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On July 13, U.S. Eastern time, all three major U.S. stock indexes closed lower, with technology stocks becoming the core force dragging the broader market down. By the close, the Dow Jones Industrial Average fell 138.37 points, down 0.26%, to 52,498.64; the S&P 500 fell 60.05 points, down 0.79%, to 7,515.34; and the Nasdaq Composite plunged 408.43 points, down 1.55%, to 25,873.18.
Mega-cap tech stocks saw mixed performance, with Microsoft, Amazon, and Apple closing slightly higher, but Tesla and Nvidia fell more than 3%, while Google and Meta dropped more than 1%. Chip stocks were hit by a wav

South Korea’s mandatory liquidation scale in July reached 344.2 billion won, reflecting a credit-book crisis in the Korean stock market stemming from high-leverage trading. According to data from the Korea Financial Investment Association, as of July 9, the cumulative amount of mandatory liquidation for the month had already reached 344.2 billion won. Of that, mandatory liquidation on July 9 alone totaled 142.2 billion won, surging nearly 5 times from the previous day and setting a new one-month high.
The direct trigger of this wave of “dead-pan” liquidation was panic-driven plunges in the Kor

Bitcoin’s planned “eCash” hard fork is an experimental proposal led by veteran developer Paul Sztorc (LayerTwo Labs CEO). It is planned to split off into a new chain from the Bitcoin mainnet in August 2026 (at approximately block height 964,000). Note that this proposal is completely different from the existing eCash (XEC, formerly BCHA).
Core mechanisms and technical features
The new chain will nearly fully replicate the Bitcoin Core codebase, use the SHA-256 algorithm, but reset the initial mining difficulty. Its core selling point is the integration of BIP300/BIP301 Drivechains technology.

Bitcoin Re-tests the $64,400 Resistance Level—A Key Battlefield for Bulls and Bears
After bottoming out around $61,500 and rebounding, Bitcoin has continued to repair its losses and is once again approaching the key resistance zone where the previous high-volume trading area of $64,200–$64,400 overlaps with the 0.618 Fibonacci retracement level. This region is not only the “sell wall” where prices have repeatedly surged and then pulled back in recent sessions, but it also corresponds to the average cost range of short-term holders ($64K–$68K), with relatively concentrated pressure to break eve

The New Hampshire Business Finance Authority (BFA) has previously approved the issuance of a $100 million Bitcoin-backed municipal bond, and a public hearing will be held by the Governor and the five-member Executive Council on July 8, 2026, entering the final approval process. If approved, this would become the first state-level municipal revenue bond in the United States backed by Bitcoin.
This bond is a "conduit revenue bond" issued by a private borrower (affiliated mining company CleanSpark) through the NH CleanSpark Borrower Trust 2026-1. New Hampshire acts solely as a conduit issuer and

IREN Plunges More Than 10% in a Single Day After Co-CEOs Receive Equity Grants Worth About $800 Million
On July 1, 2026, IREN (formerly Iris Energy), a Nasdaq-listed Bitcoin mining and AI infrastructure company, disclosed that its board granted each of its co-CEOs—brothers Daniel Roberts and William Roberts—9,099,328 shares of restricted stock units (RSUs), totaling more than 18 million shares. Based on the market price at the time, the total value is approximately $780 million to $800 million, or nearly $400 million per person. The RSUs vest in equal installments over four years; after each t

Bitcoin has fallen over 50% from its October high last year, and the crypto market is in a deep correction
After Bitcoin hit an all-time high of approximately $126k in October 2025, its rally came to an abrupt halt. Recently, the price briefly fell below $60k, with a cumulative decline of over 50% from the peak, nearly halving and officially entering a technical bear market. Major coins such as Ethereum and Solana followed the decline, and the total daily liquidation amount across the network repeatedly exceeded $1 billion.
This deep correction is the result of a confluence of macro headwinds

KOSPI, the Korea Composite Stock Price Index, recently experienced a rare single-day surge of about 5%, even triggering a program buy halt mechanism during the session, staging a classic V-shaped reversal.
There are three main direct catalysts:
First, U.S. memory chip giant Micron delivered strong earnings and issued optimistic AI demand guidance, reigniting expectations for a global memory super cycle. Second, SK Hynix is reportedly planning to list ADRs on Nasdaq to raise up to approximately $29 billion; if the funds flow back to South Korea, it would benefit both domestic expansion and the

Crude Oil Prices Decline: Causes and Market Impact
In early July 2026, WTI crude oil fell below $69 per barrel and Brent crude oil fell below $72 per barrel, reaching a nearly three-month low.
Main Reasons for the Decline
First, the geopolitical risk premium has eased—U.S.-Iran have signed a temporary memorandum of understanding, shipping through the Strait of Hormuz has returned to normal, and the war premium that had been raised by earlier conflicts has quickly been unwound. Second, expectations of looser supply—OPEC+ is considering continuing to raise production modestly, U.S. shale oil pro

According to the 2025 annual financial disclosure report for Donald Trump released by the U.S. Office of Government Ethics (OGE) on July 1, 2026, President Trump reported that his total revenue from cryptocurrency-related business reached between $1.2 billion and $1.4 billion, with more than $600 million coming from Meme Coin and brand licensing alone.
The following is a brief overview:
Trump discloses more than $600 million in crypto revenue; crypto business becomes a new engine of wealth
On June 30, 2026, the U.S. Office of Government Ethics released President Donald Trump’s 2025 annual fina

Solana (SOL) recently rebounded from around $64, briefly touched $72, gaining about 14%, and reclaimed a key integer level. The main drivers of this rally are improved macro risk appetite and on-chain derivatives short covering, while daily trading volume of tokenized equities on the Solana network exceeded $113 million, adding narrative heat, and futures funding rates turned positive, indicating short-term sentiment recovery.
However, note the fundamental divergence: Solana's on-chain TVL has declined about 11% in recent months, weekly DEX trading volume dropped from a February peak of $30 bi

Solana (SOL) surged approximately 9% today, rebounding from near a recent support level to the $74–$75 range, boosting market sentiment.
🔥 Key Catalysts
- Growing spot ETF expectations: Morgan Stanley updated the S-1 filing for a Solana spot ETF, specifying low fees and a staking mechanism, fueling institutional entry expectations.
- Institutional treasury accumulation: Solana treasury companies like Forward Industries aggressively built positions and staked, with related stock prices surging in tandem, creating positive feedback.
- On-chain ecosystem recovery: Weekly trading volume of tokeni

On June 25, 2026, driven by earnings that beat expectations and strong AI storage demand, U.S. memory chip leader Micron Technology (MU) surged more than 18% intraday. Its share price touched $1,236, and its market cap climbed to about $1.398 trillion—surpassing Meta Platforms (about $1.392 trillion) for the first time in history. It also briefly came close to Tesla (about $1.4 trillion), landing among the world’s top companies by market capitalization.
This jump was fueled by Micron’s explosive performance in the third quarter of fiscal year 2026. Revenue surged year over year to $41.46 billi

## U.S. Congress Passes Law Banning the Federal Reserve from Issuing CBDCs
In June 2026, the U.S. Congress—both the House and the Senate—successively passed the *21st Century ROAD to Housing Act* with large majorities. A closely watched provision was embedded in the bill: it clearly prohibits the Federal Reserve and its subordinate reserve banks from “directly or indirectly” issuing or piloting retail central bank digital currencies (CBDCs) aimed at the public, or any digital assets that are substantially similar to CBDCs. The ban remains effective until December 31, 2030.
Republican lawmakers

Micron Technology (MU) closed up about 6.8% in U.S. stocks on June 23, reaching a high of $1,213.56 intraday, and closing at $1,211.38, officially hitting a new all-time high, with a market capitalization surpassing $1.3 trillion.
The main driving factors are threefold:
- AI Storage Supercycle: The demand for HBM3E high-bandwidth memory surged driven by AI chips like NVIDIA Blackwell, with Micron’s HBM capacity already locked by leading cloud providers until the end of 2026, giving oligopolistic firms strong pricing power.
- Earnings Expectations Soar: The market is betting on the FY2026 Q3 ea

U.S. Senators have recently accelerated efforts to bring the Digital Asset Market Clarity Act (CLARITY Act, officially the Digital Asset Market Clarity Act) to a full Senate vote, marking the most substantial breakthrough in U.S. cryptocurrency regulation legislation to date.
The bill was already passed by the Senate Banking Committee with a 15:9 bipartisan vote in May this year. Its core content clarifies jurisdiction between the SEC and CFTC—fully decentralized assets like Bitcoin and Ethereum are classified as "digital commodities" under CFTC regulation, tokens with financing attributes rem

Bank of Japan Warns of Inflation Risks Above 2% Target, Raises Interest Rates to 31-Year High
The Bank of Japan (BOJ) concluded its monetary policy meeting on June 16, 2026, announcing an increase in the short-term policy interest rate from 0.75% to 1.00%, the highest level since 1995. The most market-focused point was that the central bank explicitly stated in its policy statement: "There is a risk of underlying CPI inflation deviating upward above the 2% price stability target," shifting the policy emphasis from previously focusing on "downside risks" to warning of "upside risks," which was

On June 17, 2026, U.S. time, the Federal Reserve announced its June FOMC interest rate decision, keeping the federal funds target range unchanged at 3.50%—3.75%, in line with market expectations. What truly caused a stir was the simultaneously released "dot plot"—out of 18 officials who submitted forecasts, 9 (half) expected at least one rate hike in 2026, with 1 expecting a 75 basis point increase, 5 expecting a 50 basis point increase, and 3 expecting a 25 basis point increase; another 8 believed rates should stay unchanged, with only 1 predicting a cut. This caused the median rate forecast

In May 2026, Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), officially put forward what is described as the largest IPO system reform in nearly two decades. He touted it under the banner of “Make IPOs Great Again.” Beyond lowering the threshold for companies to go public, the core goal is also to expand retail investors’ participation rights in new share offerings and improve their access to those offerings.
The reform measures mainly include: (1) significantly simplifying the listing path—proposing an “IPO Light” streamlined registration channel and shortening the