Analysis: Bitcoin’s 365-day Sharpe ratio has fallen to its lowest level since 2022, a metric that has repeatedly correlated with bear market bottoms historically.

Russia’s largest bank Sberbank plans to launch cryptocurrency wallets and digital asset custody services as early as December this year, following the September 1 entry into force of the new digital asset law “Law on Digital Currencies and Digital Rights”. The services will be integrated into Sberbank Online and SberInvestments platforms. Under the new rules, Russia will implement a licensing system for crypto trading, custody, fiat conversion, and cross-border settlements, with individual investors facing an annual transaction cap of around 300,000 rubles (approximately $3,800). Additionally, major Russian lenders including VTB and T-Bank are also preparing to roll out digital asset custody services.

Goldman Sachs' latest research report notes that South Korea's stock market rally in the second half of the year is expected to extend from AI storage leaders such as Samsung Electronics and SK Hynix to more sectors including energy, raw materials, and industrial manufacturing. Overseas funds are gradually positioning in the upstream and downstream of the AI industry chain as well as other independent investment opportunities. In response to market concerns about a potential bubble in South Korean stocks, Goldman Sachs points out that the current rise in margin balances is mainly driven by net asset growth of leveraged ETFs, rather than new investor borrowing. South Korean residents' assets remain dominated by real estate, cash, and overseas stocks, leaving room for incremental capital inflows into the domestic stock market. Goldman Sachs forecasts that South Korean companies' overall net profit will grow by around 320% year-on-year in 2026, and maintain a growth rate of approximately 35% in 2027. It maintains its 12-month target for the Korea Composite Stock Price Index (KOSPI) at 12,000 points, implying over 20% upside from current levels, though it expects subsequent market volatility to intensify somewhat.

Goldman Sachs sharply raised AMD’s target price from $450 to $640 and reiterated its “Buy” rating. Market analysts note that AMD is benefiting from surging demand for server chips driven by the expansion of AI data centers, emerging as one of the key beneficiaries in the AI semiconductor sector.

According to monitoring by OnchainLens, the smart money address 0x15a, which has been dormant for several months, deposited $1 million USDC into Hyperliquid and opened a 40x leveraged long position of 200 BTC, with the position valued at roughly $12.58 million. The address’s last on-chain activity occurred in March this year, and its historical cumulative profit from perpetual contracts stands at approximately $2.28 million.

SK Hynix’s U.S. American Depositary Receipt (ADR) offering has been oversubscribed, and the company will stop accepting subscriptions at 4 p.m. New York time on July 8.

According to market data from BIT (bit.com), the US stock storage sector saw broad pre-market gains, with: Seagate Technology (STX) up 3.26%; Western Digital (WDC) up 4.15%; SanDisk (SNDK) up 4.81%; Micron Technology (MU) up 3.02%.