Bithumb will delist GRACY, SPURS, ZTX, WIKEN, and FITFI.

TSMC today released better-than-expected quarterly results and raised its full-year revenue and capital expenditure outlook across the board. Chairman and CEO C.C. Wei stated at the meeting that he is "very envious" of the 86% gross margin posted by memory chip makers, and also emphasized that AI is a brand-new industry with strong demand that will persist through 2030. TSMC’s Q2 financial report shows net profit of NT$706.6 billion, exceeding the market expectation of NT$623.73 billion; its gross margin stood at 67.7%, also beating market forecasts. Wei reiterated at the meeting that seeing the 86% gross margin of memory firms, he is "truly envious", but stressed that as a partner of its memory chip customers, TSMC will not suddenly raise prices sharply and drive clients out of the market. "Our customers must succeed. One of my South Korean competitors has indeed made a lot of money, and frankly, I am envious," he said.

Renowned investor and Chairman of Oriental Harbour, Dan Bin, published an article commenting on the decline of the storage sector, noting that based purely on market sentiment, the current correction in the storage sector is approaching a near-term bottom. The continuous pullback of leading Chinese AI storage firms listed overseas has dragged down the A-share market, but the long-term demand logic for the AI industry remains unshaken. After the short-term emotional sell-off, stocks with strong performance certainty will gradually recover. Dan Bin added that he does not believe there is a systemic risk in AI-related companies at present, explaining that it is just a normal correction after excessive gains. The key is whether corporate profit growth can be sustained—and for how many years—this is the most critical factor. Additionally, companies that use no leverage and boast sustained profit growth can weather the current market stage. Dan Bin also stated that he has allocated all his personal funds to follow-invest in Oriental Harbour’s funds.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale going long on a basket of tech and semiconductor stocks has suffered an unrealized loss of $7.67 million. The whale holds a $19.39 million position in popular semiconductor stocks including MRVL, SNDK, SKHX, MU, NBIS, CRCL, and ZHIPU. The bulk of the loss stems from three stocks: Marvell Technology, SK Hynix, and SanDisk, which together account for $6.45 million in unrealized losses, or 84% of the total unrealized loss.

According to market data from BIT (bit.com), Baidu’s US-listed shares rose nearly 3% in pre-market trading. The Chinese tech firm announced today that its board of directors has approved a motion to seek a voluntary conversion to a primary dual listing on the Hong Kong Stock Exchange (HKEX) Main Board, in line with HKEX Guidance Letter HKEX-GL112-22. The conversion is expected to take effect this year. The board also authorized the company’s management to conduct relevant preparations and take necessary steps to complete the conversion. Following the conversion, Baidu will hold primary dual listings on both the HKEX Main Board and the Nasdaq Global Select Market. Its Class A ordinary shares and American Depositary Shares (ADS) will continue to trade on the two exchanges (as applicable) and remain convertible between each other.

Binance Alpha will host an airdrop at 19:00 today (UTC+8). Users holding at least 250 Alpha points will be eligible to claim the tokens on a first-come, first-served basis, until the entire airdrop pool is fully distributed or the event concludes. More details will be announced soon.

According to HTX market data, Bitcoin has fallen below $64,000, with a 24-hour decline of 0.89%. Ethereum has dropped below $1,900, and its 24-hour gain narrowed to 1.3%.