Patrick Witt: National Guard Training Mission Delayed, Will Stay in Washington to Promote Clarity Act

[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.

According to MSX.COM data, TSMC's US stock rose by over 3.2% in pre-market trading. TSMC plans to raise prices for advanced and mature process chip foundry services by up to 10% by 2027.

Binance announced on the X platform that Binance Alpha will be available for airdrop collection today at 19:00 (UTC+8). Users who have at least 256 Binance Alpha points can receive token rewards on a first come, first served basis, with the process consuming 15 Binance Alpha points. This airdrop has three reward levels: ordinary, rare, and ultra rare. Users will be automatically assigned to the corresponding level when receiving them. If the rewards have not been fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes.