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According to Coinglass data, the Coinbase Bitcoin premium index has been in a negative premium range for 76 consecutive days (from May 19 to present), with the latest value at -0.1012%. Previously, this index was in a negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest "continuous negative" record since the indicator was launched, surpassing the approximately 30 days of continuous negative premium during the "1011 crash" period.Historical data shows that long-term negative premiums are often accompanied by the exit of institutional funds from the United States, and caution is needed regarding short-term pullback pressure.

According to Jinshi reports, the Nasdaq 100 ETF Dachen announced that the recent trading price in the secondary market is significantly higher than the reference net asset value of the fund shares, resulting in a substantial premium.On July 31, the closing price was 1.72 yuan, while the reference net asset value of the fund shares at closing was 1.5907 yuan. If the premium does not effectively decline by August 3, the fund has the right to apply for measures such as suspension of trading. Currently, the fund is operating normally, with no undisclosed information that needs to be disclosed.Investors are reminded to pay attention to premium risks and make prudent decisions.

According to The Wall Street Journal, the U.S. market has frequently seen bubbles around specific industries and themes in recent years, but these localized bubbles usually do not drag down the overall stock market when they burst.The current storage chip bubble rapidly inflated and burst within about 4 months, accompanied by severe volatility and a hedge fund falling into crisis, yet the S&P 500 index is only 1.6% away from its historical high, and the equal-weighted S&P 500 index set a new high last week. The pullback in AI-related stocks has also been almost completely offset by gains in other sectors.Over the past decade, the U.S. market has experienced bubbles in 3D printing, Chinese concept stocks, low-volatility products, SPACs, clean energy, cannabis, space, crypto assets, and AI concept stocks. Strategy fell 83% from its peak, Trump Media's stock price dropped 89%, and SK Hynix fell 55% before rebounding last Friday.Loose funding, speculative demand, and expectations for new technologies have driven these bubbles, while margin debt and leveraged ETFs in recent years have further amplified the volatility.These localized bubbles have not caused severe shocks to the economy, mainly because most were not financed by large amounts of debt. After the bubbles burst, the losses were primarily borne by investors, and the banking system did not suffer significant shocks.Macro strategist Russell Napier stated that the banking system remains healthy, so there is always more credit available in the market to create the next round of bubbles.However, AI investments are pushing the market into a more dangerous territory. Data center spending is expected to reach $7 trillion over the next four years, and if the productivity gains from AI are not sufficient to support such a scale of investment, capital misallocation could severely harm the economy.As AI construction increasingly relies on debt financing, if broader AI investments ultimately prove to be a bubble, their burst could impact the financial system, making it difficult for the overall market to remain unaffected.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 75 consecutive days (from May 19 to present), with the latest value at -0.0973%. Previously, this index was in the negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "continuous negative" period since the indicator was launched, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."Historical data shows that long-term negative premiums are often accompanied by the exit of institutional funds from the United States, and caution is needed regarding short-term pullback pressure.

According to Gate market data, the Philadelphia Semiconductor Index nearly erased its intraday gains, which had previously risen by about 5%. SanDisk (SNDK.O) fell by about 7%, Micron Technology (MU.O) dropped over 4%, and SK Hynix (SKHY.O) declined over 2%. The Nasdaq Composite Index is currently down about 0.2%.

According to South Korean media reports, Doosan Group has signed an agreement with SK Group to acquire semiconductor wafer manufacturer SK Siltron. With the completion of this transaction, Doosan is expected to further enhance its competitiveness in the semiconductor industry based on its core businesses in energy, machinery, and more.Doosan Group's holding company "Doosan" disclosed on the 31st that it has signed a share purchase agreement with SK Group to acquire 70.6% of the shares held by SK in SK Siltron, with a transaction amount of 2.3 trillion won.However, the 29.4% stake personally held by SK Group Chairman Chey Tae-won is not included in this acquisition. SK Siltron is the only semiconductor silicon wafer manufacturer in South Korea, ranking third in the global market share based on 12-inch wafers. Last year, SK Siltron's corporate valuation exceeded 5 trillion won.

The trading of technology and semiconductor-related assets is active, with multiple semiconductor-themed tokens on Gate gStocks experiencing significant price increases. According to the latest data from Gate, the SanDisk 2x Long ETF token (SNXXG/USDT) has risen by 63.71% in the last 24 hours, currently priced at $11.368, making it the leading gStocks asset in terms of price increase. Meanwhile, the AXT Semiconductor token (AXTIG/USDT) has performed well, rising by 52.97% in the last 24 hours, currently priced at $58.13; the Micron Technology 2x Long ETF token (MUUG/USDT) is currently priced at $27.91, with a 24-hour increase of 41.46%. As the market attention on the semiconductor industry continues to heat up, Gate gStocks is expanding its global stock tokenization asset ecosystem, providing users with more diversified market participation opportunities.

According to Jinshi reports, Google's Deepmind has launched the Gemini Robotics ER 2 model.

According to Gate market data, the Philadelphia Semiconductor Index is currently up over 6%, expected to achieve the largest single-day increase in more than a month.At the same time, the Nasdaq Composite Index's increase has expanded to 2%.

The "China Business Journal" issued a statement saying: "Recently, our company discovered that illegal individuals are impersonating 'China Business Journal' and sending emails to some companies through non-official company email accounts, falsely claiming to have obtained significant negative information about the companies through so-called 'undercover investigations,' and threatening that if financial compensation (in Bitcoin) is not paid, the related 'undercover articles' will be published."The "China Business Journal" stated that all its news reports strictly comply with national laws and regulations, and interviews and communications are conducted through official channels. Such behavior is suspected of fraud and has been closely monitored, with evidence collected, and all rights to pursue legal responsibility are reserved. The statement reminds relevant companies to remain vigilant; if they receive such impersonated emails, they should not pay any financial compensation, and should immediately preserve all evidence and report to the local public security authorities.

According to Jinshi reports, Samsung Electronics' semiconductor division reported that its profits have increased by more than 250 times due to the reliance of artificial intelligence on memory. The division's operating profit for the second quarter was 89.2 trillion won (approximately 62 billion USD), exceeding analysts' average expectation of 79.3 trillion won.The group's overall net profit was 71.3 trillion won, also surpassing market expectations.

According to Fortune, the prediction market platform Polymarket has established the Polymarket Institute, a new organization dedicated to researching prediction market information discovery and forecasting mechanisms, fully funded by Polymarket but without disclosing the specific amount.The institute will set up a "Scientific Scholarship" program to fund doctoral researchers conducting research in related fields, initially recruiting 12 researchers, each of whom will receive a one-time grant of $10,000. To ensure research independence, researchers are prohibited from trading on platforms like Polymarket during their tenure and retain the unconditional right to publish any research findings (even if unfavorable to Polymarket). The funding will adopt a university donation model rather than commissioned research to avoid Polymarket having editorial influence over the results.Polymarket's Chief Data Officer Kai Brusch will serve as the Managing Director of the institute, and Carnegie Mellon University Assistant Professor of Economics and Technology Brian Jabarian will serve as the Scientific Director. To avoid conflicts of interest, Jabarian will not receive personal compensation for this role.

According to Jinshi reports, ING analyst Francesco Pesole pointed out in a report that the resumption of military strikes in the Middle East conflict reminds investors to remain cautious regarding the euro to US dollar exchange rate. He stated that for the euro to ensure a sustained rise above 1.15 dollars, the market needs to lower expectations for US interest rate hikes through data or communication from the Federal Reserve, while risk sentiment also needs to stabilize.If the market's general optimistic expectation that the conflict situation will ease is correct, then the euro to US dollar exchange rate has likely already bottomed out.

According to Jinshi reports, the China-Korea semiconductor ETF Huatai-PB (513310) saw a record high trading volume today, with a total transaction amount reaching 25.98 billion yuan, setting a new record and increasing by 121.1% compared to the previous trading day. The top two holdings of this ETF are Samsung Electronics and SK Hynix.

On July 29, according to WEEX TradFi market data, funds continue to gather in the technology and consumer sectors. Among them, the semiconductor and software sectors performed actively, with SOXS rising over 13.02% in 24 hours, FIGMA rising 6.21%, ADBE rising 5.40%, and CRM rising 4.46%; in the large consumer sector, KO rose 6.08% and PEP rose 3.74%; in the financial payment sector, PYPL rose 4.07% and MA rose 3.71%. WEEX Labs believes that after a significant pullback in the Philadelphia Semiconductor Index on the previous trading day, a recovery has occurred, combined with the Federal Reserve's interest rate decision and the concentrated release of large tech company earnings reports, funds have begun to reposition around performance expectations and event-driven strategies. Currently, WEEX's "TradFi Trading Carnival Season" is underway.

Gemini co-founder Cameron Winklevoss posted on the X platform last night that AI trading has ended, and a large amount of capital is seeking a safe haven. It is time to rotate back to "the hardest currencies in the universe"------Bitcoin and Zcash.On Tuesday, the South Korean KOSPI index plummeted by 10.84%, Samsung Electronics fell by 13.4%, SK Hynix dropped by 14.7%, and Japan's Nikkei 225 fell by about 4%.

According to Gate market data, the US Philadelphia Semiconductor Index fell more than 5% during the day, reaching a new low in two months.Micron Technology fell nearly 9%, while SanDisk and Western Digital both fell more than 12%. NVIDIA fell more than 1%, AMD fell more than 8%, Intel fell more than 6%, and Broadcom fell 2.8%.

Visa and the on-chain data analysis platform Artemis previously jointly released the report "Agentic Payments from the Ground Up," which quantifies the trends of AI agent payments based on real-time on-chain data. The report points out that intelligent commerce should be divided into macro transactions (AI agents completing bookings, subscriptions, etc., adapting to existing card systems) and micro payments (high-frequency small payments between machines, with individual transactions far below $1, which traditional payment structures struggle to support).The report focuses on two "machine-native payment" protocols: x402 (developed by Coinbase, Cloudflare, etc., launching in May 2025) with an adjusted transaction volume of approximately $15 million and 109.6 million transactions as of April 21, 2026, with 422,000 buyers and about 5,300 sellers, primarily concentrated on Base, Solana, and Polygon, settled in USDC; MPP (developed by Stripe and Tempo, with Visa's participation, launching in mid-March 2026) had a transaction volume of approximately $25,000 and 115,000 transactions within 33 days of launch, supporting both on-chain crypto payments and fiat settlements.The report believes that the leap in AI capabilities (with the release of Claude 4.5 and GPT Codex 5.2 in mid-2025) has created a demand for programmatic payments, combined with the decreasing costs of blockchain settlements, making micro payments in the range of 1 cent to 1 dollar economically viable for the first time. Currently, the boundaries between crypto-native protocols and card payment camps are gradually blurring, but agent payments still face trust challenges such as erroneous purchases, adversarial attacks, and liability attribution.

Citrini analyst Jukan posted on social media that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations. He pointed out that The Information's related report only cited a professor from a transportation university in China speaking at an internal meeting in June and did not disclose more substantial information. Jukan believes that the sell-off reaction seen in semiconductor equipment stocks like ASML is an overreaction to this news.According to previous reports, The Information cited sources saying that a state-owned enterprise supported by Chinese state capital has begun mass production of domestically developed DUV (Deep Ultraviolet) lithography manufacturing equipment, marking a key progress in the localization of China's semiconductor industry.Insiders stated that the enterprise plans to produce about 5 domestically made DUV lithography machines by 2026 and expand to about 20 machines by 2027. Although there is still a gap compared to the 131 immersion DUV lithography systems delivered by Dutch lithography giant ASML last year, the entry of domestic equipment into mass production is seen by the market as an important breakthrough in the localization of China's chip supply chain.