According to Bitget data, Hong Kong-listed MINIMAX plunged 20% on its lock-up expiration day, hitting a share price of HK$290 and a market capitalization of HK$91 billion.

According to Hyperinsight’s monitoring, SK Hynix’s American Depositary Receipt (ADR) has not yet listed on the Nasdaq, yet the crypto market has emerged as one of the largest trading venues for SK Hynix outside of its primary stock market. In the past trading session, the SKHX contract on the crypto market recorded a trading volume of $3.668 billion, roughly 38% of the concurrent South Korean stock’s spot trading volume of $9.64 billion. Of this, Trade.xyz accounted for around $985 million in SKHX trading; the platform’s total daily trading volume hit $4.93 billion, and SKHX’s current open interest exceeds $360 million. Note: Crypto market transactions are dominated by leveraged contracts, with trading volume calculated on a notional basis; when adjusted for de-leveraging, the actual capital scale will be lower.

Robinhood (HOOD) CEO Vlad Tenev has sold 375,000 shares of HOOD since July 6, at an average price of $116.17, netting a total of $43.56 million in proceeds. Tenev still holds 48.3 million Class B shares, worth more than $5 billion.

According to Barclays' baseline forecast, the Federal Reserve will keep interest rates unchanged through the end of 2027. However, Barclays strategists still believe the risk is tilted toward additional interest rate hikes. The strategists noted that the latest Federal Reserve policy meeting minutes highlight growing concerns among participants about inflation and the risk of it remaining persistently high. They pointed out: "While participants expect inflation to decline, they believe the risk of it staying elevated remains, in part due to strong demand for artificial intelligence-related investments." Meanwhile, there remains disagreement among participants regarding future policy paths. (Jinshi)

TAC released a statement addressing its sharp price drop over the past 24 hours, confirming the protocol was not hacked, on-chain assets remain secure, and the system is operating normally. The team and early investors did not engage in selling, as relevant tokens are still in lock-up and vesting periods with no unlock possibility at this stage. TAC added that an internal review of on-chain and centralized exchange trading data found no token minting or malicious behavior. The recent decline was primarily triggered by a large perpetual contract sell order amid thin market liquidity, which sparked a chain of liquidations in the perpetual contract market and spilled selling pressure over to the spot market. The team said it is drafting measures to strengthen market structure, boost liquidity, and restore market confidence, with specific plans to be unveiled later this month. Earlier, TAC Protocol (TAC) experienced an extreme market swing in the early hours of yesterday, plunging 90% within 15 minutes.

According to Bitget market data, Hong Kong-listed chip stocks rallied in the afternoon trading session. Xinzhi Holdings (02166.HK) surged 24%, GigaDevice Semiconductor (03986.HK) rose 17%, Montage Technology (06809.HK) gained 10%, while Semiconductor Manufacturing International Corporation (SMIC, 00981.HK) and Daysemi (09903.HK) each climbed 8%.