News linked to both this project and an event.
After market close on July 29, US Eastern Time, Microsoft (MSFT) and Meta (META) will release their Q2 2026 earnings reports simultaneously. The core market suspense is consistent: When will the massive AI capital expenditures yield returns? Bybit Academy brings you a preview of this earnings season feast: (1) Microsoft: Focus on whether Azure Cloud growth can offset continuously rising AI infrastructure investment, implied volatility 6.5%; (2) Meta: Capital expenditure guidance is the biggest highlight, whether the gap between AI investment and ad monetization can narrow, implied volatility 7.3%. Volatility for both may amplify today; the earnings trading window is open. Bybit US Stock Earnings Season Event Reminder: Currently in a limited-time trading task window period (7/21–7/30), trading META stock contracts earns extra points, independent from TSLA, GOOGL, AAPL, and AMZN tasks, and can be completed separately. Meanwhile, you can bet on the next-day Top Gainer among 10 popular US stocks including META in the "Top Gainer" daily prediction; those who bet correctly will proportionally share the points pool of those who bet incorrectly. This US stock earnings season lasts until August 30, with a million prize pool waiting to be unlocked, plus a Tesla Cybertruck grand prize.
Paradis Labs stated on platform X that it is currently difficult to determine whether semiconductor stocks have bottomed out. Most AI infrastructure-related stocks rose on the day, with SIVE, AEHR, and IQE gaining over 20%, and SNDK, MU, and AAOI rising over 10%.Paradis Labs noted that regardless of today's returns, gaining more clarity over the coming weeks will be more important: On July 22, GOOGL will release its Q2 earnings, which will serve as the first formal indicator of annual capital expenditure for approximately $750 billion in hyperscale cloud providers; On July 22-23, AMD will hold the Advancing AI event, where wafer foundry loading, advanced packaging, and laser-type demand roadmaps through 2027 can be observed; On July 23, INTC will report Q2 earnings, with 18A yield and foundry commitments potentially being major variables, while also providing insights into U.S. domestic manufacturing and packaging momentum; On July 23, IBM will report Q2 earnings, and with its market cap already down ~25%, the market's reaction to any guidance shortfall is worth watching; On July 24, 10% global tariffs expire, and new tariffs are expected to be imposed on dozens of countries, which could act as a stagflationary factor and influence the Fed's rate hike narrative; On July 27, Kimi K3's complete weights will be released; On July 28-29, the FOMC meeting will convene, with experts and Polymarket expecting rates to remain unchanged. It is noteworthy that a rate hike or a signal of a rate hike would represent the first true institutional shift for the AI trade; On July 29-30, META, MSFT, and AMZN will report earnings, providing more capital expenditure data; On July 30, the U.S. will release June core PCE.Paradis Labs also indicated that a ceasefire between the U.S. and Iran could be reached at any time. A 10-day proposal is currently on the table, while attacks continue. A formally confirmed ceasefire would be beneficial for oil prices and bullish for semiconductor stocks. The above is a high-level timeline of the key upcoming events, all of which will impact semiconductor stocks to varying degrees. When hyperscale cloud providers report earnings, AI capital expenditure will be the most important factor.
According to TechFlow Research, on July 14, 2026, Nomura Securities released a research report citing data from Japan's Ministry of Economy, Trade and Industry. Japan's packaging substrate shipment value in May reached 27.8 billion yen, a year-on-year increase of 36%, hitting a record high; shipment area increased by 10%, and the average price rose 23% to 1.356 million yen per square meter. The report pointed out that NVIDIA Rubin packaging demand will ramp up this summer (at latest by August), but the variable worth paying more attention to is that Rubin Ultra may shift from a four-die structure to a dual-module structure, as well as the large interposer integration challenges brought by HBM4 wiring upgrades. Intel released EMIB-T technology at ECTC, expected to complete mass production readiness in 2026, capable of integrating up to 12 HBM4 units under an interposer-less solution, with power supply voltage drop improved by 68-80% compared to EMIB; TSMC maintains its lead relying on 3DFabric Alliance and advantages in power delivery and heat dissipation. Nomura Securities believes that the core battlefield of the next-generation packaging competition lies in power delivery, heat dissipation, CPO, and 3D hybrid bonding, and excess returns in the packaging substrate industry will come from the ability to bind to customer technology roadmaps.
Base founder Jesse Pollak published a review of the past two years of development, acknowledging that his previous bet on on-chain native social was a mistake. He stated that social directions like Farcaster, Zora, Miniapps, and creator coins have failed to become the core drivers of crypto adoption, and as a result, Base has fallen behind some competitors in areas such as perpetual contracts, prediction markets, tokenization, and payments.Pollak stated that going forward, Base will position itself as the "blockchain for global finance," focusing on three key directions in 2026: trading, payments, and AI agents. Specifically, trading will cover tokenized stocks, Meme coins, and application tokens; payments will revolve around global stablecoins for individuals and businesses; and AI agents will leverage cryptocurrency as the native money for computers, serving participants in the future large-scale machine economy.Furthermore, the Base application will be handed back to the Coinbase team, with Cobie taking over to drive it forward, and it may expand beyond the Base ecosystem. Pollak also stated that Base will continue to support developers through Base Layer, Base Batches, the ecosystem fund, and Coinbase distribution resources.
Ethlabs 发布第二周进展，称随着项目进入启动与融资阶段，外部沟通持续增加。团队表示，正推进基于零知识技术的异步互操作方案，以提升跨链桥安全性和资产分发效率；其中，L2 至 L1 可由 intents 作为过渡方案，L1 至 L2 延迟则有望通过 FCR 改善。
According to TechFlow Research, Morgan Stanley released a research report on July 1 stating that, regarding Bloomberg's report on Meta planning a cloud computing business, it judges that Meta is more likely to choose the lighter path of renting out idle computing power rather than building a full cloud service benchmarking AWS. The report calculates that renting out 250 MW of computing power at $40/watt could be accretive to 2028 earnings per share by approximately 8%, and when the scale reaches 1000 MW, the accretion could reach 33%, but this earnings accretion is viewed as a transitional buffer, not the core logic supporting the rating. Morgan Stanley also mentioned that Meta's self-held computing power will expand to 1.9 GW and 3.4 GW in 2026 and 2027 respectively, providing room for the rental calculations. Morgan Stanley maintains its Overweight rating on Meta with a target price of $775, representing approximately 37.6% upside compared to the closing price of $563.29, while setting the 2027 capital expenditure expectation at $175 billion; if the cloud computing business scales up, there is a possibility of an upward revision in capital expenditure.
: The FAQs section of the Polymarket official documentation, under the question "Does Polymarket have a token?", is marked with "Updated Today". The latest content after the update, translated into Chinese, is as follows:All trading and liquidity rewards are denominated in pUSD, a standard ERC-20 token on the Polygon platform backed by USDC.Polymarket has not announced any plans for an airdrop or token distribution event. Please be cautious of scams claiming to be airdrops or giveaways. Furthermore, the platform has not disclosed any details regarding future potential projects, rewards, or eligibility criteria. We encourage users to focus on authentic interaction with the platform rather than relying on speculative information.
"Fed Whisperer" Nick Timiraos stated that there are three key points to watch in Warsh's first Fed meeting as chair:1. Will the "easing bias" language be removed? And if so, what will replace it? Since 2024, a sentence in the policy statement regarding "additional adjustments" has been signaling to the outside world that the next move in interest rates is more likely to be a cut than a hike. This language sparked dissent at the last Fed meeting and now appears increasingly untenable. Removing it could satisfy everyone: hawks want it gone, and Warsh can tout the move as a reform rather than a signal of a hawkish turn. Even Trump previewed this move during Warsh's swearing-in ceremony.2. Will the "dot plot" take over as a guidance tool? Who will predict a rate hike? The Fed will release its first interest rate projections since March; at that time, 12 of the 19 officials expected at least one rate cut in 2026. Now, most expect no cuts. I'm watching how many predict a hike—and whether Warsh, long skeptical of the dot plot, will submit his own projection or downplay its significance by not voting on it.3. How will Warsh communicate during the press conference? The Fed Chair's words can move markets only if people believe he commands a majority—that his words represent the committee's direction, not just his own views. Warsh leads a divided group that he may not fully control. If he faithfully conveys his colleagues' views, he can begin building the authority to speak for them; if not, colleagues will express themselves elsewhere (e.g., through dissenting votes). Under a chair inclined to reduce signaling, those "dissents" themselves may become the tools for sending signals. (Jinshi)
at today's 2026 Lujiazui Forum, Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that efforts must be made to strengthen supervision, eliminate regulatory gaps and blind spots, and ensure full coverage with no exceptions. Ding Xiangqun said that efforts should be concentrated on preventing and resolving risks to firmly uphold the bottom line of preventing systemic financial risks. Focus should be placed on "reducing existing risks and controlling new risks." Risks in small and medium-sized financial institutions should be addressed in a forceful and orderly manner, with support and coordination to resolve risks related to real estate and local government debt. Adhere to the principles of treating diseases before they occur and addressing problems at the source, improve early correction mechanisms for financial risks with hard constraints, and achieve early identification, early warning, early exposure, and early disposal.Focus on "managing legal activities while also managing illegal ones." Strengthen central-local coordination and departmental collaboration, and make every effort to eliminate regulatory gaps and blind spots to ensure full coverage with no exceptions. Take the overall battle of preventing and combating illegal financial activities as a starting point, maintain a high-pressure crackdown stance, strengthen whole-chain systemic governance, and strive to protect the people's "money bags." (CCTV News)
Odaily, Ethereum co-founder and Consensys CEO Joe Lubin stated that the recent layoffs, budget cuts, and leadership changes at the Ethereum Foundation are not a crisis, but a necessary evolution of the organization. In an interview, Lubin pointed out that the Ethereum Foundation should focus on safeguarding core protocol technology and values, while tasks such as adoption, ecosystem expansion, and institutional collaboration should be undertaken by other entities. Maintaining neutrality and credibility is crucial to avoid conflicts between commercial interests and developers. He noted a public misunderstanding of the Foundation's role: the EF's responsibility is to maintain the Ethereum protocol, not to lead commercialization or market competition strategies.Lubin also stated that the future of Ethereum will be shaped by multiple organizations working together to build the ecosystem, rather than relying on a single entity for leadership. He dismissed claims that Ethereum is on the decline, saying the network is still developing steadily, and pointed out that years of scaling efforts are laying the groundwork for the next wave of adoption, including on-chain transactions by autonomous AI agents and increased institutional usage. The Ethereum Foundation is narrowing its focus precisely to ensure the protocol can support a new generation of applications, while new organizations will take on the work of promotion and commercialization.Lubin noted that the next wave is the agent economy, where hybrid human-machine systems will use Ethereum's infrastructure for transactions. The restructuring of the Ethereum Foundation is a healthy institutional optimization that will help Ethereum maintain robust development under the premise of decentralization and prepare for future technological and business innovations. (CoinDesk)
According to an official social media announcement, HTX (formerly Huobi)’s global investment arm, HTX Ventures, recently announced that its investment focus will center on the AI x Crypto sector—including agentic infrastructure, agent-powered wallets and payment channels, AI-driven execution and collaboration systems, and AI-powered consumer applications—and will collaborate with HTX DAO and the broader HTX ecosystem to support next-generation startups.
amidst the US earnings season and the continuous advancement of AI narratives by tech giants, according to official sources from Bitget, the platform has recently added 10 new US stock contract targets. As a result, Bitget's Universal Exchange (UEX) now supports 263 US stock tokens and 81 US stock contracts. The total number of US stock-related assets tradable across the entire platform has exceeded 340.This week enters a period of密集 earnings reports and macroeconomic data releases. Through continuous expansion, Bitget aims to provide users with a wide range of cross-market asset allocation channels.3 Key Focus Targets This Week:• NVDA (NVIDIA): Will release Q1 earnings after the US market closes on May 20. The implied volatility from the options market suggests a potential single-day swing of over 7.5%. As the core of AI computing power, its performance will directly impact the overall valuation trend of the tech sector.• GOOGL (Google): Recently, at its I/O conference, Google intensively released multiple new products such as Gemini 3.5 and AI agents. The market is closely monitoring the subsequent pace of commercial implementation and revenue monetization capabilities.• WMT (Walmart): Will release Q1 earnings before the market opens on May 21. As a retail giant, Walmart's resilience during the consumer downturn cycle is under significant scrutiny. The earnings results and guidance will directly influence investors' assessment of full-year growth expectations and the stock's short-term performance.
Odaily Odaily News Gate Research recently released its "April 2026 Cryptocurrency Market Review" report, indicating that the overall cryptocurrency market saw a volatile upward trend in April, with total market capitalization significantly higher than in March. BTC and ETH ETF trading volumes maintained high volatility overall. The report shows continued divergence in activity across major public chain ecosystems. Solana's daily transaction volume remained in the range of approximately 90 million to 110 million transactions, maintaining its leading position.Regarding trending sectors, the report notes that Pokemon TCG RWA has become one of the fastest-growing on-chain RWA sub-sectors, entering a second explosive growth phase in April. Major trading platforms saw monthly trading volumes exceed $220 million, with weekly revenue briefly approaching $6 million, setting new historical records. Meanwhile, Aave experienced its most severe liquidity crisis ever in April, with TVL outflows reaching tens of billions of dollars within a few days and net outflows exceeding $9 billion for the entire month.In terms of fundraising and security incidents, the Web3 industry completed 51 financing rounds in April, totaling approximately $834 million, with capital further concentrating on leading financial and infrastructure tracks. Among these, Payward ranked first for the month with a $200 million financing round. On the security front, Web3 security incidents in April resulted in losses of approximately $306 million, a month-over-month increase of about 858%, primarily driven by a single cross-chain infrastructure attack on Kelp DAO worth approximately $293 million. The report suggests that against the backdrop of a recovering market, on-chain activity and capital liquidity are both increasing simultaneously. However, the security risks associated with cross-chain infrastructure and high-leverage protocols remain worthy of continued attention.
Ansem posted on X platform, stating that the current market trend resembles "altseason," but the capital's focus has shifted from crypto altcoins to stock assets that support 24-hour perpetual contract trading. These trades are primarily concentrated on the Tradexyz platform.
The Hong Kong Monetary Authority (HKMA) released its 2025 Annual Report. In the section on key priorities and outlook for 2026, the HKMA stated that it will continue participating in international discussions and cooperation on digital asset policies—particularly regarding the implications of stablecoin-related arrangements for monetary and financial stability—and ensure that its regulatory framework remains aligned with international standards and best practices. Additionally, another key focus area under “Fintech 2030” is advancing Hong Kong’s tokenization ecosystem: further promoting the tokenization of real-world assets (including financial assets), and enabling settlement of these assets on blockchains via new forms of digital currency—such as e-HKD, tokenized deposits, and regulated stablecoins—to support faster and smoother financial transactions.
According to FinanceFeeds, Morgan Stanley stated that real-world asset tokenization has become the “next major step” for its global business and is now a strategic priority in its initiative to upgrade traditional financial infrastructure using blockchain. The firm plans to integrate traditional and digital assets within regulated environments, advance near real-time on-chain settlement, and launch an institutional digital wallet in the second half of 2026—supporting tokenized traditional investment products as well as crypto assets such as Bitcoin, Ethereum, and Solana. Meanwhile, Morgan Stanley is also advancing the development of a tokenized private equity secondary market and building both on-chain and off-chain settlement processes.