Trade.xyz's Shanghai Lishi contract has seen elevated funding rates, with investors likely betting on a rebound in South Korean stocks tomorrow.

According to market data from BIT (bit.com), SK Hynix ADR fell 10.4% in pre-market trading on US stocks, currently trading at $151.468.

According to market data from BIT (bit.com), US AI stocks were broadly lower in pre-market trading. Memory chip manufacturer Micron Technology fell 6.6%, while Nvidia dropped 2.16%. Storage stocks saw declines: SanDisk fell 6.5%, Seagate Technology dropped 5.4%, and Western Digital declined 6.6%. AI equipment makers also retreated, with Applied Materials (AMAT) down 4.72% and Lam Research (LRCX) falling 4.31%. CPO-related stocks moved lower in sync: LITE dropped 4.24% and AAOI declined 4.01%.

A spokesperson for Iran's Foreign Ministry stated that the United States has repeatedly violated agreements. As long as the U.S. does not fulfill its commitments, Iran will not honor the pledges in the memorandum of understanding signed with the U.S.

Bank of America stated in a July 11 research report that the global memory industry’s ASP-driven supercycle remains ongoing, projecting global DRAM revenue will surge 325% year-over-year in 2026 to reach $568.8 billion. The report forecasts NAND revenue will grow 299% over the same period to $323.1 billion, with combined DRAM and NAND revenue hitting $891.8 billion—up 315% from 2025. Combined revenue of the two product categories could climb further to $1.25 trillion by 2027. Bank of America noted that this round of growth is driven primarily by price rebounds, not just shipment volume increases. The bank projects DRAM’s average selling price will jump 249% year-over-year in 2026, while NAND’s average selling price will rise 238%.

CZ responded on X regarding last night’s incident where a donation address burned some CZ and TCC tokens. He stated: “It’s not that deep. I haven’t checked that wallet in a long time. Opened it and found there were too many tokens (tens of thousands), and the software’s display was a bit unfriendly. I gave some suggestions, then did a test. Rather than sending to my address, it’s better to directly send them to a black hole.” Last night, CZ’s donation address transferred 700 million CZ tokens and 400 million TCC tokens to a black hole. Affected by the news, both CZ and TCC saw varying degrees of price surges.

South Korean media reported on July 12 that South Korea’s five major commercial banks have used more than 85% of their full-year household loan growth quota in the first half of this year, with two banks even exceeding their full-year caps. Against the backdrop of strict aggregate control targets set by regulatory authorities, the banks have almost no room for new lending in the second half, leading the market to predict a credit "cliff" will materialize in H2, and stock market leverage funds entering the market via loans will face significant contraction pressure. The report notes that the two major drivers of rapid loan growth are the continuously surging demand for mortgage loans and personal loans used directly for stock market participation. Although banks tightened lending pace at the start of the year, neither type of demand has seen a noticeable decline, ultimately driving a continuous rise in loan balances in H1. For investors relying on credit leverage to trade in the stock market, available external financing channels in H2 are facing substantial tightening.