Zhipu AI's stock fell over 17% intraday, pressured by the launch of Kimi K3 and explicit criticism from Anthropic.

According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a combined net inflow of $79.1 million yesterday. Of that total, BlackRock’s IBIT attracted $33.4 million, Fidelity’s FBTC $30.7 million, and Bitwise’s BITB $15 million, with no inflows reported for the remaining ETFs. For Ethereum ETFs, the segment saw a total net outflow of $28 million yesterday. Breakdowns: FETH had a net outflow of $11.2 million, ETHE $4.8 million, and ETH-related funds $14.3 million; ETHW logged a net inflow of $2.3 million, while BlackRock’s ETHA saw no inflows.

According to Lookonchain’s monitoring, a whale linked to a16z that had previously amassed large HYPE holdings has begun reducing its positions. Over the past two days, the whale has deposited 437,000 HYPE tokens worth approximately $28.38 million onto Hyperliquid, OKX, Bybit, and Gate, likely for selling purposes.

Bank of America analyst Vivek Arya has raised Advanced Micro Devices (AMD)’s price target, attributing the move to strong AI server demand, rising EPYC processor market share, and improved supply visibility—factors that could drive the chipmaker to deliver another round of better-than-expected results. BofA lifted AMD’s target price from $550 to $620 and retained its Buy rating. The bank notes AMD is no longer just a CPU recovery play, but is emerging as a more comprehensive AI infrastructure provider. Its EPYC server CPUs, Instinct AI accelerators, and the upcoming MI455X Helios rack-scale solution are poised to be core growth drivers in the next phase. Arya expects AMD’s third-quarter guidance may include initial shipments of the MI455X Helios, adding that if demand and supply execution proceed smoothly, the firm’s quarterly AI revenue could reach or exceed $6 billion to $7 billion by the end of the fourth quarter. BofA also holds that agentic AI workloads will boost data center CPU demand, further expanding AMD’s server CPU market opportunities.

According to Bitget market data, spot gold has broken through the $4,000 per ounce threshold, currently trading at $4,000.3, with a 0.59% gain on the day.

SK Group Chairman Choi Tae-won stated that backed by memory chip demand, SK Hynix’s stock price will maintain a long-term upward trend. “Demand for memory chips is growing exponentially, which explains why SK Hynix and Samsung Electronics’ stock prices have surged rapidly since last year,” he said at a forum hosted by the Korea Chamber of Commerce and Industry on Friday. When asked about the recent stock price decline, he noted that stocks typically rise in line with market expectations before correcting after an overheated rally. “I believe demand for memory chips will persist, so the stock price trend will be upward over time,” he added. Note: On Thursday, SK Hynix and Samsung’s stock prices fell 12% and 8.8% respectively, as South Korean authorities imposed restrictions on leveraged funds tracking chip manufacturers.

Crypto analytics platform Greeks.live reported that on July 17, 19,000 BTC options expired, with a Put-Call Ratio (PCR) of 0.9, a max pain point of $63,000, and a nominal value of around $1.2 billion. Meanwhile, 123,000 ETH options expired, with a PCR of 1.61, a max pain point of $1,800, and a nominal value of roughly $230 million. In terms of market performance, BTC has continued to fluctuate above $60,000 this week, having traded in the $60,000 to $65,000 range for over a month. Sharp swings in U.S. equities (SpaceX and storage sectors) have not yet had a noticeable impact on the crypto market. Looking at options positions, around 5% of options expired this week, leading to a slight drop in overall open interest, mainly due to low market volatility and reduced trading opportunities. BTC’s Gamma Exposure (GEX) is mainly concentrated around $64,000 and $70,000. ETH’s GEX is primarily in the $1,825 to $2,000 range, with a relatively dispersed distribution. Some traders have started positioning for a rebound via slightly out-of-the-money options. The proportion of large bullish trades has continued to rise recently, dominated by short-term bull spread buying strategies. Notably, ETH’s Put-Call Ratio has stayed above 1 for a consecutive month, hitting 1.61 this week. The high proportion of put options outstanding reflects clear market divergence on ETH’s future outlook, with intensified bull-bear rivalry.