Tom Lee: AI and South Korea-related assets may be bottoming out, with downstream stocks starting to gain market attention.
Chairman Tom Lee of BitMine, the largest Ethereum treasury firm, stated in a post that AI downstream-related assets are outperforming the broader market, with MAGS rising 2.2% and IGV up 1.0%. Lee noted that the key market framework to monitor now is that assets tied to AI and the South Korean market may be forming a bottom, while AI downstream stocks are starting to draw market attention.
6 minutes ago
NVIDIA overtakes Apple in market capitalization, regaining the title of the world's most valuable company.
According to market data from BIT (bit.com), Apple Inc.'s stock price once extended its decline to 10%, marking the largest intraday drop since April 2025, as its Q4 revenue guidance fell short of expectations. The company's current market capitalization stands at $4.39 trillion. NVIDIA's stock rose 1.55% today, with its market cap reaching $4.797 trillion, surpassing Apple to once again become the world's most valuable company by market capitalization.
6 minutes ago
Iran claims to have closed the Strait of Hormuz, U.S. Central Command denies.
Local time on July 31, the U.S. Central Command (CENTCOM) stated that "the Iranian government's renewed claim that it has closed the Strait of Hormuz is false." CENTCOM added that "the Strait of Hormuz remains open for merchant vessel traffic; Iran does not control the strait," noting that "thousands of ships have transited this international waterway over the past four months." Earlier on July 31, Iran's Persian Gulf Strait Administration issued a statement saying that due to the U.S. military's continued aggressive operations in the relevant waters, the Strait of Hormuz is currently not normally navigable. (Source: CCTV)
6 minutes ago
Jensen Huang: "Now is the best time in history to start a business—don’t overthink ‘how hard can it be’."
According to Fortune, NVIDIA CEO Jensen Huang told attendees at Y Combinator’s Startup School 2026 that the present is the best time in history to launch a company, advising young entrepreneurs not to overthink due to rapid technological shifts or fear of failure. When facing challenges, he suggested asking himself: “How hard can it be?” Huang emphasized that entrepreneurs don’t need all the answers from day one; the core is being willing to confront reality and continuously learn.
In NVIDIA’s early days, the company bet on the wrong graphics technology. When the team lacked solutions, he purchased three technical textbooks and gave them to his engineers. He noted that as long as one retains a learning mindset, specific technologies themselves are not the most critical factor. That said, Huang doesn’t believe success comes easily. He revealed he still works seven days a week and has long worried about the company collapsing; this sense of vulnerability, uncertainty, and insecurity has never faded. His advice: don’t imagine all difficulties in advance, lest anxiety derail action, but let challenges arise gradually and solve them one by one.
Data shows U.S. business applications hit a record 3.23 million in the first half of 2026, up 12.1% year-over-year. However, startup risks remain high: U.S. Bureau of Labor Statistics data indicates nearly half of businesses cease operations within five years of launch.
6 minutes ago
Trump’s approval rating has dropped to its lowest level since his second term.
Political analyst Nate Silver said that due to the ongoing unpopular Iran war and surging natural gas prices, President Trump’s approval rating has dropped to its lowest point since his second term this month. He noted, “The timing aligns closely with the rebound in natural gas prices and the resumption of hostilities in Iran.” As the war nears its sixth month, data from the American Automobile Association (AAA) shows that as of Friday morning, the average U.S. gasoline price stood at around $4.11 per gallon, up from roughly $3.15 a year ago. According to polling averages from Decision Desk HQ, Trump’s overall average approval rating was 40.6% as of Friday morning, while his average disapproval rating reached 57.5%. A Quinnipiac University poll found that 60% of U.S. voters oppose the war, the highest opposition rate recorded since the conflict began on February 28. Nearly three-quarters of Americans said they oppose deploying U.S. troops to Iran. An AP-NORC poll also showed that 64% of Americans consider the war “not worth it”; among them, 87% of Democratic voters, 37% of Republican voters, and 68% of independent voters hold this view. (Jin10)
6 minutes ago
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