The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

JPMorgan Chase raised its price target on Intel (INTC.O) from $45 to $85, following the chipmaker’s release of an unexpectedly strong revenue forecast that signals surging data center spending is fueling its long-awaited recovery. Intel projected third-quarter sales of $15.8 billion to $16.8 billion; even the lower end of this range comfortably exceeds the average analyst estimate of $15.1 billion. The outlook underscores Intel’s growth momentum among data center customers, who are urgently in need of chips to meet artificial intelligence computing demands. Last quarter, sales in this segment surged 59%—more than double Intel’s overall revenue growth rate.

The Drift Protocol exploiter who stole $285M has deposited 23,095 $ETH ($44.4M) into #TornadoCash today. The exploiter still holds 107,165 $ETH ($201M).

According to Hyperinsight monitoring, as of press time, SK Hynix, Google, and the Nasdaq 100 have declined roughly 5.8%, 4.2%, and 1.9% respectively. Within the noon hour, three whales sold their existing long positions, totaling around $7.2637 million in trading volume and generating realized losses of approximately $79,800: The address starting with 0x960 liquidated 167.0 Nasdaq 100 long positions, with a trading volume of ~$4.729 million and a loss of ~$46,000; the address starting with 0x943 liquidated 1248.3 SKHX long positions, with a trading volume of ~$1.502 million and a loss of ~$18,000, then immediately shorted SKHX worth $225,700; the address starting with 0x61c liquidated 3262.0 GOOGL long positions, with a trading volume of ~$1.032 million and a loss of ~$14,000. Only the GOOGL trade is confirmed to have been triggered by a $317 stop-loss order, while the rest were voluntarily closed at a loss.

Due to the #oil price surge, loracle.hl(@loraclexyz) was fully liquidated on 104,848 $CL($9.68M), losing $680K. But he didn't give up. He opened another short on #oil and now holds a 33,500 $CL($3.07M) short position.

Overnight declines in U.S. chipmaker stocks rippled through Asian equity markets. South Korea’s KOSPI index fell as much as 6.1% on Friday, with Samsung Electronics and SK Hynix both dropping over 7%, leading the Korea Exchange to temporarily suspend program trading. In recent weeks, this safety measure has been triggered with growing frequency in South Korea’s $4.1 trillion stock market. Friday’s selloff unfolded as investors sought to reduce risk ahead of the weekend, while Middle East tensions have pushed oil prices to near $100 per barrel. After four straight days of net buying, global investors resumed selling South Korean equities, primarily paring tech stock holdings. Shawn Oh, head of Korean cash equities at NH Investment & Securities, stated: “Due to persistent Middle East tensions, local funds are cutting tech positions and de-risking ahead of the weekend, amplifying downside risks.” Roy Lim, a stock sales trader at Samsung Securities, said some Asian hedge funds are offloading Samsung and SK Hynix shares to build positions in China’s ChangXin Memory Technologies, which is scheduled to list on July 27.

According to PeckShield’s monitoring, an address identified as the Drift attacker recently deposited 23,095.1 ETH into Tornado Cash, valued at roughly $44.4 million, and transferred 0.85 ETH to Bybit. Earlier, the Drift protocol suffered an attack on April 1, 2026, leading to approximately $285 million in crypto asset losses.