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Morgan Stanley upgrades Lenovo's rating to Overweight, sets target price at HK$30.

2 hours ago

AI reshapes the memory market landscape, transforming Lenovo from a victim of cyclical pressures into a beneficiary of pricing power, as Morgan Stanley significantly upgrades Lenovo Group’s rating and target price. Morgan Stanley’s Howard Kao-led team raised Lenovo’s rating from Neutral to Overweight, sharply lifting its target price from HK$14.20 to HK$30.00, representing around 34% upside from its HK$22.32 closing price on July 8. The report notes that AI-driven demand has fundamentally altered the supply-demand dynamics of the memory market, enabling Lenovo to pass on higher component costs to customers while preserving its profit margins. The bank forecasts this trend will persist at least through the second half of 2026.

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CodexField suspected of rug pull, official X account and website no longer accessible

CodexField’s official X account on BNB Chain has been deactivated, and its official website is no longer accessible. Yesterday, on-chain investigator Specter issued a community security alert warning of potential fund misappropriation risks for the CodexField project on BNB Chain. On-chain tracking shows the project has accumulated over $85 million in funds, with Specter identifying abnormal on-chain fund flows.

8 minutes ago

Ansem: Traders care about securing capital first, not about Robinhood itself.

Crypto KOL Ansem recently stated in an interview that traders don’t actually care about Robinhood itself or its CEO Vlad Tenev’s remarks on meme-related content. What they care about is securing capital early to gain an edge in trading waves, which is also the fundamental reason every new public chain narrative gains traction.

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Hong Kong-listed stocks declined amid lock-up expirations, with Zhipu down nearly 20% and MINIMAX dropping over 10%.

According to Bitget's market data, Hong Kong-listed stocks with expiring lock-up shares saw continued late-day declines: Zhipu (02513.HK) plunged nearly 20%, GigaDevice (03986.HK) fell sharply by nearly 20%, Daysun Semiconductor (09903.HK) dropped over 18%, and MINIMAX-W (00100.HK) fell more than 10%.

8 minutes ago

ZEC surpasses $500, with a 7.5% gain in the past 24 hours.

According to HTX market data, ZEC has surged past $500, with a 7.5% 24-hour gain.

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Abraxas Capital deposited approximately $140 million in crypto assets into Spark over the past 24 hours.

According to monitoring by Onchain Lens, Abraxas Capital deposited approximately $140 million in assets into Spark over the past 24 hours: 26,500 ETH (valued at $46.33 million), 780 cbBTC (valued at $48.53 million), and $45.99 million in USDS and USDT.

8 minutes ago

Binance will list four US stock perpetual contracts: GEV, VRT, SNOW and APP.

According to an official announcement, Binance’s derivatives platform will launch USDT perpetual contracts for GE Vernova (GEV) at 16:30 (GMT+8) on July 10, 2026, followed by Vertiv Holdings (VRT) at 16:35, Snowflake (SNOW) at 16:40, and Applovin (APP) at 16:45. All four contracts will support a maximum leverage of 25x.

8 minutes ago

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