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Svmuu News: Base co-founder Jesse Pollak posted on X, stating that Base aims to become “the free market of the internet.” According to data from Blockworks that Jesse shared,over the past year, Base’s market share of on-chain spot trading volume has grown approximately threefold, and it has not experienced any loss of relative market share in the past two weeks. Base currently leads in trading volume for Bitcoin and foreign exchange (FX) trading, and will soon be aggressively expanding into the on-chain stock trading market.

Svmuu News: CZ, founder of Binance, posted on X in response to Bitmart’s shutdown, stating that the industry is once again facing difficult times, but that, as it stands, the situation is proceeding in an orderly manner and users can still withdraw their assets.
CZ emphasized that during periods of market uncertainty, users should focus more on asset security and a platform’s ability to continue operating, rather than simply pursuing short-term gains.

Svmuu News: South Korea’s SK Telecom (SKT) announced the establishment of “SK Hyper,” a new company dedicated to artificial intelligence data centers (AIDC), and plans to invest a total of 750 billion won to drive large-scale expansion of its AI data center business. The market believes this move is expected to strengthen the company’s competitiveness in AI infrastructure and generate new growth expectations for its stock price.
SK Telecom will initially invest 330 billion won and plans to invest a cumulative total of 750 billion won by December 2030, holding 100% of the new company’s shares. This organizational restructuring aims to accelerate the execution of SK Telecom’s medium- to long-term large-scale AI data center construction plan. The newly established SK Hyper will be responsible for the development and commercialization of future large-scale AI data center projects, including preliminary work such as site selection, securing power infrastructure, and commercial partnerships with clients.
In terms of business division, SK Telecom’s existing 137 MW of data center assets, as well as the 100 MW Ulsan AIDC project—which is expected to be fully operational by 2029—will continue to be operated by SK Broadband. Meanwhile, the new 900-MW Ulsan AIDC project, as well as the super data center projects aimed at securing a long-term capacity of 15 GW, will be led by SK Hyper.
SK Hyper will adopt a “development-led” business model rather than the traditional model of directly owning data center assets. The company will secure key resources such as land and power grids in advance and, through project special purpose companies (SPCs), will be responsible for the construction, ownership, and operation of the data centers.
This model is expected to reduce the financial pressure associated with large-scale capital investment. SK Hyper plans to secure external funding, such as equity investments from financial investors (FIs) and project financing (PF), to shift construction costs, capital expenditures, and depreciation pressures to the project companies, while generating revenue through development service fees and a share of operating profits.
Analysts note that while the market previously raised doubts about the feasibility of securing the hundreds of trillions of won needed for SK Telecom to build large-scale AIDCs exceeding 5 GW, the establishment of a dedicated legal entity now provides a more realistic path for expansion. Combined with the South Korean government’s support for power supply and approval processes, as well as the advantages of SK Hynix—a subsidiary of SK Group—in supplying memory chips, the pace of AIDC project development and its commercialization potential are expected to increase.
Shin Hee-cheol, an analyst at iM Securities, stated that the SK Hyper model—which focuses on early-stage development and utilizes external capital to complete construction and operations—can minimize SK Telecom’s financial burden while balancing the pace of AI data center expansion with profitability. (Ket)

Svmuu News: According to on-chain analyst Yu Jin, tokens unlocked and transferred yesterday from the Solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN team address were deposited into a CEX;15 minutes ago, 13.8 million solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN tokens were transferred to Binance, OKX, and KuCoin, with a total value of $21.94 million.

Svmuu News: CryptoQuant analyst Axel Adler released a weekly report stating that the U.S. 10-year Treasury yield has recently risen to about 4.7%, approaching the upper end of its five-year range. The high-interest-rate environment is tightening financial conditions, increasing financing costs and asset discount rates, and putting greater pressure on risk assets.Currently, the futures market prices in a roughly 38% probability of a rate hike at the Fed’s next meeting, but a Reuters survey of 104 economists generally expects rates to remain unchanged.
Regarding the Bitcoin market, Axel Adler noted that after rebounding by about 11% from its June low of approximately $59,000 to near $66,000, BTC has now pulled back to around $64,300.Four potential risks are simultaneously emerging in the market: First, volatility has compressed significantly; implied volatility fell by 31% in July, dropping to the 8th percentile of its historical range, which suggests that more volatile price movements may follow. Second, demand in the U.S. spot market remains weak; the market has traded at a discount for the past two and a half months, with no sustained capital inflows yet.Third, the market lacks buying liquidity, with stablecoins continuing to flow out of exchanges and new capital activity nearing annual lows; fourth, investors are still realizing losses, and even during periods of profit recovery, some positions are being liquidated, putting pressure on prices.
Additionally, Adler noted that MicroStrategy founder Michael Saylor has not continued to make large-scale purchases of Bitcoin recently. Instead, he published a lengthy article recommending 38 books on civilization, currency, energy, and technological development, in an attempt to construct a theoretical framework positioning Bitcoin as the result of long-term financial evolution.Adler believes the market remains in a critical observation phase, and it is necessary to monitor changes in liquidity, the recovery of U.S. demand, and whether investor behavior is improving.

Svmuu News: On July 24, the Singapore Police Force and the U.S. Federal Bureau of Investigation signed a memorandum of understanding to strengthen joint operations, intelligence sharing, training, and law enforcement assistance in cases involving online scams, cyber fraud, and money laundering. In July, the two agencies completed a joint operation targeting cross-border cryptocurrency scams involving Singapore and the United States. Through the sharing of information and blockchain intelligence, they identified 54 victims and potential victims and prevented potential losses of approximately $2.7 million in the United States and approximately 388,000 Singapore dollars in Singapore. (Theindependent)

Svmuu News: Central banks around the world are grappling with how to respond to oil prices returning to around $100 per barrel. The Federal Reserve, the Bank of England, and the Bank of Japan (BOJ) may exhibit varying degrees of caution in the face of the prospect of energy-driven inflation.Compounded by the fact that European Central Bank (ECB) has signaled its readiness to raise interest rates again, investors are betting that most central banks in this group may take action as early as September.
Madhavi Arora of Emkay Global noted that the rebound in Brent crude is no longer driven solely by known risks in the Strait of Hormuz and the latest Red Sea blockade.With visible shipping traffic through the Strait of Hormuz now down to near zero and global inventories depleted, new supply disruptions are exacerbating tensions.Furthermore, Russian fuel exports remain constrained following months of Ukrainian drone attacks, while Kazakhstan has begun cutting production after the shutdown of the Caspian Pipeline Consortium’s export terminal. The supply side is facing multiple tightening factors. (Jin Shi)

Svmuu News: Crypto platforms such as tradeXYZ and Gate have launched perpetual contracts tracking the stock price of Chinese memory chip manufacturer CXMT, providing overseas investors with pre-IPO price exposure. Data shows that trading volume for these contracts over the past 24 hours was approximately $19 million. CXMT is set to list on the Shanghai STAR Market on Monday and raise nearly $10 billion. These contracts are traded using stablecoins, which to some extent allow overseas investors to bypass the channels and barriers typically associated with accessing the Chinese stock market.

Svmuu News: U.S. investment firm Bain Capital, through the sale of a majority stake in Japanese memory chip maker Kioxia, is expected to generate approximately 2.5 trillion yen (about 22 trillion won) in investment returns, setting one of the highest return records in Japan’s private equity (PE) sector.
With Bain Capital’s exit, Toshiba has once again become Kioxia’s largest shareholder, holding approximately 15%; SK Hynix has become the de facto second-largest shareholder through convertible bonds held by a special purpose company (SPC), representing approximately 14% of the shares. However, since SK Hynix has not yet converted the convertible bonds into shares, it currently does not hold formal shareholder voting rights; the conversion can only be completed after passing antitrust reviews in various countries.
SK Hynix previously invested approximately 395 billion yen in the relevant SPC in the form of convertible bonds and has committed not to hold more than 15% of Kioxia’s voting rights until 2028. The market is watching closely as, amid intensifying global competition in the memory chip sector, Kioxia’s complex equity structure and potential changes in SK Hynix’s shareholding are set to become key variables in Japan’s strategic semiconductor industry landscape. (Daum)

Svmuu News: In response to the successive closures of BitMEX and BitMart, crypto researcher Haotian posted on X, stating: “ Two exchanges have run into trouble one after another, and I see quite a few people gloating, thinking that some exchanges need to ‘blow up’ to fuel the next bull market. Well, while there are certainly some indicators pointing to a shift from bear to bull market, the logic behind this shakeout may be different from what most people think:
1) Amid the overall trend toward compliance, competition among CEXs is far more cutthroat than imagined. Licensing, proof of reserves, KYC/AML/KYT, segregation of client assets, and other compliance issues have become the prerequisites for an exchange’s survival.
This has significantly reduced the likelihood of CEX “collapses,” and the zero-sum game logic of the past—where “one whale’s fall spurs the rise of many”—has vanished entirely. Therefore, rather than being sudden collapses, these are proactive shutdowns in the face of immense competitive pressure—a result of healthy market competition;
2) CEX competition in the tokenization of U.S. stocks sector is, in fact, a strategic move by exchanges to actively expand their channel business. It also signals that the traditional platform business model—which relied primarily on listing fees and trading commissions—is no longer viable. Instead, the introduction of tokenized U.S. stocks, ETFs, pre-IPO assets—requires the urgent development of entirely new revenue streams and growth opportunities.
However, the replacement of crypto-native assets by traditional TradFi assets inherently means that CEXs are losing their pricing and settlement power. While relying on Perps may seem to sustain trading volume and revenue in the short term, in the long run, the “cost” of the pricing hub being reduced to a mere channel and gateway will inevitably have to be faced; Therefore, the fiercer the competition in tokenized U.S. stocks becomes, the greater the survival pressure on CEXs. As you can see, those unqualified to compete are essentially doomed;
3) Right now, CEXs—especially small and medium-sized exchanges—must find a unique positioning to survive. Just as small exchanges in the previous cycle relied on IEOs and other high-quality on-chain assets to attract traffic and users, there now seems to be only one viable path: either focus deeply on regional licenses and localized services, exploit regulatory loopholes, focus on a specific product niche—such as TradFi assets, Perps, or RWAFi—or fully embrace crypto-native innovation narratives, including DeFi, the Agentic Economy, and MEMEs, to weather the cycle by leveraging the power of crypto-native communities. Either way, continuing with homogenized cutthroat competition will only accelerate the wave of eliminations—though, that said, weeding out some of the less competitive players isn’t necessarily a bad thing.”

According to PPP’s prediction market tracking, the probability of the 76ers winning the 2027 NBA Championship on Polymarket has risen to 14%, up 7% from the previous week; the Thunder’s probability of winning the 2027 NBA Championship is currently reported at 22%, while the San Antonio Spurs’ odds stand at 20%.
NBA superstar LeBron James made a major decision this week regarding his 24th professional season, officially parting ways with the Los Angeles Lakers to join the Philadelphia 76ers on a veteran minimum contract, and is expected to form a star-studded starting lineup next season featuring Maxey, Echikum, Brown, James, and Embiid. Pennsylvania Governor Josh Shapiro has announced that July 24, 2026, will be designated as “LeBron James Day” to celebrate his arrival.
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Svmuu News: KB Kookmin Bank announced that it will launch a cross-border corporate payment service in August based on Kinexys, the blockchain payment network operated byJPMorgan Chase. This makes it the first financial institution in South Korea to apply this network to settlements for import and export companies.It is reported that the service will initially support U.S. dollar (USD) remittances, covering 10 countries including the United States, Saudi Arabia, Qatar, and the United Arab Emirates, and is expected to reduce payment processing times across time zones to regions such as the United States and the Middle East. (Dailyenews)