US stock indices opened lower, while AI stocks traded mixed.

According to official announcements, GoldHouse, a one-stop Web3 payment and social platform, has launched the GoldHouse Card 1 million USDT transaction fee rebate campaign, designed to further reduce users’ crypto payment costs and enhance the digital asset payment experience. During the campaign, users who complete a single transaction of 20 USDT or more via GoldHouse Card will qualify for transaction fee rebates. Per the campaign rules, multiple U Cards under the same wallet address are eligible to participate, with each U Card entitled to a maximum monthly rebate of 500 USDT. Rebate rewards will be issued on a monthly basis. The total subsidy pool for the campaign amounts to 1 million USDT, and the campaign will conclude once the cumulative rebate reaches this cap. The platform noted that all eligible transaction fees during the campaign will be covered by GoldHouse, aiming to lower the threshold for Web3 payments and deliver a more efficient, convenient, and low-cost payment experience to users. It is understood that GoldHouse is committed to building a next-generation Web3 payment infrastructure connecting digital assets and real-world consumption scenarios, continuously promoting the adoption of digital assets in global payment use cases. This transaction fee rebate campaign is a key part of its ecosystem incentive program, with more user incentives and ecosystem benefits set to be rolled out in the future.

Trump took a tough stance on Iran today, while the Israeli Prime Minister is visiting the US, renewing market concerns over potential US-Iran conflict. As a result, Bitget market data shows WTI crude oil’s intraday gain once widened to 7.00%, currently trading at $83.7 per barrel. Brent crude oil is up 6.5% at $87.3 per barrel.

According to official announcements, Binance Alpha will become the first platform to list Grvt (GRVT) on July 30. Once trading commences, eligible users can claim the airdrop using Alpha points via the Alpha event page, with full details to be announced later.

July 29 Update: #Bitcoin ETFs: 1D NetFlow: -977 $BTC(-$62.73M)?? 7D NetFlow: -7,225 $BTC(-$464.05M)?? #Ethereum ETFs: 1D NetFlow: +2,000 $ETH(+$3.8M)?? 7D NetFlow: +20,277 $ETH(+$38.49M)??

Recently, AI stocks have continued to decline, with multiple AI leading stocks represented by SK Hynix halving in value in a short period. In response, domestic and international securities firms and KOLs have been intensively betting on bottom-fishing this week. Dan Bin, chairman of Orient Capital, publicly stated on Xueqiu today: "When there is a sharp drop, you must dare to buy! I just used up all my remaining dry powder." Famous investor Duan Yongping shared his actual trading records of SpaceX put options last Friday, which the market widely views as his typical "potential bottom-picking" move. Additionally, regarding Korean stocks, securities firms including Morgan Stanley, JPMorgan, Citigroup, and Nomura unanimously hold that the market is "near the bottom", "deleveraging is nearing its end", and the current market is a technical correction rather than a fundamental reversal, maintaining their high target price views for the KOSPI index. Tom Lee, well-known in the crypto circle, expressed a similar view, stating that the corrections of SK Hynix and Samsung are forced deleveraging, weak hands have been cleared out, and the market is near the bottom. AI has been built as an industrial-level project over many years, so all such corrections are "buyable". In the U.S. stock market, there is no shortage of "bottom-fishing" voices either. Most analysts believe that the overall valuation of the Magnificent Seven (Mag7) relative to the S&P 500 is at a low level in over a decade, and they recommend buying on dips in stocks including Nvidia, Microsoft, Meta, Alphabet, Broadcom, Amazon, etc. BlockBeats believes that the market is volatile and unpredictable, and investors need to be responsible for their own funds and decisions. In the current extreme market conditions, it is recommended to use leverage tools with caution and maintain rational investment behavior.

According to Bitget's market data, spot gold has fallen below the $4,000 threshold for the first time since July 21, down 0.7% on the day.