Serenity: High-beta stocks typically fall first during broad market corrections, but also recover earlier.

According to BIT (Bit.com) market data, Intel (INTC.O) shares fell 1% in pre-market trading. Earlier, the company announced an increase in the size of its stock offering and completed the relevant pricing.

According to official announcements, KuCoin has obtained ISO 22301:2019 Business Continuity Management System (BCMS) certification, further enhancing its global operational resilience and service continuity capabilities. As an internationally recognized standard for business continuity management, ISO 22301 is designed to help enterprises identify operational risks, improve business continuity mechanisms, and enhance the ability to maintain and recover critical services amid sudden disruptions. This certification, along with ISO/IEC 27001:2022 and SOC 2 Type II, forms the three pillars of KuCoin’s trust framework, covering information security, operational reliability, and business continuity. The three international standards and certifications complement each other, reflecting KuCoin’s long-term commitment to continuously improving its global operations and security systems, ensuring stable operation of critical services, and delivering secure, reliable digital asset services to users worldwide.

The Jaredfromsubway exploiter is really bad at trading—buying high and selling low again! 4 days ago, he bought back 2,063 $ETH ($3.94M) at $1,912. Today, he sold 2,167 $ETH ($4.05M) at $1,872.

Whale 0x2d59, who bought 40,000 $ETH ($76.66M) a week ago, bought another 50,000 $ETH ($93.6M) 2 hours ago and staked it.

Goldman Sachs' economic team forecasts July's core CPI will rise 0.19% month-over-month, slightly below the market consensus of 0.2%, with a year-over-year growth rate of 2.47%—also lower than the consensus expectation of 2.5%. For nominal CPI, Goldman projects a mere 0.05% month-over-month increase, below the market forecast of 0.1%, mainly reflecting the impact of earlier energy price declines. However, inflation risks have not fully dissipated. The bank notes its core CPI forecast corresponds to a 0.26% month-over-month rise in July’s core PCE, with components like portfolio management likely driving a larger gain. Looking ahead to the coming months, Goldman expects core CPI monthly gains to hover around 0.2%, housing inflation will continue to cool, the contribution of tariff-related price hikes will fall, and the pressure from jet fuel prices that previously lifted airfares will ease. July’s U.S. CPI is set to release at 20:30 Beijing time on August 12, with markets awaiting the data to chart the next move for U.S. Treasury yields and tech stock rotation. Ahead of the release, the 10-year U.S. Treasury yield returned to near 4.70%, while oil prices climbed back above $87. Goldman warns that if oil market disruptions and price rises persist longer than expected, inflation risks will tilt to the upside.

According to South Korean media Maeil Economic Daily, Solidigm, the NAND flash subsidiary of SK Hynix, plans to resume construction of the second phase of its NAND flash production base in Dalian, China. Equipment installation is expected to begin in November this year, with formal production set to launch in the first half of next year. The Dalian Phase II project had been stalled for a long time due to factors including the sluggish NAND market, inventory adjustments, and U.S. restrictions on semiconductor equipment exports to China. Driven by the expansion of AI data centers, demand for enterprise-grade solid-state drives (eSSDs) has grown, prompting SK Hynix to resume investment to expand NAND production capacity. The current monthly production capacity of Dalian Phase I is approximately 100,000 wafers; upon completion of Phase II, an additional monthly capacity of around 50,000 wafers is expected, boosting overall production capacity by about 50%. SK Hynix plans to adopt a "dual-track production" strategy: manufacturing mature-process NAND at its Dalian facility, while concentrating high-end NAND production at its M17 plant in Cheongju, South Korea.