Paraguay's National Power Company Aims to Use Seized Mining Rigs to Launch Government-Led Bitcoin Mining Project

According to market data from BIT (bit.com), the storage sector saw broad gains in pre-market US stock trading, with: SK Hynix ADR (SKHY) rising 6.51% — SK Hynix ADR will be convertible with its South Korean shares starting July 29; Western Digital (WDC) up 5.91%; SanDisk (SNDK) up 8.06%; Seagate Technology (STX) up 5.05%; and Micron Technology (MU) up 6.18%.

According to monitoring by Beating, a tech media outlet, a Tencent Cloud executive stated at a sub-forum of the recent World Artificial Intelligence Conference that to minimize inference costs, the company will deploy large-scale domestically produced computing power in China. The company plans to launch NPO (Near-Packaged Optics) super nodes in Q4 2026, and called for unified NPO industry standards at home and abroad.

According to OnchainLens monitoring, a newly created wallet withdrew USDC worth $14.64 million from Binance, transferred the funds to Hyperliquid, and subsequently opened a 3x long position of 2,386.72 MU (Micron) valued at $2.17 million.

Binance will launch multiple USDT-margined TradFi perpetual contracts today, including SHAZUSDT (09:00 UTC), SOFIUSDT (09:05 UTC), PANWUSDT (09:10 UTC), and PENGUSDT perpetual contracts. The underlying assets are U.S. stocks SharonAI Holdings, SoFi Technologies, Palo Alto Networks, and Penguin Solutions, with support for up to 25x leverage and 24/7 trading.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the smart money that went long 1,000 BTC and 10,000 ETH since the start of the month is now sitting on an unrealized profit of $5.484 million. The address opened long positions on BTC on July 6 and ETH on July 14, at entry points of $62,354 and $1,761.9 respectively. Its current position value stands at $85.36 million, with funding fees paid exceeding $330,000.

Robinhood Chain-native token launch platform Pons announced that 20% of the total PONS token supply has been burned in just the past 8 days, and the platform will continue to use its revenue to burn PONS tokens. According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high of over $39 million in market cap today, and is now trading at $33 million, up 105% in 24 hours, with roughly $13.7 million in trading volume over the same period. PONS is the native token of Robinhood Chain’s token launch platform Pons, which supports the creation and issuance of fixed-supply tokens. The platform uses collected WETH fees to repurchase PONS, while directly burning PONS fees from transactions, leading some community members to label it as Robinhood Chain’s equivalent of Pump.fun. Related reading: Robinhood Launchpad: A Battle of Hundreds of Projects, Who Will Come Out on Top? BlockBeats Note: On-chain token trading is highly volatile, often driven by market sentiment and hype, with no inherent value or real-world use cases. Investors are advised to exercise caution.