Xi Jinping announces major initiatives by China to support global artificial intelligence development.

According to HTX market data, SOL has fallen below $75, currently trading at $74.99, with a 2.92% decline in the past 24 hours.

Ethereum researcher Leo Glisic has released the "Privacy Guardians 2.0" proposal on a research forum. The proposal proposes using the Privacy Guardians alternative to replace enterprise-controlled on-chain payments, aiming to keep on-chain payments as privacy-preserving as possible while remaining operational on the blockchain. The system features an interactive multi-component architecture, including a private payment mechanism, insurance mechanism, honeypot and claim process, exchange rate processing, liquidity pools, and metadata management.

According to Hyperinsight monitoring, HYPE has plunged back to $59.6, logging a 10.5% drop in the past 24 hours. The whale account linked to the alleged "HYPE listing insider" has seen its one-day fund withdrawal expand to $8.9 million. The whale currently holds a 5x leveraged long position of 1.38 million HYPE, with a position value of approximately $82.6 million, an average entry price of $38.67, and a return of around 274.6%. It has maintained a long base position since last October, and has suffered over $4.03 million in funding losses so far. It has repeatedly transferred out floating profits and margin after price rallies; data shows $1.9 million in USDC was withdrawn from the account on July 12. As the account’s margin continues to shrink, its liquidation price has risen further to $55.87. As of press time, the account is valued at roughly $12.28 million, while margin used stands at around $16.536 million. HYPE’s current price is just $3.74 (or 6.5%) away from its liquidation line. If the position and account margin remain unchanged, the $82.68 million long position will enter the liquidation zone when the mark price drops to around $55.88. Note: Withdrawals reduce available margin for cross positions, and the liquidation line fluctuates based on factors including account equity and funding fees. Previous update: "HYPE’s largest long holder" withdrew $9 million in margin, having pocketed over $30 million in cumulative floating profits.

According to Alchemy data, developer activity on Robinhood Chain has risen to second place in the public blockchain rankings, second only to Ethereum. Base, Polygon, and BNB Chain rank third, fourth, and fifth respectively.

Micron announced it has signed Strategic Customer Agreements (SCAs) with key technology suppliers supporting the automotive ecosystem, including Qualcomm, Visteon, Harman, Joyson Smart Driving, Denso, Aisin, and Hyundai Mobis. These agreements are part of the SCAs Micron referenced during its Q3 Fiscal Year 2026 earnings call. By enhancing supply and pricing certainty, the deals will support investments in the development, certification, and manufacturing capabilities required for future automotive platforms, helping ensure advanced automotive systems have the memory and storage capacity needed to deliver richer, safer, and smarter experiences.

Base-based meme token Brain (dubbed "Coinbase Man") briefly hit a market capitalization of $30 million, marking an all-time high, before pulling back to around $20.14 million. The token has posted a 24-hour price surge of over 3800%, with 24-hour trading volume standing at roughly $29.5 million. Built on Base’s Beryl upgrade, Brain uses the network’s native B20 token standard, and its name derives from Coinbase CEO Brian Armstrong. The main catalyst for the token’s rising popularity is Armstrong’s recent update to his X profile picture, which closely matches Brain’s token icon—sparking community speculation and fueling rapid trading activity. Currently, Brain has around 8,850 holding addresses, with the top 10 holders accounting for approximately 12.68% of its total supply, and liquidity of roughly $568,000. BlockBeats warns that meme coins are highly volatile, driven primarily by market sentiment, community hype and narratives, and lack stable fundamental support, urging investors to exercise caution.