Well-known trader: Bitcoin’s 'protective' buy wall reappears on Binance - Lookonchain

NVIDIA CEO Jensen Huang’s launch of his X account has sparked a surge in on-chain meme speculation sentiment, with multiple blockchains witnessing the emergence of related-themed meme coins.

Nvidia CEO Jensen Huang registered an X account today and posted his first tweet, sharing an open letter co-signed by Nvidia titled "Open Weights and U.S. AI Leadership". This development has sparked discussions not only in the AI industry, but also in the crypto space, which has shown its own "welcome" to Huang. On-chain meme speculation targeting Jensen Huang is surging. As of press time, Jensen Huang-themed meme coins have emerged on Solana, BSC, and Robinhood Chain, with active trading. BlockBeats reminds users that meme coins are highly volatile, so investors should exercise caution.

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The three major U.S. stock indices opened mixed, while most AI stocks came under selling pressure and declined.

US stock market opens: Dow Jones rises 0.17%, S&P 500 gains 0.07%, Nasdaq falls 0.12%. According to market data from BIT (bit.com), star tech stocks show divergent trends: Oracle climbs nearly 2%, AMD and Microsoft advance over 1%; Micron Technology drops 3%, SpaceX falls nearly 2%, Apple gains 0.9%, Nvidia declines 0.26%, Broadcom slips over 1%, and SK Hynix ADR falls 3.85%. Storage stocks face downward pressure: Western Digital (WDC) drops 2.38%, Seagate (STX) falls 2.17%, SanDisk (SNDK) declines 3.83%. Neo-cloud concept stocks also see broad losses: NBIS falls 5.43%, while IREN and CRWV drop over 4%.

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Oracle’s credit default swaps hit all-time highs, sparking investor concerns.

Oracle Corp's 5-year credit default swap (CDS) rose to a record high of around 203 basis points, meaning the annual cost of purchasing default protection on every $10 million of the company's debt is roughly $203,000. Oracle's CDS has more than quadrupled since mid-2025, even surpassing its peak during the 2008 financial crisis. On the other hand, the company's borrowing costs are also climbing: the spread on its 6.7% bond maturing in 2056 widened by 8 basis points to 263 basis points on Monday, while the spread on its 5.7% bond maturing in 2036 rose by 9 basis points to 205 basis points. Meanwhile, S&P Global Ratings downgraded Oracle to BBB- on July 9, one notch above junk status, citing its rapidly growing AI-related spending. Oracle's credit risk has reached crisis-level territory.

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Bitcoin plunged sharply in nearly 10 minutes ahead of the US stock market’s opening, dropping over 0.6%.

According to HTX market data, Bitcoin plunged sharply ahead of the US stock market open, falling more than 0.6% in nearly 10 minutes after 9 PM, and is currently trading at $64,395.54. Earlier, prominent trader Killa (@KillaXBT) noted, “Binance’s crash protection team is back. Typically, when large bid orders start clustering just below the price level, market makers and algorithms tend to temporarily front-run them.” His screenshot shows multiple horizontal lines forming below Bitcoin’s current price starting around $62,000, with the densest and most obvious buy wall appearing near and below $58,000. A similar scenario occurred during the market-wide crash night on June 6.

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Jensen Huang appears to have registered an X account, and NVIDIA’s official account has followed it.

According to community reports, Nvidia CEO Jensen Huang has reportedly registered an account on X. Nvidia’s official account NVIDIA AI has followed this account. Public records show Huang did not previously hold an X account, and has long primarily communicated or appeared via Nvidia’s official account (@nvidia), rarely managing social media accounts himself.

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Memecoin.Fun, a token launch platform on Robinhood Chain, has secured $3.5 million in strategic funding, led by Becker Ventures.

Memecoin.Fun, the ecosystem token launch platform built on Robinhood Chain, has announced the close of a $3.5 million strategic funding round. The round was executed via USDG Token, led by Becker Ventures, with participation from BitValue Capital, Mason Labs, Negentropy Capital, and angel investor Billy Wen. According to the announcement, the funds will be used to accelerate core product and infrastructure development, including Robinhood Chain Launchpad infrastructure, cross-chain bridge function development, and the research and operation of the revolutionary Memecoin All-chain Platform.

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