Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.

On-chain detective ZachXBT has posted that over the past week, multiple unauthorized individuals have launched meme coins using his likeness across multiple public blockchains to capitalize on market hype. He stressed that he has never promoted or issued any meme coins, and has publicly stated he will not support or launch such projects. ZachXBT said all related tokens sent to his donation wallet have been sold on the market, and the roughly $41,000 in proceeds has been fully donated via The Giving Block to GiveDirectly and Direct Relief to support Venezuela earthquake relief efforts. The donations include 25,000 USDT to GiveDirectly and 5,000 USDT to Direct Relief on July 6, plus an earlier contribution of 153 SOL (worth approximately $11,000).

Serenity shares Kelper’s latest research report, which upgrades semiconductor foundry XFAB to a "Buy" rating. The report notes that Melexis’ demand is continuing to improve, and demand for silicon carbide (SiC), gallium nitride (GaN) and photonic chips spurred by AI is expected to offset cyclical fluctuations in the automotive sector. Western niche specialty foundries are also commanding higher valuation premiums, per the report. Data shows XFAB’s current 2027 EV/EBITDA multiple is just 4.8x, significantly below the peer median of 14.5x. Serenity says this signals XFAB’s core fundamentals are improving, though it is more optimistic about the growth potential of photonic chips that the market has not yet fully priced in. It points out that XFAB leads the EU’s PhotonixFAB project, which aims to build Europe’s silicon photonic industrial chain and advance large-scale manufacturing of photonic chips. The project is poised to benefit from rising data center optical communication demand driven by AI giants like NVIDIA. However, as relevant commercial orders have not yet landed on a large scale, traditional valuation models still struggle to capture this long-term growth logic.

According to CryptoQuant data, Bitcoin has fallen roughly 28% year-to-date. Its 365-day rolling Sharpe Ratio once dropped to around -21, the lowest level since the end of 2022, and remains near -20 currently. The Sharpe Ratio gauges an asset’s risk-adjusted return performance. A negative value means investors have taken on higher volatility risk while actual returns are lower than risk-free assets like 10-year U.S. Treasuries. Against the current U.S. Treasury yield of approximately 4.45%, this metric reflects that Bitcoin’s risk-return performance over the past year has clearly worsened. However, CryptoQuant points out that historically, such extreme negative Sharpe Ratio levels often signal market selling pressure is nearly exhausted. Similar levels appeared near Bitcoin’s bear market bottoms in 2015, 2019, and 2022, all followed by the start of a new upward cycle for the cryptocurrency.

According to market sources, SK Hynix is expected to generate net proceeds of approximately $28 billion from its U.S. IPO.

Data from prediction market platform Predict.fun shows that the 2026 FIFA World Cup Round of 16 will feature a match between the United States and Belgium. As of press time, the market assigns a roughly 54% probability to the U.S. advancing, and a 47% chance to Belgium. The two sides’ odds are very close, with traders overall only slightly favoring host nation the U.S. to reach the quarterfinals. Notably, this is one of the matches with the largest market divergence in this World Cup’s Round of 16. The U.S. holds home advantage and has demonstrated strong team cohesion in the tournament so far, while Belgium boasts extensive major tournament experience and multiple players competing in Europe’s top leagues, giving them solid knockout-stage competitiveness. No clear consensus has emerged in the market at present, with both sides considered to have a realistic shot at advancing. This match is likely to be one of the most suspenseful contests in the Round of 16.

According to Hyperinsight monitoring, the whale address starting with 0x4c7 holds a total of 9 semiconductor-related positions on Hyperliquid, with a total notional size of approximately $36.448 million. Among these, two short positions on South Korean semiconductor stocks Samsung Electronics (SMSN) and SK Hynix (SKHX) amount to roughly $14.84 million, making it the largest short seller of SKHX. On the news front, this week marks a high-event window for South Korean semiconductor stocks: Samsung Electronics will release its preliminary Q2 results on July 7, SK Hynix’s ADR will list in the U.S. on July 10, and the Federal Reserve’s June meeting minutes will be released in the early hours of July 9 (Beijing time). Some South Korean media have dubbed this week the "fateful week" for the country’s semiconductor sector. Details of the two short positions are as follows: SKHX Short Position (4x isolated margin): Size of approximately $10.865 million, average entry price of $1,461.06, current price of ~$1,534.90, liquidation price of $1,854.69, unrealized loss of ~$523,000 (-20.2%). SMSN Short Position (4x isolated margin): Size of approximately $3.974 million, average entry price of $201.54, current price of ~$207.54, liquidation price of $251.85, unrealized loss of ~$115,000 (-11.9%). It is reported that despite a pullback in South Korean stocks today, this address has not turned profitable. It continued to slightly add to its Samsung short position by approximately $182,000 this afternoon, with no open orders visible at present. -HyperInsight Bot is now live. Add @HyperInsightBot to Telegram groups and set it as an admin (enable message sending permission) to automatically sync on-chain news.