Suspected Sonic Labs-Related Address Transfers 11.78 Million S Tokens to Binance, Valued at Approximately $5.55 Million

According to Bitget market data, South Korea’s KOSPI index extended its morning session decline to 5%, with Samsung Electronics and SK Hynix seeing their losses widen to 8%.

According to data from hl.eco, HIP-3 decentralized exchange Paragon acquired tickers UNITREE (from Unitree) and RDDT (from Reddit) in a recent HIP-3 auction for 577.66 HYPE. Currently, HIP-3 decentralized exchange Paragon has 12 stock contract trading pairs, with daily trading volume in the millions of U.S. dollars, and has been expanding continuously through frequent ticker auctions recently.

Is Michael Saylor's @Strategy selling $BTC again? A wallet linked to #Strategy moved 299.84 $BTC($18.91M) 9 hours ago. The last time they moved $BTC was between July 1 and July 5. During that week, #Strategy sold 3,588 $BTC($216M).

According to monitoring by Onchain Lens, a whale address deposited 873,160 wstHYPE (worth approx $47.37 million) and 627,810 kHYPE (approx $33.71 million) into the Hyperlend protocol. With total collateral of roughly $81.07 million, the address borrowed $20.57 million in USDC, holding a health factor of 2.91 and net equity of approx $60.5 million.

This weekend, Trump’s Iran policy has again seen a TACO shift, moving from an "imminent strike" to a "delayed strike". As of late night to early morning today, Trump’s latest statement reads: "I canceled the strike on Iran at the request of Saudi Arabia, the United Arab Emirates, Qatar, and Iran. I believe an agreement has already been reached on the Strait of Hormuz, and a denuclearization deal will also be concluded. I am holding talks with them, starting tomorrow afternoon (Beijing time, Tuesday morning). We are ready to act at any time." Affected by this development, Brent crude oil prices quickly retreated from a high of $91 over the weekend, and are now trading at $83.8. However, the positive news failed to boost Japan and South Korea’s stock markets. According to Bitget market data, the Nikkei 225 index fell 659.27 points at Monday’s opening, a 1.02% drop; South Korea’s KOSPI index declined 217.22 points, down 3.29%. SK Hynix fell 4%, and Samsung Electronics dropped 5%.

This morning, Dan Bin, chairman of Oriental Harbour, shared a Morgan Stanley analyst’s view, noting that the chip sector saw a sharp sell-off and massive leveraged liquidations in July. However, amid the broader AI cycle, such a pullback is both an inevitable stage and a sign of a healthy market. The market has yet to fully grasp the infinite demand potential of AI as an "intelligent" product; concerns over capital expenditures by major tech firms mirror the early days of Amazon’s AWS, but AI opportunities are far larger. Capital is flowing back to high-quality tech stocks from low-quality ones, validating the outlook that "the kings will return" by the end of 2026. Memory chips still carry cyclical risks and high volatility, so it’s advisable to wait for technical repair. A more positive outlook is held for fundamentally strong players like NVIDIA, Broadcom, and TSMC, with capital expected to flow more into high-quality application-layer stocks. On the other hand, hyperscale cloud providers are seeing accelerating business growth, with large order backlogs that continue to expand, indicating that previous penalties on capital expenditures were misjudgments—these investments will translate into solid future revenues. Looking ahead to August, the Nasdaq rally is expected to continue until NVIDIA’s earnings report, as the tech sector’s rotational correction nears its end, with capital accelerating its flow back to high-quality tech stocks. In terms of sector-specific operations, investors should avoid chasing highs in the chip and memory sectors for now. However, they can adopt a short-term swing trading strategy of buying on dips until the memory sector fully forms a bottom pattern technically.