sm

The global technology and Web3 data infrastructure Feixiaohao (Feixiaohao.ai) Nasdaq main board stock code FXHO has officially come into effect, marking the completion of Feixiaohao's compliant restructuring of cryptocurrency digital assets. It officially begins a new era of Web3 globalization capital incubation with the "U.S. stock listed company credit endorsement + FDAT 100 index ecosystem + global Web3 brand matrix" trinity. With the code FXHO coming into effect, Binance's U.S. stock module has simultaneously supported trading of this stock.Since mid-March 2026, when LianDai Technology submitted Form 6-K official announcement to the U.S. Securities and Exchange Commission (SEC), proposing to sign a letter of intent to acquire 100% equity of Feixiaohao (feixiaohao.ai) for a total consideration of up to $80 million (including $64 million in stock and $16 million in cash), both teams have efficiently advanced under legal, financial, and global compliance frameworks.With the official effect of the FXHO code today, the listed company will deeply integrate the advantages of traditional hardware supply chains with Feixiaohao's powerful on-chain big data and global community ecosystem, creating the world's first compliant Web3 asset incubation and capital acceleration platform.In the future, Feixiaohao will strictly adhere to international financial regulatory standards, empowering high-quality global Web3 projects to achieve leapfrog growth, and working together with global Web3 industry builders to jointly list on Nasdaq.

The Solana Foundation announced the official launch of the on-chain governance mechanism Solana Governance Proposals (SGP). Validators can now submit, support, and decide on core protocol decisions through SGP. All proposals are conducted on-chain, using a voting mechanism based on staking weight, and verified through Merkle proofs. Any validator that has at least 100,000 SOL delegated can initiate an SGP. Unlike the Solana Improvement Documents (SIMD), which focus on technical and protocol changes, SGP is primarily used to express governance opinions within the ecosystem. Proposals must receive at least 15% support from the total staked network before entering the formal voting phase.

According to on-chain analyst @ai_9684xtpa, the smart money that previously profited $4.15 million from going long on SK Hynix, Micron, and Intel has turned bearish for the first time.Around 17:30 today, they opened a package of short positions on Micron (MU), SK Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and BTC, with a total position exceeding $34.9 million. The U.S. stock market opened with a sharp decline, and within just four hours of opening the positions, they had already realized a profit of $1.742 million.

According to SolanaFloor (@SolanaFloor) monitoring, the daily token issuance on the Solana chain has reached a new high in 80 days, the number of tokens graduating has also surged, and the number of new users has continued to rise over the past two weeks.

According to GMGN data, the top 5 tokens with net inflow of smart money in the past 24 hours are as follows:Horseradish (GAef....ump): Net inflow of $4,000, with a 24-hour increase of 19141.3%, currently priced at $0.0005.Frigoberto (6QN2....ump): Net inflow of $2,000, with a 24-hour decrease of -3.2%, currently priced at $0.0001.KALEO (684r....ump): Net inflow of $1,000, with a 24-hour increase of 498.1%, currently priced at $0.0001.TROLL (5UUH....gH2): Net inflow of $1,000, with a 24-hour increase of 9.9%, currently priced at $0.0562.Goblin (3KHM....ump): Net inflow of $920, with a 24-hour decrease of -53.1%, currently priced at $0.0009.

According to the latest data from the Gate platform, semiconductor leader SK Hynix reached a maximum of $1779.9 during intraday trading today, with a minimum of $1655, currently reported at $1718.8, with an intraday increase of 0.21%. According to CoinGlass data, the contract position amount for Gate SK Hynix (SKHYNIX) exceeds $23,007,200, with a 24-hour contract trading volume of $42,349,300, ranking among the top in the industry for both position size and trading volume.

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

According to WEEX TradFi data, the US stock market has been fluctuating recently, with funds continuously focusing on AI infrastructure-related directions, among which the AI power and energy sector has shown strong performance. Among them, Eaton (ETNON, a leader in data center power management) rose by 3.15%, Vistra (VSTON, an AI power and generation company) rose by 2.22%, and GE Vernova (GEVON, a leader in grid equipment and generation facilities) rose by 1.65%. WEEX Labs believes that the expansion of AI computing power continues to increase the power demand of data centers, and power management and energy infrastructure are becoming important supporting links in the AI industry chain, with increasing attention on related assets.

Crypto KOL Ansem reiterated the long-term investment logic of Bitcoin, stating that despite previously holding a bearish stance, the current price level presents a good buying opportunity. He pointed out that the core narrative of Bitcoin as the hardest currency remains unchanged—it's not subject to government seizure, can be transferred across borders instantly, and is not affected by the long-term depreciation of the dollar, making it an ideal vehicle for long-term wealth storage. The performance of gold outpacing Bitcoin between 2024 and 2025 temporarily undermined the "digital gold" narrative, but he believes that as long as price momentum rebounds, market confidence can be restored.On a macro level, Ansem believes that with the reopening of the Strait of Hormuz and the expected easing of inflationary pressures, the Federal Reserve's hawkish stance may be nearing its peak, at which point both Waller and the Federal Reserve will have room to cut interest rates rather than continue raising them; the strength of the dollar and rising interest rates exert pressure on gold, but if profits from AI stocks flow into real estate, cash, and long-term value storage assets, both gold and Bitcoin will benefit; institutional investors like Paul Tudor Jones still show interest in Bitcoin.Previously, Ansem candidly admitted to being bearish on Bitcoin due to Saylor's (founder of Strategy) position risk, once believing that $60,000 would be hard to maintain, but he stated he is now responding to buy signals. He noted that the current price action has priced in the worst-case scenario of Saylor being forced to sell, and even if he truly needs to sell, it would not happen for at least six months. He concluded that Bitcoin is currently at the intersection of long-term historical support levels and the most pessimistic market sentiment he has observed, making entry at the beginning of Q3 a trading opportunity worth paying attention to.

According to the New Straits Times, Thailand has issued an arrest warrant for Chinese businessman Wang Yicheng, accusing him of being involved in a transnational network that uses illegal cryptocurrency mining to launder money from fraud and online gambling. The Thai Special Investigation Bureau stated that Wang Yicheng was charged with theft and violating the Computer Crimes Act in November 2025, and is currently suspected of having fled the country. Thai authorities are cooperating with international law enforcement agencies to track his whereabouts.

According to Bloomberg, SK Hynix is expected to issue American Depositary Receipts on Nasdaq on July 10. This listing plan aims to raise nearly $30 billion and is expected to become one of the largest ADR issuances in history. The market generally believes that this move will significantly expand its global investor base and may drive a revaluation.Several asset management companies expect that if its valuation aligns with Micron, there is a 30% upside potential for the stock price in the coming year. A fund manager pointed out that SK Hynix should at least trade at a valuation level comparable to Micron, as demand for memory chips may continue to exceed supply in the coming years. This listing occurs during a rare boom period in the memory chip industry. The stock prices of Micron, SK Hynix, and Samsung Electronics have all risen over 200% this year, marking the best annual performance in decades. The demand for HBM from AI servers is widely seen as a driving force behind a structural "memory supercycle."

Uniswap announced on Wednesday the addition of a no-code token auction tool in its web application, allowing any team to configure and launch on-chain token sales directly through the browser without writing code. This tool operates based on Uniswap's Continuous Clearing Auction (CCA) mechanism, where bids accumulate over multiple blocks and settle at a uniform clearing price each time.Bidders set a total budget and a maximum price per token, with everyone paying the same final clearing price. Since the auction spans a time distribution rather than being completed in a single block, it eliminates the speed advantage of bots and last-minute sniping. After the auction ends, liquidity is directly injected into the Uniswap pool, achieving an integrated process for price discovery and trading pair guidance.Previously, Aztec raised $59 million through CCA from 17,000 bidders across 191 countries, with the clearing price exceeding the reserve price by 60%; Cap Labs' auction attracted 1,002 independent bids, with a 5.5 times oversubscription, and a clearing FDV of $106 million.

According to the official announcement, Bitget has launched perpetual contracts for two stocks: ZHIPU (ZhiPu AI) and MINIMAX (MiniMax).

Cryptocurrency payment company Alchemy Pay announced that it has obtained a Money Transmitter License in the state of Illinois, USA. As a key state with Chicago, a global financial center, Illinois is regarded as an important market for the development of fintech and digital assets in the United States. With this approval, the number of state-level remittance licenses held by Alchemy Pay in the U.S. has increased to 18, further strengthening its compliance operational capabilities in the core U.S. market and supporting the development of its stablecoin payment public chain, Alchemy Chain.

On June 23, five Democratic senators from the U.S. Senate, including Elizabeth Warren and Richard Blumenthal, jointly sent a letter requesting multiple Senate committees to hold hearings immediately regarding the $500 million investment by UAE officials in the Trump family's cryptocurrency project WLFI, to investigate whether this investment influenced the Trump administration's subsequent policy decisions towards the UAE.According to the letter, an agent for a member of the Abu Dhabi royal family signed an agreement with the Trump family to acquire a 49% stake in WLFI for $500 million, with the agreement completed four days before Trump's inauguration. The foreign buyer prepaid $218 million to entities associated with the Trump family and Middle East chief diplomat Steve Witkoff. The deal was reportedly endorsed by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan, and the senators described this move as "unprecedented in U.S. political history."More concerning is the policy direction following the completion of the deal. The letter lists a series of decisions made by the Trump administration within months of the agreement that were clearly favorable to the UAE: approval of $1.4 billion in arms sales to the UAE; the Treasury Department establishing a "known investor pilot" program, which opened the green light for a fast-track approval process for the UAE that had long been lobbied for by CFIUS; and the Commerce Department lifting chip export restrictions from the Biden era, authorizing UAE AI company G42 to acquire 35,000 Nvidia Blackwell chips, with a transaction amount exceeding $1 billion. However, U.S. intelligence officials reportedly found that G42 had provided U.S. technology that could enhance missile capabilities to China.The senators demanded that Trump administration officials "explain under oath when they became aware of the payments to the president and his chief regional diplomat's family," and provide clarification on how to restore public trust. Currently, neither WLFI nor the UAE government has responded to this matter.

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:Goblin (3KHM....ump): Net inflow of $3,000, with a 24-hour increase of -7.6%, currently priced at $0.0057.Jonah (8xt6....ump): Net inflow of $669, with a 24-hour increase of 2161.9%, currently priced at $0.0001.CASHBACK (J7ne....ump): Net inflow of $486, with a 24-hour increase of 614.2%, currently priced at $0.0002.FARM (yMJP....ump): Net inflow of $304, with a 24-hour increase of -38.9%, currently priced at $0.0019.SOB (yVGw....Fmp): Net inflow of $285, with a 24-hour increase of 10.8%, currently priced at $0.0001.

According to Cointelegraph, Polkadot OpenGov recently proposed two new staking proposals (Proposal #1909 and #1910) aimed at strengthening validator incentives, eliminating the nominator penalty mechanism, and reducing the unbonding period from approximately 28 days to 2 days.