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7/24
02:50
OpenAI Codex Lead Proposes a New Idea: ChatGPT Work May Be Renamed “ChatGPT Vibe”
Svmuu News: Tibo, Product Lead for OpenAI Codex, posted a message proposing a new idea: Should we rename ChatGPT Work to ChatGPT Vibe?
02:41
Whales "Set 10 Major Goals First" to Rebuild Long Positions: Bullish on BTC Challenging $100,000 by March Next Year
Svmuu News: Whale “Set 10 Major Goals First” stated that after closing out his previous short positions, he has re-established a long position in Bitcoin (BTC) and continues to maintain his medium- to long-term bullish outlook.A key support zone from the previous bull market is located near $60,000, and since mainstream mining costs Bitcoin are currently concentrated in the $50,000 to $60,000 range, this area provides strong support. BTC’s rapid rebound after previously dipping to a low of $58,000 further validates his assessment of the zone’s ability to hold.
He believes that over the past month, Bitcoin has completed a thorough consolidation and turnover of holdings within the $58,000 to $63,000 range. Now that it has firmly reclaimed the $66,000 level, the market has the conditions for further gains; a volume-driven rally breaking through $72,000 to kick off a new uptrend cannot be ruled out.Furthermore, valuations in the U.S. stock market—particularly in AI-related sectors—are already at relatively high levels, and volatility may intensify in the future. At the same time, the correlation between Bitcoin and U.S. stocks has declined significantly compared to previous cycles. With continued inflows of institutional capital and the strengthening of its asset attributes, BTC is gradually developing an independent market trend.
In the absence of systemic risks, the probability of Bitcoin falling below $60,000 again is decreasing, and it is expected that BTC has a high probability of challenging the $100,000 mark again around March of next year.However, he emphasized that being bullish does not mean ignoring risk; currently, this long position has set the $61,500 to $64,000 range as the invalidation zone. If the market breaks below this level and confirms that the assessment was incorrect, a stop-loss will be executed. He stated: “Views can change, but discipline must not.” The core of trading is not to profit from every trade, but to control losses when a judgment is wrong and to let profits run when the trend is correct.
02:37
The "Four Major Families" criminal syndicate in northern Myanmar has been completely dismantled, and more than 630 buildings in the KK Industrial Park have been completely demolished.
Svmuu News: In recent years, to combat transnational telecommunications fraud, China has carried out international law enforcement cooperation with more than 30 countries, including Spain, the United Arab Emirates, and Myanmar, establishing effective mechanisms and achieving significant results.
Jiang Guoli, Director of the Criminal Investigation Bureau of the Ministry of Public Security, stated that since 2023, China has strengthened police cooperation with Myanmar to comprehensively eradicate large-scale telecommunications fraud complexes along the northern border of Myanmar. A total of more than 59,000 suspects involved in fraud have been apprehended and handed over, and the notorious “Four Major Families” criminal syndicate in Kokang, northern Myanmar, has been completely dismantled. In early 2025, China, Myanmar, and Thailand established a ministerial-level coordination mechanism to jointly combat telecommunications fraud. They launched a joint crackdown on telecommunications fraud in Myawaddy, carried out 10 consecutive joint repatriation operations, and completely demolished more than 630 buildings in the KK complex in Myawaddy. (CCTV News)
02:33
Japanese and South Korean Stock Markets Close: KOSPI Index Down 5.7%; SK Hynix Down 8.33%
Svmuu News: According to data from MSX.COM, the Nikkei 225 Index closed down 1,811.45 points, or 2.73%, at 64,611.15 points on Friday, July 24. South Korea’s KOSPI index closed down 406.87 points, or 5.73%, at 6,690.02 on Friday, July 24. SK Hynix closed down 8.33%, and Samsung Electronics fell 7.59%.
02:33
As early as 2028 could mark the launch window for Japan’s first spot Bitcoin ETF
Svmuu News: Japanese regulators are moving forward with adjustments to the legal framework for digital asset investments. Spot Bitcoin ETFs could be approved for listing as early as 2028, though the timeline remains contingent on progress in regulation, product reviews, and tax reform.
On July 15, the Japanese Diet approved the transfer of Bitcoin and approximately 105 other crypto assets from the framework of the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal obstacle to the listing of related funds on the Tokyo Stock Exchange.
Major Japanese financial groups such as SBI Holdings and Nomura are preparing digital asset products. Japan also plans to adjust the tax treatment of crypto assets from a miscellaneous income tax rate of up to 55% to a separate filing system with a rate of approximately 20.315%.
02:19
Bitcoin Mining pool Poolin files for bankruptcy protection and plans to sell its Texas mining assets for $52 million
Svmuu News Bitcoin The mining pool Poolin has filed for Chapter 11 bankruptcy protection in a U.S. court and plans to wind down its operations by selling its mining assets in Bitcoin, Texas.According to court documents, Poolin and its two U.S. affiliates, Lonestar Dream Inc. and Lonestar Taproot LLC, filed a voluntary bankruptcy petition with the U.S. Bankruptcy Court for the District of New Jersey on July 22.Poolin currently estimates it has between 10,000 and 25,000 creditors, with assets valued at approximately $1 million to $10 million and liabilities ranging from $100 million to $500 million.
Michael DuFrayne, Poolin’s Chief Restructuring Officer, stated that the company’s pre-bankruptcy debt totaled approximately $173.1 million, of which about $163.7 million consisted of unsecured IOUs issued to Poolin Wallet users after withdrawals were suspended during the 2022 crypto market crash.
This Chapter 11 proceeding is not intended to restructure the business but rather to facilitate the sale of assets under court supervision. Poolin’s Pyote and Tarbush mining facilities in Texas ceased mining and hosting operations on July 10, retaining only a small number of employees to maintain the assets and proceed with the sale.
Poolin has now signed an asset purchase agreement with Thor CALAP LLC, which has offered to acquire the relevant mining assets for $52 million. The offer includes: $15 million for the Pyote mining facility, along with related power rights and equipment;$37 million for the Tarbush mining facility’s power rights and equipment. This offer will serve as a “stalking horse bid” in the bankruptcy auction, setting a minimum price for subsequent bids; the transaction remains subject to higher bids and court approval. (Theenergymag)
02:16
Tencent’s Hunyuan Organizational Structure Undergoes Another Upgrade, Merging the Large Language Model and Multimodal Teams to Accelerate Model R&D
Svmuu News: Tencent announced the merger of its Hun Yuan Multimodal Model Division and Large Language Model Division to form the Foundation Model Division, which will be unified under the leadership of Tencent’s Chief AI Scientist Yao Shunyu, with the aim of further enhancing model R&D and collaboration efficiency and exploring the intellectual limits of full-modal models. (36Kr)
02:13
Mirae Asset Completes Acquisition of 97.15% of Korbit and Renames It Digital X
Svmuu News: Mirae Asset has completed the acquisition of a 97.15% stake in Korbit, South Korea’s oldest cryptocurrency exchange, and has renamed it Digital X.
The company plans to develop Digital X into a smart investment platform that integrates real-world assets, security tokens, stablecoins, traditional assets, and digital assets within a single ecosystem.
Mirae Asset stated that it will not compete directly with dominant exchanges such as Upbit and Bithumb, but will instead focus on investor education, research, strict compliance standards, and institutional-grade infrastructure.
02:12
Iranian Foreign Minister: Any source of an attack on Iran will become a legitimate target for defensive action
Svmuu News: Iranian Foreign Minister Araghchi stated on the 24th (local time) that Iran will regard any source of attacks against the Iranian people as a legitimate target for defensive actions by the Iranian armed forces. Araghchi also emphasized that any party participating in, cooperating with, or assisting in attacks against Iran will bear corresponding international responsibility. (Jin Shi)
02:07
Morgan Stanley Intense Reaction Within Investment Banks After Missing Out on SK Hynix’s U.S. IPO Underwriting
Svmuu News: Morgan Stanley was not selected as the sole lead underwriter for the listing of SK Hynix American Depositary Receipts (ADRs),The transaction, valued at approximately $26.5 billion (about 40 trillion won), is the largest IPO by a foreign company in the U.S. Based on a 0.5% underwriting fee rate, the commission would amount to approximately $130 million. The final underwriting syndicate consists of Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase. Morgan Stanley Having previously secured projects such as SpaceX and Anthropic, and once considered a front-runner to underwrite OpenAI’s IPO, Morgan Stanley’s exclusion from this deal is viewed internally as a blow to its reputation.
Industry observers widely believe that ’s exclusion is linked to its repeated release of bearish reports on the South Korean semiconductor sector, including its well-known analysis of the “memory winter.”Several investment banking professionals, including a former Morgan Stanley executive, stated that a growing number of people within the Seoul office believe the previous bearish reports may have cost the firm the SK Hynix deal, and that the firm will need to exercise greater caution when publishing such views in the future. (CLS)
02:06
Analysis: AI stocks are being heavily sold off, but Bitcoin has bucked the trend and stabilized around $65,000.
Svmuu News: Bitcoin (BTC) has shown strong resilience amid a massive sell-off in the U.S. AI sector and currently remains near $65,000.Recently, the U.S. stock market’s “Magnificent Seven” (Magnificent Seven) experienced their worst single-day performance since April 2025, putting significant pressure on sentiment in the tech sector.
However, this sharp decline in AI stocks has not significantly spilled over into the crypto market, with Bitcoin’s price showing only minor fluctuations—indicating a reduced correlation between crypto assets and tech growth stocks.Market analysts point out that Bitcoin’s current performance is driven more by capital flows within the crypto market itself, institutional demand, and expectations regarding macroeconomic liquidity. As volatility in traditional risk assets intensifies, investors will continue to watch whether BTC can maintain its independent price trajectory. (CoinDesk)
01:56
Donald Trump Controversy Over Cryptocurrency Interests Holds Up the CLARITY Act; Prospects for Passage This Year Diminish
Svmuu News: The CLARITY Act—the long-awaited digital asset regulatory bill in the U.S. crypto industry—has hit a snag. Senate Majority Leader John Thune stated that the Senate is not expected to pass the bill before its August recess.
The CLARITY Act aims to establish a clearer regulatory framework for digital assets and facilitate the integration of blockchain and crypto assets into the mainstream financial system. Previously, the bill had undergone multiple rounds of negotiations between the crypto industry and opposing forces such as the banking sector, and was at one point considered close to passage.
However, recent controversies surrounding conflicts of interest related to U.S. President Donald Trump and his family’s involvement in crypto projects have become a new obstacle to the bill’s progress. Democrats are demanding that ethical provisions restricting government officials from profiting from crypto transactions be included in the bill, a move Republicans have previously opposed.Prediction market data shows that the probability of the CLARITY Act passing this year has dropped significantly. According to Polymarket, as of Friday, that probability stood at approximately 37%, far below the level of over 80% recorded earlier this spring.
Crypto policy organizations and industry insiders believe the current delay is largely driven by political factors surrounding the U.S. midterm elections. Ron Hammond, Head of Policy and Advocacy at Wintermute, stated that while the votes to support the bill may still exist, “election politics are louder.” He believes there may still be a window to push for the bill’s passage after the November elections.
Analysts point out that if Congress needs to prioritize major issues such as government funding and defense before the end of this term, the CLARITY Act may be further sidelined. With the U.S. political landscape likely to shift after the midterm elections, the outlook for crypto regulatory legislation remains highly uncertain. (Fortune)
01:55
SK Hynix’s Cheongju P&T7 Cleanroom Will Be Put Into Operation Three Months Ahead of Schedule
Svmuu News: SK Hynix is accelerating construction of its advanced semiconductor packaging plant at P&T7 in Cheongju, bringing forward the commissioning of its first cleanroom by about three months. According to industry sources on July 23, SK Hynix currently expects to commission the first cleanroom at P&T7 as early as July 2027. The company had previously announced a target date of October 2027.
An industry insider revealed, “SK Hynix recently moved up the tender process for utility and infrastructure projects for the P&T7 cleanroom. Internal estimates suggest the cleanroom will be operational about one quarter earlier than originally planned.” Some equipment-related tender projects failed to attract bidders and are currently being re-advertised. Industry insiders expect that the bidding process for all utility and infrastructure projects will be completed by August at the latest. (STAR Market Daily)
01:49
Aster has launched the Vault Beta feature, allowing users to participate in profit- and risk-sharing through custodial policies.
Svmuu News: The decentralized trading platform Aster has announced the launch of Aster Vault Beta, which allows users to participate in trading strategies driven by actively managed strategies without having to execute each trade themselves.
According to the announcement, users can deposit funds into a Vault, where the strategy manager will execute trades, and users will share in the profits or bear the corresponding losses generated by the strategy in proportion to their capital contribution. Currently, during the beta phase, only a limited number of Vaults are available to users.
Aster stated that this feature aims to lower the barrier to entry for users participating in actively managed trading strategies, enabling them to access professional trading strategies through a custodial arrangement. The platform will further expand the Vault ecosystem based on feedback from the beta phase.
01:48
Morgan Stanley: The Fed is expected to hold rates steady next week
Svmuu News: Morgan Stanley strategists said in a report that recent data suggests the Federal Reserve will hold off on raising rates at its July meeting and is likely to keep rates unchanged for the remainder of the year. They wrote: “The Fed is losing patience with inflation that remains above target.
The trajectory of inflation in the coming months will be critical—we expect inflation to ease as anticipated—otherwise, the Fed may shift to raising rates later this year.” Currently, the money markets have priced in expectations of nearly two rate hikes by the Fed before the end of the year. However, the trend of slowing inflation may prompt the Fed to keep rates unchanged this year, maintaining the federal funds rate within the 3.50% to 3.75% range. “We expect the trend of declining inflation to keep the Fed on hold this year.” (Jin Shi)
01:47
On Polymarket, the probability that “SpaceX’s Starship will conduct its 13th test flight on July 24” has risen to 77%, up 16% over the past 24 hours.
According to PPP prediction market tools, the probability on Polymarket that “SpaceX’s Starship will conduct its 13th test flight on July 24” has risen to 77%, up 16% over the past 24 hours; The probability that the 13th test flight will take place on July 25 has risen to 83%, up 35% over the past 24 hours.
SpaceX previously announced that the 13th test flight of the SpaceX Starship would be postponed to July 24 due to weather conditions, but it remains unclear whether those weather conditions still persist. SpaceX made its first attempt at the 13th Starship test flight on July 17, but the launch failed when the automatic launch abort procedure was triggered because some Raptor engines did not ignite as expected. It is reported that SpaceX is currently “betting everything” on Starship and has already begun turning down commercial Falcon rocket launch orders scheduled for 2024 and beyond.
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01:41
Bitcoin Is selling pressure easing? Losses have fallen 56% from their peak, but demand recovery remains insufficient.
Svmuu News: CryptoQuant analyst Axel Adler stated that Bitcoin has seen the highest-ever level of realized losses among holders during the current bear market,with the 30-day moving average (30DMA) of realized losses in February 2026 peaking at $1.37 billion—19% higher than the $1.15 billion high reached during the 2022 cycle.Data shows that since the February peak, realized losses on Bitcoin have fallen by 56.5% to approximately $597 million; meanwhile, realized profits have only slowly recovered to $257 million.Axel Adler noted that loss-driven selling pressure has clearly eased, but the market has not yet seen a sustained recovery in demand, and losses are still declining faster than profits are rebounding.
Comparing historical cycles, realized losses reached a record high of $1.37 billion on February 20, 2026; the peak realized loss in the 2022 cycle was $1.15 billion, recorded on June 30, 2022.In terms of realized profits, as of July 23, the 30-day moving average (30DMA) of realized profits for the Bitcoin was $257 million, down 92.7% from the peak of $3.51 billion reached on December 10, 2024;and down 77.7% from the all-time high of $124,710 reached by Bitcoin on October 6, 2025.This metric hit a low of $191 million on June 14, 2026, and has since rebounded by 34.7%.
Axel Adler noted that profit-taking pressure has declined significantly, and the volume of coins sold for profit currently remains at a low level for this cycle. However, this does not mean that sellers have completely run out of steam, nor does it indicate that market demand has fully recovered. If realized profits continue to rise to over $400 million to $500 million, it would provide stronger confirmation of sustained market improvement.
Additionally, the Bitcoin’s Realized Profit/Loss Ratio has rebounded from a June low of 0.26 to 0.43, though it remains below the 1.0 level.Analysts point out that although the absolute magnitude of realized losses in the current cycle exceeds that of 2022, relative market pressure remains lower than in 2022. Since the all-time high of Bitcoin, realized losses have exceeded realized profits on 190 of the past 291 days.Axel Adler cautioned that if the profit-to-loss ratio falls below 0.26 again, accompanied by a price drop below the cycle low of $58,535 set on June 30, it could signal further intensification of market pressure.
01:34
Wisconsin Warns That Those Who Trade Election Contracts May Lose Their Right to Vote in the Same Election; Kalshi Calls It Voter Suppression
Svmuu News: The Wisconsin Election Commission has stated that residents who purchase contracts related to a specific election on Kalshi or Polymarket may lose their eligibility to vote in that same election. The commission noted that voting while knowing one is ineligible may constitute a Class I felony.
The commission unanimously approved a legal memorandum regarding prediction markets at its July 9 meeting and issued a statewide notice on Tuesday. The restrictions apply only to the specific election in question and do not automatically affect traders’ eligibility to vote in other, unrelated elections.
Benjamin Freeman, head of Kalshi’s election division, said the guidance is “clearly unconstitutional and unlawful,” noting that the company has hundreds of thousands of users in Wisconsin alone. Robert DeNault, Kalshi’s head of enforcement and legal counsel, stated that election markets offered on CFTC-certified and federally regulated exchanges are legal.
A Polymarket spokesperson said the company would respond to the commission’s allegations through appropriate legal channels. Both companies maintain that their products constitute tradable financial contracts rather than gambling.
01:34
The "computing power chip" sector saw a volatile rebound, with Meishi Technology hitting the daily price limit.
Svmuu News: According to data from MSX.COM, the computing power chip sector rebounded after fluctuating in the afternoon session. Meishi Technology hit the daily price limit, while Aojie Technology rose more than 10%, with Lanqi Technology, Muxi Co., Haiguang Information, and VeriSilicon following suit. In related news, during the WAIC conference, an inauguration ceremony was held for the first domestically produced TPU “Qianka” intelligent computing cluster in East China (Hangzhou). Jointly developed by Hangzhou Telecom, ZTE, and Zhonghao Xinying, this cluster marks the first large-scale deployment of a domestically produced TPU cluster within China Telecom’s network.
01:33
A South Korean court has ordered SK Hynix Chairman Choi Tae-won to pay his ex-wife approximately $643 million as part of a divorce settlement.
Svmuu News: SK Hynix billionaire Chey Tae-won has seen his personal fortune soar significantly amid the artificial intelligence boom. Recently, in a new ruling, a South Korean court ordered him to pay his ex-wife 944 billion won (approximately $643 million) in divorce settlement, bringing this protracted, high-stakes divorce case to a close. If the ruling becomes final, it will mark the highest-value divorce settlement in South Korean history. According to the Bloomberg Billionaires Index, Chey Tae-won’s current net worth stands at approximately $5.6 billion, having more than doubled over the past year. The court has not yet specified whether this massive sum will be paid in cash or in stock.

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