Hassett: The Federal Reserve has no reason to raise interest rates, and he believes Walsh will guide the Fed to reach the correct outcome on interest rate issues.

Key pre-market U.S. stock news overview: 1. U.S. June PPI month-over-month rate: -0.3% (vs. 0% expected); U.S. June PPI year-over-year rate: 5.5% (vs. 6.2% expected). 2. SK Hynix ADRs narrowed their premium over South Korean shares to 30.7%, down from 51.5% at the close of U.S. trading this morning. 3. Buffett said: "It was a mistake that I didn’t invest in Google back then. Based on its current performance, the company is now 'more likely to be a winner'." 4. The semiconductor sector’s weighting in the S&P 500 has risen to 20%, hitting an all-time high. 5. The China-exclusive Apple Intelligence will integrate both Baidu and Alibaba’s AI models. Alibaba confirmed its Qianwen model will be integrated into iOS, iPadOS, macOS, and visionOS to provide AI capabilities for Chinese users. Baidu has not yet disclosed specific cooperation details. 6. Samsung is secretly studying the feasibility of listing in the U.S., a plan the company previously denied. 7. ASML’s Q2 results beat all expectations, driven primarily by AI chip demand. Net profit reached €2.92 billion, exceeding the market forecast of €2.62 billion. 8. Morgan Stanley’s equities traders significantly outperformed Wall Street expectations, setting another quarterly record. The bank’s Q2 2026 equities trading revenue hit $6.3 billion, up 69% year-over-year, marking a new quarterly high. 9. Trump held a meeting in the White House Situation Room to discuss a large-scale offensive against Iran; the operation will have a broader scope than current strikes around the Strait of Hormuz. Trump appears intent on escalating the conflict, aiming to inflict sufficient damage to force the Iranian regime to open the Strait of Hormuz and accept his nuclear-related demands.

According to HTX market data, Bitcoin has surpassed $65,000, with a 2.1% rise in the past 24 hours.

According to HTX market data, Ethereum has surpassed $1,900, with a 4.3% gain over the past 24 hours.

According to Lookonchain’s monitoring, Abraxas Capital is suspected of recently selling Bitcoin to buy Ethereum. Over the past three hours, the firm withdrew 8,153 ETH, worth approximately $15.3 million, from Binance and Bybit, while depositing 618 BTC, valued at around $39.99 million, into Kraken.

According to Lookonchain’s monitoring, as CASHCAT’s price continues to decline, an address exited its position via stop-loss after holding the token for just one day. The address sold all 6.12 million CASHCAT tokens, converting them into 383.6 ETH valued at roughly $735,000. The trade incurred a loss of 135 ETH, equivalent to approximately $259,000.

Changxin Technology held an online investor exchange meeting for its IPO and listing on the STAR Market. Yuan Yuan, Vice President and Secretary of the Board of Directors of Changxin Technology, stated that the company’s fifth-generation process technology platform and related products are currently in the R&D phase. The platform adopts further optimized multi-exposure technology to enhance storage density and array performance, with the company’s R&D team actively advancing the development of relevant processes and product technologies. Changxin Technology will open online share subscription tomorrow, with the subscription code being "787825". The stock is scheduled to list on July 27. The company set its STAR Market IPO price at RMB 8.66 per share. Based on the initial issuance scale, it is expected to raise RMB 57.919 billion, nearly double the original plan of RMB 29.5 billion. If the overallotment option is fully exercised, the fundraising amount will further increase to RMB 66.607 billion. This will be the largest IPO in Asia this year, as well as the largest semiconductor IPO in the history of China’s A-share market.