Wang Yajun: The Hong Kong market has entered the era of AI, and it is expected that the scale of equity financing and IPO will reach a new high in 2026

According to the Science and Technology Innovation Board Daily, SK Hynix has launched mass production and shipment of the 12 layer HBM4 for Nvidia, and the product has entered the stage of capacity ramp up. This is the first time that HBM4 has completed the final specification of quality certification for Nvidia's next-generation AI platform Vera Rubin. SK Hynix will expand its HBM4 shipment scale in September to meet Nvidia's demand for high-end computing chips.

CryptoQuant analyst Axel Adler Jr. pointed out that Bitcoin's Adjusted Net Unrealized Profit and Loss (NUPL) has been in negative territory for six consecutive weeks, currently approaching -0.13. The NUPL readings of the overall market, long-term holders, and short-term holders have all converged to around -0.13, and the depth of losses has narrowed compared to the low point in June, but none have returned to the break even point. Axel Adler Jr. stated that the simultaneous narrowing of losses indicates a relief of panic selling pressure, but it does not yet constitute a complete reversal.

[Malaysia Investigates Tech Commune Founded by Former Coinbase Executive, Involving Israeli Entry Issues] According to Reuters, Malaysia's Ministry of Home Affairs is investigating the "Network State" tech commune founded by former Coinbase Chief Technology Officer Balaji Srinivasan. The project is located in Forest City, Johor, and social media allegations claim the commune hosted Israeli individuals entering with non-Israeli passports. Malaysia's Ministry of Home Affairs is verifying the identities, nationalities, travel document legality, and entry purposes of the individuals involved, while also reviewing whether the project complies with local regulations regarding permits, building usage, and operational activities.

In the past 24 hours, short-term Bitcoin holders sold 32800 BTC at a loss, setting a record for the largest loss in two weeks. （Cointelegraph）

According to the official announcement of Binance, starting from 00:15 (UTC+8) on July 15, 2026, Binance contracts will adjust the settlement frequency of fund rates for SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT perpetual contracts to once every four hours, and the upper/lower limit of fund rates will be adjusted to ± 0.50%.