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SK Hynix released its Q2 2026 financial report, with revenue of 79.3 trillion Korean won (approximately 52.9 billion USD), a year-on-year increase of 257% and a quarter-on-quarter increase of 51%; operating profit of 60.5 trillion Korean won (approximately 40.3 billion USD), a year-on-year increase of 557% and a quarter-on-quarter increase of 61%, with an operating profit margin of 76%; net profit of 93.9 trillion Korean won (approximately 62.6 billion USD), with a net profit margin of 118%, which includes a one-time gain of approximately 62.2 trillion Korean won from the sale of Kioxia shares. The cumulative revenue for the first half of the year has surpassed 100 trillion Korean won for the first time. Although the performance set a new historical high for a single quarter, it fell short of market expectations for revenue of 83.9 trillion Korean won and operating profit of 64.2 trillion Korean won, leading to a drop of over 5% in ADR after the financial report was released.The growth in performance is driven by the increase in both volume and price of high-performance AI products (HBM, eSSD, etc.). HBM4 has begun mass production and shipment in Q2, with plans to expand production in the second half of the year; samples of HBM4E have been delivered. The company has finalized long-term supply agreements (LTA) with about 10 customers, securing approximately 50% of sales volume. As of the end of the quarter, cash and cash equivalents reached 88 trillion Korean won, with a net cash position of 69.4 trillion Korean won. The company expects capital expenditures in 2026 to reach the upper end of the 40-50 trillion Korean won range and is advancing the mass production of the Cheongju M15X and the construction of the Yongin cluster.

According to the Q3 2026 signal report released by Fidelity Digital Assets, the prices of BTC, ETH, and SOL are generally at historical lows, with multiple indicators close to the capitulation zone. Fidelity believes that the current valuation levels may correspond to attractive long-term entry conditions.As of the end of Q2, the weighted net unrealized profit and loss (NUPL) was -0.01, with BTC being the only asset with a positive unrealized profit, approximately 10% above its cost basis, with an unrealized profit of about $108 billion, while ETH and SOL were approximately 30% and 41% below their cost bases, with unrealized losses of about $87 billion and $29 billion, respectively. BTC's market share rose to 68% quarter-over-quarter.The report states that, based on historical backtesting, the current NUPL readings for the three correspond to one-year median returns of 53%, 70%, and 542%, respectively, but the reliability of the samples decreases sequentially. The NUPL reading for SOL has only occurred 21 times in history, concentrated at the end of 2025, which has limited statistical significance.On the fundamental side, the value of stablecoin transfers for both ETH and SOL has reached new highs, exceeding $20 trillion and $2.6 trillion, respectively, over the past 12 months, but network fee revenue continues to decline.Additionally, the report attributes the 22% decline in BTC hash rate from its peak to miners shifting their computing power towards AI and high-performance computing, as AI contract revenues are more stable due to the depressed coin prices.

CryptoQuant analyst Darkfost stated that the scale of BTC long-term holders transferring their holdings to trading platforms has recently risen to a high level. Currently, long-term holders contribute 5.1% of the total Bitcoin inflow to trading platforms. This ratio is close to the historical record, only having been higher than the current level in 2020, approaching 5.5%. This change occurred after a significant drop in Bitcoin prices.Since a 90-day moving average is used, this indicator has a certain lag, and changes will not immediately reflect the latest market dynamics. In the future, this trend is likely to gradually stabilize, but based on current data, the trading activity of long-term holders has clearly become more active recently.

Jiang Zhuoer posted on platform X: "Changxin Storage is likely to open high, surge, and then fall back, with the first day being the historical highest price. If you want to buy Changxin in the A-shares, make sure Hyperliquid funds are ready. The perfect script is to buy at the A-share opening, sell during the noon surge, and then sell A-shares the next day while buying back at Hype to settle."

According to GMGN market data, the market capitalization of the Robinhood ecosystem token PONS briefly surpassed $56 million, setting a new historical high, and is currently reported at $49.8 million, with an intraday increase of over 24%.The price of this token is highly volatile, driven largely by market sentiment and hot events, lacking actual value support, and investors should be aware of the risks.

According to Token Terminal data, the market value of tokenized stocks reached a record $2.3 billion in mid-July, nearly doubling since it first surpassed $1 billion in March. On July 21, the circulating volume of Ondo Finance's tokenized stocks (514.5 million shares) and the number of holders (93,880), the tokenized market value of Backed Finance ($579.4 million), and the number of tokenized stocks on Robinhood Chain (126,720 shares) and the number of holders (36,170) all hit historical highs.The tokenized stock exchange Arcus launched by the dYdX team recorded a daily perpetual contract trading volume of $11.9 million and a new high of $6.8 million in open contracts on the same day. By chain distribution, Ethereum accounts for 34% of the tokenized stock market share, BNB Chain accounts for 30%, and Solana accounts for 23%. Ondo Finance leads with an on-chain stock scale of $955 million and recently collaborated with Japan's SBI Group to tokenize Japanese stocks, enabling 24/7 minting, redemption, and voting rights features. xStocks surpassed a cumulative trading volume of $25 billion within eight months of its launch. Ondo executives previously estimated that the market value of tokenized stocks would reach $2.5 to $3 billion by the end of the year.

CryptoQuant analyst Darkfost stated that Bitcoin's current MVRV percentile is around the 5th percentile—meaning that historically, 95% of the time, this metric has been higher than it is now. This indicates that the Bitcoin price is currently in a very low range relative to its historical levels. MVRV is an indicator that measures the relationship between Bitcoin's market capitalization and its "realized value" (the price at which each BTC last moved).The method used by Darkfost does not simply look at raw values but ranks the current MVRV within historical data to assess the current price's relative position in history. Previously, in February, when BTC fell below $60,000, this metric dropped below 10%, and it has entered a similar range again since June. Historical data shows that these periods often correspond to long-term bottom ranges.

The supply of non-USDC/USDT stablecoins on Solana has reached 4.81 billion USD, setting a new historical high, driven by USD 1 and USD G0.

Cryptoquant indicates that its 365-day PnL index signal continues to decline, showing that the current BTC cycle may not have reached its peak yet. BTC is currently trading at approximately $62,656, down about 50% from its historical high of around $126,000 in October 2025.Cryptoquant's bull-bear cycle indicator turned green on May 12, 2026, marking the first bullish signal since March 2023. Cryptoquant stated that this indicator had shown false positives in 2022, and the green signal itself does not guarantee a sustained upward trend. A major whale bought BTC worth $98,900,000 at the low of $59,734 on June 5 and made a profit of $3,500,000 within two days after the market rebound. BTC has since maintained above $60,000, trading at approximately $62,550 at the time of writing.

According to CoinDesk, Jurien Timmer, the Global Macro Director at Fidelity, stated that Bitcoin is approaching the bottom support line of its "power law model" constructed based on the complete price history of Bitcoin. This long-term support level is currently around $58,000, while the current price of Bitcoin is approximately $62,700, gradually nearing this area, or may have already entered the "accumulation zone" defined by the model.However, Jurien Timmer did not confirm that the market has bottomed out, but believes that Bitcoin may not experience a rapid rebound immediately. Instead, it is expected to fluctuate around the long-term support line for several months. Short-term capital has previously exited, and the flow of funds has rotated from Bitcoin to gold, and then from gold to the semiconductor sector. Currently, the market's pursuit of hot sectors is still mainly concentrated in the semiconductor field.

According to The Defiant, the financial and operational update released by Sky Frontier Foundation for June 2026 shows that its annualized total revenue run rate has reached a new record of $419.08 million. It is reported that the annualized total revenue run rate is an estimated metric that converts short-term revenue data (usually monthly or quarterly) into annual revenue, used to quickly assess the current revenue scale and development trend of the business.Data from DefiLlama shows that Sky has generated $30.14 million in fee revenue over the past 30 days, with an annualized revenue of approximately $367 million. This data reflects the total fees paid by users, rather than the "total revenue" concept adopted by Sky, which is generally consistent with the data released by Sky.

CryptoQuant analyst Darkfost pointed out that the proportion of unrealized profits in Bitcoin has dropped to 65.8%, below the historical average of 81%, while the proportion of unrealized losses is about 34.2%. The current market is still supported by profitable positions rather than dominated by losses, but the profit proportion continues to decline.Darkfost stated that in past bear markets, the market always reaches a stage where unrealized losses exceed the proportion of profits, and it is currently uncertain whether this cycle will be an exception. This indicator reflects the overall profit and loss situation of market positions and is an important reference for assessing market sentiment and potential selling pressure.

According to on-chain analyst Onchain Lens (@OnchainLens), a historical whale wallet with cumulative profits exceeding $38.75 million has become active again after months of silence. A few hours ago, it deposited $892,000 USDC into Hyperliquid and staked HYPE, subsequently opening two long positions: 14,290 ZEC (approximately $7.01 million, 10x leverage) and 1.62 million LIT (approximately $3.98 million, 5x leverage), with a total position size of about $10.99 million.In addition, the wallet has placed a limit order to buy another 10,032 LIT.

The latest data shows that the issuance of TRC20-USDT has surpassed 90.2 billion, setting a new historical high. Since the beginning of this year, the TRON network has cumulatively issued an additional 9 billion USDT. Currently, the number of accounts holding TRC20-USDT has reached 74.9 million, with the total number of transfers exceeding 3.5 billion; the total number of accounts on the TRON network has also surpassed 390 million.At the same time, according to statistics from Lookonchain, the activity on the TRON network continues to rise, with monthly transaction numbers exceeding 385 million and monthly active accounts surpassing 26.9 million, both of which have set historical records.TRC20-USDT is a stablecoin pegged to the US dollar issued by Tether on the TRON network. Its characteristics of fast transfer speed and low fees have attracted a large number of users, and it is already supported by several exchanges including Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate, and Poloniex.The TRC20 version of USDT will significantly enhance the existing decentralized application ecosystem of TRON, bringing higher overall value storage and stronger liquidity for decentralized exchanges, and providing a more convenient blockchain entry point for enterprise partners and institutional investors.