DeepSeek restarts its financing round with a pre-money valuation of 500 billion yuan.

According to South Korean outlet Edaily, Yeom Dong-chan, an analyst at South Korea Investment & Securities, stated that if MSCI includes the additional shares SK Hynix issued for its ADR listing in its August quarterly review, the chipmaker’s weight in the MSCI Emerging Markets Index could rise by 0.17 percentage points. The report estimates that index funds tracking the MSCI Emerging Markets Index total approximately $593 billion, meaning the weight adjustment could trigger around 1.45 trillion won in passive buying. The analyst noted that this amount is not large relative to SK Hynix’s market capitalization and average daily trading volume, but it could have a positive impact on market supply and demand. To facilitate its ADR listing, SK Hynix increased its total share count from 713 million to 730 million shares via a third-party private placement, a roughly 2.5% increase. The new shares took effect on July 29. However, it remains uncertain whether MSCI will immediately reflect the share capital change in its August quarterly review, or if the adjustment may be delayed until the regular November review. The review results will be announced at 6 a.m. Korean Standard Time (KST) on August 13.

According to an official announcement, Binance will list the ALABB/USDT, ASMLB/USDT, ASTSB/USDT, BMNRB/USDT, COHRB/USDT, CRDOB/USDT, IRENB/USDT, NFLXB/USDT, SMCIB/USDT, and USARB/USDT trading pairs at 20:00 Beijing time on August 5.

Is the market trying to squeeze this $BTC mega bear? $BTC is moving higher. Just another 0.8% move up, and the trader's 1,600 $BTC ($103M) short will be liquidated.

MARA, the Bitcoin mining company holding 36,303 $BTC($2.34B), transferred 6,000 $BTC($384.6M) to #TwoPrime over the past 5 hours. The transfer doesn't necessarily mean a sale—it could be for asset management.

The Solana community is advancing two governance proposals aimed at reducing new SOL issuance and scaling up network fee burns to tighten the token’s supply. Proposal SIMD-0553 would introduce a resource-based transaction fee mechanism, charging fees based on the network resources each transaction consumes. It is projected to lift daily SOL burns from the current ~650 tokens (≈$47,000) to 7,500–9,000 tokens (≈$650,000). The second proposal, SIMD-0550, plans to double the rate at which Solana’s annual inflation declines, pushing the 1.5% minimum inflation target to 2029 instead of the original 2032 timeline. This measure is expected to cut ~18.9 million SOL from issuance over six years, worth ~$1.36 billion at current prices. To date, both proposals have garnered support from some validators. As of the latest data, ~24.94 million SOL have been cast in signal voting, representing just 5.8% of the 4.3265 million staked SOL. The community still needs ~39.95 million more SOL to hit the 15% threshold required to move to formal voting. The signal voting period closes on August 18. Sixteen validators have expressed support, with infrastructure firm Helius contributing ~16.03 million SOL—nearly two-thirds of the current total support. Notably, even if SIMD-0553 is approved, SOL will not immediately enter a deflationary state: at the maximum daily burn rate of 9,000 tokens, burns would still fall short of the current daily new SOL issuance of ~60,000. As such, the community is pushing both reforms—burn mechanism upgrades and lower issuance—together. If the proposals secure enough validator backing, Solana will revamp its long-term tokenomics via the dual mechanism of reduced new supply and increased burns.

A South Korean shareholder group has filed criminal charges against the CEOs of Samsung Electronics and SK Hynix, alleging their bonuses are not bound by collective bargaining agreements, and police have launched investigations into the case. On August 5, the group called the Korea Shareholder Movement Headquarters announced: "Under the Act on Aggravated Punishment of Specific Economic Crimes, the cases of Samsung Electronics and SK Hynix CEOs suspected of violating shareholder trust have been referred to the 1st and 2nd Investigation Divisions of the Gyeonggi Southern Provincial Police Agency respectively." On the 22nd of last month, the group submitted a complaint to the National Office of Investigation (NOI) of the Korean National Police Agency, accusing Samsung Electronics co-CEOs Jun Young-hyun and Noh Tae-moon, as well as SK Hynix CEO Kwak No-jung. The group argues that the executives approved bonus payments without fully reviewing labor agreements and established a payment mechanism that unreasonably consumes corporate assets, thus constituting breach of trust. (Jinshi)