Nasdaq
NASDAQ is a stock exchange and the world's first fully electronic trading system. Currently, NASDAQ lists over 3,000 companies, the majority of which are technology and innovation-focused companies. Its key indices, including the Nasdaq Composite Index and the Nasdaq-100 Index, are widely used to measure the performance of US and global technology stocks. Operated by Nasdaq, Inc., NASDAQ provides not only securities trading but also market data, clearing services, and financial technology support.
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Grayscale has filed a Worldcoin ETF registration statement with the U.S. SEC, planning to list on Nasdaq
According to The Block, Grayscale has filed a Grayscale Worldcoin ETF registration statement with the U.S. Securities and Exchange Commission. The filing shows that the fund will hold World Network's native token WLD as a passive investment vehicle, and the value of its shares will be determined based on the value of WLD held by the trust, less relevant fees.
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Block
Grayscale
The Block
World
Bitcoin Mining Company LM Funding America Renamed to PowerCompute, Focusing on AI Compute Infrastructure
According to GlobeNewswire, LM Funding America, Inc. announced that it will officially be renamed PowerCompute, Inc. effective July 22, 2026, and its common stock will also trade on Nasdaq under the new ticker symbol PWCM beginning at the market open on that day.
Bitcoin
Company
LM Funding
Exodus Cuts 25% of Global Workforce, Shifts Focus to Stablecoin Payments and Card Infrastructure
Odaily News: Exodus is laying off 25% of its global workforce to reduce costs and refocus its business on stablecoin payments and card infrastructure. The company stated that this restructuring is part of its strategy to build a full-stack payment platform following the acquisitions of Monavate and Baanx. It expects to save $10 million to $13 million in annual cash operating expenses by 2027, with restructuring costs of $3.5 million.
Baanx
CoinDesk
Exodus
Focus
Monavate
Bitcoin mining company LM Funding America rebrands as PowerCompute, pivoting to AI computing infrastructure business
Nasdaq-listed Bitcoin mining company LM Funding America announced it will officially change its name to PowerCompute effective July 22, 2026, to align with its new strategic direction of transitioning into the AI computing infrastructure sector. Meanwhile, its common stock is expected to begin trading on the Nasdaq market under the new ticker symbol "PWCM" from the market open on July 22, with the CUSIP number remaining unchanged. Shareholders are not required to take any action in response to the name and ticker change.The company plans to leverage its existing facility resources and low-cost electricity advantages to provide high-performance computing (HPC) and artificial intelligence (AI) infrastructure services to clients. Currently, the company owns two operational facilities with a total of 26 megawatts (MW) of low-cost power resources and intends to further serve enterprise clients with demand for AI computing power. This rebranding marks LM Funding America's further transformation from a traditional crypto mining enterprise into a "computing infrastructure provider," betting on the growth of the AI data center and high-performance computing market. (Globenewswire)
Bitcoin
LM Funding
Meanwhile
Korean Stock Market's Correlation with Nasdaq Nears Two-Year High, Becoming a Barometer for Global AI Investment Sentiment
Odaily News As the correlation between the South Korean stock market and US tech stocks continues to strengthen, global fund managers are increasingly viewing the Korean market as a leading indicator for gauging AI investment sentiment. It has become a new norm to monitor the pre-market movements of Korean tech giants like Samsung Electronics and SK Hynix.Data shows that the 60-day correlation coefficient between the Korea Composite Stock Price Index (KOSPI) and the Nasdaq 100 Index has risen to 0.46, approaching its highest level in two years and roughly three times the five-year average of 0.16. Notably, during market downturns, the Nasdaq's sensitivity to KOSPI movements increases significantly, with the relevant indicator reaching its highest level since 1990 on the 7th of this month.Driven by concerns over AI demand prospects, the KOSPI plunged nearly 9% on the 13th of this month, dragging SK Hynix's ADR down over 9% and contributing to a broad decline in the US semiconductor sector. Institutional sources including J.P. Morgan Asset Management and PineBridge noted that global investors now use the Korean market to assess risk appetite in the AI sector, even tracking SK Hynix ADR and related ETF performance after the Korean market closes.Ivan Feinseth, Chief Investment Officer at Tigris Financial Partners, stated that the Korean market, along with the Nasdaq and the Philadelphia Semiconductor Index, has formed a core coordinate system for global tech stock volatility. Samsung Electronics, SK Hynix, and the KOSPI are becoming "pre-market indicators" for risk appetite in the US AI and semiconductor markets.However, since its June peak, the KOSPI has fallen by a cumulative 25%, wiping out approximately $1 trillion in market value. Both Samsung Electronics and SK Hynix shares have dropped over 30% from their highs. Leveraged trading has amplified market volatility, making the South Korean stock market one of the most volatile among major global indices. (Bloomberg)
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Market
Price
Sentiment
摩根大通
Bitget Trading Bots Now Support US Stock Tokens (rToken) Smart Positioning Feature
According to the official announcement, the Bitget Trading Bot now supports smart holdings for US stock tokens (rTokens). It has also simultaneously launched multiple recommended portfolios, including the US Stock Top 10 Giants Mag 10, Serenity Holdings, Musk Concept, and more, enabling users to copy holdings with one click and automatically manage positions. Users can navigate to "Trading Bot" and select "Smart Holdings", choose a desired portfolio from the recommendations, enter the investment amount, and establish the position. Alternatively, they can create manually by configuring supported stock rTokens and cryptocurrencies, setting target allocations and rebalancing conditions for each asset, and completing the creation. App users can upgrade to the latest version to experience this feature. It is reported that rTokens, identified by the letter "r" plus the stock ticker (e.g., Nvidia as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They connect directly to global liquidity pools such as Nasdaq and NYSE through cooperation with the compliant broker Alpaca. Features include: underlying assets reserved 1:1 and custodied by licensed institutions, stock dividends distributed 1:1 in token form, support for synchronized mapping of corporate actions (stock splits, etc.), and holdings can serve as joint margin for Unified Accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
ALLO
Bitget
Feature
Reality
RWA Inc.
Serenity
Goldman Sachs: After Kimi K3 Release, Zhipu and MiniMax Plummet, Era of Compute Monopoly Faces End
According to TechFlow Research, Goldman Sachs' July 18 report pointed out that Moonshot AI released the Kimi K3 model, with 2.8 trillion parameters, surpassing Claude Fable 5 and GPT-5.6 Sol to top the Arena.ai coding leaderboard, with API pricing at $2.3 per million tokens setting a new high for Chinese models. Two days after the release, Zhipu AI fell 28%, MiniMax fell 16%, Nasdaq 100 index futures fell over 1.8%, and the Philadelphia Semiconductor Index cumulatively fell over 18% from highs. Goldman Sachs believes Kimi K3 marks a turning point: a Chinese lab unable to match the largest pre-training compute capacity in the West rapidly narrowed the gap with top US models through architectural innovation and reinforcement learning, proving that "scaling" is no longer the only winning path. Goldman Sachs warns that the "compute expansion era" may be ending, and the AI infrastructure investment logic built around "the more compute, the better" needs to be rewritten. Goldman Sachs maintains a Buy rating on MiniMax and Neutral on Zhipu AI. Future focus should be on the intensive launch of 2-5 trillion parameter models such as Zhipu GLM, Alibaba Qwen, and MiniMax M3 Pro.
Future
Golem
Moonshot
Moonshot
Moonshot
Neutral
Bitdeer maintains zero Bitcoin holdings, selling 244.3 BTC this week
Nasdaq-listed Bitcoin mining company Bitdeer released its latest Bitcoin holdings data on platform X. For the week ending July 17, its Bitcoin mining output was 244.3 BTC, but it sold 244.3 BTC during the same period, resulting in a net increase of 0 BTC. It continues to maintain zero Bitcoin holdings.
Bitcoin
Bitdeer
Peter Brandt: Nasdaq Futures Show Diamond Top Formation, Bitcoin May Bottom at $40,000
Peter Brandt, a seasoned trader and renowned chart analyst, has released his latest technical analysis. He points out that the daily chart of Nasdaq 100 mini futures is forming a diamond pattern, indicating a potential market top. Regarding Bitcoin, Brandt offers a forecast based on historical cycles: BTC may first rebound by $10,000, then retreat to the $40,000 range, forming the bottom of the current cycle around early October 2026. With the current price fluctuating near $60,000, he warns of the downside risk associated with false breakouts. Maintaining a long-term optimistic view, Brandt suggests that if Bitcoin continues its four-year halving cycle pattern, the price could reach between $300,000 and $500,000 by 2029.
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Bitcoin
Diamond
Formation
Bitget 新增 22 只美股代币（rToken）支持周末交易
据官方公告，Bitget 新增 22 只美股代币（rToken）支持周末交易，包括 rMRNA（莫德纳）、rAMAT（应用材料）、rORCL（甲骨文）等标的。本次更新后，平台支持周末交易的股票代币数量增至 61 只。 在美股休市期间，平台将基于周五收盘价、做市商报价及市场预期综合生成周末连续交易价格。该功能支持限价单及止盈止损设置。为防范异常波动，系统对周末限价单设有约 ±20% 的保护限制。 据悉，以字母 r + 股票代码（如英伟达为 rNVDA）为标识的 rToken，由 Bitget 旗下持牌 RWA 协议 Reality 发行，通过与合规券商 Alpaca 合作直连纳斯达克、纽交所等全球流动性池。其特点包括：底层资产 1:1 储备并由持牌托管机构托管、股票股息以代币形式 1:1 派发、拆合股等公司行为同步映射，且持仓可作为统一账户及 U 本位合约的联合保证金，让用户在持有全球股票资产的同时，仍能灵活管理资金。
ALLO
Bitget
Reality
RWA Inc.
Xend Finance
Serenity: Small Wafer Allocation Could Support Hundreds of Millions in Gross Profit; CPO Volume Expansion May Further Unlock Growth Potential
"White Hair Stock God" Serenity published an analysis stating that if Sivers obtains approximately 10% of wafer capacity allocation from foundry Win Semi through an asset-light model, under the assumptions of 65% yield and an ASP of $50 to $75, the annual revenue from its optical array products could reach $341 million to $512 million. Based on management’s gross margin target of 50% to 60%+, the corresponding annual gross profit would be approximately $205 million to $307 million.At Sivers' current market cap of around $1.1 billion, the market cap-to-gross profit multiple in this scenario would be only about 3.6x to 5.4x. If the capacity allocation increases to 15%, annual gross profit could rise to between $307 million and $461 million, correspondingly reducing the valuation multiple to 2.4x to 3.6x.Serenity pointed out that Sivers' CEO has previously confirmed the company is cooperating with more wafer fabs to expand capacity, and since 2024, the scope of its supply chain certifications has been continuously expanding. With the accelerated development of the co-packaged optics (CPO) market, future revenue guidance and capacity plans may be further revised upward.On the demand side, supply of continuous wave (CW) lasers remains tight. Lumentum’s financial report indicates the company has begun purchasing CW lasers from the open market to fulfill EML orders. TrendForce data shows that AMD is securing related capacity through long-term agreements. Serenity believes that as Sivers enters mass production with partners such as GlobalFoundries, Jabil, Ayar Labs, POET, and O-Net, any newly added and certified independent capacity could be quickly absorbed by the market.Additionally, a recent report from Morgan Stanley has listed Sivers, with a market cap of approximately $1.1 billion, as one of the three core players in the CPO laser field, alongside Coherent and Lumentum, which each have market caps exceeding $55 billion. Serenity believes that beyond its existing business, Sivers—having listed on Nasdaq—may also expand its TAM through future M&A, replicating the growth path of Lumentum's acquisition of Cloud Light to enter the complete optical module and optical engine market.
Aspecta
Based
Based
Coherent
EML Protocol
Light
TON Strategy Completes Legacy Business Phase-Out, Expected to Reduce Annual Operating Costs by $4 Million
TON Strategy Company (TONX), a Nasdaq-listed digital asset reserve company, announced it has substantially completed the phase-out of its legacy social e-commerce and software businesses inherited from Verb Technology, and disclosed preliminary performance data for its June staking operations. TON Strategy stated that this adjustment aims to optimize its cost structure, allowing the company to focus its strategy more sharply on managing the Gram token reserve and supporting the development of the TON ecosystem. The current phase-out primarily involves:Legacy agency business and live-streaming shopping services from MARKET.live;Business related to the LyveCom social e-commerce software.TON Strategy expects this adjustment to reduce the company's annual cash operating expenses by approximately $4 million and further streamline its operational structure. The related financial impacts are expected to begin appearing in the financial reports for the second quarter of 2026, and to be fully reflected in subsequent quarters. (Globenewswire)
Company
June
Strategy
Tokamak Network
Ton
TONX
Bitget Adds 16 US Stock Tokens (rToken) Including Kroger, Jabil Inc., and More
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
ALLO
Bitget
NVIDIA
Reality
RWA Inc.
SpiderDAO
Listed company Hyperion reaches 500,000 HYPE bond agreement with Skew to jointly expand the Hyperliquid institutional perpetual contract market
According to The Block, Nasdaq-listed Hyperliquid treasury company Hyperion DeFi (HYPD) announced a HYPE Asset Usage Service Agreement (HAUS) with Skew Technologies and will deploy 500,000 staked HYPE (approximately $33.59 million) to Skew to support Skew's launch of a new suite of institutional-grade perpetual futures products on the Hyperliquid HIP-3 permissionless market. In return, Hyperion will receive equity in Skew and a revenue share from market listing services. Previously, Hyperion had terminated similar staking agreements with Felix and Native Markets because both built HIP-3 markets based on Hyperliquid's deprecated native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle's USDC as the primary quote asset, with Coinbase serving as the stablecoin vault provider.
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Block
Circle
Coinbase
Felix
Gameta
NYDIG: Leverage Rather Than Spot Demand Drives Bitcoin, Value and Momentum Buyers Still on the Sidelines
According to the NYDIG research report (Author: Greg Cipolaro, July 10, 2026), Bitcoin fell 13.4% in the second quarter of 2026, with year-to-date losses expanding to 32.9%, while the Nasdaq 100 Index rose 27.7% and tech stocks surged 43.5% during the same period, indicating that this decline was not due to macro risk aversion, but rather Bitcoin-specific supply pressure. The core pressure stems from Strategy (MSTR) launching the "Digital Credit Capital Framework," authorizing the sale of approximately $1.25 billion worth of Bitcoin to cover capital structure obligations, marking a shift of the largest historical marginal buyer from continuous accumulation to active monetization, and the DAT complex overall turning from a demand engine to a supply risk. Regarding ETFs, U.S. spot Bitcoin ETFs saw a net outflow of $4.9 billion in the second quarter, but the Morgan Stanley Bitcoin Trust attracted $364.8 million in inflows against the trend, showing distribution channels remain competitive. Regarding the derivatives market, against the backdrop of weak spot demand and continuous outflows from ETFs and stablecoins, positive funding rates coupled with rising open interest indicate leveraged longs are rebuilding positions, posing a risk of passive liquidation triggering a new round of declines. Bitcoin has currently fallen 54.3% cumulatively from the all-time high of $126,000 set on October 6, 2025; if referencing the 2018 and 2022 cycles (gradually narrowing declines of approximately 70%, approximately 370
Bitcoin
Datum
Greg
Momentum
Monsterra
NYDIG
Tim Draper Reveals Why He Missed Investing in Coinbase Early On, Believing Crypto Market Was Too Early for Mainstream Adoption
Tim Draper, founder of Draper Associates, stated that his early decision not to invest in Coinbase was due to his judgment that widespread retail crypto adoption would still take a considerable amount of time, rather than a lack of belief in Coinbase co-founder and CEO Brian Armstrong.Tim Draper revealed that at the time, he had already invested in the early Bitcoin company Coinlab, which is why he initially did not invest in Coinbase. His son, Adam Draper, disagreed with this assessment and wrote the first check to Brian Armstrong. Tim Draper subsequently participated in Coinbase's next funding round. Coinbase was later founded by Brian Armstrong and Fred Ehrsam and grew into a crypto platform, listing on Nasdaq under the ticker symbol COIN.Tim Draper stated that Coinbase has become one of the representative investments of Draper Associates Fund V, with the returns from Coinbase alone nearly doubling the overall size of the fund.
Bitcoin
Brian
Coinbase
Mainstream
Market
Bitget Staking Borrowing Now Supports 39 Stock Tokens as Collateral
Odaily Odaily news, according to the official announcement, Bitget's Staking Borrowing section has newly added support for 39 stock tokens (rToken) as collateral assets. The newly listed targets include popular US stocks and ETFs such as rAMD, rSMH, rARM, and rSKHY, covering diverse categories including semiconductors, finance, healthcare, and energy.Users holding relevant stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, unlocking liquidity without selling their holdings. The corresponding feature on the Web platform has been launched, with the App version expected to go live within this week. Specific collateral parameters and more details can be found on the Bitget official platform.It is reported that rTokens, identified by the letter r + stock ticker (e.g., rNVDA for NVIDIA), are issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage Alpaca, it connects directly to global liquidity pools such as Nasdaq and the NYSE. Its features include: 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (stock splits, reverse splits, etc.), and the ability to use holdings as combined margin for unified accounts and USDT-margined contracts, allowing users to manage funds flexibly while holding global stock assets.
ALLO
Bitget
Circle
NVIDIA
Reality
RWA Inc.
Samsung official denies US ADR plan, but internal evaluation has already been initiated
Odaily, Citrini analyst jukan posted on X platform, stating that Samsung Electronics has reportedly begun an internal evaluation of a plan to issue American Depositary Receipts (ADRs) in the United States and is studying the relevant operational procedures. Although Samsung Electronics has officially denied considering a US listing through an ADR issuance, staff-level employees have begun assessing potential costs, benefits, and necessary procedures under the direction of senior management.Sources from the semiconductor industry said that relevant departments at Samsung Electronics are studying whether a viable US ADR issuance structure can be established. Teams such as finance and investor relations are identifying their respective tasks and processes should the US listing move forward. This evaluation is considered a preliminary feasibility study and does not indicate that Samsung Electronics has decided to list or determined the timing and scale of the issuance.Samsung Electronics employees have also reportedly requested information on the preparation process and practical experience from SK Hynix, which recently issued ADRs and listed on the Nasdaq. Bloomberg reported on July 14 that Samsung Electronics had held preliminary discussions with investment banks regarding a potential US listing via ADRs, but no specific decisions have been made regarding underwriters or the issuance structure, and ultimately, a listing may not occur. Following the report, Samsung Electronics stated that the company has not considered listing on the US stock market through an ADR issuance. SK Hynix issued ADRs on July 10 at $149 per share, raising approximately $26.5 billion, or about 40 trillion Korean Won, making it the second-largest listing in the history of the US stock market, trailing only SpaceX, which raised $85.7 billion through its initial public offering last month. It also represents the largest listing by a foreign company in the United States.
CPI 前夕 1 名巨鲸持 7400 万纳指重仓，多单规模独占该合约 21%持仓量
据 Hyperinsight 监测显示，0x3e7 开头巨鲸当前在 Hyperliquid 上以 20 倍全仓杠杆持有 2,527.7 枚纳斯达克 100 指数（XYZ100）多单，名义规模约 7,429.8 万美元，约占该平台 XYZ100 全部未平仓合约量的 21.6%，为最大 XYZ100 多头。
Hyperliquid
Hyperliquid HIP-3 On-Chain Stock Perpetual Contracts Trading Volume Surges, Now Accounting for Nearly 50% of Total Platform Volume
According to The Block, Hyperliquid's HIP-3 framework—a permissionless mechanism that allows developers to freely deploy perpetual contract markets—has seen its trading volume share surge from about 2% at the beginning of the year to nearly 50% currently, with growth primarily driven by demand for on-chain stock trading. Currently, this sector is dominated by TradeXYZ, whose products include XYZ100, which tracks the Nasdaq 100 Index, as well as perpetual contracts for individual stocks such as NVIDIA and Tesla, all settled in stablecoins. Analysts point out that the core appeal of on-chain stock perpetual contracts lies in two aspects: first, the no-expiration design avoids time value decay compared to traditional options, making it more intuitive for retail traders accustomed to simple long/short positions; second, 24/7 non-stop trading enables users to respond immediately when news is released, without waiting for traditional markets to open.
Block
Chain
Gameta
Hyperliquid
NVIDIA
The Block