According to Bybit data, the Philadelphia Semiconductor Index fell 5%, Maiwell Technology fell over 7%, Arm fell nearly 7%, Intel fell nearly 7%, Micron Technology fell 5.7%, and Nvidia fell over 2%.
BitMEX co-founder Arthur Hayes announced his appointment as the head of Flop Labs and the launch of the AI Agent token FLOP, which is positioned as a fuel for AI agents. FLOP adopts an issuance model of no pre-sales, no venture capital institutions, and 100% fair launch. Flop Labs is expected to conduct a large-scale airdrop in the fourth quarter of this year and launch the Genesis block in the first quarter of 2027.
