Citigroup: STMicroelectronics' stock price has already priced in growth expectations.

According to an official announcement, Binance Wallet announced that it will open Alpha airdrop claims at 19:00 tonight. Users holding at least 256 Alpha points can claim the tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event ends.

According to Xinhua News Agency, China’s Ministry of Commerce stated that China and the United States are soliciting opinions on tariff reduction arrangements and will push for their implementation as soon as possible.

One of the world’s most attractive arbitrage opportunities will remain out of reach. The Korea Securities Depository (KSD) announced that SK Hynix has set the cap on converting its Seoul-listed shares into U.S.-traded American Depositary Receipts (ADRs) at 2.5% of its total share capital. This development highlights a key issue investors have closely tracked since the company’s successful U.S. listing. KSD’s CEO noted that the $26.5 billion ADRs SK Hynix issued on July 10 have exhausted the issuance limit. This means investors cannot convert their Seoul-listed shares into ADRs unless existing ADR holders first exchange their U.S.-traded ADRs back into South Korean shares to free up issuance space. SK Hynix declined to comment on the matter.

The market currently puts a 100% probability on the European Central Bank (ECB) raising interest rates twice, by 25 basis points each, before the end of the year. (Jinshi)

Official news: Decentralized exchange platform UXUY, incubated and invested in by Binance Labs, has announced a strategic partnership with launchpad Four.Meme. The two parties will jointly support AI stablecoin UUSD and expand UUSD’s use cases within the BNB Chain ecosystem. Four.Meme has named UUSD its official launch token, allowing users to create innovative tokens with one click via the platform and set up trading pairs between these tokens and UUSD, further enriching on-chain assets and liquidity in the UUSD ecosystem. Additionally, UXUY’s PumpAI app will integrate Four.Meme’s token launch function, providing users with AI-powered hot trend capture, token issuance, and trading entry points, lowering the barrier to creating on-chain assets and accelerating the circulation of AI-native assets. Kevin, founder of UXUY, stated: “We are delighted to form this strategic partnership with Four.Meme. AI trading is emerging as a mainstream narrative driving the next market cycle, while stablecoins will serve as critical infrastructure for AI Agents in payments, transactions, and value exchange. UXUY has always been committed to building a stablecoin-centric on-chain exchange. Through our collaboration with Four.Meme, we aim to further expand the use cases of AI stablecoin UUSD, enabling more users to easily participate in the AI-driven on-chain ecosystem.”

CryptoQuant founder Ki Young Ju stated in a post that spot demand for Bitcoin is weakening, while demand in the futures market remains positive but has dropped significantly compared to levels during the market rebound three months ago.