Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

According to EmberCN’s monitoring, the one-year lock-up period for Pump.fun’s team and investor tokens has ended, officially entering a 3-year linear vesting phase. In the early hours of today, Pump.fun completed its first batch of token unlocks, releasing a total of approximately 57.279 billion PUMP tokens, valued at around $86.49 million at current prices, and distributing them to 121 wallets. Among these, wallet address GsM3...u6ya received approximately 52.039 billion PUMP (valued at ~$78.58 million), while address ESRc...ZM67 obtained around 5.24 billion PUMP (worth ~$7.91 million).

Prominent crypto KOL Ansem stated on social media that meme coins continue to be a market favorite because they align more closely with ordinary users’ internet behavior habits. Compared to spending hours daily on social platforms like TikTok, Instagram, and X, most people only spend a few minutes each day using banking apps, making memes and internet culture inherently more engaging for users. Ansem noted that Dogecoin’s success stems precisely from attracting a group of users who would never buy stocks but are willing to purchase meme coins tied to familiar figures and internet culture. Once its asset size grows large enough, it further draws institutional capital into trading, creating a positive feedback loop. He believes many traditional investors underestimate younger generations’ affinity for memes, internet culture, and content, while the crypto industry offers a unique way to bet on these sociocultural trends via tokenization. The key to the industry’s future lies in converting the traffic and attention from retail investors into an ecosystem that generates long-term value, rather than relying solely on meme hype.

Spain beat France 2-0 in the semi-final of the 2026 US-Canada-Mexico World Cup, becoming the first team to advance to the final. According to the latest championship prediction data from Predict.fun, as of press time, Spain’s probability of winning the title has risen to 58%, while England stands at 22% and Argentina at 20%. France was previously the top favorite in the prediction market, but their semi-final loss led to early elimination, reducing their championship probability to zero. With the final spot confirmed, Predict.fun has adjusted Spain to the new favorite to lift the trophy, and attention now shifts to the other semi-final between Argentina and England.

U.S. June CPI came in lower than expected, significantly cooling market expectations for a near-term Federal Reserve interest rate hike, driving gains in global risk assets. South Korea’s KOSPI index surged rapidly after opening on Wednesday, rising by more than 7% at one point during the session, triggering a temporary trading halt (circuit breaker) on the Korea Exchange; the KOSDAQ market also triggered a synchronized pause in program trading. Chip stocks led the market rally. SK Hynix’s ADRs jumped 27% overnight in U.S. trading, driving its South Korean shares up roughly 10% on Wednesday. Market analysts note that since SK Hynix’s ADR listing, price correlation between the U.S. and South Korean stock markets has further strengthened, potentially enabling cross-timezone transmission of market volatility. However, multiple institutions still warn that while the inflation data eased market concerns about a July interest rate hike, escalating tensions in the Middle East, rising oil prices, and inflationary pressures stemming from AI investment may still limit the Federal Reserve’s future policy space.

The Czech Republic has become the latest European country to block Polymarket on grounds of "unlicensed gambling." On July 13, the Czech Ministry of Finance added the platform to its Unlicensed Online Games List, requiring local internet service providers to cut off access to it within 15 days. Jan ?ehola, head of the Czech gambling regulator, stated that under legal gambling, the state knows who operates, who participates, and which bets are suspicious. While prediction markets take different forms, they essentially allow betting on almost any event—from weather and political decisions to security operations—yet lack corresponding regulation. Czech regulators noted that multiple EU countries have restricted or blocked the platform in recent months, with pressure intensifying this month: Italy has re-listed Polymarket on its blocklist, and the Netherlands has rejected the platform’s appeal. The European Securities and Markets Authority (ESMA) also warned this month that event contracts qualifying as financial instruments are already subject to existing binary options rules, which ban their sale to retail investors. Meanwhile, some jurisdictions are taking the opposite approach: Gibraltar this week launched the world’s first regulatory framework specifically for prediction markets, separating the sector from general gambling laws and allowing licensed operations. Malta has also indicated it is exploring a similar system.

Bank of America released a report on July 14 local time, stating that due to the closure of old factories amid technological upgrades, South Korea’s annual wafer production capacity growth will actually fall below 10%, far short of the official target of doubling by 2030. SK Hynix’s new memory production capacity by 2028 may only reach one-sixth of its original plan. Additionally, the construction and equipment installation cycles of large new wafer plants being built by Samsung and SK Hynix in Gwangju and Jeolla are likely to be extended to a decade.