Backpack launches the world's first 7×24-hour real US stock trading market, supporting stablecoin settlement.

According to CNN, two Israeli sources stated that the Trump administration is reluctant to have Israel drawn into combat over fears of losing control of the conflict. One source said, "Netanyahu is indeed eager to join the US strike operations, but the US does not want Israel to intervene at this time." However, one of the sources added that Israel's mainstream assessment holds that Trump has no intention of returning to full-scale war, and the most he would be willing to do is resume the maritime blockade on Iranian ports.

BCA Research’s investment strategist noted that the current AI investment cycle has entered "extra time", with the AI bubble more pronounced on the earnings front rather than the valuation side. Pressures stemming from profit growth, demand structure and supply expansion are likely to converge around 2027, at which point AI capital expenditure growth may slow significantly. Investors should closely monitor four key bubble warning indicators: GPU rental rates, AI storage chip prices, AI application penetration and corporate spending, as well as token prices and AI programming agent downloads. Among these, token price declines and stagnating downloads of AI programming tools are the most notable early signals, reflecting that enterprises are gradually shifting from pursuing the most advanced models to cost control. If the AI bubble eventually bursts, its impact on the U.S. economy and capital markets could exceed that of the 2000 dot-com bubble. According to estimates, U.S. stocks could see a 30% to 50% correction at that time, which would drag down U.S. consumption and economic growth via the wealth effect.

According to Hong Kong Exchanges and Clearing (HKEX)’s shareholding disclosure documents, renowned investor Duan Yongping has once again increased his holdings in Pop Mart. His stake in the firm rose from 91.2728 million shares to 102 million shares, lifting his shareholding ratio from 6.85% to 7.65%. The latest filing date for this update is July 6. This marks another additional purchase of Pop Mart shares by Duan Yongping in his recent consecutive buying spree. Earlier disclosures revealed that he acquired 4.66 million Pop Mart shares on May 28 at an average price of HK$162.5 per share, totaling around HK$757 million. As of the close of trading on July 10, Pop Mart’s shares closed at HK$150.70, giving the company a total market capitalization of approximately HK$200.69 billion. Calculated based on his latest holdings, the market value of Duan Yongping’s Pop Mart stake stands at roughly HK$15.35 billion.

Robinhood Chain has quickly emerged as one of the most active public blockchains in the crypto market just one week after its launch. Official data shows that in its debut week, the chain processed over 17 million cumulative transactions, had nearly 350,000 active addresses, a protocol Total Value Locked (TVL) of around $250 million, and cumulative decentralized exchange (DEX) trading volume exceeding $1 billion. Notably, its single-day volume hit $568 million on Wednesday, with 24-hour DEX volume reaching roughly $433 million—surpassing Hyperliquid to rank fifth across the entire network. Driven by the booming ecosystem, meme coins on Robinhood Chain have posted strong performance: Cash Cat’s market cap topped $180 million, while tokens including Dog In Hood, Hoodrat, and Robinhood Summer saw gains of several to even dozens of times. Reports highlight that one trader turned $800 into over $1 million, while another user grew $85 to $2 million. As Robinhood Chain’s underlying technology provider, Arbitrum (ARB) has benefited significantly, with ARB surging approximately 20% on the day. Per its mechanism, Robinhood Chain will allocate 10% of its protocol net revenue back to the Arbitrum ecosystem. However, reports note that Robinhood Chain’s current activity remains primarily driven by meme coins, and whether it can smoothly transition to application scenarios like Real-World Assets (RWA) as part of Robinhood’s long-term plan remains to be seen.

Against a backdrop of rising concerns over insider trading in prediction markets, multiple Wall Street investment banks are tightening trading permissions for their employees on prediction market platforms. Reports indicate that Goldman Sachs has banned employees from trading contracts related to the bank itself, financial markets, macroeconomics, elections, and geopolitical events. Morgan Stanley has also formulated trading policies for employees on prediction markets, while Bank of America is rolling out new trading restrictions for its staff. Earlier, the U.S. Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) disclosed that a Google software engineer profited roughly $1.2 million on Polymarket by using non-public information obtained through his work, further stoking insider trading concerns in the market. Meanwhile, Polymarket is seeking to expand its U.S. operations. Its affiliate, Coming Home GBA LLC, has applied to the U.S. National Futures Association (NFA) to become a Futures Commission Merchant (FCM), with plans to offer margined prediction trading services to U.S. users in the future. However, the business still requires CFTC approval. A related affiliate of rival Kalshi obtained the relevant qualification back in March this year. Data shows that Polymarket hit a single-day trading volume record of $713 million on June 20; Kalshi’s June monthly trading volume also reached nearly $9.4 billion. Driven by the 2026 World Cup, prediction market trading activity continues to rise.

According to Lookonchain’s monitoring, a trader who previously noted he missed the rallies of ANSEM, CZ, and TCC successfully participated in meme coin CASHCAT. However, due to selling 20 million CASHCAT too early, he only pocketed $2,803 in profit, missing out on roughly $3.6 million in potential gains. The trader later repurchased 7.7 million CASHCAT, and currently holds 900,600 CASHCAT valued at approximately $162,000. To date, his cumulative profit from CASHCAT totals around $396,000.