Analysis: The bear market has entered its final phase, with Bitcoin's profit supply ratio continuing to hover around 52%.

According to BIT (bit.com) market data, the U.S. optical communications sector extended its gains from yesterday, with the following performances: Pure Photonics ETF (FOTO) rose 2.2%; Corning (GLW) gained 0.52%; Marvell Technology (MRVL) increased 0.5%; AAOI (Applied Optoelectronics) climbed 5.1% — a manufacturer of 800G/1.6T high-speed optical modules focused on AI data center transceivers; LITE (Lumentum Holdings) rose 2.56%, a core supplier of optical communications lasers and modules and a key player in AI data centers; COHR (Coherent Corp) gained 5.86%, a leader in lasers, optical components and photonics solutions covering data center and industrial sectors; CIEN (Ciena Corporation) climbed 2.49%, which produces high-speed SerDes and connectivity chips and focuses on low-power interconnections for AI data centers. Yesterday’s development: The Trump administration is drafting a ban on imports of new Chinese data center components, and the U.S. Federal Communications Commission (FCC) plans to impose import restrictions on Chinese optical transceivers (used for high-speed fiber data transmission in data centers), aiming to announce and take effect within this year. A U.S. ban on new Chinese data center equipment imports could raise costs for U.S. cloud computing firms including Amazon Web Services (AWS, AMZN.O), forcing them to switch to alternative suppliers such as U.S.-based Coherent (COHR.N) and Lumentum (LITE.O).

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has posted an update on its official website, lifting sanctions related to Iran.

Duan Yongping once again responded on Xueqiu to his recent reduction in Pop Mart positions, elaborating on his long-term holding strategy: "It’s mainly because the put options I sold expired, which significantly impacted my shareholding ratio. Additionally, for some of the stocks I purchased, I simultaneously sold call options at the time of buying, and the counterparty ended up exercising the right to 'call away' those shares. Going forward, as long as the stock price stays within a certain range, I may continue this approach. From the start, I said 'Pop Mart Insurance Company has opened', but many people didn’t actually grasp what that meant." The Hong Kong Stock Exchange disclosed today that H&H International Investment, managed by Duan Yongping, cut its long position in Pop Mart International Group Limited from 7.65% to 5.55% on July 30, 2026. Following the expiration and exercise of some call options on July 30, Duan was obligated to deliver shares at the agreed price, leading to a reduction in his physical shareholding. The exercise involved delivering a portion of the shares at a combined settlement price of approximately HKD 162.50, resulting in a net decrease of around 8.9328 million physical shares. BlockBeats Note: Duan Yongping stated in April this year that "Pop Mart Insurance Company has opened", referring to his official initiation of selling put options on Pop Mart. He positions himself as an insurance company that collects "premiums" (option premiums) from other traders upfront: if the stock price falls, he buys shares at a lower price; if not, he earns the option premiums.

According to market data from BIT (bit.com), the US stock storage sector rose after the market opened. Leading storage players SanDisk and Western Digital will both release their fourth-quarter financial results after Wednesday's close. Among them: Seagate Technology (STX) gained 2.3%; Western Digital (WDC) rose 1.86%; SanDisk (SNDK) narrowed its decline to 0.16%; Micron Technology (MU) climbed 2.76%; SK Hynix ADR jumped 5.77%.

According to BIT (bit.com) market data, semiconductor and storage sectors were mixed when US stock markets opened. Storage sector leaders SanDisk and Western Digital are both set to release their fourth-quarter fiscal results after Wednesday’s market close. Western Digital’s stock has surged over 200% year-to-date, while SanDisk’s has risen around 500%. Individual stock movements: Seagate Technology (STX) rose 0.26%; Western Digital (WDC) gained 0.04%; SanDisk (SNDK) fell 3.2%; Micron Technology (MU) increased 0.3%; SK Hynix ADR dropped 2.2%; NVIDIA (NVDA) climbed 3.8%; Intel (INTC) decreased 1.1%; Advanced Micro Devices (AMD) declined 5.1%.

According to market data from BIT (bit.com), Nvidia has risen for five consecutive days, opening 4.01% higher today to trade at $220.430 per share, hitting a new high since June 4, with a total market capitalization of $5.33 trillion. Jensen Huang promoted the company’s new open-source autonomous driving model Alpamayo 2 Super in his third post on X, stating: “The next wave of AI will belong to robots, and this wave will start with autonomous driving.”