TSMC’s CEO bluntly voiced “envy” over storage manufacturers’ 86% gross margin, and clearly stated that strong AI demand will persist through 2030.

Swedish listed company Bitcoin Treasury Capital has been approved to list Sweden’s first bitcoin-backed preferred share product, BTC PREF, on Sweden’s Spotlight Stock Market starting July 20, offering a 10% annual dividend.

According to GMGN market data, meme coin ANSEM has seen a short-term decline of around 20%, with its market cap dipping to $150 million and currently trading at $163 million. Its 24-hour drop stands at 33%, while 24-hour trading volume is $33.4 million. BlockBeats Note: Meme coins are highly volatile, largely driven by market sentiment and concept hype, with no actual intrinsic value or practical use cases. Investors are advised to take note of the associated risks.

According to GMGN market data, the on-chain meme token TENDIES on the Robinhood chain has hit a market cap of $17 million, surging 422% in 24 hours with a trading volume of $6 million over the same period. TENDIES is derived from the internet meme "tendies" (referring to chicken nuggets or diced chicken), which originated from US retail investors and the Reddit community, symbolizing the grassroots sense of victory of "ordinary people making money and going home to celebrate with chicken nuggets". BlockBeats Note: Meme coin trading is highly volatile, mostly driven by market sentiment and concept hype, with no actual value or practical use cases. Investors are advised to be mindful of the associated risks.

Renowned investor and Chairman of Oriental Harbour, Dan Bin, published an article commenting on the decline of the storage sector, noting that based purely on market sentiment, the current correction in the storage sector is approaching a near-term bottom. The continuous pullback of leading Chinese AI storage firms listed overseas has dragged down the A-share market, but the long-term demand logic for the AI industry remains unshaken. After the short-term emotional sell-off, stocks with strong performance certainty will gradually recover. Dan Bin added that he does not believe there is a systemic risk in AI-related companies at present, explaining that it is just a normal correction after excessive gains. The key is whether corporate profit growth can be sustained—and for how many years—this is the most critical factor. Additionally, companies that use no leverage and boast sustained profit growth can weather the current market stage. Dan Bin also stated that he has allocated all his personal funds to follow-invest in Oriental Harbour’s funds.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale going long on a basket of tech and semiconductor stocks has suffered an unrealized loss of $7.67 million. The whale holds a $19.39 million position in popular semiconductor stocks including MRVL, SNDK, SKHX, MU, NBIS, CRCL, and ZHIPU. The bulk of the loss stems from three stocks: Marvell Technology, SK Hynix, and SanDisk, which together account for $6.45 million in unrealized losses, or 84% of the total unrealized loss.

According to market data from BIT (bit.com), Baidu’s US-listed shares rose nearly 3% in pre-market trading. The Chinese tech firm announced today that its board of directors has approved a motion to seek a voluntary conversion to a primary dual listing on the Hong Kong Stock Exchange (HKEX) Main Board, in line with HKEX Guidance Letter HKEX-GL112-22. The conversion is expected to take effect this year. The board also authorized the company’s management to conduct relevant preparations and take necessary steps to complete the conversion. Following the conversion, Baidu will hold primary dual listings on both the HKEX Main Board and the Nasdaq Global Select Market. Its Class A ordinary shares and American Depositary Shares (ADS) will continue to trade on the two exchanges (as applicable) and remain convertible between each other.