South Korea's KOSPI index extended its decline to 2%, with SK Hynix falling 3%.

Independent semiconductor and AI research firm SemiAnalysis has released a report stating that ChangXin Memory Technologies (CXMT) has become the world’s fourth-largest DRAM player, exerting greater pressure on storage suppliers including SK Hynix, Samsung, and Micron. While the company is expanding production capacity and may continue to ramp up output in the coming months supported by significant cash flow accumulation, it still faces key challenges in equipment, technology, and the market. On the equipment front, CXMT remains subject to export controls on multiple types of advanced semiconductor equipment for DRAM and HBM production, including EUV lithography systems, advanced etching tools, and TSV-related equipment. The firm still faces hurdles across multiple manufacturing stages, each requiring distinct equipment capabilities, process maturity, and integration expertise. Technically, CXMT’s DRAM process technology lags behind leading manufacturers by several generations, with an even wider gap in the HBM space. As advanced equipment plays an increasingly critical role in next-generation DRAM scaling, this challenge may grow more difficult over time. CXMT’s rise should not be seen as a factor ending the storage cycle or an imminent threat to leading storage firms, but rather as a long-term structural competitive force. In the short term, the DRAM supply shortage is so large that CXMT’s incremental output cannot meaningfully ease market tightness; this current supercycle remains defined by constrained supply, rising storage content, HBM wafer absorption, and AI-driven demand acceleration.

According to Bitget's market data, some Hong Kong-listed artificial intelligence (AI) stocks moved higher, with Zhipu surging over 10%, Smart Drive Technology climbing more than 5%, and Yangtze Optical Fibre and Cable advancing by over 4%.

According to monitoring by Hyperinsight, today’s largest BTC position holder on the Hyperliquid platform is short-term day trader 0xa44. The address has notched 11 consecutive wins in the recent volatile market and typically executes large entry and exit positions within a single trading day. One hour ago, the trader went long 184.3 BTC with 40x leverage, valued at roughly $11 million at an average price of $59,852, and has placed a take-profit order set at $60,500.

Per an official announcement, Binance will conduct wallet maintenance for the Bitcoin (BTC) network at 09:00 UTC+8 on July 1, 2026. To support this maintenance, Binance will suspend Bitcoin (BTC) network deposits and withdrawals starting at the same time. The maintenance is expected to take 1 hour, and deposits and withdrawals will automatically resume once it is completed.

According to on-chain analyst Ai Yi (@ai_9684xtpa), an entity linked to a16z has stopped hoarding HYPE for a week, instead showing signs of moving its tokens. Over the past five hours, the entity has deposited a total of 77,402 HYPE tokens to multiple trading platforms, worth approximately $5.18 million. However, this entity already has a relatively high frequency of transferring tokens to exchanges, and the current transfer volume remains small compared to its previous hoard. Notably, HYPE’s price has stayed roughly flat over the past week.

Per HTX market data, CAP surged over 20% in a short time and is now trading at $0.032, driven by Bithumb’s launch of its KRW trading pair.