News linked to both this project and an event.
Goldman Sachs raised SanDisk's price target from $1,200 to $2,200 and reiterated its "Buy" rating
Affected by the mutual airstrikes between the US and Iran over the weekend, market risk-off sentiment intensified. Bitcoin has fallen more than 1% since 00:00 UTC on July 13, hovering around $63,000. Meanwhile, Brent crude oil once rose more than 3%, amid market concerns over shipping risks in the Strait of Hormuz and the potential inflationary pressure.
: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.
Odaily news, Citrini analyst jukan posted on X platform, stating that local South Korean brokerages expect SK Hynix's operating profit to reach 60.4 trillion KRW, a 61% increase quarter-over-quarter and a 556% increase year-over-year, but still 8% below the market consensus of 65 trillion KRW. The shortfall is mainly due to SK Hynix's higher proportion of HBM revenue compared to its peers, resulting in its average selling price growth being lower than the market average.
According to a post by Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, metrics related to Bitcoin long-term holders have all reached all-time highs: Supply held for ≥10 years accounts for 17.7% Long-term holder holdings reach 16.75 million coins Long-term holder Realized Market Cap reaches $836.4 billion Long-term holder average cost basis reaches $50,000 The above data indicates that a large amount of holdings are firmly locked by long-term holders; even though the average price has reached $50,000, they refuse to sell. The market's actual circulating supply continues to tighten, and long-term holder behavior is building solid bottom support for Bitcoin prices.
CryptoQuant analyst Darkfost stated in a post that the Bitcoin price has been below the Short-Term Holder Cost Basis (STH Cost Basis) for more than 9 consecutive months. Historically, such prolonged phases of short-term holder losses are often highly correlated with bear market cycles. Currently, the Bitcoin short-term holder cost basis is approximately $70,700 and continues to act as a resistance level above. The market trend in May already reflected this pressure, when BTC surged to near $82,000 to test the region before quickly encountering a pullback.
CryptoQuant analyst Darkfost posted that since October 2025, the market value of holdings of Bitcoin treasury companies has declined from $396 billion to $272 billion, a cumulative drop of over $100 billion. Data shows that although these companies' Bitcoin holdings increased from 953,000 to the current 1.14 million, most of the Bitcoin reserves were accumulated at high prices. November 2024 to October 2025 was the most aggressive buying phase for corporate treasury companies, when Bitcoin prices were mainly in the $75,000 to $125,000 range. Currently, the pace of accumulation has nearly stalled. Whether these enterprises will follow Strategy's example and choose to sell holdings at low levels remains to be seen.
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
Monitoring by the PPP Prediction Market Tool shows that in the Predict.Fun prediction event for the "League of Legends MSI Losers' Bracket G2 vs. LYON," the probability of G2 defeating LYON is currently reported at 78%.At 4:00 PM today, the League of Legends MSI Losers' Bracket will see G2 face off against LYON. The winner of this match will continue their run in the lower bracket, while the loser will be eliminated from this year's MSI.G2 previously won 3:2 against TES, then lost to HLE and fell into the losers' bracket, before defeating T1 in the last round to advance further. LYON, after losing to BLG in the winners' bracket, moved to the losers' bracket where they defeated TSW, earning another chance to stay in the competition. For G2, facing LYON is a hurdle they must overcome to continue their push towards the losers' bracket final. For LYON, this is an opportunity to prove they can still create upsets.Join the PPP Signal Push Community to get ahead and seize the opportunity first.
on-chain analyst Ai Yi posted on Platform X, stating that Memecoins are becoming the primary traffic gateway for Robinhood Chain. CASHCAT reached a market cap of $100 million within five hours, and Robinhood CEO @vladtenev participated in related discussions. Robinhood Chain saw over 10,000 new tokens launched in a single day, with DEX trading volume exceeding $560 million. Robinhood Chain is an L2 network. Users can add the network via wallets such as OKX, Binance, and MetaMask, with Chain ID 4663. The official Robinhood Wallet is available on iOS and Android mobile apps and features cross-chain functionality. Cross-chain methods on Robinhood Chain include the official cross-chain bridge, Robinhood Wallet, and third-party aggregators like Relay, Stargate, and Across. Withdrawals via the official cross-chain bridge have a 7-day waiting period. DEXs on the Robinhood Chain ecosystem include Uniswap and NOXA Fun. Meme tracking tools include DEXScreener and GMGN.
Glassnode's latest weekly report states that Bitcoin has consistently traded below the Realized Market Mean and Short-Term Holder Cost Basis over the past five months, remaining in a deep value zone, indicating that although the market bottoming process is advancing, it is not yet complete. On-chain data shows that Long-Term Holder loss realization accounts for 43% of total Realized Value, with the recent daily average loss realization peak rising to $280 million, the highest level since December 2022, indicating that selling pressure has not yet significantly cooled.
According to PPP Prediction Market Tool monitoring, the probability of "WTI crude oil rising to $80 by July 2026" on Polymarket has reached 47%, up 28% in 24 hours.Trump stated today that he may launch a large-scale attack on Iran. As the 60-day ceasefire agreement between the US and Iran becomes precarious, oil tanker traffic through the Strait of Hormuz has "basically come to a standstill." Kpler senior oil analyst Navin Das stated that since the US and Iran reached a 60-day ceasefire agreement on June 17, the average daily number of tankers passing through has been approximately 32. This figure is nearly three times the average daily traffic between the outbreak of the conflict (February) and the signing of the agreement on June 17, though still far below pre-war levels.Join the PPP Signal Push Community to stay ahead and seize the opportunity.
Jeremy Grantham, renowned investor, co-founder, and chief investment strategist at GMO, stated that the market might look back on the SpaceX listing in 50 years with a sense of "mockery," calling it "the most outrageous IPO in human history."Grantham believes that SpaceX’s grand vision of "making humanity a multi-planetary species," coupled with the market’s current strong enthusiasm for the company, could be viewed by investors in the future as excessive optimism. "Everyone is lining up to tell you to buy the most outrageous IPO in human history. 50 years from now, people will quote paragraphs from the prospectus and laugh about it," he said.Since SpaceX joined the Nasdaq-100, it has garnered significant institutional attention, but its stock price has faced pressure recently. Currently, SpaceX’s stock is down about 7% from its one-month high, hovering around $150, only slightly above its IPO target price of $135.Wall Street institutions are divided on SpaceX’s future valuation. Morgan Stanley reportedly has given it a $300 price target, while Goldman Sachs analysts estimate a target of around $205. JPMorgan Chase believes that Elon Musk’s goal of achieving $1 trillion in revenue by 2031 is "theoretically achievable" but would require extremely strong execution capabilities.Grantham also pointed out that one of SpaceX’s biggest risks is its heavy reliance on Musk’s personal leadership. He noted that Musk holds approximately 82% of the voting control, which serves as both a key driver of SpaceX’s culture and innovation capability, and a source of risk related to governance structure and leadership changes.However, Grantham acknowledged that SpaceX’s inclusion in the Nasdaq index could generate additional buying pressure. He said that as a large amount of funds tracking the Nasdaq index are forced to allocate to SpaceX stock, market demand may exceed supply, thereby pushing the stock price up.Nevertheless, he believes that in the long run, SpaceX still faces significant challenges. If the valuation logic for the company ultimately holds, the future world could undergo drastic changes driven by the development of artificial intelligence and automation technologies. Conversely, if expectations fail to materialize, this IPO would also become a landmark event in financial history. (Fortune)
CryptoQuant analyst Darkfost pointed out that data shows over the past 30 days, the market caps of USDC and USDT decreased by 3.6% and 2% respectively, reflecting continued weakening in overall crypto market liquidity. Since November 2025, this slowing trend has become relatively apparent.
Odaily Odaily News: Citrini analyst jukan posted on X platform, stating that Samsung Electronics has a market cap of 1859.1 trillion KRW. According to its preliminary consolidated financial results, the Q2 2026 revenue was 171.0 trillion KRW, compared to a market expectation of 173.0 trillion KRW (1% below expectations); operating profit was 89.4 trillion KRW, compared to a market expectation of 84.6 trillion KRW (6% above expectations); net profit was not disclosed, while market expectations stood at 73.1 trillion KRW.Recent quarterly results show: Q1 2026 revenue was 133.9 trillion KRW, operating profit was 57.2 trillion KRW, net profit was 47.2 trillion KRW; Q4 2025 revenue was 93.8 trillion KRW, operating profit was 20.1 trillion KRW, net profit was 19.6 trillion KRW; Q3 2025 revenue was 86.1 trillion KRW, operating profit was 12.2 trillion KRW, net profit was 12.2 trillion KRW; Q2 2025 revenue was 74.6 trillion KRW, operating profit was 4.7 trillion KRW, net profit was 5.1 trillion KRW.
Adam, a macro researcher at Greeks.live, posted on platform X stating that, based on the distribution of open interest, the open interest across all expiries before the end of this month is very low, totaling about 15%, which is a sign of low market activity. On the other hand, GEX is concentrated in the $60,000 put options and the $63,000 call options, corresponding to the upper and lower limits of the recent two consolidation ranges respectively. This market may closely follow external markets, making the recent performance of US stocks and commodity prices more noteworthy.
according to official sources, the self-custody Web3 wallet BM Wallet has launched its prediction market feature. Users can now directly participate in real-world event predictions within the wallet, settling entirely with stablecoins. Assets never need to be withdrawn, and private keys remain under the user's control at all times. This feature integrates the prediction market Polymarket, tapping into its deep liquidity. The initial phase centers on the World Cup, while also covering sectors such as cryptocurrency and politics. It is currently available in designated regions.
Coinbase released a monthly review on July 1, stating that in the first half of the year, it advanced its product layout around the strategy of "every asset, every market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that the tokenized stocks are 1:1 backed shares of US companies, expected to include dividends, on-chain trading, holding, and redemption functions, and are not available to US persons. Coinbase also noted that its pre-IPO perpetual contracts will start with SpaceX and then expand to OpenAI and Anthropic, and will offer crypto options through integration with Deribit. Coinbase CEO Brian Armstrong said on July 3 that Coinbase is one of the companies with the highest level of AI application globally. Coinbase also stated that it has launched a direct INR on-ramp in India, become the official deployer of the USDC treasury wallet for Hyperliquid, partnered with Ethena across over $50 billion in assets, and mentioned transferring approximately $4.4 billion USDC to the Hyperliquid deployer. (Bitcoin.com News).
According to on-chain analyst Ember's monitoring, amidst the ongoing correction in the crypto market, the total market capitalization of USD stablecoins has decreased by approximately $10 billion from its recent peak, currently maintaining a total scale of around $300 billion. Meanwhile, some funds are believed to have flowed into the US stock market, which has exhibited stronger wealth effects this year.The latest quarterly data reveals varying degrees of capital outflow among leading stablecoins:Tether (USDT): Total supply decreased from approximately $189.8 billion to $184.1 billion, a net outflow of about $5.7 billion.USD Coin (USDC): Total supply decreased from approximately $79.6 billion to $73 billion, a net outflow of about $6.6 billion, making it the stablecoin with the largest outflow in this round.Tokens associated with USDC issuer Circle are also under pressure, with its stock price declining from around $136 to near $64, indicating a cooling of market expectations for its growth.In contrast, the stablecoin USD1 recorded a net inflow of approximately $500 million during the same period, with its total supply growing from about $4.1 billion to $4.6 billion, becoming one of the few assets to increase against the trend. However, this growth is partly attributed to interest subsidy incentive mechanisms on trading platforms, such as activities on certain exchanges that guide user holdings and trading behavior.
Odaily News, CryptoQuant analyst Darkfost stated on platform X that currently, active Bitcoin investors are floating at a loss of about 20% on average, and market sentiment is in a "devaluation" phase, but has not yet reached the deep pressure levels typical of historical bear markets.Darkfost pointed out that the True Market Mean (TMM) is currently around $76,700. This indicator reflects the average cost basis of active circulating BTC supply (excluding coins that have been dormant for a long time, potentially lost, or illiquid). Historically, this level acted as a significant resistance zone in May, where some investors chose to exit the market without incurring losses or with minor losses. Meanwhile, the AVIV Ratio (Active Value to Investor Value) is currently around 0.8, meaning active investors are down approximately 20% from their cost basis. In contrast, during historical bear markets, this indicator typically drops to 0.5–0.6, corresponding to a deeper drawdown of about 40%–50%.Analysis suggests that in this cycle, the entry of institutional funds and ETFs has not changed Bitcoin's cyclical nature; the market continues to operate within its own structural framework. Although significant devaluation pressure is already evident, it may not necessarily need to fall to historical bear market extreme levels to trigger a rebound. Overall, cautious judgment regarding cyclical fluctuations remains necessary.