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7/24
03:51
Several investment banks have lowered their price targets for Alphabet, the parent company of Google, with only Barclays and Bank of Montreal bucking the trend by raising theirs.
Svmuu News: Recently, several investment banks have lowered their target prices for Alphabet, the parent company of Google, with only Barclays and Bank of Montreal bucking the trend by raising theirs:
New Street Research lowered its target price for Alphabet from $455 to $405.
UBSGroup lowered its target price for Alphabet from $400 to $379.
Oppenheimer lowered its target price for Alphabet from $445 to $400.
Investment bank D.A. Davidson lowered its target price for Alphabet from $375 to $350.
Wells Fargo lowered its target price for Alphabet from $418 to $411.
Morgan Stanley lowered its target price for Alphabet from $415 to $400.
Bank of Montreal raised its target price for Alphabet from $455 to $465.
Barclays raised its target price for Alphabet from $405 to $425.
03:38
Foreign Ministry: We Are Committed to Effectively Implementing the Important Consensus Reached by the Leaders of China and the United States in the Field of Artificial Intelligence
Svmuu News: In response to reports that U.S. President Donald Trump stated that the leaders of the United States and China will discuss issues related to artificial intelligence, Foreign Ministry Spokesperson Lin Jian said during a regular press conference on the 24th that summit diplomacy plays an irreplaceable strategic guiding role in U.S.-China relations.China is willing to work with the United States to effectively implement the important consensus reached by the two heads of state in the field of artificial intelligence. (Xinhua News Agency)
03:32
TRON The supply of USDD on TRON increased by $145 million in a single week, with the total supply surpassing $1.23 billion.
Svmuu News: According to data from CertiK Skynet, over the past week, the supply of USDD on the TRONTRON network has surged by approximately $145 million, bringing the total supply to over $1.23 billion—accounting for about 81.6% of the total USDD supply across the network.As of now, the total USDD supply across the network stands at $1.55 billion, with TVL exceeding $2.33 billion.
Recently, as the TRON DeFi Summer (TRON) has gained momentum, liquidity within the TRON ecosystem (TRON) has surged, with USDD’s TVL on JustLend exceeding $450 million.The official Chinese USDD account stated, “USDD’s growth on TRON TRON is unstoppable.” This round of growth has further solidified USDD’s leading position within the TRON TRON ecosystem and its top-tier status in the broader stablecoin sector.
TRON The supply of USDD on TRON increased by $145 million in a single week, with the total supply surpassing $1.23 billion.
03:30
Lien Finance Suffers Approximately $542,000 in Losses from an Attack; Attackers Exploited a Vulnerability to Steal USDC
Svmuu News: According to monitoring by SlowMist, the decentralized finance protocol Lien Finance was attacked. The attacker exploited a smart contract vulnerability to mint uncollateralized BondTokens and stole approximately $542,144.63 in USDC.Exploiting this vulnerability, the attacker successfully minted new, non-exceptional BondTokens without destroying the corresponding input bonds, redeemed them for USDC via a pre-authorized address, and ultimately transferred approximately 542,144.63 USDC from the victim’s address.Analysis indicates that this incident was fundamentally caused by a validation flaw in the bond token redemption logic, which allowed the attacker to bypass asset collateral constraints and mint unsupported assets.
03:21
Bitget has completed dividend distributions for 63 stocks, including Micron and TSMC
Svmuu News: According to an official announcement, Bitget has completed dividend distributions for 63 U.S. stocks and ETFs, including rMU (Micron Technology), rQQQ (Nasdaq 100 Index ETF), and rTSM (TSMC).Bitget has settled the dividend payments in USDT proportionally to users who held the relevant stocks at the time of the snapshot. The entire process was handled automatically, requiring no action on the part of users. This dividend distribution covers multiple asset classes, including technology, semiconductors, telecommunications, and index ETFs.
Users can view the specific details by navigating to the app’s “Assets” > “Financial Records” > "Spot" > "Other" > "Dividend Payouts" in the app, or "Asset Overview" > "Spot Orders" > "Transaction History" > "Other" > "Dividend Payouts" on the web to view specific details.The final credited amount and timing are subject to the platform’s actual processing and the information displayed on the page.
03:18
ETH liquidations across the entire network exceeded $18 million in the past hour
Svmuu News: According to Coinglass data, liquidations across the entire network totaled $30.34 million in the past hour, primarily involving short positions. Of this amount, ETH liquidations totaled $18.79 million, while BTC liquidations totaled $8.06 million.
03:10
ETH Breaks Through 1,900 USDT; 24-Hour Decline Narrows to 1.02%
Svmuu News: According to OKX market data, ETH has broken through 1,900 USDT and is currently trading at 1,901.61 USDT, with its 24-hour decline narrowing to 1.02%.
03:07
Gate Direct IPO will list Jersey Mike’s (JMKE) on July 27, supporting subscriptions in both USDT and GUSD.
Svmuu News: According to an official announcement, the second project in Gate’s IPO Access program, Jersey Mike’s (JMKE), will open for expressions of interest on July 27, 2026, at 10:00 (UTC+8). Users can participate using USDT or GUSD for a chance to receive corresponding shares, which can be traded on Gate’s Stocks section after the listing.
The subscription period for this offering will run until July 29, 2026, at 10:00 (UTC+8), with a reference subscription price of $21–$25 per share. with a minimum investment of 100 USDT or 100 GUSD and a maximum of 500,000 USDT or 500,000 GUSD. No additional fees apply. Regarding subscription quotas, the USDT and GUSD subscription pools each account for 50%; the platform will calculate the allocation ratio based on users’ average hourly locked-in balance during the subscription period.
This subscription is an “indicative subscription”; the final allocation results will be determined based on a comprehensive assessment of the actual IPO offering conditions, the platform’s allocated quota, and user participation. Shares successfully allocated are expected to be distributed to users’ Gate Stock accounts on July 30, 2026, and will be tradable on the Gate Stock section following the listing. There is no lock-up period for these shares, and they are 100% unlockable.
02:59
Dritan Kapllani Jr., a suspect in a $19 million crypto theft case, has once again laundered 126.7 ETH
Svmuu News, July 24: On-chain data shows that Dritan Kapllani Jr., a suspect in a crypto theft, laundered another 126.7 ETH on July 22, worth approximately $239,000. Previously, an investigation by on-chain detective ZachXBT revealed that Dritan Kapllani Jr. is suspected of using social engineering tactics to steal assets from cryptocurrency holders, with the total amount involved reaching $19 million. Dritan Kapllani Jr. has long showcased his lavish lifestyle on social media, featuring luxury cars, designer watches, and private jets, and on April 23, 2026, he publicly displayed $3.68 million in assets in his Exodus wallet during a Discord call.
02:56
WTI crude oil futures fell 1.13%, while Brent crude oil futures fell 1.03%
Svmuu News: According to Gate data, WTI crude oil futures fell 1.13% to $91.146 per barrel, while Brent crude oil futures fell 1.03% to $93.291 per barrel.
02:55
Genspark Plans to Invest $100 Million in the South Korean Market Over the Next Three Years and Launches AI Workspace 6.0
Svmuu News: AI company Genspark has released AI Workspace 6.0 and officially entered the South Korean market. Genspark COO Wen Shang stated in Seoul on July 24 that South Korea is one of Genspark’s top markets, and the company plans to invest $100 million in the South Korean market over the next three years to expand its team, partnerships, and business operations.
AI Workspace 6.0 includes the persistent memory layer SecondBrain, the company’s first hardware device SecondBrain Note, the email AI agent GenMail, the design feature AI Design, and the team collaboration platform GenTeam. SecondBrain integrates information from users’ existing office tools and enables AI agents to utilize past projects, decisions, and communication records in subsequent tasks.
SecondBrain Note is credit-card-sized and can record meetings, calls, conversations, and voice memos, converting them into searchable, structured memories that are synchronized with SecondBrain. It is currently available at a promotional price of $179. GenMail learns from users’ existing emails, communication styles, professional relationships, and work history to generate draft replies within Gmail and Outlook and execute relevant workflows.
AI Design converts natural language requests into visual materials and prototypes. GenTeam enables people to collaborate in shared spaces with specialized AI agents organized by role. AI agents in fields such as marketing, design, development, and research can join as group chat members and perform tasks based on the team’s shared memory and permissions.
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)

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