Emily Scarlet: SK Hynix raises $29 billion to impact AI storage market

The People's Bank of China released its foreign exchange reserve data for the end of June, with a total of 3416.262 billion US dollars, a decrease of 25.976 billion US dollars compared to the previous month.

OKX launches a DATA trading activity to earn coins, which will run from 20:00 on July 2, 2026 to 20:00 on July 16 (UTC+8). The total prize pool is 1 million DATA coins, and users can receive rewards according to the rules after completing designated spot trading tasks.

Analyst @ thecachessONCHAIN stated that the Bitcoin 100 day NUPL indicator either breaks through the zero axis like every previous bottom, or becomes the first cycle bottom not to break through the zero axis, which is in line with the trend of gradually shallowing the bottom. （CryptoQuant）

OKX has announced the addition of MONUSD UM (X-Perp) to multiple services, including various trading services, officially launching on 2026-07-07 at 17:15 (UTC+8). Important Notes: - The MONUSD UM (X-Perp) contract will officially open for trading on July 7, 2026, at 17:15 (UTC+8). - Trading is supported on the web platform, app, and via API. - X-Perp is a leveraged trading product. Users are advised to fully understand the associated risks and manage their positions responsibly.

[Morgan Stanley Says Storage Faces Short-Term Pressure, Expects Profit Growth by 2027] According to Trend Research, Morgan Stanley pointed out that storage is nearing the peak of price and profit corrections. While short-term stock prices are under pressure, the AI-driven bull market trend remains unchanged. It is expected that industry profits will grow by 35% to 40% by 2027. Morgan Stanley recommends seeking opportunities in DRAM and traditional storage while avoiding module manufacturers. Samsung Electronics' second-quarter operating profit is estimated at approximately 85 trillion KRW, and SK Hynix at around 65 trillion KRW, both in line with market expectations.