Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

According to an official announcement, Upbit will launch BTC and USDT trading pairs for CYS, ICNT, XAN, EDEN, AIOZ, and ALLO. Trading is scheduled to open at 14:00 local time on August 10.

South Korean exchanges released data today showing that semiconductor heavyweight stocks have recently corrected, with funds beginning to rotate into non-semiconductor sectors. From August 3 to 7, Samsung Electronics fell 12.00% and SK Hynix dropped 17.23%, while the KOSPI index declined 5.10% over the same period; by contrast, sectors including metals and machinery posted gains against the trend. Currently, the combined market capitalization of Samsung Electronics and SK Hynix as a share of the KOSPI has fallen from 58.9% on June 25 to 46.3% as of August 7. Meanwhile, excluding the two firms, the KOSPI’s projected net profit for this year has been revised up to 222.3 trillion won from last week’s 219.2 trillion won, with improving market earnings further supporting valuation recovery in non-semiconductor sectors. Kim Min-gyu, a researcher at KB Securities, noted that the current "semiconductor correction, other sectors rising" scenario is more akin to previously overlooked industries gaining revaluation opportunities while the dominant sector takes a breather, rather than a simple broad-based market rally. (FNNews)

Over the past 24 hours, $TUT has seen more than $44M in liquidations, far exceeding $BTC and $ETH, making it the most liquidated asset.

On July 30, CZ posted that he supports all meme coins and may buy or sell one or two in the coming weeks to test new initiatives. Ten days on, no such buy or sell actions have been recorded. Meanwhile, multiple meme coins in the BSC ecosystem have seen sharp rallies over the past week, with market enthusiasm seemingly centered on meme coins that CZ has previously interacted with or purchased. According to GMGN market data, MUBARAK has surged 70.9% in the past 24 hours and 120.7% in the last week; TST is up 13% in 24 hours and 71% in seven days; BROCCOLI has gained 15% in 24 hours and 51.5% over the past week.

A-share listed Cambricon fell more than 5%, with trading volume exceeding 10 billion yuan.

According to Lookonchain’s monitoring, a newly created crypto wallet deposited $3.56 million USDC into Hyperliquid, then went long on 36,000 XMR with 4x leverage, bringing the position’s value to $14.33 million. The whale subsequently placed take-profit orders within the $475–$516 range.