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Analyst: The sell-off in tech stocks is partly due to TSMC raising its capital expenditure forecast.

60 minutes ago

Swissquote analyst Ipek Ozkardeskaya said TSMC’s upward revision of its capital expenditure forecast may have sparked market concerns, triggering a sell-off in tech stocks. She noted that despite TSMC posting record second-quarter profits, its share price failed to get a lift, reflecting the market’s view that chip stocks are currently overvalued. Amid overcapacity risks, investors may be growing increasingly uneasy about large-scale AI infrastructure builds, though tech companies continue to ramp up spending. Next week, major U.S. tech firms will release earnings reports sequentially, which could help improve the recent weak market sentiment. However, signs indicate that companies like Alphabet are further increasing infrastructure spending, which may further weigh on share prices.

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CZ: Crypto asset penetration remains below 1%, leaving significant growth potential ahead.

CZ, during an appearance on the Talking Tokens podcast, said many people still regard crypto assets as speculative investments and focus on when to exit, but crypto and blockchain are fundamentally foundational technologies that should not be viewed solely from a short-term price perspective. CZ ranked blockchain alongside the internet and AI as the three foundational technologies he has witnessed, noting that the crypto industry’s current penetration rate is less than 1% by wealth size, leaving ample room for future growth. He also stated that the distinction between traditional finance and crypto finance should not persist going forward. The tokenization of stocks and the adoption of blockchain by banks and financial institutions have demonstrated that the two sectors are converging, eventually forming a single unified financial system.

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A trader who shorted CASHCAT two days ago has an unrealized profit of $529,000 so far.

According to Lookonchain's monitoring, trader 0xc36a shorted CASHCAT two days ago and currently has an unrealized profit of $529,000.

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Prediction market agent platform insiders.bot kicks off countdown to major update.

Today, the prediction market agent platform insiders.bot has officially started the countdown to its new version update. Previously, insiders.bot just launched its official version of the AI trading agent and the v1.3 signal. According to earlier official announcements, insiders.bot’s v1.3 signal achieved a win rate of over 80%, and the AI trading was used multiple times in live streams to generate high returns.

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US pre-market trading saw storage concept stocks extend their decline, with SanDisk and Western Digital both down 6%.

According to BIT (bit.com) market data, US pre-market storage concept stocks extended their decline. SanDisk (SNDK) and Western Digital (WDC) fell 6%, Seagate Technology (STX) and Micron Technology (MU) dropped around 5%, and SK Hynix (SKHY) fell 2%.

8 minutes ago

Binance will list Aerodrome (AERO) and add a Seed tag to it.

Per an official announcement, Binance will list Aerodrome (AERO) and launch the following spot trading pairs at 19:00 GMT+8 on July 17, 2026: AERO/USDT, AERO/USDC, AERO/TRY. The AERO deposit channel will open in one hour, while withdrawals are scheduled to go live at 19:00 GMT+8 on July 18, 2026.

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Zhongji Innolight passes Hong Kong Stock Exchange listing hearing

According to documents filed with the Hong Kong Exchanges and Clearing (HKEX), InnoLight Co., Ltd. has passed the HKEX listing hearing. As a leading high-end optical communication module enterprise in China, InnoLight’s core business covers optical communication devices and intelligent equipment, with its products applied in cloud data centers, AI computing power clusters, wireless communications, metropolitan area networks, and backbone networks.

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