U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

Meritz Securities analyst Kim Sun-woo stated that driven by one-time investment gains and rising semiconductor prices, SK Hynix is poised to report record second-quarter results. The analyst projects SK Hynix’s pre-tax profit for the April-June period will exceed 100 trillion won, consisting of 6.01 trillion won in operating profit plus 4.16 trillion won in investment gains from its stake in Japanese chipmaker Kioxia held through U.S. private equity firm Bain Capital. This performance will top the company’s prior operating profit record of 5.88 trillion won set in the first quarter. He added that DRAM and NAND storage chip prices rose 30% and 49% respectively in the second quarter.

According to monitoring by ai_9684xtpa, a whale address purchased 9,046.17 ETH via on-chain transactions at an average price of $1,968 over the past 50 minutes, totaling around $17.8 million. The address then transferred the purchased ETH in batches to other addresses.

Iranian Foreign Ministry spokesman Baghaei said mediators have relayed a message from the U.S. to Iran, but Iran is not currently in talks with Washington. Baghaei added that Iran has not requested the resumption of negotiations with the U.S. (Jinshi)

According to Allium data, on the eve of Changxin Technology (CXMT)’s listing, Hyperliquid-attributable CXMT wallet data shows: wallets from the U.S., Hong Kong, and mainland China are overall net long, while South Korea-labeled wallets are the main short sellers in this sample. Among them, South Korean wallets hold around $760,000 in short positions, with the short position size roughly 38 times that of their long positions. Taiwan-labeled wallets are also net short, with a net short of approximately $329,000. On the long side: U.S.-labeled wallets hold $1.6 million in long positions and $345,000 in short positions, with a net long of around $1.255 million; Hong Kong-labeled wallets hold $1.3 million in long positions and $431,000 in short positions, with a net long of about $869,000; mainland China-labeled wallets hold only $83,000 in long positions and $16,000 in short positions, with a net long of roughly $67,000. Assuming all of South Korea-labeled wallets’ $760,000 short positions were opened at a uniform price of $6.48 before the listing, with no subsequent position adjustments and calculated at 1x leverage, the theoretical floating loss of the short positions is around $48,500, with a loss rate of approximately 6.4%. Note: According to Allium’s documentation, around 25% of Hyperliquid addresses in its overall address database can be attributed to specific countries; the actual coverage and confidence distribution of this CXMT sample have not been disclosed. Geographic labels are inferred from signals such as on-chain associations, fund sources, and active time zones, and do not equate to the holder’s actual nationality or real-time location. Open Interest (OI) also does not represent the number of traders.

The new draft of the CLARITY Act has been officially released. This draft merges the versions from the Senate Banking Committee and the Senate Agriculture Committee, and includes ethics provisions for the first time. The voting process is expected to start this Monday or Tuesday, with a formal vote possibly held as early as the week of August 3.

Half a year after being repatriated, Chen Zhi, founder of Cambodia’s Prince Group, has been approved for arrest. Chen was formally approved for arrest on July 6. Compared with when he was repatriated, the charges against him have been adjusted: the charge of concealing proceeds of crime was dropped, while new charges of copyright infringement and intentional harm were added. Over the years, Chen built a global telecom fraud network centered on the "Jinbei Park". As a self-styled "duke", he earned millions of dollars daily and amassed a net worth of tens of billions of US dollars. The Bitcoin seized by the US alone is worth $15 billion (equivalent to about 103.5 billion yuan). According to a notice from China’s Ministry of Public Security (MPS), on January 7, 2026, with the support and cooperation of Cambodian authorities, the MPS dispatched a working group to repatriate Chen Zhi, a Chinese national and leader of a major cross-border gambling and fraud criminal group, from Phnom Penh, Cambodia. The earlier notice revealed that Chen’s criminal group was suspected of multiple crimes including operating gambling dens, fraud, illegal business operations, and concealing proceeds of crime, and had been lawfully taken compulsory measures.