JPMorgan Chase: Raises Qualcomm Price Target from $160 to $265

The cryptocurrency spot trading market remains in a slump. Data shows that the 7-day moving average of spot trading volume on crypto exchanges has dropped to around $21.4 billion, a nearly 80% decline from the peak of $104.3 billion hit in October 2025. Analysts say the biggest risk in the current crypto market is not just a simple downturn, but rather "directionless wait-and-see sentiment". The apathy and hesitation among market participants may be the main challenge in the current cycle. According to data from The Block, crypto trading volume rose rapidly in the second half of 2025, peaking in October before declining steadily thereafter. As of July 2026, market trading volume has fallen to its lowest level in nearly a year.

According to monitoring by OnchainLens, a Hyperliquid trader opened a highly leveraged long position on Bitcoin (BTC), purchasing 58.31 BTC worth approximately $3.77 million with 40x leverage. The position was opened at $64,823, with a liquidation price of $64,020. Data shows the account has accumulated a profit of roughly $72,100 so far and was created just three days ago. The trading address is: 0xaf791381ba21eb8075bda573a5b8ba134f89f688.

US stock market opens: Dow Jones rises 0.27%, S&P 500 gains 0.54%, Nasdaq climbs 0.8%. Google (GOOG.O) jumps 2% amid reports it’s developing a new chip to enhance AI model efficiency. The storage sector posts broad gains: SK Hynix (SKHY.O), Micron Technology (MU.O), and SanDisk (SNDK.O) rise 4%, while Western Digital (WDC.O) and Seagate Technology (STX.O) climb roughly 3%.

According to a report from The Information, Google (GOOG.O) is developing the "Frozen V2" chip to more efficiently power its Gemini AI model. The new "Frozen" chip is expected to be 6 to 10 times more efficient than Google’s existing TPU. Google plans to deploy the Frozen V2 chip as early as 2028. As of press time, Google’s U.S. pre-market shares rose 1.2%.

Black Sea military conflict continues to escalate, with drone attacks forcing the suspension of key oil export facilities in Kazakhstan, while also disrupting Ukraine and Russia’s grain export capacity, adding fresh pressure to global energy and agricultural supply chains. The Caspian Pipeline Consortium (CPC) announced Monday it has suspended crude loading operations. The terminal had briefly resumed operations following a drone attack, but a tanker named “Nelsa” was struck and caught fire again during loading at Berth 1. CPC labeled the incident a “terrorist attack”, noting no crude leaks occurred, but all loading activities have been halted for safety reasons. The CPC pipeline is Kazakhstan’s primary oil export artery, carrying crude from Kazakh projects operated by international energy firms including Chevron, ExxonMobil and Shell. As CPC crude is not subject to sanctions, it has long been a key supply source for European refineries. Current shipping in the Strait of Hormuz is disrupted by US-Iran tensions, and the blocked Black Sea exports have further exacerbated global crude supply tightness. Meanwhile, Black Sea grain shipments have also been disrupted. After Ukraine and Russia tightened restrictions on commercial shipping in the Black Sea and Sea of Azov, international wheat prices climbed to a two-year high, with prices of corn, rapeseed and other agricultural commodities rising in tandem. Ukraine said its Black Sea grain export capacity has fallen by roughly a third amid ongoing attacks; Russia, the world’s top wheat exporter, has also faced shipping restrictions in its Azov Sea routes. Analysts note that overlapping risks from Black Sea energy and grain supplies, combined with the Strait of Hormuz crisis, European extreme weather and El Ni?o impacts, could further drive up global inflation, posing particular challenges to Middle Eastern, African and Asian nations that rely on Black Sea agricultural imports.

Goldman Sachs said hedge funds are selling U.S. tech stocks at a record pace.