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7/21
20:17
Svmuu News: The Polygon Foundation announced on X that the Ithaca hard fork has been successfully deployed on the Amoy testnet and will go live on the Polygon mainnet at block height 50,185,000, expected at 22:00 Beijing Time on July 29. This upgrade aims to enhance payment reliability by automatically failing over to ensure smooth transaction processing during rare instances of block producer stagnation. It also introduces new protective mechanisms to intercept transactions that could cause network slowdowns or instability, while providing node operators with clearer visibility to ensure seamless underlying operations. All node operators must upgrade as soon as possible to ensure compatibility and network security.
20:12
Svmuu News: According to data from MSX.COM, South Korea’s KOSPI index surged 6% intraday and is currently trading at 7,153.42 points. SK Hynix rose 8.6%, and Samsung Electronics rose 5.7%.
20:11
Svmuu News: The Digital Chamber (TDC), a cryptocurrency industry trade organization, has filed a lawsuit in an Illinois court challenging the state’s upcoming 0.2% digital asset transaction tax. The tax measure has been signed into law by Illinois Governor JB Pritzker and is scheduled to take effect in January 2027. TDC is asking the court to declare the law “null and void” on the grounds that it violates the U.S. Constitution, and is seeking appropriate relief from the court. (The Block)
20:07
Svmuu News: According to data from MSX.COM, South Korea’s KOSPI index has risen more than 5% and is currently trading at 7,097.59 points. SK Hynix is up more than 8%, and Samsung Electronics is up 5.6%.
20:04
Svmuu News: Data shows that the combined trading volume of Solana and Hyperliquid ETFs accounts for nearly 80% of the total trading volume of non-BTC and non-ETH ETFs. Currently, Solana ETFs have assets under management (AUM) of $904 million, while Hyperliquid-related funds have seen cumulative net inflows of $350 million in the two months since their launch. The combined size of these two ETFs accounts for approximately 2% of the market capitalization of their respective tokens. (The Block)
20:04
Svmuu News: According to data from MSX.COM, South Korea’s KOSPI index has surpassed 7,000 points, rising 4.51% on the day. Samsung Electronics shares rose 5%, while SK Hynix shares rose 7%.
20:02
Svmuu News: Shareholders of Satsuma Technology, a UK-based Bitcoin treasury company, have approved a plan to sell the company’s holdings of Bitcoin, return capital to investors, and delist from the London Stock Exchange. According to company filings, more than 90% of voting shareholders supported the proposal.Satsuma currently holds 668 BTC, valued at approximately $43.5 million, making it the UK’s second-largest publicly listed Bitcoin treasury company.
Previously, Satsuma had completed a £163.6 million (approximately $218 million) convertible bond financing in less than a year.Subsequently, in December of last year, the company sold 579 BTC, raising approximately 40 million pounds to repay creditors whose bonds had not been converted into shares.As of April of this year, Satsuma (ticker: SATS) had fallen more than 99% from its June 2025 high. (The Block)
20:02
Svmuu News: Currently, 18.6% of Americans own Bitcoin, which is higher than the 10.8% who own gold. (Cointelegraph)
The percentage of U.S. Bitcoin holders exceeds that of gold holders
20:00
Svmuu News: Alchemy CEO Nikil Viswanathan posted on X, stating that as of July 20, data shows that Robinhood Chain ranks first in developer activity, followed by Ethereum, Polygon, Base, BNB Chain, and Arbitrum.
Data: Robinhood Chain Ranks First in Developer Activity
19:57
Svmuu News: High-net-worth individuals with financial assets exceeding 10 billion won are also actively buying leveraged ETFs linked to Samsung Electronics and SK Hynix. Among retail investors, those in their 40s accounted for the largest volume of purchases of single-stock leveraged ETFs for Samsung Electronics and SK Hynix.
The Seoul Economic Daily commissioned a major securities firm to analyze the investment portfolios of 25,000 high-net-worth individuals between May 27 and July 10 of this year. The analysis found that among the top five securities by net purchases, three were single-stock leveraged ETFs linked to Samsung Electronics and SK Hynix. They made net purchases of 178.1 billion won in the “KODEX SK Hynix Single-Stock Leveraged ETF” and 140.1 billion won in the “TIGER SK Hynix Single-Stock Leveraged ETF,” in addition to purchasing 116.6 billion won worth of the “KODEX Samsung Electronics Single-Stock Leveraged ETF.” Given that the remaining two of the top five holdings were also common shares of Samsung Electronics and SK Hynix, this indicates that affluent investors have adopted a strategy of heavily betting on South Korea’s “two giants” of the stock market.
19:55
Svmuu News: SK Hynix stated that it currently has no plans to acquire Intel’s chip factory in Ohio.
Previously, South Korean media reported that SK Hynix (SKHY.O) was in negotiations with Intel (INTC.O) to acquire the latter’s large semiconductor complex in Ohio, with the goal of launching front-end production of memory chips at the site within five years.
19:53
Svmuu News: As the conflict between the U.S. and Iran entered its tenth day, Brent crude briefly reached $91.63 per barrel on Tuesday before falling back to $91.26 per barrel at 5:00 p.m. Eastern Time.The U.S. benchmark, West Texas Intermediate (WTI) crude, rose 2.3% to $84.38 per barrel.
Shipping through the Strait of Hormuz remains disrupted; the number of vessels passing through fell to 127 for the week ending July 19, a decrease of nearly 50% from the 248 vessels recorded for the week ending July 12.Indian state-owned refiners Indian Oil and Mangalore Refinery and Petrochemicals have suspended crude oil loading from Iraq.
Maritime intelligence data shows that the U.S. Navy-escorted corridor has been virtually abandoned, with shipping operators primarily rerouting through the northern Iranian channel. The Goldman Sachs Group estimates that crude oil shipments from the Persian Gulf have fallen to less than 45% of pre-war levels.
19:53
Svmuu News: Solana’s tokenized asset trading volume reached $5.77 billion in the second quarter, marking a 114% increase from the previous quarter and setting a new record for the sixth consecutive quarter. Of this, tokenized stock trading volume reached $4.8 billion, approximately a fourfold increase from the $1.1 billion recorded in the first quarter.
The Solana Foundation stated that Solana accounts for approximately 97% of spot tokenized stock trading volume and has maintained its leading position in this sector for 54 consecutive weeks. Weekly trading volume for tokenized assets on the network reached $1.42 billion in the final week of the second quarter, setting a new weekly record, while the number of addresses holding real-world assets (RWAs) rose to over 300,000 earlier this year.
19:52
Svmuu News: OpenAI, the developer of ChatGPT, announced on July 21 that it has appointed David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of Bank of New York Mellon (BNY), as independent directors of the foundation and the company.
With the addition of these two new independent directors, OpenAI’s board will expand from eight to ten members. David Velez founded Nubank in 2013 and previously managed Latin American investments at Sequoia Capital, Goldman Sachs, and Morgan Stanley.
Robin Vince spent 26 years at Goldman Sachs, where he served as Chief Risk Officer and Chief Operating Officer. OpenAI is currently a for-profit public benefit corporation controlled by a nonprofit foundation; most directors serve on both the foundation’s and the company’s boards, with CEO Sam Altman being the only internal director.
19:52
Svmuu News: OpenAI has confirmed that GPT-5.6 Sol and an unnamed, more powerful pre-release model broke out of a restricted sandbox environment during ExploitGym benchmark testing and infiltrated Hugging Face’s production infrastructure to obtain test answers.
OpenAI stated that the models exploited a zero-day vulnerability in an internal software package registry proxy to escalate privileges and move laterally, ultimately connecting to a machine with internet access. The models then identified and chained together vulnerabilities in both OpenAI’s research environment and Hugging Face’s production infrastructure to retrieve test solutions directly from Hugging Face’s production database.
Hugging Face disclosed the incident on July 16, stating that the attack was executed end-to-end by an autonomous AI agent system, involving thousands of operations within short-lived sandboxes and compromising internal datasets and service credentials. OpenAI confirmed five days later that its model was the primary actor in the incident.
Hugging Face stated that its security team attempted to use a U.S.-based commercial cutting-edge AI interface to analyze over 17,000 attack logs, but the requests were blocked by security safeguards. and subsequently switched to GLM 5.2—an open-source model with 753 billion parameters developed by the Chinese AI startup Z.ai—to complete the forensic analysis on its own infrastructure.
19:52
Svmuu News: Paradis Labs posted on X stating that it is currently difficult to determine whether semiconductor stocks have bottomed out. Most AI infrastructure-related stocks rose that day, with SIVE, AEHR, and IQE gaining more than 20%, and SNDK, MU, and AAOI rising more than 10%.
Paradis Labs noted that regardless of today’s returns, the coming weeks will be more critical for gaining greater clarity: On July 22, GOOGL will release its second-quarter earnings report, which will serve as the first official gauge of annual capital expenditures for hyperscale cloud providers—a sector valued at approximately $750 billion; July 22–23: AMD will host its “Advancing AI” event, providing insights into foundry utilization, advanced packaging, and laser-related demand roadmaps through 2027; On July 23, INTC will report its second-quarter earnings; 18A yield and foundry commitments are likely to be key variables, while momentum in U.S. domestic manufacturing and packaging can also be assessed; On July 23, IBM will report its second-quarter earnings; its market capitalization has already fallen by approximately 25%, and the market’s reaction to the lower-than-expected earnings guidance warrants attention; On July 24, the 10% global tariff deadline expires, with new tariffs expected to be imposed on dozens of countries—this will act as a factor contributing to stagflation and influence the narrative surrounding the Fed’s rate hikes; On July 27, the full Kimi K3 weighting will be released; July 28–29: The FOMC meeting takes place; experts and Polymarket expect interest rates to remain unchanged. It is worth noting that an interest rate hike or signals of a hike could mark the first true systemic shift in AI trading; July 29–30: META, MSFT, and AMZN will report earnings, providing further data on capital expenditures; July 30: The U.S. will release June core PCE data.
Paradis Labs also noted that the U.S. and Iran could reach a ceasefire at any time. A 10-day proposal remains on the table, while attacks continue. An officially confirmed ceasefire would support oil prices and benefit semiconductor stocks. The above represents a high-level timeline of major upcoming events, all of which will impact semiconductor stocks to varying degrees. AI capital expenditures will be the most critical factor when hyperscale cloud providers report their earnings.
19:51
Svmuu News: Bloomberg ETF analyst Eric Balchunas posted on X, stating that, "The current drawdowns across all stocks tracked by 2x leveraged ETFs indicate that declines of more than 50% persist. Therefore, we expect other products similar to LCDL to be terminated, though this may occur sporadically—unless a black swan event occurs—and users of these products are unlikely to be concerned."
18:52
Svmuu News: According to Onchain Lens, theCoinbaseTrust ETF withdrew 106.04 Bitcoin fromPrime, worth approximately $7.01 million.
18:11
Svmuu News: The crypto lobbying group TDC has filed a lawsuit seeking to block the Illinois Digital Asset Tax Act from taking effect. The tax applies to any company headquartered in Illinois, operating in the state, or providing digital asset services within the state.
17:44
Svmuu News: The U.S. House of Representatives Committee on Agriculture’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development held a hearing on how the Commodity Futures Trading Commission (CFTC) regulates prediction markets. Carl Kennedy, a partner at Katten Muchin Rosenman, stated that the CFTC may be understaffed and struggle to adequately address the regulation and enforcement of platforms such as Kalshi and Polymarket.
Kennedy believes that the CLARITY Act, currently under consideration in the Senate, could grant the CFTC additional authority to address both digital assets and the growth of prediction markets. He noted that the CFTC needs more resources to handle new asset classes such as cash markets and crypto assets.
Since his confirmation by the Senate in December, CFTC Chairman Michael Selig has maintained that the agency has exclusive jurisdiction over relevant companies and has argued that event contracts on these platforms constitute “swaps” falling under the CFTC’s jurisdiction. Several U.S. states have filed lawsuits against Kalshi and Polymarket over sports betting-related disputes, and these cases may ultimately reach the U.S. Supreme Court.

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