Ethereum Gas Fee Continues to Drop, Now at 0.352 Gwei

South Korea's Gwangju Metropolitan Police Agency Cyber Crime Investigation Unit announced today that it has detained and referred three suspects, including a 60-something-year-old identified only as A, on fraud-related charges. The gang is suspected of defrauding more than 100 elderly people aged 70 to 80 of a total of about 500 million won between November 2024 and the recent period, under the guise of virtual asset investments. Investigations show the gang set up offices in Seoul, Gwangju, Gunsan (North Jeolla Province), and other locations. It targeted elderly people with limited knowledge of virtual assets via on-site information sessions, using false promises such as "guaranteed principal" and "potential returns of over 10 billion won". The police launched their investigation in March this year following a tip-off from an investment briefing in Gwangju's Western District, arresting suspects one by one by tracing financial transaction flows. The police believe there are still undisclosed victims, are expanding the investigation scope, and remind the public to stay vigilant against investment offers promising guaranteed principal and high returns.

South Korea's Korea Communications Standards Commission (KCSC) held a meeting of its Communications Deliberation Subcommittee today, ruling that overseas prediction market platform Polymarket offered illegal gambling and decided to implement access blocking measures against it. The commission determined that Polymarket's business model is based on outcomes of events beyond users' control, such as politics, sports, elections, and weather, and uses a "winner-takes-all" profit-loss structure that fuels speculative sentiment. The platform operator is responsible for market establishment, trading rule setting, and overall operation and management, providing virtual asset acceptance and settlement systems, effectively creating an environment for collecting and delivering user funds, and earning profits by charging fees on share transactions—violating South Korea's Criminal Act and the National Sports Promotion Act. Polymarket had argued that the platform operates on non-custodial peer-to-peer transactions and smart contracts, and does not directly raise funds, manage funds, or issue sports promotion voting rights. However, the commission responded that technical characteristics such as whether it offers Korean language services, decentralized technology, or centralized trading interfaces cannot be used as grounds to evade the application of South Korea's domestic laws. Given that the platform has actually provided illegal gambling to South Korean users, access blocking is unavoidable to protect domestic users.

According to HTX market data, HYPE has rebounded to break through $60, surging more than 17% from its phase low of $51.11.

Huobi HTX’s "Sixth Master" issued a statement responding to community feedback that some addresses received small transfers from HTX. The platform’s official team has noted the relevant situation and immediately launched an internal verification. It is now confirmed that HTX’s official has not conducted any related transfers or test operations. The specific source and cause of these transfers are under further investigation; multiple possibilities including address tagging and on-chain transfer source identification cannot be ruled out. No speculation will be made until facts are confirmed. Huobi HTX takes issues concerning user account and asset security seriously, and will clarify the matter as soon as possible. Any further confirmed information will be promptly shared with the community to provide users with a clear explanation.

TrendForce released data showing that in Q2 2026, the combined revenue of the world’s top five NAND flash manufacturers reached $68.87 billion, up 77% quarter-on-quarter, driven mainly by surging enterprise SSD demand fueled by AI servers and higher contract prices. Samsung Electronics reported revenue of $23.06 billion, up 70.7% quarter-on-quarter, retaining the top spot, though its market share fell from 31.6% to 29.3% as competitors grew faster. SK Hynix posted revenue of $14.27 billion, up 89.5% quarter-on-quarter, holding second place. Expansion of its 321-layer process and growing demand for high-capacity QLC enterprise SSDs lifted its market share from 17.6% to 18.2%. Micron, with a 99.2% revenue growth rate—the fastest among the top five—generated $11.85 billion in revenue, its market share rising from 13.9% to 15.1% as it overtook Kioxia to claim third place. Kioxia’s revenue stood at $10.72 billion, up 79.9% quarter-on-quarter, with its market share slightly dipping to 13.6%. Sandisk saw revenue growth of only 50.7%, the slowest among the top five, and its market share dropped from 13.9% to 11.4%. TrendForce projected that enterprise SSD demand for AI servers will remain robust in Q3, while major NAND manufacturers are concentrating investments on DRAM and HBM, resulting in limited new NAND supply. The upward price trend is expected to continue driving further growth in the industry’s overall revenue.

Today, leading Chinese quantum precision laser enterprise Pinzhun Laser officially debuted on the STAR Market of the Shanghai Stock Exchange. According to Bitget market data, its IPO price of 186.88 yuan set a new annual high. It closed its first trading session with a 516.44% gain. Calculated based on a standard lot of 500 shares, new investors earned 482,600 yuan in profit on the first day; based on the intraday peak gain of 595.63%, the maximum floating profit per standard lot hit 556,600 yuan, topping the list of the most profitable new shares in China's A-share market history. Pinzhun Laser closed at 1,152 yuan today, joining the ranks of A-share stocks priced above 1,000 yuan. Pinzhun Laser, full name Shanghai Pinzhun Laser Technology Co., Ltd., was established in November 2017. It masters the full-chain precision laser technology covering "seed source + fiber amplification + nonlinear frequency conversion + frequency stabilization", enabling narrow-linewidth, low-noise, high-power laser output across the full wavelength range of 177-5000nm. Its core business is the R&D, production and sales of precision lasers. Its products are mainly used in quantum technology sectors such as quantum computing and quantum precision measurement, as well as semiconductor fields including wafer manufacturing, quality inspection, and stealth dicing. The proceeds from this IPO will be mainly allocated to precision laser system industrialization projects, R&D center construction projects, Wuhan R&D center construction projects, and supplementary working capital. In 2025, the company reported revenue of 418 million yuan and net profit of 151 million yuan. At the initial listing stage, there are 7.6178 million tradable shares with no lock-up period, accounting for 19.04% of total share capital.