Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

Global semiconductor stocks have plunged sharply recently, with securities analysts noting that the price declines have far exceeded levels reflected by fundamentals. Lee Jaeman, a researcher at Hana Securities, stated: "Even when factoring in market concerns about the cyclical volatility of semiconductors, the recent sharp plunge in stock prices appears excessive." The researcher pointed out: "We believe the catalyst for a rebound in semiconductor companies' stock prices will be the financial results to be released successively by U.S. hyperscale cloud service providers starting from late July." He added: "The combined capital expenditure growth rate of Alphabet, Microsoft, Meta, and Amazon is projected to rise from 80% in Q1 2026 to 83% in Q2 and 92% in Q3." He also said: "Given the growth in investment demand, semiconductor companies can sustain high operating profit margins." (Jinshi)

Renowned crypto investor Ansem posted that he bought PUMP when its price rebounded to retest its previous support level, at an entry price of approximately $0.001675. His bullish thesis is primarily based on Pump.fun generating $30 million to $40 million in monthly revenue even during the bear market, and his view that Solana will again dominate retail on-chain activity in this cycle, with Pump.fun likely emerging as a key beneficiary. If Pump.fun launches an airdrop of over 300 million tokens, it could follow the incentive model of Jito and Jupiter in 2023, driving a rebound in on-chain trading volume, user attention, and activity. Additionally, Pump.fun is currently competing with high-profit crypto protocols including Hyperliquid and Polymarket. Ansem also noted that the Pump.fun team holds a large amount of PUMP tokens, which recently entered the unlock phase, and given the platform’s core business of driving retail participation in token speculation, the team has incentives to boost the token’s performance. If PUMP breaks below its previous low of approximately $0.0014, the above thesis will be invalidated.

According to a report from research firm Exponential View, the artificial intelligence (AI) industry has reached a critical revenue inflection point, marking initial validation of the business model where tech companies have poured hundreds of billions of dollars into building AI infrastructure in recent years. The report shows that AI-related revenue from global hyperscale and emerging cloud service providers has hit roughly $25 billion, marking the second consecutive quarter that this figure has exceeded the estimated depreciation costs of AI data centers and chips, which stand at around $21 billion. This milestone means revenue generated by the AI industry has started to offset cost pressures from infrastructure capital investment, as the AI economy transitions from an expansion phase relying solely on capital expenditure to a revenue validation stage. Exponential View notes that current AI revenue primarily stems from AI cloud services, GPU computing power rentals, large language model APIs, enterprise AI software, and generative AI applications. As corporate clients continue to increase their AI spending, AI commercialization is accelerating. However, the report also points out that the AI industry is still far from achieving high profitability. Due to high costs for GPUs, data centers, electricity, and model development, industry profit margins remain limited; current revenue is more about validating the sustainability of infrastructure investment rather than generating large-scale profits. The core competition in the AI industry will shift from "whether real demand exists" to "which companies can achieve large-scale profitability amid fierce competition". As model capabilities improve and costs decline, AI service prices may fall further, so enterprises need to boost profit margins through more efficient application scenarios and business models.

According to monitoring by OnchainLens, cross-chain protocol Allbridge Core was attacked on the Solana blockchain. The attacker stole over $1.1 million by manipulating the exchange rate of its stablecoin pool. The attacker first took out a $1.12 million USDC flash loan from Kamino, then altered the liquidity ratio of Allbridge’s stablecoin pool via rapid USDC/USDT swaps, exploited the manipulated exchange rate to withdraw liquidity, and repaid the flash loan in the same transaction. Currently, the attacker has transferred approximately $1.1 million and mixed the funds using a privacy protocol. The maximum single withdrawal limit for Allbridge Core is around $2.24 million USDC, and analysis of the vulnerability is still ongoing.

According to EmberCN’s monitoring, a crypto whale added to its long Bitcoin (BTC) position 50 minutes ago, currently holding 1,662.5 BTC, with the position valued at roughly $108 million. Data shows the whale’s average entry price for its BTC long position is $63,958, bringing an unrealized profit of approximately $1.38 million. Due to the use of high leverage, its liquidation price is relatively close to the current level, at around $63,142.

TSMC said that to meet the surging demand for AI chips, it plans to further expand its wafer fab footprint in Arizona, the U.S., with total investment in the country increasing to $265 billion. This round of expansion is primarily driven by strong customer demand; the company will build additional wafer fabs in Arizona while continuing to adhere to its strategy of prioritizing the R&D and mass production of the most advanced process technologies in Taiwan, China.