South Korean securities firm KIS says Samsung Electronics is "significantly undervalued," raising its target price by 10% to 650,000 won.

Hu Xiaowei, a core figure of the "Prince Group" (also known by the alias "Hu Shi", previously rumored online to be the "mastermind behind Chen Zhi"), left Japan on July 29 and was deported to the United States. FBI agents have contacted him, and subsequent related investigations will be conducted in the U.S. While in Japan, Hu Xiaowei used a Cypriot passport and operated under the alias "Hu Shi". In June this year, he was arrested by Japanese police on suspicion of violating Japan's Immigration Control and Refugee Recognition Act. On July 24, Japanese prosecutors filed a summary lawsuit against him, imposing a fine of approximately 100,000 RMB. Hu Xiaowei played a pivotal role in Chen Zhi's criminal group: he introduced Chen Zhi to the cyber gray industry and was Chen Zhi's "big brother". Hu Xiaowei is also known as Hu Yanming, Hu Shi (alias), and Chen Xiaoer. According to authoritative sources, Chen Xiaoer (sanctioned by the U.S.), Hu Yanming (subject to a restriction order issued by the Hong Kong Department of Justice), and Hu Xiaowei, the mastermind of the 2010 "Knight Attack Team" illegal computer system intrusion case cracked by Chongqing cyber police, are the same person. According to confessions from core members of the "Knight Attack Team" back then, Hu Xiaowei was one of only two leaders of the group, while Chen Zhi was a member and not on the list of 19 core arrest targets at the time. (Red Star News)

Binance founder CZ posted on social media that the market may be in a bear market, but a large amount of capital is still looking for investment opportunities.

According to Coinglass data, centralized exchanges (CEXs) recorded a cumulative net inflow of 4,701.35 BTC over the past seven days. The top three CEXs by inflow are as follows: Coinbase Pro saw an inflow of 3,540.44 BTC, Binance 577.64 BTC, and Bitfinex 458.92 BTC.

Renowned crypto analyst PlanB posted that Bitcoin closed at $62,818 in July, with its 200-week moving average standing at $63,000. It appears Bitcoin has entered a bottoming process, which typically takes 1 to 3 months, during which BTC could dip to lower levels.

According to GMGN market data, the meme coin ASTEROID on BNB Chain has seen its market capitalization fall below $3 million, with a 52.59% decline in 20 minutes. In an earlier report, BNB Chain officials stated that a former employee had issued the new meme token ASTEROID without authorization using the original official test wallet, and legal action has been taken.

BNB Chain released an official statement saying a wallet address was previously created by a former employee, who used it to issue a meme token named TST as part of video tutorials. The employee is no longer with the company. After leaving his position, he retained unauthorized access to the associated seed phrase and used it to generate new private keys. BNB Chain has now learned that the same address is being independently used for activities related to a new meme token, ASTEROID, on BNB Chain. BNB Chain did not create, authorize, promote or participate in the issuance of this token, nor does it have any control over the token or the wallet address. These matters are unrelated to BNB Chain and have not been endorsed by the platform. BNB Chain is taking legal action against the former employee and cooperating with relevant government agencies regarding the incident. Earlier reports noted that the BSC ecosystem meme token ASTEROID hit a $10 million market cap in just four hours after its launch.