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According to The Block, Multicoin Capital has invested $1.75 million in Trasia, completing its seed round financing. This is its first investment in the Hyperliquid ecosystem and makes it the sole investor in the startup.Trasia is built on the Hyperliquid platform and was co-founded by former Multicoin Capital partner Mable Jiang, aiming to serve Asian traders through its perpetual contract platform.

According to Gate market data, South Korea's semiconductor leader SK Hynix (000660) is currently priced at $1245.42, down 11.52%; Samsung Electronics (005930) is currently priced at $172.47, down 8.76%, with the semiconductor sector overall weakening. According to CoinGlass data, the SKHYNIX contract open interest on the Gate platform reached $26.36 million, with a 24-hour trading volume of $56.49 million; the SAMSUNG contract open interest reached $2.67 million, with a 24-hour trading volume of $5.40 million, with related indicators ranking among the industry's top.

Multicoin Capital Managing Partner Tushar Jain shared in detail his valuation logic and investment framework for HYPE during the "When Shift Happens" podcast. He believes that HYPE is currently severely undervalued, with a benchmark valuation of $319, and recommends a pragmatic accumulation strategy to cope with volatility.Tushar candidly stated that trying to precisely time the market is nearly impossible. The recommended framework is: the first third: buy immediately (enter the market right away); the second third: invest according to a fixed schedule (for example, in batches over 1-2 months); the third third: increase positions opportunistically when prices dip. This method can significantly reduce psychological burden while achieving a good average cost when optimistic about the long-term prospects of the asset.Tushar's valuation model is based on four relatively conservative assumptions: the trading volume of crypto derivatives will maintain a 35% annual compound growth rate over the next two years; the DeFi derivatives market share will increase to 32%; the USDC collateral balance will grow in sync with trading volume; and the "false prosperity" currently created by some projects relying on subsidies will disappear after the subsidies are withdrawn, leading to an increase in Hyperliquid's true market share. Even with these conservative assumptions, HYPE's current price still has significant upside potential, possibly exceeding $600 in some optimistic scenarios.Tushar believes that Hyperliquid is far more than just a rapidly growing perpetual contract platform; it is expected to become a core part of crypto financial infrastructure.

According to South Korean media EToday, the South Korean government announced the "2026 Economic Growth Strategy for the Second Half of the Year," declaring that it will accelerate the advancement of three major "super projects": semiconductors, AI data centers, and physical AI, and plans to enhance industrial competitiveness through the construction of blockchain and digital asset ecosystems.According to the plan, South Korea aims to double its storage chip production capacity within the next five years and launch an AI chatbot and a unified AI education platform for the public in the second half of this year. Notably, the South Korean government proposed to advance large-scale demonstration projects for blockchain and digital asset ecosystems in the second half of this year and to initiate a pilot project for the tokenization of government bonds based on blockchain, exploring the linkage with the central bank's institutional CBDC to promote the upgrade of financial infrastructure. In addition, South Korea also plans to establish strategic investment accounts and a national growth fund to expand long-term capital support for strategic industries such as artificial intelligence, quantum technology, security, and blockchain.

The digital asset trading platform Gate announced that it will open the second phase of the Pre-IPOs project for OpenAI (OPENAI) from July 15, 2026, 15:00 to July 17, 15:00 (UTC+8), supporting participation in both USDT and GUSD. The total subscription value of the project is approximately 20 million USD, issuing 27,700 OPENAI asset certificates, priced at 1 OPENAI = 722 USD, with a minimum investment starting at 100 USDT or 100 GUSD, and waiving implied fees and custody costs. OpenAI, driven by products like ChatGPT, has promoted the development of generative AI and has received investments from Microsoft and others, with a market implied valuation of approximately 895 billion USD.The OPENAI asset certificates are mirror notes prior to the OpenAI IPO, used to map the company's value before and after going public; Gate will hedge exposure by acquiring relevant stocks and provide pre-market trading, long-term holding, and future paths for exchanging stock assets, stock tokens, or USDT. Distribution is calculated based on the "average locked amount per hour," with earlier participation and longer lock-up periods receiving higher weights; the certificates will unlock in three phases on July 17, August 17, and September 17, and pre-market trading will open on July 20.

Multicoin Capital Managing Partner Tushar Jain stated that the crypto market has bottomed out and entered a turning point, with current market sentiment truly reaching a low. Recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and prices have become disconnected from fundamentals.He maintains a long-term optimistic view on Solana, believing that SOL is the correct architecture for spot trading and tokenized securities; he is also optimistic about Hyperliquid's leading position in the derivatives space, currently holding significant positions in both. Regarding ZEC, he mentioned that Multicoin has accumulated a considerable proportion of the supply and believes it represents a return to the "crypto-punk" values of the industry, with the potential to enter the top five by market capitalization.In terms of position management, he employs a "three-part method": immediately buying one-third, dollar-cost averaging the second one-third, and keeping the final one-third as flexible funds to respond to major declines. After confirming that no hackers exploited the Zcash code vulnerability incident, the team significantly increased their positions.

Analyst jukan from Citrini posted on platform X that, according to WSJ, Apple has obtained a semiconductor tariff exemption after committing to use Intel's foundries. Apple will not only produce Mac chips at Intel but will also produce iPhone chips.

According to Bloomberg, Nubank's parent company Nu Holdings, a crypto-friendly digital bank in Brazil, has been granted a formal banking license by Mexico's financial regulatory agency Comision Nacional Bancaria y de Valores, allowing it to conduct business such as payroll accounts, checking accounts, higher limit deposits, and more loan products locally.Since entering Mexico in 2019, Nubank has invested billions of dollars, and currently has over 15 million customers, accounting for about 15% of the local adult population. Founder and global CEO David Vélez stated that total investment in Mexico is expected to reach approximately $4.2 billion by 2030. Obtaining a full banking license is expected to help Nubank replace some wholesale financing with low-cost deposits and compete directly with large traditional banks in Mexico as well as fintech institutions like Revolut and Klar.

According to Jinshi reports, Micron Technology (MU.O) stated that it plans to invest $3 billion to strengthen the domestic semiconductor supply chain in the United States.

According to Onchain Lens monitoring, a wallet possibly belonging to Multicoin Capital appears to be selling HYPE through Galaxy Digital.167,000 HYPE (approximately $11.2 million) was routed through an intermediary wallet to Galaxy Digital's over-the-counter trading platform at around 5 o'clock.

According to Gate market data, the Philadelphia Semiconductor Index fell by 5%.

According to a report by 10x Research, Bitcoin mining stocks have largely decoupled from Bitcoin price trends and have experienced a pullback of about 20%.The report states that Bitcoin mining companies are currently deeply tied to the AI theme, which is more focused on global supply chains and competition rather than crypto adoption or financial digitization. Additionally, the performance of Chinese LLM concept stocks and the outlook for the South Korean semiconductor supply chain are directly impacting the trends of Bitcoin mining stocks.Data from the image shows that the stock price trend of RIOT has become more synchronized with the Semi SOX ETF since April 2026, with both recently retreating from their highs, indicating that the performance of Bitcoin mining stocks is being influenced by the sentiment in the semiconductor and AI computing power chain.

According to the latest report from Omdia titled "2026 Q2 Semiconductor Application Market Forecast Tool (AMFT)", driven by the large-scale development of AI infrastructure, the expected year-on-year growth rate of China's semiconductor market size in 2026 has been significantly revised upward to 92.9%, reaching a total of $812.08 billion. Among them, the computing and storage category is expected to grow by 126%, accounting for 62.9% of the overall application market, marking that the industry is fully entering the AI-driven era in sync with the global trend.In the segmented chip categories, influenced by the surge in demand for AI cloud and edge inference leading to tight supply and demand, the market size of China's storage chip market is expected to skyrocket by 262.9% to $449.6 billion, with market share jumping to 55.4%. At the same time, AI demand has also driven significant growth in logic chips (27.9%), analog ICs (25.4%), and microcontrollers (15%), creating enormous space for the improvement of local semiconductor self-sufficiency and capacity utilization. In contrast, the wireless communication category, primarily focused on smartphones, although experiencing an absolute scale growth of 68.8%, is expected to see its overall market share decline from 30.43% in 2025 to 26.63% due to the dual pressure of soaring storage costs and shrinking shipment volumes.

Gate, as the exclusive platform supporting Korean stock trading services, continues to enrich the global stock asset layout. Recently, the volatility in the Korean semiconductor sector has intensified, and the market trading heat remains high. According to the latest data from the Gate platform, the semiconductor leader SK Hynix reached a high of $1654.1 and a low of $1509.9 during the day, currently reported at $1543.1, with a daily decline of 5.03%. According to CoinGlass data, the contract position for Gate SK Hynix (SKHYNIX) exceeds $24.5448 million, ranking among the industry leaders.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $192,000 in a single bet on the "Mexico vs. England - More Markets" event, targeting the "Advancing Team." Based on the current transaction price, the latest corresponding winning probability for this bet is 48%.

According to The Edge Malaysia, South Korean Chief of Staff Kang Hoon-sik stated on July 5 that the Lee Jae-myung government plans to establish a "Future Response Fund" using the additional tax revenue generated by the semiconductor boom. This fund will support three major super projects (semiconductors, physical AI, data centers), cultivate new growth momentum, address "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for the young population aged 20 to 30.Samsung Electronics, SK Hynix, and government agencies plan to invest hundreds of billions of dollars in the aforementioned projects, aiming to strengthen South Korea's global competitiveness in the chip and AI sectors and promote balanced development outside the capital region.

In 2026, Sandisk rose over 530% cumulatively, and Micron rose over 230% cumulatively, reflecting the market's demand for companies benefiting from the growth in AI demand in the first half of the year.Subsequently, the Roundhill Memory ETF (DRAM) fell 25% from its peak in June, and the VanEck Semiconductor ETF (SMH) dropped about 12%. After reports that Meta was advancing the sale of excess GPU capacity, AI infrastructure stocks and computing service providers were sold off, and Bitcoin rebounded from a two-year low.

According to Crypto Briefing, Silicon Valley AI startup Higgsfield AI is in talks for a new round of financing, planning to raise between $300 million and $500 million, with a pre-money valuation target of $5 billion.If the financing is completed at the target valuation, it would increase the company's valuation from approximately $1.3 billion in January 2026 by more than four times. Higgsfield has raised a total of $138 million to date, with investors including firms like Accel and Menlo Ventures.It is reported that the scale of this latest financing round will exceed approximately three times the total amount raised previously.

According to Gate market data, the Philadelphia Semiconductor Index fell over 5%, Micron Technology fell over 8%, Intel fell over 7%, Arm fell 6%, and Nvidia fell 2.6%.