Morgan Stanley raises SpaceX target price to $300

[Ethereum Market Share Returns Above 10%, Lean Ethereum Roadmap Plans Seven Upgrades by 2029] According to BIT Official analysis, Ethereum's market dominance has climbed back above the critical psychological level of 10%. The Lean Ethereum roadmap plans to complete seven consecutive upgrades by 2029, aiming to build a high-speed settlement layer that includes faster finality, quantum-resistant cryptography, and native privacy features across the network.

The new full node client Zakura, jointly developed by Project Tachyon and Valar Group, has been officially released. The client is built on Zebra and supports Ironwood (NU6.3) network upgrades. The upgrade is expected to be activated around July 28th. Zakura completes Zcash mainnet synchronization in about 4 hours and 20 minutes, while Zebra takes about 20 hours and 46 minutes, resulting in a nearly 5-fold increase in synchronization speed.

[Bernstein Research Report: AI Compute Expansion Will Drive Semiconductor Equipment Demand, Expenditure Exceeds Market Expectations] Bernstein released a research report on July 20, 2026, stating that every additional 1GW of annualized compute power corresponds to $8 billion in equipment investment. If an average of 50GW compute power is added annually, global wafer equipment expenditure from 2027 to 2029 will exceed $700 billion, with an annualized scale approaching $300 billion. The current market estimates annual industry demand at only $120 billion to $150 billion. If compute infrastructure construction maintains a high-speed pace, leading equipment manufacturers' profits will surpass market expectations. Based on the 50GW scenario, the price-to-earnings ratio for Applied Materials, Lam Research, and KLA in 2028 is projected to fall to 15 to 18 times. Bernstein is optimistic about Applied Materials and has given an outperform rating to six companies, including Lam Research, KLA, and ASML, while Screen is rated as market perform.

According to Onchain Lens monitoring, a Hyperliquid whale deposited $11 million USDC four hours ago and subsequently deposited $10 million USDC to increase its perpetual contract position. The whale has accumulated $26 million in deposits within 24 hours and currently holds $51.2 million in short positions, including $35.1 million in SKHX short positions, $14.57 million in BRENTOIL short positions, and short positions in SMSN, HIMS, and NVDA. （Onchain Lens）

Strategy founder Michael Saylor has issued a statement opposing the BIP 110 proposal aimed at restricting non-financial data storage of Bitcoin, arguing that the proposal forcibly regulates currency purity and is incompatible with the freedoms, property rights, free markets, natural law, and Austrian economics that are deeply rooted in the Bitcoin community.