CEX volume leaders and 24-hour moves
Among the top 10 tokens by CEX trading volume, the 24-hour changes were: BTC +1.17%, ETH +3.62%, DEXE -24.32%, SOL +2.19%, VANA -1.25%, ZEC +3.57%, SHIB -1.72%, PEPE +6.14%, BNB +0.57%, and DOGE +0.96%.
OKX data showed the top gainers over the past 24 hours were KAITO at +16.63%, BOME at +15.89%, PEOPLE at +14.66%, MET at +12.79%, PUMP at +12.33%, IRYS at +11.32%, LQTY at +9.36%, AAVE at +9.08%, MERL at +8.19%, and CFG at +8.16%.
Data from msx.com on crypto-related stocks showed EBON up 6.44%, MPU up 2.44%, INDI up 2.16%, AMRK up 1.88%, BLNK up 1.85%, BRUN up 1.66%, SIMO up 1.44%, QUIK up 1.34%, FIGR up 1.34%, and ALMU up 1.23%.
On-chain meme names in focus
GMGN data listed CATE and Jimothy as the popular meme tokens on Solana, while Fugui and DCA were the names highlighted on BSC.
Top stories
ChangXin Technology lists today
Odaily, citing Jin10, reported that ChangXin Technology will officially list on Shanghai’s STAR Market at an offer price of RMB 8.66 per share.
Based on an average gain of 278.01% across all new listings, estimated profit for one subscription lot is about RMB 12,000. Based on an average gain of 466.67% for new STAR Market listings, the estimated profit rises to about RMB 20,200.
Institutional commentary cited in the report said the recent IPO segment has shown a phase of intraday rebound and that panic has eased. It added that cycle pricing indicators and sentiment indicators have largely fallen back to neutral or slightly below neutral levels for the year, with the sharp release of high-level risk possibly nearing an end. The same commentary said a full return to strength in the IPO segment may still take more time, pending further convergence in cycle indicators and a gradual narrowing of bullish-bearish differences.
BitMart sets staged shutdown timetable
BitMart said on X that, after evaluating its operating conditions, market environment and future strategic direction, it has decided to wind down the operation of its trading platform in an orderly manner.
The exchange said new registrations, deposits and new trading orders would be suspended starting at 01:30 UTC on July 26, 2026. All trading services will stop at 01:00 UTC on Aug. 26, 2026. Platform operations will formally terminate at 15:59 UTC on Jan. 31, 2027. Withdrawal services will remain available.
BitMart said it advises users to close positions as early as possible, complete KYC and withdraw assets.
Former global CEO says he had no role in shutdown decision
BitMart global CEO Nenter Chow said on X that he was informed on July 24 that his role as global CEO would be terminated and that he immediately entered the departure process.
Chow said that since July 24 he has no longer participated in BitMart management or decision-making and was not involved in any discussion or decision regarding the exchange shutdown. He added that he learned of the move only after the company’s public announcement was released.
He said his main concern now is user asset safety and employee arrangements, and urged users to rely only on BitMart’s official channels when handling account matters.
MSX.COM founder floats BitMart acquisition idea
MSX.COM founder Bruce wrote on X: “If I acquire Bitmart, the first thing is to complete the transfer procedures, and the second thing is to make it free — reduce spot and futures trading fees for crypto pairs to 0. I think exchange fees in crypto are too high. Isn’t that basically what Robinhood did back then?”
Earlier, BitMart had announced it would cease operations and stop all trading services on Aug. 26. Bruce later said he was interested in acquiring the platform.
South Korean pension funds turn net buyers of KOSPI shares
Odaily, citing Jin10 and Korea Exchange data, reported that pension funds, including the National Pension Service, one of the largest institutional investors in the South Korean stock market, turned net buyers of South Korean equities this month for the first time this year.
As of July 24, the NPS and other pension funds had made net purchases of KRW 68.4 billion, or about $46.8 million, in KOSPI constituent stocks since the start of July. That marks the first month of net buying this year after six straight months of net selling.
SK hynix was the most heavily bought stock by pension funds in July, with net purchases reaching KRW 425.8 billion.
Industry developments
Nvidia open-weight AI letter grows to 50 signatories
Odaily, citing Jin10, reported that Nvidia CEO Jensen Huang shared a letter on July 24 titled “Open Weights and American AI Leadership,” calling for support for open-weight AI models.
The version first posted by Huang carried 25 signatures. The signatory list has now expanded to 50 organizations.
OpenAI is among the 25 additions. Other newcomers include Google, AMD, Cisco, Cloudflare, GitHub, Block and Ollama. Anthropic and Amazon have not appeared on any version of the list, a detail highlighted in the report.
OpenAI and Anthropic reportedly lobby for tighter limits on Chinese open-source models
Odaily, citing KCB Daily, said multiple unnamed sources claimed OpenAI and Anthropic have held closed-door talks with U.S. regulators in Washington in an effort to push for tighter restrictions on open-source models.
The report said open-source models lower the threshold for companies and developers to use advanced AI technologies and have also helped Chinese models gain users globally. Overseas developers and businesses can download, modify and deploy these models directly without paying high API fees.
According to the report, OpenAI and Anthropic see competitive pressure in that trend and have raised concerns with U.S. regulators over the development of Chinese open-source models, hoping the Trump administration will tighten restrictions.
Both companies have also continued to stress the safety risks tied to advanced AI systems. They argue that when model capabilities approach or exceed human levels, fully public model weights would allow any organization to download, modify and deploy them, increasing misuse risks.
OpenAI has previously said it wants a government-led AI safety evaluation system with mandatory testing for some advanced models. Anthropic has repeatedly argued that open-source models could lower the barrier for dangerous capabilities to spread and should face stricter oversight.
SK hynix seen posting record second-quarter profit
SK hynix is scheduled to release second-quarter results on July 29. Odaily, again citing Jin10, said market expectations point to another record quarter after Samsung Electronics.
Yonhap Infomax, compiling reports from 14 brokerages published over the past month, estimated SK hynix second-quarter revenue at KRW 84.0597 trillion and operating profit at KRW 64.0899 trillion. The expected operating profit is about KRW 17 trillion above the company’s full-year 2025 operating profit of KRW 47.2 trillion.
With first-quarter operating profit already at KRW 37.6103 trillion, SK hynix’s operating profit for the first half alone would exceed KRW 100 trillion if the estimate holds.
Earlier this month, Samsung Electronics released preliminary earnings showing operating profit of KRW 89.4 trillion in its DS division. If SK hynix meets expectations, the two companies’ combined second-quarter operating profit would exceed KRW 150 trillion.
Samsung Electronics and SK hynix reportedly advancing major chip projects with U.S. tech firms
Odaily reported that SK Group will supply $750 billion worth of chips to U.S. technology companies, including Nvidia.
Separately, South Korean media outlet Newsis, citing a presidential adviser, reported that Samsung Electronics and SK hynix will work with major U.S. technology companies on chip cooperation projects worth KRW 1,375 trillion.
Market talk also said Samsung Electronics signed a memorandum of understanding with Broadcom for a five-year advanced memory chip foundry agreement valued at $20 billion.
Apollo chart shared by GSR executive points to weak IPO performance since 2019
GSR head of strategic communications Frank Chaparro posted on X a chart from Apollo Global Management on IPO investment returns.
The chart showed the average market-adjusted return of U.S. IPO stocks within three years of listing from 1980 to 2024. The data indicated that IPO stocks have generally underperformed the broader market over the medium to long term, with the pattern especially pronounced from 2019 to 2024.
Chaparro wrote: “Since 2019, participating in IPOs has been a losing bet.”
Robinhood in talks with Crypto.com on prediction markets
Odaily, citing The Wall Street Journal, reported that Robinhood is in talks with Crypto.com on a prediction-market partnership.
If completed, prediction markets offered by Crypto.com would be integrated into Robinhood, allowing Robinhood users to access them through the brokerage app.
The report said Robinhood had previously relied mainly on partners such as Kalshi, Interactive Brokers’ ForecastEx and Rothera for prediction-market contracts. A deal with Crypto.com would put Robinhood in more direct competition with Kalshi.
Binance Research says Gen Z is the largest user group for its stock-linked products
Binance Research said on X that 30% of Gen Z begins investing in early adulthood. It also said Gen Z is the largest user group on Binance for direct equities, bStocks and TradFi-Perps products, contributing $80 billion in cumulative trading volume across those offerings.
Project updates
Hyperliquid priority fees have generated more than $5 million
GLC Research said on X that Hyperliquid’s priority fee mechanism has generated more than $5 million in cumulative revenue.
Using 14-day and 30-day averages, the annualized buyback scale supported by that revenue stream has surpassed $30 million, accounting for about 7% of HYPE’s total revenue. GLC Research added that, because priority fees are still at a very early stage, the annualized figure could continue to rise to $50 million to $100 million by year-end.
Storj Labs files for Chapter 11 restructuring
Storj Labs, the parent company behind the decentralized cloud storage project Storj, said it has voluntarily filed for Chapter 11 restructuring in the United States to address historical debt while continuing operations.
The company said business operations will continue during restructuring without service interruption for customers. It also said the reorganized company is planned to be owned jointly by management, the community, STORJ token holders and investors.
Storj, founded in 2014, operates a decentralized storage network in which users provide cloud storage by sharing idle hard drive capacity and are paid and incentivized in STORJ tokens.
Odos to end all services on July 30
The team behind decentralized exchange aggregator Odos said the company operating the platform is gradually winding down, with all services set to stop on July 30, 2026.
The Odos app will enter read-only mode on July 27. Users will still be able to view balances and history, but they will not be able to make new trades.
Odos said it has never directly custodyed user funds. Assets held in external wallets connected through MetaMask, Rabby or hardware wallets remain under users’ private key control. Users who created wallets inside Odos through Google, Apple or email login need to export private keys or move assets to self-custody wallets before July 30.
Odos was spun out in 2022 from Semiotic Labs, a contributor to The Graph, and has routed more than $104 billion in volume across about 15 blockchain networks. Monthly volume reached about $7.85 billion in December 2024 and had fallen to the low hundreds of millions by mid-2026.
The ODOS token will continue to operate independently of the shutdown. Odos said the DAO and the operating company are separate, with further plans to be announced later. The team also said there will be no new products, token migration, token claims or airdrops, and warned users to watch for scams.
Dango publishes shutdown schedule
DeFi platform Dango said it will shut down operations, with the team saying it could not find a viable path to long-term commercial success for a range of reasons.
Dango said user funds are safe, withdrawal restrictions will be lifted in the short term, and users are advised to close positions and withdraw funds as soon as possible. It also warned about slippage risk as liquidity is expected to decline.
Under the schedule, trading will stop at 12:00 UTC on July 29. Remaining positions will be settled using oracle prices, DLP Vault deposits will be unlocked, and all funds will be returned to users’ spot accounts in USDC. At 12:00 UTC on Aug. 13, the Dango L1 blockchain will stop running, and any unwithdrawn funds will be returned to users’ deposit addresses on Ethereum.
WEMIX 3.0 flagged for suspected security incident
On-chain investigator Specter said WEMIX 3.0 appears to have suffered a security incident. Preliminary monitoring suggested a possible exploit involving more than $700,000.
WEMIX had not issued a formal explanation at the time of the report. The cause of the suspected attack, the scope of any impact and the final loss amount were still unconfirmed.
Funding and deals
DeepSeek pauses second fundraising round
Bloomberg reported, according to Odaily, that DeepSeek has suspended its second funding round and told investors it would not sign agreements after remarks by Liang Wenfeng at an internal investor meeting were leaked in audio or transcript form. The closed-door session reportedly lasted about four hours.
Nvidia to buy $1 billion stake in Naver
Odaily reported that Nvidia will acquire $1 billion worth of shares in South Korean internet portal operator Naver. Naver will also cancel treasury stock worth KRW 1 trillion.
Policy and regulation
Lee Jae-myung urges U.S. capital to invest in South Korean tech
Odaily, citing Yonhap, reported that South Korean President Lee Jae-myung said at a “Silicon Valley Venture Capital Meetup” in San Francisco that cooperation between South Korea and the United States should go beyond the long-standing security alliance and expand into technology, innovation and startups.
Lee said the United States has world-class venture capital capabilities and global networks, while South Korea has technological strength, manufacturing competitiveness and a startup ecosystem. He said combining those advantages could produce the next Samsung, Hyundai, SK and Naver.
He also called on U.S. venture firms to increase investment in South Korea and said the country would improve visa policies, strengthen cooperation among domestic and overseas businesses, research institutions and investors, and support startup growth through coordination among fund-of-funds vehicles, the national growth fund, pensions and private capital.
Participating venture capital institutions also signed a memorandum of understanding with South Korea’s National Pension Service that day.
Fidelity calls on U.S. Senate to pass the CLARITY Act
Fidelity Public Policy, part of Fidelity Investments, said on X on July 24 that it is urging the U.S. Senate to pass the CLARITY Act and establish a federal regulatory framework for digital asset markets.
Fidelity Investments’ 2025 annual report showed $37.7 billion in annual revenue, $7.1 trillion in assets under administration, and $18 trillion in assets under custody and administration. The company provides investment platforms for workplace, brokerage, wealth management and institutional clients.
Negotiations around the CLARITY Act are currently centered on ethics restrictions, stablecoin rewards and the regulatory division of labor between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The bill would set disclosure requirements, preserve anti-fraud authority and create standards for centralized intermediaries.
People and remarks
Duan Yongping sells 1,000 SpaceX put contracts
Odaily reported that Xueqiu user “大道无形我有型,” identified in the source as Duan Yongping, wrote that he wanted to “support Musk’s dream” and posted a screenshot of a SpaceX options trade.
The screenshot showed an order to sell to open 1,000 SpaceX, or SPCX, put contracts with a strike price of $115 and an expiry date of Dec. 18, 2026, at a limit price of $23.20. If fully executed, the trade would collect about $2.32 million in premium and create an obligation to buy 100,000 SpaceX shares at $115 each on expiry.
Odaily noted that selling put options is commonly regarded as a bullish strategy because the investor is willing to buy the underlying at the agreed price while reducing the potential entry cost through premium income.
Musk says Grok 4.6 and 4.7 are coming within weeks
Elon Musk said Grok 4.6 will be released in two weeks and Grok 4.7 in four weeks.
Chey Tae-won says South Korea should become an “AI-native” country
Odaily, citing Jin10, reported that SK Group chairman Chey Tae-won said South Korea must become an “AI-native” country and added that the goal is for “everyone to have at least one AI agent.”
Chey said that if the goal is achieved, South Korea would become a global AI testing ground where a wide range of AI technologies could be tried and applied.
He added that SK Group would keep investing in research and development to create more opportunities for AI growth. Chey also said lowering AI costs is critical. He argued that South Korea can reduce those costs by expanding memory chip production and building more AI data centers, while positioning itself as a global AI data center hub connecting the United States, Europe and Asia.