edgeX initiates V2 version migration, and in partnership with USDC and Gauntlet, rolls out a time-limited incentive program with a 50 million USDC allocation.

SpaceX will release its second-quarter 2026 financial report on August 4, and hold a live earnings webcast that will be simulcast on the X platform.

JPMorgan CEO Jamie Dimon said investors are underestimating the geopolitical and fiscal risks facing the global economy, and at current prices, he would not buy the overall stock market nor long-term U.S. Treasuries. Dimon noted that the Russia-Ukraine war, Middle East conflicts, strained China-U.S. relations, and rising military spending amid expanding government deficits could eventually hit markets. While the global economy is more resilient due to reduced energy dependence, this does not rule out sudden market downturns. Persistently large U.S. fiscal deficits could eventually push up interest rates, as bond investors will demand higher returns to hold government debt. He added that even if inflation falls to the Fed’s 2% target, the 10-year U.S. Treasury yield could stay between 4% and 4.5%, leaving limited upside for long-term Treasury prices. On stocks, Dimon said he would consider buying individual high-quality stocks, but not the broader market at current valuations. The S&P 500 has risen nearly 10% so far this year. Turning to AI, Dimon compared the current investment boom to the early days of the internet. He believes massive AI spending could ultimately pay off overall, just like the internet, but the returns and timeline will “definitely not be as people expect”. He pointed out that early internet-era giants like Yahoo and Netscape later faded, while eventual winners like Google and Facebook emerged later.

According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high market cap of over $39 million, and is now trading at $34 million, up 110% in 24 hours with around $10 million in trading volume over the same period. PONS is the native platform token of Pons, a token-launching platform on Robinhood Chain. The platform supports creating and issuing fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns PONS fees. It is viewed by some community members as the "pump.fun" of Robinhood Chain.

According to data from the Korea Financial Investment Association, as of July 16, the margin balance used for stock financing has fallen to 33.4 trillion won (about $226 billion), the lowest level since April 15. The figure is 13% lower than the peak of 38.6 trillion won recorded at the end of June. Additional data indicates that South Korean retail investors’ enthusiasm for stocks may be cooling. Per the Korea Financial Investment Association, as of July 16, investor deposits dropped to 108.1 trillion won, down from the high of 139.7 trillion won on June 4. (Jinshi)

Cathie Wood’s Ark Invest purchased 170,634 shares of SpaceX on Monday, valued at approximately $20.5 million. Meanwhile, it sold 41,322 shares of Robinhood, worth around $4.1 million.

According to Bitget data, South Korea’s KOSPI index posted an intraday gain of 2.51%, with Samsung Electronics rising 4.51% and SK Hynix up 3.52%.