Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

Crypto community user ddotaek posted that he has shifted from the Solana-based MEME coin market, which he described as "constantly being rugged", to BNB Chain, noting that the BNB ecosystem "truly supports builders and long-term projects". He cited advantages including no rug pulls, no bot-driven wash trading, and clean launches (he personally verified front-running cases). He also mentioned that project team @TCryptochicks donated 10 million TCC tokens to GiggleAcademy, an educational charity founded by CZ. CZ later liked the tweet, lifting market sentiment, and TCC’s market cap briefly surged past $72 million before retreating to around $54 million. Previously, the "Giggle" token gained CZ’s public like and retweet in September 2025 via a donation to GiggleAcademy, with its market cap once soaring to over $100 million. CZ once stated "this completely changed my view on MEME coins", but later clarified multiple times that the related tokens were not officially issued by GiggleAcademy, and reminded holders to watch for subsequent selling pressure. BlockBeats reminds users: Most MEME coins have no practical use cases and are highly volatile. Please protect your assets and do not FOMO.

According to data from Ultrasound.money, Ethereum's net supply has increased by 83,550 ETH over the past 30 days, bringing its total supply to 121,838,278 ETH, with the current annual supply growth rate standing at 0.835%.

The Kobeissi Letter stated in a post that the AI spending boom is reshaping the U.S. economy. AI capital expenditures by Alphabet, Amazon, Meta, Microsoft, and Oracle are projected to rise to roughly 3.2% of U.S. GDP by 2027. If the forecast holds, annual AI capital spending will for the first time exceed U.S. defense outlays, which are expected to account for around 2.7% of GDP next year. For this year alone, the group’s AI capital spending is forecast to jump from 1.5% of GDP in 2025 to roughly 2.5%, nearly matching the 2.7% share of GDP allocated to defense spending. The five firms’ combined AI capital expenditures are projected to top $800 billion in 2026, then climb to a record $1.1 trillion in 2027. These figures are "staggering".

Due to the U.S. Independence Day holiday (July 3), U.S. stock markets were closed last Friday, paired with the regular weekend closure. "On-chain Nasdaq" Trade.xyz enables continuous trading and real-time price discovery unavailable in traditional finance via perpetual contracts, pricing in advance for Monday’s U.S. and South Korean stock sessions. Top U.S. stock tickers on Trade.xyz showed mixed moves compared to Thursday’s after-hours trading, and are expected to consolidate with minor fluctuations ahead of Monday’s pre-market. Weekend performance details: Micron (MU) is currently at $1038.71, versus $976.63 in U.S. Thursday after-hours trading; SanDisk (SNDK) at $1856.65, versus $1762.011 Thursday after-hours; NVIDIA at $197.83, versus $194.44 Thursday after-hours; Intel at $124.2, versus $121 Thursday after-hours; Google at $360.06, versus $359.91 Thursday after-hours; AMD at $537.34, versus $519.5 Thursday after-hours; SpaceX at $161.27, versus $160.95 Thursday after-hours. For top South Korean stock tickers on Trade.xyz, their weekend performance is as follows: Samsung Electronics is currently at $210.49, versus $202.35 at Friday’s close; SK Hynix is at $1623.16, versus $1585 at Friday’s close.

SK Hynix’s upcoming $29 billion U.S. stock market listing could be the largest initial public offering (IPO) by a foreign company in history, but the move is not just about raising capital. More importantly, the firm aims to compete in the hottest segment of global stock markets right now: memory chips for AI computing. Daniel Morgan, senior portfolio manager at Synovus Trust (which holds Micron stock), said the market is in a period of extreme hype for chip stocks, and now is a good time to bring U.S. investors on board for its shares. Zhou Di, portfolio manager at Thornburg Investment Management (which holds SK Hynix stock), noted that the offering targets investors who currently cannot access South Korea’s stock market. SK Hynix’s Nasdaq listing gives investors direct, frictionless access to one of the most attractive pure-play assets in the AI memory cycle. (Jin Shi)

TF International Securities analyst Ming-Chi Kuo stated in a note that the foldable iPhone could repeat the iPhone X playbook: it will be unveiled alongside other models, but pre-orders and official launch will be delayed, and supply shortages may persist through the end of 2026. Based on third-quarter 2026 production volumes, the foldable iPhone is likely to mirror the 2017 iPhone X. That year, the iPhone X was unveiled alongside the iPhone 8 and 8 Plus on September 12, but due to insufficient stock, pre-orders were pushed back to October 27 and official sales to November 3. Given the foldable iPhone’s limited third-quarter shipments, it may also open pre-orders and official sales only in the fourth quarter of 2026. After discussions with telecom operators, sales channels, and resellers/parallel import agents, Kuo concluded that even if the foldable iPhone is priced at roughly $2,300 to $2,500, demand will remain strong at least through the end of 2026. This means the device could sell out rapidly once pre-orders open, with shipment wait times potentially jumping to 4 to 6 weeks or longer, extending into December. He added that the foldable iPhone’s initial limited supply, distinct design, and innovative user experience could drive up short-term resale prices, with resale prices 50% to 100% higher than the official retail price not being out of the question.