhibited extreme volatility — plummeting nearly 9% at the opening bell before staging an impressive comeback to finish 3.7% higher at 1.913 million won ($1,279.90).
The disparity between these two markets reveals a compelling narrative. Given that 10 ADRs correspond to a single Korean share, the premarket ADR pricing suggests an equivalent valuation of $1,618.30 per share — representing a substantial 26% markup over what Seoul-based investors were willing to pay.
This turbulence stems from SK Hynix’s historic Nasdaq introduction last Friday. The semiconductor giant secured $26.5 billion via its ADR launch, establishing a new benchmark as the most significant U.S. market entry by any international corporation. Its ADRs soared nearly 13% during the inaugural trading session.
This robust debut sparked significant profit-taking when Korean markets reopened Monday, driving shares down 15%. The downturn continued into Tuesday’s early hours before market participants reversed course.
Domestic Korean retail traders had been aggressively accumulating SK Hynix positions throughout the year, frequently employing high-risk instruments like leveraged ETFs. This strategy amplified both the upward momentum and subsequent correction.
Understanding the ADR Premium Phenomenon
The 26% premium carries significant practical implications. ADRs frequently command higher valuations than their underlying securities due to elevated U.S. investor appetite and the complexities associated with arbitrage between different instruments.
From a valuation perspective, SK Hynix ADRs reflected a forward price-to-earnings multiple of 5.71x based on Monday’s closing figures, per FactSet data. Micron Technology (MU), the most comparable American competitor, commanded a 6.55x multiple. This differential has captured analyst attention, with many viewing the ADRs as an attractive gateway into the memory semiconductor sector.
Micron shares advanced 4.1% during Tuesday’s premarket session, though the broader semiconductor memory segment experienced headwinds — SanDisk (SNDK) tumbled 12.63% as market participants reevaluated sector-wide multiples.
Analyst Perspectives and Market Outlook
Notwithstanding recent price fluctuations, market analysts remain steadfast in their SK Hynix assessment.
Samsung Securities analyst Jongwook Lee cautioned against interpreting Monday’s decline as evidence of a memory cycle peak. He characterized prevailing market volatility as “a constant” phenomenon rather than an ominous indicator.
Daniel Yoo, serving as global strategist at Yuanta Securities, recognized that the dilutive effect from the ADR offering’s expanded share count contributed to selling pressure. Nevertheless, he anticipates SK Hynix will stabilize over the coming six to twelve months as market participants establish appropriate post-listing valuations.
SK Hynix’s ADRs have yet to accumulate formal Wall Street ratings. Among established U.S. memory chip manufacturers, Micron maintains a Strong Buy consensus rating with analysts forecasting 67% appreciation potential.
The broader South Korean equity market similarly rebounded Tuesday. The Kospi index reversed a 5% early-session deficit to conclude approximately 0.6% higher, with Samsung Electronics (SSNLF) providing critical support to the technology sector.
The post SK Hynix (SKHY) ADRs Surge 6% as U.S. Market Commands 26% Premium Over Korean Exchange appeared first on Blockonomi.

Key Takeaways
AppLovin shares plummeted 13% Monday, closing between $442 and $452, marking one of the S&P 500’s steepest declines.
Bank of America tracking data revealed approximately 750 new e-commerce pixels added in June, declining from May’s 950.
Total merchant count reached roughly 8,300, though growth momentum stalled following the June 22 platform expansion.
BofA analyst Dessouky reduced 2026 revenue projections by $130 million and 2027 estimates by $255 million.
The stock has declined 18.56% across five consecutive sessions; second-quarter results scheduled for August 5.
Shares of AppLovin experienced a significant downturn Monday, plummeting 13% to settle in the $442–$452 range, positioning the company among the S&P 500’s poorest performers for the session. This latest decline marks the fifth straight day of losses, accumulating to an 18.56% retreat during that span.
The catalyst behind the selloff came from a fresh Bank of America research note authored by analyst Omar Dessouky, who raised concerns about decelerating momentum in AppLovin’s e-commerce advertising division.
Leveraging Store Leads tracking data, Dessouky observed that AppLovin incorporated approximately 750 new pixels throughout June, representing a notable decline from May’s figure of 950. While the total merchant base expanded to roughly 8,300, weekly statistics haven’t shown significant acceleration since the platform became accessible to all e-commerce advertisers on June 22.
During the initial seven days following the comprehensive rollout, both installation and removal activity increased — suggesting advertisers were experimenting with the technology. However, with merely two weeks of available information, Dessouky exercised caution, emphasizing it’s premature to establish definitive trends.
The analyst additionally emphasized that initial platform testers haven’t likely produced substantial revenue contributions to date.
In efforts to engage smaller merchants who were previously excluded, AppLovin has deployed brand visibility campaigns across YouTube and Meta platforms. The organization simultaneously introduced a lead generation offering aimed at premium sectors including insurance and home services — industries traditionally dependent on Google and Meta for client acquisition.
Dessouky highlighted that insurance represents a high-lifetime-value segment where customer acquisition expenditures approximate 5x mobile gaming investments. This presents considerable opportunity should the platform secure meaningful adoption.
Bank of America Reduces Revenue Projections
While preserving his Buy recommendation and $705 price objective, Dessouky adjusted his financial forecasts downward. His 2026 revenue projection decreased by $130 million, now anticipating 15,000 general availability advertisers by year-end rather than the prior expectation of 20,000.
His 2027 revenue estimate received a $255 million reduction, although the model continues to project 55,000 advertisers by that year’s conclusion.
Dessouky characterized AppLovin’s current valuation as “reasonable” at 17x 2027 EBITDA, acknowledging that gaming operations could still deliver growth exceeding 20% annually. He cautioned that short-term headwinds may persist until more definitive adoption indicators materialize.
Broader market weakness compounded the situation. The Nasdaq declined 1.55% Monday, while the S&P 500 retreated 0.79% and the Dow Jones dropped 0.26%, as market participants digested escalating US-Iran geopolitical concerns.
Second Quarter Results Expected August 5
AppLovin is scheduled to unveil Q2 2026 financial results on August 5. Management has provided revenue guidance ranging from $1.915 billion to $1.945 billion, representing 52% to 54% year-over-year expansion from the $1.259 billion recorded in Q2 2025.
Adjusted EBITDA guidance spans $1.615 billion to $1.645 billion, translating to 58.6% to 61.6% annual growth.
Despite recent volatility, Wall Street sentiment remains predominantly optimistic. APP maintains a Strong Buy consensus rating on TipRanks, supported by 20 Buy recommendations versus one Hold. The consensus price target of $666.32 suggests approximately 50% appreciation potential from present trading levels.
The post AppLovin (APP) Stock Plunges 13% as Bank of America Warns of E-Commerce Slowdown appeared first on Blockonomi.

TLDR
Stock futures showed mixed direction Tuesday morning as traders prepared for major financial institution earnings and critical inflation figures
U.S. forces conducted a third consecutive night of military operations against Iran, while Trump reimposed a naval blockade in the Strait of Hormuz
Energy markets reacted with Brent crude climbing more than 2% to reach $84.78 per barrel
Five major financial institutions—JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, and Citigroup—release second-quarter results today
Tuesday brings June’s CPI report, with analysts forecasting annual inflation declining to 3.8%
U.S. equity futures displayed mixed signals Tuesday morning as market participants navigated a crowded calendar filled with major financial earnings, updated inflation metrics, and intensifying Middle East geopolitical concerns.
Nasdaq 100 futures advanced 0.22%, while S&P 500 and Dow Jones futures registered modest declines as of 1:30 a.m. EDT.
E-Mini S&P 500 Sep 26 (ES=F)
The previous trading session proved difficult for technology shares. The Nasdaq Composite tumbled 1.55% following SK Hynix’s 9.3% decline, which triggered weakness across memory chip manufacturers. The S&P 500 retreated 0.79% while the Dow slipped 0.26%.
Middle East Conflict Drives Energy Prices
U.S. military forces executed a third consecutive evening of strikes against Iranian targets Monday, focusing on infrastructure connected to attacks on commercial maritime traffic. President Trump simultaneously reimposed a naval blockade targeting Iranian vessels in the Strait of Hormuz and proposed a 20% fee for safeguarding commercial ships transiting the waterway.
BREAKING: President Trump says the US is reinstating its blockade of the Strait of Hormuz for Iranian ships and customers.
Trump says the US will now be known as "The Guardian of the Strait of Hormuz" and will be "reimbursed" at a rate of 20% on all cargo shipped.
It appears… pic.twitter.com/MtjidgWMMM
— The Kobeissi Letter (@KobeissiLetter) July 13, 2026
Oil markets reacted decisively. Brent crude surged over 2% to $84.78 per barrel. WTI crude advanced 2.26% to $79.85.
The Strait of Hormuz represents a critical chokepoint for global petroleum shipments. Any significant disruption in this strategic waterway could elevate energy costs and contribute to broader inflationary pressures.
Nvidia attracted attention as well. Reports indicate the chipmaker reduced by more than half the roster of Asian customers authorized to purchase its AI processors. The Financial Times reported that Nvidia established a revised list of approved buyers in Singapore, Malaysia, and Japan as it strengthens adherence to U.S. export controls. Entities removed from the approved list may seek reinstatement after satisfying the updated criteria.
Major Financial Institutions Release Results
Five of America’s largest banking institutions unveil second-quarter financial performance Tuesday—JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, and Citigroup.
Financial sector earnings command significant attention because they provide insight into consumer expenditure patterns, corporate lending activity, and credit health throughout the broader economy.
Robust earnings could bolster market confidence that economic expansion remains intact. Disappointing figures might amplify anxieties regarding decelerating growth momentum.
Market participants will simultaneously monitor the June Consumer Price Index release, scheduled for Tuesday.
Economists surveyed by Dow Jones anticipate consumer prices declined 0.2% during June, partially attributable to reduced energy expenses. This would lower the annual inflation rate to 3.8%.
Core inflation, which excludes volatile food and energy components, is projected to remain steady at 2.8% annually—continuing to exceed the Federal Reserve’s 2% objective.
Fed Governor Christopher Waller indicated Monday that an additional rate increase might prove necessary if inflation persists above target levels. New Fed Chair Kevin Warsh commences two days of congressional testimony this week, potentially offering additional clarity regarding future monetary policy direction.
The post Financial Giants, Inflation Numbers, and Middle East Conflict Shape Tuesday’s Trading appeared first on Blockonomi.

Key Takeaways
Nvidia has eliminated over 50% of its approved Asian customers for AI chip purchases through a newly implemented “white list” approval system.
The enforcement concentrates on Singapore, Malaysia, and Japan, particularly affecting neo-cloud service providers that didn’t meet compliance standards.
This action responds to Trump administration demands to prevent sophisticated chips from entering China through indirect channels.
Enhanced verification procedures now include on-site data centre inspections by Nvidia personnel, contract validation, and end-user interviews.
NVDA shares declined 3.52% following the disclosure.
Nvidia experienced a 3.52% decline after the Financial Times disclosed that the semiconductor manufacturer has reduced its authorized Asian AI chip customer base by more than 50%.
The chip giant has rolled out a “white list” approval mechanism. Only organizations that successfully complete enhanced compliance evaluations qualify for chip purchases. Over half of the region’s former customers failed to meet the new standards.
The enforcement effort targets Singapore, Malaysia, and Japan primarily. Neo-cloud operators — businesses offering cloud computing services for rent — experienced significant impact, with numerous companies failing initial compliance assessments.
Businesses excluded from the approved list aren’t permanently barred. The FT report indicates they can submit new applications once necessary compliance adjustments are implemented.
The enhanced restrictions emerge as the Trump administration seeks to eliminate pathways that have enabled Chinese organizations to acquire cutting-edge American semiconductors via intermediary nations.
The U.S. Commerce Department released guidance in May specifically designed to block Nvidia’s Blackwell chip series from reaching China-connected entities in nations such as Malaysia, notwithstanding current export controls.
Nvidia has escalated its compliance protocols throughout the region in response. Company representatives now conduct physical inspections of client data facilities, authenticate contractual agreements, and perform direct interviews with ultimate users.
The U.S. Department of Commerce maintains direct involvement, supplying regulatory oversight and political support for this initiative, according to the FT.
Context Behind the Enforcement Action
Washington has maintained export controls on AI chip deliveries to China since 2021 at minimum. These limitations have intensified progressively as sophisticated chip demand has exploded.
In the previous year, Nvidia received authorization to distribute a reduced-specification H200 chip variant to Chinese buyers. Beijing countered by prohibiting domestic sales of that particular chip, partially to safeguard and promote indigenous chip manufacturing.
This past March, U.S. prosecutors brought charges against a Supermicro co-founder alongside two staff members for allegedly facilitating the illegal transfer of $2.5 billion in Nvidia chips to China. Prosecutors claimed the group utilized a southeast Asian entity as an intermediary to transport chips from Taiwan into China.
Impact on Nvidia’s Asian Operations
The decrease in approved customers constitutes a substantial setback to Nvidia’s client network in a rapidly expanding market.
Singapore, Malaysia, and Japan have all experienced robust AI infrastructure demand recently, making these new limitations especially significant.
Nvidia did not provide responses to Reuters’ comment requests outside standard business hours, and the corporation has not publicly commented on the FT disclosure.
The U.S. Department of Commerce similarly failed to respond to comment requests before publication.
Reuters could not independently confirm the specifics of the FT disclosure.
The FT referenced three sources with knowledge of the situation as the foundation for its coverage of the white list system and compliance procedure modifications.
The post Nvidia (NVDA) Slashes Asian Customer Base by Over 50% Amid Compliance Push appeared first on Blockonomi.

Key Points
Bloomberg reports Samsung is conducting preliminary discussions about establishing a U.S. ADR listing
Samsung shares in Seoul jumped 3.3% to 263,000 KRW following the report
Discussions remain preliminary with no definitive decision reached
Competitor SK Hynix completed a record-breaking $26.5B U.S. listing last week
Samsung reported Q2 operating profit soared 19 times to approximately 89.4 trillion won
Samsung Electronics is conducting exploratory discussions regarding a possible American Depositary Receipt listing in the United States, Bloomberg News disclosed on Tuesday. The revelation triggered a 3.3% surge in Samsung’s Seoul-traded shares to 263,000 KRW, with trading volume significantly exceeding its three-month average.
According to reports, the electronics giant has initiated preliminary conversations with financial institutions, though no concrete determination has been finalized. These deliberations remain in nascent stages and could potentially fail to materialize into an actual listing.
Currently, Samsung lacks a U.S.-traded ADR, which restricts American investors’ direct access to its stock beyond London Depositary Receipts. A successful U.S. listing would eliminate this barrier.
The strategic timing appears deliberate. Competitor SK Hynix established its ADR price at $149 per share on July 9, securing approximately $26.5 billion in capital — establishing a new benchmark as the largest U.S. listing by an international corporation. Demand for the offering exceeded supply by more than seven times.
SKHY experienced an impressive 14% surge during its Nasdaq introduction on July 10, launching at $170 and settling at $168. Such enthusiastic market response naturally attracts industry attention.
Nelson Griggs, Nasdaq’s President, indicated that SK Hynix’s successful debut is already influencing other global enterprises to contemplate U.S. listings. LSEG data reveals Asian technology equity funding through July 10 tripled to an unprecedented $84 billion.
Samsung had previously evaluated an ADR offering but ultimately declined to proceed. SK Hynix’s remarkable success appears to have reignited Samsung’s interest in the concept.
Potential Obstacles to a Listing
Samsung’s operations span considerably more sectors than SK Hynix, potentially complicating the ADR structuring process. Bloomberg’s sources also identified ongoing labor disputes within the organization as a possible complication.
The corporation indicated it will carefully observe volatility patterns in memory chip equities while assessing potential timing for any listing.
Strong Quarterly Performance from Samsung
On July 6, Samsung announced a remarkable 19-fold increase in second-quarter operating profit, reaching an estimated 89.4 trillion won, approximately $58.44 billion. This figure exceeded analyst projections and would represent its third consecutive record quarterly performance.
Despite this impressive financial result, shares declined as much as 10% following the announcement due to investor concerns regarding the sustainability of AI-fueled demand.
James Wang, Goldman Sachs’ head of Asia ex-Japan equity capital markets, presented a more optimistic perspective: “The current technology fundraising cycle still has considerable runway.”
Samsung’s approach to monitoring memory chip stock volatility will prove critical in determining whether — and precisely when — any ADR listing proceeds.
The post Samsung (SSNLF) Stock Jumps 3.3% on Reports of Potential U.S. ADR Listing Plans appeared first on Blockonomi.

Key Takeaways
European benchmark STOXX 600 declined 0.6% amid heightened U.S.-Iran geopolitical tensions
Brent crude oil surged more than 2.6% to reach $85 per barrel, following the previous day’s 9.6% rally
President Trump introduced a naval blockade on Iranian vessels and imposed a 20% charge on cargo through the Strait of Hormuz
Airline stocks including Air France and Lufthansa tumbled approximately 2% on elevated fuel expense concerns
Federal Reserve’s Waller cautioned interest rates could climb if inflation persists above 2% target, ahead of today’s CPI release
European equity markets experienced broad declines on Tuesday following renewed military action against Iran and the implementation of a U.S. maritime blockade, which propelled crude oil prices to their highest point in four weeks and unsettled investors throughout the continent.
The continent-wide STOXX 600 index retreated between 0.4% and 0.6% during morning trading hours. Germany’s DAX shed 0.3%, while France’s CAC 40 declined 0.6%. Meanwhile, both London’s FTSE 100 and Italy’s FTSE MIB registered modest losses.
STXE 600 I (^STOXX)
The market weakness stemmed from escalating geopolitical tensions following President Donald Trump’s announcement of a naval blockade targeting Iranian maritime traffic in the Persian Gulf region. Additionally, the administration revealed plans to levy a 20% surcharge on all commercial freight transiting the Strait of Hormuz.
BREAKING: President Trump says the US is reinstating its blockade of the Strait of Hormuz for Iranian ships and customers.
Trump says the US will now be known as "The Guardian of the Strait of Hormuz" and will be "reimbursed" at a rate of 20% on all cargo shipped.
It appears… pic.twitter.com/MtjidgWMMM
— The Kobeissi Letter (@KobeissiLetter) July 13, 2026
These developments emerged after the third straight evening of American military operations targeting Iran. The aggressive actions marked a sharp reversal from what had appeared to be a de-escalation period just weeks earlier, when a Middle Eastern diplomatic breakthrough seemed to have brought an end to regional conflicts.
Crude Prices Jump, Aviation Sector Takes Flight South
Brent crude futures climbed over 2.6% to $85 per barrel in Tuesday trading. This advance built upon the prior session’s impressive 9.6% gain, pushing the global oil benchmark to its strongest level in one month.
Energy sector equities provided one of the session’s rare positive notes, advancing 1.4% as elevated petroleum prices boosted the industry. BP shares climbed 3% following the energy giant’s announcement that its oil trading division anticipates delivering marginally improved results in the second quarter versus the first three months of the year.
Aviation companies bore the brunt of the market downturn. Both Air France and Lufthansa shares plunged approximately 2% as investors factored in compressed profit margins from rising jet fuel expenses. The broader travel and leisure sector tumbled 2%, making it the worst-performing industry group across European markets.
Interest Rate Concerns Compound Market Anxiety
Beyond Middle Eastern tensions, market participants remained focused on potential shifts in U.S. monetary policy. Federal Reserve Governor Christopher Waller issued a cautionary statement suggesting the central bank might need to implement rate increases should inflation remain persistently elevated above the 2% objective.
This commentary directed attention toward U.S. Consumer Price Index data scheduled for release later Tuesday. Newly confirmed Fed Chair Kevin Warsh was also preparing to commence two days of congressional testimony, contributing to market uncertainty.
Financial markets are navigating the early stages of second-quarter earnings season with heightened caution. Several major American banking institutions were scheduled to unveil quarterly results later in the trading day.
Individual Company Performance
Among individual stocks, Ericsson plummeted 8% after the telecommunications equipment manufacturer reported quarterly revenue figures that fell short of analyst projections and issued warnings about increasing component expenses.
Evotec crashed 30% following the German pharmaceutical research company’s decision to downgrade its 2026 financial outlook, citing delays in critical partnership agreements that have been postponed until 2027.
Hapag-Lloyd provided a counterpoint to the prevailing negative sentiment, surging nearly 6% after the shipping company revised its annual guidance upward.
The post European Markets Tumble as U.S.-Iran Conflict Sends Oil Prices Soaring appeared first on Blockonomi.

Key Takeaways
Gold experienced a nearly 3% decline Monday, momentarily falling beneath the $4,000 per ounce threshold for the first time in three weeks
Silver plummeted 3.4% to reach its lowest settlement since early December
Federal Reserve Governor Christopher Waller indicated potential rate increases if inflationary pressures persist
Futures markets now reflect a 43% probability of a rate hike during the July 28-29 Federal Reserve meeting
Gold rebounded Tuesday with a 0.54% gain to $4,022.87, as market participants monitored U.S. inflation data and Fed Chair Kevin Warsh’s testimony
Precious metals experienced significant volatility this week, with gold prices retreating sharply Monday before staging a modest recovery Tuesday, as market participants evaluated escalating inflation concerns, geopolitical instability in the Middle East, and the growing likelihood of Federal Reserve monetary tightening.
The front-month Comex gold contract for July delivery plummeted 2.6% to settle at $3,997 on Monday. This marked the steepest single-session decline since late June and represented the second-lowest settlement price for the yellow metal in 2025.
Gold Aug 26 (GC=F)
Silver experienced an even more pronounced downturn. The July delivery contract declined 3.4% to $57.634, marking its lowest settlement since December 4. Year-to-date, silver has now retreated 17.8%, while gold has fallen 7.6%.
Geopolitical Instability Compounds Pressure
The precious metals selloff intensified as Middle Eastern tensions flared. President Donald Trump revealed plans to reinstate a blockade targeting Iranian maritime traffic in the Gulf region and proclaimed the United States as the “Guardian of the Hormuz Strait.” The administration proposed implementing a 20% cargo fee for vessels traversing the strategic waterway.
BREAKING: President Trump says the US is reinstating its blockade of the Strait of Hormuz for Iranian ships and customers.
Trump says the US will now be known as "The Guardian of the Strait of Hormuz" and will be "reimbursed" at a rate of 20% on all cargo shipped.
It appears… pic.twitter.com/MtjidgWMMM
— The Kobeissi Letter (@KobeissiLetter) July 13, 2026
This development cast uncertainty over the ceasefire agreement established in June and propelled oil prices upward. Elevated energy costs sparked renewed anxiety about persistent inflation.
Crude prices continued climbing as market participants evaluated potential supply disruption risks through the Strait of Hormuz. This reignited concerns that energy-driven price pressures could constrain the Federal Reserve’s ability to implement rate reductions.
For gold investors, rising energy costs present conflicting implications. While they may enhance gold’s attractiveness as an inflation hedge, they simultaneously tend to strengthen the dollar and elevate bond yields, factors that typically pressure precious metals.
Federal Reserve Tightening Expectations Intensify
Federal Reserve Governor Christopher Waller indicated that policymakers might need to implement rate increases in the near term if inflation demonstrates continued broad-based momentum. His remarks elevated market expectations for monetary tightening.
Analysts at ANZ noted that futures markets currently assign a 43% probability to a rate increase at the Federal Reserve’s scheduled July 28-29 policy meeting. Rising interest rates diminish the appeal of non-yielding assets such as gold.
Gold mounted a recovery Tuesday, advancing 0.54% to reach $4,022.87 per ounce. Silver similarly rebounded, climbing 0.63% to $58.02. Market participants were closely monitoring the June U.S. consumer price index release and Fed Chair Kevin Warsh’s congressional testimony for insights into future monetary policy direction.
Michael Cuggino from the Permanent Portfolio Family of Funds maintained that gold’s long-term fundamentals remain robust, citing sustained central bank accumulation from nations including Poland, China, and Russia. He observed that the selloff intensified following Warsh’s appointment, reflecting investor concerns about potential rate increases.
Cuggino further noted that silver’s steeper decline reflects its substantial industrial applications across technology, semiconductor manufacturing, and residential construction sectors, rendering it more vulnerable to economic growth uncertainties.
Market observers will scrutinize Warsh’s congressional appearance and inflation data closely for indications of the Federal Reserve’s next policy moves.
The post Gold Tumbles Under $4,000 Mark Following Waller’s Rate Hike Warning appeared first on Blockonomi.

Key Takeaways
Hapag-Lloyd shares surged approximately 6% Tuesday following an upward revision of its annual EBITDA projection to $2.7B–$3.7B from the prior $1.1B–$3.1B range
Robust freight market demand and strengthening freight rates fueled the guidance increase
Analysts at Barclays noted the revision was “widely expected” after competitor Maersk updated its own outlook earlier this month
Both Hapag-Lloyd and Maersk have begun reintroducing select routes through the Red Sea and Suez Canal following extended disruptions
Substantial uncertainty remains in the outlook due to fluctuating freight rates and persistent geopolitical risks
Shares of Hapag-Lloyd experienced a significant rally of approximately 6% Tuesday after the German container shipping operator enhanced its full-year profit projections, citing robust market conditions and improving rate dynamics.
The Hamburg-based carrier, ranked as the world’s fifth-largest container shipping company, has revised its full-year EBITDA expectations to a range of $2.7 billion through $3.7 billion. This represents a substantial upgrade from the company’s earlier projection of $1.1 billion to $3.1 billion. Additionally, Hapag-Lloyd boosted its full-year EBIT forecast to between $100 million and $1.1 billion.
$HLAG (Hapag-Lloyd) – Strong Earnings Upgrade
Shipping giant raises full-year outlook amid robust demand
________________________________________
KEY UPDATE
New FY EBITDA Guidance: $2.7B – $3.7B (up from $1.1B – $3.1B)
Shares surged ~6% on the news… pic.twitter.com/xJiPuAQlcC
— Emmanuel – Big Tech & AI Investor (@EmmanuelInvest) July 14, 2026
Market participants had largely anticipated this guidance revision.
“We think this was widely expected following Maersk two weeks ago,” equity analysts at Barclays commented. Maersk had previously elevated its earnings projections in March, attributing the change to vigorous container shipping market conditions.
Barclays further suggested that the updated forecast indicates stronger performance in the second quarter relative to the first, though they anticipate the most substantial profitability gains will materialize in Q3 rather than Q2. The considerable width of the guidance band, according to the analysts, stems from poor visibility into fourth-quarter performance.
This development unfolds against the backdrop of a shipping industry that has navigated significant operational challenges.
Middle East Conflict Disrupts Shipping Lanes, Elevates Rates
Military tensions involving Israel and Iran, which intensified in late February, compelled major carriers including Hapag-Lloyd and Maersk to halt operations through the Strait of Hormuz and Gulf of Oman corridors. These diversions added considerable mileage to critical shipping lanes.
Prior to this, most international shipping companies had already abandoned the Suez Canal passage after Yemen’s Houthi militia targeted commercial vessels transiting the Red Sea. This situation forced carriers to redirect traffic around Africa via the Cape of Good Hope, substantially increasing transportation expenses.
These extended routing patterns resulted in elevated fuel consumption, prolonged transit times, and higher freight charges — creating cost pressures for shippers while generating revenue benefits for ocean carriers.
Gradual Return to Traditional Routes
Earlier in the current month, Hapag-Lloyd and Maersk disclosed the reinstatement of the AE15 service through the Red Sea corridor. This Gemini-alliance route is being managed by Maersk, which is assuming the operational exposure associated with transiting the contested region.
Maersk has subsequently reintroduced two additional services utilizing the Suez Canal outside its Gemini partnership framework. In contrast, Hapag-Lloyd has adopted a more conservative stance regarding the resumption of its proprietary routes through these waters.
The shipping company emphasized that its revised outlook contains considerable uncertainty, acknowledging persistent freight rate instability and significant geopolitical challenges that continue to obscure near-term visibility.
Maersk equity also benefited from the positive industry sentiment, advancing approximately 2.8% during Tuesday’s trading session.
Hapag-Lloyd’s updated EBITDA guidance range of $2.7 billion to $3.7 billion represents a notable improvement over the $2.1 billion midpoint of its previous forecast — an enhancement that investors clearly embraced.
The post Hapag-Lloyd (HLAG) Shares Surge 6% Following Upgraded 2025 Earnings Guidance appeared first on Blockonomi.

Key Takeaways
Jefferies shifted Zealand Pharma rating from Buy to Hold, pointing to absence of immediate catalysts
Analysts reduced price target from DKK505 to DKK320 — representing a 37% decrease
Success probability for survodutide reduced from 60% to 40% following underwhelming Phase III results
Major catalysts for survodutide and petrelintide not anticipated until 2027–2028
ZEAL shares declined 5.32% following the announcement; Copenhagen’s ZELA fell 2.7%
Zealand Pharma (ZEAL) shares slid 5.32% during Tuesday’s trading session after investment bank Jefferies downgraded the Danish biotechnology company from Buy to Hold, while simultaneously reducing its price target by 37% from DKK505 to DKK320.
The company’s shares listed in Copenhagen (ZELA) experienced a 2.7% decline to DKK273.40, underperforming the broader OMXC25 index, which decreased 0.5%.
Jefferies implemented a 35% discount to its sum-of-the-parts analysis, reflecting the absence of significant near-term catalysts anticipated within the next 6 to 12 months.
The rating adjustment follows lackluster Phase III data from survodutide, Zealand’s experimental treatment for obesity and liver conditions, which was unveiled at the American Diabetes Association conference.
As a consequence, Jefferies reduced the probability of success for survodutide from 60% to 40%. This represents a significant adjustment for a company whose obesity pipeline represents substantial value.
Survodutide Data Disappointment Clouds Near-Term Prospects
Analysts noted that pivotal MASH liver disease data for survodutide won’t arrive until the latter half of 2027, making that data release essential for reducing risk around the asset.
The overall valuation of survodutide now depends heavily on Phase III liver disease trial outcomes and initial commercial performance metrics — both events still over a year in the future.
Jefferies further noted that establishing confidence in petrelintide, Zealand’s amylin-focused obesity drug candidate, will require considerable time.
The investment firm observed that competitive obesity treatment data anticipated throughout the upcoming year could make differentiation more challenging for petrelintide before more mature clinical trial data becomes available.
Petrelintide Advances to Phase 3, But Timeline Extended
Notwithstanding the downgrade, Jefferies recognized that Zealand’s longer-term valuation profile remains compelling. The firm highlighted the company’s net cash balance, rare disease product portfolio, and risk-adjusted worth of obesity programs as positive factors.
Zealand Pharma carries a market capitalization near $3 billion, and InvestingPro analysis indicates the stock is trading at a P/E multiple of 3.13, suggesting potential undervaluation based on Fair Value metrics.
Petrelintide successfully progressed into Phase 3 development in partnership with Roche, following robust Phase 2 ZUPREME-1 data demonstrating substantial double-digit weight reduction with placebo-comparable tolerability.
Phase 3 clinical studies are scheduled to commence during the second half of 2026.
Deutsche Bank recently elevated its price target for Zealand Pharma to DKK300 from DKK275, citing encouraging survodutide trial outcomes — though that optimism now appears premature considering the latest data setback.
Jefferies indicated that investors may need to exercise patience until 2027 and 2028 for clinical data releases that could meaningfully alter market perception of the stock.
The company recently expanded its share capital by DKK53,183 through employee warrant exercises, resulting in the issuance of 53,183 additional shares at various strike prices.
Zealand has nominated Camilla Sylvest for Board of Directors election, subject to shareholder authorization at a meeting planned for May 2026.
Shares currently trade at DKK273.40 on the Copenhagen exchange, while the US-listed ZEAL declined 5.32% during the trading session.
The post Zealand Pharma (ZEAL) Stock Tumbles 5% Following Jefferies Downgrade to Hold appeared first on Blockonomi.

Quick Summary
Dollar Index maintained levels above 101.00 ahead of critical June inflation figures
Crude oil gains fueled by Middle East conflict are weighing on emerging market and risk-linked currencies
Financial markets assign approximately 50% probability to a Federal Reserve rate increase in July
New Zealand’s currency led G10 gains following hawkish Reserve Bank commentary
EUR/USD vulnerable to further declines toward 1.10 if energy costs continue escalating
The US dollar maintained its firm stance on Tuesday as market participants positioned themselves for upcoming inflation statistics while crude oil prices extended their advance due to intensifying geopolitical tensions across the Middle East. The Dollar Index remained anchored just above the 101.00 threshold throughout European trading sessions.
US Dollar Index (DX-Y.NYB)
Consensus forecasts for June’s Consumer Price Index point to annual inflation moderating to 3.8%, representing a decline from May’s 4.2% reading. While headline inflation is projected to decrease on a monthly basis thanks to reduced energy expenses, core inflation hovering around 0.2% monthly fails to alleviate worries regarding stubborn inflationary dynamics.
Market Expectations Point to Potential Fed Tightening
Current market pricing indicates approximately a 50% likelihood of a Federal Reserve rate hike when policymakers convene in July, with traders anticipating roughly 43 basis points of monetary tightening through year-end. Fed Governor Chris Waller stated on Monday that additional rate increases might become necessary in the near term should core inflation remain stubbornly high.
Chair Kevin Warsh commenced his inaugural House testimony on Tuesday. Additional Fed officials including Barr, Goolsbee, Cook and Bowman were lined up to deliver remarks throughout the trading day.
Should the Strait of Hormuz remain blocked, currency strategists at ING forecast the Dollar Index could swiftly advance to 102.0.
Energy Markets and Regional Conflict Shape FX Dynamics
Brent crude advanced to $84 per barrel on Tuesday, buoyed by ongoing US military operations that extended into their third consecutive day on Monday. Iranian state media documented explosions in proximity to Kish, Qeshm, Abu Musa and the coastal hub of Bandar Abbas.
American crude stockpiles, encompassing both commercial inventories and strategic reserves, registered 730.8 million barrels as of July 3, marking the lowest reading since 1984.
The Indian rupee touched a new seven-week trough versus the dollar, with the exchange rate approaching 96.13. Local crude futures contracts surged more than 4% at the session’s opening.
The euro retreated beneath 1.1400 against the greenback. EUR/USD confronts potential downside toward 1.10 should Brent climb into the $90 to $100 range and European natural gas prices escalate to €55 to €60 per megawatt hour.
European Central Bank President Christine Lagarde had scheduled discussions with US Treasury Secretary Scott Bessent on Tuesday and was set to deliver remarks on economic projections.
The New Zealand dollar emerged as the strongest G10 performer during the current week. The kiwi appreciated approximately 0.8% on Tuesday following comments from Reserve Bank of New Zealand Chief Economist Paul Conway suggesting additional monetary tightening might prove necessary if Middle East-related inflation pressures persist. Market pricing reflects expectations for 60 basis points of rate increases in New Zealand before year-end.
The Japanese yen exhibited range-bound trading above the 162.00 mark. Japan’s Finance Minister Satsuki Katayama indicated that significant changes in the asset management landscape could trigger a reassessment of the Government Pension Investment Fund’s allocation strategy.
The British pound stabilized around 1.3350 as traders awaited UK GDP figures for May, scheduled for release later this week.
The post Greenback Strengthens Amid Soaring Oil Prices and Middle East Conflict appeared first on Blockonomi.

Key Takeaways
Shares of Ericsson plummeted over 8% following second-quarter revenue of SEK 52.69 billion, falling short of the SEK 53.71 billion analyst projection.
The company exceeded expectations on adjusted EBITA with SEK 6.9 billion, while adjusted gross margin reached 48.4%, surpassing the 47.9% consensus estimate.
Intellectual property licensing revenue declined to SEK 3.4 billion from SEK 4.9 billion, attributed to the lack of a previous year’s one-time settlement benefit.
Management forecast Networks gross margin for Q3 to reach approximately 49%, representing a decline from the 50.4% reported in Q2.
Börje Ekholm revealed his retirement plans with a September 30 effective date, with Per Narvinger set to assume the President and CEO role.
Shares of Ericsson (ERIC) plummeted more than 8% on Tuesday following the Swedish telecommunications infrastructure provider’s second-quarter revenue results that fell below Wall Street projections, coupled with cautionary guidance regarding profitability pressures in the upcoming quarter.
Revenue decreased 6% to SEK 52.69 billion, missing the analyst consensus projection of SEK 53.71 billion, down from SEK 56.13 billion reported in the corresponding quarter last year.
The significant stock decline occurred even though profitability metrics exceeded expectations. The adjusted gross margin registered at 48.4%, surpassing both the 47.9% consensus and the most optimistic analyst prediction of 48.2%.
ERICSSON $ERIC Q2’26 EARNINGS HIGHLIGHTS
Revenue: SEK52.7B; -6% reported, -1% organic
EPS: SEK1.22 (Est. SEK1.2) ; -11% YoY
Adj. EBITA: SEK6.88B (Est. SEK6.8B) ; -7% YoY
Q3 Networks profitability to face pressure from higher component costs & rollout volumes… pic.twitter.com/ZEhWanjZ3l
— Wall St Engine (@wallstengine) July 14, 2026
Adjusted EBITA delivered SEK 6.9 billion, outperforming the SEK 6.71 billion consensus estimate, translating to an adjusted EBITA margin of 13.1% compared to the 12.5% consensus figure.
The revenue shortfall stemmed primarily from decreased patent-licensing income, which contracted to SEK 3.4 billion from SEK 4.9 billion. The year-ago quarter had benefited from a non-recurring intellectual property rights settlement payment.
Organic revenue contracted 1% on a year-over-year basis, although three of the company’s four geographic markets posted positive organic growth.
Jefferies, maintaining a “hold” rating with a 98 crown price objective, observed that the revenue disappointment was focused within the Networks segment, primarily attributable to shipment delays in India.
The firm further noted that Ericsson anticipates a third quarter that will outperform typical seasonal patterns as Indian deliveries materialize, though the Networks profitability outlook triggered investor anxiety.
Profitability Forecast Rattles Market
Management projected Networks gross margin at a midpoint of 49% for the third quarter, representing a sequential decrease from 50.4% in Q2. The company attributed this to elevated volumes of network deployment projects.
Jefferies highlighted concerns that escalating component costs could exert additional margin pressure in the fourth quarter, contingent on the success of the company’s countermeasures, which include price adjustments.
Free cash flow before mergers and acquisitions plunged 85% to SEK 0.4 billion from SEK 2.6 billion in the prior year period, representing what Jefferies characterized as a weakness in an otherwise respectable quarter.
Net profit declined 12% to SEK 4.1 billion from SEK 4.6 billion, with diluted earnings per share falling to SEK 1.22 from SEK 1.37.
Leadership Transition Announcement
Chief Executive Börje Ekholm announced his retirement plans with a September 30 departure date. Per Narvinger is slated to succeed him as President and CEO, while Ekholm will remain in an advisory capacity through June 15, 2027.
Ekholm characterized the Q2 performance as demonstrating “the strength of our portfolio and disciplined execution,” noting that the organization has implemented measures to address component cost inflation.
The company distributed SEK 8.2 billion to shareholders throughout the second quarter, encompassing SEK 3.2 billion through share repurchase programs.
Additionally, Ericsson showcased AI-powered drone detection and tracking capabilities utilizing existing cellular infrastructure at a Texas stadium during a prominent international sporting competition.
The post Ericsson (ERIC) Stock Plunges 8% on Q3 Margin Outlook Despite Q2 Earnings Win appeared first on Blockonomi.

Key Highlights
Taiwan Semiconductor is projected to deliver Q2 net profit of T$632.6 billion (~$19.65 billion), representing a 59% year-over-year increase
Second-quarter revenue has already climbed 36% compared to last year, surpassing Wall Street expectations
Market watchers anticipate TSMC will upgrade its annual revenue growth projection beyond the existing “above 30%” forecast
Investment in capital expenditure may reach approximately $58 billion, exceeding the previously announced $52–$56 billion guidance
TSM shares have climbed 56% in 2024; Wall Street consensus points to “Buy” with average target of $449.38
Taiwan Semiconductor Manufacturing Company enters Thursday’s quarterly report with strong momentum behind it. The global leader in advanced semiconductor production is projected to deliver a 59% increase in second-quarter net profit, reaching T$632.6 billion (approximately $19.65 billion), based on LSEG SmartEstimate polling 18 market analysts.
Shares of TSM began Tuesday trading at $421.43, below the 52-week peak of $479.00, though the stock has delivered impressive 56% gains so far this year.
Should profits exceed T$572.5 billion, the chipmaker would notch another all-time quarterly record — extending its profit growth streak to ten consecutive quarters.
The company has already provided investors with a glimpse of its performance. Earlier this week, TSMC disclosed a 36% year-over-year revenue increase for the second quarter, exceeding market expectations and establishing a fresh record. Revenue for June alone soared 67.9% compared to the prior year.
Strong customer appetite for TSMC’s cutting-edge 3-nanometre and 2-nanometre manufacturing processes, combined with demand for its CoWoS advanced packaging technology, continues to fuel exceptional results. Major clients Nvidia and Apple remain significant contributors to TSMC’s production volume.
“TSMC’s robust second-quarter performance demonstrates that AI-driven demand continues at elevated levels, fueling requirements for cutting-edge chip manufacturing and CoWoS packaging solutions,” noted Dan Nystedt, research analyst at TriOrient.
Annual Outlook Takes Center Stage
Beyond quarterly earnings figures, market participants are keenly awaiting potential revisions to full-year revenue projections. The company’s existing guidance calls for growth “above 30%” year-over-year. Haas Liu, Bank of America’s Asia semiconductor analyst, suggests supply chain intelligence indicates a probable upward adjustment.
Capital spending plans represent another area of investor interest. During its April conference call, TSMC indicated that 2026 capital expenditure would reach the upper boundary of its $52–$56 billion estimate. Liu now projects capital spending could climb to roughly $58 billion, driven by constrained equipment availability and capacity expansion initiatives from memory manufacturers such as Samsung, Micron, and SK Hynix.
Not all analysts expect increased capex guidance. TriOrient’s Nystedt believes TSMC will maintain its existing spending range.
TSMC’s market valuation currently stands at approximately $2.19 trillion — nearly double Samsung Electronics’ valuation of roughly $1.97 trillion.
Wall Street Maintains Bullish Stance
Analyst outlook remains decidedly optimistic. Bank of America elevated its price objective from $490 to $590 in late June, while Susquehanna increased its forecast from $500 to $575 during the same period. Needham pushed its target to $480 earlier in April.
Citigroup confirmed its “Buy” recommendation on July 6. The aggregate rating from 16 analysts stands at “Buy,” with a mean price objective of $449.38. Two analysts maintain “Strong Buy” ratings.
The semiconductor giant also recently increased its quarterly dividend to $1.1136 per share, up from $0.95, scheduled for October 8 payment to shareholders registered by September 16.
Institutional ownership continues expanding. Bleakley Financial Group increased its TSM position by 15.1% during the first quarter, elevating its total holdings to 68,969 units valued at approximately $23.3 million.
TSMC’s earnings conference call is set for 0600 GMT Thursday, where third-quarter projections and any annual guidance modifications will take center stage.
The post Taiwan Semiconductor (TSM) Stock: Fifth Consecutive Record Quarter Within Reach appeared first on Blockonomi.

Key Takeaways
Intel shares tumbled 6.1% Monday, finishing at $103.12, falling more sharply than the Nasdaq’s 1.55% retreat
Semiconductor sector weakness weighed on chip names including AMD and Micron
The company unveiled a €5 billion plan to grow its Irish production facilities
Q2 results are scheduled for July 23, with Wall Street forecasting $0.21 EPS and $14.35 billion in sales
Analyst consensus remains “Hold” with a $100.77 average target price
Intel (INTC) wrapped Monday’s session at $103.12, marking a 6.1% decline from the previous close of $109.84. Trading volume reached approximately 99.5 million shares, trailing the typical daily average by roughly 18%.
The semiconductor giant’s decline exceeded broader market losses. The S&P 500 dipped 0.79% during the session, while the tech-heavy Nasdaq Composite retreated 1.55%.
Intel wasn’t alone in its struggles. A broad-based retreat across semiconductor stocks dragged down industry peers like AMD and Micron during the same trading day.
Market participants are now focused on the company’s upcoming quarterly report. Intel plans to release results on July 23, 2026, with Wall Street projecting earnings per share of $0.21 — representing a 310% surge compared to the year-ago period. Revenue estimates stand at $14.35 billion, indicating an 11.58% year-over-year increase.
Full-year forecasts point to EPS of $1.06 and revenue reaching $58.36 billion, translating to growth rates exceeding 152% and 10%, respectively.
Despite Monday’s setback, Intel shared encouraging developments this week. The chipmaker revealed plans for a €5 billion capital investment to expand its Irish manufacturing footprint, targeting AI accelerator production, Xeon server chips, and foundry services.
Wall Street Remains Divided on Intel’s Outlook
Analyst sentiment remains measured. The current consensus stands at “Hold” with a mean price objective of $100.77 — marginally beneath Monday’s closing price.
HC Wainwright maintains the most optimistic view with a $150 price target. JPMorgan carries an “underweight” recommendation with a $45 target. Wells Fargo assigns an “equal weight” rating alongside a $110 target.
Among analysts tracking Intel, 15 recommend Buy, 28 suggest Hold, and 4 advise Sell. Two analysts rate it as a Strong Buy.
The stock’s forward price-to-earnings ratio stands at 103.62, substantially above the sector average of 57.17. This represents elevated valuation multiples for a company navigating foundry execution hurdles.
Zacks Research assigns Intel a #1 (Strong Buy) ranking, noting that consensus EPS projections have climbed 0.84% over the past 30 days.
Competitive Headwinds Remain in Focus
Competitive dynamics continue to draw scrutiny. Market watchers have highlighted potential challenges should Intel enter memory chip manufacturing, where it would confront established players like SK Hynix. AMD maintains its momentum in capturing data center market share.
An executive vice president at Intel, Boise April Miller, offloaded more than 40,000 shares at $99.53 on May 1st, reducing her holdings by 27.7%. Insider transactions of this magnitude typically attract investor attention.
Institutional ownership remains substantial. Vanguard controls more than 404 million shares, State Street maintains 208 million, and Morgan Stanley boosted its position by 20.4% during Q4. Institutional investors collectively hold 64.53% of outstanding shares.
Technical indicators show Intel’s 50-day moving average at $118.67, while the 200-day moving average sits at $73.89 — illustrating the stock’s significant appreciation over the trailing twelve months.
The company’s first-quarter results, disclosed April 23, delivered $0.29 in earnings per share, substantially exceeding the $0.01 consensus forecast. Revenue of $13.58 billion likewise surpassed the $12.32 billion estimate.
Management guided to $0.20 EPS for Q2. The July 23 earnings release will reveal whether Intel can meet that projection.
The post Intel (INTC) Stock Plunges Over 6% — What’s Behind the Semiconductor Sell-Off? appeared first on Blockonomi.

Key Takeaways
SK Hynix launched its Nasdaq ADRs on July 10, securing $26.5 billion in capital with a 13% first-day gain
Seoul-traded shares plummeted 15.4% on July 13, marking the steepest decline since the Nasdaq listing
Leading Korean brokerages downgraded Q2 profit forecasts due to declining HBM prices and weaker DRAM demand
A valuation premium exceeding 20% between ADRs and domestic shares is driving investor rotation
First-quarter 2026 revenue surged to KRW 52.58 trillion, reflecting 198% annual growth fueled by AI chip demand
SK Hynix (SKHY) experienced a sharp 9.32% decline on Tuesday, with Seoul-listed shares closing at ₩1,746,000, marking a continued retreat following the company’s blockbuster Nasdaq introduction.
The memory chip giant introduced its American Depository Receipts on Nasdaq July 10, finishing the inaugural trading session at $168.01—a robust 13% gain. The offering generated $26.5 billion, ranking among the most substantial ADR debuts in market history.
However, the initial excitement quickly faded.
On July 13, the Seoul-based shares plunged 15.4%, representing the most severe single-session loss since the listing announcement. Tuesday’s action added to the pain, with early gains of nearly 5% evaporating as sellers took control.
Analysts Reduce Second-Quarter Projections
A trio of prominent Korean financial institutions—Korea Investment Securities, Mirae Asset Securities, and Hyundai Motor Securities—downgraded their second-quarter operating profit forecasts for SK Hynix. The primary culprits: weaker-than-anticipated pricing for high-bandwidth memory (HBM) products and diminished DRAM bit shipment growth.
This development carries significant weight considering SK Hynix’s investment thesis heavily depends on HBM pricing trends. Market projections indicate HBM4 pricing could climb to $4-$5 per gigabit by 2027, compared to approximately $2 per gigabit anticipated during the latter half of 2026.
The pricing disparity between American and Korean-traded securities is compounding the pressure. The ADR currently commands over a 20% premium relative to Seoul-listed shares, encouraging domestic shareholders to exit local positions in favor of Nasdaq-traded alternatives.
Daniel Yoo, global strategist at Yuanta Securities, characterized the domestic pullback as a “corrective period,” framing the situation as “additional share issuance” from a market mechanics standpoint.
Core AI Growth Narrative Persists
Notwithstanding near-term volatility, the fundamental business performance remains compelling. First-quarter 2026 revenue reached KRW 52.58 trillion ($35.05 billion), representing 198% year-over-year expansion. Net income soared 397.6% to KRW 40.35 trillion ($26.89 billion).
SK Hynix maintains long-term supply agreements with Nvidia (NVDA) for cutting-edge HBM technology. The manufacturer is also securing three-to-five-year contracts with leading AI customers as cloud infrastructure giants including Google, Meta (META), and Amazon (AMZN) vie for memory capacity.
The organization is constructing a $4 billion semiconductor facility in Indiana while expanding its fabrication complex in Yongin, South Korea—a $390 billion investment.
Jim Cramer offered a bullish perspective, noting that while memory chip pricing remains elevated, the equity trades at discounted valuations. He recognized the cyclical nature of the sector but recommended investors consider establishing a modest position and accumulating during price weakness.
Broader market conditions provided no relief Tuesday. The Nasdaq declined 1.6% while the S&P 500 retreated 0.8%. The KOSPI remained pressured following Monday’s circuit breaker activation—the seventh trading halt this year—after the index tumbled nearly 9% amid geopolitical tensions following U.S. military operations targeting Iran.
SK Hynix Chairman Chey Tae-won has stated he observes no indications of weakening demand and suggests artificial intelligence applications may disrupt the traditional cyclical patterns characterizing memory markets.
Brokerage downgrades targeting second-quarter earnings represent the most immediate headwind facing the shares.
The post SK Hynix (SKHY) Stock Plunges 9% Following Record $26.5B Nasdaq Debut appeared first on Blockonomi.

Key Takeaways
Circle secured final OCC clearance to launch First National Digital Currency Bank as a federally chartered trust bank
Shares climbed 5% Friday on the regulatory approval but retreated 4.7% to $63.03 by Monday’s close
Mizuho maintained its Neutral stance, citing concerns that the charter won’t address fundamental USDC challenges
USDC’s circulating supply has contracted approximately $7 billion since March, dropping to roughly $74 billion
Baird reduced its CRCL price target from $138 down to $100 while maintaining an Outperform rating
Circle Internet Group (CRCL) achieved a significant regulatory milestone last week. However, investor enthusiasm proved short-lived.
The company secured final authorization from the Office of the Comptroller of the Currency to launch First National Digital Currency Bank. Shares surged 5% Friday when the news broke. That optimism evaporated quickly—by Monday’s session, the stock had surrendered nearly the entire rally, closing down 4.7% at $63.03.
The weak follow-through signals growing doubt among institutional investors about whether the banking charter addresses the company’s core challenges.
Mizuho maintained its Neutral rating with an $85 price objective, stating bluntly: “While a positive development, we believe the market reaction is likely overly optimistic, as this does not resolve fundamental issues that have been hurting the stock of recent.”
The federal charter grants Circle the authority to operate under direct national banking supervision, concentrating on digital asset custody, reserve operations, and fiduciary activities. That regulatory achievement is clear-cut. The more pressing concern centers on USDC’s underlying performance.
USDC Circulation Contracts Significantly
USDC’s total supply in circulation has declined by approximately $7 billion from its March 2026 high to around $74 billion by July. This represents the most substantial monthly decline since 2022, with redemptions consistently exceeding new token creation.
The broader stablecoin sector experienced its steepest monthly contraction in years during June, coinciding with cryptocurrency markets hovering near 2026 lows. While blockchain transaction activity remains robust, the shrinking supply threatens Circle’s revenue from both transactions and reserve interest income.
Mizuho specifically highlighted this trend, noting that USDC’s market capitalization decline since March creates legitimate concerns regarding the stablecoin’s expansion potential.
Emerging Rivals Intensify Market Dynamics
The competitive landscape has evolved considerably. Open USD, a recently introduced stablecoin that complies with GENIUS Act requirements, emerged from a consortium exceeding 140 financial services and technology firms, including Mastercard, Stripe, and Coinbase.
Mizuho cautioned this development increases the likelihood that stablecoins become increasingly commoditized products, complicating Circle’s efforts to maintain market dominance despite possessing a national trust bank charter.
“We remain on the sidelines,” the research team concluded.
Baird adopted a more constructive long-term perspective but still lowered its price objective from $138 to $100. The firm retained its Outperform rating, highlighting Circle’s pioneering position as a GENIUS Act-compliant stablecoin provider and expanding stablecoin adoption as positive factors.
Baird anticipates Q2 revenue will fall marginally short of Wall Street projections, though EBITDA should align with consensus expectations. The firm kept its 2027 earnings estimates intact, noting that reduced USDC circulation levels are balanced by elevated reserve interest rates.
Wolfe Research continues to rate the stock Underperform with a $65 price target.
CRCL shares have declined 65% over the trailing twelve months. The stock was last quoted at $63.00 according to recent market data.
The post Circle (CRCL) Stock Slides 5% Despite Federal Banking Approval appeared first on Blockonomi.

Key Takeaways
Between July 6 and July 12, Strategy executed an at-the-market offering, selling 4.8 million shares of MSTR for $466.7 million
The company’s Bitcoin portfolio stayed at 843,775 BTC, with an average acquisition cost of $75,476 per token
Cash reserves jumped approximately 18% to reach $3 billion, providing dividend coverage extending beyond 20 months
Wall Street firms Benchmark and TD Cowen reaffirmed Buy recommendations, setting targets at $570 and $260 respectively
Shares dropped roughly 3% to the $91.50–$91.80 range in pre-market trading Monday
Last week, Strategy raised $466.7 million through an equity offering while abstaining from Bitcoin purchases — a decision that’s drawing praise from Wall Street analysts.
Ahead of Monday’s Nasdaq session, MSTR stock traded down approximately 3% in the $91.50–$91.80 range, per data from Yahoo Finance and The Block. Bitcoin experienced similar weakness, declining over 2% in the past 24 hours to approximately $62,580.
The equity transaction occurred through Strategy’s at-the-market program during the July 6–12 window, moving 4.8 million Class A shares. Monday’s SEC 8-K filing revealed the details of this capital raise.
Notably, Strategy refrained from any Bitcoin transactions throughout this timeframe. The company maintains its position of 843,775 coins, purchased at a $75,476 average cost basis.
This strategic move elevated Strategy’s dollar reserves by roughly 18% week-over-week, climbing from $2.55 billion to $3 billion by July 12.
Wall Street Endorses the Approach
Both Benchmark and TD Cowen released research notes Monday supporting the company’s decision.
TD Cowen maintained its Buy stance with a $260 target price. Analyst Lance Vitanza characterized the 8-K disclosure as “an early indication that management is beginning to execute against the framework” outlined during a recent investor presentation. The firm highlighted the expanded cash position and absence of Bitcoin purchases as evidence of “greater balance-sheet discipline.”
Benchmark similarly upheld its Buy rating, though analyst Mark Palmer established a significantly more aggressive $570 price objective. Palmer framed the equity sale as constructing a “dividend war chest,” emphasizing that current reserves can sustain the company’s annual dividend commitments for more than 20 months.
Neither research team views the Bitcoin purchase pause negatively. Both emphasized that investors should concentrate on Strategy’s objective of increasing Bitcoin-per-share metrics while maintaining the stability of its preferred equity financing structure.
Available Capital Capacity
Strategy retains $23.8 billion in untapped capacity within its MSTR ATM program. This figure incorporates $21 billion from a fresh facility unveiled March 23. Management indicated it might access this additional capacity as the current offering approaches full utilization.
This development follows Strategy’s recent sale of 3,588 BTC — valued at roughly $216 million — executed to replenish reserves and support preferred share dividend distributions. These transactions occurred from June 29 through July 5, at average prices of $59,256 and $60,773 per Bitcoin.
Strategy is also gearing up for its inaugural semi-monthly STRC preferred dividend distribution on July 15, following the twice-monthly payment schedule introduced June 8.
In its June 29 regulatory filing, Strategy disclosed selling 12.7 million MSTR shares generating $1.15 billion in net proceeds, again without any corresponding Bitcoin acquisitions during that period.
The post Strategy (MSTR) Stock Dips 3% After $467M Share Sale Without Bitcoin Purchase appeared first on Blockonomi.

Điểm nổi bật
PI giảm 17% trong phiên giao dịch vào thứ Hai, chạm mức thấp kỷ lục chưa từng có là 0,0785 USD
Khối lượng giao dịch bùng nổ 129% lên 17,7 triệu USD, cho thấy đà bán tháo dữ dội
Đồng token đã giảm hơn 60% từ đầu năm đến nay và thấp hơn 97% so với mức đỉnh kỷ lục 2,99 USD
Các chỉ báo kỹ thuật bao gồm Accumulation/Distribution, MFI và Funding Rate tiếp tục phát đi tín hiệu áp lực giảm giá
Các thành viên kỳ cựu trong hệ sinh thái được gọi là “những người tiên phong” dường như đang thanh lý vị thế của họ
Tiền mã hóa Pi Network đã sụt giảm thảm khốc vào thứ Hai, ngày 13 tháng 7, khi PI lao xuống mức thấp kỷ lục chưa từng có là 0,0785 USD, tương ứng mức sụp đổ 17% trong một ngày. Diễn biến lao dốc này trùng khớp với nhiều báo cáo cho thấy các nhà tham gia mạng lưới lâu năm, được gọi là “những người tiên phong”, đang tích cực xả token của họ.

Key Highlights
Stephen Gregory, CEO of Binance.US, aims to capture 20% of America’s cryptocurrency exchange market following a prolonged regulatory freeze
Trading fees have been slashed dramatically: 0% for makers and just 0.02% for takers on over 250 spot trading pairs
Future product expansion includes derivatives trading, perpetual futures contracts, and prediction market platforms
SEC withdrew its civil case against Binance, Binance.US, and Changpeng Zhao in May 2025
Banking services for USD transactions resumed across most states in February 2025
After enduring a challenging two-year period marked by intense regulatory scrutiny, Binance.US is mounting an aggressive campaign to recapture significant market territory in the American cryptocurrency landscape.
Binance US Plots Comeback With 20% U.S. Market Share Target
Binance US CEO Stephen Gregory said the company is restarting growth after a two-year regulatory setback and plans to reclaim about 20% of the U.S. crypto trading market. Binance US, the U.S. affiliate operating under… pic.twitter.com/IogW3KSez0
— Wu Blockchain (@WuBlockchain) July 14, 2026
Stephen Gregory, the exchange’s chief executive, characterized the recent past as a period of enforced dormancy linked to regulatory complications affecting the broader Binance ecosystem. The platform is now transitioning into an active growth phase.
At its peak, Binance.US commanded approximately one-fifth of the United States crypto trading volume. Gregory has established this benchmark as the company’s renewed objective, positioning the platform as a direct challenger to established players like Coinbase and Kraken.
According to Gregory, the company initiated direct conversations with its most significant former clients to understand what incentives would encourage their return to the platform.
Ultra-Competitive Fee Structure Powers Revival Plan
Binance.US implemented dramatic fee reductions in April, establishing zero-cost maker fees and taker fees of 0.02% or less on more than 250 spot market pairs. Certain trading pairs feature taker fees as minimal as 0.01%.
Gregory characterized the service as “virtually a fee-free exchange.” This pricing approach aims to increase order flow, narrow bid-ask spreads, and enhance overall market liquidity.
The platform operates with a streamlined workforce to maintain operational efficiency. Gregory indicated that custody solutions could generate supplementary revenue beyond core trading operations.
Binance.US emphasizes its status as an independent American entity with separate governance. While sharing branding and beneficial ownership with Binance.com, it operates under exclusive licensing for U.S. market participants.
Product Diversification Awaits Regulatory Green Light
Gregory revealed that Binance.US intends to pursue regulatory licenses enabling derivative instruments, perpetual futures contracts, and prediction market platforms. These offerings are currently unavailable on the platform.
All expansion initiatives require regulatory clearance. The existing service portfolio encompasses spot trading, cryptocurrency conversion, over-the-counter transactions, and staking services. Geographic restrictions apply to certain features based on user location.
Regulatory conditions have improved substantially for the platform. The Securities and Exchange Commission discontinued its civil action against Binance, Binance.US, and founder Changpeng Zhao in May 2025.
Fiat currency deposit and withdrawal capabilities were reinstated for most supported jurisdictions in February 2025, following the loss of certain banking relationships in 2023.
Stephen Gregory assumed the CEO position on March 9, succeeding Norman Reed, who transitioned to an advisory capacity. Gregory brings extensive compliance expertise to the leadership role.
The exchange confronts ongoing challenges in restoring market depth and user confidence. Several U.S. jurisdictions remain either unsupported or limited to cryptocurrency-only services due to varying state-level regulatory approvals.
Gregory emphasized that expanding Binance-branded liquidity access for American traders represents a key priority. “Competition provides the strongest customer safeguards,” he stated.
Achieving the ambitious 20% market share objective hinges on whether competitive fee structures, expanded licensing, and diversified product offerings can successfully restore trading activity to previous levels.
The post Binance US Aims for 20% Market Dominance Following Regulatory Storm appeared first on Blockonomi.

Key Highlights
Semiconductor stocks plummeted 4.8%, sending the Nasdaq down 1.5% in Monday’s trading session
South Korea’s KOSPI index crashed nearly 9%, triggering a ripple effect across U.S. chip manufacturers
SK Hynix’s American Depositary Receipt debut stumbled, declining more than 9% in its inaugural U.S. trading session
Bitcoin tumbled over 2% to approximately $62,380 as market participants increased July Fed rate hike probability to 50%
Escalating oil costs and heightened U.S.-Iran geopolitical tensions are fueling renewed inflation anxieties before Tuesday’s CPI data
Major U.S. stock indices experienced significant losses on Monday as semiconductor equities led a broad technology sector retreat. Digital currencies also faced downward pressure as market participants recalibrated their Federal Reserve policy outlook.
The tech-heavy Nasdaq Composite declined 1.5% by the closing bell. The broader S&P 500 shed 0.8%, while the Dow Jones Industrial Average retreated 138 points, translating to a 0.3% loss. The Philadelphia Semiconductor Index bore the brunt of selling pressure, plummeting 4.8%.
E-Mini S&P 500 Sep 26 (ES=F)
Excluding technology equities from the equation, however, reveals a considerably more stable market environment. The ProShares S&P 500 Ex-Technology ETF concluded trading essentially unchanged.
Semiconductor Sector Reels Following Korean Market Turmoil
The sharp decline in chip stocks followed an exceptionally volatile trading day in Asian markets. South Korea’s KOSPI benchmark index closed Monday’s session down nearly 9%, transmitting shock waves throughout international financial markets.
BREAKING: Korea Exchange (KRX) halted program selling for 5 minutes as KOSPI crashed -5%. pic.twitter.com/wfrubIF042
— Bull Theory (@BullTheoryio) July 14, 2026
SK Hynix, the prominent memory chip manufacturer, commenced U.S. trading on Monday through American Depositary Receipts. The debut proved inauspicious, with shares declining over 9%, echoing the company’s substantial intraday collapse on the Seoul exchange.
Memory semiconductor producers had ranked among 2026’s top-performing equities. Monday’s trading session abruptly erased a portion of those impressive gains.
Other chip-sector companies experienced sympathetic declines. The industry-wide downturn underscored the depth of interconnection between American investors and international semiconductor supply networks.
Digital Assets Retreat as Federal Reserve Tightening Expectations Surge
Bitcoin declined more than 2% over a 24-hour period, trading around $62,380. Ether, XRP, and additional prominent digital tokens recorded comparable losses.
Bitcoin (BTC) Price
The cryptocurrency selloff materialized as money market instruments began pricing approximately a 50% probability of a Federal Reserve interest rate increase in July. This figure represented a dramatic shift from the roughly 10% probability observed just days earlier.
The adjustment followed public remarks from Federal Reserve Governor Christopher Waller, who indicated policymakers might need to implement rate increases to contain inflationary pressures.
The two-year U.S. Treasury yield advanced to 4.29%, reaching its highest level since early in the previous year. This segment of the yield curve typically tracks closely with near-term monetary policy expectations.
Accelerating petroleum prices are compounding inflation concerns. West Texas Intermediate crude has surged to nearly $80 per barrel from $67 at the month’s beginning.
The oil price spike stems from intensifying U.S.-Iran geopolitical friction. President Trump reestablished a naval blockade targeting Iranian vessels in the Strait of Hormuz and instituted a 20% transit fee on additional cargo traversing the strategic waterway.
Market participants are now directing attention toward Tuesday’s Consumer Price Index release. Economic forecasters anticipate headline CPI will register below 4% on an annual basis, potentially marking the first simultaneous decline in both headline and core inflation measurements since January.
Federal Reserve Chair Kevin Warsh is additionally scheduled to deliver testimony before Congress. Financial markets will be scrutinizing his statements for any indications regarding the monetary policy trajectory.
Analysts at ING observed that Warsh maintains flexibility to keep rates unchanged despite external pressures, and that any implemented rate increase could subsequently be reversed through more substantial rate reductions.
The post Semiconductor Selloff Sends Wall Street Tumbling as Bitcoin Retreats on Rate Concerns appeared first on Blockonomi.

Điểm nổi bật
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