Kioxia's Q1 earnings miss market estimates, cooling expectations of a high boom in AI storage.

According to market data from BIT (bit.com), in pre-market trading of US stocks, Amazon (AMZN.O) climbed 11% after its Q2 cloud business revenue beat expectations. Apple (AAPL.O) dropped 6.7% as its Q4 revenue guidance fell short of forecasts. SK Hynix (SKHY.O) rose 7% in pre-market trading.

According to data on current account and earn products of major centralized exchanges (CEXs) compiled on July 30, stablecoin current yields on platforms including HTX, Binance, OKX, and Bitget are mainly structured as "high yields for small amounts, tiered reductions for excess amounts", with small-tier yields for USDT and USDC standing out relatively. In terms of USDT: HTX offers an annualized yield of 10% for the 0-200 USDT tier, dropping to 1.95% for amounts exceeding 200 USDT; Bitget’s 0-300 USDT tier yields 6.42% annually, falling to 1.76% for excess amounts; Binance’s 0-200 USDT tier has a 4.69% annualized yield, with excess amounts at 1.69%; OKX’s USDT yield is 1.65%. For USDC: HTX’s 0-200 USDC tier shows an annualized yield of 8%, dropping to 2.75% for amounts over 200 USDC; Binance’s 0-200 USDC tier yields 7.09% annually, with excess amounts at 2.09%; Bitget’s 0-300 USDC tier has a 6.66% annualized yield, falling to 1.36% for excess amounts; OKX’s USDC yield is 1.96%. For other stablecoins: HTX’s USDT VIP tier offers an annualized yield of 6%-9% for a limit of 50,000-100,000 USDT; Bitget’s USDT VIP 0-300,000 tier yields 1.88% annually, with excess amounts at 1.06%. USDE’s displayed annualized yields on HTX, Binance, and Bitget are tiered at 5%/3%, 4.00%, and 1.00% respectively; HTX’s USDD yields 4.00%; Binance’s U product has an annualized yield of 8.55% for the 0-8,000 tier, dropping to 0.55% for excess amounts. Overall, current high stablecoin current yields on major CEXs are concentrated in small amounts, with yields generally declining for large sums. When comparing related products, users should not only focus on nominal annualized yields but also consider tier limits, interest calculation rules, supported currencies, and real-time product availability. The above data are platform-displayed yields and do not constitute investment advice.

New York State has sued prediction market platform Kalshi, alleging it operates an illegal gambling business within the state—another major setback for the firm. On Friday, New York Attorney General Letitia James filed a lawsuit seeking a court order to bar Kalshi from operating in New York, and ordering the company to pay fines and restitution to users. Separately, the state submitted a motion for a temporary restraining order (TRO) to pause Kalshi’s event contract trading in New York. The TRO motion also requests the court to compel Kalshi to fully refund users’ funds, turn over all profits generated from these products, pay a penalty equal to three times its gains, plus a $100,000 fine per product. Court documents show the requested compensatory damages could amount to at least $36 billion, with the exact figure to be finalized after a full accounting.

Goldman Sachs said it has cut its price target for Apple (AAPL.O) from $370 to $360, while maintaining a Buy rating.

Bernstein released a research report stating that Robinhood still has 78% upside potential, maintaining a $160 target price, as its crypto business is expanding beyond pure trading into more areas. The firm noted that Robinhood Chain, tokenized stocks, Bitstamp, and Robinhood Earn will serve as new revenue growth drivers.

According to Bloomberg, Situational Awareness, an AI-themed hedge fund founded by 25-year-old Wall Street "AI stock guru" and former OpenAI researcher Leopold Aschenbrenner, attempted to sell some of its private company equity holdings this week to raise cash to meet a series of margin calls from lenders. People familiar with the matter stated that while seeking buyers for part of its positions, the struggling hedge fund approached multiple venture capital firms including Sequoia Capital and Greenoaks. Today’s reports further note that after Situational Awareness’s net value fell roughly 67% this month, it was forced to offload assets to Citadel and is now seeking new capital infusions.