Analyst: Bitcoin’s apparent demand has been almost consistently negative this year, but has recently improved.

According to Hyperinsight monitoring, South Korean semiconductor stocks plunged today before a slight rebound. On Hyperliquid, SK Hynix (ticker: SKHX) did not see stronger long-term bottom-buying walls; instead, larger sell orders have been placed above the rebound. Calculated based on levels $50 away from the current price: sell orders for SKHX above $1512 total approximately $14.19 million, while buy orders below $1412 are around $8.457 million, making the sell wall roughly 1.68 times the size of the buy wall. The most concentrated sell wall lies in the $1610–$1650 range, with 81 orders totaling ~7,536.813 units, valued at ~$12.189 million. Below, buy orders in the $1300–$1390 range amount to ~$5.737 million, with support scale significantly lower than the selling pressure above. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as an administrator (enable message sending permission), and it will automatically sync on-chain information.

Global brokerages have initiated research coverage on Elon Musk’s SpaceX (SPCX.O), with Wall Street forming an initial consensus of a "buy" rating for the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have assigned buy ratings, citing confidence in SpaceX’s long-term growth prospects, though concerns remain over its profitability and valuation. Morgan Stanley analysts stated in a July 7 report: "SpaceX can massively convert energy into intelligence and commercialize it through consumer and enterprise solutions in the AI era." Its $300 price target ranks first among Wall Street investment banks, implying an 87% upside from Monday’s closing price of $160.42. The bank’s analysts project SpaceX’s stock could trade as low as $75 in a bear case and as high as $600 in a bull scenario, with its revenue expected to reach $319 billion by 2030 and $3.3 trillion by 2040. (Jinshi)

Goldman Sachs initiates coverage on SpaceX for the first time, assigning a "Buy" rating with a target price of $205.

According to official announcements, Binance will launch bStocks tokenized securities trading pairs for Cerebras (CBRSB), Coinbase (COINB), Roundhill Memory ETF (DRAMB), Corning (GLWB), Alphabet (GOOGLB), Nebius (NBISB), Qualcomm (QCOMB), Semicon Bull 3X ETF (SOXLB), State Street SPDR S&P 500 ETF Trust (SPYB), and Western Digital (WDCB) at 21:30 today.

According to Gelonghui reports, Samsung Electronics disclosed in its preliminary earnings report that its operating profit for the April-June quarter this year is projected to reach 89.4 trillion won, equivalent to approximately $584 billion, setting a new quarterly record. The figure represents a 56% quarter-over-quarter increase from the prior quarter and exceeds analysts' average forecast of 84.2 trillion won. For the same period, Samsung's revenue is expected to hit 171 trillion won, surpassing the market estimate of 169.2 trillion won and rising roughly 129% year-over-year. The company plans to release its full financial report on July 30, which will include net profit and segmented data for each business unit. The report noted that Samsung's quarterly operating profit has surpassed Nvidia, making it the global company with the highest quarterly operating profit. A chart shows the ranking of major tech firms by quarterly operating profit: Samsung Electronics ranks first at $584 billion, followed by Nvidia at $535 billion, Alphabet (Google) at $397 billion, Microsoft at $384 billion, and Apple at $359 billion.

Tether is preparing to issue USDT natively on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercial issuance and distribution. This marks USDT’s return to the Bitcoin mainchain years after its first launch on Bitcoin via the Omni protocol in 2014. Viktor Ihnatiuk, co-founder of UTEXO, stated that the company has secured Tether’s support to advance the launch of Bitcoin-native USDT. The RGB protocol adopts client-side validation and integrates with the Lightning Network, enabling USDT to achieve instant, low-cost, private transactions while inheriting Bitcoin’s UTXO security model. Users will be able to hold USDT directly via native Bitcoin addresses and send/receive it through RGB-enabled Lightning Network wallets, without relying on other public chains or intermediary service providers. Compared to current USDT’s primary circulation on account-model networks like TRON and Ethereum, RGB leverages the UTXO model to natively support one-time addresses and combines with the Lightning Network for off-chain payments, effectively enhancing transaction privacy. Additionally, UTEXO has deep integration with Tether to reduce intermediary fees and data collection, and users can also convert USDT across different public chains at low cost via its already launched cross-chain bridge.